Email LoanOfficer@driggstitle.com  for more information.

 

 

CPL in Minutes

Have you ever been down to the last condition, and it’s a CPL, and you’re going on your 2 day of waiting to receive it? What’s worse is that it’s your last condition, at the end of the month and trying to get your escrow officer on the phone is about impossible. Not only is the time to wait painful but the amount of time you have to keep thinking about receiving it is painful.

With Driggs Title Agency, you are in control. You can now create and update your CPL yourself, through our system, and it takes about a minute to do so. No longer do you have to wait for a CPL or feel silly for asking for a 4th update because the lender has changed that many times.

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Calyx Interface

 

Can you remember back when title reps would carry around and hand out order sheets? When you got ready to place an order you would reenter the date you had previously put into your loan origination system on the order sheet and fax it into the title company. You would then call to verify they received it, and if it was a rush you would hope it was picked up sooner than later. Then the market progressed and instead of reentering data into a fax sheet we reentered it into an email, same process, same duplication, but it felt quicker. Then we progressed a little more to entering an order online, same process, same duplication, but it was cool. In all of those examples information has to be reentered and someone at the title company has to take it off the fax, out of their email, or from their website and reenter the same data again, what is now the 3rd time before you can receive an escrow number and have your order start processing.

With Driggs Title you can submit your order directly from Point Calyx, Encompass and other loan origination systems. With the click of the mouse, it takes your open order, submits it to our system, the system inserts the data in a new escrow file and within about 6 seconds returns to you an escrow number. It also populates your GFE with our fees. What use to take time, reentering data, calling to verify we got the order, calling to get a fee sheet, waiting for the order to be inputted so you could get the Escrow/GF number now takes about 6 seconds. Call us today to get your system setup and start saving time.

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Note Portfolio

Can you tell me the name of a client that you closed 14 months ago? Now with that client can you tell me the details of the note that they signed? Most loan officers that we talk to don’t have any idea. Wouldn't it be nice if there was a system that enabled you to track your clients and the details of the note and notified you of trigger points that were important for you to know?

Driggs Title Agency has created a system that enables you to create "Clients for Life". As we want you to be our client for life we want to enable you to do the same. How we do this is as follows. When a file goes to close the escrow officer adds to the closing package a copy of the note. The person that does the recording scrubs the note and puts in all the details about it into our "Note Portfolio" system. The loan type, loan amount, interest rate, lender, pre-payment terms, monthly payment, ARM detail and basically everything that is in that note. Then every morning someone in the office inputs the rates daily into the "Note Portfolio" system from bankrate.com. What then happens is the Note Portfolio does a system check against all the notes in your portfolio to check for key events that have taken place that would give you a reason to call the clients back. An example of that would be if the interest rate in 1% less then what their note was, or the prepay is going to expire in 6 months, or the ARM is going to adjust. Basically we manage the details of your transaction after they close and then notify you when the right time to contact your client would be based on those events.

So a loan officer doing 2 deals a month in 3 years will have 72 loans in his portfolio that we are managing and notifying him of each time, each day, there is an event that is specific to one of his deals. This will create "Clients for Life"

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Realtor Business

How many times have you created a new initiative to get more realtor business? As you think through this new initiative you are trying to figure out how you can make yourself different enough that a realtor would want to switch from using a loan officer they have used for many years. We are in the same situation as you. Getting new realtor business requires you and I to have something, a benefit, a feature, a new process, a quicker qualification, something to make us standpoint and have a realtor take notice. Driggs Title Agency created the perfect tool that ties you the lender, us the title company and the realtor into that new benefit, that new feature, that quicker qualification and the all too often asked question of the realtor “show me something I don’t already have”.

Driggs Title Agency has built an app that will run on any smart phone with browsing capabilities. The app asks for 2 pieces of information, the sales price and down payment. When that information is entered in the system will then link to you their preferred lender, display what you are quoting for rates for that day with the APR and then display what the title fees, lender fees, and monthly payments are. Also if their buyer has not been prequalified it will allow them to enter in their monthly income, monthly expenses and return to them, on the same screen, what their debt-to-income ratio is and if they pre-qualify for that loan amount.

For the first time ever there is an app that ties their preferred lender, the title company, and the realtor together on one screen. The process is simple, it takes less than 30 seconds to pull all that information and it’s available from their cell phone. It’s like having the loan officer, escrow officer, rate sheets, title fees, and payment calculator in their pocket. Click here to watch a 4 minute video on how this works.

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