States Title’s mission is to transform the title and escrow process, seamlessly combining machine learning technology with human expertise to make the closing process more efficient, creating a better experience for lenders, real estate agents, and homeowners. States Title’s investment and commitment to modernizing the industry has enabled them to launch a series of products, from Instant Underwriting to Instant Closing Disclosure, setting the company apart from its competitors. States Title’s Instant Underwriting and Instant Closing Disclosure products, powered by patented machine learning technology, reduce the likelihood of human error and decrease the time it takes borrowers to close a mortgage. By leveraging technology, States Title is able to provide more efficient, quality outcomes which increase customer satisfaction and lower costs.
- Predictive underwriting model results in an average of 84% of title policies that are clear-to-close in under one minute, representing a 23% faster processing time when compared to the industry standard
- Lenders can close an average of 3 days faster and yield around 15% savings for borrowers
- A top 5 national lender saw a 5% increase in loan applications closed and achieved a 93% CSAT score
