DataTrace Expands Its Automated Title Search Features
DataTrace, the leading provider of data and automation solutions in the title and settlement services sector, has announced an impressive expansion of its automated title search functionality. With nearly 1,000 counties now covered, both the efficiency and accuracy of title searches are set to dramatically improve for companies in the industry. The enhanced capabilities are integrated into TitleIQ™ Search Automation and accessible through the DataTrace System (DTS) and the DataTrace Digital Gateway™.
How Automated Title Searches Transform the Industry
As highlighted by Robert Karraa, the president of DataTrace, the company is heavily investing in building robust automation solutions. The landscape of title searching, which has typically depended on considerable institutional knowledge, is undergoing a transformation. This shift towards automated title search is pivotal for establishing a standardized national approach to title searches, promising unprecedented levels of efficiency and accuracy.
Innovative Data Delivery and Enhanced TitleIQ Features
In conjunction with expanding its automated search offerings, DataTrace has also improved access to their extensive range of data via the DataTrace Digital Gateway. Customers can now tap into additional title plant and property data, improving the overall search experience. Among the new search products introduced in the TitleIQ solution, TitleIQ Streamline offers a fully automated search as early as the title plant's inception, while TitleIQ Streamline180 delivers search results that extend back 180 days. Both products allow searches by either property address or owner name.
The Impact of Automation on Workforce Dynamics
Amid the shifting landscape of talent in the industry, Kim Armstrong, DataTrace's vice president of product and strategy, notes that the adoption of automation tools can play a crucial role. By providing standardized data and implementing rules-based systems, DataTrace helps mitigate the risk associated with workforce turnover, making it easier for newer employees to ramp up their skills. To further enhance productivity, new online training programs are on the horizon, adding value to the workforce and improving service delivery.
About DataTrace
Data Trace Information Services, LLC, stands as the premier provider of property and ownership data as well as title automation solutions. By streamlining operational workflows, DataTrace empowers title and settlement companies to not only elevate their efficiency but also foster growth. The organization's services are backed by the most extensive network of geographic title plants, featuring over 8 billion recorded document images. Major title underwriters and agents utilize DataTrace’s solutions to facilitate digital transformations, gain competitive advantages, and seamlessly integrate with leading closing technology providers. With unparalleled geographical coverage, DataTrace maintains the most comprehensive digital title information system in the industry, further solidifying its reputation as a trusted ally in the title and settlement domain.
Frequently Asked Questions
What new features has DataTrace introduced?
DataTrace has expanded its automated title search capabilities and added new search products like TitleIQ Streamline and TitleIQ Streamline180.
Why is automation important for the title industry?
Automation streamlines the title search process, making it more efficient and reducing dependency on individual expertise, which is essential given workforce transitions.
How does DataTrace support its data accessibility?
DataTrace offers enhanced access to a rich repository of title and property data through the DataTrace Digital Gateway, improving user experience in searches.
What is TitleIQ Streamline?
TitleIQ Streamline is a new automated search offering that delivers comprehensive search results dating back to the title plant's beginning.
How does DataTrace facilitate workforce training?
DataTrace is launching new online training programs aimed at enhancing productivity and speeding up the onboarding process for new employees.
