Real Estate Weekly
TitleVest technology produces watershed moment
TitleVest’s newly-launched Interactive Online Report™, a web-based application which streamlines the title insurance review and closing process, is revolutionary in its own right.
But when TitleVest president and CEO Bill Baron had a hunch that the Online Interactive Report’s™ functionality might be enhanced by running it on the iPad introduced in early April, Baron’s concept instantly became a watershed for the legal industry.
Initially intended for use on a desktop or laptop, it turns out that the application is a perfect match for the size and scope of Apple’s hot new product.
“It’s as if they were made for each other,” said Baron. “What makes Online Interactive Report™ so ideal for the iPad is that it enables attorneys to review reports electronically in virtually the same manner as if they were working with a printed document – by holding it wirelessly and almost weightlessly in their hands, being able to share it as a ‘living’ tablet with colleagues, being able to slip it into a briefcase, and being able to magnify small print as well as to view documents from both a vertical and horizontal perspective.
“Virtually every one of our attorney clients who has experienced our Online Interactive Report™ on an iPad has totally embraced the paired technologies.”
Online Interactive Report™ enables all parties involved in a real estate conveyance to view documentation 24/7. If any party updates the information, changes are updated online and an email notification is sent so that everyone may view the revised report. The portal offers users the ability to schedule closings and order transfer tax forms and/or IRS Form 1099, complimentary to all parties involved on the transaction. And post closing, the site provides recording confirmation of all closing documents and archival copies of all title insurance policies.