Albert Verkuylen - Orange CA, US Ernest Smith - Santa Barbara CA, US Donald Partington - Irvine CA, US Mark Attaway - Irvine CA, US
Assignee:
Fidelity National Financial, Inc. - Irvine CA
International Classification:
G06F017/60
US Classification:
705/035000
Abstract:
An apparatus and method is provided for rendering title decisions on an expedited basis. In light of empirical data showing a correlation between negative financial information (e.g., credit delinquencies) of a property owner/borrower and potential encumbrances on title to real estate owned by the property owner/borrower, a computer-implemented process evaluates financial information of a prospective mortgage applicant. If the financial information is favorable, an expedited title decision-making process is used to determine the adequacy and quality of the security to be pledged in connection with the mortgage transaction, as well as to assist in the process of issuance of title insurance products. If the financial information is not favorable, a full title search is performed. The invention significantly increases the speed of the mortgage application process without incurring substantial risks. A variation of the invention permits lenders to prescreen prospective mortgage applicants by determining whether they would qualify for an expedited title decision-making process. Those candidates who would qualify for the expedited title decision-making process are solicited for an expedited mortgage process.
In2Itive Associates
Cousultant, Board Advisor and Founder
Black Knight Financial Services Jan 1, 2014 - Jun 2016
Evp, Title and Escrow Strategy
Lender Processing Services Jun 2013 - Jan 2014
Evp, Chief Strategy Officer Origination and Default Services
Lender Processing Services Jul 2010 - Jun 2013
Lps, Svp, Title and Closing Executive and Coo, Lsi Title Company
Lps Fidelity National Financial Fnis 1998 - 2010
Lsi Title: Chief Strategy Officer - Originations Business Development
Education:
University of Wisconsin - Fox Valley 1978 - 1978
Bachelors, Bachelor of Science, Education
Skills:
Mortgage Lending Loans Strategy Executive Management Business Development Credit Vendor Management Risk Management Loan Origination Default Process Improvement Product Management Strategic Planning Mortgage Banking Operations Management Integration Leadership Business Process Improvement New Business Development Business Analysis Team Building Mergers and Acquisitions Business Strategy Mortgage Servicing Project Management Contract Negotiation Sales Management Analytics Mergers Financial Analysis Start Ups Business Planning Entrepreneurship Product Development Cross Functional Team Leadership Strategic Partnerships Marketing Strategy Outsourcing Management Consulting Account Management Due Diligence