Final Policy Outsourcing

You have seen it time and time again – you close the deal, file your documents and transfer the deeds.  Now onto new business, though there is the nagging tone of unfinished business.

Preparing the final policy and transferring the underwriter fee – it’s no more than an hour of your time . . .  but the last transaction just closed and there are others waiting for your attention.  A week goes by. . .  you’re on to the next closing.

By the end of a productive week, that housekeeping hour has turned into a full day’s work.

And – as an ALTA Best Practices company, you know all about Pillar #5 and the need to get the final policies filed within 45 days of closing.

It’s easy to become compliant

We understand this challenge, so we laid out an easy path to outsource final policy preparation with HDEP:

  1. A mutual non-disclosure agreement is signed.
    2. Current procedures for final policy preparation are demonstrated by web conference.
    3. Access to your system is set up for HDEP to run test orders; review and refine.
    4. Test orders are done; when confirmed to be correct, daily production begins.

The process is simple and easy to implement.  Never worry about a mountain of policies piling up again.

Get Off-the-ground quickly

Our customers want to focus on closing business, so we make it easy to get started working with us.  The setup, testing, and tweaking can take as little as 2-3 weeks and then production work can begin.

Work with a single point of contact

Every customer is assigned an HDEP manager and backup, for a single point of contact with the customer’s staff.

Save 50%

Our customers save about 50% of in-house costs, while relieving their high value staff of this routine task.

Get overnight completion

Orders submitted by 5 p.m. are generally completed before 8 a.m., ready for your staff to review when they get to work in the morning.

Software – we do it all

We stay current with the systems our customers use. With our extensive and varied experience, we can quickly pick up the procedures for both commercially sold and custom systems.

An on-ramp to a comprehensive solution

Outsourcing title production is complicated and worrying; the cost of a failed vendor selection shakes the confidence of internal staff.  Many of HDEP’s customers used the final policy production as a way to evaluate HDEP International’s quality, staff knowledge and ability to work with client internal staff.  Outsourcing final policy production has been an effective on-ramp to a more complete outsourcing initiative.

Go Back to Article Page

back to top