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Great working relationships lead to great work.

– KIM JEHN

REO Title and Closing Services

 

In-House Footprint

PRISM is a 5 state licensed title and closing company specializing in working with lenders, mortgage servicers and asset management companies selling foreclosed properties. PRISM has successfully closed many thousands of REO transactions throughout our in-house footprint which includes the states of Ohio, Kentucky, Indiana, Michigan and Minnesota. By automating and perfecting title and closing processes, PRISM has not only become the pre-eminent title agency in these states, but is also recognized as an industry leader and a model for title agencies in other parts of the country. Our clients choose PRISM because they are confident that we drive each deal from the time of the initial title order to the time of seller wire confirmation. Our services include:.

 

  • Order confirmation within 24 hours;
  • Title commitment issuance within 3-5 business days;
  • Title resolution begins as soon as commitment is issued;
  • Timely follow up on Sheriff Deed recordings;
  • Contract confirmation within 24 hours;
  • Deed package prepared and sent to client within 3 days upon receipt of contract;
  • Our Pre-Closing Department performs tax searches, orders point of sale inspections, orders HOA/Condo Status Letters and verifies all utility bills due, to prior to closing;
  • Closing Coordinators manage timelines and follow up with realtors and lenders to be sure closings are scheduled as quickly as possible;
  • Preparation of HUD-1 Settlement Statement within 48-72 hours prior to closing;
  • Closings are held at a location most convenient to the buyer and email closings are available at all times;
  • Seller wire confirmation is sent within 24 hours of closing along with copiers of buyer's signed HUD;
  • Deed transfer process immediately follows disbursement;
  • Title Policies are issued upon the return of all recorded documents*.

*Over the past eight years, PRISM has developed and inventory of thousands of recorded POAs so our clients rarely have to go on a search for the appropriate POA for recording.

 

National Footprint


PRISM also covers the remainder of the United States through a completely vetted and audited network of vendors throughout the nation.  This provides our clients not only our expertise in closing REO transactions but also our management using our proven systems and techniques.  Throughout the entire transaction we will be your only point of contact. 

Please click here for our brochure!