Introduction
Title companies play a critical role in private mortgage lending by safeguarding property ownership records, handling escrow, and verifying clear title transfers. Enabling this setting allows your firm to document and reference title company involvement within loan files, streamlining transaction management.
Navigating to This Section
Click the Gear icon in the top-right corner to open Settings.
Select Company Settings.
Use the left-hand navigation menu to expand Loan Setup/Origination.
Locate Stakeholder Setup.
Tip: If your firm does not regularly work with title companies, keeping this feature disabled will maintain a simplified workflow.
Configuring Title Companies
Enabling Title Company Tracking
In the Stakeholder Setup section, locate the Title Companies setting.
Select Yes to activate title company tracking.
Once enabled, a dedicated Title Companies section will be available within loan files for documentation and management.
Reminder: Only enable this feature if your firm consistently engages with title companies. If not, leaving it disabled will minimize unnecessary fields and dashboards.
Managing Title Company Details in Loans
After activation, you can record title company information within each loan file.
Use this section to document transaction details, title verification status, and escrow information.
FAQs
What is a title company?
A title company ensures property ownership records are accurate, manages escrow, and verifies a clear title transfer during real estate transactions.
When should I enable title company tracking?
Enable this setting if your firm regularly collaborates with title companies and requires a structured way to document their role in loan files.
Can I disable title company tracking later?
Yes, you can turn off title company tracking at any time. However, any previously recorded title company data will remain within existing loan files.
Does enabling this feature affect other loan settings?
No, enabling this feature only adds a dedicated Title Companies section within loans and does not impact other loan setup configurations.
Need Further Assistance?
For additional support, contact us:
📧 Email: support@mortgageautomator.com
💬 Live Chat: Click the question icon at the top-right corner of your screen.