SLK Global Solutions, offering technology platforms and solutions for the financial services industry, announced that it has enhanced its SmartProp—a property search solution for real estate title agents and underwriters. This technology platform is currently being used by more than 100 title and tax agents to make their property ownership search reporting faster and risk free. SLK’s 100-plus customers include six of the largest U.S title insurance underwriters.
The enhancements to SmartProp include adding an automated vendor rating system to ensure the best choice of abstractor for a property search and digitized data source links to ensure efficient order execution. These enhancements facilitate accuracy and even faster turn times across all 3,537 U.S. counties at highly competitive prices.
“The new SmartProp (R) automated vendor rating system enables tracking of abstractor performance for three critical parameters, including turn-times, quality and price,” said Timothy Moreland, SVP of Business Development for Title Insurance Solutions at SLK Global. “The platform automatically grades the abstractors on a 100-point scale based on these parameters, allowing SmartProp to decide the best abstractor for the respective county and state and to automatically assign the order to ensure higher performance.”
“We have also added a state and county data source link for every order, which guides our researchers to the right digital resource at the click of a button—saving up-to five clicks per order,” said Shannon Cobb, EVP at SLK Global Solutions. “This reduces the required time and data cost needed to complete an order while increasing accuracy.”
Dallas-based SLK Global Solutions America President Alok Datta noted that these enhancements will further strengthen SLK’s ability and commitment to deliver the best technology-enabled platform solutions for title agents.
“These enhancements to SmartProp(R) property search complement our SmartTrak solution, which offers title agents an option to choose from a menu of property tax reports, certificates and MLS at multiple price points,” Datta said. “This makes our value proposition more robust.”