Altisource's Premium Title Announces Integration With Mortgage Builder

LUXEMBOURG--(Marketwired - March 07, 2016) - Premium Title™, a provider of national title and escrow services, announced today its integration with the Mortgage Builder® Loan Origination System (LOS). The integration provides customers with the ability to share data and documents between systems, auto-populate title fees on a loan estimate and place a title order directly from within the Mortgage Builder LOS.

Lenders on the Mortgage Builder LOS can automatically receive a quote for title services and a compliance certificate guaranteeing those title fees, which populates into the Mortgage Builder LOS. The loan estimate or any adjustments in fees associated with the loan are also maintained in the system, ensuring TRID compliance and faster disclosure timelines.

"Our integration with Premium Title represents our continued commitment to our customers to automate all aspects of the closing process," said Larry Alston, General Manager of Mortgage Builder. "By continuing to integrate with industry leaders, we provide our customers the means to close more loans at a lower cost and higher quality, helping ensure full compliance throughout the process." 

"We are pleased to enable our clients with the capability to order title services from Premium Title within the Mortgage Builder LOS," said James A. Weld, President of Premium Title. "Our integration with Mortgage Builder makes it easier to bring our quality title services and solutions to customers. We are receiving great feedback from our beta customers regarding the integration and will continue to work to provide our customers with best-in-class features and services."

About Premium Title ™

Premium Title offers a compliant, best-in-class approach that allows you to coordinate all title insurance and escrow activities. Our customized solutions seamlessly integrate with your existing business processes and help you lower vendor costs, reduce title errors and eliminate barriers to closing. Premium Title is part of the Altisource Portfolio Solutions S.A. family of businesses.

About Mortgage Builder ^®

Since 1998, Mortgage Builder has provided industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions and other financial institutions. Mortgage Builder combines best practices, a broad partner network and an end-to-end software platform for retail, wholesale and correspondent mortgage production channels to help lenders close more loans for less and stay compliant. Mortgage Builder is part of the Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) family of businesses. For more information, please visit mortgagebuilder.com.

About Altisource ^®

Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer-debt industries. Altisource's proprietary business processes, vendor and electronic payment management software and behavioral science-based analytics improve outcomes for marketplace participants. Additional information is available at altisource.com.