Industry News

Fidelity gets time-saving title report technology

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Fidelity National Title Group has teamed up with automated title software and service provider NextAce to significantly improve delivery speed of title reports, the company said Wednesday. The title group, which is the nation's largest title insurance company and a majority-owned, publicly traded subsidiary of Fidelity National Financial, said that with NextAce's Title EDGE "software as a service" offering, Fidelity's five leading title insurance underwriters -- Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title -- will be able to reduce the time to deliver a title report from approximately 48 hours to as little as one hour. "By automating the title process, Title EDGE offers a powerful technology solution that will significantly enhance our ability to create new levels of speed and efficiency in the title process," said Randy Quirk, Fidelity's chief executive officer, in a statement. Title insurance protects lenders and anyone purchasing or ref...