Real estate information services provider American Tax & Property Reporting Inc. (ATPR) has expanded its national abstractor network for SmartProp, a property search reporting product, which will give customers a faster turnaround time and more competitive pricing structures.
The expansion adds more than 30 established field abstractors across 900 additional counties to SmartProp’s “trust network,” giving SmartProp customers aggressive turnaround times of 48 to 72 hours.
“ATPR is driving a variety of initiatives to continuously improve response times and is committed to deliver a superior customer experience,” said ATPR President Alok Datta. “We are moving aggressively to become the preferred search product partner for lenders, title agents and real estate attorneys.”
SmartProp customers submit order sheets via email or through their integrated production systems. A title searcher reviews the order sheet to determine if it can be completed using online websites. If it can be, searchers run the grantor/grantee or legal search to extract the index information. They pull the deeds, open mortgages, tax information and any open involuntary liens against the current owner of the property and stack them in a sequential order to prepare the package.
If searchers are unable to perform the search online, ATPR assigns the order to a manual abstractor to prepare the property report.
Once SmartProp is updated with information by either ATPR’s in-house team or abstractor network, it is assigned to a title examiner, who reviews the package and ensures there is no missing information in the report.
A title abstractor prepares and certifies the condensed history, known as an “abstract of title” of the ownership of a particular parcel of real estate. An abstract consists of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property.
ATPR is a subsidiary of SLK Global, a business processing outsourcing service and solution provider for the mortgage, appraisal management, title insurance and banking industries.