The solution enables title professionals to order mortgage payments with just one click. The solution is completely autonomous and enables title professionals to order mortgage benefits in the Certifid platform. A centralized dashboard follows the progress of the mortgage benefit in real time and Certifid says that the solution is able to complete mortgage payments in hours and helps to eliminate the creditor’s delays.
Certifid CEO Tyler Adams said that this product rollout is part of the mission of his company to eliminate fraud risks and to streamline the closing processes for both title professionals and consumers.
“Ordering a payout is an incredibly cumbersome process. If you ask for a title professional, it is almost always one of their least favorite parts of their work – they have to call or e -mail or in some cases the lender faxing and coordinating that the money sends,” Adams said.
The Payoff system works together with the Payoff protect product from Certifid, which will be launched in 2023 and is designed to help companies prevent fraud of mortgage payments. Although Adams said that this product was received very successful and well, he describes it as a final line of defense.
“The team still has to order the payout and then they bring the details to us to verify,” said Adams. “We always wanted to build a solution that did the whole process for you, but it was really difficult.”
These challenges meant Certifid was collaborated Painless payouts And his co-founders Jeff Winkle, Nall Seth and Zach Hoopes.
“I saw Running of a title company first hand how much time and frustration was about ordering payouts,” said Hoopes. “When no one has solved it, we created painless payouts to eliminate that pain and give title companies their time back.”
Adams said that Certifid strengthens this relationship by gaining painless payouts and welcoming Winkle and Seth to the company to lead AI and automation improvements at Certifid. Zach Hoopes, the CEO of National settlement servicesIs a member of Certifid as an advisor.
“Certifid is one of the most trusted names in the industry, and we could not propose better proposals
Partner to market our technology, “said Winkle.” Title companies already rely on Certifid for protection and now, with painless payouts [payoff ordering] Integrated, they get both speed and security in a single workflow and they deliver even more value to their customers. This partnership shows how AI can be used for good to prevent fraud on a scale, to protect the closure process and to deliver exactly the kind of positive impact that people hope to see of this technology. “
Certifid started testing the product in March and so far Adams said that the feedback was positive.
“Ordering payment has significantly improved our workflow. It streamlines processes, centralizes information in one dashboard and reduces the need for time -consuming phone calls, so that our team can concentrate on tasks with a higher value,” Whit Wood, of Campbell & BrannonAn Conviction Partner, said in a statement.
PayOFF -Ordering is now available for title professionals who use the Certifid platform.
In mid-July, Certifid announced the closure of his Series C-finance round, so that it collected $ 47.5 million in financing.
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