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ATPR Seeing Strong Demand for SmartProp
press release
   

One year after announcing the launch of its SmartProp solution, American Tax & Property Reporting, Inc. (ATPR) announced that it is seeing a strong demand spurt for SmartProp in the title and settlement services industry. ATPR is a provider of technology-focused solutions for the real estate and settlement services industry.

Intended primarily for use in home equity, home improvement or similar real estate transactions, SmartProp is a limited public records search that includes current owner, property conveyance, open mortgages, judgments and liens, tax information, tax status and legal description. It can produce one and two owner searches; lien searches; mortgage and assignment searches and deed reports.

According to Shannon Cobb, EVP for ATPR, tile agents, underwriters and vendor management firms have all indicated a growing interest in SmartProp. He believes this is an indicator of a larger trend. “There was a time when a good number of agents wouldn’t even consider using an outsourced search product,” said Cobb. “The fact that I’m being approached daily by agencies (and underwriters) seeking to learn more about SmartProp suggests that firms are really seeking new ways to reduce costs without losing quality in their products.”

Cobb also notes that the product’s demand is growing in the lending and REO/asset management market segments, and has generated some interest from the GSEs as well.

ATPR President, Alok Datta, believes the increasing demand for SmartProp is tied to the quality of the searches, which are also supported by a nationwide abstractor network. “We’ve heard from agents and underwriters alike that similar products are often riddled with errors and inaccuracies unacceptable to their lending and investment clients. SmartProp ensures a level of accuracy and reliability settlement services firms might not be used to when it comes to quick-search products.”

For more information, go to www.atprinc.com.

About American Tax & Property Reporting, Inc.

American Tax & Property Reporting (ATPR) combines significant domain expertise, superior customer service and leverages best in class technology to offer a proprietary suite of products and solutions for the real estate information services areas. ATPR is a subsidiary of SLK Global, a leading business transformation solutions provider for title insurance, banking, payment and other financial services industries.

SmartProp® is product of SLK Global, made available through the ATPR sales channel. ATPR also offers tax & municipal lien products through its affiliate company, American Tax Reporting. Learn more about ATPR at www.atprinc.com



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