Title Insurance

Is Instant Title Really Instant?

Real Estate Trends
Spruce
August 16, 2022

The term “instant title” can mean a lot of different things–and while no end-to-end solution truly takes place in the blink of an eye (yet!), there can be certain elements of the closing process that truly are instant.

Instant Title at Spruce

At Spruce, we’ve built our technology from the ground up–this means that we combined the best of hands-on, industry expertise, with groundbreaking innovations and proprietary tech. The result is the ability to increase speed, scale, and accuracy (without sacrificing quality or security, of course) for every real estate transaction. 

When it comes to instant title, there are elements of our process that are in fact, instant. For example, we can access land records electronically, allowing immediate insight into the title health of a property. This can include current owner information, open liens or mortgages, as well as some preliminary real estate tax information. Typically, this type of detail can be provided in several forms, ranging from a basic reporting detail up to the form of a traditional title commitment (which we offer at Spruce).

Automated Underwriting

Complementing our lightning-fast accessibility, our exclusive Automated Underwriting technology can expedite clear to close from the industry average of days to weeks, to as little as mere minutes. Enabled via a unique combination of proprietary data science, machine learning, and private and public data sources, our automated title search and underwriting model saves time and money for Spruce's clients and their customers.

Our automated underwriting model offers unique benefits made possible by our technology and team:

  • Instant Turn Times: Borrowers benefit from swift turn times, alleviating the burden of waiting days to weeks in a typical process.
  • Process Efficiency: A systematic and thorough process makes it easier to get to clear-to-close quickly.
  • Superior Customer Service: Increased transparency allows for even faster response times from Spruce's team of experts.
  • Accuracy: Predictive modeling capabilities offer consistent accuracy, objective flexibility, and continuous improvement over time.

Automation + Real People = 💚

We know that technology alone can’t fulfill every need. That’s why we combine the best of both worlds, offering speed, accuracy, and standardization that only tech can provide–with the knowledge, understanding, and accessibility of real people.

Ready to learn more? Get in touch with our team.

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Article by
Spruce

Is Instant Title Really Instant?

The term “instant title” can mean a lot of different things–and while no end-to-end solution truly takes place in the blink of an eye (yet!), there can be certain elements of the closing process that truly are instant.

Instant Title at Spruce

At Spruce, we’ve built our technology from the ground up–this means that we combined the best of hands-on, industry expertise, with groundbreaking innovations and proprietary tech. The result is the ability to increase speed, scale, and accuracy (without sacrificing quality or security, of course) for every real estate transaction. 

When it comes to instant title, there are elements of our process that are in fact, instant. For example, we can access land records electronically, allowing immediate insight into the title health of a property. This can include current owner information, open liens or mortgages, as well as some preliminary real estate tax information. Typically, this type of detail can be provided in several forms, ranging from a basic reporting detail up to the form of a traditional title commitment (which we offer at Spruce).

Automated Underwriting

Complementing our lightning-fast accessibility, our exclusive Automated Underwriting technology can expedite clear to close from the industry average of days to weeks, to as little as mere minutes. Enabled via a unique combination of proprietary data science, machine learning, and private and public data sources, our automated title search and underwriting model saves time and money for Spruce's clients and their customers.

Our automated underwriting model offers unique benefits made possible by our technology and team:

  • Instant Turn Times: Borrowers benefit from swift turn times, alleviating the burden of waiting days to weeks in a typical process.
  • Process Efficiency: A systematic and thorough process makes it easier to get to clear-to-close quickly.
  • Superior Customer Service: Increased transparency allows for even faster response times from Spruce's team of experts.
  • Accuracy: Predictive modeling capabilities offer consistent accuracy, objective flexibility, and continuous improvement over time.

Automation + Real People = 💚

We know that technology alone can’t fulfill every need. That’s why we combine the best of both worlds, offering speed, accuracy, and standardization that only tech can provide–with the knowledge, understanding, and accessibility of real people.

Ready to learn more? Get in touch with our team.