In a move that represents a significant step toward its end-to-end digital real estate strategy, Fidelity National Financial (FNF), a provider of title insurance and transaction services to the real estate and mortgage industries, recently launched its Digital Closing Experience solution for real estate transactions.
The closing solution, developed in partnership with Black Knight, supports both hybrid and fully digital closing options and is tightly integrated with FNF’s production systems.
It enables lenders, settlement agents and consumers to collaborate securely online, facilitating pre-closing collaboration that improves the customer experience.
“Today’s homebuyers and sellers have come to expect a digital experience that increases the transparency and convenience of the transaction,” says Jason Nadeau, chief digital officer for Fidelity National Financial, in a release. “At FNF, we understand this. That’s why we’re committed to creating a totally redesigned real estate experience for the consumer. We’re also making sure our vast network of partners has access to the tools they need to compete effectively in an increasingly digital world.”
Designed to digitally engage homebuyers and sellers in the process well in advance of the closing signature ceremony, the solution brings increased transparency, flexibility and convenience to the final steps of real estate transactions.
The new solution leverages Black Knight’s Expedite Close technology to create a digital closing experience that is tailored to meet the very specific needs of the settlement community.
FNF’s platform is based upon tight integrations with title production and workflow solutions, and optimized for ease of use and maximum adoption. Additionally, consumers are provided with greater visibility and transparency into their documents prior to the actual closing.
Integrated e-signature technology allows for many documents to be signed in advance of the closing itself and – in jurisdictions where it is permitted – remote online notarization capabilities ensure sellers and buyers can close on a real estate transaction when and where it best suits their schedules.
While the digital closing platform is loan origination system (LOS) agnostic, it is currently integrated with Black Knight’s suite of solutions.
FNF’s title operations will begin leveraging the digital closing platform in starting in the second quarter.
