Orion Financial Group Inc., a provider of mortgage assignment, lien release and document retrieval services, says it is now offering a one-stop settlement services solution for small- to medium-size investors, including those selling REO properties.
‘We have partnered with Lenders Title Solutions to provide title and closing services nationwide, so we save our clients time and money,’ says Mike Wileman, Orion's president and CEO. ‘Investors can opt to contract Orion for title commitments only, and then expand the service to title policies, along with closing services.
‘By ordering a title commitment on a pool of loans, investors are able to quickly see what liens are against the properties, and they can make a more informed decision on which assets they purchase,’ he adds.
If an investor decides to sell assets, Orion converts commitments to title policies and begins to move the loans through closing services. This includes obtaining the signed real estate contract, closing instructions and providing the HUD 1 form to all parties for review. Orion also notifies all parties of the scheduled closing time and location.