In The News

InspectHOA Introduces Mortgage Payoffs Solution

InspectHOA, a provider of HOA documents acquisition and modernized settlement processes for the real estate industry, has introduced its mortgage payoffs solution.

The mortgage payoffs offering leverages a database comprised of mortgage lenders nationwide. Each lender’s ordering process is incorporated into the system, which assigns the order date based upon the closing date to ensure the payoff is valid at the time of closing. Authorization is only requested if absolutely necessary and, in situations where a closing is postponed, the ordering date is automatically pushed back as well.

The introduction of the mortgage payoffs package signals InspectHOA’s intention to become the premier provider of a full suite of modernized settlement solutions.

“InspectHOA strives to be the premier provider of multiple streamlined title and closing processes,” said Co-Founder Anton Tonev. “We’re using a combination of AI technology, robust and continuously updated databases and a team of professionals proficient with the entire settlement process to help title agents streamline their operations. The mortgage payoffs solution clears yet another traditional chokepoint in the title agency workflow, allowing employees to spend more time with customers, providing a superior customer experience, leading to higher referral rates and increased market share.”

Prior to this launch, InspectHOA may have been best known for its flagship HOA service which allows title and escrow companies, underwriters, real estate attorneys, mortgage lenders, investors and pretty much everyone else to never deal with HOAs again. Using a combination of the largest database in the country, AI technology and HOA professionals, InspectHOA offers HOA documents acquisition and analysis services which lead to faster closing times, lower error rates, higher customer satisfaction, and employee engagement.