Loan Management Simplified: AFX Research and Nexys Integrate to Streamline Title Updates
AFX Research, a leader in property research and title updates, is thrilled to announce its integration with Nexys, a comprehensive loan management platform for lenders, brokers, and customers. This collaboration enhances efficiency and accuracy by allowing Nexys users to order and receive same-day, nationwide title update reports directly within the Nexys platform.
AFX Research, with over 60 years of expertise in property research and title updates, is proud to announce its integration with Nexys, a leading all-in-one loan management platform for lenders, brokers, and customers. This collaboration marks a significant step in simplifying and unifying the loan lifecycle by combining AFX’s cutting-edge title update services with Nexys’ comprehensive loan management tools. The partnership provides users with a streamlined process for property due diligence, reducing manual workflows and speeding up loan processing times, ultimately benefiting both lenders and borrowers.
A Leap Forward in Loan Processing Efficiency
With more than $1 billion in funded loans managed through Nexys, this partnership aims to deliver unmatched efficiency and accuracy in the loan industry. By incorporating AFX’s title update services directly into the Nexys platform, users can now access nationwide title update reports with same-day turnaround, an innovation that dramatically simplifies property due diligence.
This integration eliminates the need for lenders to rely on multiple title companies, which often lead to delays in the traditional title update process. Instead, users can now obtain all the necessary title information through a single, unified platform. This efficiency enhances loan processing times, allowing lenders to make faster, more informed decisions.
Key Benefits of the Integration
- Same-Day Title Updates
Nexys users can now receive title update reports from AFX, known for their industry-leading accuracy and speed. The average nationwide turnaround time for these reports is just 0.67 business days, ensuring lenders have the most current information at their fingertips in record time. - Simplified Workflows
The integration eliminates the complexity of managing multiple title companies, allowing lenders to streamline their workflows. This reduction in manual processes helps to cut down on errors, delays, and administrative costs, freeing up valuable time for more strategic tasks. - Accelerated Draw Disbursement Speeds
By incorporating AFX’s title update services into Nexys, lenders can achieve up to a 5x acceleration in draw disbursements. This means loans can be closed more quickly, enabling lenders to process more loans in less time, ultimately driving business growth and increasing efficiency. - Unmatched Accuracy and Reliability
AFX’s title update reports are trusted by some of the largest institutions in the country, including the SEC, IRS, and DOJ. These reports offer the highest level of accuracy and are designed to provide lenders with reliable and up-to-date information, ensuring confidence in every transaction.
David Mitchell, CEO/President of AFX Research, commented, “This integration brings together the strengths of two innovative companies. By offering same-day title updates directly within the Nexys platform, we’re empowering lenders with the speed, reliability, and efficiency they need to focus on what truly matters: serving their clients and growing their business.”
Comprehensive Title Update Reports
Nexys users now have seamless access to AFX’s title update reports, which provide essential verification of property ownership and encumbrance details. Each report includes a thorough breakdown of the property’s history, from the current owner’s purchase date to the report’s effective date. Key elements of each report include:
- Current deed information
- Existing mortgages
- Tax status
- Copies of any liens or judgments appearing on the title
These reports help lenders gain a clear and comprehensive understanding of a property’s legal standing, further streamlining the loan decision-making process.
A Shared Vision for the Future
Kirk Ayzenberg, CEO/President of Nexys, expressed, “Our mission at Nexys has always been to provide lenders with the tools they need to thrive. Integrating AFX’s title update services aligns perfectly with our goal of delivering an efficient, all-in-one platform. Together, we’re setting a new standard for loan management.”
This partnership demonstrates the shared commitment of AFX Research and Nexys to drive innovation and excellence within the lending industry. The integration of AFX’s title update services within Nexys’ platform empowers lenders to reduce costs, save time, and provide enhanced service to their clients.
Transforming the Lending Experience
By combining AFX’s expertise in property research with Nexys’ advanced loan management tools, this collaboration is set to revolutionize the way lenders handle property due diligence. The integration offers a seamless, efficient solution that minimizes administrative overhead and improves loan processing speeds, ultimately benefiting all parties involved in the loan lifecycle.
For lenders, this means a more efficient and accurate loan origination process, as well as the ability to close deals faster. For borrowers, it results in a smoother and more timely lending experience. Together, AFX Research and Nexys are paving the way for a more streamlined and dynamic future in loan management.
In conclusion, this integration marks a major step forward for the lending industry, setting a new standard for how property due diligence and loan management can be handled with speed, accuracy, and efficiency. By uniting AFX’s title update expertise with Nexys’ powerful platform, lenders now have the tools they need to stay ahead in a competitive market while delivering exceptional service to their clients.
