Mortgage Lien Report (MLR)
SettlementOne understands how important it is for lenders to have title insurance on all loan types to minimize liability. To better serve our clients, SettlementOne integrates the low-cost Mortgage Lien Report (MLR) featuring assurance coverage for Home Equity, Seconds and Refinance mortgage loans. This unique SettlementOne product gives lenders a view of the borrower's secured mortgage liens, any reported judgments and public record information. The MLR may be utilized as a stand alone product or in tandem with the full title report.
In today's turbulent market lenders are choosing to minimize risk by combining the O & E report and the MLR. Combining the two products together reduces risk in the lending process for a minimal cost.
Advantages:
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