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Lender Services
Aurum Title Lender Services
Aurum Title provides Gold Standard Service solutions for real estate lenders, originators, servicers, and investors to help you strengthen efficiency, reduce loan cycle time, decrease costs and improve the customer experience.
Through our digital operations centers and network of Aurum Title Providers, we’re the partner you can rely on to exceed your expectations and offer the best experience for your borrowers. We provide Texas title, closing, escrow, appraisal and valuation services, and digital solutions for mortgage origination, home equity, default servicing, and capital markets investors.
Centralized Title & Settlement
Nationwide title, escrow, and closing services with a single point of contact for mortgage lenders, banks, and originators.
Appraisals & Valuations
National appraisal management and valuation offering that leverages data-driven processes and local expertise to deliver first-time quality and service levels.
Home Equity Solutions
Our comprehensive scope of services for search and title, valuation, appraisal management, closing, and post-close support.
LOS Integrations
We are aligned with several top-of-the-line loan origination systems. Our integrations allow you to seamlessly work and place orders on your preferred platform.
Digital Closing Options
As the premier title services company, Aurum is investing in innovation and technology to support compliance and the Gold Standard of customer experience.
Remote Online Notarization (RON)
Our most convenient service. Everything is eSigned and eNotarized using audio and video webcam technology. Documents are suitable for eRecording by county clerks and recorders.
Remote Ink-signed Notarization (RIN)
This closing option features all wet signed documents, but the closing appointment is done remotely using audio and webcam technology. Documents are then mailed to the appropriate parties.
Hybrid Digital Closing
This option allows all parties to appear in person all in the same room to eSign and eNotarize some documents and “wet sign” others. **eSignature consent and lender approval required.
Full Digital Closing
This closing option takes place in person and all documents are signed digitally. If available, this process is eco-friendly and highly time-efficient.
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Key Takeaways
- A lender is an individual, a public or private group, or a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid.
- Repayment will include the payment of any interest or fees.
- Repayment may occur in increments (as in a monthly mortgage payment) or as a lump sum.
What Is a Lender?
A lender is an individual, a public or private group, or a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid. Repayment will include the payment of any interest or fees. Repayment may occur in increments, as in a monthly mortgage payment (one of the largest loans consumers take out is a mortgage) or as a lump sum.
Understanding Lenders
Lenders may provide funds for a variety of reasons, such as a home mortgage, an automobile loan, or a small business loan. The terms of the loan specify how it must be satisfied, its period, and the consequences of missing payments and default. Ultimately, a lender may go to a collection agency to recover any funds that are past due.
How Do Lenders Make Loan Decisions?
Individual borrowers
Qualifying for a loan depends largely on the borrower’s credit history. The lender examines the borrower’s credit report, which details the names of other lenders extending credit, what types of credit are extended, the borrower’s repayment history, and more. The report helps the lender determine whether the borrower is comfortable managing payments based on current employment and income. Lenders may also use the Fair Isaac Corporation (FICO) score in the borrower’s credit report to determine creditworthiness and help make a lending decision.
When applying for a secured loan, such as an auto loan or a home equity line of credit (HELOC), the borrower pledges collateral. An evaluation will be made of the collateral’s value, and the existing debt secured by the collateral is subtracted from its value. The remaining equity affects the lending decision.
The lender evaluates a borrower’s available capital, which includes savings, investments, and other assets that could be used to repay the loan if household income is insufficient. This is helpful in case of a job loss or other financial challenges. The lender may ask what the borrower plans to do with the loan, such as use it to purchase a vehicle or other property. Other factors may also be considered, such as environmental or economic conditions.
Business borrowers
Banks, savings and loans, and credit unions may offer Small Business Administration (SBA) programs and must adhere to SBA loan guidelines. Private institutions, angel investors, and venture capitalists lend money based on their own criteria. These lenders will also look at the purpose of the business, the character of the business owner, where the business operates, and the projected annual sales and growth for the business.
Small-business owners prove their ability for loan repayment by providing lenders both personal and business balance sheets. The balance sheets detail assets, liabilities, and the net worth of the business and the individual. Although business owners may propose a repayment plan, the lender has the final say on the terms.
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Why Aurum Title
We Are an Experienced and Efficient Title Company
Aurum Title is a full-service title agency offering competitive commercial escrow and title solutions with Gold Standard service in the Dallas Fort Worth metroplex.
We represents national underwriters such as Westcor Land Title insurance Company, Chicago Title Insurance Company and Fidelity National Title Insurance Company.
Our title closing team is committed to seeing our clients through sometimes stressful and challenging times when buying or selling your property. We understand that closings can be difficult but our Gold Standard Service relieves those stresses.
Smartphone
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Gold Standard
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Real Time
Transparency
Zero
Uncertainties
On-Time
Closings
The Aurum Title
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