PROPERTY PLUS REPORT

How Do Lenders Benefit Most from the PROPERTY PLUS REPORT?

Many lenders are taking advantage of the speed and significant cost savings available today with the SharperLending Property Plus Report product for Refinances and Equity lines of credit. You too can benefit! Review the information here and on the Property Plus - Actual Cost Savings supplement document to see how you can increase your competitive edge while saving considerable time and money on closing costs.

PROPERTY PLUS REPORT - Brief Description

The Property Plus Report provides the traditional O&E (Property Report) report that includes the current owner of the property, how the property was conveyed to the current owner, open mortgages, liens, judgments, tax information, and a complete legal description. Additionally, through an executed Property Plus Service Agreement, the lender transfers the underwriting risk to EPN Solutions, LLC* who is backed with an enhanced Errors and Omissions policy.

PROPERTY PLUS REPORT - Product Features

Gap covered between report data and recordation
Protection from fraud
Life of loan and transferable
Simple claims process for reported errors or omissions resulting in lender llllloss
Claim settlement within 30 days
Available in all 50 states
Claim process: Submit retro-appraisal
Equity loans can be in any position including first
Foreclosure not required if commercially uneconomical to foreclose
Includes filed tax liens

*EPN Solutions, LLC maintains an enhanced Errors & Omissions policy that is "occurrence based" with no deductible and no aggregate limits from Markel Insurance Co.