Last update: March 20, 2018
Media Release archive
TitlePLUS launches online insurance application at www.LawyerMortgage.com
Toronto, ON May 10, 2001: Effective today, lawyers in Ontario can use a live, online, web-based application to secure title insurance coverage for certain mortgage transactions, saving time and money.
The LawyerMortgage.com website, developed jointly by TitlePLUS and CAKEsoft Inc., allows lawyers to complete, file, and obtain approval - in minutes - for title insurance coverage for a variety of mortgage-only transactions.
The online application guides lawyers intuitively through the application process, and generates all of the required title insurance documentation associated with the transaction. Because the lawyer is working in a live environment, LawyerMortgage.com also provides, in most cases, instant approval of title insurance coverage, and authorizes lawyers to advance mortgage funds to clients in advance of registration.
The benefits of using LawyerMortgage.com for both lawyers and consumers include:
"LawyerMortgage.com is another good example of how TitlePLUS is continually innovating for the real estate bar," says Kathleen Waters, Vice President, TitlePLUS. "This new service significantly enhances the Bar’s competitive position in this critical and very competitive area of mortgage financing."
LawyerMortgage.com also opens the door on a new era in online real estate transactions, adds Ms Waters: "It is the first step towards the future of online real estate deals. We anticipate that the capacity of LawyerMortgage.com will be expanded quickly to incorporate more types of mortgage transactions, as well as additional document generation capabilities."
CAKEsoft Inc. (Computer Assisted Knowledge Engineering) produces a number of application software products that automate high-volume, complex, knowledge-based work in legal practices. CAKEsoft products are designed to increase office productivity while also improving the quality of work done.
TitlePLUS, a one-stop closing package developed by the Lawyers’ Professional Indemnity Company (LAWPRO), has been used by more than 1,500 lawyers to streamline real estate transactions and improve the service and protection that home buyers receive when they buy a home.
TitlePLUS consists of: online software (accessed through Teraview®) that walks lawyers through many of the steps in the closing process of a real estate transaction; and a comprehensive insurance package that insures both title-related risks and the legal services provided by the lawyer in the transaction. LAWPRO is a wholly Canadian-owned insurance company that is licenced to provide professional liability insurance and title insurance in numerous jurisdictions across Canada.
April 30, 2018