Last update: March 20, 2018
Media Release archive
TitlePLUS® launches online title insurance application at LawyerDoneDeal.com
Toronto, ON: TitlePLUS today announced the launch of a new Website that will let lawyers complete and file, online and in real time, a Web-based application for title insurance coverage for their residential purchase transactions, saving their clients both time and money.
LawyerDoneDeal.com will be used by lawyers participating in the TitlePLUS New Home Closing program (also known as GoodStart™), an all-inclusive closing package* for new development homes and condominium projects. However, other TitlePLUS subscribers can also apply for coverage using the site.
The new Website is a collaboration of LAWPRO's TitlePLUS program and LawyerDoneDeal Limited Partnership (LDD), a private limited partnership that is affiliated with CAKEsoft Inc.
What separates LawyerDoneDeal.com from technology initiatives of other title insurers is the underwriting "intelligence" that is built into the Web-based process. Unlike other "online" applications, which create an e-mail form or request at the insurer's end that must be reviewed personally from an underwriting point of view before the application is approved, LawyerDoneDeal.com is fully automated, providing in most cases instant approval for title insurance coverage.
"LawyerDoneDeal.com gives the lawyer complete control over policy issuance and eliminates the time it takes for someone to review and approve the title insurance policy application. This feature alone puts LawyerDoneDeal.com at the leading edge of what is happening on the technology front for real estate lawyers," explains Kathleen Waters, Vice-President of TitlePLUS.
In addition to this instant approval process, LawyerDoneDeal.com offers lawyers and their clients a number of other benefits, including:
"LawyerDoneDeal.com is an idea whose time has come," says Kathleen. "The explosion of Web-based tools and resources, and the widespread adoption of technology by the real estate bar, make moving the real estate transaction onto the Internet a viable proposition - for the real estate bar and for TitlePLUS."
Using a Web-based processing system for real estate transactions also facilitates the introduction of TitlePLUS across Canada, adds Ms. Waters. TitlePLUS is currently available in Ontario, Newfoundland, and New Brunswick, and is licensed in Prince Edward Island, Nova Scotia, Manitoba and Alberta; LAWPRO plans to make an Internet-based TitlePLUS system available to as many lawyers across Canada as possible in the coming year.
LawyerDoneDeal Limited Partnership (LDD), a private limited partnership that is affiliated with CAKEsoft Inc., is implementing a web-based transaction processing system that will rationalize and integrate residential purchase, sale and mortgage transactions.
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. LAWPRO is a wholly Canadian-owned insurance company that is licenced to provide professional liability insurance and title insurance in numerous jurisdictions across Canada.
November 29, 2001
* GoodStart lawyers provide their clients with an all-inclusive, economically priced closing package which includes: a lawyer's services, most disbursements, a simple will (from participating lawyers), and a TitlePLUS title insurance policy.
TitlePLUS® and GoodStart™ are registered trademarks of Lawyers' Professional Indemnity Company (LAWPRO).
Teraviewâ is a trademark of Teranet Inc.
TitlePLUS® and GoodStart™ are registered trademarks of Lawyers' Professional Indemnity Company (LAWPRO). Teraviewâ is a trademark of Teranet Inc.
April 30, 2018