LoanMarket.NET, an online marketplace for buying and selling real estate-secured note investments, has partnered with First American Title Insurance Company, a subsidiary of The First American Corporation family of companies, to offer buyers and sellers an integrated third-party solution for title insurance and closing settlement.
"We’re very excited to offer our buyers and sellers an integrated title and escrow solution from First American, one of the most trusted names in the title insurance industry," said Jeff Freud, founder and president of LoanMarket.NET. "Their proven technology, expertise and nationwide reach will ensure LoanMarket.NET customers a seamless title and settlement process."
The First American partnership provides LoanMarket.NET and its users with a single source for accurate, efficient and cost-effective title and settlement services nationwide. "First American is honored to be chosen as the settlement service provider for LoanMarket.NET’s innovative business platform," stated Vincent Foley, vice president of First American Title Insurance Company. "We believe that our centralized national solution is a perfect fit for buyers and sellers operating in an online marketplace environment."
LoanMarket.NET is designed to offer both existing note investors and those interested in investing in this asset class for the first time unprecedented access to the market. Since its launch, LoanMarket.NET has empowered both buyers and sellers of notes by creating a neutral, open marketplace that brings price discovery, transparency and efficiency to the traditionally opaque secondary market for real estate-secured investments.
For more information, visit www.LoanMarket.NET or www.firstam.com.