Online Records & Digitization of Title Search
Now, many jurisdictions have digitized their property records, making them available through online databases. With just a few clicks, title researchers can instantly find decades’ worth of liens, plat maps, deeds, and more.
This vastly speeds up the research process! But that’s not all that AI has helped to dramatically improve. Mapping and visualization tools have also taken a welcome step into the 21st century.
Sophisticated Software for Title Search
For repetitive title search tasks, artificial intelligence and automation is now being used. For example, machine learning algorithms can extract and structure key data from documents, identifying title defects faster than humans!
Certainly, AI can’t completely replace human expertise, but it what can do is enhance the work of title professionals.
Mobile Technology in Title Research
This, too, helps to speed up the research process, but it also helps to provide visual context.
Blockchain for Title Search
And that’s a good thing! This technology benefits the real estate industry by reducing transaction costs and speeding up closing timelines.
To be sure, AI and other technological advances cannot fully replace the expertise of skilled title researchers. Instead, it is transforming title researchers work for the better.
Leveraging these innovations, helps drive progress in a title industry that was historically paperbound, and allows for quicker closings!
When you’re ready to close on your new home, turn to Lilly Title & Settlement Company. We’re a woman-owned title and settlement company in Staunton, VA. We’ll get your property closed quickly, efficiently, and accurately!