Lenders Transforming Mortgages with Lower Closing Costs

Gaining a competitive edge to close more purchase and refinance mortgage businesses has never been more challenging.

As the cost of borrowing money increases, prospective borrowers' leading objections to moving forward with a mortgage are closing costs and interest rates. Loan officers cannot control interest rates, but there is an opportunity to reduce closing costs while ensuring the Lender’s loan is insured appropriately.

The most significant single closing costs are the Owner’s and Lender's Title Insurance Policy Premium.
That is where we come in.

Owner and Lender Coverage Simplified

Our TenX Guaranty (Insured Attorney Opinion Letter) offers your institution comprehensive Owner and Lender Coverage at substantial savings to your customers.

Save More with TenX Guaranty TenX Guaranty Highlights:

  • Residential and Commercial

  • Up to $ 1m

  • Coverage for the Life of the Loan (Lender and Borrower)

  • Flat Rate Policy regardless of loan amount or geolocation

  • Includes FRAUD COVERAGE

  • Accepted by…

  • Nationwide Average reduction of 55% Purchase 37% Refinance

  • Streamlined Title Clearing and Closing Process = faster turn times

    • Click to the button below for a State-by-State Purchase and Refinance Fee Comparison Table

FAQ

What is an Attorney Opinion Letter (AOL)?
An attorney opinion letter, also known as a title opinion or opinion of title, is a legal document provided by a qualified state-specific real estate attorney. The AOL offers a professional analysis of a property's title records, identifying potential issues or defects. It concludes with the attorney's determination the title is clear and marketable, thereby assuring buyers, lenders, and other parties involved in the transaction that the real estate transaction may move forward, and an insurance policy designed to indemnify the homeowner and lender against potential losses arising from title defects, further protecting their interests
Title insurance is indemnity insurance that protects against financial loss from defects in the title to real property and the invalidity or unenforceability of mortgage loans. It is commonly used in real estate transactions to protect the buyer and the lender.
Both the homeowner and lender can rest comfortably knowing their insurance policies are backed by an A+-rated underwriter, as rated by AM Best.