Released on: October 6, 2008, 11:37 am

Press Release Author: Alex Kachanov / CentRealTech, Inc.

Industry: Real Estate

Press Release Summary: Web Based Automated Title Production Systems Provide
Immediate Savings and Efficiency

Press Release Body: EL DORADO HILLS, Calif. – CentRealTech Inc. announced today that
they have released an Industry White Paper which presents a compelling case for the
implementation of a Web based, automation solution for the labor intensive Title
Production Process used by most title companies today. The title industry is going
through one of the toughest times in its history with the direct impact of the
housing slump, the subprime mortgage collapse and the regulatory/consumer group
pressures to reduce premiums. As the industry’s revenue base has eroded, companies
have reacted by reducing resources and outsourcing title production to both domestic
and international Business Process Outsourcers (BPOs). Despite this, most of the
major title companies have not been profitable for sometime. Technology is the
catalyst to help drive this industry to new ways of becoming innovative and
implementing new processes that improve timing, productivity, and economics.

“In today’s fiscal environment, where title companies find themselves under
tremendous pressure to reduce cost, to not only be competitive but to survive, the
implementation of an automated solution is inevitable,” said Robert Matanane,
President and CEO of CentRealTech. “The right Web based solution can cut the
processing time of orders in half and can provide the convenience of locating all
applicable documents, images, product templates, write-up codes, etc. in one system
location allowing for an efficient one seat process for title production and
creation of title products. The benefits and cost savings go beyond labor
efficiency, and include the reduction of claims, elimination of the cost to create
and store title files, and the ability to provide digital information to others
easily. Also, implementing automation utilizing a Software as a Solution platform
provides 24/7 access to the system with virtually no up front capital investment -
orders are paid for only as they are processed ensuring an excellent Return on
Investment for the title company.”

There are few Web based solutions for the automation of the Title Production Process
available in the marketplace today. When considering a change to a Web based
solution, your requirements should include important features such as:


• A Software as a Service solution, including pay per transaction pricing.
• Automated interface to existing systems, allowing data import and export.
• Submit orders individually or in batches via account access over the internet or
via an email.
• Automatically assemble title chain, related documents & images and initial draft
of preliminary report and commitment to create a digital (paperless) file that is
available 24/7 from anywhere via the internet.
• Customized underwriting guidelines, write-up codes, product templates, policy
endorsements, etc.
• Populate title products with appropriate text from images using OCR technology.
• Ability to upload other digital documents from disparate systems or files and
hyperlink those documents where appropriate.
• Production of any title products including Policies and Endorsements.
• Hyperlink referenced documents and images in all title products.
• Easy creation of PDF documents or hyperlinked PDF documents to allow for
distribution to applicable parties – real estate broker, escrow agent, homeowner,
lender, attorney, etc.
• Available professional services for title production outsourcing and operations
consulting.

The White Paper can be downloaded from the CentRealTech website at
www.centrealtech.com.

About CentRealTech

CentRealTech, Inc. provides an automated, single seat solution for the Title
Insurance Industry delivered over the internet as a Software as a Service solution.
The powerful One Click System virtually automates the title production process,
enabling title companies to effectively and efficiently process title orders.
Founded in 2007, CentRealTech is a privately held software/technology company
located in El Dorado Hills, CA that specializes in products and services for the
title insurance industry and its real estate and lender customers.


Web Site: http://www.centrealtech.com

Contact Details: Robert Matanane
CentRealTech, Inc.
Cambria Way, El Dorado Hills, CA 95762
916-273-9573
robert(at)centrealtech.com
www.centrealtech.com