SOX News

CentRealTech's 'One Click' Automated Title System Now Available

(Feb 18, 2008)-- Robert Matanane, President and CEO of CentRealTech,  which offers software and technology solutions for the title insurance industry, recently announced the availability of its "One Click" Automated Title System. Mr. Matanane states "it's a complete system for title companies using a computerized title plant to search and retrieve documents, and aside from their automated title plant and document providers, is capable of replacing all other software used to process title files and issue title products."

CentRealTech offers a comprehensive automated title processing system that uses a secured web hosting platform for title companies with access to a computerized title plant.

According to Mr. Matanane, the One Click System uses the customer's title plant and document provider to automatically retrieve pertinent documents, maps, and assessment information within minutes. Files may be submitted individually or in large batches, and every file is "simultaneously" processed with other files, rather than processed sequentially. Additional documents than those automatically assembled by their software's logic can easily be retrieved directly from the title plant indices through their system. The One Click System delivers an electronic title file, yet any portions, or the entire title file, may be reproduced by a single print request. Any document which can be digitized (e.g. documents prior to the automated title plant, work maps, closing packages, Indemnity Agreements, etc.) is easily associated with any file by their system, to naturally development entirely "paperless" files. By eliminating the necessity of a physical file, opportunities to process title transactions from either centers or remote locations of individual users is simplified.

This paperless potential could eliminate, or significantly reduce, costs associated with finding files, printing, file storage, file retrieval, file destruction, and disaster recovery of data. Desirable consumer enhancements, such as hyperlinks to referenced documents which were retrieved through the system, or subsequently associated with the file, are automatically inserted into title product templates generated by their One Click System. These hyperlink benefits can also be transferred from their system into a customer's existing system. The One Click System automatically tracks processing progress in real time, so any other tracking system becomes unnecessary. Preliminary reports and commitments may be amended in seconds, and issuing policies through the One Click System is virtually a by-product of approving the closing. The title company's data is completely maintained within the United States at an SAP certified hosting web center, and resolves many of the title company's Sarbanes/Oxley compliance concerns related to redundancy, disaster recovery, and network access.

Mr. Matanane states "we believe it is the most intuitive, comprehensive, and flexible title processing system currently available. With one click, the user automatically launches a series of complex technology functions. The greatest efficiencies and cost savings come from using it as a complete title processing system, but segments of the system may be used to compliment and enhance any system the customer is currently using. We offer a full array of product options including automated packages of documents for use with the title company's existing systems; partially completed automated foundation products for them to supplement as necessary, complete, and issue; or enhanced automated foundation products our personnel have polished for them to review, supplement as necessary, and issue.

Through the CentRealTech Ultimate Program, a network of experienced and independent title personnel who have been certified to use our software is available for our title company customers to employ on a transaction basis to develop preliminary reports/commitments, believed to be complete, which will be delivered to the title company for their review and issuance. Our One Click System not only offers the most advanced technology, but our business platforms and product options provide the most flexibility for our customers to apply it. Without upfront capital expenditure or long-term obligation, we're convinced our system surpasses the efficiency, speed, and cost savings of any other automated or outsourcing option."

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