reQuire Real Estate Solutions Revenue and Competitors

reQuire Real Estate Solutions provides a unique solution to an epidemic problem within the real estate settlement services industry. According to an article published by the American Land Title Association (ALTA), title problems were found in over 36% of all real estate transactions. Most of the problems were related to post-closing releases and/or obtaining payoffs for prior first and second mortgages. Better than any competing alternative, reQuire enables its customers to close files faster, obtain quicker remittance on title policies, ensure lenders comply with statutory requirements, and eliminate the direct cost of follow-up work on closed files. reQuire's primary service is Release Tracking & Reporting. As the leading lien release tracking and reporting service in the real estate settlement services industry, our goal is to help settlement companies and law firms improve operations and increase profitability by providing a no-cost solution. The lack of lenders' statutory compliance and the inconsistencies in lien release-reconveyance methods among states and courthouses has created an ongoing and costly problem for settlement agents in tracking and reporting the release of property liens. Settlement agents are burdened with the task of file cleanup many months after a transaction has been closed. reQuire's Internet-based release tracking services relieve this burden from settlement agents and allows them to spend their time on more profitable, revenue generating tasks.