An attorney opinion letter that combines the strength of a legal opinion with the efficiency and scalability of a data-driven title review.
Full-Coverage Title Insurance Alternative
For as long as real estate transactions have been documented in the United States, legal opinions have been used to confirm marketability of title. Voxtur’s AOL program combines sophisticated analytics with legal expertise to create attorney opinion letters with accuracy and scale.
Using a Voxtur AOL saves the consumer a considerable amount in closing costs. In some cases, the savings is as much as an entire mortgage payment.
A Voxtur AOL is generated using a patent-pending process that combines VoxturVerified™ technology with attorney work product.
Every Voxtur AOL is backed by transactional liability insurance that covers the full amount of the loan for the life of the loan and is issued by an AM Best A rated carrier.
Voxtur AOL is built to work together with existing processes, including LOS integrations and settlement processes, and is issued within existing lender SLAs.
“Our title insurance alternative immediately and directly reduces closing costs, opening the door to homeownership a little wider for more Americans.”
Attorney Opinion Letter
Voxtur AOL combines the strength of a legal opinion with the efficiency and scalability of a data-driven title review.
Compare Attorney Opinion Letter Features
Voxtur’s fully insured Attorney Opinion Letter against the competition.
Voxtur AOLIn the News
Attorney Opinion Letters: The Risk of Not Offering an Alternative
In recent months, many have been highly vocal in opposing the introduction of an alternative title product. However, in the article below, Voxtur CEO Jim Albertelli reviews why this type of opposition is misguided and shortsighted without a complete understanding of the AOL product in all its variations.
Lowering Member Closing Costs For the Win
While mortgage rates and home prices are factors that fall outside of our control, member closing costs are part of the equation that credit unions can influence. If a credit union can help reduce a member’s closing costs, then it can help more members qualify for mortgages and better position them to succeed in managing the loan.
Top Mortgage Bank and Nonbank Servicer to Offer Voxtur AOL™
Voxtur announces that a top five mortgage servicer and top 20 bank will begin offering Voxtur AOL in the first quarter of 2023. Voxtur AOL is an alternative to title insurance that can save home buyers 20% to 70% on the cost of title coverage, reducing closing costs by hundreds, if not thousands, of dollars.
Some commonly asked questions and answers about using Voxtur’s Attorney Opinion Letter as an alternative to Title Insurance.