Law Firm White Paper Analyzes Insured Attorney Opinion Letters as Alternative to Title Insurance
July 02 2024 - 9:00AM
Alita Group, a technology firm focused on reducing the cost of
homeownership with innovative alternative solutions for the
mortgage industry, is pleased to announce the availability of
AOLPro™, its flagship platform. This SaaS solution enables title
providers to produce insured attorney opinion letters (AOLs) with
efficiency and scale, providing an affordable alternative to title
insurance for consumers and mortgage lenders nationwide.
In response to continuing scrutiny from the title insurance
industry, Bradley Arant Boult Cummings LLP (“Bradley”), a prominent
national law firm specializing in the financial services sector,
has released a white paper analyzing the efficacy of insured AOLs,
particularly Alita’s AOLPro as an alternative to title insurance in
the modern mortgage market. Bradley asserts, “the AOLPro wrapped
with the MSP E&O policy and coupled with a closing protection
letter does address significant title-related risks, including the
most commonly encountered title risks, and is poised as a viable
option in the modern real estate and mortgage lending landscape.”
Read the white paper.
“Bradley’s analysis validates the insured AOL as a viable
alternative to title insurance,” said Stacy Mestayer, President of
Alita. “After years of effort to garner agency and lender
approvals, we are proud to offer a turnkey solution at Alita that
gives lenders and agents the opportunity to gain market share with
an innovative, cost-effective solution that paves the way for more
affordable homeownership.”
Fannie Mae, Freddie Mac, and the Veterans Administration have
approved the use of AOLs as an alternative to title insurance.
Alita’s AOLPro is available nationwide through strategic
partnerships with lenders and approved service providers. For more
information, visit alitagroup.com.
About Alita Group Alita Group
is pioneering a new era in homeownership with its AOLPro™ platform,
the only solution on the market that enables the scalable and
consistent production of insured attorney opinion letters (AOLs) as
an affordable alternative to title insurance. As the original
architects of the insured AOL, the Alita team shares a
long-standing commitment to making homeownership more affordable by
lowering closing costs for consumers. With AOLPro, Alita empowers
homeowners and lenders to choose how best to protect their most
valuable assets. To learn more, visit alitagroup.com.
Contact:Stacy MestayerPresident
stacy@alitagroup.com