Making the real estate industry more efficient

Industries

Till date, String has delivered over 10 million title and mortgage transactions and stands out by virtue of its phenomenally fast turnaround times.

For nearly a decade, String has been single-mindedly focusing on making the American real-estate industry more efficient. Given its focus, String has been a provider of end-to-end specialized services and solutions targeted at the Title Insurance and Residential Mortgage Lending industries.

The cyclical nature of the American real estate industry – due to its sensitiveness to interest rate fluctuations – allows the best of lenders to close no more than 60 to 70% of originated loans on a monthly basis. This cyclical nature of the markets also causes a huge variance in buying behavior, with sudden influxes in volume and equally sudden drops. As a result, title agents are burdened with crippling fixed costs due to a huge wastage of permanent resources; the variance also exerts a very high pressure on their installed capacity for meeting turn time commitments.

String’s outsourced title mortgage services provide its customers with high-quality, easy-to-use products that help them offset their fixed costs. Clients pay only on a per transaction basis without any minimum guarantee, and String’s 100% variable pricing model helps them to avoid the burden of fixed overhead expenses. Furthermore, String’s “inch-wide mile-deep” focus ensures that its personnel are fully conversant with the mortgage/title industry processes.In order to handle increased volumes, the String team is always in a state of readiness to scale up –there are several instances when we have gone live in less than two hours. Thus, String imparts a level of efficiency to title mortgage services that help its clients meet their turn time commitments and sustain their market competitiveness.

String’s clients include Title Agencies, Underwriters, Settlement Companies, VMCs, Residential Mortgage Lenders, Realtors, and Title Plants.

“Inch-wide Mile-deep” Focus

String is among a handful of global service providers who focus exclusively on the American real-estate industry. It is this single-minded presence of nearly a decade in the industry that has given String a focus it calls “inch-wide, mile-deep”; a focus that has helped it amass a staggering amount of knowledge and obtain invaluable exposure to the Title Insurance and Residential Mortgage industries. The String team is comprehensively trained and collectively has over 5 million person years of experience in the areas of Title Insurance and Residential Mortgage.

Centers of Excellence (CoE)

String has carefully crafted Centers of Excellence (CoE) to closely monitoring industry trends and develop frameworks, tools, process designs, and proof-of-concepts for process optimization.

Search & ExamCurative ServicesLoan ProcessingTitle Plant Building

String’s depth of experience and knowledge in the Title Insurance & Residential Mortgage industry ensures that it stands out by virtue of its phenomenally fast turnaround times. String provides high-impact solutions even in areas that are otherwise considered outsourcing unfriendly because of the high level of domain expertise they demand.

Industries

Company Highlights

6 of String’s earliest clients6 of String’s earliest clients
String re-certified under ISO 27001 standards and controls
String has been recertified under ISO 27001 standards and controls as of May 23rd 2014 after its first certification in 2011.
String has been maintaining the standards and controls of Information Security Management System (ISMS) to ensure that data security and privacy of its customer’s data are well protected with the help of ISO 27001 standards.
String outperformsString outperforms
String is a Minority-Owned Business Enterprise with certifications from both the SBA 8(a) and the NMSDC
String, with nearly a decade of specialized experience, is a leading provider of Title and Mortgage Solutions to the American real-estate industry.
Ability to handle bulk orders at short noticeAbility to handle bulk orders at short notice
String attains SSAE 16 attestation
String has successfully attained the Statement of Standards on Attestation Engagements (SSAE) No. 16 SOC 1 Type 2 audit. The SSAE 16 SOC 1 Type 2 audit required a rigorous and in-depth assessment of the internal controls, policies, and procedures related to all of String’s services and facilities.

 
certified Minoritycertified Minority
The star performer in a multi-vendor field
For the third year in succession, String has bested the quality score card of a large VMC for its rigorous training regimen and quality control processes.
Largest processorLargest processor
One of the largest processors of tax certificates
In the first three quarters of 2013, String has processed over 250,000 tax certificates, maintaining 99% quality ratings, even in states where the process is more complex and unique.
3 of String’s earliest clients3 of String’s earliest clients
Repeat sign-up by three of String’s earliest clients for the seventh year in a row
String prides itself on its ability to work as an extension of its clients; this translates into a high Net Promoter Score amongst its clients, and a client retention rate of over 97%.