New LEVERAGE acquisition gives credit unions full-service title access through trusted alliance with Common Bond Title
BIRMINGHAM, AL (October 30, 2020) — LEVERAGE, the service corporation for the League of Southeastern Credit Unions & Affiliates, is pleased to announce the acquisition of Alabama-based Common Bond Title, which will offer credit unions a streamlined experience with obtaining real estate title and closings for their member loans. Common Bond Title is recognized in the industry as having the experience to meet or exceed the compliance guidelines that are required of lenders.
As credit unions know, title insurance is the protection of property rights for real estate owners and lenders against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property. Each title insurance policy is subject to specific terms, conditions and exclusions.
“With the acquisition of Common Bond Title, LEVERAGE now has a much-needed specialists in title work readily available to serve our credit unions,” said Steve Willis, President of LEVERAGE. “Credit unions can enjoy peace of mind and efficiencies by working with Common Bond Title, which is fully TRID compliant and protects lenders’ interests against any title defects. Common Bond Title carefully reviews credit union instructions and ensures that all documents are executed in a timely fashion offering peace of mind to mortgage staff.”
With Common Bond Title taking charge of the back-office details and technicalities, it frees up credit union staff to assist members and manage operations, saving credit unions time, money and resources. One LSCU affiliate has a long-standing relationship with Common Bond Title and attests to the effectiveness of its services.
“Common Bond Title has been an excellent solution for APCO Employees Credit Union since 2012,” said Derrick Ragland, president/CEO of APCO Employees Credit Union. “Their attention to detail and responsive member service have proved invaluable as we developed our real estate portfolio. Their experience in the industry combined with their commitment to compliance have made CBT the ‘go-to resource’ for our mortgage department personnel.”
This reliability includes a single point of contact for services; full service on every transaction for all titles, closings and document preparation; timely and accurate title commitments; title clearing work done automatically with members; decreased credit union employee time in processing applications; superior communication; and knowledgeable and professional staff.
National underwriters for the organization are Fidelity National Title Group, First American Title Insurance Company, Old Republic National Title Insurance Company and Stewart Title Guaranty Company.
LEVERAGE partners and owns preferred, best-in-class solutions providers to equip credit unions with the products and services to grow their financial institutions.
About LEVERAGE
LEVERAGE, the Service Corporation for the League of Southeastern Credit Unions & Affiliates, is the business services provider that leverages credit union system resources, relationships, and industry knowledge for optimal performance and sustained growth of its clients and business partners. We work to offer credit unions best-in-class products and services that result in reducing costs, maximizing results, and making the most difference. For more information, visit MyLEVERAGE.com or follow LEVERAGE on Facebook and LinkedIn.
