Charles Jones
Stay ahead of your game with Patriot Name Searches
Developed to provide direct access and rapid, accurate results, the interface allows title companies with access to a Patriot Name Search provider. The Closing Market interface submits the order to a set of Web services available from Charles Jones, a principal provider of title search services. When the name search is complete, the title company receives a PDF document that includes certification and search results. In most cases, results are received within minutes.
When the name search is complete, the title company receives a PDF document that includes certification and search results. In most cases, results are received within minutes.
All title companies are required to perform these searches as part of their title search process to comply with White House Executive Order 13224 and the USA PATRIOT Act. Names are checked against the Treasury Department’s Office of Foreign Assets Control (OFAC) list of Specially Designated Nationals (SDN) and Blocked Persons, people blocked from participating in “any transaction or dealing … in property or interests” within the United States. The Patriot Name Search interface provides certified proof of the search, which makes it easy for settlement services industry professionals to demonstrate that identity verification requirements related to federal guidelines have been met.
The RamQuest Advantage
Title companies using RamQuest’s Complete Closing™ production system can automatically order certified Patriot Name Searches from a “drop-down” menu, and the the relevant information is automatically populated into the order. The practical advantage is that the need to open a second window or program to place the order is eliminated—saving time and decreasing the potential for mistakes.With this interface, RamQuest software users do not have to exit the order or the Complete Closing™ system to access the Patriot Name Search, and do not have to re-key names.
About Charles Jones
For more information on Charles Jones, go to www.charlesjones.com.