Financial Institutions come to Teranet for
- Fraud mitigation tools
- Web-based risk management services
- Transaction management services
- Software for online property information and mortgage document registration
- Valuation services
- Access to province-wide writs of execution databases
You need access to information so you can validate data, establish collateral, mitigate fraud and make better mortgage underwriting and insurance decisions. As a trusted provider to the financial services industry, Teranet’s solutions include automated property valuation tools, fraud mitigation and other risk management products* together with land title search and registration services to institutions across Canada.
You benefit from our ten years of experience deploying electronic service delivery for government and our experience with over 100 institutions in the financial services industry. Teranet understands the demands you face and the e-services solutions you require to help meet your challenges – head-on.
Our solutions
No solution should be static; it should evolve and expand. That’s why we develop e-services by anticipating and promptly implementing change. That way our solutions are always as dynamic and hard working as you are.
Online property information and transactions
The demands on mortgage lenders to access information are unprecedented. That’s why Teraview software has gained such popularity throughout the industry.
For properties available through the Ontario automated Land Title database, Teraview software lets you search title, prepare and submit for registration mortgage related documents with ease, speed and security. Operating from your own desktop, Teraview software offers an indispensable roster of services geared towards helping you make more informed decisions and economize your time, effort and budget.
Protect your interests
Mortgage fraud, identify theft, title fraud, misrepresentation and professional misconduct are all on the rise. If you want more information about the professionals and companies you’re doing business with, use REDX – the Real Estate Data Exchange.
With just one search, eligible subscribers receive information from across Canada from over 80 regulatory sources and the non-public information submitted by REDX service subscribers. It makes tracking simple. You search once and REDX service does the rest. You don’t check for updates – the updates come to you.
As a subscriber you can perform background checks on professionals or firms, periodic reviews of real estate or mortgage professionals with whom you do business and quality control investigations on loans containing inconsistent information. You’ll be able to make due diligence an ongoing part of your process so you can put the focus back on your business.
Flag the risk
Purview Risk Management Services from Teranet provide lenders and insurers with the competitive advantage they need to assess the risk associated with a particular loan. Using a suite of proven transaction-based tools, you can quickly evaluate the potential risk by applying robust fraud detection tests using title records. Establish property value using property and neighbourhood specific sales information and evaluate equity availability for lending purposes quickly and easily.
Available in Ontario, Alberta, Manitoba, Quebec, British Columbia, Nova Scotia and Newfoundland, Purview Risk Management Services provide the speed and cost-efficiency that you are looking for. Mitigate fraud exposure and expedite loan processing by increasing cost-effectiveness during origination, underwriting, loss mitigation and collections.
For more information on Teranet’s solutions for financial institutions, contact us at 416-643-1082.