Portland, OR November 30, 2015 Williston Financial Group (“WFG”) has introduced west, a wholly-owned subsidiary the sole focus of which is streamlining and enhancing the entirety of the mortgage and real estate transaction through technology-enabled services and processes. The Williston Financial Group family is one of the nation’s fastest growing real estate service providers.
According to Steve Ozonian, Chairman of the Board for west, the core concept is based upon the use of technology in combination with innovative, flexible processes. The company is comprised of high impact technology solutions and flexible service providers across the mortgage and real estate transaction working to re-imagine an otherwise cumbersome, multi-touch real estate process from origination to closing.
“The amount of time and effort it takes to complete a real estate transaction today is bloated and unnecessary,” said Ozonian. “The process most used today is a disjointed combination of ad hoc procedures grounded in regulation, outdated concepts and blind allegiance to the concept of ‘what we’ve always done.’ The technology and capability exists right now to trim significant time, cost and redundancy from the transaction, which is what west has been built to do.”
West will operate under its Transaction Integrated Processing System® (TIPs) philosophy to use technology and process to connect stakeholders around a transaction to ensure that every system and application is connected under the proper business and regulatory requirements.
The company’s ultimate goal is to improve the entire transaction for Realtors, lenders, title companies and the consumers who will receive transparency during their transactions.
“There is no acceptable reason for the number of isolated parties using isolated processes and ineffective technology when it comes to originating and closing a mortgage,” said Patrick Stone, Chairman and CEO of Williston Financial Group. “As an industry, we are ignoring numerous potential answers to the challenge of shortening the process, making it less labor intensive and reducing the opportunity for error. West is about improving process, communications and results using the most effective combination of technology, process, innovation and people.”
For more information, go to www.poweredbywest.com.
About Williston Financial Group
Williston Financial Group is the Portland, Oregon-based parent company of several real estate services and national settlement services providers, including WFG Lender Services, Valutrust Solutions, LLC and WFG National Title Insurance Company. It is one of the fastest growing and unique real estate services providers in the mortgage industry.
WFG National Title Insurance Company, a Williston Financial Group Company, is a national provider of premium title insurance and settlement services to the real estate and mortgage industry. The fastest growing national title underwriter, the WFG family was the nation’s sixth largest provider of title insurance after 1Q, 2015. (Based upon market share. Source: American Land Title Association http://www.alta.org/industry/financial.cfm). WFG National Title also delivers a wide variety of residential and commercial mortgage lender services, including default and real estate owned transactions. The company enjoys a Financial Stability Rating® of A′ (A prime) as assigned by Demotech, Inc. Built around the directive to “communicate, collaborate, coexist,” WFG National Title Insurance Company is committed to applying a new philosophy to the traditional mortgage and real estate industry, working to meet the changing needs of its clients, agents and associates. For more information, please go to www.WFGNationalTitle.com.
West, a wholly-owned subsidiary of Williston Financial Group, is a network of technology and service groups designed to streamline and enhance the entirety of the mortgage and real estate transaction through technology-enabled services and processes.
WFG Lender Services is a provider of premium title, closing and settlement services in all 50 states for mortgage lenders of all sizes. The company fields national processing offices in Texas and California, and delivers a wide variety of residential and commercial mortgage lender services, including title insurance, closing, escrow and more.
Valutrust Solutions, LLC, a Williston Financial Group company, provides vendor management technology and appraisal management services to banks and mortgage lenders throughout the United States.
Built around the directive to “communicate, collaborate, coexist,” Williston Financial Group is committed to applying a new philosophy to the traditional mortgage and real estate industry, working to meet the changing needs of its clients, agents and associates. For more information, please go to www.WFGNationalTitle.com or www.WFGLS.com.