Why we’re different
Final Trac makes sure your discharges and assignments are recorded timely and correctly.
We will track ANY lien that needs to be released.
Access to your Account 24/7.
Monthly reporting.
Settlement Release Tracking
Whether the transaction is a Sale, Purchase, or Refinance, our Settlement Release Tracking Services should be utilized, and include the following: At any closing transaction where a mortgage, or other lien is being paid off, we track the paid-off note/lien and ensure that a proper and timely release of mortgage/lien is prepared, delivered, and recorded in the appropriate land records.
Here are some of the functions that Final Trac personnel perform after the release has been recorded:
- Obtaining the original recorded release;
- The entering all of the relevant recording information onto our website, which is immediatley accessible to our clients;
- The uploading of a viewable/savable/printable pdf. version of the recorded release onto our website; Add this file to our individual monthly report that gets emailed to all of our clients informing them of any activity on their account; and
- Return the original recorded release in an envelope to the borrower.
By hiring Final Trac to perform your Release Tracking, you accomplish three very important goals:
- You and your staff no longer have to undertake the Release Tracking burden;
- You pay nothing for the service, as it is a very reasonable pass-through cost to the borrower; and
- You pass on any liability stemming from the release tracking to Final Trac, as we will indemnify you on any and every file for which we have undertaken the Release Tracking.
