AOLPro

Appeal to Today’s Borrowers with a
Smart Alternative to Title Insurance

Stand out in a competitive market with AOLPro. Offering our insured attorney opinion letter helps you attract today’s cost-conscious borrowers, saving them $1000 on average.

Trusted By:
Everyone is fighting for business in this market

If you can offer a more cost-effective solution that brings someone new to the table, why wouldn’t you?

The AOLPro platform enables existing title and settlement providers to produce white labeled, fully insured attorney opinion letters at scale. The AOLPro integrates seamlessly with existing processes to enhance operational efficiency, ensure compliance, and provide a cost-effective alternative to title insurance.

Plug and Play AOL Solution

A turnkey solution that leverages GSE-compliant letter templates, an experienced national attorney network, customized workflow, and comprehensive insurance to issue fully insured attorney opinion letters.

Lower Closing Costs

Less expensive than title insurance in many places, saving homeowners an average of $1000 in closing costs. That is money back into the pocket of the consumer.

Streamlined Integration

Utilizes existing processes and integrates with major loan origination and title production systems to ensure a seamless transition with minimal disruption.

Life of Loan Coverage

Coverage that travels through the secondary market, regardless of how many times the loan is sold. With buyback coverage that protects against losses in the secondary market, a unique feature that traditional title insurance doesn’t offer.

Simple Claims Process

Facilitates a more straightforward claims process supported by AM Best A Rated insurance carriers, eliminating inefficiencies created by the traditional title insurance agency model.

Competitive Advantage

The first risk-neutral title insurance alternative that aligns cost with risk, allowing you to offer a more competitive product and gain additional business.

AOLPro’s Undergo a Thorough Review Process Similar to Traditional Title Policies

We’re pulling the same information, the same data. It’s being put into the title production system in the same way. And then when it’s mapped over into AOLPro to produce the AOL, the checklists are embedded in the system and it’s a question and answer process that both the title provider and then the attorney go through to verify that all the information is correct.

Streamlined Closings and Robust Legal Support

How AOLPro Works

Explore the AOLPro workflow, from order intake to recording. This detailed overview illustrates how AOLPro seamlessly integrates with existing processes and systems to ensure a streamlined production process.

Step 1
Title Production Teams | AOLPro Platform

AOLPro Production

The AOLPro process begins with API-driven data aggregation from multiple sources, including title data, public record data, and tax records.

This is followed by data processing, which may be automated depending on client integration capabilities, and thorough search and exam procedures to generate a Preliminary AOLPro Report.

Our comprehensive review process ensures that each Preliminary AOLPro Report is accurate and compliant.

  • Eligibility Review
  • Order Opening
  • Title Search
  • Tax Review
  • Title Examination
  • Preliminary AOLPro Report Issued
Step 2
Title Production Teams | AOLPro Platform

Curative Process

Once the preliminary review is complete, any gaps or issues in the chain of title are addressed using task-based curative processes that are embedded in the AOLPro Platform.

Once any issued are cured, an updated AOLPro is generated and a quality control review is completed.

  • Assessment and Grading
  • Issue Identification
  • Curative Processes
  • Updated Preliminary AOLPro Report Issued
Step 3
Title Production Teams | AOLPro Platform

Attorney Review

After the Lender’s Closing Instructions are received, the Final AOLPro Package undergoes a detailed, checklist-based review process by an experienced attorney.

This ensures that all requirements have been met and that the AOLPro is accurate, complete, and compliant. Once the attorney review is complete, a conditional AOLPro is issued.

  • Lender Closing Instructions Received
  • Checklist-Based Attorney Review Process
  • Attorney Approval
  • Conditional AOLPro Issued
Step 4
Closing and Post-Closing Teams | Traditional Closing Platform

Closing Process

Closing documents are packaged and prepared for signature.

Closing, settlement, and escrow processes are completed, aligning with existing expectations and SLAs.

  • Closing Document Preparation
  • CD Preparation and Balancing
  • Assignment of Notary/Attorney for Closing
  • Execution of Closing Documents
Step 5
Closing and Post-Closing Teams | Traditional Closing Platform

Post Closing

Once the closing documents are signed and a post-closing QC check is performed, the Final AOLPro is issued.

Even though the AOLPro provides coverage through the time of recording, there is no need to wait for the recorded documents to issue the Final AOLPro.

  • Executed Closing Documents Received
  • Disbursement Process
  • Final AOLPro Issued
Step 6
Closing and Post-Closing Teams | Traditional Closing Platform

Recording

Once the post-closing QC is complete and the Final AOLPro has been issued, closing documents are sent for recording and the AOLPro is reported to the insurer. This is the final step to ensure that you are fully covered with an AOLPro.

  • Document Recording
  • Disbursement Process
Happy couple receiving keys to their new home from realtor, symbolizing savings from choosing an attorney opinion letter over traditional title insurance.

I think we’re going to see a lot of savings for the borrower, a lot of reshuffling in the capital markets, and reshuffling in the traditional title insurance space.

Alex Goldovsky
ProTitleUSA

If you’re not providing AOLPro, you’re losing business.

AOLPro Coverage Comparison

Not all AOLs are created equal. Unlike traditional options, our modern, insured AOLPro offers coverage comparable to title insurance, protecting homebuyers, lenders, and future investors alike.

Features, Coverage, & Protection
AOLPro
TitleInsurance
Available for purchase and refinance transactions
Combined coverage for lender, homeowner, and investor in a single letter
Flat fee for all coverage
Buyback coverage in secondary market transactions
Low-cost coverage aligned with risk
Simple, reliable claims process
Coverage up to full purchase price or loan amount
Coverage for life of loan
Coverage by A.M. Best A rated insurance carriers
Protection against borrower fraud
Closing Protection Letter
Coverage through date of recording (“Gap Coverage”)
Duty to defend by insurer
Everything you need to produce insured AOLs at scale

Cut Costs, Not Coverage.

It’s simple and convenient to implement, ensuring a seamless process from start to finish. AOLPro can be integrated in multiple ways to suit different lending needs:

1

Existing Providers

Onboard your current title and settlement service providers to the AOLPro platform and continue assigning work to them.

2

Captive Title Agency

Use the AOLPro platform with your own captive title agency to streamline your processes.

3

Alita Network Providers

Leverage our network of approved national and regional service providers already on the AOLPro platform for seamless integration and service delivery.

Premier Service

Exclusive Benefits for AOLPro Licensed Providers

Join the elite group of AOLPro licensed providers and gain access to exclusive resources designed to enhance your service capabilities and streamline your operations. Experience the Alita difference with specialized support at every step.

Technology Helpdesk
Dedicated Attorneys
Claims Filing & Payment

Frequently Asked Questions

What sets AOLPro apart is that each attorney opinion letter is backed by insurance issued by an A.M. Best A-rated insurance carrier and provides protection for the full amount of the loan for the life of the loan. AOLPro coverage also includes borrower fraud protection, gap coverage, a closing protection letter, and secondary market buyback coverage. Buyback coverage is exclusive to AOLPro and not included with title insurance.

AOLPro is available for use in purchase and refinance transactions in all 50 states. Currently available on loans up to $1M, AOLPro provides coverage for the lender, borrower, and investor, including secondary market buyers. In fact, Fannie Mae has already accepted more than 10,000 loans with an attorney opinion letter instead of title insurance and none have been repurchased for title-related issues.

Yes. AOLPro protects against borrower fraud and comes with a CPL to protect against fraud in the settlement process. In fact, the CPL coverage provided with the AOLPro extends for two years, compared to only one year of coverage provided with traditional title insurance.

Learn More

Lender/Servicer Resources

  • A Commentary On the Viability of Insured Attorney Opinion Letters as an Alternative To Title Insurance
    Read White Paper
  • Housing Wire
    Alita Group President Discusses Alternative To Traditional Title Insurance
    Read Article
  • Tech Firm Releases Fully-Insured Attorney Opinion Letter Solution
    Read Article