RedVision, an independent provider of real property title data, search examination, and curative-ready solutions to customers nationwide, announced Tuesday that it has expanded its in-house abstracting coverage by 154 percent since 2013—and it's only expected to keep growing.
As of early 2015, New Jersey-based RedVision says it now performs in-house searches covering 76 percent of the U.S. population, with that number projected to reach 90 percent by year-end.
"The expansion and flexibility of our supply-chain methodology enables our clients to drive greater volumes across expanded markets with lower operating costs," said RedVision CEO Brian Twibell in the company's announcement. "These enhancements will increase their competitiveness and market share."
RedVision's expanding title search data covers more than 94 million homes across the country, with an average of more than 40 years of history on each property. With that data, title evidence users can compile a full range of ownership chains, lien information, and more property information nationwide.
Christopher Broekema, VP of supply chain management at RedVision, said the company's growing coverage footprint is the result of extensive work on the part of his team to collaborate with internal operations teams, suppliers, and clients to better realize value-chain activities.
"Our goals are to engage our clients and vendors in the process of value-chain creation and to further develop multiple supply chains in support of all markets that we serve. This approach results in 'responsive' pricing, additional product offerings and shortened product delivery cycles thereby resulting in better service to our client's customer base," Broekema said.