ARLINGTON, Va., July 10, 2013 /PRNewswire/ -- Timios National Corporation (OTCBB: HOMS), a national provider of real estate services to banks, financial institutions and mortgage lenders has released the first comprehensive, fully compliant, guaranteed GFE calculator application for various mobile devices, including iPhone, iPad and Droid devices. The application, available by searching "Timios Closing Costs" within either the Apple iTunes store or within Google Play, allows the user to instantly receive a guaranteed Good Faith Estimate (GFE). The GFE includes non-lender closing costs, title insurance, escrow fees and any applicable government fees. The fees are not an estimate, and reflect actual costs using Timios' proprietary systems. The application allows users to instantly place an order and emails the quote directly if requested. The pricing is free to everyone, guaranteed by Timios, and not subject to change according to the terms entered in the calculator. In addition, the application provides existing clients with their specific, negotiated pricing.
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Norman Gottschalk III, CTO of TNC stated, "Our customers are excited that our new application makes our industry leading online GFE calculator available via their mobile devices, for anyone, at any time. This application represents our initial release in delivering to consumers and our clients the ability to execute real estate transactions via their mobile devices."
Trevor Stoffer, COO of TNC and CEO of Timios, Inc. added, "Since our release of the first online, guaranteed, instant GFE calculator in 2010, we have received overwhelmingly positive feedback from our clients for eliminating virtually all title and escrow lender cures through our guaranteed pricing. We are excited to now expand this same technology to mobile devices."
C. Thomas McMillen, CEO of TNC commented, "The introduction of this application permits consumers to know the exact amount of non-lender closing costs associated with their real estate transaction in advance of closing the transaction. It brings accuracy, transparency and comparability to an otherwise difficult financial process."
Timios has expanded its operation to cover 41 states and is currently servicing several top regional and national lenders. With more than 100 years of combined experience in the industry, the executive team has dedicated the company to simplifying the consumer experience and delivering transparency to their clients. Utilizing an online, paperless system, Timios allows customers to access important files and documents instantly, anytime day or night. This, combined with a commitment to superior service, makes Timios a leader in the title and escrow services industry. With the release of their mobile applications, Timios leads the industry in providing simplified solutions to their clients.
About Timios National Corporation
Timios National Corporation is a company engaged in the strategic acquisition, development, and consolidation of real estate service businesses. The company is focused on creating long-term value by taking controlling interest and developing its subsidiary companies through superior operations and management. Former Maryland Congressman C. Thomas McMillen, who served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland, heads the company.
Timios National Corporation operates businesses that provide real estate products and service solutions, growing organically and by acquisitions. The company is targeting emerging companies that are generating revenues but face challenges in scaling their businesses to capitalize on growth opportunities.
Timios National Corporation's portfolio of companies includes:
Fiducia Real Estate Services, Inc. ("FRES") is a holding company that provides real estate products and services through its three wholly-owned subsidiaries: Timios, Inc. Timios Appraisal Management, Inc. and Default Servicing USA, Inc.
Timios, Inc. ("Timios") is a national title and escrow company licensed to conduct business in forty states and the District of Columbia. The company provides various products and services to banks, direct mortgage companies and mortgage servicing companies through utilizing advanced technology in a paperless operating system. For more information about Timios, please visit www.timios.com.
Timios Appraisal Management, Inc. ("TAM") is a national appraisal management company providing property valuation services to banks, mortgage companies, portfolio managers and investors. TAM manages a national network of appraisers and utilizes advanced technology to deliver quality controlled products in a paperless environment. For more information about TAM, please visit www.timios.com.
Default Servicing USA, Inc.. ("DSUSA") is national asset management company providing a full range of services in the real estate owned (REO) industry to banks, financial institutions, investors and mortgage companies. DSUSA manages the disposition of REO properties from eviction to closing of the sale, ensuring the highest return on value through utilizing advanced technology in a paperless environment. For more information about DSUSA, please visit www.timios.com.
For more information about Timios National Corporation, visit www.timios.com.
Forward-Looking Statement
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future activities, performance, events or developments, are forward-looking statements. Although HOMS believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements.
Contact:
Timios National Corporation
Ross English (612) 213-2261
InvestorRelations@timios.com
SOURCE Timios National Corporation
