What Happened?
Virginia Beach, VA-based ReQuire has Promoted Pratik Kothari as Chief Technology Officer
About the Company
ReQuire is the leading lien release tracking and reporting service in the real estate settlement services industry. Its primary customers are companies performing real estate settlements and disbursing payoff funds to satisfy lien ReQuirements. For more than a decade, ReQuire has proactively tracked and verified the payoff and cancellation of prior mortgage accounts and liens after the closing. Our goal is to restore certainty in the closing by minimizing costs, disruptions, and frustrations for all parties associated with the transaction - homeowners, realtors, loan officers, attorneys, underwriters, and settlement agents. Founded in 2002, ReQuire provides a unique solution to the epidemic problem in the industry related to unreleased deeds of trust. The lack of lenders statutory compliance and the inconsistencies in lien release-reconveyance methods among states and courthouses has created an ongoing and costly problem for settlement agents in tracking and reporting the release of property liens. Many are familiar with setbacks associated with unreleased liens; our goal is to eliminate setbacks for everyone at the closing table.
About the Person
Pratik Kothari joined the reQuire Team in 2004 as a senior software developer and was promoted to director of information technology in 2007. He is also the founder of a software development firm, Techark Solutions, that produces mobile apps. He holds a bachelor's degree in computer science and also received his master's degree in computer science from Old Dominion University.
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