Home » Financial » Prism Title of Illinois Announces Formal USDA Approval To Close USDA Residential and Commercial Loans On Behalf of The USDA and USDA’s Rural Development

After completing an exhaustive evaluation process into Prism Title’s experience and business procedures, formal USDA approval was granted.

Des Plaines, IL, September 12, 2015, Prism Title’s recent announcement of their formal approval by the USDA to Close USDA Residential and Commercial loans on behalf of the USDA and the USDA’s Rural Development was seen by industry insiders as yet another giant step in the evolution of Prism Title and their aggressive growth campaign. Prism Title was subjected to an in depth evaluation and USDA State Specialist, Mark R. Zukunft, made these comments, “I was very pleased with the documentation you submitted.  It was very complete and well organized.” The approval marks a new phase in the company’s expansion program.

The USDA’s Rural Housing Service offers a variety of programs to build or improve housing and essential community facilities in rural areas. They offer loans, grants and loan guarantees for single and multi-family housing, child care centers, fire and police stations, hospitals, libraries, nursing homes, schools, first responder vehicles and equipment, housing for farm laborers and much more. The USDA also provides technical assistance loans and grants in partnership with non-profit organizations, Indian tribes, state and federal government agencies, and local communities. They and their partners are working together to ensure that rural America continues to be a great place to live, work and raise a family.

USDA’s Single Family Housing Programs provide direct loans or loan guarantees to help low and moderate income rural Americans buy safe, affordable housing in rural areas. USDA also offers loans and grants to help rural residents make health and safety repairs to homes. The USDA’s Multi-Family Housing Programs offer loans to provide affordable rental housing for very low, low and moderate income residents, the elderly, and persons with disabilities. Funds also may be used to buy and improve land and to provide necessary facilities such as water and waste disposal systems. In addition, USDA offers rental assistance to help eligible rural residents with their monthly rental costs. The USDA does not stop there, USDA’s Community Facilities Programs provides loans, grants and loan guarantees for essential community facilities in rural areas. Priority is given to health care, education and public safety projects. Typical projects are hospitals, health clinics, schools, fire houses, community centers, first responder vehicles and equipment and many other community based initiatives.

Prism Title is a full-service title, settlement and vendor management services company serving real estate companies, attorneys, and financial institutions in support of residential and commercial real estate transactions. Prism operates in 43 states to provide a range of title and closing services both direct and through national title partners.

Prism is known for its industry-leading customer care and the depth of its title expertise. For the last ten years, Prism has been a recognized leader providing national title solutions. Prism Title writes title insurance through four of the largest and most respected underwriters in the country. These are Chicago Title Insurance Company, Fidelity National Title Insurance Company, First American Title Insurance Company and Stewart Title Guaranty.

More information about Prism Title Services, LLC, is available at http://www.prismtitle.com/

Media Contact:

Prism Tite / I.C.O. Robert Bingham
Attn: Media Relations Department
1011 E. Touhy Avenue, Suite 350
Des Plaines, IL 90036
Ph: (847) 677-9900


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