Large Volume Title Companies
We find the biggest bottleneck in delivering clean title and getting to settlement is the curative work, or title clearance. It’s not uniform and very difficult to build a standardized, repeatable process around. Clearing mortgages, judgments, and liens is about data and logic. It’s complicated data and there’s a lot of it – but using technology to build a data model that can teach itself and improve enables us to deliver massively faster, better, and cheaper than any manual title clearance or than even the most experienced people.
Massively increasing efficiency and lowering your cost per transaction, makes a big difference in your profit and time spent per transaction.
If you’re serious about delivering the best turn times, lowest costs and capturing and competing for large-scale business, contact us and learn more.
Affiliated Title Companies (ABA) often don’t see themselves as actively competing for the business and as a result, they’re not run very efficiently. Service suffers, agents suffer, and buyers and sellers suffer. Complaints about AfBA’s run very high in the industry. Usually these Affiliations aren’t capturing as much business as they could be and profitability isn’t nearly what it should be.
Running a title company is complex business with real expenses, technical knowledge and expertise needed to be truly successful. We help broker-owners and other ABA partners operate affiliate title companies with several options.
- Flat fee for services such as clearance, escrow/disbursement, recording/policy
- Or fully managed
- Operate your own company or ours
If your goal is to make money with your affiliated title company, choose an operating partner that will actually do that.
Small Title Agencies
In 2011, there were roughly 25,000 independent title agencies in the US. At the end of 2017, there were roughly 15,000.
The landscape in the title industry is changing quickly; CDs, disclosure rules, lender portals, entirely new regulatory bodies. No matter our political climate, one thing is consistent: small business becomes more and more endangered and large business grows larger.
This will continue.
Here’s some good news: While real estate transactions will move more and more online and centralized, business will often continue to be won on the streets, by hand-to-hand combat, relationship by relationship. Knowing someone and trusting them will always be a primary reason humans make decisions, regardless of technology.
To master this new landscape, you must own these relationships. Competition that’s bigger, stronger, and faster is coming. They spend millions of dollars providing value to your clients, and if you want to stay alive, you need an answer.
A free lunch and some baseball tickets isn’t enough anymore.
We help independent title agencies focus on clients and settlements and deliver value to compete with – and beat – giants. We can help you offer the most relevant operating technology, live client portal, title clearance intelligence, data, and tools to operate your title agency more efficiently and profitably than even the biggest industry players.
Once upon a time, title was a profitable side business for attorneys. Things sure have changed, haven’t they?
Title underwriters have raised minimums and standards of practice. Working with lenders now means creating Closing Disclosures (CDs) and communicating with various lender portals. Managing a paperless system is a requirement but not nearly enough to compete. E-recording. Virtual notary closings. Disclosure timing. Fundamental regulations changes have taken place three times in the past eight years. Disappearing forms such as HUD and TIL. Higher accountability standards from lenders.
If this isn’t the focus of your business, it’s gotten much more expensive to operate and difficult to keep up. We work with attorneys so that you can continue to capture title business and continue to profit from it, without drowning in all of the newer challenges.
We offer services on a flat-fee, a-la-carte basis; everything from ordering and compiling search data to the time-consuming title clearance, CD preparation, settlement, disbursement, e-recording, and policy issuance.
We can also partner with you and manage your entire affiliated entity or we can simply handle the business on behalf of your clients and make you look good.