9 Things You Should Do Before Choosing a Title Company
Many consumers are not aware of the choices they have when considering a title company and often rely on their real estate agent or mortgage lender for recommendations. When seeking title and closing services, it is important that consumers research options to find the best partner. Brightline Title understands purchasing real estate is one of the largest investments made in a consumer’s life and have provided a list of 9 things to consider when researching title and closing services.
1. Do Your Own Research
Along with the advice of agents, lenders, and peers, conduct your own thorough research as some advisors may have an implicit bias toward some title companies. Spend some time getting to know the companies that have been recommended to you before you hire them.
2. Hire an Attorney to Review the Terms
Consider attorney representation to give you a proper review of insurance terms and make sure that they are a trusted party with your best interests in mind.
3. Assess for Their Reputation
Read online reviews and ask for references, products, and services offered by the title company. Look for timeliness, responsiveness, and friendliness as signs of an experienced and thorough practice.
4. Ask for Their Best Practices
Inquire about the practices used by the prospective title company. Transparency throughout the process can ensure you receive services aligned with industry best practices.
5. Make Sure They are Ahead of the Curve
As this industry advances, technology should be integrated into your process not only for your convenience. To make sure you are working with a company that has invested in the best available tactics, ask about digital portals, electronic signature capabilities, and other solutions that save time and money during the closing process.
6. Learn About Their Fees
Fees associated with the closing process can add up. In addition to premiums, you may notice fees for courier services, electronic filing, document preparation and processing activities. Fees can vary from company to company so be sure to ask detailed questions about what fees may be added to your bill. This will help you to better understand the value of the title services you’re receiving. Always seek maximum protection and reasonable rates.
7. Review Exceptions to the Policy
In the event of a title issue, you’ll want to make sure you have secured compensation, which can vary from policy to policy. Review exceptions to your own policy to find the best possible coverage for your property.
8. Inquire About Their Experience
High-quality service often comes with experience. Seek a title company with longevity in the industry and long-standing leadership in place.
9. Verify Compliance
Laws vary from state to state, however, a compliance-driven company that prioritizes insurance compliance will be a more secure and efficient choice. A compliance-driven title company will be willing to share audit results and proof of licensing.
Brightline Title is an American Land Title Association member that will conduct your closing efficiently and help protect your property rights. Whether residential, commercial or default services, we possess experience, advanced technology, and local strength with coast to coast solutions. Contact us today to begin your partnership with Brightline Title; a service you can trust.
