Real Estate Agents

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How to Select a Title Insurance Partner

According to the Colorado Real Estate Commission buyers and sellers are ultimately responsible for the selection of a title insurance provider. Consumers however are not always clear about title insurance and the real estate closing process. Buyers and sellers usually rely upon real estate professionals to suggest competent closing companies.

Referring your clients to a financially stable title company with experienced, professional and friendly closing staff can make the difference between a smooth closing or one that ends with multiple issues and last minute changes. Smooth closings increase your opportunity to earn future referrals and improve you reputation. Professional closing agents can reduce the time you spend following up on all the details of each transaction and create a more efficiency way for you to to business.

Who you select as a title partner can make a big difference on each transaction as well as your overall career. Your reputation is on the line so choose a title insurance company and closing agent that will make you shine at the closing.

Question to consider when choosing a title insurance partner:

• Is the company financially stable? Tip check the financial rating of the underwriter using Demotech
• Is my clients money safe during the transaction?
• How long has the company been in business?
• Are there complaints with the Colorado Division of Insurance?
• Is the title company a neutral third party?
• What are all the title and closing fees and are they competitive in the market?
• Is the closing agent proactive in anticipating issues and works to resolve these issues prior to closing?
• Does the closing agent have enough experience to handle the difficult transactions?
• Is the title company local?
• Does the closing agent have local expertise?
• Is the company commitment to the local community?
• Can I rely on the title commitment to be a complete and accurate examination of the property?