10 Key Aspects of Good Title Insurance for Smoother Closings

What Makes for a Better Closing Experience?

Title insurance is easily overlooked when it’s best executed. That’s because good title insurance assures a painless home buying process. If you’re a real estate agent or home buyer, then you want to secure a deed and property settlement using the latest technology for a fast and easy process. Without it, buying and selling real estate can quickly become a nightmare with mistakes and delays in deadlines.

Take a look at what makes for an excellent closing process:

Paper Free

Mistakes arise when you can’t find the right paperwork or lose important documents. It gets rather complicated organizing such a vast amount of client information — especially when you are expected to keep records of customers, lenders, and transactions in a secure place.

Easy Esignatures

The best title insurance agency doesn’t have this problem. They are simply paperless. It’s good for the environment, and even prevents carpal tunnel syndrome by reducing the giant stack of papers via Esiginings.

Excellent Customer Service

Excellence in customer service — most companies tend not to focus on it today. A good title insurance agency offers the best in customer service. In order to provide better customer care, a title insurance company should consists of a team of outstanding communicators to assure customer satisfaction. After all, buying and selling homes is a drastic life event. Home buyers tend to remember whether or not the experience was negative or positive in the end.

Delivering Forms On-Time

The thing that complicates title insurance so much is the effort it takes to deliver forms between parties on time. The reason why it’s so complicated is because the seller, buyer, real estate agent, underwriter, lender, title insurance agent, and just about everyone involved is running on their own schedule.

Digital Closing Solutions

The smoothest closing process can be secured through technology. With digital closing solutions, a title insurance company is able to process transactions at a faster rate and higher capacity using a software platform.

Secure Escrow Transfer

When a home buying transaction takes place, the borrowed sum to pay the mortgage or seller will need to be transferred. A title insurance agency needs a secure Escrow transfer process that assures these funds are received and in a timely manner.

Quick Underwriting Process

The best title insurance agency possesses years of collective experience in real estate law and mortgage lending processes. This makes forming a loan estimate, writing specialized policies, and delivering in a timely manner possible.

Easy Record Keeping and Recall

Years go by and you can barely remember the name of your title agency. Surprise! They remember you. In fact, a good title agency keeps such great records of past transactions that they are able to revisit your title insurance policy if ever a need arises. This means that if you come across a problem with your property or deed in the future, your title insurance agent is still available to settle the matter.

Defends Title Disputes

If there are any problems with the property deed, then it’s up to your title insurance company to defend any disputes or claims against the written policy. If you want better title insurance, you need to work with a company that handles real estate legal matters with great attention and care. You need a team of title insurance experts.

Compliance with Regulations

Of course, the most important factor that makes for a great title insurance agency is compliance with regulations. With new TRID forms just around the corner, many are anxious for possible penalties that could result from non-compliance to CFPB standards.

Wondering where to get the best title insurance?

We can help smooth the process. BNTC is a team of excellent communicators, real estate legal, and mortgage lending experts. Work with us to secure a better closing experience.