TitleBroker
Joined: 09 Jan 2009
Posts: 4
Location: Tennessee
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| Posted: Tue Apr 07, 2009 9:01 pm Post subject: True Nationwide Coverage - Title & Escrow |
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Mortgage brokers never rely on only one lender to fulfill all their needs; they generally affiliate with as many as they can. Lenders never rely on a single program to fit the desires of their many borrowers. Both realize that every borrower is unique, different and has specific needs. Options are what help them thrive.
The same principal should hold true with title agencies but in many cases, it doesn't. Many lenders and brokers still rely on one title agency to fulfill all of their needs. Most title agencies have particular states where they perform better. Some are better in the East, some in the West and so forth.
Much of this attributed to where the agency actually owns their licenses. Although many can offer services nationally, it doesn't mean they own their license in every state they service, so they third party title requests through their underwriter in their unlicensed states. This scenario can cause a loss of control over serviceability and often, the escalation of fees. When an agency third parties, the only money they can make off the deal is by adding an "outsource" or a "coordination" fee on the HUD, at the cost of your borrower. This is in addition to the title fees being charged by the underwriter. So, where you may get great service and fees from one agency for your deal in Maryland or Virginia, your turn time may drastically slow down and the fees may drastically rise when you submit a California or Arizona deal to the same agency.
Title Brokers of America, LLC (TBA) has changed the way that lenders and brokers order title (and appraisals). TBA has affiliated with and represents a network of major agencies. Through these affiliations we are able to submit title requests to agencies that own the license in the geographical location of the property, no matter the state. In short, we are an active network of agencies. Our services cost you or your borrowers absolutely nothing. Everybody wins. TBA provides one centralized point for all title and appraisal requests. TBA, in turn, places the request with an agency within our network that will provide the best experience for you and your borrowers. You will then have contact with not only TBA as we monitor each reports progress, but also with the actual agency that is performing the work. TBA will intercede on your behalf when required, although it is seldom necessary. Our network is comprised of some of the best agencies in today's marketplace.
All of the agencies within our network offer 24/7 mobile closings and have on staff attorneys for the quick resolution of difficult title issues. They all offer rapid turn times and fees that are within industry standards and in some cases, lower.
You have lending options; why not take advantage of the title options that are also available.
Through national appraisal affiliations we can now provide expert appraisal services in every corner of the nation. These are not appraisals ordered through a title agency and third partied, our appraisals are placed directly with national appraisal firms that we have developed excellent relationships with.
Fully licensed in the following states for title:
AL - AZ - CA - CO - CT - DC - DE - FL - GA - IA - IL - IN - KS - KY
LA - MA - MD - ME - MI - MN - MO - MS - MT - NC - NE - NH - NJ
NV - NY - OH - PA - RI - SC - TN - TX - VA - VT - WI - WV
Service available in all states except: NM - HI - AK
Appraisals available in all states
Title Brokers of America. "Don't Just Settle".
www.titlebrokersofamerica.com Email: info@titlebrokersofamerica.com |
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