TITLE OPERATIONS

 

Nearly one in every three commercial/industrial real estate transactions that take place in the United States relies on the protection of one of the members of the Fidelity National Title family of companies.

INITIAL REQUEST FOR TITLE PRODUCT
A title insurance order is opened with a title unit which produces the initial response. A preliminary report can be issued with a minimum of information-without even identifying the buyer or the terms of the sale.

ON-SITE SEARCHING AND EXAMINING
Your title unit performs three initial searches: Property, Name, and Tax. From that information, a preliminary report is created.

Our on-site customer service center expedites the process of obtaining hard copies of recorded documents. Fidelity National Title's substantial investments in imaging technology helps to expedite searches by performing these time-consuming tasks on-line.

TECHNICAL REVIEW
The skill and expertise of our title officer is the key to providing you with a useful, accurate title report.

Following issuance of the initial report, the title officer makes their technical analysis of the documents of record.

An interpretive view of all recorded matters is then made to evaluate their impact on the title to the subject property.

INSPECTION ANALYSIS
In anticipation of ALTA coverage, a site inspection is ordered. From the inspection report, the initial title product is supplemented to show any encroachments or other discoverable off-record matters which would ultimately impact title.

Re-Insurance
The title insurer will insure up to the total sale price or loan amount, and then employs another title insurance company to insure them. The premium paid to the re-insurance title company is deducted from the title fees; it is not an additional charge to the parties. Re-insurance is handled by the Title Department when requested by the proposed insured or is required based upon self-imposed or statutory title insurance limits.

Co-Insurance
The proposed insured may only allow the title insurance company to insure up to a certain amount (i.e. not the total sale price or loan amount). The insuring company must employ another title insurance company to insure the remainder of the sale price or loan amount. When there is co-insurance, the customer is charged based upon each company’s filed rates for the portion of the total liability covered by that company. The co-insurance company may be chosen by the customer.

WE EARN YOUR RESPECT WITH OUR SKILL, SERVICE AND SOLUTIONS
We identify impediments to closing, offer assistance and solutions, understand the sometimes delicate balance of the interests of the parties to the transaction, and professionally and courteously handle issues as they arise.