What is an Independent Title Insurance Company?

A real estate transaction can overwhelm many buyers, particularly first-time homebuyers who have not been through the process before. There are many people, a ton of paperwork and, of course, significant money involved. With so many people pushing towards the closing, it can be tempting to step back and let the wheels turn on their own.

If a particular real estate transaction represents your single biggest expense, you can’t afford to blink during the homebuying process and you must be as big an advocate for yourself possible.

Title insurance represents one of those areas where you can advocate for yourself. Many national real estate brokerages provide their own title service in house and many agents push buyers into using their services. This makes complete sense for several reasons:

1. They are familiar with the process and want a transaction process to be as predictable as possible
2. They make more money for their brokerage
3. The title service is invested in the success of the brokerage and the agent
4. It’s simply easier for them

There is nothing wrong or unsavory with any of the above listed reasons for going with an in-house agency. That being said, homebuyers have the freedom to shop for and engage with an independent title insurance provider.

Independent Title Insurance Providers Are Impartial

Choosing an independent title insurance provider brings in a completely impartial entity to the closing. Their goal is a successful real estate transaction for both parties without the burdens of quotas, corporate mandates, etc.

Often, independent title insurance agents provide their services at a lower cost to the homebuyer, potentially saving hundreds of dollars that becomes even more costly once rolled into the total cost of your mortgage.

Principle Abstract and Settlement Services prides itself on providing robust, professional, and courteous title and settlement services to every real estate transaction. We work to ensure that each transaction runs smoothly and for the benefit of all involved, not just the brokerage.

Interested in learning more about our services and how we can help with your next real estate transaction? Give us a call today and a member of our team will be happy to speak to you.