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 Difference Between Title Agents and Title Underwriters

Ever thought about the differences between title agents and title underwriters?

Well, let’s take a closer look. In this article, we’ll break down the roles and responsibilities of each player in the titling process.

Title Agents

Title agents are experts who oversee the entire title-clearing process, managing every aspect from start to finish. Their duties include conducting thorough title searches to identify any defects, encumbrances, liens, or other issues associated with the title. Additionally, they are responsible for preparing all the required documents to address and resolve any issues that could potentially impede the closing process.

Title agents collaborate closely with title underwriters to create the commitment and oversee the acquisition of insurance policies for both the lender and the buyer. Following the closing, it’s the title agent’s responsibility to handle the filing of the new deed.

Title Underwriters

Title underwriters, typically insurance companies, provide insurance policies for both lenders and buyers. They assume the financial risk associated with any uncovered defects in the title. In the event of a claim, it’s the underwriter’s responsibility to cover the costs.

To determine the risk of a claim, underwriters undergo a process known as underwriting. Following this assessment, they issue policies for both lenders and property owners.

The collaboration between the agent and underwriter is crucial for providing a comprehensive title report and insurance policy that addresses title-related risks. When both parties fulfill their roles effectively, it offers peace of mind to both the owner and lender, knowing they are safeguarded against any unforeseen issues that may arise.

I hope that with this article,I was able to identify the differences between title agents and title underwriters. Should you have any questions about the closing process or would like to be connected to a title agent, please don’t hesitate to reach out.