When you buy car, life, or homeowner insurance, you take great care in researching which company has the best coverage for your needs. Choosing a title company to protect your home from unforeseen legal occurrences is no different!
For the biggest purchase you’ll make in your life, you want to choose a title company that has an experienced staff and can guide you in choosing the coverage that properly protects you and your property.
Your title insurance agent also plays an integral role in managing the real estate closing on your property, outlining what is legally expected from both the buyer and the seller.
As you can imagine, this work requires a keen attention to detail and experience staff.
Your title insurance agent also plays an integral role in managing the real estate closing on your property, outlining what is legally expected from both the buyer and the seller.
As you can imagine, this work requires a keen attention to detail and experience staff.
Title Company and Settlement Agent: How It Works
As mentioned, your title insurance agent is also the closing, or settlement agent. This is the final step in buying or selling a home.
As a settlement agent, your title insurance company ensures that the transaction is carried out exactly as the contract states.
For example, a contract may state that the seller is paid their monetary portion at the time of closing. It may include ordering payoff numbers from an existing lender, ordering surveys, obtaining money from the new lender and the buyer, and many more possibilities.
The title company also conducts the real estate closing. Because closings can be both challenging and emotional, it’s important to have a settlement agent who understands this and can handle disputes as they arise.
The outcome of that dispute can mean the difference between a timely closing and no closing at all.
Probably one of the most important aspects of a good settlement agent is the ability to explain key factors in a way that is easily understood by all. The settlement agent also has good working relationships with the lenders in the area as well as the service providers.
As a settlement agent, your title insurance company ensures that the transaction is carried out exactly as the contract states.
For example, a contract may state that the seller is paid their monetary portion at the time of closing. It may include ordering payoff numbers from an existing lender, ordering surveys, obtaining money from the new lender and the buyer, and many more possibilities.
The title company also conducts the real estate closing. Because closings can be both challenging and emotional, it’s important to have a settlement agent who understands this and can handle disputes as they arise.
The outcome of that dispute can mean the difference between a timely closing and no closing at all.
Probably one of the most important aspects of a good settlement agent is the ability to explain key factors in a way that is easily understood by all. The settlement agent also has good working relationships with the lenders in the area as well as the service providers.
A Title Insurance Company’s Reputation
Because the title company handles large amounts of money, the reputation of the title and settlement company you use is critical. Ask what their best practices are for keeping your money safe. How do they protect against wire fraud?
Best business practices should extend to including escrow controls, and that your title policy is underwritten by a financially stable company. Should you have a claim, you want to make sure the company can pay those claims.
Lilly Title & Settlement uses Old Republic Title, a highly respected title insurance company in business for over 100 years.
Besides a stable and reputable title insurance underwriter, it’s important that the title company you use is also stable and reputable. Tammy Lilly, owner of Lilly Title & Settlement, has been a title and settlement agent since 2005, working for another company. In 2014, she started her own company, which has become a highly respected title and settlement company.
Read our Google reviews here.
Best business practices should extend to including escrow controls, and that your title policy is underwritten by a financially stable company. Should you have a claim, you want to make sure the company can pay those claims.
Lilly Title & Settlement uses Old Republic Title, a highly respected title insurance company in business for over 100 years.
Besides a stable and reputable title insurance underwriter, it’s important that the title company you use is also stable and reputable. Tammy Lilly, owner of Lilly Title & Settlement, has been a title and settlement agent since 2005, working for another company. In 2014, she started her own company, which has become a highly respected title and settlement company.
Read our Google reviews here.
Title Insurance Staffing and Customer Service
You’re not just buying title and settlement services when you’re closing on a real estate property. You’re also buying proactive and timely communication.
It’s essential that your title company is highly responsive. At Lilly Title & Settlement,, we’ve invested in our staff and in technology. Those two key components make the difference between a nightmare closing and one that goes smoothly!
When you’re ready to close on your new home, turn to the pros at Lilly Title & Settlement. We’re obsessed with legal details, timely communication, and on-time closings.
It’s essential that your title company is highly responsive. At Lilly Title & Settlement,, we’ve invested in our staff and in technology. Those two key components make the difference between a nightmare closing and one that goes smoothly!
When you’re ready to close on your new home, turn to the pros at Lilly Title & Settlement. We’re obsessed with legal details, timely communication, and on-time closings.
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