Posts Tagged ‘Title Insurance Rate Calculator’

Explaining Why Title Insurance is Necessary to your Clients, by Inwest Title, a Utah Title Company

Friday, October 19th, 2012

Other types of insurance coverage focus on possible future events and charge an annual premium, such as flood insurance or hazard insurance. Title insurance protects against loss from hazards and defects already existing in the title and is purchased with a one-time premium.

Insuring a home’s title begins with a search of public land records affecting the property. The title agent or attorney working on behalf of the underwriter examines pertinent documents to determine whether the property is insurable. Those documents include deeds, wills, trusts, outstanding mortgages and judgments, property liens, highway or utility line easements, pending legal actions and notary acknowledgements.

When title problems are disclosed during the search process, they are corrected whenever possible to avoid future claims. According to surveys done by the American Land Title Association (ALTA), title problems consistently arise in one out of three real estate transactions (36%).

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For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance Quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

 

New Instant Fee Quote to aid with RESPA Compliance, by Inwest Title a Utah Title Company

Saturday, March 27th, 2010

Inwest Title Services has unveiled a brand new “Instant Fee Quote” feature that will allow mortgage and real estate professionals to accurately calculate RESPA-compliant quotes for title and escrow fees in relation to their GFE (Good Faith Estimate).  When a user runs through a calculation it tells the user exactly what lines to fill in on the standard HUD-1 Form.  Due to changes to the RESPA legislation, it is more important than ever to accurately estimate title and escrow fees.   This calculator is available for customers of Inwest that sign up for on an online account.  You can click here to sign up.