{"id":8783,"date":"2009-06-06T18:24:55","date_gmt":"2009-06-07T01:24:55","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=8783"},"modified":"2009-06-06T18:24:55","modified_gmt":"2009-06-07T01:24:55","slug":"are-our-customers-entitle-ed-to-better-fees","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8783\/are-our-customers-entitle-ed-to-better-fees\/","title":{"rendered":"Are Our Customers EnTitle-ed To Better Fees?"},"content":{"rendered":"<p>Admit it.\u00a0 You&#8217;ve wondered if there was a lot of fat in title policies, didn&#8217;t you?\u00a0 I mean, how many claims does a title company REALLY get in this &#8220;nobody trusts anyone&#8221; market?\u00a0 We order a title commitment and the title company:<\/p>\n<ul>\n<li>performs a detailed search of the property&#8217;s chain-of-title<\/li>\n<li>mitigates most any risk<\/li>\n<li>insures the title and earns an insurance premium.<\/li>\n<\/ul>\n<p>One would think that this highly-regulated, extremely commoditized business would file premiums within cents of each other, right?<\/p>\n<p>I received a direct mail piece from <a title=\"entitile direct\" href=\"https:\/\/www.entitledirect.com\/our_company\">EnTitle Direct<\/a> today.\u00a0 They are a national title insurance company (the old Guardian Title):<\/p>\n<blockquote><p><em><span class=\"txtEntitle\">ENTITLE<\/span> <span class=\"txtDirect\">DIRECT<\/span> is the only title insurance company               that markets and sells directly to consumers at 35%               savings. We               combine 30 years of experience and stability with a               consumer-friendly approach and provide you with               significant savings on title insurance, the ability               to control your own closing, and transparency               throughout the closing process. <\/em><\/p><\/blockquote>\n<p>I was curious so <a title=\"entitle direct quotes\" href=\"https:\/\/www.entitledirect.com\/scripts\/spiis.dll\/ENTITLE\">I got a quote<\/a> for a $400,000 refinance transaction:<\/p>\n<ul>\n<li>$500.00 escrow fee (about $100 more than the local folks)<\/li>\n<li>$357.50 for a title policy (endorsements not included)<\/li>\n<\/ul>\n<p>I ran the <a title=\"CLTA title wizard\" href=\"http:\/\/www.clta.titlewizard.com\/default.aspx\">CLTA Title Wizard<\/a> to comparison shop.\u00a0 Local escrow fees are about $400.00 so the locals are winning, at this point.\u00a0 Let&#8217;s see what the locals offer for title policy premiums:<\/p>\n<ul>\n<li>Commonwealth $1, 045<\/li>\n<li>Ticor $1,045<\/li>\n<li>Placer $675<\/li>\n<li>Orange Coast $625<\/li>\n<li>Stewart $675<\/li>\n<li>Provident $800<\/li>\n<li>Old Republic $800<\/li>\n<li>Chicago $1045<\/li>\n<li>FATCO at $605<\/li>\n<\/ul>\n<p><strong>What am I missing here, gang?<\/strong><\/p>\n<p>I think someone may have just figured this game out.\u00a0 Any comments or experiences with EnTitle Direct are appreciated.<\/p>\n<p><em>PS:\u00a0 EnTitle Direct claims to be a member of the <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8783\/are-our-customers-entitle-ed-to-better-fees\/#more-8783\" class=\"more-link\">Read more<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Admit it.\u00a0 You&#8217;ve wondered if there was a lot of fat in title policies, didn&#8217;t you?\u00a0 I mean, how many claims does a title company REALLY get in this &#8220;nobody trusts anyone&#8221; market?\u00a0 We order a title commitment and the title company: performs a detailed search of the property&#8217;s chain-of-title mitigates most any risk insures [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,26,5],"tags":[],"class_list":{"0":"post-8783","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","7":"category-lending","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2399,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2399\/im-making-christmas-goodies-so-heres-all-the-stuff-i-dont-feel-like-fighting-about-right-now\/","url_meta":{"origin":8783,"position":0},"title":"I&#8217;m making Christmas goodies, so here&#8217;s all the stuff I don&#8217;t feel like fighting about right now","author":"Greg Swann","date":"December 20, 2007","format":false,"excerpt":"I was on Fox Business Network yesterday bitching about all the ways the U.S. government has interfered with the residential real estate market, resulting in both our recent boom and our current bust. The topic itself is not new to me, but it's not something I've addressed in a full-blown\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2457,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2457\/rss-feeds-the-full-vs-partial-conundrum\/","url_meta":{"origin":8783,"position":1},"title":"RSS Feeds &#8211; The Full vs. Partial Conundrum","author":"Jay Thompson","date":"December 31, 2007","format":false,"excerpt":"As I peruse through the 338 blogs in my feedreader every day, I find myself wondering why some blog authors chose to provide full feeds, some partial feeds and even a few provide titles only. (If you know not of what I speak, the first video in this post is\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16917,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16917\/my-take-on-fintech-who-doesnt-love-a-better-pen-but-no-rainmakers-no-rain\/","url_meta":{"origin":8783,"position":2},"title":"My take on fintech? Who doesn&#8217;t love a better pen? But:\u00a0No rainmakers, no\u00a0rain.","author":"Greg Swann","date":"September 6, 2020","format":false,"excerpt":"I got a recruitment pitch from OfferPad the other day: Be an in-house listing agent for our fallback upsell team. This is not an honor, an oddity or an error; I'm in a database, that's all. And: Fun for me to see, but not a temptation. They're fools to make\u2026","rel":"","context":"In &quot;Flourishing&quot;","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/Screen-Shot-2020-09-04-at-2.53.47-PM-357x480.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1528,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1528\/ask-the-mortgage-broker-on-title-but-not-on-the-loan\/","url_meta":{"origin":8783,"position":3},"title":"Ask the Mortgage Broker:  On Title But Not On the Loan?","author":"Brian Brady","date":"June 12, 2007","format":false,"excerpt":"This came in today: My Mortgage Broker told us; because of my low credit score (Low 600) and my husband's higher score (High 600) -- he wants to not include me on the mortgage, but put me on the title as a owner. 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Not me, and\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2214,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2214\/stifle-those-yawns-cyberhomes-is-coming-out-of-beta\/","url_meta":{"origin":8783,"position":5},"title":"Stifle those yawns: CyberHomes is coming out of beta","author":"Greg Swann","date":"November 12, 2007","format":false,"excerpt":"Q: Is there room in the Realty.bot business for a third major player? A: What business? Joel Burslem came to Phoenix last week, and I had a chance to spend a few hours with him before he flew back to Portland. Because I live and breathe real estate and because\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/8783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=8783"}],"version-history":[{"count":9,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/8783\/revisions"}],"predecessor-version":[{"id":8792,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/8783\/revisions\/8792"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=8783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=8783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=8783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}