How To Start a Title Company – Conceptualizing and starting a title company is a complicated process that involves many components. That’s where we come in. We understand the enormity of the undertaking, and we have the depth of knowledge to envision and execute the many facets of starting a title company with a corporate strategic plan that is tailored to suit your needs whether you are a mortgage company, real estate brokerage, or an entrant into the industry. We have mentored hundreds of organizations in starting a title company.
Title Company Training— Do you know the ins and outs of a title commitment? How about creating a CD or disbursement statement? End to end process flow got you confused? Do you know who the best closing companies are? What are the Attorney States? As part of the program, a two day ZOOM meeting is recommended for newbies to the title industry. In this meeting, you will become an EXPERT title professional at the end of the two-day meeting. Sound like what you need, read further.
Licensing Consultation—Regulations vary widely from jurisdiction to jurisdiction. System 2 Thinking’s CEO, Allen Solomon, literally wrote the book on title agent licensing, The First Title Agents’ Licensing Manual. Therefore, we can help you determine which states will be the most profitable and the best licensing and compliance strategies to use when starting a title company.
Recruiting—A great team is the most important asset of your company. At S2T, we can guide you through the hiring and training processes to know you have the best team possible. Creating targeted job descriptions and assessing who you need to hire to get you launched. We can also help you craft an effective organizational chart that promotes oversight and prevents inefficiency. All great thinkers and leaders know the product can be great, but you need the team to build it and keep it going.
Technology Implementation—Choosing the right technology now helps you stay competitive in the future. S2T can evaluate your needs and help you select and implement a robust, scalable set of software platforms when starting a title company.
Process Workflow—Each title order can go through a dozen steps before it is clear to close. Fast, accurate turn-times are the order of the day. At S2T, we use Six Sigma and other process techniques to configure and optimize a startup title company by implementing a system that pushes down the error rates and speeds up delivery times.
Compliance– Allen Solomon is the author of The Ultimate Real Estate Transaction Compliance Manual, a guide to all rules, laws and customs wrapped around a real estate transaction in all 51 jurisdictions. We thus know compliance in and out and will impart this knowledge to you. www.recompliancemanual.com
Starting a title company is an enormous undertaking. To learn more about how System 2 Thinking can help you start a title company, call us at 917.420.0333 and schedule a free consultation with Allen Solomon. You’ll be happy you did.