At System 2 Thinking, our title insurance licensing specialists are subject matter experts in resident and non-resident title agency licensing. We handle title and escrow licensing in all 51 jurisdictions. We’re anxious to help you develop a purposeful strategy that meets all of your company goals. System 2 Thinking will:
The acquisition and maintenance of out-of-state title insurance licenses can be a confusing and arduous task. However, with the advent of the internet and the centralization of lender processing, it has become necessary to be licensed in as many states as possible. Many state licenses increase your ability to capitalize on regional or national lender opportunities.
Of course, this is easier said than done. Fifty jurisdictions mean fifty different sets of rules, regulations, and requirements full of fine print and always subject to change. Most companies need to consult with a title insurance licensing expert who can strategically advise them on licensing.
If your company is expanding its licensing footprint, you must develop your strategy carefully. You will need to know when renewals are due and maintain a system that tracks this information. You will also need to be updated on rules regarding address changes, individual agent licensing requirements, and the many arbitrary rules each state deploys. For example, did you know that you cannot be reciprocally licensed in Florida or Virginia if your home state is Utah? Laws like this demonstrate the need for developing a solid strategy concerning your licensing.
As always, we are happy to help with this challenging process. Title insurance licensing can be complex. Call us at 917.420.0333 for a free one-hour consultation or fill out the Contact Us Now form below.