How to Pick a Title Company
When it comes to picking a title company, there are a lot of different options out there, and it can be difficult to understand what makes one title company different from the next. Below, we’ve highlighted some key factors that are important to consider when selecting a title company.
1. Affiliation
After going through the buying process, or if you’ve even just begun to dabble in it, it’s clear to see there are a plethora of services available. From real estate brokers to lending agents to title companies, there are hundreds of companies to choose from. This means there are also a lot of relationships between services.
When choosing a title company, it’s important to note if they are flexible in who they work with. Some title companies will only work with specific real estate brokers and lending agents. Find out if this is the case by speaking with your chosen real estate broker or title company.
Here at All American Title Company, while we pride ourselves in creating long‑lasting relationships with individuals within the real estate community, we are an independent company. And we’ve been that way for 23 years. That means we create, foster, and encourage relationships with everyone.
2. Location
While often overlooked, it’s important to take into consideration where the title company is located when you do need to make those important trips into an office. All American Title Company has 9 office locations throughout Minnesota, and we have mobile closers on staff that are willing to go to you! We also offer remote online notarization (RON) closings, meaning that everything can be done virtually. Talk to your closer to see if your closing can qualify to be done remotely!
3. Communication Styles
Find out how different tile companies work by reaching out to references, or asking what measures they take to ensure strong, safe communication with their clients.
Our preferred use of communication is through a program called Close Simple. This email & text messaging platform allows our team to communicate with buyers and sellers in a secure, safe way. Customers will receive need‑to‑know information in a quick, convenient fashion while ensuring their data is kept private.
4. Fees
The cost of title insurance is often grouped together with other closing costs, such as escrow and premiums. However, some title companies may charge additional fees for delivery, wire transfers, or using electronic documents.
When asking for a quote, be sure to inquire if there are any additional fees on top of the base price. For a general idea of cost, use our title calculator on our website.