Real Estate and Technology news for agents,brokers

BrokeripTV.com : Title Insurance Is More Than Just Insurance. We are taking with Joe Hubert today from Land Title. Joe is a sales manager and Joe when I first got in the real estate business I thought you guys just did title insurance and some closings. But when we first met you started telling me about a lot of things that you did for me like statistics, in farm area searches, and things of that nature. Tell me about that

Joe Hubert: Well title companies do a lot more than just marketing services. We do things like continuing education classes for areas of the industry that people need to keep abreast with. We also do things like HOA document retrievable so that you dont need to go out and get all stuffs for your closings. Also you look at work on technical boardings and transaction management systems. Things that help you keep with that speed with ever area of your business.

Displayed Question: ARE TITLE COMPANIES AFFECTED BY THE MARKET THE WAY OTHER BUSINESS ARE?

BrokeripTV.com : Do title companies take ahead just like real estate agents and mortgage brokers and appraisers in?

Joe Hubert: Generally yes. There are some type of companies who are doing better than others, providing outstanding customer supports. Having a broad base of services and products are really important to maintain market share but clearly as the market goes up and down tidal companies follow the real estate industry as well.

Displayed Question: WHERE IS RISK IN TITLE INSURANCE?

BrokeripTV.com : Whats the big risk in title insurance in title companies for you today?

Joe Hubert: Well the big risk obviously when we are insuring a property, we are taking the risk of everything from the past. Unlike most insurance companies where you guarantee the future, title insurance guarantees the past. So the risk thats taken under every single time we issue a tidal policy is guaranteeing that everything has been looked at, everything has been researched, nothing is going to popup down the road.

Displayed Question: HOW DOES SOMEONE GO ABOUT CHOOSING THE CORRECT TITLE INSURANCE COMPANY?

BrokeripTV.com : Are all title companies pretty similar, I mean if there is an agent out there or broker looking to get connected with the title company, that do some of their work for their clients, their closings and so forth. I mean, are all of guys offering pretty much the same services or how do you differentiate yourself?

Joe Hubert: Thats a great question. Well all title companies are not the same. We do offer a number of similar services but agents are looking at a variety of things to pick which title company they work with. Clearly accurate timely delivery of documents having committed agents that know what they are doing, that are competent and professional and knowledgeable and supports through out the entire transactions, those where key things that agents are looking at. But we also see them starting to look at other things that havent traditionally been part of that evaluation process like what kind of established company are they working with. How long are they been in business. Are they investing in technology or they looking to do some of the newer things like the electronic versions that we talked about a minute ago and also retaining some of the key employees that they work with on a day in and day out basis. Those are more important items and ever with various agents throughout the industry.

BrokeripTV.com : You mean having your same closing agent over and over again is important in your phase?

Joe Hubert: People dont want to change closures, they dont want to change their title rep is. They want to have an entity that they understand the industry and how it is going to operate and they are accountable with because if that closing doesnt take place obviously their work is gone for none, so its an important step.

BrokeripTV.com : Joe thanks very much for being with us.

Joe Hubert: Thank you. Appreciate that.

BrokeripTV.com : Appreciate it.