The title insurance industry has been protecting the American dream of home ownership for more than 125 years. The behind-the-scenes work of title companies ensures the secure transfer of land, fostering lender and consumer confidence in real estate investments.
Our industry has changed more in the last few years than it had in the preceding 40 years. However, our objective is unchanged – helping the parties to real estate transactions determine their rights & interests and assuring that land transfer is efficient and secure. Protecting the parties involved in real estate transactions is the reason the title insurance policy was developed. However, the cost to title companies for increased staffing, purchasing and implementing protective hardware, software, insurance, education, policies and procedures has increased exponentially.
Metropolitan Title Agency has worked diligently to educate our staff, upgrade and maintain the best, most secure software and the most comprehensive insurance so we can continue to offer our clients the peace of mind that comes with knowing their real estate transaction is secure.
Though we’ve been happy to keep our rates steady since 2010, with only a modest increase in 2015, the costs associated with keeping transactions secure necessitate a rate adjustment, effective for closings happening on November 1, 2017, as set forth on our revised rate card. We hope you agree that doing away with the “simultaneously issued” lender’s policy will make disclosure of fees much more straightforward.
We are very grateful for your business and look forward to working together to continue to ensure that your closings are smooth and secure!