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Home > Property Insurance Coverage > Title Insurance > UNITED TITLE AGENCY
UNITED TITLE AGENCY
With technology, advanced programs and a team of experienced, dedicated professionals their commitment is to provide fast turnarounds, accurate work and to build a relationship with all their clients, present and future. To utilize the latest technologies and software to keep up with the demands of their clients and to provide quick and seamless orders. Although they look towards the future they must also continue their commitment to provide old fashion service and quality. Their first priority is their clients and their satisfaction. They invite attorneys, lenders, realtors, builders and buyers to an agency that puts you first. United Title Agency insurance has helped make that dream a reality. Since its emergence in the late years, title insurance has become a fundamental part of home ownership in the United States.
A homebuyer obtains a title insurance policy during the closing process and it takes effect after the buyer assumes possession of the home. Unlike other types of insurance that involve ongoing payments, a title insurance policy requires just one payment. That one payment protects the buyer for as long as one owns the home. If a financial claim against the property arises any time after the purchase, title insurance pays for the claim enabling the policyholder to retain ownership of the home.
Title insurance protects mortgage lenders as well as homebuyers. Clear transfer of title and legal guarantee of ownership reduces the inherent financial risk of each mortgage loan. In addition, the assurance of clear title enables lenders to give security to their mortgages by selling them to Wall Street investors. Securitization enables lenders to retain cash and thus make a larger volume of loans, at lower interest rates, than without securitization.
Title insurance and securitization are exclusively U.S. innovations that have contributed to their country's high rate of home ownership. By reducing the risk of mortgage loans, title insurance enables lenders to offer long time term property mortgages with lower interest rates. These buyer friendly financing opportunities make it possible for more people to own their own homes. In countries that do not have title guaranty, mortgages come with much higher risk and higher interest rates.
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