Most local title agents are forced to turn down out of state business due to stringent licensing requirement and staffing.
Rockville, MD, April 28, 2010 — Most local title agents are forced to turn down out of state business due to stringent licensing requirement and staffing. Because customer service and one-stop-shop relationships are very important to mortgage originators, local title companies can benefit from title services beyond their local service area. As a solution, Closeline Settlements offer its Agency Services platform so title companies can service a broader market without leaving their local service area.
“We offer a seamless solution in which the local title company maintains the relationship with the client, and we handle the back office processing,” said Tanya Themistokleous, Senior Vice President, Marketing and Sales at Closeline Settlements. “This service is a big advantage for local title companies. They are able to maintain their existing relationships as well as service new clients with out of state needs, and still remain as the single point of contact. “
Closeline is individually licensed in all the states where they do business and is dedicated to offering the Agency Services program that abides by all current laws and regulations. Not all companies offering this type of service adhere to this strict level of compliance. Partnering with a company that does not follow specific regulations that guide these relationships can be a risky endeavor.
“What many people don’t realize is that the guidelines for title company partnerships have recently been altered in order to further prohibit kickbacks and unearned referral fees,” said Themistokleous. “Agency Service relationships need to be handled in a very specific way in order to maintain legalities and comply with RESPA regulations. Our legal team consistently monitors these relationships to ensure that we are providing the highest level of service to the local title companies and their clients at the highest level of compliance.”
Closeline’s Agency Services program helps local title companies grow their businesses. Whether they are interested in servicing a few additional states or want to offer nationwide services, Closeline can help. Closeline offers the following:
Single point of contact nationwide
Centralized processing for a seamless transaction
Web based settlement system to oversee and manage title orders 24 hours/day
Customized work share programs
“The Title Agency Services Department at Closeline Settlements is always on the ball. We have very high standards for everything that we do and it is obvious that Closeline does as well,” said Ryan Geiger from Summit Ridge Title.
About Closeline Settlements
Closeline Settlements was founded in 1993 by attorneys Michael P. Bell and Elliot M. Liss. Since that time, the national title company has grown into a multi state title agency that services 45 states. By utilizing proprietary technology, Closeline Settlements developed a web based platform which allows Closeline Settlements and its sister organizations to have a multi-state branch network around the country. Unlike the competition, quality of service is consistent in every office. Closeline’s proprietary and innovative products allow them to offer a full range of customized title and settlement services. For more information about Closeline Settlements and their services, please visit www.closeline.com or call 301-795-2880.
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Contact:
Meg Fullenkamp
Closeline Settlements
1300 Piccard Dr Suite L-105
Rockville, MD 20850
301-795-2880
[email protected]
http://www.closeline.com/agency_services.asp
