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Examination Model ABA

Examination Model ABA. Owning an Interest in Your Own Title Agency. Providing Better Service to Consumer. Why Own a Title Agency?. Diversify Income Control Transactions Quality Title Products More Convenient Better Customer Service Greater Profits. Must Perform Core Services.

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Examination Model ABA

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  1. Examination ModelABA Owning an Interest in Your Own Title Agency Providing Better Service to Consumer Confidential - CourthouseDirect.com

  2. Why Own a Title Agency? • Diversify Income • Control Transactions • Quality Title Products • More Convenient • Better Customer Service • Greater Profits Confidential - CourthouseDirect.com

  3. Must Perform Core Services Three (3) Ways to Earn Title Premiums Confidential - CourthouseDirect.com

  4. ABA Business Models • Evidence Model • Escrow Model • Full Services Model Confidential - CourthouseDirect.com

  5. Typical ABA Models • Examiner Model - ABA employs Examiners to issue Title Evidence and Title Examinations and issues policies but outsources Closings.     • Escrow Model - ABA employees Escrow Officers to handle Escrow and Closings and issues policies but outsources Title Evidence and Examinations. • Full Service Model - ABA employs Examiners and Escrow Officers and issues Title Evidence and Title Examinations and performs escrow and Closings and issues Policies. Confidential - CourthouseDirect.com

  6. Why Examination Model? • Better for Consumers • More Control • Less Risk • Low Fixed Costs • Fewer Regulatory Issues • Choose Escrow Service • Highly Profitable Confidential - CourthouseDirect.com

  7. Can I make money selling Title Insurance? YES, If you…. • Have Quality Transactions • Control Costs • Hire Quality People • Know How to Run a Business Confidential - CourthouseDirect.com

  8. Getting Started • Team with Title Industry Professionals • Discuss Objectives with Underwriters • Obtain Agency License from Texas Department of Insurance (TDI) Confidential - CourthouseDirect.com

  9. Questions & Answers • ABAs are fairly common in other parts of the country. Why are there not more ABAs in Texas? • I realize there are different business models for ABAs, which is the best model for me? And Why? • What disclosures are required by RESPA when a Producer owns an interest in an ABA? Confidential - CourthouseDirect.com

  10. Consumer Wins Quality Evidence and Examinations delivered timely to a convenient closing office near them. Producer Wins More control over Closing process with quality Evidence and Exams delivered to choice of Closing offices. ABA Manager Wins Contributes skill and experience to set up and operate successful ABAs and earn a management fee plus a percentage of profits Confidential – CourthouseDirect.com 4-15-2010 Win/Win Business Arrangement Confidential - CourthouseDirect.com

  11. Abstracters and Examiners Win Contribute skill and experience to deliver a quality Evidence and Examination product for fair compensation Escrow Officer Wins Typically earns large portion of Premium plus 100% of Escrow Fee Title Plant Wins Earns money on each closed transaction plus Document charge (with minimal monthly fee) Underwriters Wins Underwriting known source of business with more control over risks and quality of Title Evidence and Examination service Confidential - CourthouseDirect.com

  12. Examination ModelABA Owning an Interest in Your Own Title Agency Providing Better Service to Consumer Confidential - CourthouseDirect.com

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