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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

Examination ModelABA

Owning an Interest in Your Own

Title Agency

Providing Better Service to Consumer

Confidential - CourthouseDirect.com

why own a title agency
Why Own a Title Agency?
  • Diversify Income
  • Control Transactions
  • Quality Title Products
  • More Convenient
  • Better Customer Service
  • Greater Profits

Confidential - CourthouseDirect.com

must perform core services
Must Perform Core Services

Three (3) Ways to Earn Title Premiums

Confidential - CourthouseDirect.com

aba business models
ABA Business Models
  • Evidence Model
  • Escrow Model
  • Full Services Model

Confidential - CourthouseDirect.com

typical aba models
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

why examination model
Why Examination Model?
  • Better for Consumers
  • More Control
  • Less Risk
  • Low Fixed Costs
  • Fewer Regulatory Issues
  • Choose Escrow Service
  • Highly Profitable

Confidential - CourthouseDirect.com

can i make money selling title insurance
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

getting started
Getting Started
  • Team with Title Industry Professionals
  • Discuss Objectives with Underwriters
  • Obtain Agency License from Texas Department of Insurance (TDI)

Confidential - CourthouseDirect.com

questions answers
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

win win business arrangement

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

slide11

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

examination model aba1

Examination ModelABA

Owning an Interest in Your Own

Title Agency

Providing Better Service to Consumer

Confidential - CourthouseDirect.com