Learn more about lender owned title insurance joint ventures or inquire (866.945.4200) about Everest Land managed title insurance agencies.
Six Ways for Lenders to Capture Real Estate Settlement Fees
In these challenging times, banks, life insurers, pension funds and other mortgage lenders looking for revenue should search no further than their existing residential origination and commercial lending groups. Settlement services tied to U.S. commercial mortgage loan closings constitute a multibillion-dollar sub-industry. By creating joint-venture title insurance agencies and using affiliated and preferred vendors, residential and commercial lenders could net significant additional revenue without increasing loan production. Go to article.
Lenders have several options for driving settlement services to affiliates and preferred vendors without violating anti-tying laws:
Title Insurance JV - Services offered in a title insurance joint venture include commercial and residential title insurance, WebSigning, closing services, escrow & recording services, property reports, and lists & leads. To learn more about individual products and services offered in a title insurance JV, click their link: WebSigning, Recording Services, Property Reports, Lists & Leads.
Document Production JV - Services offered in a document production joint venture include outsourcing bank loan document preparation, and form revisions & updates. Document production joint ventures are based on a service bureau model, freeing a bank's General Counsel's office for more critical functions. Learn more about these services here.
Valuation JV - Services offered in a Valuation JV include Traditional Appraisals, Non-Traditional Appraisals, and Review Appraisals. Learn more about these services here.
Property Information JV - Services offered in a Property Information JV include delivering lien reports, property reports, construction, mortgage, marketing, demographic, trend, tax, and valuation information enterprise-wide. Learn more about services offered by a Property Information JV here.
Flood JV - A Flood JV delivers flood reports enterprise-wide.
Credit JV - A Credit JV delivers credit reports enterprise-wide.
Vendor Management JV - A Vendor Management JV managing all mortgage and real estate related vendors enterprise-wide.