Everest Land specializes in helping lenders, developers, pension funds, REITS, banks, insurance companies, and other real estate owners and lenders form legally-compliant joint ventures in title insurance (or other settlement services) and transition to state-of-the-art, web-based, real estate transaction management systems. Everest Land will manage and service the settlement of your company’s most complex commercial acquisition, disposition, and refinancing activity through a fully-licensed title insurance agency, partially or wholly owned by you.
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.
To form a legally-compliant joint venture in title insurance:
Choose an industry partner. An industry partner must be capable of delivering accurate and responsive real estate transaction management services. Real estate lenders and owners considering a title insurance joint venture should be aware of the strengths and weaknesses of underwriters and independent agents as joint venture partners.
Negotiate business deal. A title insurance joint venture is often structured as a 51-49 partnership between a lender or real estate owner and a title insurance agency or underwriter but alternative structures are possible.
Comply with laws. Lenders and owners should obtain a legal opinion and/or indemnities to ensure limited liability and compliance with federal and state insurance laws.
Arrange staffing. Lenders and owners often have the choice of working with the staff of their industry partner or personnel from the direct operations of a major underwriter.