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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Title cos. roll up tech sleeves

March 12, 2003

ALTA®'s Tech Forum in Las Vegas takes a look at what's ahead

Inman News Features

Title professionals gathered in Las Vegas during the American Land Title Association's Tech Forum this week to talk about what's hot in the title industry.

The forum featured five national title underwriting families participating in a panel discussion of technology advances in the industry, as well as an exhibit of more than 30 technology vendors.

The five national title underwriter families participated in a panel discussing technology advances and how they will affect the industry.

When asked whether electronic mortgages and paperless closings will only succeed in the top major markets, the underwriters said that e-mortgages are coming but that the industry needs further standardization to make them a reality.

The participants also touched on the possibility of application service providers (ASPs) and browser-based networks resulting in a more virtual workplace for all sizes of businesses. Some felt ASPs and browser-based networks are where the industry is heading and would provide an opportunity to better serve customers, but others felt they would be difficult to execute without a strong central office and that not all sizes of businesses needed them.

The underwriters also discussed how agents can prepare for the world of packaging, suggesting that agents start bundling now with underwriters to process orders and deliveries electronically in order to be relevant to local lenders. Participants said lenders are already packaging and want to look at the efficiencies of working with one provider for all of their needs, so agents need to get their processes electronic in order to compete.

ALTA's next Tech Forum is slated for March 14-16, 2004, in New Orleans.

Washington, D.C.-based ALTA is a national trade association of title professionals.

Copyright: Inman News Service

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