Counselors Title was founded on providing consumers real savings. While other settlement companies reduce their fees or provide credit offsetting their fees, Counselors aggressively promotes the reissue rate on the title insurance premium potentially providing tremendous savings.
Below is an example of potential reissue savings in a District of Columbia transaction (Standard Eagle Owners Coverage)
Debunking the Myths
Q. Receiving the reissue rate on title insurance will only cost my client time and frustration because it is up to the buyer to obtain the seller’s title insurance policy.
A. False. Counselors Title will do the work for the buyer. We will obtain the information we need in order to ensure the buyer is saving as much money as they can.
Q. Why do other companies not promote the reissue rate?
A. It costs them time and money. Many other companies are unwilling to make the extra effort to save you money because it costs the time to research the potential savings and ultimately generates less revenue for their organization. Furthermore, many title companies are owned by, or in a joint venture relationship with, large Real Estate brokerages and Mortgage companies. These companies must share the title premium with their partner and therefore do not have enough revenue to be viable if they do not charge the full title premium.
| Coverage Amount of Prior Policy | Savings |
| $250,000.00 | $684.00 |
| $400,000.00 | $1,051.20 |
| $550,000.00 | $1,404.00 |
| $700,000.00 | $1,728.00 |
| $850,000.00 | $2,052.00 |
| $1,000,000.00 | $2,316.00 |
| $1,500,000.00 | $3,312.00 |
| $2,000,000.00 | $4,248.00 |
| $2,500,000.00 | $5,184.00 |
