How the Right Title Insurance Agency Makes All the Difference

A woman wearing a bow tie pointing to a graph on a computer screen.

If you work in the real estate industry, whether you’re dealing with commercial or residential properties, you probably know how valuable an effective title insurance policy can be. That’s why it’s so important to work with a professional title insurance agency in North Carolina.

The right title insurance agency will make all the difference in executing a smooth and successful real estate transaction. But, if you’re new to real estate, you might be wondering what the difference is between a title insurance agency and a title insurance company.

We’re here to set the record straight. Here’s everything a title insurance agency does, and why you should work with one for your real estate transactions.

An Agency Ensures the Home Has a Clean Title

As you know, title insurance protects the new home owner in case any issues come up with the property’s title. While all mortgage lenders in North Carolina require title insurance, homebuyers have the option to purchase it for themselves. As such, there are two kinds of title insurance: lender’s and owner’s.

To obtain title insurance, you must work with a title insurance company. The title insurance agency represents the company during the real estate transaction.

However, the most important and beneficial aspect of the agency is the research they do into the property—and its title. The title insurance agency does a deep dive on the property’s title throughout history. By doing so, they can guarantee that the property is a worthwhile investment.

What Does the Agency Look Into?

Basically, the title insurance agency makes sure that there aren’t any outstanding issues preventing the home from being sold. They look for ownership issues, liens, or loans that must be taken care of to ensure the home’s title is clean and ready to be transferred.

Additionally, they look for any legal restrictions on the property that might prevent a sale—or end up costing the new owner money.

After completing their research into the property, the title insurance agency will issue a letter detailing their findings on the property’s title. If any issues are present, there will be time for the property’s current owner to resolve them before officially selling the property.

So Who Issues the Title Insurance Policy?

While the title insurance company actually issues the policy, the agency is responsible for doing an initial underwriting of the policy. This is highly valuable to home buyers because the agency takes a completely objective look at the title history before writing the policy.

In addition, the title insurance agency takes on the risk if the title ends up being faulty.

Looking for a More Streamlined Real Estate Transaction?

If you’re still on the hunt for the perfect title insurance agency in North Carolina, consider working with Tryon Title. We have many years of experience serving clients in all of North Carolina’s 100 counties, and have valuable insight into how this real estate market works.

Plus, our underwriters and title insurance experts offer quick turnaround times and world-class customer service. If you’re interested in learning more about working with a title insurance agency, please reach out to us today.