August 2016 Mortgage Market Share Report

September 8, 2016

Our team is especially proud of the work they do ? both the quality and the quantity of it.? We count and track a number of activities and tasks so that we know how we?re doing at providing a great experience to you and your clients.

During the month of August the team at John Bethell Title:

• Helped at least 431 people and corporations buy, sell or refinance their properties.
• Averaged 3.48 days to issue a commitment on Monroe County property with 87% of those commitments produced within four days.
• Delivered seller side closing statements 3 or more days prior to closing 64% of the time and 88% in 2 or more days prior to closing.

These three measurements give us good insight into how we?re doing. Helping people complete real estate transactions and create a great experience doing so is why we?re here. When we relate our role to the number of people we help, we can appreciate the important relationships that we create along the way.

How long it takes us to issue a preliminary title insurance commitment after we receive the order is a fundamental metric. The sooner we can do that, the more time everyone involved has to meet the requirements necessary to complete the transaction. And since a title commitment is usually necessary to get loan approval, it contributes to accelerating that process as well.

A number of activities must be completed in order to produce seller side closing statements two or three days prior to closing. Authorizations and payoffs must be obtained. Title requirements must be cleared. Purchase agreements are reviewed, interpreted and clarified. There are literally dozens of details and tasks to finish.

We?ll be sharing our key metrics with you each month, good or bad. We think that you should know. And we think it will make us more accountable to providing a great experience for you and your clients.

~ John Bethell