February Mortgage Market Report

March 6, 2017

I am pleased to announce that we?ve become a policy issuing agency for the Chicago Title Insurance Company. Chicago Title is a nationally recognized brand in the title insurance industry. Together with First American Title Insurance Company, we now represent the top two underwriting companies. The flexibility of title underwriters, like other types of insurance companies, tends to reflect their current claims experience. The addition of a second underwriter will give us more choices when trying to solve title issues for our clients.

We?re making an upward adjustment to our closing and administration fees for all transactions closing on or after April 15, 2107. The cost of data security and health care for our team members continue to be driving our expense structure. Another communication addressing the changes more specifically will be sent to you within the next few days. If you have any questions, please let me or Kara Oltman know.

During February our team helped 238 people buy, sell or refinance their properties. We delivered seller side closing statements two or more days prior to closing over 95% of the time. Our turnaround time for new Monroe County title orders averaged 3.01 days. It?s a special accomplishment for our title team because we treat them to pie whenever their monthly turnaround time is better than 3.14 days!

Have a great March!

~ John Bethell