The Building Blocks of Title

In a changing business environment, leaders give their perspective on what’s holding back title professionals and what can propel them forward. Editor’s note: This feature originally appeared in the May edition of MReport.

2018 was a good year for the title industry. In fact, the operating margins for the four largest underwriters in the industry increased to 11.5% according to a report by Fitch Ratings, which said that title underwriters benefited from the positive macroeconomic factors such as employment growth and rising property values. These, along with “disciplined underwriting and expense management,” led to the strong showing of most title companies during the year.

According to Forbes, this growth of the $15 billion industry is projected to continue through 2020 but how can title professionals ensure that success? While opportunities abound, the experts who spoke to MReport said that title agents will first need to overcome the dual headwinds of consumer engagement and online security.

The post The Building Blocks of Title appeared first on theMReport.com.

 

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