What’s the Difference between an Underwriter and a Title Agency?

Posted by Amrock

We’re asked this question quite a bit and thought it would be a good idea to tackle it with you, our subscribers. Let’s break it down:

An underwriter is an entity that authorizes and issues authority for its agents to write title insurance policies. The underwriter assumes financial risk and actually insures the property against insurance defects. Title insurance underwriters agree to defend the owner of the title policy in court should ever any undiscovered legal issues arise with the title.

An agent for the underwriter must qualify with the underwriter and meet very strict standards to remain an agent for any particular underwriter.

A title agency, like Title Source, is authorized to issue title policies and prepare documents for those transactions. Title Source representatives do not represent the parties involved in a transaction and cannot give legal advice.

Title Source is one of the largest independent title agencies in the nation. We leverage close relationships with leading title insurers to provide our clients with risk diversification, competitively priced coverage and coordinated underwriting. Title Source is proud to be an authorized agent of the highest rated title insurers in the industry: First American, Fidelity National Title, Chicago Title, Commonwealth, Old Republic Title, Williston Financial Group and Stewart Title.