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 Re: More good news about our industry...NOT
Posted by  JanetK_CA on 1/16/19 3:14pm

Agree with Cheryl that this is a "NOT". I think this article has some parallels for the title industry to what the articles on remote notarizing do for us. As with anything else, a digital solution is only as good as the accuracy of the data it depends on - and we all have a better idea than most of the types of errors there are in title records and how common they are.

I guess they figure the cost savings are worth leaving the headaches to be dealt with as needed. Plus, the big guys, at least, can probably afford to self-insure for E&O. The vast majority of transactions probably never do have any claims against title. In fact, I once met a title guy (in a non-business setting, or he probably wouldn't have dared) who joked that selling title insurance was like 'selling air'... Wink
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