Save on Closing Costs com publishes actual quotes for California based real estate settlement services - including combined title insurance and escrow fees
Released on = May 6, 2007, 10:31 am
Press Release Author = SaveonClosingCosts.com
Industry = Real Estate
Press Release Summary = Bonafide proof that real estate settlement services - including title insurance and escrow processing - is available in California at rates lower than those published online by title insurance companies
Press Release Body = San Francisco, CA - SaveonClosingCosts.com is a free online service that helps consumers find the best rates possible for closing costs on their real estate transaction, in particular title insurance. The service is remarkable because it provides ACTUAL bonafide quotes on combined title insurance and escrow rates in California. Most sites that function to find closing cost rates for the consumer do not disclose the actual rates on the site and require the customer to make an online inquiry. Besides title insurance and escrow quotes, SaveonClosingCosts.com also provides assistance with inquiries on other real estate vendors and professionals, including mortgage brokers, realtors and 1031 Exchange companies.
Title insurance companies have historically worked with real estate professionals in provisioning title insurance for their clients. The consumer usually accepts their real estate professional\'s choice of vendors and are sometimes surprised by how high the closing costs are. SaveonClosingCosts.com\'s mission is to reveal the best rates on title insurance and other settlement costs for comparison purposes.
Only a few title insurance companies - Old Republic, Alliance Title and Ticor Title are among them - publish their California rates online for comparison. Besides online quotes from these companies, title insurance brokering services like TitleInsurance.com and GetTitleInsurance.com act as lead generation services by offering to connect online customers with local title insurance companies who pay for the leads and provide a quote. SaveonClosingCosts.com is different from these brokers by actually listing bonafide examples of the lowest title insurance and escrow fee quotes in California.
Dean Guadagni, representative for SaveonClosingCosts explains,\"up to now, the five principal title insurance companies that collectively underwrite over 90% of the title policies in the U.S. have relied on maintaining their pricing structure by matching and adjusting their rates to their competition. Lately, some settlement companies are breaking rank to create pricing competitive advantages. SaveonClosingCosts.com will post bonafide \"one fee\" quotes for combined CLTA homeowners\' title insurance policy plus escrow fees that in some cases may be lower than other underwriting title insurance company\'s quote for their CLTA policy alone. There\'s no cost-cutting, the underwriters are always one of the five major title insurance companies. What\'s happening? There are new business models developing within the title insurance and escrow industry that are putting downward pressure on pricing. Finally, the companies that are revolutionizing pricing are often the ones that are redefining service quality, often through technological innovation.\"
SaveonClosingCosts.com is in the forefront of developing relationships with the new real estate settlement services providing new and welcome pricing and servicing advantages to the real estate transaction. Contact them at www.SaveonClosingCosts.com or by phone (800) 928-4794.
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