FSH Working Group

The FSH Working Group: Report and Recommendations
Moving Forward				FeeSimpleHosting
	This website is about title insurance. . .		Defining Documents	FeeSimpleHosting
			Defining Documents	in brief
			• Introducing FeeSimpleHosting. The original proposal document used for in-person presentations to senior management of the major underwriters. • FeeSimpleHosting in Detail. The entire FeeSimpleHosting undertaking in complete detail. Fifty-two organizational, structural, technological, financial, and legal documents.	in brief
						▪ Every title policy, nationwide ▪ Posted to an electronic pool ▪ Accessible via the internet ▪ By any title company needing it ▪ Go-forward posting mandatory ▪ Back policy posting is optional ▪ Retrieval is optional ▪ No charge to post ▪ A fee to retrieve ▪ Fees divided so everyone wins ▪ Underwriters enforce posting ▪ Must be industry-wide ▪ Technology provider: IBM
		It describes a new initiative that will dramatically lower its cost.
		An online pool of previously issued policies will be built, national in scope and open to title companies everywhere.
			Recent developments . . .
			Recent developments . . .
		It will revolutionize and transform the industry.	Letter to five major title insuring families, March 21, 2008 urging them to reconsider. Click here for the letter. Click here for accompanying Executive Summary
		It will revolutionize and transform the industry.			Isn't universal file sharing simply a logical and obvious idea? *Yes, but in a thousand years the nation's title companies, left to themselves, would never come up with it, never agree to it, and never figure out how to get it done . . .*
	About the FSH Working Group Seldom in business has there been a story quite like this. A group of title insurance executives got the idea and saw the possibilities. They took it upon themselves to bring that idea into reality.

			Who will own and control it? FeeSimpleHosting, Inc. is a new corporation that will be owned by the title industry.
					. . and that’s why the Working Group spent two years doing what it did. *It resolved every operational and structural detail, every rule of governance, technology, and finance.* *All the title industry has to do is say yes.*
	Aren’t Prior Policies put to use now? Aren’t they shared? To some extent, yes, but much less than you’d think. Title companies like to believe they are and they will tell you they are, but in the main they aren't.
			Why in the world haven't the major title insurers quickly said yes to this? You will have to ask them. After several years of denial they continue to ignore it. It would cost them virtually nothing and would bring them signficant benefits.
					Why some title insurance people can sometimes be skeptical . . . until they sit down and study it. . .
	Who will benefit? Everyone will win, no one will lose. That's the way it's designed.
					Discussion. . . "Universal File Sharing: When Will It Come?" "Frequently Asked Questions" "A Few of the Problems Some Title Companies Seem to Have With It"
			Have lawmakers, regulators, and consumer groups taken an interest?
	Title Examiners: imagine having the immediate prior policy in front of you on every case.
			How you can help move this important initiative forward . . .
	That’s the magic of FeeSimpleHosting. It dramatically changes the job of certifying and insuring title