FSH Working Group

FSH Working Group, LLC A small group of independent title insurance executives
			FeeSimpleHosting
	This website is about title insurance. . .	June, 2009	FeeSimpleHosting
			in brief
		Presenting
	It describes an important initiative that will dramatically lower its cost

					▪ 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

	An online pool of previously issued policies will be built, national in scope and open to title companies everywhere	What's happening now . . —May, 2009. FSH Working Group prepares appeal to the major underwriters: It's time to do it. — April, 2009. "How a Fateful 2002 Decision by Fidelity National Threatened the Title Industry's Best Chance for Modernization in Half a Century" A series now running in the Condell Private Letter. —January, 2009. No better time. Mortgage meltdown, recession, and increased scrutiny make FeeSimpleHosting imperative. —August, 2008, FeeSimpleHosting declared an integral and critical part of the Five Point Future for the modernization of the land title industry. . —May 2008, the major title insuring families are urged to reconsider. Click here for the letter or an accompanying Executive Summary
	It will revolutionize and transform the way title insurance is written
	It's called Fee Simple Hosting and it's ready now to be put in place
	Originally put forward in 2002, it is more necessary now than ever before, and less expensive to do.			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 . . .*
	Had it been put in place in 2002 there would now be 66 million policies in its online pool
	About the FSH Working Group . . Seldom in business has there been a story quite like this. A group of title insurance executives get the idea and see the possibilities. They take it upon themselves to make it happen. They continue today in 2009 to do all they can to bring this highly meaningful change to the business of title insurance.			. . 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.*
		Defining Documents
		• Introducing FeeSimpleHosting. The original proposal document handed to senior management of the major underwriters. • FeeSimpleHosting in Detail. The entire FeeSimpleHosting undertaking in complete detail.

				Why some title insurance people can sometimes be skeptical . . . until they sit down and study it. . .
				Discussion. . . "Universal File Sharing: When Will It Come?" "Frequently Asked Questions" "A Few of the Problems Some Title Companies Seem to Have With It"
	Don't title companies utilize previous searches now? Don't they share them? 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.
		How will it actually work?
		Finding a prior policy is easy. Click here to find out how.
		Posting new policies is easy Click here to find out how
		Posting new policies is easy Click here to find out how		How you can help move this important initiative forward . . .
	Who will benefit? Everyone will win, no one will lose. That's the way it's designed.	There are some important rules. Click here to see them
		There are some important rules. Click here to see them		For more about FeeSimpleHosting, visit www.thePointofBeginning.com
		Who will own and control it? FeeSimpleHosting, Inc. is a new corporation that will be owned by the title industry.

	Title Examiners: imagine having the immediate prior policy in front of you on every case.
		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 significant benefits.
	That’s the magic of FeeSimpleHosting. It dramatically changes the job of certifying and insuring title


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