| Imagine Having the Immediate Prior Policy on Every New Case. . . | ||
That's the magic of FeeSimpleHosting. It will transform title companies into something quite different and more modern than they are today. It will make available to them the last policy issued on every property title they examine, every title in America, something of enormous value and something far beyond the present capability of any title company in the nation, regardless of size. Today, a title company’s likelihood of having issued the last policy on any given property is roughly the same as its market share. At a 25% market share a company has a 25% chance, one chance in four, of having issued the last policy. FSH changes that, making available to that company the entire store of 'last policies', the entire 100%, in a system much faster, more reliable, and more automated. Armed with a steady stream of 'last policies', the vast majority of new searches will be one-owner searches, finding nothing new of record. This is a highly significant statement with vast implications. Even veteran title people will have to sit down and carefully think about what it means, how it will change their business, modernize the industry, and improve their ability to serve customers. |
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