Approved Attorney Process

Old Republic Title is committed to the growth and strength of our agents.  One way to demonstrate this commitment is to join attorneys and agents together to create approved attorney relationships.  By partnering an attorney with an agent, both entities are able to reap the financial benefits.  The attorney is now able to share the title insurance fees; including the closing, title examination, document preparation fees and others. The agent brings in additional business as well as an attorney relationship to utilize in situations of estates, quiet title actions, etc.

What are the responsibilities of the Approved Attorney?

• Submit a “Preliminary Certificate of Title” on behalf of your client to an Old Republic Title agent
• Clear the title commitment of requirements with appropriate evidence, conduct the closing and disburse funds
• Record all applicable settlement related documents
• Submit an Approved Attorney “Final Report of Title”
  • Included with the Final Report are:
    • Premium remittance check
    • Copy of title commitment with Evidence of Release/Satisfaction of all Objections to Title
    • Copy of recorded documents or copies of documents with proof of recording
    • Original executed ORTNIC required documents; including Owner’s Affidavit  and/or Purchaser’s Affidavit
    • HUD Settlement Statement
• Review and mail owner’s and lender’s polices to applicable parties

What are the agent’s responsibilities?

• Prepare and deliver a title commitment based on a review of the Preliminary Certificate
• Prepare and deliver the applicable final owner’s and/or lender’s title insurance policies based on information provided with the “Final Report of Title”

What are the benefits?

• Strengthen your relationship with your client and ensure them of a smoother real estate transaction knowing you have more control of the process.
• Becoming an Approved Attorney with an agent for Old Republic Title will allow you additional revenue on real estate closings.  According to the Pennsylvania Title Insurance Rate Manual section 5.51, below is a list of the Approved Attorney rates:

SCHEDULE OF RATES - APPROVED ATTORNEY PROCEDURE
 
            The Charge for Owners, Leasehold and Mortgage Insurance shall be:
 
UNIT OF INSURANCE
            OR
FRACTION THEREOF
 
$ 0 to $30,000............................................................................................. $125.00
 
$30,001 to $100,000.................................... add $3.25 per $1,000 or fraction thereof
 
$100,001 to $500,000.................................. add $2.75 per $1,000 or fraction thereof
 
$500,001 to $1,000,000............................... add $2.50 per $1,000 or fraction thereof
 
$1,000,001 to $2,000,000............................ add $2.25 per $1,000 or fraction thereof
 
$2,000,001 to $7,000,000............................ add $2.00 per $1,000 or fraction thereof
 
$7,000,001 to $30,000,000.......................... add $1.50 per $1,000 or fraction thereof
 
 
How do you start?

• Complete the application and return it to Old Republic Title
• Return the application to our office or contact us with any questions.
• We will introduce you to an agent in your area
• Start making money!