“Every industry can be more transparent. Not just real estate, but across the board. What happened with mortgage firms over the last five years or so has fueled this,” adds Arcidiacono. “There is a sense of urgency and we’re seeing everybody taking measures to be more transparent.”
Considering the various title defects that could possibly occur throughout, or even after, a transaction, a one-time premium could protect homeowners from any title issue that may come their way. And knowing that astute lenders want to be insured against these same financial stressors should be enough to get homeowners off the fence and into their own title insurance policies.
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