Lower Premiums Than Any Other Title Agent
Title insurance premiums vary from purchase to purchase, as they are based on the purchase price and mortgage amount on a property. Because of this, they can get very expensive and inflate closing costs dramatically.
Thoroughbred Title Services is the only reduced-rate title agent in New York State, able to offer title insurance premiums that are 10% lower. The premiums that title insurance companies cite have to be approved by the state, and historically, have been offered at a uniform rate. But Thoroughbred Title Services changed that.
How is Thoroughbred Able to Offer Lower Premiums?
In 2010, our underwriter, with the help of Thoroughbred and Houlihan Lawrence, was able to secure approval from the New York State Department of Insurance (now the New York State Department of Financial Services) to offer premium rates 10% below our competitors. We’re able to offer the lower rate alongside reduced-fee title services, which means you can save your clients as much as 26% on closing costs if they use Thoroughbred.