First American Title Insurance Company: A Comprehensive Look

First American Title Insurance Company is a leader in the title insurance industry. The company has been in operation for more than a century, and its services range from residential and commercial title insurance to mortgage services, property reports, and more. Its commitment to service excellence and innovation have made it a go-to partner for real estate professionals around the world.

The History of First American Title Insurance Company

First American Title Insurance Company was founded in 1889 in Los Angeles, California. The company has grown significantly since then, with its footprint expanding to all 50 states and 70 countries around the world. It remains headquartered in Santa Ana, California, and has more than 18,000 employees.

First American Title Insurance Company is a subsidiary of First American Financial Corporation, a Fortune 500 company that was named one of Fortune Magazine’s Most Admired Companies for 2020. The focus of the company has always been on providing outstanding customer service and innovative products, which has helped it to maintain its position as a leader in the industry.

First American Title Insurance Company Services

Title Insurance

First American Title Insurance Company is one of the largest providers of residential and commercial title insurance in the world. Title insurance is an insurance policy that protects property owners and lenders against loss or damage due to defects or problems with the title to a property. First American Title Insurance Company offers a range of title insurance products and services, including:

Mortgage Services

In addition to title insurance, First American Title Insurance Company also offers a range of mortgage-related services such as closing and escrow services, appraisals, and flood zone certifications. These services help lenders and borrowers navigate the complex process of mortgage lending and ensure that all parties are protected.

Property Reports

First American Title Insurance Company provides a variety of property reports, including property profiles, title searches, and flood zone determinations. These reports help property buyers and sellers to make informed decisions about their transactions and ensure that they are aware of any potential issues or risks.

FAQs

What is title insurance?

Title insurance is an insurance policy that protects property owners and lenders against loss or damage due to defects or problems with the title to a property. This can include issues related to ownership disputes, liens, and other title-related problems.

Why do I need title insurance?

Title insurance is required by most lenders as a condition of obtaining a mortgage. It helps to protect both the lender and the borrower against losses related to title defects or ownership disputes. Even if you are purchasing a property with cash, title insurance is recommended to protect your investment.

How much does title insurance cost?

The cost of title insurance varies depending on the location of the property, the type of property, and the amount of coverage needed. On average, title insurance costs between 0.5% and 1% of the purchase price of the property.

What is a property profile?

A property profile is a report that provides information about a specific property, including its legal description, ownership history, and tax and assessment information. It may also include information about zoning, building permits, and other property-related data.

What is a title search?

A title search is a review of public records to determine the ownership history of a specific property, as well as any liens, judgments, or other issues that may affect the title. It is a critical part of the title insurance process.

Conclusion

First American Title Insurance Company is a leader in the title insurance industry, and its commitment to service excellence and innovation have helped it maintain its leading position for over a century. Its comprehensive range of services, including title insurance, mortgage services, and property reports, make it a valuable partner for real estate professionals around the world. If you are in the market for title insurance or related services, consider working with First American Title Insurance Company.