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Home » Store » News » Mortgage Market Acceptance Unclear for New Title Insurance Alternatives

Mortgage Market Acceptance Unclear for New Title Insurance Alternatives

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Providers of traditional title insurance are raising heated objections to alternative lien protection coverage being provided by a major mortgage conduit and a private mortgage insurer. Residential Funding Corp. last month rolled out its abbreviated title search product through its Homecomings Financial subsidiary. According to company officials, the new title program saves time and cost because of the policy’s streamlined form and its delivery through e-commerce technology, reducing title insurance costs by one-third.
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