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How is an individual or corp licensed as a title insurer in NY?In: Title Insurance |
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Title Insurer
The State of NY does not regulate the licensing of title insurance producers.
Therefore you can set up as a title insurance agent by creating your company structure (Corp, LLC, etc.) and speaking with a Title Insurance Underwriter to sign an agency agreement with them.
Once that is arranged, you would move forward as in any business:
- Identify your business location
Hire Key Staff for title examination and policy work
Set up your searchers
Purchase or Lease Title Production Software
Purchase your Errors and Ommissions Insurance
Market your services, etc.
In order to become a Notary in the State of NY, which will be required if you will be closing loans directly, needing acknowledgments and notarizations, you do need to take the NY Notary course and pass it to obtain your NY Notary Commission.
First answer by TitleGeek. Last edit by TitleGeek. Contributor trust: 96 [recommend contributor]. Question popularity: 14 [recommend question]
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