Once and for all.... I wish these folks would understand it's title insurance, not casualty insurance.

95% eh?

Let's see....

1,500 title fees =100%
-25% to the underwriter
$1,125.00 left
-300.00 ancillary services (exam, mobile closing)
$825.00 left
Payroll staff of 10 at an average of $10.00/hour + benefits
-$215.00 per deal payroll from 100 deals per month
$610.00 left
Title plant maintenance/ membership $3,000.00
-$30.00 per deal for title plant maintenance / memberships
$580.00 left
Utilities on average electric, gas, phone, internet, cleaning $2,400 per month
-$24.00 per deal for utilities
$556.00 left
Rent average $3,000 for mid size office with 10 staff
-$30.00 for rent
$526.00 left
I won't bother with taxes, you all know how bad it is.


As a past loan officer, I charged a $500,000 loan 1 point on the front.
$5,000
I also charge 1.875 points on the back
$9,375.00
Total $14,375.00
I got 45% = $6,468.75
-33% Tax = 4,333.00 take home.
(Not one of my prouder moments)

The loan app was a telemarketed lead, it took me 25 minutes to fill out the app. 30 minutes to have him sign his docs. 30 minutes to sit at the closing.

1 hour and 25 minutes versus how many title man hours on the deal?


As always they are looking at the wrong industry. I also have no idea why I am preaching to the choir, thanks for letting me get that off my chest. =)

George