Game strategy is not the same as picking up errors that even prior readers have missed in documents.

What do you do when you have fraudulent deeds with fake buyers and sellers on one property that has now been closed and sold by the same "buyer" and "seller" and recorded within days of each other?  Title is going to show that the first transaction paid off a mortgage.  Subsequent deeds are going to show the mortgage paid off.  Lender is sending a notice saying, "We are in receipt of your payoff and it's being processed"

Did you find the red flag right away?  Took a judge and a court to decide.

Computers read garbage in, garbage out.   They only know what they know.  

I also worked in the dot com sector with many tech companies including IBM.  Back in the 1990's when people were questioning if that internet thing was going to stick around or be a fad.

In addition to my core business, I also consult to title production software companies.   Most programs still rely on "other people's input".   

You have to ask, how is IA going to reduce RISK?  Since insurance is all about RISK and RISK Management and RISK control.

I could MAYBE see underwriter title plants where they self-insure.  But even that is not 100%.  We did several transactions in Iowa years ago, in a State that issues state insured policies using title plants.

Guess what, one of the first deals we took, had a property that had been subdivided.  The taxes and the mortgage both listed the wrong property.  HUMAN ERROR.

So, IA would have to have "realization" that the property was the wrong one.  It took 2 days to clear up the issue with the tax office and they admitted it was their mistake.  When the property was divided, they interchanged the L/B with the new property.  And then, we had a mortgage the wrong property. 

"HAL's head would have exploded  LOL   to post a reply: login - or - register