7A Testing the Hypothesis Part 1

7A

Title Insurance companies in the United States are unable to reliably keep in contact with Title Searchers in all 50 states, because of the inability to establish key professional relationships and hammer out the monetary boundaries on each side.

Testing the who: there are many Insurance Companies who need access to Title Searchers who can reliably turn in work in a short amount of time.

Testing the what: Not all states have a need for manual Title Searchers as there is a lot of online public records, eliminating the need for someone to go to the Court House. 

Testing the why: Most companies have a hard time maintaining the relationships because they have so many clients they have to please. The manpower needed to call, email, fax, the Title Searchers regularly just is not worth it for the Title Insurance companies.

Interviewing workers at multiple Title Insurance companies, (confidentially) they have expressed that the solution to this problem is very simple, and is easily reached. They have all agreed that a middle man is needed to keep track of all of the Title Searchers in the United States, and be the segue between the Searchers and the Companies. The service provided needs to be prompt as the lenders often require turn around times that are a bit ridiculous, (24-48 hours). From the interviews I did find out some tips and tricks on how to go about contacting all of the Title Searchers in all 50 states, as there is going to be a lot to handle. What I took from the interviews the most, was the sheer amount of positive reviews for this idea of creating the service for the Title Insurance companies.