A title company joint venture is created when two parties come together to form a company, typically a limited liability company (LLC) that incorporates in one or more states to then become licensed and underwritten as a title insurance agency. Typically in the industry, the groups that come together to form a title company joint venture are existing title professionals, usually a local title agent with an existing title company, and a real estate brokerage, mortgage lender or real estate investor.
What does a joint venture look like for our partners ? To start, they
Own Their Own Title Company
experience a turnkey joint venture, ready to scale
Rely on our team of experts to help manage the business
Offer a proven future-proof technology platform to their team
Enjoy sky-high adoption
Receive compliant title revenue
Learn more about what a title company joint venture is and why parties come together to form a new business partnership.
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Who you partner with when transitioning out of your title company matters. PEAK has a proven platform and history of success to ensure the legacy and future growth of your title company.
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By partnering with the “Peak Perks JV Program” we instantly added a bolt on business and started generating additional revenue on the same transactions.
Frequently Asked Questions
There are quite a few benefits to owning a title company, which is why existing real estate professionals are interested in learning more about title company joint ventures, starting your own title company, or title company franchises. Some of these benefits include control over business systems, realizing title profit and diversifying revenue streams.
No. In a title company franchise, which might sound appealing at the top level, you are responsible for the majority of operations and responsibilities that could pose risks of failure for the business. You are also buying into their existing systems and business practices, which can be inflexible, unfamiliar with your local market conditions, and slow to adapt to the rapidly changing real estate landscape. For these reasons, Peak Title recommends and specializes in title company joint ventures, with a proven track record of success.
Title company partnership poses many benefits for real estate industry professionals who are already established (own a real estate brokerage or mortgage lending company or existing title company) and looking to increase title profit.
Title company ownership can involve challenges, including building a brand name from the ground up, gaining title referrals, investing in title technology, attracting and retaining talented employees, and managing a highly regulated business. Anyone who has ever drafted a title company business plan is aware of these obstacles to success. Considering a title company joint venture to grow your title company? We’d love to meet with you!
A title company joint venture can be more advantageous than starting a title company from scratch. Typically, an existing title company will form a new LLC with a second party who is either a real estate broker/owner or a mortgage company. For those wondering how to own a title company to gain title profit from existing title referrals, a title joint venture is often their best bet – offering fewer risks than a title startup, and the benefits of title ownership without the full operational responsibilities.
As an essential part of each real estate transaction, title companies are a vital cog in the industry’s machine. While title companies’ profitability is not guaranteed, you can avoid upfront costs (and potential losses) of starting your own title company by considering a title company joint venture instead.
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