State of The Title Industry
2021 has been a record-setting year for real estate and the title industry. Where are title agents doing to keep their head above water? How are they adapting to changes in technology while trying to find staff to keep up with order volume? We surveyed more than 400 title professionals to find out.
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About The Respondents
400+ responses
Performing closings in all 50 states
63% from title companies / 20% from law firms
Expected delays are even more prevalent
51% reported unexpected delays as the biggest day-to-day challenge, vs. 44% in 2020.
Balancing a bigger workload
The largest percentage of respondents said they were personally handling 21-30 closings a month (18%). In 2020, just 10% of respondents were handling that many closings, with the biggest percentage in 2020 reported handling 1-5 closings (21%).
Turning to Remote Notarization
62% of respondents say they adopted a RON solution between 2020 and 2021 as a response to the COVID-19 pandemic. 18% say they are currently in the process of adding a solution now.
