Fidelity National Title: Forging New Roads

If you’re in the title insurance business in 2015, you’re doing all the right things already (all costs are virtually the same, as directed by the Department of Insurance). So what sets title companies apart from each other? Fidelity National Title sales and marketing VP Kathy Boop (here with business development senior VP Phil Shea) tells us that Fidelity is helping clients find new avenues to do business. One of these opportunities is due diligence; properties often have more potential than it would appear. Fidelity has software that can be made available to customers (both app and desktop applications) that aggregates and categorizes property spaces, including zoning and max build-out, revealing each property’s highest and best use. The program aggregates all public record data into one location instead of searching the Internet to find info on one property. The value-added services like data sources help clients find a needle in a haystack. Example: a multifamily investment group needs to know all the properties whose loans are coming due in 2016. Fidelity’s team can take the 3,000 properties in the database, narrow them down to 81 locally, and then down to 13 properties whose loans are coming due in the next 12 months. It’s all part of Fidelity taking title insurance to 2.0. For more information on our Bisnow partner, click here.