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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Title company databases. Posted by Ward-CA- on September 25, 2001 at 3:58 PM In Reply to: Re: Go title company shopping. posted by Albert on September 25, 2001 at 2:17 PM : Ward, : Whe title company back-paddled and decided to provide a title policy after all. What do you mean when you talk about the database a title company works off. Aren't they all working off the county's registrar's database? : Thanks, : ++Albert =•=•=•=•=•=•=•=•=•=•=•=•=• Albert, glad to hear your problem is resolved. Modernly, most title companies don’t research title using the recorder’s grantor/grantee index. Once main frame computers became reliable, circa 1970, they’ve taken the daily microfilm of all documents recorded and keypunched the info into their proprietary databases that are keyed into the legal description of a property rather than the owner’s name. As a consequence they’re able to research the title of a property blazingly fast (4 times as fast) with about 1/3 of the employees it used to take to do the old way at the recorder’s office. However their legal description index is only about 98% as accurate as the recorder’s grantor/grantee index. But their savings in labor have been so huge they won’t switch back. The big title companies each created their own title databases. But the smaller title companies couldn’t afford that and so subscribe to a fee service that was owned by TRW and then Experian and now by 1st American Title. As a consequence larger counties will usually have 2 to 3 different, discrete, title record databases. So different title companies work out of different databases. Hope this helps. Follow Ups: Re: Title company databases. Gary C. 10:44 PM, 09/25/01 (1) Re: Title company databases. Ward-CA- 9:10 AM, 09/26/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : Whe title company back-paddled and decided to provide a title policy after all. What do you mean when you talk about the database a title company works off. Aren't they all working off the county's registrar's database? : : Thanks, : : ++Albert : =•=•=•=•=•=•=•=•=•=•=•=•=• : Albert, glad to hear your problem is resolved. : Modernly, most title companies don’t research title using the recorder’s grantor/grantee index. Once main frame computers became reliable, circa 1970, they’ve taken the daily microfilm of all documents recorded and keypunched the info into their proprietary databases that are keyed into the legal description of a property rather than the owner’s name. : As a consequence they’re able to research the title of a property blazingly fast (4 times as fast) with about 1/3 of the employees it used to take to do the old way at the recorder’s office. : However their legal description index is only about 98% as accurate as the recorder’s grantor/grantee index. : But their savings in labor have been so huge they won’t switch back. : The big title companies each created their own title databases. But the smaller title companies couldn’t afford that and so subscribe to a fee service that was owned by TRW and then Experian and now by 1st American Title. As a consequence larger counties will usually have 2 to 3 different, discrete, title record databases. So different title companies work out of different databases. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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