Regional Title Company offers solution for devastated Settlement Industry.
Rockville, MD – August 17, 2010 — Since early 2008 Passport Title Services has helped over 45 title attorneys and previous title-company owners stay in business despite massive declines in business volume, which caused large numbers of them to close their doors or look for more cost-effective ways to handle dwindling business.
Passport Title, headquartered in Rockville, MD, offers an innovative solution for MD, DC and VA attorneys (and previous title-company owners) who retain some clients and business but not the ability to handle it profitably in house.
The new service allows these struggling attorneys to survive by outsourcing existing work to a team of very experienced title professionals. Not only are the attorneys able to eliminate almost all of their overhead costs, liability, bonding and insurance requirements and all administrative tasks, but Passport shares an unusually high percentage of gross income per case as compensation, making it easier for them to earn a living on fewer cases than in the past.
“While large commissions are attractive to attorneys who join Passport, a bigger reason this model has succeeded,” says John Cotter, president of the Company, “is the exceptionally high level of experience offered by Passport Title’s processing staff. “Cotter goes on to say: “No processor has less than 13 years experience, and they all work here in Maryland—not overseas. That plus accuracy and fast response times is what it takes to satisfy demanding professionals who previously managed their own employees.”
Passport Title Services, LLC is an independent title agency processing both residential and commercial loans for clients in MD, D.C and VA. Among other advantages the new business model has brought to Passport, the Company has added a number of attorneys with extensive experience in the real estate industry.
Passport Title conducts closings throughout all of MD, DC and VA in its Rockville office at 2275 Research Blvd., Suite 500, in its attorney-partners’ offices and in Realtor(R) and Lender offices. Passport’s newest innovation is discounted or zero attorney fees for buyers on commercial cases.
Contact John R. H. Cotter (AVAILABLE FOR INTERVIEWS)
Name of Company: Passport Title Services, LLC
Web Site: www.passporttitle.com
E-Mail: [email protected]