All attorneys interested in becoming an agent for Chicago Title with a servicing agreement through Centennial Title should sign up here! Centennial will provide attorney's with services that allow them to issue title commitment and title insurance policies. We assist you with underwriting in order to conduct your title insurance business. We will also arrange for reinsurance where required, to the extent such reinsurance is available. See the chart below to determine the average profit you can make per closing and in one year.
| ASSUMPTIONS | |
| AVERAGE SALE PRICE | $450,000 |
| ORDERS/YEAR | 25 |
| TITLE INSURANCE REMITTANCE TO CT | 20% |
| MORTGAGE POLICY REMITTANCE TO CT | $20.00 |
| ENDORSEMENT REMITTANCE TO CT | -- |
| SERVICE FEE TO CENTENNIAL TITLE | $325.00 |
| AVG SALE $450,000 | 25 ORDERS PER YEAR | ||||
| TITLE/CLOSING CHARGES | |||||
| SELLERS/OWNERS CHARGES: | |||||
| TITLE INSURANCE |
$1,650.00 |
$41,250.00 | |||
| BUYERS CHARGES: | |||||
| MORTGAGE POLICY |
$350.00 |
$8,750.00 | |||
| LOCATION ENDORSEMENT |
$150.00 |
$3,750.00 | |||
| EPA ENDORSEMENT |
$150.00 |
$3,750.00 | |||
| TOTAL INVOICE |
$2,300.00 |
$57,500.00 | |||
| COST TO AGENT | |||||
| TITLE INSURANCE REMITTANCE | $265.00 | $6,625.00 | |||
| MORTGAGE POLICY REMITTANCE | $20.00 | $500.00 | |||
| LOCATION ENDORSEMENT | -- | -- | |||
| EPA ENDORSEMENT REMITTANCE | -- | -- | |||
| SERVICE FEE TO CENTENNIAL | $325.00 | $8,125.00 | |||
| TOTAL COST | $610.00 | $15,250.00 | |||
| BALANCE RETAINED BY AGENT | $1,690.00 | $42,250.00 | |||
Download the following forms to apply for the Attorney Agent Program. Mail or fax completed forms with attention to Tony Benjamin.
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For More Information Contact: Centennial Title Inc. Concourse Office Plaza 4709-11 W. Golf Rd., Suite #115 Skokie, IL 60076-1231 Phone: 847/329-8200 Fax: 847/329-8285 E-Mail: custserv@centennialtitle.net
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