OneTitle Receives New York State Approval For 25% Reduction In Title Insurance Rates For Real Estate

Business Wire press release ----- OneTitle National Guaranty Company, Inc. today announced that the New York State Department of Financial Services has approved new, lower title insurance rates for real estate transactions of $15 million or more, including purchases, loans and refinances. These rates -- which are 25% lower than the prevailing rates -- are available exclusively through OneTitle and apply to commercial and residential customers throughout New York. Beginning in 2014, OneTitle broke with the title insurance industry's practice in which companies work together to set and maintain a single set of identical rates. Instead, OneTitle filed -- and won approval from New York State -- for lower rates that save commercial and residential real estate buyers and borrowers significant amounts on both purchases and refinances. OneTitle is the only exclusively direct title insurer, working directly with attorneys, lenders, developers, brokers and consumers. Today's announcement represents a significant new cornerstone of that business plan.

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