National and State-by-State Title Insurance Agent Licensing
-Provide you with a cost-effective state-by-state licensing strategy
-Help you obtain licenses on a state-by-state basis
-Help you gradually increase your licensing footprint
-Develop a national licensing strategy for you
-Notify you of upcoming license renewals
-Process license renewals on your behalf
-Request duplicate licenses
-Notify insurance departments of any relevant changes in your company
-Process carrier appointments
-Ensure that your licensing is up-to-date and compliant
The acquisition and maintenance of out-of-state title insurance licenses can be a confusing and arduous task. However, with the advent of the internet and the centralization of lender processing, it has basically become a necessity to be licensed in as many states as possible. Having many state licenses means that capitalizing on opportunities with regional or national lenders.
Of course, this is easier said than done. Fifty jurisdictions means fifty different sets of rules, regulations, and requirements, which are full of fine print and always subject to change. Most companies need to consult with a title insurance licensing expert who can provide them with advice on licensing strategically.
If your company expanding its licensing footprint, you will need to carefully develop your strategy. You will need to know when renewals are due and maintain a system that tracks this information. You will also need to be kept up-to-date on rules regarding address changes, individual agent licensing requirements and the many arbitrary rules that each state deploys. For example, did you know that if your home state is Utah, you cannot be licensed in Florida or Virginia? Rules like this demonstrate the need for developing a solid strategy with respect to your licensing.
Mandrien Consulting Group’s Licensing Offerings: A Detailed Overview
Agency and Agent Initial License Applications
Mandrien Consulting Group staff populates initial agency and individual agent title/escrow license applications with information provided by the client. The client then reviews applications for accuracy of information, executes them and returns them to Mandrien for submission to the appropriate licensing authorities for processing. Mandrien staff follows up on status of applications, troubleshoots problems and sees the application process through to completion.
Agency and Agent Underwriter Appointments
Mandrien Consulting Group provides two distinct appointment services. The first is designed for underwriter clients. In this case, Mandrien Consulting Group makes the actual agency and agent appointments for and on behalf of the client. We then follow through to ensure that all appointments have been made successfully with the appropriate regulatory authority. Mandrien then confirms the appointment with the client.
The second appointment service is designed for agent clients who desire appointments with specific underwriters. Mandrien Consulting Group coordinates this process on behalf of the agent client and ensures that all appointment details are correct. The underwriter, however, is responsible for the actual appointment process with the regulatory authority in this case.
Agency and Agent License Maintenance and Renewals
Mandrien Consulting Group staff prepares title agency and/or individual agent title/escrow license renewal applications based upon information provided by Client. Client reviews applications, executes them, and returns them to Mandrien for submission to the appropriate licensing authorities for processing. The Mandrien also staff follows up on status of applications, troubleshoots problems and oversees the application process through to completion.
Coordination of Applications for Incorporation / Qualification to do Business
Mandrien Consulting Group staff populates Incorporation/Qualification to do Business applications with information provided by the client. The client then reviews applications for accuracy of information and signs off on draft copies of applications. Mandrien Consulting Group submits draft applications to National Corporate Research, Ltd. (“NCR”) for generation of final applications to be signed by the client. The client reviews, executes and returns the final applications to Mandrien for submission to NCR. The filings with the appropriate regulatory agencies are handled by NCR. Mandrien’s staff follows up on the status of applications, troubleshoots problems and communicates with NCR on behalf of the client.
Tracking Agency and Agent License Appointment Expiration Dates
Mandrien Consulting Group subscribes to specialized tracking software designed for the insurance industry, which allows us to assist underwriter and agent clients in tracking licensing and other critical regulatory submission and expiration dates. Mandrien Consulting Group provides notices to its clients, letting them know when important deadlines are coming. All license and related data being tracked by Mandrien is either provided by the client, or for an additional fee, obtained by Mandrien (with the client's assistance, when necessary) directly from the regulatory authorities.
Tracking Agent Continuing Education (CE) Requirements
Mandrien Consulting Group subscribes to specialized tracking software designed for the insurance industry, which allows it to assist underwriter and agent clients in tracking individual agent continuing education dates and requirements. Mandrien provides notices to its clients of upcoming compliance deadlines, including the details of any applicable requirements. All continuing education data to be tracked must be provided by the client.
Agency and Agent General Compliance
Mandrien Consulting Group can assist general underwriter and agent clients with a number of services relating to agency and agent compliance on a state-by-state basis. Mandrien can assist with issues ranging from initial licensing, license maintenance and licensing compliance to agency and agent appointments, underwriter and agent regulatory filings and submissions relating to agents.
Request a complimentary one hour meeting or call now to discuss licensing strategies with a Mandrien licensing consultant.