Title Insurance
Providing the security you need for your home purchase
RBFCU’s preferred title company will guide you through securing title insurance for your home, helping protect both you and your lender throughout the process. From start to finish, we’ll walk you through the paperwork needed to finalize your loan and complete the purchase of your property.
Convenience
Finalize and close on your loan at one of our many RBFCU branches. Our preferred title company is licensed in more than 45 Texas counties and provides easy, efficient service options in Austin, Dallas-Fort Worth, Houston, San Antonio and surrounding areas.
No nickel-and-diming on fees
Our fees are straightforward. You won’t see miscellaneous add-ons for photocopies of legal documents, deed restrictions, courier charges or delivery service to local real estate offices.
Low overall costs
Our title settlement fees are affordable and don’t require any guesswork because we charge the same across the board. RBFCU’s preferred title company charges a flat settlement fee for all transactions and does not vary costs or expenses based on your loan amount or type.
Why do I need title insurance on my home purchase?
Title insurance provides protection by covering issues that could arise with the property’s title and background paperwork. Title insurance protects the property and the lender from issues, including:
- Liens and encumbrances
- Fraud or errors in recording legal documents
- Estate planning defects by previous property owners, including unacknowledged heirs or improper probating of a will
Contact our title professionals today to schedule an appointment:
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What is title insurance?
Title insurance is an insurance policy covering the insured party (owner and/or lender) against many types of property loss caused by liens, judgments, undisclosed heirs, document forgery, boundary disputes and easements up to the policy’s coverage amount. The title company reviews all recorded documents related to the property and ensures that any requirements tied to ownership are resolved. Based on the completion of the research and requirements, the title company agrees to guarantee clear title to the subject property and provide a title insurance policy.
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What are the benefits of title insurance?
For lenders, a mortgagee title insurance policy protects the lender’s financial interest in a property, covering them against title defects like undisclosed liens or ownership disputes. A mortgagee title insurance policy allows the lender to originate real estate loans without needing a real estate attorney to review each transaction. For the homeowner, an owner’s title insurance policy protects the owner from a loss, up to the policy limit, resulting from a future claim against their ownership of the property.
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When can I use Preserve Title Company?
There are several ways to use Preserve Title Company:
- When selling property through a real estate agent, instruct the agent to use Preserve Title Company as your closing agent
- When selling a property on your own, include Preserve Title Company as the closing agent on your contract
- When purchasing property, the seller normally chooses the title company to use, but it is still an item you can negotiate with the seller. Inform the seller and real estate agent of Preserve Title Company’s fees and settlement services
- When refinancing your property, instruct your mortgage lender to use Preserve Title Company and ask them to fax their closing instructions to the title company
- When building a home, instruct your builder and lender, if applicable, to use Preserve Title Company as your closing agent
For more information, visit preservetitle.com or contact Preserve Title Company by calling 210-945-3370 or emailing info@preservetitle.com.
Preserve Title Company LLC is a subsidiary of RBFCU Services LLC. RBFCU Services LLC is affiliated with Randolph-Brooks Federal Credit Union (RBFCU).
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What benefits do I receive by closing my transaction through Preserve Title Company?
When you use Preserve Title Company for your closing transaction, you can save both time and money. We offer:
- Fast turnaround times for San Antonio, Dallas, Houston, West Texas, Coastal and Austin Central regions
- A low settlement/escrow fee, which does not vary based on loan amount or type
- No fee for delivery/courier service
- No fee for photocopies of legal documents or deed restrictions
- No courtesy closing charge when your transaction is closed at any RBFCU branch
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What's the difference between mortgagee title insurance and owner's title insurance?
Mortgagee title insurance is issued in the amount of the loan and protects the lender’s lien. It is important to note the policy is specific to each loan. If you refinance, pay off or obtain a new loan, a new mortgagee policy is required. An owner's title Insurance policy is purchased when you buy the property and protects you, the homeowner. This insurance policy remains in effect until you sell the property.
Closing cost estimates are subject to change without notice and are provided for reference only. An owner’s title policy (OTP) fee is determined by the Texas Department of Insurance and is approximately 1% of the sales price when selling. The fee is $100 if simultaneously issued with the OTP. The mortgage title policy fee will be approximately 1% of loan amount if not simultaneously issued with an OTP. Preserve Title Company LLC is a subsidiary of RBFCU Services LLC. RBFCU Services LLC is affiliated with Randolph-Brooks Federal Credit Union (RBFCU).