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Unify Independant Title Companies against the big boys and AfBA's

Some of you know that many moons ago, I actually blogged about important issues that I faced day to day or experiences.

One common theme was my absolute HATRED of Affiliated Business Arrangements (AfBA's) in which RESPA allows legal kickbacks from TITLE Companies to Realtors and/or Mortgage Brokers.

From the client standpoint, this of course may not be the best option. The Title company being recommended by the Realtor or LO is in almost all cases being recommended because of the money kickback. The vast majority of consumers do not really know what a Title company does, assume the Realtor/LO has their interests in mind when steering them (yeah right).

While scoping out SOT (Source of Title), basically an Abstractor site - I came across an organization in OHIO formed by independent Title Companies.... quite an interesting concept to unify against the 'big boys' and bring integrity back into the industry.

Has anyone come across organizations like this in their states?

http://www.oaita.org/

Posted Thursday Aug 21