Are you interested in getting involved in the title industry, but don’t know where to start?
Starting a title company on your own comes with a lot of unknowns whereas a franchise gives you solid proof that your title company can come together — and thrive. Still, investors are often hesitant to buy into a franchise.
If you are on the fence about which direction you should take your title company, this article explores the 5 top benefits of owning a title company franchise.
1. A Fully Compliant, Simplified Startup
A lot of work is required to get a startup off the ground, especially if you don’t have in-depth experience in the industry. Trying to figure everything out from the paperwork needed to start the business to the software you should use and everything in between can be a great challenge.
Forget this overwhelming process as there is a better way. With a title company franchise, you have everything you need to get up and running.
Compliance is one of the biggest challenges faced by title companies. But, with a franchise, you don’t have to sweat the small stuff because it has already been handled for you —- including your compliance with local, state, and federal laws. You will be fully RESPA compliant, with proper monitoring, adjustments, and training being handled as changes to rules or regulations arise over time.
You get all of this for less than what you’d pay if you started from scratch.
2. Readily Available Training
Imagine starting a business and having no one to ask your questions to or show you what needs to be done so that everything is taken care of.
You won’t have to worry about these things with a title company franchise. You have access to training and guidance anytime you need it — even from the very first day. There are so many responsibilities that need to be handled and having someone directing your steps can allow everything to go smoothly. This is something you will appreciate.
3. Tried-And-True Processes
Figuring out the best way to run your title business, including finding the perfect software systems and linking with the best title underwriters can be tough. Figuring out day-to-day operations can be, too.
It will be up to you to figure out how to take your files from the contract through the closing — without missing a step in between. But, why go through the trouble of creating a new way of doing things when a title company franchise can teach you the most efficient way of handling these things?
4. Focus On Building Your Client-Base
The difference between owning a title company franchise or just owning a title company is that, with a franchise, you can focus more of your attention on building your brand, networking, and securing your client base.
You already have all the basics in place. Everything that new title companies are worrying over, you have it under control. So, rather than being stuck with your hands tied, you are free to get out there and boost your business.
5. Provide Unmatched Customer Service
A title company franchise will give you more time to provide better customer service. You won’t be pulled in various directions trying to figure out the best way to run your company. Rather, the groundwork is already set so all you have to worry about is the person in front of you — your customer.
With the right attention and a smooth process, you can feel confident that news of your business will surely travel.
Ready to get started? Contact the team at TitleEase Franchise today!
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