What is a multi-owned title insurance agency?
By coming together on a regional basis to form multi-bank-owned agencies, financial institutions are able to better mitigate competitive pressures and add a new level of service through involvement in this distribution channel. By processing accounts for multiple banks, the agency can gain economies-of-scale in operations, reduce incremental production costs per policy processed, and increase the net profit. With the help of the Services Corp., Pennsylvania financial institutions are among the nation’s leaders in establishing their own title insurance agencies.