It's not really like that though. Ask 100 people walking down the street who their preferred title insurance company is. no one will have one. So at closing,

It's not really like that though. Ask 100 people walking down the street who their preferred title insurance company is. no one will have one. So at closing, usually it's the real estate agent who picks the title insurance company. So they do things like snacks and fancy coffee to real estate agents as you close, nothing to make the product better or cheaper. In my city, the title company steered people closing at their location to a company that they 100% owned and charged inflated prices https://www.housingwire.com/articles/41408-cfpb-slaps-meridian-title-with-enforcement-action-over-respa-violation/ https://www.housingwire.com/articles/41408-cfpb-slaps-meridi... (post lawsuit, the only change as far as I now is a 1 page disclaimer that they own the title insurance company they are sending you to). Many cities have only 1 title insurance options. Bigger might have 2-3. https://archive.curbed.com/2018/2/26/17017142/title-insurance-scam-government-takeover https://archive.curbed.com/2018/2/26/17017142/title-insuranc...