We are underwritten by Westcor Land Title, the nations 6th largest UW in the country. Westcor is rated A’ (Unsurpassed) by Demotech, the most widely recognized rating agency for Title Insurance Companies. A’ is the same rating as Fidelity National Title, the largest Title Insurance Company in the country.
Westcor issues Closing Protection Letters to both buyers and lenders at no additional charge (some underwriters will not issue them to a buyer, only the lender). This letter guarantees/insures any funds sent to Homestead Title by a buyer in the event the Title Agent goes out of business or misappropriates funds. Westcor also issues a Closing Protection Letter (CPL) to the Lender, guaranteeing any funds sent to Homestead Title by the lender. Without this Closing Protection Letter, and from a reputable Underwriter, most lenders would not even do business with that title agency but because Westcor is so well rated, we have NEVER had a lender refuse their CPL, even on very large multimillion dollar transactions.
Homestead Title carries Professional Liability Insurance (E&O) in the amount of $1,000,000. This amount exceeds the minimum requirements that the Division of Insurance and many Underwriters require.
Homestead Title also carries Employee Dishonesty and Crime Insurance/Wire Fraud Insurance, which is not required by the Division of Insurance or most Underwriters. Under our Crime Insurance Policy, our customer would be insured in the event a third party intercepted a wire and re-routed it to another account. This insurance goes above and beyond what most companies purchase.
Fraud & Security Protection
Homestead Title & Escrow is proud to partner with industry-leading security firms to protect our clients during a real estate transaction. Business email compromise (BEC) attacks are skyrocketing, and valuable assets are being stolen from those without the proper protections in place. Homestead Title & Escrow has you covered.
Powered By The Security Cloud Threat Intellegience
Industry-leading solution that unifies the technologies required to successfully stop breaches, including true next-gen antivirus and endpoint detection & response (EDR), managed threat hunting, and threat intelligence automation.
Advanced Email Security & Threat Detection
Protects from a comprehensive range of advanced security threats - targeted attacks, ransomware, malicious attachments & websites, business email compromise (BEC), email fraud, multistage malware and unwanted mail.
Eavesdropping Detection & SMART Encryption
The RMail Artificial Intelligence engine automatically encrypts messages based on message content or structure, to detect fund transfers or personally identifiable information, without the need to register to retrieve an email message.
Endpoint Detection & Response Technology
The Rapid7 Insight platform collects data from our systems, making it easy for their team to manage vulnerabilities, monitor for malicious behavior, investigate and shut down attacks, and automate our internal security operations.
Zero Trust Web Security Data Protection
Netskope optimizes access while protecting data. It detects data usage, activities, and behavior anomalies (UEBA), enforces advanced DLP rules and policies, and applies adaptive access policies based on user risks.