All You Need to Know About Alliant National Title Insurance Company

Purchasing real estate involves a complex behind-the-scenes process to ensure the legal transfer of property ownership. A critical piece is title insurance which protects buyers and lenders against losses from defects in the property title.

Alliant National Title Insurance Company is one of the leading underwriters of title insurance policies in the United States, The company operates in over 30 states and protects thousands of real estate transactions each year,

If you’re in the process of buying or selling property, you may come across Alliant National during the closing process. Here’s an in-depth look at this national title insurance firm, its services, strengths, and role in real estate deals.

Overview of Alliant National Title Insurance Company

Alliant National is a full-service title insurance underwriter that offers residential and commercial policies through a network of independent title agents The company is based in Longmont, Colorado and currently licensed to operate in 32 states plus Washington DC.

It was founded in 2005 to support independent title professionals by combining expert underwriting with excellent service. Alliant National aims to help agents grow while providing property owners with reliable title protection.

As a licensed title insurer, Alliant National performs several key functions:

• Underwriting – Assessing and rate title insurance policies based on risk.
• Title Search – Researching property records to identify issues with the title.
• Risk Mitigation – Working with agents to fix title defects so claims can be avoided.
• Claims Processing – Handling and paying covered title insurance claims.
• Agent Support – Providing training, technology, and tools to help agents thrive.

The company insures all major property types including single-family homes, condos, residential developments, apartment buildings, retail centers, hotels, offices, industrial properties, and more.

Alliant National is currently licensed to underwrite policies in: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Utah, Washington D.C., Wisconsin, and Wyoming.

Alliant National’s Products and Services

As an underwriter, Alliant National offers a full suite of title insurance products and services:

Residential Title Insurance

• Owner’s policy – Protects homebuyer against covered title defects
• Lender’s policy – Protects lender against issues with ownership claim
• Reissue rate – Discounted rate for owners policy after recent purchase

Commercial Title Insurance

• Owner’s policy
• Lender’s policy
• Leasehold policies
• Foreclosure protection

Endorsements

• Expanded policy coverage for specific risks like mineral rights, easements, etc.

Closing Protection Letters (CPLs)

• Promise to reimburse for fraud/theft of closing funds

1031 Tax-Deferred Exchanges

• Title insurance for investors executing a 1031 exchange

Co-Insurance and Reinsurance

• Sharing risk with other underwriters or reinsurers

Title Technology Solutions

• Integrations with leading title production systems

Training and Education

• Ongoing training programs to equip agents

Why Alliant National Stands Out

Alliant National aims to differentiate itself as an underwriter through several key strengths:

Independent Underwriter for Independent Agents

Alliant National only distributes policies through third-party title agents – it does not compete by issuing policies directly. This allows agents to maintain their autonomy.

A+ Financial Strength

The company has strong financial backing from reinsurers to handle claims. Alliant National has an A rating from Demotech for exceptional financial stability.

Local Underwriting Expertise

Its underwriters are located across the U.S. to provide localized risk expertise. However, they have access to a collective knowledge base.

Agent Advocacy and Support

Alliant National has a full department dedicated to agent education, training, marketing, and providing leading technology.

Compliance Expertise

Agents benefit from Alliant’s regulatory compliance resources to help them meet requirements and best practices.

Customer-Focused Claims Process

The claims team aims to make the process smooth by clearly communicating and carefully guiding agents and property owners.

By leveraging these strengths, Alliant National strives to empower agents to grow while delivering seamless protection for property buyers.

How Alliant National Supports Real Estate Transactions

During a residential or commercial real estate purchase, the title insurance process involves close coordination between the title company, agent, underwriter, lender, and buyer.

Here are some of the key ways Alliant National provides support:

Risk Identification – Alliant National’s underwriters review title reports and documents to spot any issues that could result in future claims. This helps address problems proactively.

Rate Setting – The underwriters determine appropriate title insurance rates based on risk factors like property location, value, type of ownership, and more.

Clear Underwriting – The underwriters issue title insurance commitments clearly laying out what needs to be done to satisfy underwriting requirements prior to closing.

Reinsurance – Alliant National leverages agreements with reinsurers to provide financial backing for policy payouts.

Title Technology – Alliant National’s systems integrate with the leading title production platforms to streamline the title search, examination, and escrow processes.

Closing Protection Letters – These letters provide lenders with assurance that Alliant National will cover losses from fraud or theft of closing funds.

Timely Claims Payment – If a claim occurs, Alliant National handles it promptly and fairly to cure title issues.

By fulfilling these crucial roles, Alliant National Title enables smooth real estate transactions and provides vital property rights protection.

What Sets Alliant National Apart in Title Insurance?

Given the large number of title insurance underwriters out there, what makes Alliant National stand out?

Several key advantages:

Laser Focus on Independent Agents – Alliant National’s business model centers around enabling independent agents to thrive, unlike some larger underwriters.

Top-Tier Financial Strength – Reinsurance from partners like Lloyd’s of London provides unmatched financial reserves to pay claims.

Local Underwriting Expertise – With field underwriting offices across the U.S., Alliant National offers localized risk assessment while leveraging national resources.

White-Glove Service Culture – The company emphasizes friendly, quick customer service when agents or property owners have questions or issues.

Agent Advocacy – Alliant National invests heavily in agent education and support. The company wants agents to grow and advocates on their behalf.

Technical Innovation – From document sharing to digital closings, Alliant National develops leading-edge title tech capabilities benefiting agents.

Up-and-Comer Reputation – As a younger company launched in 2005, Alliant National brings innovation and hunger to earn business in competitive markets.

Thanks to advantages like these, Alliant National stands apart as an independent, agent-focused title insurance underwriter known for financial strength, expertise, and service.

The Key Role of Title Insurance in Real Estate Transactions

As you go through the real estate closing process, you’ll gain firsthand experience with title insurance. Here’s an overview of why this coverage is so essential:

Reduces Risk of Loss – Title insurance protects against covered defects that could invalidate your property ownership claim after purchase.

Covers Legal Fees – If issues arise, the insurer covers the legal costs to defend your interests.

Removes Liens/Encumbrances – The title research process identifies any liens so they can be dealt with prior to closing.

Provides Peace of Mind – You can rest easy knowing title problems won’t lead to major losses down the road.

Satisfies Lender Requirements – Nearly all mortgage lenders mandate title insurance to secure their investment.

Limits Multiple Searches – Title insurance eliminates the need for each prospective buyer to independently examine the title.

Offers Fast Claims Payment – If a valid claim arises, covered losses are paid out quickly so owners don’t experience extended harm.

In real estate deals, there’s always a risk of overlooked title defects. Title insurance neutralizes this risk for a modest one-time premium, providing invaluable protection.

Closing Takeaways on Alliant National Title Insurance

As one of the fastest growing national underwriters, Alliant National brings welcome competition, choice, and innovation to the title insurance sector.

The company differentiates itself through its independent agency model, unmatched financial strength, technical capabilities, relentless service ethic, and desire to help agents thrive.

So if you’re ever buying or selling high-value real estate insured by Alliant National Title Insurance Company, you can feel confident you’re in good hands. The experts at Alliant National have deep expertise protecting property rights and facilitating smooth closings.

Next time you’re at a real estate closing, listen for the Alliant National name. Understanding the