As you know, we find it necessary to raise our prices from time to time as our efforts to improve security and productivity are outpaced by costs. To that end, please find our new rate card attached, effective for closings taking place July 1, 2022, or later.
We have not raised the cost of title premium; in fact, the Seller side of most transactions will not be affected by these changes.
We have made changes to our closing fee for a purchase with a loan, adding $50 and removing a separate line item for e-delivery of loan documents, since we almost always receive loan information and documents via e-delivery now. We’ve also added a “remote” closing fee because, in the post pandemic world, we are finding many people do not want to attend closing in person, for various reasons. We can accommodate that but it does take time and resources.
Finally, we’ve added a cost to update title work that’s more than 30 days old ($35) and the cost of updating title once again prior to issuing policy ($35) as we’ve found more and more, with third parties utilizing e-recording, that we need to keep title as current as possible so that we provide the end product our clients are expecting.
Please do not hesitate to reach out to any of our team at Metropolitan Title Agency with any questions or concerns. Our continuing goal is to deliver the best possible information & service, as efficiently as possible. We want to take this opportunity to thank you for your business and we look forward to the privilege of being of service to you in the future!
