Settlement Agent vs Title Company-What is the Difference?

E009795As Real Estate agents and Mortgage Lenders you deal with a lot of different companies when closing your transactions.  If you are in the Northern Virginia/Washington DC area hopefully you deal with just Stewart Title when it comes to your Real Estate closings.  Do you ever notice that some of the companies you deal with are “Settlement Agents” (Companies) and some are “Title Insurance Company’s?”  Are there differences when you compare a Settlement Agent vs Title Company?  Yes! There are several differences.  Many of these differences you are probably unaware.  Let’s talk about the differences between Settlement Agent vs Title Company and why these are important, and what it means for YOU when deciding where to send your business.