Affiliated Business Arrangements
What are they?
- A wholly owned, full service subsidiary of a lender, builder or real estate company that provides a settlement service in conjunction with their other services.
- A joint venture between a title agent and a lender, builder or real estate company or other entity in the position to recommend a title insurance provider (or any combination thereof) that forms a settlement service company.
How prevalent are they?
- Many lenders, builders, title agents and real estate organizations, large and small, in the country have already formed or are researching the development of an ABA.
What requirements must they meet?
- ABAs must comply with the federal requirements promulgated by HUD through RESPA and Statements of Policy as well as those requirements imposed by state insurance, real estate departments and bar associations.
Let Old Republic National Title Insurance Company assist you in determining if an ABA is right
for you by introducing you to Troon Management Corp.
Troon Management Corp is a management team dedicated to the creation and facilitation of compliant Affiliated Business Arrangements. Builders, realtors, underwriters, lenders and attorneys can take advantage of their 45 years of title experience and their 35 years of experience opening and running compliant ABAs.
For further information on how Troon Management and Old Republic Title can assist you with your ABA questions, visit them at www.Troonmanagement.com.