Mortgage Fraud: Why An Independent Title Company is Vital

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On October 9, 2012, a yearlong Department of Justice and FBI probe meant to protect distressed borrowers from foreclosure rescue scams resulted in charges against 530 accused con artists and the uncovering of $1 billion in losses. The DOJ and FBI led the offensive known as the Distressed Homeowner Initiative, a part of the Financial Fraud Task Force. The program combined the investigative, regulatory and law enforcement talents of the DOJ, HUD, the FBI as well as the FTC and other federal officials who wanted to stomp out fraud against distressed homeowners.

The bottom line is that fraudlent loan companies, working with companies that fraudulently accepted or cleared titles, shattered the dreams of thousands. Most mortgage brokers and loan officers are good, hard working people, just as you and I are.

However, there are a small number who are not. When you get car insurance, you shop around. When you get title insurance, you can't shop by price, however you can shop by service. We provide outstanding service, and act independently of any loan originator. So when your realtor or loan agent suggests a title company, remember, you have the right to choose your own title company.

By choosing a third party you've simple double checking that the loan, and real estate transaction, are what they appear to be. Best of all, we frequently work with a law firm, so that we're up to date in all of the issues facing the legal side of the real estate market.

The chances are, by far, that the title company you've been referred to is honest, and hard working, just as we are. However why not play it safe? Best of all, when you play it safe with Mega Title, you're also gaining superb customer service. Your title agent will know you by name, not a file number, and will be dedicated to the successful conclusion of your real estate deal.

In sum, playing it safe never hurts. Playing it safe and getting outstanding service - that's simply common sense.

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721 Route 34, Suite 3
Matawan, NJ 07747
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  • Samah and her team at Mega Title were efficient and professional in
    handling our refinance closing. I had used them in a prior refinance
    and was so impressed with the attention to detail that I came back
    this time again. They are accomodating to your schedule, meet the
    deadlines so they don't waste your time and most of all treat you as
    if you are their most important customer at all times. I couldn't ask
    for better service - they took care of everything. Just had to show
    up and sign.
  • As a real estate attorney, I have dealt with numerous title companies.
  • I recently refinanced my home. Mega Title really made my life much easier.
  • I really appreciated the excellent service and caring attitude during my refinance.
  • I can't express how impressed I am with your customer service!

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