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The hottest real estate market recorded in history continues to drive revenues for title insurance underwriters to new record levels. The American Land Title Association reported that title insurers wrote nearly 45% more premiums in the first quarter of 2021 than in the first quarter of 2020. The surge in title insurance premiums directly corresponds to the boom in mortgage origination.

The record number of mortgage originations for the first quarter of 2021 topped $1 trillion.  Title insurance premiums accounted for $5.68 billion during the first quarter of 2021, which is up from $3.92 billion from 2020. The first quarter of 2021 compared to the fourth quarter of 2020 shows a decrease in total mortgage originations from $1.34 trillion to $752 billion.

As the economy continues to open up and mortgage rates continue to hit historic lows, buyers are still willing to pay higher prices for homes in 2021.
The operating income for title insurance underwriters in the first quarter of 2021 was up 42.4% from the first quarter of 2020. The net operating income for the first quarter of 2021 came in at $489.9 million, which compares to $296.5 million for the first quarter of 2020. This represents a year-over-year increase of 65.2%, which is the highest first quarter ever recorded by the American Land Title Association.
The market share based upon underwriter indicates that First American Title wrote 20.5% of the premiums, and that Old Republic National Title wrote 14.8% of the total number of premiums.

If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.

Counsellors Title Agency,, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.


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