Welcome
Welcome to the Ohio Association of Independent Title
Agents (OAITA) website. We appreciate your interest in our organization
and hope that you find our site informative and helpful. We
want to take the opportunity to supply you with information
about our organization.
What is OAITA?
OAITA is an Ohio non-profit corporation consisting of independent
title insurance agents across Ohio who share a common philosophy
about the value of independence and autonomy in real estate
transactions. While there are organizations within Ohio and
across the country that already cater to the title insurance
industry, OAITA is the only organization dedicated solely
to the concerns of the independent title insurance agency/agent.
What does OAITA stand for?
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OAITA members believe that kickbacks and referral schemes
between title agents and their referral partners -- lenders,
mortgage brokers, realtors and builders -- have undermined
the value of title insurance in Ohio. Instead, OAITA members
are those title insurance agents who have agreed not to
engage in those business practices in order to obtain
title insurance business.
-
OAITA members do not engage in or otherwise promote affiliated
business arrangements (AfBAs). AfBAs are joint business
ventures that are designed primarily for the purpose of
distributing the profits from title insurance business
-- including title insurance commissions -- between an
AfBA title agency and its referral partners (i.e. banks,
mortgage brokers, realtors, and builders). Instead, OAITA
members operate as independent business entities, separate
and distinct from those that send them their real estate
settlement business. Unlike AfBAs, the ultimate consuming
public can be assured that an OAITA member title agency
or title agent has not been pressured by its referral
partners to close a real estate transaction in order to
pay the referral partners back for steering the deal through
an AfBA title agency or agent.
-
OAITA members believe that truly independent title agents
and agencies help make title insurance costs more competitive,
help lower title insurance claims, and help protect the
ultimate consuming public from real estate-related litigation.
- OAITA members believe that free market capitalism is the
best path to consumer prosperity!
What is OAITA doing for independent title agents and the
ultimate consuming public?
We are actively involved in helping to shape policy regarding
title insurance in Ohio. We are participating in private policy
change by pursuing litigation to help reinforce existing Ohio
law regarding title insurance. We are also participating in
public policy change by contacting state and local representatives
to gain their support for favorable initiatives relative to
the independent title insurance movement in Ohio. We are convening
an annual meeting in September to address important issues
within the industry and combining our resources to make sure
that independent title insurance agents do not lose their
place at the title insurance table.
What can you do to support us?
Get involved. Join our organization. Become a member today.
Read our blog and keep abreast of important issues that affect
the title insurance industry in Ohio. Attend our annual meeting
in September. Tell your friends in the industry about us.
If you are concerned about your place in the title insurance
industry, you should be a part of our organization!
For more information, click on the links on this page or
send us an e-mail at info@oaita.org
"Together, change is possible.”
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