20Mar 2018 by Greg Kosin No Comments
The Greater Illinois Title Company Group of Companies Completes Type 2 SOC 2 Report & ALTA Best Practices Certification

The Greater Illinois Title Company Group of Companies Completes Type 2 SOC 2 Report & ALTA Best Practices Certification

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The Greater Illinois Title Company Group of Companies Completes Type 2 SOC 2 Report and ALTA Best Practices Certification Greater Illinois Title Company, the largest title agency in Illinois and one of the largest in the country announced that it has recently completed its Service Organization Controls Type 2 SOC 2 examination and ALTA Best Practices Certification for the period of 2016 to 2017. The examinations were performed by an independent auditing firm, A-LIGN and contained no exceptions. A Type II report includes the service organization's system description, as well as a detailed testing of the operating effectiveness of the service organization's controls throughout the specified period. Completion of the Type 2 SOC 2 Type II examination covers Greater Illinois Title Company and its wholly-owned subsidiaries: Greater Indiana Title Company,…
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04Jan 2018 by Greg Kosin No Comments
IDFPR Launches State Tax Lien Registry

IDFPR Launches State Tax Lien Registry

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Effective January 1, 2018, whenever a title company is searching property for the purpose of issuing commitments or policies, a search must be conducted on the Illinois State Tax Lien Registry (STLR). Illinois will have an online database for the recording of a lien against a person or entity who owes money/taxes to the Illinois Department of Revenue (“IDOR”). On July 6, 2017, Public Act 100-22 (SB9), became effective allowing the IDOR to create its own state tax lien registry. Put simply, the IDOR will no longer be recording its liens or releases with local county recorders. Instead, the IDOR now maintains its own searchable lien registry. The IDOR proposed this registry after seeing Mississippi and Georgia successfully administer similar cost-saving programs in their own states. This self-admitted cost savings…
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04Jan 2018 by Greg Kosin No Comments
2018 IDFPR Town Hall Meeting on Title Agent Compensation

2018 IDFPR Town Hall Meeting on Title Agent Compensation

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On January 3, 2018, the IDFPR held a Town Hall Meeting which was labeled by the IDFPR as the beginning of a dialogue regarding premium splits between title agents and their underwriters. They referred to it as the first step in a long journey. The IDFPR limited the discussions at the town hall meeting to the following three issues: (1) Improper Inducements- IDFPR Position- The underlying agreement between the underwriter and the agent controls the compensation to be paid and if a higher amount is paid to the agent, there is a violation of the Illinois Title Insurance Act and RESPA (2) Splitting of premium – IDFPR Position- The Department would like to see agency contracts between the title agency and the underwriter of 80/20 or 85/15. The title agent’s…
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19May 2017 by Greg Kosin No Comments
GIT Opens New Hyde Park Office

GIT Opens New Hyde Park Office

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Greater Illinois Title Company has recently opened a new closing office in Hyde Park. The new location is GIT's s eighteenth office in Illinois. For other office locations click here. The new closing office is located in Chicago on the second floor of the Hyde Park Business Center at 51st Street and Lake Park Avenue. Hyde Park is one of the city's most diverse neighborhoods and is a chic location because of new development in the area including new restaurants and a Whole Foods. Closing appointments at the new GIT Hyde Park location can be arranged by calling 312.264.4900. Free parking is available. For directions please click here. GIT Hyde Park Office 5113 S. Harper Ave. Suite 2C, Chicago, IL 60615 Second Floor ENTRANCE ON HYDE PARK BLVD Street parking or free parking…
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23Nov 2016 by Greg Kosin No Comments
GIT FLORIDA TITLE SERVICES OPENS NEW SARASOTA OFFICE

GIT FLORIDA TITLE SERVICES OPENS NEW SARASOTA OFFICE

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GIT FLORIDA TITLE SERVICES OPENS NEW SARASOTA OFFICE GIT Florida Title Services, (GFT) a wholly owned subsidiary of Greater Illinois Title Company, one of the largest title agencies in the country, moved to larger offices in the Center Pointe Building located at 2033 Main Street in Sarasota. The new Florida state headquarters office builds upon the company’s rapid growth in the State of Florida as the company is facilitating residential and commercial sale and refinance transactions in all 67 counties in the state. The company has experience in all types of title work including residential subdivisions, commercial projects, investment properties, government contract work and 1031 tax-deferred exchanges through Greater Illinois Tax Deferred Exchange Corporation. GIT Florida Title Services provides title insurance policies underwritten by Chicago Title Insurance Company and Old Republic…
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16Jun 2016 by Greg Kosin No Comments
SOC 2® Report and ALTA Best Practices

SOC 2® Report and ALTA Best Practices

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Greater Illinois Title Company Completes SOC 2® Report and ALTA Best Practices AT 101 Certification Greater Illinois Title Company, the largest title agency in Illinois and one of the largest in the country, announced that it recently completed its Service Organization Controls SOC 2® examination under AT Section 101 and its AT 101 ALTA Best Practices Certification. The examination and certification were conducted by A-LIGN, a licensed CPA firm, accredited ISO 27001 certification body and ALTA Elite Provider. Completion of the SOC 2® Type I examination and ALTA Best Practices Certification indicates that Greater Illinois Title Company, and its Subsidiary companies (Greater Indiana Title, GIT Florida Title, Greater Wisconsin Title, GIT Michigan Title, Greater Missouri Title) have implemented processes, procedures and controls that have been formally evaluated and tested by…
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20Feb 2016 by Greg Kosin No Comments
REID MCCULLOUGH JOINS GIT FLORIDA TITLE SERVICES

REID MCCULLOUGH JOINS GIT FLORIDA TITLE SERVICES

Personnel Change, Uncategorized
GIT Florida Title Services, a subsidiary of Greater Illinois Title Company (GIT), Illinois’ largest title insurance agency, announced that Reid McCullough, Esq. has joined the company as Florida Regional Title Counsel. Mr. McCullough will be based in the GIT Florida Sarasota office located at 1990 Main Street where he will be responsible for business operations and underwriting matters.  He will manage Florida residential and commercial transactions and assist in the coordination of national commercial underwriting. [caption id="attachment_2193" align="alignright" width="200"] Reid McCullough, Esq. [/caption] Reid McCullough received his BS in Building Construction from the University of Florida and a JD and MS in Building Construction from the University Of Florida College Of Law. He managed foreclosure and business litigation with The Ticktin Law Group in Deerfield Beach, FL and Jimerson & Cobb, P.A. in Jacksonville, FL. Mr. McCullough was…
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28Aug 2015 by Greg Kosin No Comments
WHO’S WHO IN 2015?!?

WHO’S WHO IN 2015?!?

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GIT's own Regional Account Manager, Sara Hulsebus' hard work has been recognized by Chicago Agent Magazine.This list recognizes a "select" group of professionals in our industry who've distinguished themselves by going above and beyond to service others. Please read more here. [caption id="attachment_2101" align="aligncenter" width="225"] Sara serves as Secretary of the Chicago Chapter of the Women’s Council of Realtors.[/caption]          
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17Feb 2015 by Greg Kosin No Comments

GREATER ILLINOIS TITLE ANNOUNCES EXPANSION INTO FLORIDA

GIT Milestones, Uncategorized
Greater Illinois Title Company (GIT), a Chicago-based real estate information services provider and Illinois’ largest title insurance agency, has announced that it has opened a title insurance and closing operation in Florida. GIT Florida Title Services, a wholly owned subsidiary of Greater Illinois Title Company will operate an office in Sarasota to research, insure and close residential and commercial sale and refinance transactions in all 67 counties in Florida. In addition, the company will facilitate new construction and development business throughout the state. GIT Florida Title Services will offer title insurance policies underwritten by Chicago Title Insurance Company and Old Republic National Title Insurance Company. “We are expanding our reach into new states to follow existing customers and to gain access to new markets”, stated GIT’s president, Gregory M. Kosin.…
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20Jan 2015 by Greg Kosin No Comments

GREATER ILLINOIS TITLE OPENS CLOSING OFFICE IN NAPERVILLE

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  Greater Illinois Title Company (GIT), a Chicago-based title insurance and real estate information services provider, has announced that it has opened a closing office in Naperville. The new location is GIT’s seventeenth office in Illinois. The company also operates four locations in Indiana under its wholly owned subsidiary Greater Indiana Title Company. The new closing office is located at 50 South Main Street in downtown Naperville. Located on the second floor of the Main Street Promenade Business Center, the location is in one of the principal areas of economic and real estate activity in suburban Chicago. Free parking is conveniently located in the attached parking garage with easy access to GIT’s office. Closing appointments at the new GIT Naperville location can be arranged by calling 630.462.7800. Greater Illinois Title…
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