Now Offering Drive Up Closings
GREATER ILLINOIS TITLE COMPANY DRIVE UP Closings Greater Illinois Title Company is working to provide safe and convenient options to help our clients. We are currently offering two options for Drive Up closings. For purchase transactions, -Drive Up to a GIT officeFor refinance transactions - Drive Up to the borrower’s home BOTH OPTIONS DESCRIBED BELOW WILL REQUIRE THE FOLLOWING: 1. Schedule A Closing APPOINTMENT Call or email your local GIT officeEmail clientservices@gitc.comEmail lenderservices@gitc.comContact your GIT Account Manager 2. Obtain APPROVED HEALTH FORM For anyone who may enter our offices or who will be involved in a Drive Up closing, GIT will send out and obtain a simple health screening form and ask that it be filled out and sent back to the local GIT closing office for review and approval…
GITGC Updated Closing Procedures During COVID-19/Coronavirus
During these uncertain times we are striving to provide all necessary title and escrow services to our clients while still protecting the health and safety of our employees and office visitors. In order to exercise an abundance of caution, and limit our person to person contact, during the COVID-19/Coronavirus pandemic we are implementing the following procedures at the GIT Group of Companies. Thank you for your understanding during these unprecedented times. Note: We are requesting that only those persons that need to sign documents be present at the closings. Additionally, all attendees will be asked to complete a Health Screening Form.Cash TransactionsCash transactions may be closed electronically via e-mail and/or DocuSign, upon request. The staff at GIT are well trained in closing transactions using these methods.Recommendations to assist in this process: Please…
The GIT Group of Companies COVID-19/Coronavirus Preparedness and Response Plan and Business Continuity Plan
The GIT Group of Companies recognize this unsettling time with the COVID-19/Coronavirus situation rapidly evolving across the country. We are closely monitoring developments related to the spread of the virus. Our priority remains the safety of employees and customers that visit our offices. The GIT Group of Companies has in place a Coronavirus Preparedness and Response Plan which is currently in effect. This proactive plan puts into place preventative measures to minimize contact and potential exposure to COVI D - 19 and having some GIT Team members work remotely to minimize exposure risk. We are implementing extra measures to minimize the spread of bacteria in our offices. We have increased the frequency to a daily disinfecting of workspaces as well as closing tables, counters, chairs, coffee bar areas, handles, desks and…
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 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,…
IDFPR Launches State Tax Lien Registry
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…
2018 IDFPR Town Hall Meeting on Title Agent Compensation
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…
GIT Opens New Hyde Park Office
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…
GIT FLORIDA TITLE SERVICES OPENS NEW SARASOTA OFFICE
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…
SOC 2® Report and ALTA Best Practices
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…