What is the role of a title company?

The primary role of a title company is to specialize in examining and insuring titles to real estate. This involves conducting thorough research to verify the ownership of a property and ensuring that there are no liens, claims, or other encumbrances that could affect the transfer of ownership. The title company provides title insurance, which protects buyers and lenders from any unforeseen issues that may arise related to the property's title after the sale is completed.

Title companies also facilitate the closing process by managing the necessary documentation and ensuring that all legal requirements are fulfilled for the transfer of the property. By offering this expertise, they help to create a smooth transaction experience for all parties involved.

In contrast to this primary function, providing mortgage loans, managing rental properties, and offering legal advice are services typically associated with lenders, property management companies, and attorneys, respectively. Each of these roles contributes to the real estate transaction process in different ways, but they do not encompass the specific duties of a title company, which is focused on the assurance and integrity of property titles.