Mike Banhagel of Lawyers Title was our host this week. Mike was born in Kalamazoo, Michigan. He is married to Lisa and they have two children: Ava and Beckett. He earned his degree in Construction Management from Long Beach State and then worked for Lennar Homes as a project manager where his responsibilities included reviewing title for land transactions. Mike continued with diverse jobs that gave him great experience and training for the title insurance industry.
What Mike enjoys most about title insurance and escrow is helping people. Title insurance companies are in business to make sure your rights and interests to the property are clear and that transfer of title takes place efficiently and correctly. Mike explains that most insurance protects against risk in the future. Title insurance is insuring the past making sure there are no “clouds on the title” (mechanic liens, zoning violations, building permit violations, easements, judgments, taxes, fraud, etc.)
All title insurance policies are the same. What you are paying for is the trust and service. Mike explained that Lawyers Title has excellent customer service with all their customer service team, title officers and escrow officers having longevity with the company. The biggest thing they are searching for is fraud. 70% of the nation’s fraud is in California. 70% of California’s fraud is in Southern California making 49% of the nation’s fraud in Southern California.
An ideal lead for Mike at Lawyers Title is a real estate agent residential or commercial, mortgage broker and anyone listing or buying real estate.