Tower Title & Closing is a national title insurance provider for the Commercial real estate industry.
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We are a national title company that caters to the telecommunication industry. We pride ourselves in providing excellent service across the country to all of the tower companies. We also service other verticals such as solar farms, wind turbines, data centers, and billboards.
We are the first national title company that focuses exclusively on commercial transactions, specifically telecommunications. Most title companies primarily focus on residential, refinances, and/or purchase markets, but at Tower Title, we avoid those lines of business to be able to focus all of our attention on our tower clients.
Tower Title was founded in 2019. However, the founders and most of the staff have all been in the title insurance and commercial space for over 10 years. Our founders, collectively, have more than 60 years of title insurance experience.
Yes, we customize your products to match your business needs. We collaborate with you at every stage of the process to make sure every box on your list is checked to your satisfaction.
Our average turnaround time for a full search title commitment is 7-10 business days. For property report files where insurance is not required, we are able to complete the majority of the files within 7 business days.
Yes, we process files in all 50 states. Tower Title is directly licensed in more than 30 states and partners with local title companies to process any files that fall outside of our direct licensing footprint.
We prepare title commitments and title reports for any type of transaction that is needed, including Fee Purchases, Leases, Lease Amendments/Extensions, and Easements. We are well versed in the complexities as well as the level of search and examination that are involved in each of these transaction types and can tailor the product to those specific needs.
At Tower Title, any questions you may have will be addressed by a seasoned and experienced title examiner. We do not utilize a call center or customer service department, and we pride ourselves on answering all inquiries within the same business day.
We have extensive leverage to make independent underwriting decisions. We have excellent relationships with our underwriters and, in situations with unusual risks, we work side by side with those underwriters to find solutions that will allow the transaction to move forward.
We are very familiar with the variety of circumstances that may require some level of title work, and understand that not all of these circumstances lead to the issuance of a title policy. We utilize the same experienced team that examines titles intended for policy to examine uninsured products. We expect that it may be 6-9 months before an option site is commenced and ripe for policy, and that several factors may arise that delay closings for months and even years.
Tower Title is a title agent on behalf of multiple underwriters. As a title agent, we can make risk decisions and directly control all aspects of the transactions. Our underwriters authorize and issue authority to their title agents to write the insurance policies.
Securitization is the procedure where an issuer designs a marketable financial instrument by merging or pooling various financial assets into one group. The issuer then sells this group of repackaged assets to investors.
In securitization, the company holding the assets—known as the originator—gathers the data on the assets it would like to remove from its associated balance sheets. Created securities represent a stake in the assets in the portfolio. Investors will buy the created securities for a specified rate of return.
Mortgage-backed security (MBS) is a perfect example of securitization. After combining mortgages into one large portfolio, the issuer can divide the pool into smaller pieces based on each mortgage’s inherent risk of default. By buying into the security, investors effectively take the position of the lender. Securitization allows the original lender or creditor to remove the associated assets from its balance sheets. With less liability on their balance sheets, they can underwrite additional loans.
Tower Title & Closing is a national title insurance provider for the Commercial real estate industry.