Central Alabama Tile Center

Several pioneering banks brought the innovative multiple bank-owned title insurance company to the Alabama banking industry as a way to address the continued external market forces that challenge banks daily. Those forward-thinking banks have enjoyed the benefits of new revenue streams generated by their participation in the Central Alabama Title Center.

Largely attributable to our quality and service, CATC has established relationships with several attorneys in the marketplace who need a title insurance resource. The market pressures that exist in today's real estate environment have forced several real estate attorneys to be terminated by their underwriter simply for their lack of ability to meet remittance volumes.

The Central Alabama Title Center, LLC ("CATC"), the first multiple bank-owned title insurance agency of its kind in the state, has rewarded its pioneering members with a strong history of financial success. Since its inception in 2001, the agency has paid impressive dividends to its member banks. In fact, the original members of CATC received their initial investment plus additional dividends within the first 15 months of operation.

The title insurance industry has been protecting the American dream of homeownership for more than 125 years. The objective of title insurance remains virtually the same today as it did when the first title insurance company was established in the late 1800's.

Title insurance helps the parties in a real estate transaction determine their rights and interests and assures that those rights and interests are transferred correctly and in their entirety from party to party.Simply put, protecting the parties involved in real estate transactions is the reason the title insurance product was developed.

Sometimes title problems occur that could not be found in the public records or are inadvertently missed in the title search process. If you are obtaining a loan to purchase your house, the lender will usually require that you purchase a Loan Policy to protect their investment.

To help protect you in these events, it is recommended that you obtain an Owner's Policy of Title Insurance for a one-time fee to insure you against the most unforeseen problems.Who pays for the Owner's Policy varies from state to state and sometimes even within a state. Owner's Title Insurance, called an Owner's Policy, is usually issued in the amount of the real estate purchase or sales price.