The average title company gets dozens of calls a week for title quotes or net sheets on non-committed deals.

How many of these actually become transactions at your title company?

If you are like most title agents, only a handful actually do.

This is where a net sheet or title quote calculator that is marketed to your Realtors and Lenders can really help your team save time.

Self-service

People may initially still call you for title quotes. However, if you have a calculator to point them to when they call in, many of the savvy real estate agents will start to use this to get their fees instantly.

So the next time someone calls in for a quote, train your team to politely provide it but also mention that you have a way to generate these instantly – which leads me to my next point.

Instant gratification

One big benefit of having a self-service calculator is that it works when you don’t. Realtors often show homes and condos outside of normal business hours.

Promoting your net sheet will allow them to get quotes instantly in a professional way with your letterhead and branding.

Cost of Switching tasks

One often overlooked issue with handling calls is the cost of switching tasks. Every time you are interrupted, it takes more time to get back on track.

In fact, the American Psychological Association states that “multitasking may seem efficient on the surface but may actually take more time in the end and involve more error.”

It goes on to read, “that even brief mental blocks created by shifting between tasks can cost as much as 40 percent of someone’s productive time.”

Maybe you have a busy day or an upcoming closing that you are preparing for. Having your own net sheet can help minimize stress and improve productivity by up to 40%.

Opportunity cost

Lastly, there is an opportunity cost with manually providing title premium or net sheet quotes for all of your customers.

For example, since your customers often work outside of normal business hours like nights and weekends, or you may be tied up in closings, you may lose a deal if you aren’t available to answer a request in a timely manner.

Again, this is another area where a branded title calculator can help you.

Are you ready to save time for you and your team with a title insurance calculator? Watch a quick demo to learn more!