What is necessary to start a title insurance agency in New Jersey after you have passed the state licensing exam?

Title Geek Answer

You will need to apply for your individual producer's license. Once that is issued, you will need to submit your entity (business) producers application which must also attach to an individual producer's license.

Overall licensing will take several months to get back the individual and the entity license.

During that time you can:

1. Register your new business with the State of NJ.
2. Set up meetings with potential Underwriters to interview with them and get their application packets
3. Research the costs of E & O insurance
4. Wait for your license to come back
5. Look for a very good title examiner and key personell if you don't already have one
6. Let everyone and their brother know you are going to open a title agency and you want their business
7. Wait for your license to come back
8. Set up an account with SnapClose.com for a title production system (the Title Geek's software of choice, btw)
9. Set up accounts with searchers like Charles Jones, etc.
10. Wait for your license to come back
11. Design your business and workflow plans
12. Repeat Steps 2-10

When your entity license FINALLY comes back, you finalize your agency contracts, Pay $1000's for your E&O, hire your core staff, get some business cards and stationary made up, hang the sign on the door and you are now a Title Agency.

13. Complete 48 hours of Continuing Education Courses every 4 year licensing period.

Best of luck in your new venture!

First answer by TitleGeek. Last edit by TitleGeek. Contributor trust: 96 [recommend contributor]. Question popularity: 36 [recommend question]