With this year’s State of the Title Industry report revealing 26% of respondents are currently using or contemplating using AI in their closing workflows, the conversation surrounding Artificial Intelligence (AI) has elevated beyond mere speculation to a more practical consideration within the industry. What was once viewed as a marketing tool has evolved as a tangible and integral aspect of the title industry landscape. The conversation now involves how AI can be incorporated into the day-to-day operations of a title professional’s work.
In this blog, we will recap recent conversations with industry experts, take a closer look at how these advancements are reshaping the industry’s practices and prospects, and shed light on how professionals are navigating this intersection of tradition and technological progress.
Why Title Professionals Should Be Taking Advantage of New Technology
In the words of industry veterans, the significance of embracing new technology within the title sector cannot be overstated. As Deb Grace aptly puts it on our Title Talks podcast, now is the opportune time for professionals to enhance their efficiency and expand their knowledge base. Many are proactively encouraging their teams to pursue additional education during this period, recognizing the long-term dividends it can yield. This strategic investment in training and skill development is likened to planting seeds that will undoubtedly bear fruit when the market regains momentum. By utilizing this time to familiarize themselves with evolving technologies and software, professionals are honing their expertise and positioning themselves for success in the upcoming surge in market activity.
🎧 Listen now: Ep. 55: Deb Grace on the State of the Title Industry