“Education is the key to success.” In the title industry— with changing laws, requirements, and evolving best practices— this phrase is not only familiar but also, more important than ever. In other words, continued education is vital to the growth of your business.
Keeping Up With Title Industry Standards
Industry standards and regulations are always subject to change. So, It’s important as a title professional, to stay in the know. As a result, you can continue to stay compliant in your state.
To clarify, if you’re not compliant with your state’s insurance standards, you are putting your title producer license at risk. Your clients rely on your knowledge, experience, and dedication. These ensure the accurate and efficient transfer of real property. Therefore, it is critical that it’s done right.
Grow Your Title Business
Capability and confidence in your field can help you attract new customers, earn repeat business, and gain referral business. Most importantly, these strengthen your reputation as a leading professional in the field. In short, continued education in your field increases your competitive edge and helps you grow your business.
There are many resources for title professionals to continue and expand their knowledge. Firstly, at the state level, there are Land Title Association chapters that provide many opportunities for education. These sites host a calendar of local events, conferences, and more. Thus, furthering title knowledge for their members. Secondly, at the national level, the American Land Title Association provides many educational courses and webinars. Lastly, title agent underwriters can be a great resource for providing relevant courses and webinars. Exploring these platforms can help develop personal and professional growth.
Growing as a Business Leader
Entrepreneurs often find themselves stuck working in the business rather than working on the business. It’s important to understand economic trends, new ways industry leaders are working to make the business more efficient, and new technologies. Understanding these can have a great impact on the profitability and success of your business. Especially if there is a needed shift on upcoming trends. However, making this a priority can be a challenge for an already busy professional.
Find Education Opportunities That Fits Your Schedule
As a business leader, it may be difficult to find the time to sit in on educational courses or even attend online webinars. But you can still stay educated without taking on a major time commitment by following these ideas.
- Find a business coach. A professional mentor that helps educate, support, and motivate you as a business owner. These figures will hold you accountable. They’ll help you stay on track to reaching your business goals and can advise you in areas you need guidance.
- Join local networking groups, in and outside your industry. Networking groups are often thought of as channels for finding new business. While this can be true, there are also numerous mastermind groups that bring together like-minded professionals. Mastermind groups are typically smaller, more focused, and foster a goal-oriented environment. These groups provide learning and growth opportunities that encourage successful business practices.
- Use online resources and key journals. There is a large amount of information readily available to you with the implementation of online platforms. Look for credible, peer-reviewed, journals in and outside your industry. These will keep informed on best practices and upcoming trends.
These resources can help elevate your business.
Grow Your Business with Proliant
At Proliant Settlement Systems, our experienced team is always tracking changes in the industry. We keep ourselves and our Franchisees up to date on any new technology that has a positive impact on running a title company. Sign up for our newsletter to get notifications on trends, new regulations, and industry practices that may impact your real estate business.