MyClosingSPACE.com Announces Nationwide Expansion of Its Title Insurance and Closing Services Business

The Earth Times reports, "MyClosingSPACE.com, the country’s first online title insurance and closing services company, has announced it is now available to new homebuyers, mortgage refinancers, attorneys, lenders, and realtors nationwide. The decision was made after the title company successfully test marketed its innovative online business in New Jersey, Florida, Pennsylvania, and New York."

"MyClosingSPACE.com opened in November of 2006, offering title insurance and closing services in New Jersey and Florida as a test for what it called a revolutionary new title industry business model committed to the lowest rates allowable by state and federal laws, the absence of junk fees, and faster service. The company expanded into Pennsylvania several months later, and six months ago, the move into New York was made."

"Company president, Gregory Schmidt explains why myClosingSPACE.com’s expansion comes at the right time. 'Obviously, this is a challenging time for the housing industry, and no one really knows what changes will come as a result. But, one thing is certain – real estate professionals and consumers will have to become more efficient and smarter, and that certainly includes buying title insurance and closing services.'"