Few points: 1. Fraud is not covered by Title policy as well. 2. The risk on fraud is very low ( for both AOL and Title Policy ) as it would be used for Refi (when the original transaction did borrower approval and verification, through fraud guard, VoE and VoI, as well as ID verification) and HELOCs/2nds, 3. Unrecorded muni liens are also covered through AOL review.
Title insurance is the biggest scam ever. I bought and refinanced my home several time. Each time someone robbed me. Complete scam.
Few points: 1. Fraud is not covered by Title policy as well. 2. The risk on fraud is very low ( for both AOL and Title Policy ) as it would be used for Refi (when the original transaction did borrower approval and verification, through fraud guard, VoE and VoI, as well as ID verification) and HELOCs/2nds, 3. Unrecorded muni liens are also covered through AOL review.