The newly licensed and registered title agent writes a small percentage of business on the unsuspecting underwriter pursuant to a real and legitimate agency relationship.
However, a majority of business is written on what appears to be legitimate agency relationship with another underwriter, which in fact, does not exist and which is totally fraudulent.
Phony and crooked CPL's, title commitments and title policies are issued.
Agent keeps all the fees and remittances that would be due the underwriter under honest dealing. If a claim arises a policy switch can be done quickly.