The National Commercial Services (NCS) Group is the national commercial division of Fidelity National Title Group whose mission is to manage its largest, most complex, multi-site title insurance transactions throughout the United States and Caribbean. Based in Las Vegas, Nevada, National Commercial Services, Las Vegas aggregates all of its internal resources within Fidelity National Title Group and its affiliates and agents to offer the most comprehensive title insurance resources in any one office. Our group works with national and local boutique law firms, real estate investment trusts, banks and investments institutions, commercial, industrial and residential developers, property managers, brokerage firms and real estate owned (REO) clients. National Commercial Services, Las Vegas is personally committed to developing innovative solutions for complex escrow, construction and other real estate transactions. From title order placement to final policy issuance, National Commercial Services, Las Vegas offers unparalleled solutions, resources and service – all with a human touch.
National Commercial Services, Las Vegas prides itself on providing the utmost customer service oriented solutions to today’s real estate transactions and issues. Our team specializes in handling transactions from the start of a transaction with competitive quotes and title order placement through all phases of the deal coordination including the underwriting and escrow closing process and, finally, through the post-closing follow-up stages of all deals including timely policy issuance.
We have a wide ranging client base including but not limited to national and local boutique law firms, real estate investment trusts, banks and investments institutions, commercial, industrial and residential developers, property managers, brokerage firms and real estate owned (REO) clients.
Our team helps coordinate seminars and webinars for our clients to help keep them apprised of any new developments and coverage changes in the title and real estate industry.
If you do not have a current National Commercial Services, Las Vegas connection, contact us so that we can discuss how we can assist in your title related needs.
We conduct regular title and escrow related seminars to help our clients keep abreast of any updated or anticipated coverage options and policy changes in the industry. We assist in introducing new associates and employees of our industry leading clients with Introduction to Title seminars which help walk them through title commitment and survey review, the escrow closing process, closing requirements and a typical closing transaction from start to finish.
We conduct informational online webinars throughout the year which highlight the current trends and upcoming changes in title related matters.
We also publish a quarterly e-newsletter which keeps ours customers apprised of upcoming National Commercial Services, Las Vegas events, webinars and important developments in the title industry.
All of these informative solutions are available to our established clients. If you do not currently have a sales representative, please contact us and let us know more about your company so that we can include you and your team on relevant news and upcoming events.
Title insurance is a form of indemnity insurance which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. With a title insurance policy, you have an indemnity contract that will reimburse you for loss in the event someone asserts a claim against your property that is covered by the policy.
Title insurance is issued after a careful examination of documents filed in the public records. Even the most thorough search cannot absolutely assure that no title hazards are present, despite the knowledge and experience of professional title examiners and underwriting practices. In addition to matters shown by public records, numerous other title problems may exist that are not disclosed in a search.
Here are just a few of the most common hidden risks that can cause a loss of title or create an encumbrance on title:
The title insurer will defend it’s insured against any lawsuit attacking title, and will either clear up title problems or compensate the insured for its loss. For a one-time premium, an owner's title insurance policy remains in effect as long as you, or your heirs, retain an interest in the property.
The peace of mind in knowing that the investment you've made is a safe one. And, in the event of a title defect, you have a company who has been in business for over 165 years and holds the largest claims reserves in the industry to help protect you against costly errors and omissions.
National Commercial Services, Las Vegas is a member of the Fidelity National Title Family of Companies. Our Family of Title Insurance underwriters includes:
The Fidelity National Title Family of Companies represents the largest title insurance network in the world and our claims reserves are larger than all major competitors combined.
Title orders can be placed by contacting your local National Commercial Services, Las Vegas representative at 702.932.0779.
The below information will greatly assist our title examination and coordination staff in promptly and properly completing the requested title commitment searches.
Title insurance rates are quoted based on the specific details of your transaction.
Construction disbursing is the vehicle utilized by owners and/or lenders to obtain construction draws and title insurance coverages. Entered into by and among at least three parties (Including FNTIC, as Escrowee), these written agreements provide for the deposit and disbursement of funds used to pay the cost of the construction of improvements to the land and, if so provided, related development costs.
Construction Loan Escrow: This type of escrow provides that the Escrowee be prepared to furnish a Lender’s Title Policy and date down endorsements (to the extent such endorsement is available) to provide interim title insurance assuring the lender as to the validity, enforceability, and priority of its mortgage lien limited to the extent of the mortgage proceeds disbursed and to the extent such priority exists by law.
Owner’s Construction Disbursing with Insurance (aka “Armour Note “): Similar to the Construction Loan Escrow, this type of escrow is used when there is no loan. This type of escrow provides that the Escrowee be prepared to furnish an Owner’s Title Policy and date down endorsements (to the extent such endorsement is available) to provide mechanic’s lien coverage to the extent of the amount of funds disbursed through escrow and also to the extent of lien waiver documentation is reviewed by Escrowee.
Owner’s Construction Disbursing without Title: This escrow is used when there is no Lender or Owners Title Policy. In this instance, the Escrowee provides disbursement services only, yet the documentation is collected and reviewed is the same as the Construction Loan Escrow.
Outside Interim Certification: This escrow is used on those occasions when the Lender wants to make the disbursement of their construction loans themselves, yet requires title insurance coverage to protect the priority of their mortgage. The same documentation is required for an Outside Interim as for a Construction Loan Escrow.
The following is a typical step-by-step process for a Construction Loan Escrow:
The National Commercial Services Construction Disbursing Department is able to provide construction disbursing services for commercial, industrial, retail, hospitality, governmental, institutional and agricultural properties.
The National Commercial Services Construction Disbursing Department provides construction disbursing services for all 50 states.
The National Commercial Services Construction Disbursing Department can be an Escrowee for policies issued by any subsidiary in the Fidelity National Title Group, including Fidelity National Title Insurance Company, Commonwealth Land Title Insurance, Chicago Title Insurance Company, and Alamo Title Insurance.
Our seasoned staff members represent over 165 years of combined construction disbursing experience and knowledge to help you with your construction project.
For any escrow in which National Commercial Services Construction Disbursing Department is to act as Escrowee, a fully executed, written Escrow Agreement is required. The forms of these agreements are specific to each type of Construction Disbursing and some may require preapproval by Underwriting.
Additionally, for any escrow in which title insurance is required, a title order must be opened and in place before the escrow agreement can be signed by the Escrowee.
Every escrow typically requires an Escrow Agreement, Owner’s Sworn Statement, General Contractor’s Sworn Statement, Owner’s Approval, Lender’s Approval [CAR] (if a lender is a party to the agreement), Architect’s Certification, Partial or Final waivers and W9 forms. Depending on the circumstances, we may require Indemnities from the owner and general contractor.
For further information on the services provided by the National Commercial Services Construction Disbursing Department, contact us at FNTeMarketing@fnf.com.
Frequently Asked Questions