Texas Title Insurance Premiums Drop 10%—How Remote Online Notarization (RON) Can Help Cut Closing Costs Even Further
The Texas Department of Insurance (TDI) recently announced a 10% reduction in title insurance premium rates, effective July 1, 2025. This decision, issued by Insurance Commissioner Cassie Brown, is expected to save Texas consumers an estimated $238 million annually. The move follows an analysis of proposed changes by the Texas Land Title Association (TLTA) and the Office of Public Insurance Counsel (OPIC)—with TLTA advocating for no changes, while OPIC recommended a reduction.
To read more about the order: https://www.tdi.texas.gov/rules/2024/documents/20259125.pdf
Since Texas promulgates title insurance rates, meaning all title companies must charge the same based on a property’s sale price, this reduction directly impacts homebuyers, lenders, and real estate professionals. While some in the industry are concerned about potential revenue loss, consumers stand to benefit significantly from reduced closing costs.
Cutting Closing Costs Even Further with Remote Online Notarization (RON)
Beyond title insurance, closing costs can be further reduced by adopting Remote Online Notarization (RON). Traditionally, closing transactions require in-person meetings, paper documents, and physical notary fees, all of which can add up in time and expense. RON offers a modern, cost-effective alternative:
✅ Lower Notary Fees: ProNotary offers a flat fee of $10 per session, making it easy for title companies that integrate RON within the office to anticipate costs.
✅ No Travel Costs: Signers and notaries don’t need to meet in person, saving on transportation and scheduling.
✅ Faster Closings: Digital transactions reduce delays associated with manual paperwork, cutting turnaround times.
✅ Increased Security & Compliance: RON platforms like ProNotary provide tamper-proof digital audit trails, adding a layer of security and transparency.
With Texas leading the way in both title insurance reform and RON adoption, title companies, lenders, and real estate professionals have a unique opportunity to streamline closings and pass even more savings onto consumers.
The Future of Real Estate Transactions in Texas
The 10% title insurance premium reduction is beneficial for Texas homebuyers, but integrating RON into real estate transactions can push savings even further. By leveraging secure, compliant, and fully digital notarization platforms, title companies and lenders can reduce overhead, speed up transactions, and provide a seamless experience for their clients.
If you’re in title, real estate, or mortgage services, now is the time to embrace RON and optimize your closing process. ProNotary provides a scalable solution for businesses looking to transition into a digital-first closing experience.
