Title insurance is basically a type of insurance against financial loss from defects in title to real property. It ensures that all liens placed against the prior owners of the property, or documents that will restrict your use of the property, have been fully disclosed to you. There are policies for both owners and lenders of real property. To fully understand which policy is best for you, consult a real estate professional.
The title searcher, or abstractor, is the individual who gathers the documents and necessary information and puts them in a file. The searcher looks up public records to compile data of past transactions involving the property.
The title officer is the senior member in charge of the file. This person reviews all the data to determine if the information is complete and if the chain of title is insurable. He/she is the main individual who determines if there is any risk of future claims to be made against the insurance company.