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Is Opp LS a title insurer?

No, Opp LS is a title agency, which represents title insurers, and works to de-risk real property transactions for buyers, sellers, and lenders.

What is coinsurance?

Sponsors, LPs, lenders and outside counsels appoint a lead title agent to do the heavy lifting in the analysis of a property’s title, repair of any defects, and creation of a title policy protecting all the parties in a transaction. The ALTA 23-06 Coinsurance endorsement allows additional agents to share the work, and the insurers to share the policy risk. The endorsement use is a simple and easy way to include more diverse title professionals in a transaction.

Is the title industry ethnically diverse?
  • No. For a variety of reasons, the title industry, especially at the senior level (underwriting, sales +marketing, management) is less than 3% diverse in the surveys Opp LS has conducted in 2022 and 2023.
  • In our survey of 11/22 of the top 15 NYC title agents, we identified 348 professionals in sales, title processing and management. Only 10 were diverse.
  • In our survey of 11/22 of the top 15 agency marketing offices of a publicly-traded title insurer, we identified 152 senior professionals. Only one was diverse.
Is Opp LS able to do national transactions?

Yes. At this time we will partner with vetted agencies outside New York. Shortly, we will have licenses in several major markets outside New York as well.

Who owns Opp LS?

Opportunity Land Services is owned and operated by Opportunity CRE Inc., a Delaware Public Benefit Corporation. Enshrined in our operating process and by-laws are commitments to diversity in hiring, management promotion, stakeholder and shareholder participation, and vendor makeup. Over time, the majority of the ownership of Opportunity will migrate to those making the business flourish: our diverse teammates.

What is an ESOP?

Employee stock ownership plans enable closely-held companies to sell equity, at a fair market value, to an employee trust. They are not a stock option program. Instead, an ESOP is an ERISA-authorized, defined contribution plan that provides meaningful incentives to owners and employees. Opportunity Land Services’ founder served on the board of an ESOP insurance brokerage agency and witnessed how it changed the lives of all its employees over 20 years. Opportunity Land Services intends to implement an ESOP to support the creation of generational wealth for our team in the future.

Is Opp LS a MBE (Minority Business Enterprise)?
  • No. Over time our ownership will be distributed to the mostly diverse team that make Opp LS a valuable enterprise. Opp LS is a Public Benefit Corporation that is about more than a handful of leaders making money.
  • While an important factor in the struggle for economic opportunity, MBEs do not have a historic record of ability to scale and grow/hire materially.
  • Our founder pledges to transfer ownership interest to the employees through an Employee Stock Option Plan upon retirement or exit from the company. We are all working together to create generational wealth for the families of our team members.
What is the 10% Pledge?
    Opp LS will invest 10% of its net premium (what we are paid after remitting a portion of paid premium to our insurers) in our diversity programming. This will include funding for recruiting at HBCUs and other diverse higher education institutions, supporting these institutions with donations, offering internship opportunities and on-going support to students interested in title insurance, and supporting other novel diversity-supporting initiatives in the title industry.