Patent ID: 8015037

Claim:
A system for monitoring a title insurance policy, the system comprising: a processor; a memory in communication with the processor; a database in communication with the processor and the memory, the database configured to store a plurality of property records, computer readable logic stored on the memory and executable on the processor, the computer readable logic configured to: receive a title record including at least an owner name and a property address associated with the title insurance policy; periodically monitor the database for one or more plurality of property records which includes the owner name and the property address, and identify one or more of the plurality of property records which would reflect an extinguishment event selected from the group consisting of: a loan payoff; a loan refinance; a foreclosure; a sale by a trustee; sale by an owner; an arms-length ownership change; and a change to a real-estate owned (REO) property; determine a status indicator for the title insurance policy, wherein the status indicator indicates that the title insurance policy is active if none of the stored plurality of property records is identified to include the owner name, the property address and reflects the extinguishment event, and wherein the status indicator indicates that the title insurance policy is extinguished if one or more of the stored plurality of property records is identified to include the owner name, the property address and reflects the extinguishment event; and generate a report with the status indicator for the title insurance policy.