Patent ID: 8548831

Claim:
A system for monitoring a title insurance policy including a processor and a memory in communication with the processor, the system comprising: computer readable logic stored on the memory and executable on the processor, the computer readable logic configured to: receive a title record including both owner identification information and property identification information; query a title record database to determine if the received title record has experienced an extinguishment event selected from the group consisting of: a loan modification; a foreclosure; a sale; an arms-length ownership change; and a change to a real-estate owned (REO) property; set an inactive indicator associated with the title insurance policy if an extinguishment event is determined to be associated with the owner identification and property identification information of the title record; set, in the absence of an inactive indicator, an active indicator associated with the title insurance policy if an extinguishment event is not determined to be associated with the owner identification and property identification information of the title record; and generate, if the active indicator is set, a monitoring flag associated with the received title record associated with the title insurance policy of interest.