Most marine lenders avail themselves of the services of a marine title company to research a vessel's title, to prepare transfer documents, to secure the lender's interest and to apply for and obtain the new title. In the Northwest they have historically looked for additional assistance from the title companies. They rely on the title company to be familiar with the local, state and federal regulations, to act as an agent to gather all of the items necessary to close the transaction, and to ensure that all interested parties receive any claims from the sales proceeds.
Pacific Maritime Title offers these additional benefits to marine lenders, along with many others. It provides assistance with flooring lines, repossession, foreclosure and lien reconveyance.