forward like most insurance. It insurance backward. Essentially, a title insurance policy takes a snapshot of the title to the property on the day the policy is issued and tells the policy holder the title company is going to insure that the snapshot was accurate. If something happens to the title to the property after the date of the policy, the policy doesn't cover it. They don't have any idea what will happen to the title to the land after the date of the policy.

So, even if a policy could be transferred from one lender to another, the policy would still have the same original snapshot date as when it was issued. The new lender would be lending with no insurance covering what happened in between the date of the policy and when the new lender lends money. Since, most things impacting title to property have a priority based on when they hit the county records, the new lender could be behind someone else in priority and lose its collateral entirely. No lender would ever do that.

I will also say I don't understand how blockchain would work in this case and maybe it could be done. I don't see how a substitute could come in place with what I know. Anyone care to enlighten me?