That is pretty much the best way to do it in the Title Tool. There is no "Save As" function in it.
But you can also crank these out easily in After Effects. Download the freebie effects from graymachine (http://www.graymachine.com/tutorials/graymachine-super-awesome-presets-1/) and use his bullet point-making goodies.
Super easy to use, plus you can add some motion. Takes little time to render. I use them a lot for simple bullet lists.
Dell Precision T7600 (x2)
Win 7 64-bit
Adobe CC 2014 (as of 7/2015)
256GB SSD system drive
4 internal media drives RAID 5
Typically cutting short form from HD MP4 and P2 MXF.