This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. The National Council of Insurance Legislators and 14 attorneys general have also pushed for its termination.
For title agency owners and professionals, finding the time and resources to train your team can be challenging. However, well-trained employees offer undeniable benefits, such as increased productivity , engagement and job performance. While mentoring and coaching go hand-in-hand, they’re not interchangeable terms. ” We agree.
Lessons from California wildfires and other natural disasters Californias wildfires highlighted the chaos that natural disasters continue to unleash not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding.
Mortgage tech firm TRAiNED Inc. TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. Department of Homeland Security and title insurance company Charter Title. hired two executives as it looks to take the company to its next phase of development.
Sophisticated printers and software turned out fake documents that could fool even the trained eye, and notary stamps, once symbols of trust, became available for purchase online. Despite this grim outlook, there is a title insurance product that offers homeowners immediate peace of mind. The damage has already been done.
Climate challenges, discrimination Nearly 40% of agents reported that climate change is influencing where people choose to live, and close to half encountered more issues with home insurance during transactions in 2024. However, fewer than 10% of agents said they had received training on discussing climate risks with clients.
Federal regulations mandate that nonbank LOs take training prior to being certified. The Office of the Comptroller of the Currency (OCC), the Federal Reserve System , and the Federal Deposit Insurance Corporation (FDIC) oversee and regulate the activities of banks. Learning materials up to par? HMDA, Fair Lending etc.,”
The consent order states that between a three-year period – from February 2017 through February 2020 – the bank’s risk assessment, internal controls, and training led to various violations. over flood insurance violations appeared first on HousingWire. A Flagstar Bank spokesperson declined to comment on the consent order.
Under the new law, if a deed or mortgage is filed with the clerk of a superior court for recording by a self-filer i.e., a person who is not an insurance agent, attorney, bank or credit union agent, mortgage lender or servicer, land surveyor or public official it must be submitted via electronic filing.
But when we say this is the Ultimate Resource Guide for title insurance professionals, we mean it! Associations American Land Title Association (ALTA) ALTA serves as the national trade association and voice for the title insurance industry, representing over 6,000 title insurance companies, agents and real estate attorneys.
Property insurance premiums and property tax hikes have also added financial strain, particularly in disaster-prone regions like the Southeast and West, where insurance carriers are passing on higher costs to homeowners. I believe the concerns for the market at this point are dramatically related to geographics.
Climate change and insurance issues: Nearly 40% of agents believe climate change is impacting where people choose to live, and almost half of all agents encountered more issues with home insurance during transactions in 2024. Despite these concerns, a majority of agents are optimistic about increasing sales in 2025.
White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. It also provides IT infrastructure experts, back-office support, and training for the franchisee. It also operates in Florida.
According to a survey of 783 title insurance entities nationwide conducted by ALTA and NDP Analytics, 28% of title insurance companies reported at least one SIF attempt in 2023, and 19% reported an attempt during the month of April 2024 alone. Fortunately, most SIF cases are identified and addressed before closing.
Much like lawyers needing to take a separate bar exam in each state they wish to practice in, real estate agents’ training and licensing requirements vary by state. With training courses for all 50 states and easily accessible online courses, The CE Shop is a value-packed resource for agents nationwide. We highly recommend The CE Shop.
Obtain insurance Most states will require you to carry both liability insurance and errors and omissions (E&O) insurance for your brokerage. Training: New and seasoned agent training programs: This must also include onboarding programs to ensure new agents are equipped to succeed quickly.
While these advances are promising, it will still be up to trained professionals to interpret these alerts and take appropriate action. Train your team : Once you have a grasp on the basics of AI and how you see it fitting into your operations, equip your staff with the necessary skills to use AI tools effectively.
Furthermore, servicers can leverage these relationships to approach consumers with value-added services including asset protection, insurance products, home improvement loans, and maintenance options. Revenue can also skyrocket, as well-trained staff with the right servicing software can service 700 or more loans individually.
To ensure the safety of your digital assets and sensitive information, it’s important to make sure all users are well-informed about cybersecurity and receive periodic training. To reduce risks , we’ll explore why empowering your team through education and training is essential to mitigate risks and keep your business secure.
A home health checkup, or an instance related to a home equity line of credit or a reverse mortgage, could see an insurance company require an inspection with a plan for new coverage, which tends to be important for people in the inspection field. But home inspectors also have reputations as alarmists, Cook said.
As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. One of the things that we are currently working on is a new consumer facing website that is focused solely on bringing talent into the title insurance field.”.
Her experience has landed her several speaking engagements at training seminars, conferences, and continuing legal education courses on real property issues. We achieved this through a series of impactful conferences, engaging webinars, on-site servicer training sessions, servicer certification courses, and our regular publications.
In the letter, the officials expressed concerns over the revived pilot program that aims to remove the title insurance requirement for certain loans sold to Fannie Mae. The pilot program will shift title risk on refinanced loans purchased by Fannie Mae from state-regulated title insurance companies to Fannie Mae itself,” the letter stated.
The total estimated cost of getting a Colorado real estate license ranges from $1,080 to $1,800, depending on the real estate course you choose and the cost of your E&O insurance. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims.
Additionally, unless there is “specific insurance coverage for stolen funds and all requirements to coverage in an insuring contract are satisfied, a claim for damages will be denied.”
Bettina Arthur has been promoted to vice president of sales enablement at Westcor Land Title Insurance Company. Arthur joined Westcor in 2011 and served as director of training prior to this new role. Arthur joined Westcor in 2011 and served as director of training prior to this new role.
Title insurance veteran Janice Cassidy has been named agency compliance manager at North American Title Insurance Co., I look forward to providing our agents with guidance on industry trends, resources for growth and ongoing training and education.” a subsidiary of Doma.
The researchers have several potential explanations for the gap, including lower wages, job quality issues and a lack of investment “in the direct care workforce, such as job training programs and financial incentives for workers.”
“99 ZEROS, AND ONE YES” Insurance Analyst Billy Saunders recalls the challenge like it was yesterday. people, the challenges of hiring, training and compensating trainees have blocked the path of young people interested in the profession. He credits the training he received, and ongoing support of the entire team.
In today’s rapidly evolving digital landscape, it is crucial to understand and effectively manage cybersecurity risks in order to safeguard your title insurance or real estate business. Regular training sessions and awareness programs can empower employees to recognize and respond to threats effectively.
has agreed to pay $150,000 to the California Department of Insurance (CDI) to settle allegations that two of its employees violated state law that prohibits conflicts of interest in real estate transactions. He is also barred from seeking any insurance license for the next three years. California Best Title Co.
The title insurance giant announced that Frank Sodaro will succeed Karl Mueller as chief financial officer when Mueller retires at the end of June. Lieser has worked in Old Republic’s title insurance business for 37 years. Mueller will work with Sodaro, a CPA by training, in an advisory role until he retires, the company said.
The title insurance industry is vigorously battling these challenges as it protects Americans’ largest asset, their homes. In fact, a new study notes that nearly all title companies surveyed currently provide or plan to provide education and resources to train employees on fraud.
million to fund a training grant that would, in part, “enable specialized training that will prepare counselors to support expanded HECM counseling and to better understand property valuation bias so that they can effectively counsel clients on this topic,” according to congressional justifications for the budget. HUD is requesting $2.5
The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.
The title insurance industry generated $6.8 billion in title insurance premiums in Q3, marking the industry’s best quarter ever. Blend’s title team has reimagined this process and created the backend technology to power a new standard for a premium title insurance experience. Click here to submit your company.
We have expanded our team member training to [include talking to customers] about their home value and equity if the customer truly can no longer afford the home and none of the retention options are available or appealing to the customer. We again believe customer education is the best way to reduce risk.
Plus, we offer appraisals and field services through other Altisource’s lines of business, including insurance through CastleLine. Although the initial setup, including staffing and training, might take some time, once in place the process will be pretty smooth for the client. Security is a major priority for us too.
This calculation includes median home prices , assuming a 10% down payment, as well as taxes, homeowners insurance and private mortgage insurance. The NAHB/Wells Fargo CHI, a quarterly analysis of housing costs at both the national and metropolitan levels, measures the share of income needed to make a typical mortgage payment.
The new interface is poised to streamline workflows, enhance efficiencies and simplify the training process for servicing team members. In the past few months, ICE launched other products, including a mortgage insurance center on its Encompass loan origination system to improve management functionality and enhance rate-quote comparisons.
These providers help title insurance professionals receive the tools to “stay compliant, reduce costs and inefficiencies and grow their business,” according to a statement. Doma Academy also provides resources like webinars and training to prevent wire fraud. Doma is eager to introduce paymints.io
Mortgage insurer Radian Group Inc. Iyer said Radian is offering severance packages, benefits, outplacement services and job training to the employees who were laid off. Private mortgage insurance protect lenders from payment defaults when borrowers’ down payments are less than 20%. 1 from two of its offices in Pennsylvania.
Little is a customer-centric visionary, with a background in operations, training, business development and management across nearly all channels of the mortgage services industry. He has been a part of the Fidelity National Financial (FNF) family of companies for nearly 10 years.
The bill passed the Alabama House of Representatives in mid-February and is currently on the calendar of the state Senates banking and insurance committee for further review. Further up the East Coast in Massachusetts , Anthony Lamacchia spent months training his agents on these agreements.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content