Category Archives: Title Agency

A Breakdown of the New CFPB Rules

The new regulations from the Consumer Financial Protection Bureau (CFPB) are geared toward providing the customer with a more transparent transaction. To help achieve this transparency, the agency has proposed seven changes to the real estate process. The changes touch almost every aspect of the real estate transaction, including the process, the length of time …Read more

Eight Tips for Better Escrow Accounting Procedures

Contributed by: Dina Taaffe, Stewart Financial Services Have you ever had to go back and research an earnest money deposit, a wire or a disbursed check, and spent hours trying to determine which file it relates to? That’s valuable time you could have spent doing other things, like performing closings, getting new business or even …Read more

Marketing to Your Lender Customers

I recently attended the National Settlement Services Summit (NS3), where compliance was a leading topic. In this new time of amplified transparency, it is necessary for all title agencies to differentiate their business by focusing on key factors that make it the best. Check out this article from The Title Report Daily, based on my …Read more

The Value of Escrow Security Bonds for Your Lender Customers

More than ever, lenders are requiring title and attorney agents to maintain insurance coverage to protect against settlement funds theft. While agents may have crime coverage through other forms of business or liability insurance policies, many times it will not protect settlement funds from theft. In addition, in the new regulatory environment, crime coverage may …Read more

How is Title Insurance Different Than Other Insurance?

The word insurance is identified with images of protection and security. It is often associated with undesirable events and transfer of risk. While title insurance does include these elements, there are some distinct characteristics that differ from much of the insurance industry. We insure the past, not the future According to the American Land Title …Read more

CFPB Update, 1-8-13

November 6, 2012 was the deadline for comments to the Consumer Financial Protection Bureau (CFPB) on its proposed rule to integrate mortgage disclosures required by Truth in Lending (TILA) and the Real Estate Settlement and Procedures Act (RESPA). Comments posted by individual consumers, lenders and title companies of all sizes, and trade organizations are available …Read more

ABC EPISODE DATE CHANGE: A Home for the Holidays for One of Our Nation’s Heroes, Made Possible by Extreme Makeover: Home Edition, HelpingaHero.org and Stewart

The holidays seemed to come early this year. Decorations, sales and festive music popped up long before Thanksgiving dinner was even set on the table. As we approach one of the biggest seasons of the year for philanthropy and corporate giving, I can’t help but feel lucky at Stewart, with its strong charitable philosophy engrained …Read more

How to Choose the Right Server Vendor

As discussed in my previous post, cloud computing can offer great benefits for title agencies. Still, choosing the right vendor can be overwhelming. A little research and preparation up front can help make the transition to the cloud smooth and manageable. How long has the company been around? Make sure you are well versed on …Read more

Benefits of the Cloud

The title industry has changed considerably over the last three years. Budgets have been cut due to economic conditions. Most title agents are allowing their title and escrow officers to work remotely to enhance work-life balance. New regulations are on the horizon. Cloud computing makes a lot of sense in this new environment where flexibility …Read more