The en banc (before the entire bench) D.C. Circuit Court heard oral arguments this week in the PHH case. While fortune telling from oral arguments is a tricky business, there are a few things of interest.
Technology is constantly advancing and changing the way consumers, real estate professionals and lenders are thinking about real estate and the choices in the marketplace. There are incredible opportunities for title companies and closing attorneys to innovate and market the choice of a digital closing experience, in addition to the traditional table closing experience, to lead this change into the future.
The marketplace reality is that consumers expect a digital solution to improve their home buying experience. We must meet our customer needs and problem-solve a solution that allows real estate transactions to close electronically. A hybrid approach to e-Closing would allow the title and settlement industry to begin some form of e-Closings today while working with technology providers, Secretaries of State, county recorders and state legislatures to move the industry toward a full e-Closing in the near future.
In my last blog post, I explained the job of underwriting attorneys and our role in evaluating title insurance risk and working with agents and customers to help them get the deal done, while taking risk into account. Specifically, how do we evaluate whether a title insurance risk is acceptable? The primary way is by …Read more
Underwriting is a word commonly used in the title insurance business. But how many of us really understand the role of a title insurance underwriter? The word means to “write at the foot of or subscribe,” with subscribe coming from the Latin word to write-under. The term is believed to have been coined in the …Read more
Recently, I had the fortunate experience of being interviewed by the Albuquerque Journal for a story on the value of title insurance. Along with Division President Jennifer Greenwood, we had the opportunity to make a complex process easier to understand and explain the importance of title insurance. As I noted in the story, most insurance …Read more
It is often said that laws are like sausage – it’s better not to see them being made. This quote, attributed to Otto Von Bismarck, could well apply to the recently enacted New Mexico Scrivener’s Affidavit law (Senate Bill 146) and signed into law by Governor Susana Martinez. The law went into effect July 1, …Read more
Most everyone knows me as the “Bow Tie Guy.” Having it on my business cards and my email signature (and even on my license plate!) helps, but that’s not why people have come to recognize me as the Bow Tie Guy and what it really stands for. I’ve worn bow ties for most of my …Read more
I am the New Mexico and Oklahoma Underwriting Counsel for Stewart Title Guaranty Company. Like most of you, I’ve had many experiences that have taught me much and shaped my views and perspectives on real estate – from both legal and transactional points of view. I’d like to start sharing those with you. I’ve been …Read more