Monthly Archives: June 2014

Title Insurance Issues

ALTA Best Practice #1 – Licenses

Over the next few weeks I will be discussing the ALTA Best Practices.  #1 is about licensing.

– Title Agent or Producer license or registration or any other business licensing requirement as by state law, or a license to practice law , where applicable.

Best Practice

– Establish and maintain all current licenses that are required to conduct title and insurance settlement services business.

Reason

– Keeping up to date with all applicable state mandated licenses and corporate registrations, helps to establish and maintain a healthy and happy relationship between your company and the state.

For more information about ALTA Best Practices, take Learntitle’s Ethics course.  Enroll Here.

Title Insurance Issues

New Course approved in Pennsylvania

Learntitle has had another course approved in Pennsylvania:

The Closing is Over but What About the Post Closing

Click Here to Enroll

This course is approved for 1 credit.
The following is an outline of what will be covered in the course:

Eye on the Prize/ Get it Closed

  1. Fiduciary Responsibility / Commitments
  2. Disbursements
  3. Risk Factors

What Is Post-Closing? 

  1. Recordings
  2. Money
  3. Lien Release and Trustee Services
  4. Original Documents
  5. Culture – the details

Recording – Priority  

  1. Importance of Immediate Recordation
    1. Compliance
    2. Policy Liability / Gap
    3. Customer Satisfaction
    4. Underwriter Relationship
    5. Minimize Title Liability
    6. Supports prompt funding
    7. What is E-Recording? How does it help?

Follow the Money

  1. Payoffs
  2. Insurance, Taxes, High Risk Items
  3. Good Funds vs. Collected Funds

Reconciliation

  1. 3 way reconciliation
  2. Consumer funds
  3. Balance in Files
  4. Fraud
  5. Security
  6. Escheat
  7. Protecting consumer funds

Lien Release Tracking

  1. Have a process
  2. Follow through
  3. What to do when you can’t wrap it up

Outsourcing

  1. How does it all work?
  2. Curative
  3. Settlement

The Challenge of Change

  1. Getting Staff buy in
  2. Creating a culture that supports thorough post-closing processes

Click Here to Enroll

Presenting this course are:

Vicki DiPasquale
National Sales Manager
Simplifile		 Liz Tanner
Tanner Law, Ltd.
Final Trac
16B Gooding Ave,
Bristol RI 02809
(401) 253-7854