Monthly Archives: November 2016

Continuing Education

Post Closing

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

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

Click Here to Enroll

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Title Insurance Issues

Kicking off the real estate commission discussion

We are going to be taking a look at the real estate commission model all month long here at Inman News.  You’ll find columns and guest perspectives about the future of real estate commissions, and Premium Members can look forward to receiving an Inman special report, "Is 6 Percent Dead."  We will also offer for purchase a special Inman Research Report, "The Future of Real Estate Commissions" later in the month (Feb. 12th and 26th, respectively) – Inman Premium Members receive an exclusive discount off the purchase of this report.

 The commission-based compensation model that dominates the real estate industry is something that always garners plenty of debate and discussion.  We’ll be your source for much of that discussion and debate during February, but some of it has already started. . .

Real estate agent and AgentGenius contributor, Jonathan Dalton, wrote a post yesterday opening the debate on real estate commissions.  The comment discussion that followed is spirited, and well worth a read.  It is the perfect warm-up for what is to come here at Inman News. 

read more

Main

Realtors Want Congress to Tweak Tax Credit Timeline – Developments – WSJ

The real-estate lobby wants Congress to extend the amount of time that potential home buyers have to complete transactions that qualify for the $8,000 federal home-buyer tax credit.

To qualify for the tax credit, buyers had to sign purchase agreements by April 30.  Those buyers have until the end of June to close on those sales, and anything that closes after that wouldn’t get the tax credit.

The problem, says the National Association of Realtors, is that many of those signed contracts are on foreclosures and short sales, where the lender allows the house to sell for less than the amount owed to the bank. Those transactions take longer than normal to process, and there’s some concern that many sales may not actually close in time.

via blogs.wsj.com

Posted via web from Title Insurance
Continuing Ed for Title Agents

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