Monthly Archives: January 2017

ALTA Best Practices, Continuing Education

PA ALTA Best Practices Pillar 2 Escrow Accounting course available in Pennsylvania

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This course is one in a series of Courses that discuss ALTA Best Practices. This one covers Pillar 2. The objective of the course is for the learner to complete the section of their policy and procedure manual for the pillars discussed in the course. Also, upon completion the learner will be confident that they will be able to pass an ALTA Best Practice audit for the pillars discussed in the course.

Pillar 2 is about Escrow Trust Accounting. Appropriate and effective escrow controls and staff training help title and settlement companies meet client and legal requirements for the safeguarding of client funds. These procedures help ensure accuracy and minimize the exposure to loss of client funds. Settlement companies may engage outside contractors to conduct segregation of trust accounting duties.

The course covers the 73 questions asked in the ALTA Pillar 2 Workbook so that the learner understands what is expected to be compliant. The course covers the Action Items report, Assessment Readiness, and Certification

Streamline Consulting has done the research and put together the content for the course. Streamline Consulting is a privately owned company that was formed in order to meet the personnel, technical and business needs of Title Insurance Companies. They are advocates for their clients in all aspects of the title insurance industry.

While the nature of the business is the same in all states, the nuances of each title company, even within the same city, can be very different. Streamline customizes every project and product for each title company, regardless of size, location or products and services provided to their customers.

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Continuing Education

Post Closing

The Closing is Over but What About the Post Closing

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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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Continuing Education

“Ramblings of a Title Man” on sale now

Author Michael A. Holden examines topics such as the world’s largest land owner, the origins of the United States land transfer system, the first “land restrictions” and many other topics about the Land Title Industry.

After working as both an agent and an underwriter, Michael Holden understands the critical partnership between them. Working as a title agent is a tough but rewarding job, and his goal is building a partnership that enhances a title agent’s success.

His family has served the title industry since 1920. He stepped into the business in 1989 and at one time owned and operated a large Missouri title agency. He has worked for two regional underwriters as national agency manager. He is an active member of ALTA, has served on several committees and the agents’ section committee to the board of governors. He speaks at state land title association conventions and provides CE classes to title agents in the Midwest.

His experience has afforded him a wide range of interesting experiences that he has gathered in this book.  It’s the perfect collection of short stories that as a person in the title business you will be sure to appreciate.

Hard Cover Digital Copy (pdf)
24.95 + tax and shipping
Total = $31.69		 $20.00 +tax
Total = $21.40