I am happy to introduce Nancy Pratt as a guest author on this blog. I’ve known Nancy for a few years and have always been impressed with her knowledge of the industry. I am excited that she has agreed to post here occasionally to share some of her insight.

Nancy G Pratt, the Business Development Director of eMortgage Services at PropertyInfo Corp., is responsible for the strategic planning and decision-making process to create revenue producing business development programs that promote and sell eMortgage solutions throughout the lender customer segments. Pratt is responsible for targeting and calling on direct sales opportunities as well as defining other potential distribution partners to embed our technology and offer as a service.

Nancy most recently served as Director of Lender Solutions for Stewart Title Guaranty in Region H. In this capacity she was responsible for the Marketing initiative for Stewart’s Regional Order Center. (ROC) The Regional Order Center facilitated National Title orders for nationwide lenders, and established consistent distribution and fulfillment of Stewart’s services across the country. In addition, Pratt provided solutions for Foreclosure Attorneys, Mortgage Servicing Portfolio Retention plans, Commercial Cell Tower clients, as well as supporting Stewart Agents and Affiliates in a 17 state Region.

As Director of Lender Solutions, Pratt brought the 1^st eClosings with Lenders to Stewart and the first eClosings in the state of Indiana.

Nancy has over 22 years of experience in the Mortgage Industry, working in multiple positions in Management, Operations and Origination. She also served as Education liaison for a Mortgage Company where she was responsible for FHA/VA training of Loan Officers in a multi state area.

Nancy is a member of ILTA, MISMO eMortgage workgroup, MISMO ResTech workgroup, MISMO Reverse Mtg workgroup, MISMO ROI workgroup and has served as Past President for South Central Mortgage Bankers and Chairman of the Legislative Committee.

Pratt graduated from Utah State University with a Bachelors degree in Political Science. She lives in Indianapolis, Indiana and has one son.

Art Oswald

Continuing Education for Title Agents

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Posted via email from Title Insurance
Continuing Ed for Title Agents

By JAMES R. HAGERTY

U.S. home prices will begin a gradual recovery by next year, according a survey of 92 economists and other housing analysts by MacroMarkets LLC.

Separately, the U.S. Census Bureau reported that single-family housing starts in April surged to a seasonally adjusted annual rate of 593,000, up 10.2% from March. Ivy Zelman, chief executive of research firm Zelman & Associates, said builders stepped up production ahead of the April 30 deadline for sales qualifying for a federal tax credit, but since then have cut back.

via online.wsj.com

Question is – can we wait?

Posted via web from Title Insurance
Continuing Ed for Title Agents

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10 Cities with Lowest Rates of Home Equity

May 13, 2010 admin

Despite generally rising home prices, home equity continues to fall in many cites hardest hit by the unraveling of the real estate market.

Equity continues to drop because of resetting mortgage rates, job losses, and high rates of foreclosure depressing home prices further.

Using information from credit reporting service Equifax, Forbes magazine measured the percentage of home equity relative to a home’s current value in the country’s 200 largest metropolitan statistical areas.

It determined that these are the 10 areas with the lowest average percentage of home equity:

1. Modesto, Calif.
2. Cape Coral-Fort Myers, Fla.
3. Phoenix-Mesa-Glendale, Ariz.
4. Las Vegas-Paradise, Nev.
5. Oxnard-Thousand Oaks-Ventura, Calif.
6. Stockton, Calif.
7. Merced, Calif.
8. Reno-Sparks, Nev.
9. Riverside-San Bernardino-Ontario, Calif.
10. Anchorage, Alaska