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

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“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.

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