Tag Archives: NJ title insurance

Title Insurance Issues

Basic Reading

Open
OPEN
Estimated Length: 3 hours
Cost: $55.00 (USD)
Credits: 3
Enrollment Valid For: 12 months

Description

3 Credits.  This course discusses the basic function of a title reader. Another course addressed the function of title searchers in the twenty one county record rooms in the State of New Jersey. The title office or agent will order the necessary searches required by a title application in accordance with the title underwriter’s guidelines.

The course discusses the elements of the search, the preparation of the commitment, and the factors that must be considered to insure the transaction.

Objectives

Upon completion of this course the learner will

  • be able to list the elements of a search
  • be able to prepare a completed commitment
  • be able to identify common defects in title
  • recognize liens and encumbrances associated with titles
Title Insurance Issues

Xerox scanners alter numbers in scanned documents | ZDNet

As if we don’t have enough to think about . . .

When set in the non-default ‘Normal’ image quality mode, some Xerox scanners and photocopiers may change characters, including numerals, in scanned documents. The initial finding of this problem was made earlier today by German researcher D. Kriesel. Kriesel demonstrated that on a Xerox WorkCentre models 7535 and 7556 scans of certain documents with numbers in them resulted in the numbers being different in the paper and scanned image.

via Xerox scanners alter numbers in scanned documents | ZDNet.

Title Insurance Issues

ABA Dodd-Frank Tracker: House Panel Approves Hensarling Housing Bill

This bill is working its way through the legislature.

As passed, the bill would wind down Fannie Mae and Freddie Mac within five years, replace them with a “public utility” to oversee the creation and maintenance of a single platform for the private sale of mortgages and end all federal guarantees. It also would reduce the mortgage insurance coverage provided by the Federal Housing Administration to only 50% of the mortgage being insured and re-target the FHA to serve first-time and low-income homebuyers.

ABA Dodd-Frank Tracker: House Panel Approves Hensarling Housing Bill.

What do you think the impact will be if this bill passes?