This article bemoans the fact that there is “an absence of leadership in regards to the future of the government-sponsored enterprises and government reform.” I’m not sure that a lack of government involvement isn’t a good thing.
The number of recording jurisdictions that are electronically recording (e-recording) documents reached the 900 mark in April, according to Kay Wrucke, recorder, Martin County, Minn., and president of the Property Records Industry Association (PRIA).
“This milestone is particularly meaningful because ‘900’ represents approximately 25 percent of the total number of recording jurisdictions in the country,” Wrucke said.
According to PRIA’s tracking system, it took from the late 1990s until August 2006 to reach the 200 eRecording counties mark. More than 1,000 counties are expected to be electronically recording documents by the end of 2013.
“Between June 2012 and April 2013, the number of counties committing to the eRecording process increased by 9 percent,” said Washoe County (Nev.) Recorder and PRIA Technology Committee Co-chair, Larry Burtness. “As the PRIA eRecording standards continue to mature, the number of counties leveraging this technology continues to expand.”
I am looking for a subject matter expert that can help to develop a title continuing education course about agency risk management. Given the inevitable enforcement of the CFPB to look at how lending institutions monitor their vendors(read title agencies) title agents will need to know what is required in order to be in compliance.
Learntitle is approved in several states so the course will have wide appeal. Compensation will be a portion of the enrollment fee.
If you are interested, please contact me by responding to this post or sending me an email at email@example.com.
In this new Bulletin, CFPB again reminds Lenders to secure specific documentation from third party service providers, i.e., tile agents. This is a restatement of the same message sent in a 2012 Bulletin. Title agents should be prepared to receive new requests for copies of written internal policies and procedures that demonstrate their ability to protect the lender’s customer’s NPI.
The FBI’s Internet Crime Complaint Center receives complaints crossing the spectrum of cyber crime matters. Since they began tracking scams in the late 2013, it has compiled statistics on more than 7,000 U.S. companies that have been victimized. The scam succeeds by compromising legitimate business email accounts through social engineering or computer intrusion techniques, Businesses of all sizes are targeted, and the fraud is proliferating. Title companies handle a lot of money through their escrow accounts and are consequently a favorite target of cyber criminals. This course covers all the different types of cyber-fraud, how to recognize them, and how to protect your business against them.
In a recent opinion, Society Hill at Piscataway Condo. Ass’n v. Township of Piscataway, Middlesex County Superior Court Judge Douglas Wolfson ruled…
Data breaches continue to complicate the interpretation and understanding of commercial insurance policies. But even as courts confront thorny…
Increasingly, companies are looking to insurance to help manage their cybersecurity risks and defray losses sustained from data breaches. Losses can…
The Consumer Finance Protection Bureau (CFPB) has proposed clarifications for certain provisions for borrowers in bankruptcy, as well as additional enhancements to loss mitigation requirements, as they relate to Dodd-Frank Act protections, according to the Bureau’s newest Semiannual Regulatory Agenda, published in the Federal Register this week.
Read entire article here: CFPB Looks to Streamline Dodd-Frank Protections – DSNews