A New And Different Housing Bubble Is Taking Shape

From Business Insider
Wolf Richter
March 19

We have seen it for several years now: foreclosure sales—there were 5 million since the peak of the housing bubble—have become the hunting grounds for investors with two goals: hanging on to these homes until the Fed’s flood of money drives up their value; and defraying the expenses of ownership by renting them out. And funds have a third goal: collecting management fees.

Read more: http://www.testosteronepit.com/home/2013/3/18/housing-bubble-ii-but-this-time-its-different.html#ixzz2OR8rvYgw

Subject Matter Experts needed for Continuing Education Courses

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 art@learntitle.com.




The Consumer Mortgage Choice Act (H.R. 1077) reintroduced

This is an interesting discussion over on Linkedin in the American Land Title Association Group.

The Act provides for exclusion of fees charged by creditor’s affiliates from the 3% Dodd-Frank “points and fees” threshold used to determine which loans qualify as Qualified Mortgages (QMs).

Check it out

CFPB Bulletin 2016-02 – Impact on Title Agents

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.


Source: CFPB Bulletin 2016-02 – Impact on Title Agents

Debate continues as to whether general liability policies ought to provide coverage for cyber losses – Lexology

While well over a dozen class actions have been commenced in Canada with respect to alleged third-party losses stemming from large-scale data…

Source: Debate continues as to whether general liability policies ought to provide coverage for cyber losses – Lexology

How Title Agents and Attorneys can Optimize their Social Media Accounts – TitleTap

Some good fundamental advice for those who have not yet got involved in Social Media.

How to properly set up Facebook Accounts for Real Estate professionals including Title Agents, Mortgage Brokers and Law Firms. Even though setting up a Facebook account seems trivial, since Facebook has so many features most firms don’t do the critical steps that will give them the …

Source: How Title Agents and Attorneys can Optimize their Social Media Accounts – TitleTap

RESPA course updated

This updated version of the course is worth 4 credits
Reduce your enrollment fee by earning points.  Click Here for details.

Click Here to Enroll

Learntitle’s RESPA course has been updated.  It is the most complete treatment of RESPA and Regulation X available. It includes an extensive review of the new Loan Disclosure and Closing Disclosure.  The course is presented by Vince Danzi.

Vince DanziVincent G. Danzi graduated from the University of Texas at Austin with a Bachelor’s degree in History in 1995 and earned his law degree in 2000 from the State University of New York at Buffalo.  Prior to law school, he was a Licensure Investigator for the Texas State Board of Medical Examiners.  Since law school, he has worked in the title insurance and settlement services industry.  He serves as General Counsel for Equity Settlement Services, Inc., a national title and settlement services provider, which offers a wide range of services across a thirty-five state footprint.  Outside this role, his practice includes business legal representation, consulting, and serving in an of-counsel and outside expert capacity on RESPA and other compliance and title insurance issues.  In accord with his enduring devotion to computer programming, he is also a database application and user interface developer.  He lectures, writes, and otherwise contributes to the publications and seminars of such organizations as The New York State Land Title Association, the Title Appraisal Vendor Management Association, October Research, The New York State and Suffolk County Bar Associations, and is a member of the Editorial Advisory Board of October Research’s The Legal Description, the nation’s leading legislative and legal analysis newsletter for the title insurance and settlement services industry.  Mr. Danzi was a featured speaker at the 2011 National Settlement Services & Compliance Summit in Cleveland, Ohio, at which he spoke on best practices for the title insurance industry

4 credits – only $70.00
Reduce your enrollment fee by earning points.  Click Here for details.

Click Here to Enroll

Electronic Delivery of Mortgage Disclosures

1 credit

Click Here to Enroll

Two industry leaders explain electronic delivery and esignatures. Electronic delivery of documents has become ubiquitous. It’s only natural that it would come to the Mortgage and Title industry. This course will give you some historical legislative background and will help you understand how electronic delivery and electronic signatures will impact your business.

The Presenters are

David Whitaker, Esq.

David Whitaker is Counsel in the Chicago office of BuckleySandler LLP.  Mr. Whitaker advises financial services companies in transactional, legal and regulatory matters.  Mr. Whitaker also assists companies in their efforts to structure and implement platforms and processes that conform to the requirements of the Electronic Signatures in Global and National Commerce Act (ESIGN), the Uniform Electronic Transactions Act (UETA), other applicable state and federal laws, and various industry standards.

Prior to joining BuckleySandler, Mr. Whitaker was Senior Company Counsel in the Strategy & Operational Risk Group at Wells Fargo Bank, N.A., where he served as team leader for the group of attorneys supporting Wells’ electronic financial services.  In that role, he supported the bank’s online and mobile banking services, and a wide variety of new product development initiatives.  Among other products, he served as the primary legal architect at Wells for the development of the vSafe online document storage service and the clearXchange P2P electronic payments platform.

Before joining Wells, Mr. Whitaker was Of Counsel in Goodwin Procter’s Corporate Department and a member of its Financial Services Practice, specializing in electronic commerce issues and financial services law. He has extensive experience with practical application of laws governing electronic banking, letters of credit, payment systems and commercial and consumer financing. Before joining Goodwin Procter, Mr. Whitaker was Assistant General Counsel at the Federal Home Loan Mortgage Corporation (Freddie Mac) in McLean, Virginia. He has also served as a Vice President at Star Bank, N.A. (now U.S. Bancorp), headquartered in Cincinnati, Ohio; Vice President and Assistant Director of Legal Services at Bank of Oklahoma, N.A.; and in private practice as a partner at Boesche, McDermott & Eskridge, in Tulsa, Oklahoma.

Mr. Whitaker is a member of the American Law Institute. He was named a “2009 Mortgage Banking Technology All-Star” by Mortgage Banking Magazine, in recognition of his pivotal role in “transform[ing] e-mortgages from an idea into a product.” Mr. Whitaker is also a member of the American Bar Association’s Business Law Section, and the Business Law Section’s Committee on the Uniform Commercial Code (“UCC”), Committee on the Law of Commerce in Cyberspace, and UCC Subcommittee on Letters of Credit. He has co-chaired the Cyberspace Committee’s Task Force on Federated Identity Management.

Michael Laurie

Michael LaurieMichael co-founded Silanis more than 20 years ago. Today he is responsible for planning and growth strategies for product marketing and product management.

An expert in the field of compliance and standards for electronic signatures and e-vaulting solutions, Michael has been a driving force in advancing the e-signature marketplace through his participation in industry associations and contribution to standards including SPeRS, ESRA, MISMO and IRI. He is a frequent featured speaker at industry conferences and events. In 2013, he was recognized by BuckleySandler LLP with an ESIGN Service Award for his pioneering educational efforts, innovation within the industry and championing of electronic signatures in commerce.

Michael graduated from Laval University with a bachelor of sciences in electrical engineering.

Click Here to Enroll

Post Closing course approved in District of Columbia

Learntitle has had another course approved in the District of Columbia:

The Closing is Over but What About the Post Closing

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


  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


  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
Liz Tanner
Tanner Law, Ltd.
Final Trac
16B Gooding Ave,
Bristol RI 02809
(401) 253-7854

Easements: Defined and Illustrated

3 Credits
Click Here to Enroll

This course covers all aspects of easments as they relate to title insurance. Types of easements, creation of easements, and several court cases pertaining to easements are included. When finished with this course you will be confident preparing your commitment when easements are involved.

Click Here to Enroll

The Presenter is

Wendy Lathrop

Wendy Lathrop, PLS, CFM is president and owner of Cadastral Consulting, LLC, licensed as a Professional Land Surveyor in New Jersey, Pennsylvania, Delaware, and Maryland, and as a Professional Planner in New Jersey. She is also a Certified Floodplain Manager (CFM) through the Association of State Flood Plain Managers.  Wendy has been involved since 1974 in surveying projects ranging from construction to boundary to environmental land use disputes. She has been teaching seminars for surveyors across the country since 1986 and has been writing articles for surveyors since 1983.  Wendy is a contributing editor for The American Surveyor magazine, and has two articles included in the American Bar Association’s text, “Land Surveys: A Guide for Lawyers and Other Professionals.”

Click Here to Enroll