MBA Cuts 2017 Q1 Origination Forecast

Following the Federal Reserve’s decision to raise rates a quarter point, the Mortgage Bankers Association (MBA) lowered its origination forecast for the first quarter of 2017. “We have adjusted the path of interest rates upwards a bit more quickly in 2017 reflecting the fact that the recent rate increase following the election has been sustained,”

Posted in Industry News | Comments Off on MBA Cuts 2017 Q1 Origination Forecast

What’s Your One Thing for 2017?

By Michelle Korsmo We are busy. Every one of us can talk about being bombarded by emails, phone calls, texts, and meetings. The various and simultaneous demands distract us from our most important work, if we even take the time to think about what our most important work should be. While we all want fewer

Posted in Industry News | Comments Off on What’s Your One Thing for 2017?

Best Practices Maturity Model: Another Take on Best Practices Assessment Reports

ALTA’s Best Practices Maturity Model is a resource to help companies identify areas of their policies and procedures that can be enhanced to better meet the Best Practices. To use the Maturity Model, a company must first undergo a Best Practices assessment that tests the company’s policies and procedures to the ALTA Title Insurance and Settlement

Posted in Industry News | Comments Off on Best Practices Maturity Model: Another Take on Best Practices Assessment Reports

Survey: Risk of Mortgage Fraud, Misrepresentations or Defects Continues to Decline

Defect, fraud and misrepresentation risk is falling across the United States, and decreasing to very low levels in some markets, according to First American’s latest Loan Application Defect Index. Data shows that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased 1.4 percent in September as compared with

Posted in Industry News | Comments Off on Survey: Risk of Mortgage Fraud, Misrepresentations or Defects Continues to Decline

Go Where Your Customers Are

With so many consumers obtaining information on their phones and through social media, make sure to take advantage of the member-exclusive content provided by ALTA in the Hombuyer Guide. The guide includes nearly 70 items that title professionals can use to explain the benefits of title insurance. Source: ALTA Blog

Posted in Industry News | Comments Off on Go Where Your Customers Are

Water/Sewer Account Info and Final Readings

All title professionals in DC should be familiar with water/sewer charges, which are administered by the D.C. Water and Sewer Authority (WASA) (https://www.dcwater.com/). Unpaid water and sewer charges constitute a lien on real property, which means that you need to raise an appropriate exception in Schedule B of your title commitment/policy. The liens attach to

Posted in DCLTA News | Comments Off on Water/Sewer Account Info and Final Readings

How (Un)Lucky are You? One in Three Cyberattacks Result in a Security Breach

One in three targeted cyberattacks over the past 12 months results in a security breach, according a new survey from Accenture. Despite this alarming number of incidents, 75 percent of respondents were “confident” they were doing the right things with their security strategies, and a similar number said security is “completely embedded” in their cultures,

Posted in Industry News | Comments Off on How (Un)Lucky are You? One in Three Cyberattacks Result in a Security Breach

ALTA Members Recognized for Creative Use of HOP

During ALTA ONE earlier this month, two member companies were recognized for their creative use of the Homebuyer Outreach Program (HOP). HOP was developed to help ALTA members easily communicate the benefits of owner’s title insurance with homebuyers, real estate agents and others. Receiving a complimentary registration to ALTA ONE was Boone Central Title Company

Posted in Industry News | Comments Off on ALTA Members Recognized for Creative Use of HOP