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Volume 78,  
mid-November 2013

      

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Invest in the Property Records Industry 

 

Are you invested in the property records industry by participating in a local PREP Chapter?  Now, make that investment nationally by joining the Property Records Industry Association (PRIA).

 

If you are making a difference in your local area by participating in PREP chapter events, make a difference in the national arena also.  Your voice can be heard and should be heard.  Take part in the process and influence the work products that PRIA produces.

 

PRIA develops and promotes national standards and best practices for the property records industry by: 

  • Identifying appropriate opportunities for collaboration among industry stakeholders,
  • Developing recommendations for standards and best practices,
  • Encouraging and supporting the adoption of such standards and practices,
  • Providing a clearinghouse for property-records-related information,
  • Educating members, industry stakeholders  and the public about the property records industry.

Did you know that without PRIA's financial support PREP Chapters would not exist?  PRIA provides monetary and staff support for developing PREP Chapters, programs, communications and the website.

 

Join PRIA NOW at just 75 percent of the full year membership fee and your membership will be in effect through July 31, 2014.

 

Save the date for the PRIA Winter Symposium in Arlington, VA, February 26-28,  where industry partners from around the country will gather to share information, learn new processes and find solutions to common industry challenges.

 

To join PRIA click here.  Any questions feel free to contact us anytime. 

 

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News from PREP Chapters

 

In every edition of the PREP Newsletter, we highlight a PREP Chapter and post an abbreviated version of their recent Chapter minutes.  You can also see what PREP Chapters are talking about by going to PRIA's PREP Chapters webpage.  

 

Metro Minnesota PREP:

Co-chairs: Government, Timi Bailey, timi.bailey@co.anoka.mn.us and Business, Darlene Missler, dmissler@firstam.com

 

The Metro Minnesota PREP met on September 12, 2013.  This meeting started with discussion about upcoming local gatherings of interest, including the Bar Association and the Safe at Home Program meetings.  The MLTA discussed statutes of concern and the recent Dodd-Frank Newsletter was reviewed. The remainder of the meeting revolved around a variety of issues regarding eRecording in various counties, document rejection issues, and an update on the ERERC Commission.  The next meeting for this PREP Chapter is to be held in November.   (To read this Chapter's minutes on PRIA's PREP Webpage, click here.)       

 

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PRIA's eRecording eXcellence Work Group announces release of "Security and Technology Video Companion Paper" for 30-day Review

PRIA's eRecording eXcellence Work Group announced the completion of the paper on Security and Technology which accompanies the video of the same name that was previewed at the 2013 PRIA Annual Conference in Minneapolis.

The paper has undergone multiple reviews and rewrites by a taskforce of the eRecording eXcellence Work Group and is now ready for 30-day comment. 

Comments should be submitted back to Latha Parmarsewan  or Jerry Lewallen, two of the principles on this companion paper, by Friday, December 6, 2013, 5 p.m., ET. To access the paper,
click here.

       

 

Indecomm Global Services eRecording Penetration Passes 500 County Mark

 

Indecomm Global Services, a leader in business process outsourcing, learning, and technology solutions, announces that it is now offering eRecording  to lenders and title agents in over 500 counties nationwide. The push to a broader footprint in eRecording was aided by the recent addition of all the Hawaiian counties to the Indecomm roster, helping Indecomm's technology to span the continent. Indecomm already offers paper recording in all the jurisdictions in the United States.

"This milestone is important to our customers as they partner with us. Indecomm's eRecording expansion is guided by our customers. The very large eRecording user base generates economies of scale as well as broadens the institutional knowledge base of eRecording requirements," said Rajan Nair, President, Financial Services Division, Indecomm Global Services. "Our customers can readily draw from our eRecording subject matter experts as they expand their skills in different recording jurisdictions." 

Indecomm's mortgage document management solutions include turnkey paper and eRecording services, image-based recording quality control as well as walk-in recording services. Benefits include a reduction in business risks and the ability to improve efficiencies. For more information, visit http://dmg.indecomm.net.

 

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Thomson Reuters and NACo's Webcast: Annual Survey - Information about Health of Local Property Markets and Technology Use in County Tax Offices
  
Each year, Thomson Reuters and the National Association of Counties collaborate on the Local Property Market Survey. Through the survey, Thomson Reuters and NACo engage with tax, assessment, and recording officials from counties throughout the United States to learn more about current conditions and identify trends and patterns across the country.

Join GOVERNING for a live, interactive webcast as we hear from Thomson Reuters and NACo about the survey results and key findings. County tax officials will be on hand to share their experiences and participate in a conversation about the trends in this area.

During the webcast you will: 
  • Hear more about the Thomson Reuters and NACo survey, including key trends and patterns that were uncovered about overall activity and health of local property markets
  • Engage with county tax officials and hear more about technology systems and operations in their offices
 
   
PRIA 2014 Winter Symposium Slated for February
  
The 2014 Winter Symposium will be held February 26-28 at the Marriott Crystal City in Arlington, Va.  Just a short 2-mile taxi ride from Ronald Reagan Airport, the hotel is convenient to  restaurants and shopping.  The online reservation portal is available on the website along with the preliminary schedule.  Room rate is $209/single or double accommodations. 

 

"Setting Standards for Success" is the theme for the Symposium and sessions will revolve around current and new PRIA standards, best practices and White Papers.  Be prepared to roll up your sleeves, power up your iPad or laptop and get to work on the next generation of PRIA products.  

 

ALTA NEWS:  Title Action Network Passes Membership Milestone

 

The Title Action Network (TAN), the premier grassroots organization promoting the value of the land title industry, has recruited more than 6,000 members. The organization was launched in 2012.

"We are extremely pleased with the growth and participation in TAN this year," said Michelle Korsmo, ALTA's chief executive officer. "TAN members continue to recruit land title professionals from around the country to help promote the value of the industry to legislators and regulators."

TAN is also pleased to announce partnership with 36 state land title associations. State association partners include: Alaska, Arkansas, Arizona, California, Colorado, Dixie Land (Georgia, Mississippi and Alabama), Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New England (Connecticut, Maine, Massachusetts, Rhode Island, Vermont and New Hampshire), New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Dakota, Utah, Virginia, Washington, Wisconsin and Wyoming.

"The participation from the state land title association has been exceptional," said Rob Chapman, ALTA's president. "Through the use of TAN, several states including Colorado, Indiana, Minnesota and New York have already seen legislative victories on industry issues. The continued growth of TAN depends heavily on the continued use by our state partners. We are grateful for their support."  For more information on TAN, go to www.titleactionnetwork.com.
  
Links to National News

 

HousingWire | November 12, 2013

Mortgage credit availability started to expand in October even though underwriting standards remained high against historic standards, the Mortgage Bankers Association concluded in its Mortgage Credit Availability Index.

 

CNBC | November 13, 2013

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.8 percent.

 

Nasdaq | November 12, 2013

The legal quagmire for Bank of America Corporation has intensified. It is in trouble again for the sale of risky residential mortgage-backed securities (RMBS) by Countrywide Financial Corp., which was acquired by the bank in Jul 2008.

 

The Wall Street Journal | November 8, 2013

As chief economist of the National Association of Realtors, the housing industry's biggest cheerleader, Lawrence Yun often has an optimistic outlook.  

 

Join the PREP Blog and the PREP LinkedIn Group

 

Almost every day, we post national news articles, and PRIA and PREP Chapter information on the PREP Blog and the PRIA/PREP LinkedIn Group. You are able to stay in touch by subscribing to both sites and automatically receiving updates daily or weekly.

  

Advertise in PRIA's Newsletters for one bundled rate

Advertising space is available for the two PRIA publications, In Touch and PREP's "Working Together" Newsletter. In Touch is produced and distributed 12 times each year, while PREPs "Working Together" is distributed 24 times a year.  It's a lot of exposure with a wide audience, up to 12,000 readers, for just a few dollars.

To claim your space click here.
 
CONTENT DISCLAIMER
  
The views and opinions expressed in the media, articles, comments, or links in this publication are those of the speakers or authors and do not necessarily reflect or represent the views and opinions held by the Property Records Industry Association (PRIA) or its members.  PRIA does not warrant the accuracy, timeliness or completeness of the information contained in this publication. If you have a complaint about something you have found in this publication, please contact PRIA by email at info@pria.us.
FAIR USE NOTICE
 
This publication may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. PRIA believes this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material in this publication is distributed without profit, to those who have expressed a prior interest in such information, for comment and nonprofit educational purposes.
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In This Issue
Invest in the Property Records Industry
News from PREP Chapters - Metro Minnesota
Security and Technology Video Companion White Paper
Indecomm Global Services eRecording
Thomson Reuters and NACo's Webcast
PRIA 2014 Winter Symposium Slated for February
ALTA News
Links to National News
PREP Blog and PREP LinkedIn
Advertise in PRIA's Newsletters
Examples of PRIA's Products 
  
  
 
  
                    
PREP Chapter Meetings
         
   Fall 2013 
  

      Metro Minnesota

      SE Minnesota

      California  

      Central Florida

      Pennsylvania

      Central Texas

      North Central Texas

      Washington State

         


Contact Information

Do you have questions or suggestions for this newsletter or any updated information on co-chairs, emails, phone numbers, etc. please contact us:
Carolyn Ableman
PREP Coordinator

Mark Monacelli
PREP Committee Government Co-Chair, Recorder
St Louis County, Minnesota

Madeleine Nagy

PREP Committee Business

Co-Chair, ALTA

State Government Affairs

 

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