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August 2020
Title Notes E-News

Stay connected with us:  
We are Continuing Business As Usual - Accommodating and Adapting - Stay Safe


ATTENTION:  NEW VIRGINIA RECORDING FEES

Effective July 1, 2020, recording fees in Virginia will increase by $4.00
$2.00 increase from $1.50 to $3.50 for the Virginia State Library Fee
$2.00 increase from $1.00 to $3.00 for the Open Space Preservation Fee

7 Little Things That Will Impress Your Boss While Working Remotely
by Kaitlyn McInnis
 
The new world of working from home is so fresh for many employees across the country-and trying to navigate proper work from home etiquette can be challenging, even for the most overachieving employees.  When your office doubles as your bedroom or dining room, your boss isn't there to see if you're taking a two-hour Facebook break or if you're only getting to your computer at 11 a.m. That said, being accountable for your actions like you would in the office and developing healthy habits while working from home is only half the battle. How do you continue to show your boss your worth when they can't see you on a daily basis? Click HERE to learn.
Digital Heists Are Playing Off the Global Pandemic
by Zack Allen

Financial services is among the industries most targeted for digital attacks.  Public platforms like social media, websites and mobile apps are providing new vectors on which to host attacks. Attackers are preying on the panic surrounding the coronavirus using both new and time-honored techniques of fraud and impersonation.  Phishing has notably surged during the global pandemic. With unemployment and economic anxiety rising, criminals impersonating banks are offering false-hearted help with bills or credit card debt. By posing as an authorized institution, attackers trick victims into clicking on a malicious link or attachment, or willfully disclosing confidential information. Click HERE to learn more about protecting consumers and their financial information, which in turn protects your financial institution's revenue and reputation.
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Here are additional articles related to the Banking Industry that may be of interest: 
Please join us in recognizing Lacey Kelsey and Jaime Brown for their dedication to keeping the Bankers Title office running throughout this pandemic.

How to Create a Workplace that Actually Inspires Passion
by John Hagel III and John Seely Brown

Passion provides powerful motivation for learning, yet our 2017 survey of U.S. workers found just 13% of all employees exhibiting the type of passion in their work environments that helps them truly improve in their professions. There's an untapped opportunity to cultivate passion in the workforce. People with the passion of the explorer are motivated to learn faster and that can play a significant role in accelerating performance improvement. Taking specific steps to cultivate passion is rewarding for both employees and companies.  Click HERE to learn how to create passion in your workplace.
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Here are additional Leadership articles that may be of interest: 
How to Really Help Small Business Through
COVID-19
by Michael Brauneis

When the Paycheck Protection Program was conceived, the prevailing expectation was that the economy would be shut down for a few months at most. The PPP's mission was to avert layoffs by covering small businesses' payroll costs for that short time, and once the coronavirus was contained, the economy would reopen, employees would return to work and businesses would bounce back. 

Although well-intentioned and supported by tireless efforts on the part of bankers and the SBA, the PPP faced inherent limitations.  Creative ideas are now emerging for the next round of support for small businesses, but careful consideration of unintended consequences and strategic alternatives is needed to address the continuing crises our small businesses face. Click HERE to learn more.
Irrefutable Principles of High-Performance Mortgage and Real Estate Practices
by Todd Duncan

Note: This is part one of a multi-part series. Todd Duncan, sales entrepreneur and New York Times best-selling author, showcases five principles for mortgage and real estate professionals to embrace for success.

What if success, massive success, all came down to one simple concept? What if I told you there is only one word you need to understand, and apply, to have all the success you've ever dreamed of?  Would you want to know the word? Sure, you would. Who wouldn't?  Click HERE to read Duncan's first installment and learn about the one word that changed everything for him.
 
Bankers Title is Offering Drive-Through Closings for Added Safety
The Bankers Title Settlement Team is offering clients the convenience and safety of outdoor closings. We are happy to coordinate, just let your settlement processor know in advance.

Bankers Title is Currently Conducting Hybrid Closings
Many lenders are beginning to offer hybrid closings where non-notarized documents can be digitally signed in advance of or at the closing. We are able to accommodate client and lender needs.

Coming Soon: Bankers Title Will Have E-Notaries on Staff
This will enable us to complete full remote on-line notarization (RON) closings.  More to come!
 
Contact Robyn Parker to learn more. 
What You Need To Know About Bankers Title, LLC

  • Established in 1994
  • Managed by the Virginia Bankers Association
  • Exclusive underwriter for Investors Title
  • Committed to maintaining customer satisfaction by delivering quality title insurance products and closing services in an accurate and timely manner
Single source for all your title and settlement needs:
  • Licensed to underwrite title insurance in: Virginia, North Carolina, Maryland, and District of Columbia
  • Commercial Certified Underwriters on staff
  • Our settlement services can be customized to fit the needs of closing attorneys.
  • We can offer full services or simply HUD preparation and disbursement.
  • Our staff's vast experience enables us to respond quickly and effectively to detailed title questions, unusual search results, challenging escrow projects, and complex residential and commercial closings.
Did you know BT offers?
  • Closing services throughout the Commonwealth of Virginia using a network of professional closers with the convenience of closings at your bank, client's office, etc.
  • Specialized competitive pricing and an innovative product line
  • Negotiable commercial premiums and discounted premiums for Community Housing
  • Reissue rates good for 10 years on ANY company's prior policy
  • Facilitation of 1031 exchanges through Investors Title Exchange Corporation
  • Online quote calculator that provides title premiums, settlement fees and recording costs
  • Free Seminars and customized training for your team
Give us a call to discuss how our talented team can meet your needs!
We are essential and working safely to continue business as usual

NOTE: Recent changes in the details section of the recording cost format
on the Virginia Deed Calculations website. Click HERE to access. 

For your convenience, please click HERE to utilize our online rate calculator to get a quote.
 
** Remember to offer your borrowers Owner's Coverage on their most valuable investment. It's a one time premium with a lifetime of security.
In addition, they will receive a reduced premium rate when they obtain it simultaneously with your Lender's Coverage and a discount on Lenders Coverage every time they refinance within the next 10 years.**
WANTED: YOUR FEEDBACK
What Topics Are On Your Mind?

Bankers Title wants to provide you with pertinent information in future E-Blasts and Webinars. What questions are on your mind regarding the real estate and mortgage lending industry? What Hot Topics would you like to receive greater insights and clarity? Send Robyn your thoughts.
Past issues of the Bankers Title E-news are archived on our website HERE
Robyn Parker
Vice President
Bankers Title, LLC
9011 Arboretum Parkway, Suite 110
Richmond, VA 23236
Phone  (800) 830-1414
Fax  (804)-560-7202
 

Give us a call and let us

know how we can better
serve you and your team!

Integrity. Security. Excellence.   Since 1994, we have provided market-leading title insurance and settlement solutions with uncompromising commitment to integrity, financial stability, and excellence in all that we do.