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Title Notes E-News
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Circuit Courts and Bankers Title
will be closed on Monday, February 17th
in observance of President's Day
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Refinancing Boom Fuels Mortgages to Postcrisis Record
by Orla McCaffrey
The mortgage market in 2019 had its best year since the height of the precrisis boom, the latest sign that housing is firming up after showing signs of weakness early last year.
Lenders extended $2.4 trillion in home loans last year, the most since 2006. That was also a 46% increase from 2018.
Robust mortgage lending is generally a good sign for housing, which has seen a rebound in price growth and home sales after a period of declining gains. A refinancing frenzy, induced by last year's trio of interest-rate cuts, fueled the mortgage making and helped steady the industry. The refinancing boom also bodes well for the broader economy, since homeowners saving on their monthly mortgage payments are likely to spend more on goods and services.
Click
HERE
to read on.
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Mortgage Industry you may enjoy:
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CONGRATULATIONS to Our Very Own Carol Butler
Carol was recently recognized by the Hampton Roads Chamber of Commerce as the 2019 Ambassador of the Year. Congratulations on your achievement and your continued commitment to the Hampton Roads business community.
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7 Leadership Lessons From an Unexpected CEO
by Chris Wacker | Laserfiche
Chris Wacker found himself in the corner office of Laserfiche when his wife, the previous CEO, passed away. "Suddenly, I was the CEO. I began thinking about the ways Nien-Ling led the company and tried to emulate them. Now, five years later, I continue to think of her and her leadership style every day." Click
HERE
to learn about the invaluable lessons Chris learned that can help any leader.
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Here are additional articles related to
Leadership you may enjoy:
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What You Need To Know About Bankers Title, LLC
- Established in 1994
- Managed by the Virginia Bankers Association
- Exclusively underwritten through 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!
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2020's Top Cyber Threats in Banking
via bank innovation
According to a recent survey by CSI, bankers seem ready for cyber threats, rating themselves 3.7/5 in cybersecurity readiness.
While it's encouraging that institutions feel so confident about their cybersecurity readiness, at the same time, it's concerning. Experts warn that, as fast as institutions get a grip on the latest hacking techniques and install preventative measures, cyber criminals adjust and adapt.
Click
HERE
to learn more about this survey, threats, precautions and access to the executive report.
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Here are additional articles related to
Banking you may enjoy:
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Financial Institutions vs. Fintechs: The Fight for Business Banking
by Eric Fulwiler, via The Financial Brand
Fintech inroads now threaten the core business banking market as well as retail, but business marketing often lags flashier consumer banking campaigns. Financial marketers can use five broad principles to rewrite their B2B playbooks and blunt the threat from nonbank digital competitors. Click HERE to gain greater insights into these five principles.
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How Will Commercial's Capital Markets Fare in 2020?
by Melissa Dittmann Tracey
A strong economy has translated into a booming past year for commercial real estate. Employ-ment is high, commercial real estate loan delinquencies are down, and about $4.36 trillion of investments-the highest since the Great Recession-came in from commercial real estate lending entities, including REITs, pension funds, government-sponsored enterprises, and construction lending banks.
But how will 2020 compare? The CCIM Institute released a report in conjunction with the University of Alabama's Center for Real Estate, "
Vector Calibration: 2020 Capital Markets," to examine the trends, drivers, and impact of capital sources flowing in and out of commercial real estate in the U.S.
Click
HERE
to learn details outlined in this report.
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NOTE: Recent changes in the details section of the recording cost format
on the Virginia Deed Calculations website. Click
HERE to access.
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For your convenience, please click
HERE to utilize our online rate calculator to get a quote.
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"Hope is brightest when id dawns from fears.
"
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**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.** |
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Click HERE to follow us on Facebook and keep up with hot topics, fun facts, team member updates ... and of course a few team shenanigans!
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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.
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Past issues of the Bankers Title E-news are archived on our website
HERE
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Hello, just a reminder that you're receiving this email because you have done business with or expressed an interest in Bankers Title, LLC. Don't forget to add rparker@bankerstitle.com to your address book so we'll be sure to land in your inbox!
Office Location:
9011 Arboretum Parkway, Suite 110, Richmond, VA 23236
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