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January 2017
Title Notes E-News

Stay connected with us:  

Please click HERE to review Bankers Title's updated fee schedule effective January 1, 2017. 

For your convenience, please click HERE to utilize 
our online rate calculator to get a quote.
  
Thank you for your continued support.
We Asked A Bunch of Top Bankers What to Expect for Wall Street in 2017
by Portia Crowe for Business Insider

Business Insider spoke with a number of dealmakers, including both equity capital markets and mergers and acquisitions bankers, about the biggest trends to expect in 2017.

Much of their responses centered around the incoming Trump administration and what his presidency will mean for the markets.  They all said next year is sure to be more active than 2016 has been ...  Click HERE to read  what some of Wall Street's top dealmakers had to say.

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Here are additional articles related to Banking you may enjoy: 
How to Turn Employees Into Leaders
by John Pettit
 
- Help them grow through experience
- Make them solve their own problems
- Teach the importance of networking
- Show Trust

Click HERE to learn more about how you can help your team grow and develop.
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Here are additional articles related to Professional Development you may enjoy: 
Please Don't Forget the Following
January Holidays


Virginia Courthouses will be closed on the following days:
  • Lee-Jackson Day - Friday, January 13
  • Martin Luther King Jr. Day - Monday, January 16
Bankers Title will close at 1pm on Friday, January 13th, for an offsite employee meeting, and will be closed on Monday, January 16th.

Please allow additional time when placing orders and/or scheduling closings.
Survey Says! The Biggest Threats to Housing: Compliance Burdens, Access to Credit
3% down products a start, but industry still needs work
by Brena Swanson

The industry is making progress when it comes to access to credit and compliance, but the same headwinds that burdened the industry over the past year aren't easing anytime soon, at least that's what people inside the industry believe.

Taking advantage of all the people in attendance at the 2016 Mortgage Bankers Association Annual Convention and Expo in Boston during October, Genworth Mortgage Insurance, an operating segment of Genworth Financial, surveyed industry executives, gathering opinions from more than 200 mortgage professionals to see the state of the industry.

The results fall in line with  other sentiments at the convention that the mortgage industry has a better handle on regulation and is ready to start innovating. Click HERE to learn more about the results of the survey.
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Here are additional articles related to the  Mortgage Industry you may enjoy: 
The Strategic Risk Community Banks May Not Have Considered
by Nathaniel M. Cartmell, IV
 
Community banks that have not considered the potential for partnership with nonbank financial technology (fintech) companies, alone or in collaboration with other community banks, may not be accounting for the full range of strategic risks to their business.
 
Click HERE to read on about:
  • Strategic Risk Defined and Applied
  • Responsible Innovation Initiative
  • Collaboration Among Community Banks
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Here are additional articles related to Community Banks and Business Banking you may enjoy: 
Want Loyal Customers? Start Talking About Their Emotions!
by Bruce Temkin, CCXP
 
Did you know that customers who feel adoring after an experience are more than 11 times as likely to buy more from a company than customers who feel angry? And customers who feel appreciative are more than 5 times as likely to trust a company than those who feel agitated?
 
That's because how customers feel about an interaction has a significant impact on their loyalty to a company. So let's talk about emotions.
 
Despite the importance of customer emotions, they are all too often  neglected (or outright ignored) inside of companies. As a result of this negligence, consumers give their providers very low emotion scores in our  Temkin Experience Ratings.
 
It's time to  start talking about emotions. To help spur this dialogue, we introduced a new vocabulary that we call the  Five A's of an Emotional Response.
 
 
Every time a customer interacts with you, they feel one of these A's.
 
If you're still wondering why you might want to talk about the Five A's, click HERE for some data that will hopefully entice you to increase your emotion vocabulary.
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Here are  additional articles related to the Customer Experience you may enjoy: 

 

**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.**

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.
Robyn Parker
Vice President
Bankers Title, LLC
9011 Arboretum Parkway, Suite 110
Richmond, VA 23236
Phone  (800) 830-1414
Fax  (804)-560-7202
 

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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.