June 2023

Title Notes E-news

Bankers Title and the Courthouses will be closed on Monday, June 19th in observance of Juneteenth

June is National Homeownership Month

from National Association of REATLORS®


June is National Homeownership Month, when we promote the benefits of homeownership and recommit to creating opportunities for future homeowners. REALTORS® strive to ensure all Americans have the opportunity to achieve homeownership, the centerpiece of the American Dream and the pathway to economic well-being and intergenerational wealth-building. Click HERE to learn more.

ALERT!!! Seller Real Estate Fraud is On the Rise

Don't Get Caught in the Scam!

by Paul E. Denbaum, Underwriting & Escrow Counsel,

Investors Title Insurance Company

 

As professionals in the real estate and title insurance industries work to identify and combat various forms of fraud, fraudsters are constantly changing their approach and coming up with new ways to defraud our customers. One fraudulent scheme that is gaining popularity is “Seller Fraud” or “Seller Deed Fraud”.


The perpetrators of this type of fraud impersonate an owner of real property and then convince a real estate brokerage to list the property for sale. Once the fraudulent seller has an offer, a contract is executed, and the perpetrator is on their way. A deed is given by the “seller” at closing as well as wire instructions to receive the proceeds of the sale. If nobody picks up on the fact that the “seller” isn’t who they say they are, the fraud could go unnoticed until well after the closing. The result is that the buyer never actually takes title to the property, the lender doesn’t have a mortgage or valid deed of trust and the title insurance company is staring down a claim. Click HERE to read on.


Know the red flags, take precautions, ask questions to avoid falling victim to this scheme!

Click HERE for a detailed brochure outlining red flags at every step in the process.


Check out this Seller Impersonation Fraud Flyer from the American Land Title Association

Julie Krupnick Volunteers at American Diabetes Association's Mid-Atlantic Tour de Cure


Bankers Title's very own Julie Krupnick has once again supported the American Diabetes Association - an organization that is dear to her. Julie raised $1,620 and served as a Tour de Cure volunteer during the event that kicked off in Smithfield, Virginia on April 29th.


Thank you Julie for your passion to help find a cure, and your continued volunteer efforts to support such an important cause.


We are proud of you!

The Power of Small Rituals

from the Eblin Group



At what point in your day or your week do you fully unplug? It’s an interesting and perhaps a challenging question since, for most of us, our phones and all the data streams they provide are almost always in reach. Without some sort of intentional interrupt scheduled into your day, it’s easy to stay plugged in from the time you wake up in the morning until the time you fall asleep at night. With that sort of rhythm, your thoughts are never truly your own. Click HERE to learn the power of adopting a small ritual to positively impact your physical, mental, relational, and spiritual self to live and lead at your best.

Bankers Title Sponsors Putting Contest at Virginia Mortgage Bankers Associations 2023 Golf Tournament


Bankers Title was proud to serve as the Putting Contest sponsor again this year for the VMBA Golf Tournament that took place at Independence Golf Club on May 16th. We were excited to announce that Dave Albo, Partner at Williams Mullen was the winner of the contest. Dave is a great VMBA supporter has dedicated so much support to the mortgage industry over the years as a Virginia State Lobbyist. Congratulations Dave and thank you for all you do!

Bankers Title Sponsored the Putting Contest

Dave Albo Wins Bankers Title Putting Contest

Breaking the Cycle of Self-Sabotage: How to Overcome the "Golden Larva Syndrome"

By Manfred F. R. Kets de Vries


Fear of failure, fear of success, imposter syndrome, perfectionism and behaving like Peter Pan can all contribute to the “golden larva syndrome". However, there are several steps you can take to combat this self-sabotaging behavior. Breaking the cycle of self-sabotage is a difficult yet achievable task. Focusing on something greater than you, whether volunteering for a worthy cause, getting involved in community affairs or simply assisting a friend in need, can help you find a sense of purpose and fulfillment that transcends personal achievement. Click HERE for a roadmap for identifying and overcoming the self-defeating habits that hold you back.

Working Parents, It's time to Let Go of These Pandemic-Era Habits

Beyond TRID: Safeguarding Compliance on Every Loan

from Housingwire


With lenders competing for every purchase transaction, some may be dusting off products they haven’t used in years or expanding their credit box to accommodate more borrowers and increase access to homeownership. Ensuring that creativity doesn't compromise compliance takes serious research and constant QC system updating. We’ve asked Phillip McCall, president and chief operating officer at ACES Quality Management, how lenders can keep up with new and upcoming regulations to maintain loan quality in this very competitive environment. Click HERE to gain insights from the interview.

Bankers Title Sponsors Sponsors Cumberland High School FFA Club


Bankers Title was honored to sponsor the Cumberland High School FFA Club and Miss Kelsey in her first livestock show. FFA is the premier youth organization preparing members for leadership and careers in science, business and technology of agriculture. Miss Kelsey serves as the Secretary of the Cumberland High School FFA for the 2022-2023 school year. We wish her continued success in her FFA endeavors. Supporting the communities we serve is a privilege.

How Early Life Lessons Shape Us

from Leadstar


Remember what it feels like to be down and support others when they experience low points. Remember what it feels like to be on the outside looking in. It’s not an experience you quickly forget, and you gain much perspective from it. We’ve all been down before. One of the best lessons from tough times is the value of doing your best to lift others. You’ll always win when you’re doing right by people. Click HERE to read more about how defining moments from your early years shaped the "you" you are today, and how have they shaped the way you lead.

Working Parents, It's time to Let Go of These Pandemic-Era Habits

How Banks Can Stay Ahead of the Fraudsters

by Dave Scola


With more Americans relying on payments that are getting ever closer to real time, banks should be looking at how they can enhance their fraud detection and prevention activities now more than ever. To achieve this, banking institutions need the technology and capacity to actually deal with real-time payments. The temptation might be to focus first on putting a system in place to handle real-time payments and then turn attention to fraud. But managing fraud risk shouldn’t be a secondary consideration when banks are looking to modernize their payment activity. Click HERE to read on.

Cyber Thieves Are Getting More Creative
Banks Tighten Credit Terms, See Loan Demand Drop, Fed Survey Shows

How to Apologize to a Customer When Something Goes Wrong

by Tim Riesterer


Businesses are bound to make mistakes and disappoint their customers. But how you build your apology message and your careful attention to executing it appropriately can make the difference between losing those customers or increasing their loyalty. When delivered well, your apology message can improve the customer relationship to the point where it is stronger than if the mistake had never happened — a phenomenon known as the service recovery paradox. Click HERE to read about the five steps for writing an effective apology message, and why it’s important to share the apology process internally and with external stakeholders.

20 Unexpected Firsts That Make Leaders Remarkable
Modeling the Right Behaviors For Your Team
5 Ways Real Estate Investors Can Manage Cash Flow
12 Steps to Turn Off the Stress in Real Estate
8 Invaluable Lead Generation Ideas for Agents and Brokers
Study: Homeowner Wealth is 40 Times Higher Than Renters
Boost the Value of Your Real Estate Brokerage
Scott Pelley to Realtors: Empathy Fuels Your Best Work
Robyn C. Parker
Vice President & Agency Manager
Bankers Title, LLC
9011 Arboretum Parkway
Richmond, VA 23236
Phone: 1.800.830.1414 | 804.560.7655
 
Integrity. Security. Excellence

Bankers Title is a full-service Title and Settlement Agency that is committed to integrity and transparency in each of our transactions. Our team is made up of the best in the business and we look forward to helping you make informed decisions about your home.

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