May 2024

Title Notes E-news

Dispelling 7 Myths About NAR's Proposed Settlement

from National Association of REALTORS®


You can help correct the record about the association’s proposed settlement to resolve nationwide claims brought by home sellers. National Association of REALTORS® leaders have been talking to reporters and members full-time over the past month to correct the record about the association’s decision to resolve nationwide claims brought by home sellers. You can help by challenging inaccurate information that you see appearing in social media posts, news articles or elsewhere. Click HERE learn more.

In Wake of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks
Tips for Talking With Buyers and Sellers - 8 Points from NAR Legal Affairs

Bankers Title May Work Anniversaries

Tanya Clark

Certified Commercial Title Underwriter

5 Years

Audra Kaprive

Title Underwriter/

Settlement Processor

2 Years


CFPB Weighs Title Insurance Changes

by Sarah Wolak

 

The Consumer Financial Protection Bureau is considering whether to prohibit banks from charging homeowners for title insurance. Charging home buyers for title insurance is a long-standing industry practice intended to protect lenders. The report states that the CFPB’s plan is still in its initial stages. The crackdown could include preventing lenders from charging borrowers for the cost of lender’s title insurance. The plan would only impact lenders’ insurance – buyers could still purchase optional title insurance to cover their equity. Click HERE to learn more.

5 Strategies for Improving Mental Health at Work

by Morra Aarons-Mele


Companies are investing in — and talking about — mental health more often these days. But employees aren’t reporting a corresponding rise in well-being. Why? The author, who wrote a book on mental health and work last year, explores several key ways organizations haven’t gone far enough in implementing a culture of well-being. She also makes five key suggestions on what they can do to improve the mental health of their employees. Click HERE for the five key strategies.

Attention Problem Finders: Stop Complaining -- Be Part of the Solution
Mastering Leadership: The Crucial Balance of IQ, EQ, and DQ

Leading the Future of Work: Jacob Morgan on Top Leadership Trends In 2024 for Banking Execs

by Justin Estes

 

From leading with vulnerability to embracing a transformation mindset, renowned leadership futurist and bestselling author Jacob Morgan shares practical advice for banking leaders looking to future-proof their organizations. He emphasizes the importance of continuous learning, leveraging generative AI and bridging the gap between competence and connection in leadership roles. As the banking industry grapples with the impact of hybrid work, the escalating demand for talent and the fear of AI, Morgan’s insights provide a roadmap for executives seeking to lead their organizations into the future. Click HERE to learn more.

How Three Community Bank CEOs Are Tackling Tech, Talent and Deposit Challenges

Cybercrime Losses Hit Record High in 2023

The FBI fielded 880,418 cybercrime complaints with combined potential loss of $12.8 billion last year

by Brooklee Han



“The cyber landscape is threatened by a multitude of malicious actors who have the tools to conduct large-scale fraud schemes, hold our money and data for ransom, and endanger our national security,” Timothy Langan, the executive assistant director for the FBI, said in a statement. “Profit-driven cybercriminals and nation-state adversaries alike have the capability to paralyze entire school systems, police departments, healthcare facilities, and individual private sector entities. The FBI continues to combat this evolving cyber threat. Our strategy focuses on building strong partnerships with the private sector, removing threats from U.S. networks, pulling back the cloak of anonymity many of these actors hide behind and hitting cybercriminals where it hurts: their wallets, including their virtual wallets.” Click HERE to learn more.

Every Dollar a Fraudster Makes, A Financial Firm Loses $4.41

ANNOUNCING NEW QUOTE CALCULATOR!

Works on laptop, tablet and phone

Set up Your Account to Brand Your Title Quotes, Buyer Estimates, Seller Net Sheets and More!

The 10 Simplest Ways to Turn Challenges Into Opportunities

from Leadership Freak


Even optimists know sunny skies grow dark quickly. Plans derail. Teams implode. Results disappoint. Talent moves on. Mistakes escalate. Crisis erupts. Skillful leaders turn challenges into opportunities. Click HERE to read on.

Have an Aliveness Mindset By Reframing Your Negative Thoughts
How To Rearrange Your Brain for Success

Unmasking Work Friction: Hidden Hurdles Cost Banks Millions

by Christophe Martel


Banks are always looking to attract and retain deposits regardless of market conditions. Assuring they can keep and grow a customer’s accounts, and at an attractive cost of doing business, depends on a productive workforce that’s set up for success. That extends from the tech available to the processes in place. But far too often, bank employees run into moments of “work friction,” or daily speed bumps. The time they waste as a result can cost banks as much as $78 million a year for every 10,000 employees, by some measures. The good news is there’s a proven way to tackle work friction. But first, it’s important to understand what work friction looks like at banks – and how the costs can quickly snowball. Click HERE to read on.

Young Women Are Getting Richer. Here's How How Banks Should Market to Them
How Should Regulations Evolve to Keep Up With the Banking Industry?

Focusing and Eliminating Distractions

from ThoughtLeaders


Learn how to identify distractions and focus your team on the most strategically important initiatives for your organization. In a fast paced world, there is no shortage of distractions. Side projects, interesting new ideas, and the crisis of the day can divert resources from key strategic initiatives. In isolation, pursuing these small ideas make sense, but when you put them in the broader context of your strategic initiatives, you get to see exactly how nonstrategic these distractions are. You have to remind people of their priorities. Eliminate these resource-draining distractions. Chasing these ideas prevents your strategy from being executed. Click HERE to read on.

Of Course You're Biased -- It's How Our Brains Work. Here's How to Keep in Check

From Daunting to Doable: How Bankers Can Master Relationship Building on LinkedIn

by Jack Hubbard, CEO of The Modern Banker


Yes, a deliberate and consistent LinkedIn strategy can help bankers build professional profile. But awareness and visibility are table stakes. Your LinkedIn presence should also foster the trust that prospects and new customers require. Click HERE to learn how.

The Key to Successful Commercial Banking Lies in Consumerization. Here's Why
Return-to-Office Delays Burden Regional Bank Real Estate Portfolios

For the Real Estate Practitioner

For The Real Estate Enthusiast

The Safety Series: 'Is This a Safe Neighborhood?' Don't Answer That
Inside the 'Ugliest House' in America's Transformation
Self-righteous Or Poorly Trained, Too Many Agents Spoil the Pot
55 Stunning Backyard Decor Ideas to Add Pizzazz to Your Space
Why Your Role as a Real Estate Expert Matters More than Ever
How to Make Your Lawn More Wildlife-Friendly and Sustainable
What Buyers, Sellers Want Most From Real Estate Agents
Ways to Boost Your Kitchen's Sustainability Score
Millennials Now Biggest Group of Homebuyers: Report –The Hill
Five Trends from the 2024 Milan Furniture Fair

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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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