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November 2017
Title Notes E-News

Stay connected with us:  
Holiday Schedules, Office and Courthouse Closures
  • Professional Development: Bankers Title will close at Noon on Thursday, November 9, and will be closed all day on November 10 for our team to participate in a professional development event
  • Veteran's Day: Friday, November 10 - Courthouses Closed
  • Thanksgiving: Thursday, November 23 and Friday November 24 Bankers Title and Courthouses Closed. Courthouses will also close at Noon on Wednesday, November 22 with recording hours restricted to 8 a.m. to 11 a.m.
MBA Economists: Here's What Mortgage Rates Are Going To Do in 2018 and Beyond
What to expect in mortgage lending in the next few years
by Sarah Wheeler
On a whole, mortgage interest rates  moved lower throughout 2017 after rising above 4% in January.

But what's going to happen in the next few years?  According to the top economists at the Mortgage Bankers Association , mortgage rates will rise in the next few years, past 4% and even past 5%.  Click HERE to learn more.

Here are additional articles related to Mortgage Lending you may enjoy: 
Fighting Insecurity Over Cybersecurity
by Howard Altman
Community Banks know the growing peril of cybercrime. But they can fight it effectively -- even if they lack (or think they lack) the right resources  Click HERE to read on.
5 Ways to Improve Your Professional Reputation
by Gina Belli

Cultivating a positive professional reputation is about more than just tidying up your online image. Here are a few tips for building and maintaining a solid reputation, online and in real life. 
    1. Trust yourself
    2. Demonstrate uncompromising integrity
    3. Keep learning
    4. Continue to network
    5. Manage your online presence

Click HERE to learn more.


The Role of SMB Lending At Community Banks is Changing
Small business (SMB) lending is big business for community banks, which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. But new analysis from the Federal Reserve has identified a reversal in community banks' position in the small business lending market.
According to the report, small business lending at community banks dropped by 2.2 percent in 2016 down to $269 billion. That decline is contrasted by the 5.1 percent increase in SMB lending among large banks. Click HERE to learn more about this report.
How to Create a GREAT Business Development Plan
by Joe Micallef
About this time each year front line banking staff who are responsible for developing new business for the bank are generally required to compile an annual budget/target for what they expect to achieve next year.

Most generally budget for a moderate percentage increase that could be reasonably achieved based on the current level of activity they undertook this year.

Alternatively, the community bank leaders may simply decree that the bank has a specific target for next year and expects the business development team to rally behind it with no specific activity plan.

But is that what the banker - or the bank - really wants?   Click HERE to read on.
Nuts and Bolts of a Like-Kind Exchange
Presented by 
Carol Hayden, Esq.
Vice President / Senior Claims Counsel
Investors Title Insurance Company

Friday November 17th, 2017  |   8:30am - 12:00
Location:  VHDA  | 4224 Cox Road  |  Second Floor  |  Glen Allen, VA 23060

Bankers Title Salutes Our Veterans

Vicky Carter, Settlement Processor for Bankers Title, and her family, were recently interviewed about Fisher House -- a network of comfort homes where military and veterans' families can stay at no cost while a loved one is receiving treatment. They shared how thankful they were for the support they received as a lifesaving resource to support their journey after their daughter Heather Carter, retired Air Force, Senior Airman and Signals Intelligence Analyst was injured while on duty.   
Click to view the YouTube video interview.
Vicky shared her sentiments about the experience: Life's altering moments occur at unexpected times and when things seem to always be at their busiest moments. Our daughter, Heather, shattering her leg was no different - the strength it takes to handle, cope, conquer is not easily put into words. There are the normal obstacles to overcome after amputation and many daily appointments. I had a saying that I stated to her daily - Heather you will adapt, overcome and achieve new dreams, giving up is not an option. I believe in always having a goal, and finding new goals as needed to make life as beautiful as possible.  As a mother, your heart is broken yet you cannot show that the loss of her leg makes her less of a person. You have to remain strong, give her all your strength and emotional support and make her believe that she can do anything she chooses despite the adversity. You break down in the silence where no one can see. The amputation saved my daughter, had she not had that, she would have committed suicide, as she could no longer handle the pain every single day. I have learned to take life a day at a time and try to find the beauty despite adversities.
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.**

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

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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.