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October 2020
Title Notes E-News

Stay connected with us:  
We are Continuing Business As Usual - Accommodating and Adapting - Stay Safe

Courthouses and Bankers Title
will be closed on Monday, October 12th
in observance of Columbus Day
The 18 Most Powerful Habits That Can Make You Super Smart
by Thomas Oppong

If you're not becoming a better version of yourself, you're not growing. If you're not growing, you're not becoming smarter, or a better human. Winston Churchill once said, "To improve is to change; to be perfect is to change often." No matter how much you develop the necessary skills to improve any given aspect of your life, you can always improve and get better. Getting better and improving yourself is a life-long process. Click HERE to discover ideas that can have a significant impact on your life and career now and in the future.
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Here are additional articles related to Personal Development that may be of interest: 
Please join us in Congratulating the following teammates for the
years of service and dedication to Bankers Title and our clients.  
Our success would not be possible without our incredible team!
 
5 Reasons Mortgage Rates Will Rise in 2021
David Stevens looks into his mortgage crystal ball
by David Stevens

Let me be a contrarian: Get ready, because mortgage rates are going to rise in 2021. Now before you respond, just read the rest as to why. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. Topping $3 trillion will put it only behind 2003 in single family mortgage production history. Second, the MBA joined the GSEs and other economists who forecast a significant drop in mortgage production in 2021, with most estimating declines in the range of $700 - $800 billion year over year. Click HERE to read the reasons David gives as to why upward pressure on mortgage rates could stall the refinance wave and cut overall national originations volume in 2021.
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Here are additional articles related to the Mortgage Industry that may be of interest to you.
Are The Next Great Leaders Hiding in Plain Sight?
by Joel Garfinkle

There are plenty of statistics that clearly show most organizations have great talent in their midst, going largely underutilized and chronically overlooked. Chances are good yours is one of them - so where to begin? In my leadership training "Release the Untapped Potential of Your Underutilized Leaders," I discuss how to identify the undiscovered and bring out the hidden leadership talent so they can really shine. Click HERE to gain insights into the seven places your organization must look to find the next great leaders who are hiding in plain sight.
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Here are additional articles on Leadership that may be of interest: 
Did you Know That Bankers Title Offers On-Line Quote Calculator? It's Available 24/7

Working long hours to process your client's loan applications? Our online quick quote rate calculator is available 24/7/365. You can easily access it from the home page of our website. Check it out HERE. Get your title premiums, settlement fee, and recording fees with three clicks. The quote can be saved as a PDF document and email to your client. Fast, simple, easy, anytime! 
4 Charts That Show How Different the Banking Industry is Today From the Great Recession
by Bram Berkowitz

The FDIC recently posted its second-quarter banking profile, a snapshot of earnings results for all banks insured by the FDIC that provides an overview of how the industry is performing as a whole. Given how much stress the coronavirus pandemic has put on the economy, and the recession the country finds itself in, the FDIC's quarterly profile is a good way to compare the industry now to what it was like during the Great Recession. Click HERE to view four charts that illustrate how much stronger the banking industry is now compared to 2008 and 2009 during the height of the Great Recession.
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Here are additional articles on Banking that may be of interest: 
Bankers Title is Offering Drive-Through Closings for Added Safety
The Bankers Title Settlement Team is offering clients the convenience and safety of outdoor closings. We are happy to coordinate, just let your settlement processor know in advance.

Bankers Title is Currently Conducting Hybrid Closings
Many lenders are beginning to offer hybrid closings where non-notarized documents can be digitally signed in advance of or at the closing. We are able to accommodate client and lender needs.

Coming Soon: Bankers Title Will Have E-Notaries on Staff
This will enable us to complete full remote on-line notarization (RON) closings.  More to come!
 
Contact Robyn Parker to learn more. 
What You Need To Know About Bankers Title, LLC

  • Established in 1994
  • Managed by the Virginia Bankers Association
  • Exclusive underwriter for 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!
We are essential and working safely to continue business as usual

NOTE: Recent changes in the details section of the recording cost format
on the Virginia Deed Calculations website. Click HERE to access. 

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 and a discount on Lenders Coverage every time they refinance within the next 10 years.**
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.
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
 

Give us a call and let us

know how we can better
serve you and your team!

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.