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The Best Practices were drafted in 2013, as a response to increased regulatory oversight of lenders, who were required to ensure that their third-party providers, including title and settlement agents, were properly vetted. ALTA conceived of the best practice ‘pillars’ so that lenders have a set of benchmarks, or ‘pillars,’ with which they can assess whether their settlement agents have policies and procedures in place that enable them to act in accordance with state and federal requirements. ALTA’s new revisions focus on three pillars: Pillar 2 (Escrow Accounting), Pillar 3 (Privacy and Information Security to Protect Non-Public, Personal Information) and Pillar 4 (Settlement). Join us in May for a presentation of the new revisions, a panel discussion of how to practically implement these new requirements in your business, and a live Q&A session.

Each one-hour webinar is eligible for one CLE credit in the following states: AL, CT, GA, FL, ME, NH, RI, TN, and VT.

Click here to view the full agenda.

H.227: Uniform Power of Attorney Bill

Effective July 1, 2023, Vermont will presumably have a new Uniform Power of Attorney Act. The Senate Judiciary Committee voted the Uniform POA Bill H.227 out of committee and it will very likely be passed by the Senate and the House. Standing in the shoes of our Agents, CATIC provided extensive comments and revisions to H.227, all of which were included. Hearing your concerns, Vermont will continue to have the so-called real estate carve out POA form for limited use in real estate transactions and in an easy to execute and record form. We will present on the Uniform POA Act at our June 7^th, 2023, CLE and have the POA forms available for your use. For general powers of attorney and estate planning, the Act is voluminous and will require detailed review for its use. CATIC is dedicated to the success of your real estate practices, and we appreciate your dedication to your business relationship with us. Thank you!

2023 Form 1099-S Filing Service

CATIC is pleased to announce that our 2023 Form 1099-S Filing Service is now open for enrollment. We have enhanced the service to increase efficiency which will save your office time and money, while allowing secure e-filing of the Form 1099-S forms with the IRS.

Click here to learn more about how our service can help your practice or visit our website. You may also email our 1099-S Team at [email protected].

Materials to Share with Clients, Realtors®, etc.

Now that the volume of real estate transactions seems to be manageable you may be thinking of different tools to provide to clients and Realtors®. Here are a few tools we thought we would share:

• Convenient and Open Multi-Factor Authentication (MFA) Methods
• Pamphlet: Types of Insurance Policies
• Pamphlet: Title Insurance Policies
• Pamphlet: Retaining an Attorney
• Pamphlet: Owner Title Insurance Policies

Lau's Corner & Title Tips

CATIC's 2023 Agent Forum: Thriving, Not Surviving

Join us June 13th at the Connecticut Convention Center in Hartford, Connecticut. This event will be a day full of informative speakers, CLE opportunities, and networking among industry professionals. Click here to view the agenda. Interested in registering? Please click here. For more information, please email [email protected].

Underwriting Question? 

Please email all questions to [email protected]. Thank you!

Career Network

We often hear of firms who are hiring. While we welcome phone calls or emails, we have added a career network post under News and Announcements (bottom right-hand corner) on the VATC website.

Upcoming Summer Events

We know everyone's schedules fill up quickly during the summer. We have the following fun events scheduled for this summer and would love for you to join us!

Both events include a BBQ. All CATIC Agents, staff and families are welcome! Please save the dates and watch for invites sometime in June or July.