Industry & Technology news compliments of Marianne Mathieu
Title Insurance Industry & Technology News 08/22/18
Compliments of Marianne Mathieu
Industry Events
Look for NEW events posted since the last issue!
Industry News
ALTA wants your GTO stories
The Title Report - A University of Miami study on money laundering and real estate in the Miami market, published in December 2017, found that work by the title insurance industry was helping stem the tide of illegal money into the market without harming the broader real estate market.

Treasury Recommends Sweeping Industry Changes for Mortgage Lenders and Servicers
JD Supra - U.S. Department of the Treasury issued a report recommending sweeping regulatory changes for consumer financial services.

Real Estate Closing, Title Examination and Title Insurance Policy Procedures and Customs in the United States by Region
Reinhart Law - A loan must be closed in a location that is convenient for the borrower. Regional and national lenders do not have offices in every place where their borrowers are located.  

Practice tips for commercial real estate closings - A checklist of checklists
JD Supra - Often “more experienced” real estate attorneys are asked to share practice tips to ensure commercial real estate closings run smoothly for “less experienced” attorneys. This article is a summary of 35 years of lessons learned by the author.

California Commissioner OKs State’s First Insurtech Title Insurer
Insurance Journal - California Insurance Commissioner Dave Jones has approved a license for States Title, the first insurtech title insurer licensed and domiciled in California.

Notice and opportunities to comment
CFPB (Consumer Financial Protection Bureau) - Check here for notices and opportunities to comment posted by the Bureau of Consumer Financial Protection (BCFP). These requests can include: proposed rules, requests for information, and Paperwork Reduction Act notices that give the public an opportunity to comment on certain planned or existing reporting, record keeping, and disclosure requirements.

Legal News
Tennessee Real Estate Law and Practice Chambers USA Regional Real Estate Guide 2018 - Real Estate Construction - United States
Mondaq - Real estate requires not only an understanding of buying and selling real estate, closing processes, real estate title, leasing and financing, but also experience in a variety of other areas ...

What happens when you take a reverse mortgage, but your spouse does not?
Housing Wire - Non-borrowing spouses have some protections, but there are still risks

Is a Wetland Mitigation Project Permitted in an Area Zoned "Agricultural Residential"?: New Jersey Appellate Court Opinion
JD Supra - A New Jersey appellate court addressed in a July 31st opinion whether a wetlands mitigation project is permitted in an agricultural residential zone. 

Stewart Title Guaranty seeks reimbursement from United Title over alleged omissions on deed
West Virginia Record - A title insurance underwriter alleges it had to pay $85,000 to a mortgage company because of the negligence of an agent.

City of Fort Myers, families spar in court over downtown hotel site
News-Press - A Lee County circuit court judge is pushing the legal battle over the location of a hotel in downtown Fort Myers onto a fast track but one that is not quite as fast as the city wanted.

Judgment Against RE Agent Impacts Mortgage Firms
Mortgage Daily - A recent decision in a federal lawsuit has a real estate agent liable for negligently passing on fraudulent wiring instructions. The case has implications for mortgage lenders.

Tech / Social Media
The importance of SOC 2 Type II certifications in vendor sourcing
Mortgage Professional American Magazine - If you are serious about not becoming the next news headline about an information security breach, then start putting a premium on SOC 2 Type II certifications.  

Why Hasn’t the Industry Embraced Blockchain Technology? - Blockchain technology is changing the world, but some negative myths have stopped the real estate industry from embracing it.

Banks beware: Massive Phishing Attack in Progress
JD Supra - Tech security and research firm Cofense issued a report on August 15 warning of a change in Necurs botnet activity of which banks should be aware. 

Title Agency & People in the News
Inc. Magazine Names TitleSmart, Inc. One of America's Fastest Growing Companies for the Fifth Year in a Row
Markets Insider - TitleSmart, Inc., a leading Twin Cities title insurance company, has been named on its 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. 

Executive Conversation: Patrick Burns on reinventing the title company
Housing Wire - Spruce's proprietary software platform leverages intelligent automation

National Standard Abstract Title Insurance honors six for contributions to advancement of affordable housing
NYREJ - On July 19, National Standard Abstract title-insurance honored six individuals for their contributions to the advancement of affordable housing in the NYC area. 

Industry veteran launches marketing consulting firm
The Title Report - Renee (Becker) Bourbeau announces the launch of her new marketing consulting firm, Eiffel Marketing (Eiffel), which specializes in customer-centric marketing solutions to improve the overall CX (customer experience).

Title Agents Go Nationwide
For agents interested in growing their businesses by expanding into multiple states, we’re here to make the process simple and profitable. We offer you one point of contact to streamline your options and solutions.

In Other News
The Best Wooden Pencils, According to a School Teacher 
Offspring - When buying school supplies for your kid—perhaps during one of the tax-free weekends happening around the country—know that not all wooden pencils are created equal. 

The Crack Squad of Librarians Who Track Down Half-Forgotten Books
Atlas Obscura - Reuniting stumped readers with the books from the edges of their memories.

Marianne Mathieu, NTP
Vice President/National Agency Accounts
Fidelity National Title Group