Lau's Corner & Title Tips
Electronic Remittance and Electronic Submission - Exciting News!
CATIC agents are now able to electronically submit PrepExpress policies, and remit payment, to CATIC. Faster, better, stronger!
In the face of ever-increasing fraud schemes, these options allow you to operate in a more secure environment. To issue a policy, simply click the Submit button in PrepExpress. To remit payment, simply use an ACH push. No more mail. No more postage costs. No more checks. No more hassle!
Find more information here, along with tutorial videos breaking down the process or, to learn more about this exciting option, contact Katie Caron via email or in the VATC Office, 800.649.3366 or 802.876.6800.
Note: CATIC has received multiple compliance attorney opinion letters stating that these features are fully compliant with the Rules of Professional Conduct.
CATIC's 1099-S Reporting Service
With 2022 approaching why not alleviate time and stress by having CATIC prepare and e-file your 1099-S forms with the IRS.
All you have to do is:
- Prepare the Substitute Form 1099-S and give it to the seller(s) at the closing table;
- Submit the signed Solicitation/Substitute 1099-S forms to CATIC on a quarterly basis.
Upon receipt of the above, CATIC will e-file the 1099-S forms for a minimal fee of $350.00.