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March 2017
Title Notes E-News

Stay connected with us:  

Please click HERE to review Virginia Title Center's updated
settlement fee schedule effective March 1, 2017.

Thank you for your continued support. 
What Great Leaders Say to Highly Engaged Teams


Here are additional articles related to Leadership & Professional Development you may enjoy: 
6 Biggest Themes Affecting Bank Compliance in 2017
by Keith Monson

Here are the six most significant themes that will occupy banks' compliance staff this year:
  1. First 100 Days of New Presidency
  2. HMDA Final Rule Effective Date
  3. FinCEN Enhanced CDD Rule: Is Your Bank Ready?
  4. Navigating TRID's Expansion into Construction Loans

  5. Risky Business in Vendor Management

  6. Winning the Cybersecurity War

Click HERE to learn more.
MBA Forecast for Economy:
Lookin' Good!
by Phil Hall

The  Mortgage Bankers Association (MBA) has looked into the future, and they are not complaining.
"We're expecting steady, modest growth in the U.S. economy," said MBA Vice President of Research & Economics Lynn Fisher yesterday at the MBA National Mortgage Servicing Conference & Expo. "We're seeing real economic growth in a number of indicators." Click HERE to read on.


Here are additional articles related to the  Mortgage Industry and CFPB you may enjoy: 
Big Smiles and Friendly Hellos Are Killing Your Community Bank
The big smile isn't cutting it anymore
by Nolan Knight, SCMG

...Don't get us wrong, most community bankers are very friendly with lots of smiles when visiting a branch. Many are even pretty nice on the phone. Here's part of the problem... employees in the big banks are nice and friendly too. For a community bank to rise to the top of their market they can no longer rely on that smile alone. There must be more, and guess what? We just so happen to have a two ideas for you: (1) The Reason to Call Program (AKA... Outbound Call Program; and (2) The Incoming Call Program. Click HERE to learn the details.


Here are additional articles related to the Community Banks and the Client Experience you may enjoy: 
Taking Care of Businesses: Why you must get in your business clients' corner
by Murthy Veeraghanta

Thousands of small businesses emerge nationwide every day. In fact, the  Kauffman Foundation, a national entrepreneurship nonprofit, recently revealed that there are now 310 entrepreneurs for every 100,000 adults in the U.S.-which translates into 530,000 new business owners every month. Despite this sharp rise, the  Small Business Administration reports that approximately half of businesses fail within the first year and the U.S. Bureau of Labor reports that only one-third survives ten years.

Financial institutions simply cannot ignore these staggering statistics. They must "enter the ring" with their business clients, offering them a solid business strategy to support their needs and help them succeed. Click HERE to read on.


**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?

Virginia Title Center 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 topics would you like addressed in future E-blasts?  Send Patti your thoughts.
Past issues of the Virginia Title Center E-News are archived on our website HERE
Patti L. Dickerson                                      

Give us a call and let us know how we can better serve you and your team!

Director of Operations & Marketing
Virginia Title Center, LLC
Integrity. Security. Excellence.


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