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November 2018
Title Notes E-News

November and December Holiday Schedules

Virginia Title Center will be closed on:
  • Thursday, November 22nd and Friday, November 23rd
  • Monday, December 24th and Tuesday, December 25th
Circuit Courts will be closed on:
  • Monday, November 12th for Veteran's Day
  • Wednesday, November 21st at Noon with recording hours restricted to 8 a.m. to 11 a.m.
  • Thursday, November 22nd and Friday, November 23rd
  • Monday, December 24th and Tuesday, December 25th
It's Not Fear That Gets In The Way of Daring Leadership. It's Our Armor.
by Brene Brown

What, if anything, about the way people are leading today needs to change in order for leaders to be successful in a complex, rapidly changing environment where we're faced with seemingly intractable challenges and an insatiable demand for innovation?  We need braver leaders and more courageous cultures.  Click HERE to learn more.

Here are additional articles related to Professional Development &  Leadership you may enjoy: 
Rolling With the Dodd-Frank Rollback
by Patrick Sanders

With the Dodd-Frank load lightened, expect small and regional banks to provide more loans in their communities-helping not only the banks' bottom lines but also the communities that they serve.

"I expect the banks in existence today will continue to grow in asset size," says David Christiansen, EVP and CCO at Patriot Bank. "They should strengthen in terms of safety and soundness. I don't anticipate that just because Dodd-Frank is rolled back that regulators will dramatically change their safety and soundness standards. So I think the overall industry is poised to strengthen."   Click HERE to learn more.

click photo to read more
7 Coffee Facts You Need To Know Now
  1. It can make everyone you work with so much more appealing
  2. The ideal time to drink coffee is actually four hours after you wake up
  3. It will extend your lifespan
  4. It won't dehydrate you
  5. It can help you lose weight
  6. It helps with memory
  7. It can fend off diseases

Here are additional interesting articles you may enjoy:

     VTC 2019 Weekly Planners Have Arrived!


Limited Supply Available. 


Click HERE to Reserve Your Copy Now!

Hundreds of Mortgage Execs Ask CFPB to Change LO Pay Rules
by Ben Lane

To address the issues with the LO Comp rule, the execs lay out three changes to the rule they'd like to see enacted.
  • First, the execs suggest that loan officers should be allowed to voluntarily reduce their compensation to allow them to compete more fairly in the market.
  • Second, the group want to be able to reduce loan originator compensation when the LO makes an error in the loan process.
  • Lastly, the group wants to be able to pay varying compensation on loans made under Housing Finance Agency programs. Click HERE to learn more.

Rethinking Compensation Incentives Crucial For The Banking Industry
from Banking Exchange

Researchers have challenged conventional wisdom on how to motivate workers and seem to have proven that increased compensation opportunities based on traditional incentive programs can not only be ineffective but can actually be detrimental to worker performance.

In motivating different people at your bank, think through the bank's objectives and match the compensation system. Identify what motivates certain individuals, and design jobs and compensation programs to bring out not only good production, but also good behavior. Click HERE to learn more.

Here are additional articles related to Banking Leadership you may enjoy: 
Title Search vs. Title Policy ... 
Do you know the differences?

Relationship: Both of these products are the result of a search or examination of the "title" to the property evidenced by the public records and/or a survey and inspection of the property.

A title search is a process that a title company goes through to see if there are any encumbrances on the property. Once the title company goes through the search, it can then offer an insurance policy to the buyer of the property. This policy helps insure their rights to the property. Click HERE to get all the details.


**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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