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November 2022

Title Notes


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Newsletter Archives

Please Note the Following November Closures

November 8nd - Election Day

Virginia Courthouses

November 11th - Veteran's Day

Virginia Title Center and Virginia Courthouses

November 24th & 25th - Thanksgiving

Virginia Title Center and Virginia Courthouses

The One Quality of Character No One Talks About But Everyone Desperately Needs

by Brian Dodd

When you think of someone who has good character qualities, what comes to your mind? Most people would list the following: Trustworthiness; Truth-Telling; Loyal; Financially Responsible; Morally Without Fault; Always Has Your Back. But in Admiral James Stavridis’s book Sailing True North: Ten Admirals and the Voyage of Character he sheds light on one character quality most people (including me) would rarely, if ever, list: Organization. Click HERE to read on as to the reasons why being organized is a strong sign of someone with high-character.

How To Get Along With Difficult People
Establishing Your Ethical Code

7 Ways to Showcase Your Lending Strengths

by Stephanie Williams

Reports indicate that 86% of consumers are generally happy with their primary financial institution and get what they need from that relationship. Yet the report also identifies two critical products that consumers are open to getting from a different financial institution: loans and credit cards. When you factor in rising inflation, tight supply chains, and, it’s clear that competition for loans and credit will be fierce. For these reasons, it’s more important than ever for financial institutions to be ready with relevant, personalized credit offers at the time people need them most. Click HERE for some ways to prepare.

5 Must-Dos for Banks to Delight Customers
How Community Banks Can Use AI to Improve Sales and Marketing

Virginia Title Rates: Special Community Housing Rates Available

Did you know that Virginia Title Center offers a special Community Housing Rate?

This rate is available for policies issued to cover loans made to persons with income not to exceed the median income AND made in connection with Fannie Mae's or any lender's affordable housing programs, community development programs, low income housing or community enhancement programs. Owner's policies issued simultaneously with such loans shall also qualify. Additionally, owner's policies for persons qualifying for assistance under such programs as Habitat for Humanity or other community based nonprofit or philanthropic organizations, may be obtained at the same rate.

Community Housing Rate:

$1.50 per thousand of coverage; Minimum Premium: $100

Only standard ALTA Owner’s Policies and Mortgagee Policies are available under this rate method.

Contact Bobby Fothergill for more information. Click HERE to view the full Virginia Rate Brochure.

Discovering Your Personal Inspiration

by Mike Figliuolo

Understanding what inspires you to do your best work is one of the first steps in developing your leadership philosophy. As you begin articulating your leadership philosophy, the first place to start is leading yourself. You need to know why you’re excited to go to work every day. Why do you get out of bed every day? Because as leaders, we’re there to inspire and motivate the members of our team. For us to do so, we should probably be motivated first and foremost. 

Click HERE to learn about maxims and how they can help you develop your leadership philosophy.

The Power of Work Friends - The Harvard Business Review
Stop Emailing and Use the Damn Phone (Please)

How to Talk to Commercial Borrowers About the Future Path of Interest Rates

by Chris Nichols

The Federal Reserve Open Market Committee (FOMC) has raised short-term interest rates by 3.00% in the six months between March and September. The market is now forecasting an additional 1.25% in hikes by year’s end, with the next move coming on November 3rd. Many borrowers and market participants have been surprised by the speed of these increases. In this article, we would like to share best practices of how lenders advise borrowers on planning for the future path of interest rates and how borrowers should structure their balance sheets to better manage future cash flows. Click HERE to learn more.

Tips to Modernize Small Business Lending

by Gary Lewis

Community banks have been historically important for small business funding. If small business owners need funding, they are likely to find community banks that are more willing to help them out. According to the Independent Community Bankers of America (ICBA), community banks provide over 60% of small business loans in the United States.

However, the past couple of years have led to an abrupt increase in small business loan applications, and community banks are struggling to cope with the demand. As a result, community banks need to update their strategies to manage demand for small business loan applications. Click HERE for recommendations on what they should focus?

Reserve Your 

Virginia Title Center

2023 Weekly Planner

Limited Quantities Will Be Available

Click HERE to reserve yours today!

Gen Z's Changing Financial Profile: Key Facts for Banks' 2023 Planning

by Garret Reich

Gen Z is an intriguing generation from a financial behavior standpoint, raised on social media with an adulthood defined by Covid-19. Even just a year or two ago, Gen Zers were reported to be falling behind with even fundamental financial knowhow. No longer. Gen Z is now comfortable with daily, mundane financial responsibilities, according to new Bank of America research. Instead, what they want more of from their banking providers is assistance with big-picture finances: retirement, investing, building up emergency funds. BofA worked with Ipsos to poll 18 to 25 year old Bank of America consumers on a range of financial questions in late June-early July 2022. Click HERE to read about the top trends bankers must know about Gen Z when building out 2023 strategic planning goals.

Your Borrower has a Power of Attorney and wants to have their Agent sign for them at Closing, NOW WHAT?

by Tanya Clark, Bankers Title

It is common in our world for a borrower to want to close on their loan ASAP, and sometimes we find out they will be out of town and need to use an Attorney-in-Fact to sign for them. We may find this out weeks before closing or on the day of closing. In either of these scenarios the first thing you should do is to contact your Title Agent and inform them that a Power of Attorney will be used for this closing. Click HERE to read on.

10 Horrifying Home Design Trends: 2022 Edition
Let Lighting Set the Tone
7 Tips for Answering Real Estate Questions in Today's Market
Can You Talk to an Appraiser?
8 To-Dos for Real Estate Agents to Thrive in 2023
Find More Starter Homes for First-Time Buyers
Five Tips and Scripts for Your Agents
Kitchen Islands: The Life of the Party
3 Homebuyer Trends Real Estate Agents Need to Know
Virginia Title Center Offers Comprehensive Commercial Services
Click HERE for more information on how we can assist you.
Did you know that Virginia Title Center’s skilled and dedicated team of experienced professionals are focused on meeting the unique needs of each client?

Our knowledgeable team includes two Certified Commercial Underwriters with over 35 years of combined experience, along with thirteen seasoned Settlement Processors. We take pride in delivering exceptional service for any size, type and complexity of commercial transaction.

Our comprehensive commercial services include:
  • Coordination of Title Searches
  • Commercial Title Insurance and Endorsements
  • Escrow Services
  • Closing and Disbursement Services
  • 1031 Exchange Services facilitated through Investors Title Exchange Corporation

Virginia Title Center offers cost effective title and settlement services with competitive rates to help reduce closing costs.
Did You Know That Virginia Title Center Offers Free Settlement Quotes 24/7 Through Our On-line Quote Calculator?
Visit our website and give it a try today!
Click HERE for a sample
Important Information Regarding Receipt of Closing Packages
Virginia Title Center appreciates your support and cooperation in submitting your closing packages with clear to close no less than 24 hours before the scheduled date and time of closing.

It is the practice of our settlement processing team to review the documents submitted for accuracy prior to providing them to our closers. Often, our mobile closers need to travel up to an hour to the closing destination and also choose to review documents for questions prior to closing.

This 24 hour standard allows us to keep the client the top priority, and assure a smooth closing. A positive experience reflects favorably on you, your company, and Virginia Title Center. If your closing department is unable to meet this 24 hour prior to closing target, we will request that the closing be rescheduled.

Please share this with your team members as appropriate. Thank you for your understanding.
Why Every Buyer Needs an Owner's Policy
Owner's Policy Comparison Chart
Protect Your Clients From Wire Fraud
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Patti L. Dickerson
Director of Operations & Marketing
Virginia Title Center, LLC
1.800.468.5811 or 540.772.0585
Integrity. Security. Excellence. 

Main Office:
3565 Electric Road, SW, Suite J
Roanoke, VA 24018

Rocky Mount Office:
270 South Main Street, Suite 201
Rocky Mount, VA 24151

Blacksburg Office:
1997 South Main Street, Suite 604
Blacksburg, VA 24060
Virginia Title Center is committed to serve you with unmatched expertise, exceptional customer service and a comprehensive selection of title and settlement solutions to help you grow and succeed. 
Our professionalism, technical knowledge and experience provide security as we insure protection for your most valued investment.