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March 2025
Title Notes
E-News
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The Power of Teams: From Everest to the Pinnacle of Business Success
by Susan Ershler
Creating a successful business is like climbing one of the world’s highest peaks. One moment, the way ahead is clear and the summit seems tantalizingly within reach. Then, without warning, an icy storm descends, battering you with howling winds and near whiteout conditions. At times like these, climbers depend on the expertise and experience of their mountain guides and fellow climbers for their very survival. We don’t climb high mountains alone. The same is true in the business world, where global market forces and turbulent economic cycles pose ongoing threats to the viability of a fledgling business. Click HERE to read the article in its entirety for greater insights.
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Adapting to Uncertainty: How Community Banks Can Manage Costs, Competition and Compliance
by Cindy Snow
The latest Conference of State Bank Supervisors (CSBS) survey underscores the difficult road ahead for community banks, yet it also highlights areas where the right technology can drive meaningful improvements. By focusing on streamlined integration and modernization, these institutions can address operational challenges while continuing to deliver the personal service their communities value. By embracing smart integration solutions, community banks don’t have to sacrifice the personal service they’re known for. Instead, they can build on their strengths—offering high-tech solutions with a high-touch approach. In an environment where margins are tight and competition is fierce, this balance will be the key to positioning community banks for long-term success. Click HERE to learn more.
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How Banking Leaders Can Enhance Risk and Compliance With AI
by Dennis Irwin
A comprehensive analysis explores artificial intelligence's dual impact on banking risk and compliance. While AI offers enhanced fraud detection, real-time risk assessment, and improved cybersecurity measures, with 44% of financial institutions prioritizing these investments, it also introduces new challenges. The article highlights how compliance leaders must balance AI's benefits against concerns over algorithmic transparency, data privacy, and potential bias — particularly notable as less than half of consumers trust AI with their financial data. Click HERE to learn more.
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7 Tips for Dealing With Irate Customers
by Mark Goulston
One of the things that all irate customers have in common is that they have an attitude that says “I rate better service than this and now that I have you on the phone, you’re going to pay for it!” And one of the other things about them that gets to you is you feel unjustly accused of having done this to them and that can make it difficult to remain calm. That is why the first three tips are about ways to remain or regain your calm and the final four about what to do next. First - 3 Strikes and You’re Calm – 1. Think of the first thing you want to say or do in response to an irate customer (which is about defending or protecting yourself). Don’t do it, take a breath and exhale. 2. Then think of the second thing you want to say or do (which is about retaliating). Don’t do that, take a breath and exhale. 3. And finally think of the third thing you want to do (which is about finding a solution) and do that. Click HERE to learn about the remaining six tips.
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How To Reduce Email Overload
by Andrew Brodsky
Research shows that leaders’ overflowing inboxes doesn’t only impact their stress, but can undermine their ability to effectively lead others, as well. That’s why executive communication overload isn’t just bad for one-on-one interactions that go awry—it can create a cascade of organizational challenges that undermine productivity, team collaboration and overall workplace effectiveness. Cultivating a healthy communication culture for leaders requires intentionality and effort. By making implicit expectations and norms explicit, and fostering an environment where clarity is prioritized over speed, organizations can significantly improve trust, morale and productivity. When executives take the lead in establishing clear communication practices, it sets a powerful example for their teams. The result is an organizational culture where everyone feels more empowered to communicate effectively. Click HERE to read on.
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New Homes Are Getting Smaller. Are Buyers Looking for Less Square Footage?
by Eliana Block
Research shows that new homes are shrinking, and a recent study shows that matches consumer preferences. The trend of newly built homes in the U.S. shows the median size decreasing from 2,128 square feet in 2022 to 1,965 square feet in 2024. This shift is largely driven by affordability concerns, as higher mortgage rates and tighter budgets push buyers towards smaller, more financially manageable homes. Additionally, newly built homes often cost less than preexisting ones, offering significant savings. Builders are also providing financial incentives, such as lower interest rates and assistance with closing costs, to attract buyers. Modern features like energy-efficient appliances and open floor plans further enhance the appeal of these smaller, newly built homes. This trend reflects changing buyer preferences and builders' strategies to make homeownership more accessible. Click HERE to read on.
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CHECK OUT OUR NEW QUOTE CALCULATOR!
Works on laptop, tablet and phone
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Set up Your Account to Brand Your Title Quotes, Buyer Estimates, Seller Net Sheets and More! | |
Click HERE for more information on how we can assist you.
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ATTENTION LENDERS:
Important Information Regarding Receipt of Closing Packages
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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.
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Patti L. Dickerson
Director of Operations & Marketing
Virginia Title Center, LLC
1.800.468.5811 or 540.772.0585
pdickerson@virginiatitlecenter.com
www.virginiatitlecenter.com
Integrity. Security. Excellence.
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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
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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.
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