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Title Notes E-News             West Virginia Bankers Title, LLC            Summer 2019

Real Estate Wire Fraud Is Real -- And It Almost Happened to Me
by Aly J. Yale, Contributor to Forbes

It all started with an email.  Just days before closing on a home, I got a message from my escrow officer-or at least someone pretending to be her. Our closing costs needed to be wired to the title company right away, she said, or our closing date would be pushed back.

Considering the six weeks I'd spent waiting to close on the property-not to mention the disdain I had for our current rental home-the message sent my heart racing.

The font was right. The signature was right. There was even a CC to my real estate agent. But something seemed off.

A closer look at the header revealed the problem. Each email address-one for my agent, one my mortgage broker and one for my escrow officer-was a single character off.

It was a fake.... and it happens all the time. Click HERE to read on.



Click HERE to learn more about Mortgage Closing Scams and How to Protect Your Clients

How Consumer Experience In Financial Services Will Lead The Charge -- And The Change
by Nikhil Lele
While always negotiating states of flux and change, the consumer financial services industry today faces an inflection point like no other. As digitalization overtakes the financial world, firms must shift their strategies to differentiate on trust and financial wellness-with bundled offerings that swap out product-centric selling for holistic, personalized value propositions. So how long could this take? Research leads us to conclude that the industry will be reframed in the next five years. Click HERE to learn more. 
Here are additional articles related to   Banking you may enjoy: 
How To Have Powerful Conversations That Will Influence People
by LaRae Quy
The purpose of powerful conversations is to influence people and change mindsets.  You may need a powerful conversation to change the behavior of one of your colleagues. Or, to convince shareholders that you have a solution to the problem that faces your company. Even more common are powerful conversations where ideas are exchanged, breakthroughs produced, and people feel both challenged and supported.  Click  HERE to learn how you can have powerful conversations that will influence people.

Here are additional articles about   Personal/Professional Development you may enjoy:
AVMs Will Soon Represent 70% of Valuations
Represent a viable option for much of the current origination volume
by Kelsey Ramirez
Automated valuation models often come under special scrutiny as mortgage experts seek to increase technology in the industry while warding off the possibility of another housing crisis, but one expert explained why AVMs could work in today's mortgage lending environment. Click HERE to learn more. 
Here are additional articles related to the   Mortgage Industry you may enjoy: 
Your Guide To Winning Business Banking Customers
the BAI Banking Outlook Report
The business banking landscape is changing-rapidly-yet financial services organizations find themselves challenged to keep up. The disconnects are many, with some banks unaware of how their position and reputation amongst business customers have changed. The BAI Banking Outlook report sheds light on how banks can refine their overall strategy and gain a competitive edge. Click HERE to learn more and access the podcast reviewing key takings. 
Here is an additional article related to  Business Banking you may enjoy: 
Are You Working On You? Questions For Improving the Quality of Your Leadership
by John R. Stoker
Click HERE for a few ideas of questions you might consider as you give thought to your experience as a leader. Answering these particular questions will help clarify your current results, assess the quality of your leadership, and increase awareness of the condition of your relationships. Taking the time to contemplate how you are interacting with others and how they are responding to you will help you in important ways to become a stronger, more effective leader. 
Here are additional articles related to   Leadership you may enjoy: 


**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?

West Virginia Bankers Title 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 Britney Shuck your thoughts.
Bob Drummond
Give us a call and let us know how we can better serve you and your team!
Vice President & Agency Manager
West Virginia Bankers Title, LLC
1547 Tulip Lane
Fairmont, WV 26554

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At West Virginia Bankers Title, our goal is to provide security for your most valued investments, while offering exceptional customer service and delivering quality title insurance products in an accurate and timely manner.
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