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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Diane Tomb, ALTA CEO Contributor.

Insurance 473
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Opinion: Two legal issues relevant to FHFA’s review of FHLB system

Housing Wire

This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”. This provision may be challenged by the affected FHLBank under legal process. Short-term advances are not so restricted.

Legal 370
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American Digital Title is open for business in California

Housing Wire

American Digital Title Insurance Co. , a Denver-based insurtech title insurance provider controlled by insurance giant Munich Re , has been authorized to underwrite title insurance in California, the second largest title insurance market in the country. Holding Corp. which is owned by Germany-based Munich Re.

Business 397
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Smart Rate, Michael Strauss no longer authorized to do business in Illinois

Housing Wire

In addition, the Nationwide Multistate Licensing System (NMLS) shows that Jacksonville, Florida-based Smart Rate is no longer authorized to conduct business as of Oct. Strauss’s restriction to do business started Oct. 3, indicating a voluntary surrender.

Business 441
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Nearly half of loans processed in Q1 showed fraud risks: FundingShield

Housing Wire

The portfolio of loans examined included residential, commercial investor and business purpose loans. However, CPL Validations issues, including agent good standing, issuance limits or title file order registered in title insurer systems, recorded the largest increase, jumping 29.32%. up 60% compared to non-attorney only states.

Insurance 450
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NAR releases flood disclosure tracker as federal shutdown looms again

Housing Wire

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Data from the Legal Research Center concluded that all 50 states and Washington, D.C., America’s 1.5

Legal 420
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Attracting More Appraisal Business

Cleveland Appraisal Blog

Mortgage lending work is only one type of business where appraisals are needed. Isn’t this just good business practice anyway? It just means we’re kind, and that can lead to more business and referrals. I do generate a little extra business from offering home measurement and floor plan services.

Business 393