Recent CyberSecurity Incidents Emphasize Importance of Cyberinsurance – Lexology

As the threat of cyberattacks continues to pose daily threats to businesses large and small, more companies have turned to cyber insurance products to shore up protection against these disruptive threats. A spate of recent incidents has highlighted the importance of taking steps to prepare for and mitigate possible damages. As such, healthcare entities have begun exploring Cyberinsurance as a method of aiding in better securing company data, as well as financial security.

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Enroll in a Fraud course or a Cyber Crime course and earn CE credits as you learn about cyber crime.

E-recording course available on Learntitle

E-Recording…Today’s technology to streamline closing processes

E-Recording is a hot topic in the industry right now; especially as the market has slowed and title agents are trying to do more with less and gain competitive advantage.

The presentation will address doing business with digital documents and explain the e-recording process from the title industry perspective. During the presentation, we will review and outline eDocument legislation that permits e-recording both on a federal and state level. We will conclude by discussing the competitive advantages that e-recording brings to title agents specifically.

This course is approved in the following states. Select your state to enroll.

Learning Objectives

Participants will gain a better understanding of the e-recording industry and how to improve their overall workflow.

The education track of this session includes regulatory statutes as well as several facets of business operations. Participants will be able to leave this session empowered with knowledge that will help streamline their post closing process. Benefits of e-recording include:

  • Increased customer satisfaction
  • Improved agent/underwriter relationship
  • Streamlined post-closing workflow
  • Reduced per-transaction costs
  • Fewer file touches
  • More time for business development

About the Presenter

Vicki DiPasquale

Vicki DiPasqualeVicki DiPasquale, has more than 30 years in the title insurance and real estate industry working both with underwriters and agencies in many different states. She consulted on a Freddie Mac e-closing project in 2001 and has been an avid supporter of the e-recording process since its inception. Vicki has a Doctorate degree in Business Management and Organizational Leadership. She has an outstanding record of success in identifying business opportunities, developing strategies and implementing actions to boost business performance. With a focus on technology, Vicki recognizes the importance of innovation as a way to streamline business processes.

This course is approved in the following states. Select your state to enroll.

Title Agent E&O Course Available on Learntitle

Approved for 1 credit
Enroll Here

Due to the litigious nature of society today, professional liability insurance (aka E&O) has become increasingly important in many industries, especially the Title Industry.  While it may not be mandated by every state, E&O Insurance is increasingly being required by the major Title Insurance carriers and lenders across the United States.

Your E&O policy is designed to protect you against claims for which you become legally liable to pay due to allegations of an unintentional error or omission by you or one of your employees.   Professional liability policies are written on a claims-made and reported basis, covering claims that occur subsequent to the retroactive date stated in the declarations and which are first made against you and reported to the company while the policy is in force.  For this reason, maintaining prior acts coverage is extremely important.  Without prior acts coverage, your covered acts are limited to those performed and reported during the current policy period only.  While switching carriers, please be aware of the significance of the retroactive date in your policy.

When seeking Professional Liability insurance, it is easy to be misled by some carriers offering a much lower premium than you had paid previously.  It is common for these policies to be written retro-inception (with no prior acts coverage).

This course will cover the forms, endorsements, terms and definitons related to E & O insurance

Approved for 1 credit
Enroll Here

About the Presenter

Fran Kelly Professional Liability, LLC is a family owned and operated insurance agency.  The agency was founded in 1993 in an effort to provide the proper Errors & Omissions insurance to the Title and Real Estate Industry.  the company understands the level of importance this insurance has to the title business and they are dedicated to the insured.  The company provides high quality customer service.

Fran Kelly Professional Liability, LLC is a completely independent insurance agency with access to over a dozen different carriers.  They work for the title agency, not an insurance company!  This flexibility allows them to find the coverage needed at the best price.

The company can also assist in obtaining other important policies.  Their expanded product mix includes escrow security bonds, cyber and privacy liability policies, notary E&O, bonds and more. Contact them at:

ALICIA KELLY

Phone: 610-478-0400

E-mail: Alicia@TitleLiability.com

FRAN KELLY(the presenter for this course)

Phone: 610-478-0400

E-mail: TitleEnO@comcast.net

KAITLIN KELLY

Phone: 610-413-2574

E-mail: Kate@TitleLiability.com

Fran Kelly Professional Liability, LLC

Middle City P.O. Box 30538

Philadelphia, PA 19103

Fax: 412-281-4716

CFPB will update Know Before You Owe rule | 2016-07-29 | HousingWire

Staying true to its announcement three months ago, the Consumer Financial Protection Bureau released a set of proposed updates to its Know Before You Owe mortgage disclosure rule after industry calls asked for greater clarity and certainty on the rule. However, the changes, while welcomed, don’t address everything the industry asked for.

Source: CFPB will update Know Before You Owe rule | 2016-07-29 | HousingWire

Citi and Chase to Deliver New Disclosure

From: http://letstalkdirtsc.com/2015/03/03/three-lenders-make-cfpb-announcements/

Two additional lenders will deliver the borrower’s Closing DisclosureCiti and Chase have joined Well Fargo and Bank of America by announcing that they will deliver borrowers’ Closing Disclosures after the CFPB rules take effect on August 1, 2015.Citi’s announcement was made on January 28, 2015, followed by Chase’s announcement on February 26. Both lenders stated that closing attorneys will continue to be responsible for sellers’ Closing Disclosures in purchase transactions. Closing attorneys will be required to deliver copies of sellers’ Closing Disclosures to the respective lender.Citi’s announcement shared some information with its settlement agents that has previously been made clear by the rule itself. That is, there will be several weeks or months after August 1 when the old forms will be used because it is the application date as of August 1 that triggers the use of the new forms, and early use of the Closing Disclosure is not allowed. Citi also pointed out that the new rules do not apply to home equity loans.

via Three Lenders Make CFPB Announcements.

RESPA course updated to include TRID

This updated version of the course is worth 4 credits
Reduce your enrollment fee by earning points.  Click Here for details.

Click Here to Enroll

Learntitle’s RESPA course has been updated.  It is the most complete treatment of RESPA and Regulation X available. It includes an extensive review of the new Loan Disclosure and Closing Disclosure.  The course is presented by Vince Danzi.

Vince DanziVincent G. Danzi graduated from the University of Texas at Austin with a Bachelor’s degree in History in 1995 and earned his law degree in 2000 from the State University of New York at Buffalo.  Prior to law school, he was a Licensure Investigator for the Texas State Board of Medical Examiners.  Since law school, he has worked in the title insurance and settlement services industry.  He serves as General Counsel for Equity Settlement Services, Inc., a national title and settlement services provider, which offers a wide range of services across a thirty-five state footprint.  Outside this role, his practice includes business legal representation, consulting, and serving in an of-counsel and outside expert capacity on RESPA and other compliance and title insurance issues.  In accord with his enduring devotion to computer programming, he is also a database application and user interface developer.  He lectures, writes, and otherwise contributes to the publications and seminars of such organizations as The New York State Land Title Association, the Title Appraisal Vendor Management Association, October Research, The New York State and Suffolk County Bar Associations, and is a member of the Editorial Advisory Board of October Research’s The Legal Description, the nation’s leading legislative and legal analysis newsletter for the title insurance and settlement services industry.  Mr. Danzi was a featured speaker at the 2011 National Settlement Services & Compliance Summit in Cleveland, Ohio, at which he spoke on best practices for the title insurance industry

4 credits – only $70.00
Reduce your enrollment fee by earning points.  Click Here for details.

Click Here to Enroll

UPDATE 1-Stewart Information strikes deal with two activist investors

Oct 18 (Reuters) – Title insurer Stewart Information Services Corp said on Tuesday it would add four new directors to its board in a deal with activist investor Starboard Value LP.

The company also struck a deal with another shareholder, Foundation Asset Management LP, which agreed to drop its pursuit of a special shareholder meeting.

Source: UPDATE 1-Stewart Information strikes deal with two activist investors

“A good day for democracy” or a “reckless decision”: Industry reacts to watershed PHH-CFPB ruling | 2016-10-11 | HousingWire

While it’s too early to know the full impact of the United States Court of Appeals for the District of Columbia Circuit’s decision to rule the structure of the Consumer Financial Protection Bureau unconstitutional and vacate a $103 million fine against mortgage lender PHH, opinions from all sides are pouring in on just what the court’s decision could mean for housing and for the financial services industry as a whole. In a statement, a CFPB spokesperson says that the agency “respectfully disagrees” with court’s ruling. . . .

Source: “A good day for democracy” or a “reckless decision”: Industry reacts to watershed PHH-CFPB ruling | 2016-10-11 | HousingWire

Ethics with Michael Holden approved in Alabama

2 credits

Click Here to Enroll

Michael Holden discusses a wide range of Ethics topics and how they relate to the Title Insurance Industry. It is a comprehensive discussion that covers historical perspectives, unethical conduct, and cultural factors. He uses Boeing as an example of corporate ethics policies and discusses how to establish an ethical organization.

Click Here to Enroll

Michael began working in the title industry for his father in 1984 part time before entering high school.  Since entering the field full time in 1989, Michael has examined over 15,000 real estate titles, written policies in excess of $100 million dollars, and handled closings of thousands of commercial and residential properties through out the country.

Michael currently serves as the Ohio and Michigan State Agency Manager for North American Title Insurance Company.  To work with him and North American Title, please click here:  NATIC

Michael has served on the American Land Title Association’s education committee responsible for setting educational programs for the association from 2000 to 2008.  He also has served on the ALTA’s Abstractors and Agent’s section committee to the Board of Governors.  Currently he  serves on the ALTA Public Relations Committee.

Michael is a regular speaker for the title industry.  He has been a featured speaker at the American Land Title Association Technology Forum; and the Missouri, Montana,Wyoming, Kansas, Michigan, Ohio, Nebraska, Virginia and South Dakota Land Title Associations.

Michael is an alumnus of the University of Missouri, and was recognized by October Research as “top 40 under 40” in 2007.  He enjoys travel, skiing and spending time with family.

Michael has a proud legacy of family leadership in the title insurance industry.  He and/or a member of his family has been active in the business continuously since 1920.

Michael Holden Seminars provides educational programs to Title Agents, Escrow Closers, Mortgage Lenders, Attorneys and Real Estate Agents.  Topics available include:

• RESPA reform, CFPB, the Dodd-Frank Act and affiliated business arrangements
• Bankruptcy, Federal Issues, Federal Tax Liens and Railroads
• Business operations, process streamlining, workflow centralization and cost reduction
• Marketing, business retention, sales, and internal marketing systems