From Searching to Signing by Michael Holden approved in New Jersey

Searching to Signing 1 credit

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This course covers:

  • The history of land titles
  • Clearing liens on real property
  • What is title searching?
  • The difference between title searching and title examining
  • Problems with name searching
  • Tax problems in Wayne County
  • Case studies

Michael HoldenMichael Holden

Vice President Strategic Agency Manager, NORTH AMERICAN TITLE INSURANCE COMPANY (NATIC). Michael has been serving the title industry since 1989. Michael received his Bachelor’s degree from the University of Missouri and has previously owned and operated a large title agency in Missouri. Prior to joining NATIC, he worked for two different regional underwriters as national agency manager. An active member of ALTA, Michael serves on several committees and has previously served on the agents’ section to the board of governors. Michael has been a speaker for several state land title association conventions and helps provide CE classes to title agents in the Midwest. Michael has a wealth of knowledge about the history of the land title industry in the United States and publishes a monthly article titled: “The Ramblings of a Title Man.” In 2007 he was recognized as “Top 40 under 40” by The Title Report™. In 2014, his first book, also titled “The Ramblings of a Title Man” was released. He, or a member of his family, has worked in the title industry continuously since 1920.

Ramblings of a Title Man is available for purchase from Learntitle Here

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ALTA/NSPS Survey Standards

2 credits.

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Members of the American Land Title Association® (ALTA®) have specific needs, unique to title insurance matters, when asked to insure title to land without exception as to the many matters which might be discoverable from survey and inspection, and which are not evidenced by the public records. This course discusses the standards associated with those surveys.

For a survey of real property, and the plat, map or record of such survey, to be acceptable to a title insurance company for the purpose of insuring title to said real property free and clear of survey matters (except those matters disclosed by the survey and indicated on the plat or map), certain specific and pertinent information must be presented for the distinct and clear understanding between the insured, the client (if different from the insured), the title insurance company (insurer), the lender, and the surveyor professionally responsible for the survey.

In order to meet such needs, clients, insurers, insureds, and lenders are entitled to rely on surveyors to conduct surveys and prepare associated plats or maps that are of a professional quality and appropriately uniform, complete, and accurate. To that end, and in the interests of the general public, the surveying profession, title insurers, and abstracters, the ALTA and the NSPS jointly promulgate the within details and criteria setting forth a minimum standard of performance for ALTA/NSPS Land Title Surveys.

A complete 2016 ALTA/NSPS Land Title Survey includes:
(i) the on-site fieldwork required pursuant to Section 5,
(ii) the preparation of a plat or map pursuant to Section 6 showing the results of the fieldwork and its relationship to documents provided to or obtained by the surveyor pursuant to Section 4,
(iii) any information from Table A items requested by the client, and
(iv) the certification outlined in Section 7.

Gary KentGary Kent is Director of Surveying at The Schneider Corporation, a 42-year-old consulting firm based in Indianapolis providing solutions in surveying, GIS, 3D graphics, architecture, and civil, municipal and transportation engineering. A past-president of both ACSM and the Indiana Society of Professional Land Surveyors, Gary has a BS degree in Land Surveying from Purdue University and is registered to practice surveying in Indiana and Michigan. He is chair of both the NSPS/ACSM committee and the ALTA committee on the ALTA/ACSM Standards. He currently sits on the Indiana State Board of Registration for Land Surveyors and is also a member of the adjunct faculty at the Purdue campus in Indianapolis where he teaches Land Survey Systems, Legal Descriptions, Boundary Law and Property Surveying.

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Fed Pushes Refinancing, But Obstacles Abound – Developments – WSJ

Associated Press
Fed Chairman Ben Bernanke

Does the Federal Reserve have good ideas for the housing market? That’s been the question since the Fed published its paper on housing last week.

Critics see the Fed’s foray into housing policy as an irresponsible deviation from the central bank’s mission of managing interest-rate policy. Supporters of more aggressive action to stabilize the housing market argue that the Fed is playing a valuable role in pushing the Obama administration and regulators to do more.

All of this debate ignores something that’s become increasingly clear: Due to practical and political limitations, changes to the government’s response to the foreclosure crisis are likely to involve tweaks on the margins rather than a massive revamp.

The Fed’s paper delved into detail about ways the Obama administration could encourage more “underwater” homeowners who owe more on their loans than their properties are worth to refinance at today’s ultra-low rates. Here are some issues to consider:

So what did the Fed suggest on refinancing?

In their paper, Fed officials suggested ways to further revamp a program launched in February 2009 that allowed homeowners with mortgages backed by government controlled mortgage-finance companies Fannie Mae and Freddie Mac to refinance if their properties have sunk dramatically in value.

The initiative, called Home Affordable Refinance Program, or HARP, is already being expanded under changes rolled out in October that have been dubbed HARP 2.0.

Why aren’t those changes sufficient?

Fed officials have applauded the changes rolled out by the Obama administration and the Federal Housing Finance Agency but say more could be done to both improve HARP and reach borrowers who currently aren’t eligible for the program. They say the program could be expanded to help an additional 1 million to 2.5 million homeowners who don’t have loans backed by Fannie or Freddie.

Doing so, however, is tougher than it sounds. As the Fed paper notes, Congress would need to change the rules by which Fannie and Freddie operate — an unlikely proposition the current environment of hyper-partisan gridlock.

By law, Fannie and Freddie are barred from buying new loans in which borrowers owe more than 80% of their home’s current value — unless the borrower pays for mortgage insurance. The HARP program allows those loans to be refinanced because Fannie or Freddie already guarantee them and are on tap for losses if the borrower defaults. But Fannie and Freddie are unlikely to be able to take on new “underwater” loans that they did not already guarantee.

The Fed paper, however, argues that allowing these borrowers to refinance through HARP would aid the economy and housing market, and therefore benefit Fannie and Freddie. Allowing those homeowners to refinance could reduce borrower’s payments “potentially reducing pressure on the housing market,” the Fed paper said.

What would expanding refinancing further mean for Fannie and Freddie?

Doing so would require a “potentially large” expansion of Fannie and Freddie’s balance sheet. That’s likely to be a tough sell at a time when many policy makers want to deemphasize Fannie and Freddie. “This may be the most politically unpalatable of the recommendations,”” wrote Rob Rowan, an analyst with Fitch Ratings.

Furthermore, a massive refinancing proposal, which has long been rumored, is unlikely to come to pass, largely because it could dry up investment in the market for mortgage-backed securities, which needs to keep humming so Americans can obtain home loans.

What else did the Fed propose?

The Fed paper also suggested some more tweaks. Regulators further reduce fees that Fannie and Freddie charge for higher-risk borrowers who refinance (those fees were already cut in the October announcement).

Fannie and Freddie could also “more comprehensively” waive their right to send back defaulted bad loans to lenders if they are refinanced through HARP. The paper noted that Fannie has taken steps to streamline refinancing by reducing that “putback” risk for all loans — including borrowers who owe less than 80% of their home’s current value. Establishing the same requirements for Fannie and Freddie, the paper said, “could facilitate more refinancing among this group of borrowers.”

Brad German, a Freddie Mac spokesman, defended his company’s policy. “We believe we have struck a balance where we are providing a streamlined refinance opportunity for borrowers while also maintaining our rights as investors to enforce quality,” he said

Originally posted 2012-01-11 19:44:32.

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A New And Different Housing Bubble Is Taking Shape

From Business Insider
Wolf Richter
March 19

We have seen it for several years now: foreclosure sales—there were 5 million since the peak of the housing bubble—have become the hunting grounds for investors with two goals: hanging on to these homes until the Fed’s flood of money drives up their value; and defraying the expenses of ownership by renting them out. And funds have a third goal: collecting management fees.

Read more: http://www.testosteronepit.com/home/2013/3/18/housing-bubble-ii-but-this-time-its-different.html#ixzz2OR8rvYgw

Originally posted 2013-03-23 22:41:48.

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Cyber Crime in the Title Industry

3 credits

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wire fraud
The FBI’s Internet Crime Complaint Center receives complaints crossing the spectrum of cyber crime matters. Since they began tracking scams in the late 2013, it has compiled statistics on more than 7,000 U.S. companies that have been victimized. The scam succeeds by compromising legitimate business email accounts through social engineering or computer intrusion techniques, Businesses of all sizes are targeted, and the fraud is proliferating. Title companies handle a lot of money through their escrow acccyber attackounts and are consequently a favorite target of cyber criminals. This course covers all the different types of cyber-fraud, how to recognize them, and how to protect your business against them.

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Bankruptcy and Foreclosure Issues in Title #CE

BankruptcyRegister or Login to Enroll

Estimated Length: 3 hours

Credits: 3

Description

3 Credits. If homeowners hold title to real property while under the protection of the Bankruptcy Court or are going through a foreclosure process and are looking to sell or refinance their property, certain underwriting requirements must be met in order to insure the transaction. This course discusses the issues surrounding bankruptcy and foreclosures and the relationship they have to title insurance

Originally posted 2013-08-17 21:34:16.

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Convert your training to Continuing Education

Originally posted 2015-03-17 18:04:09.

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Electronic Delivery of Mortgage Disclosures

1 credit

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Two industry leaders explain electronic delivery and esignatures. Electronic delivery of documents has become ubiquitous. It’s only natural that it would come to the Mortgage and Title industry. This course will give you some historical legislative background and will help you understand how electronic delivery and electronic signatures will impact your business.

The Presenters are

David Whitaker, Esq.

David Whitaker is Counsel in the Chicago office of BuckleySandler LLP.  Mr. Whitaker advises financial services companies in transactional, legal and regulatory matters.  Mr. Whitaker also assists companies in their efforts to structure and implement platforms and processes that conform to the requirements of the Electronic Signatures in Global and National Commerce Act (ESIGN), the Uniform Electronic Transactions Act (UETA), other applicable state and federal laws, and various industry standards.

Prior to joining BuckleySandler, Mr. Whitaker was Senior Company Counsel in the Strategy & Operational Risk Group at Wells Fargo Bank, N.A., where he served as team leader for the group of attorneys supporting Wells’ electronic financial services.  In that role, he supported the bank’s online and mobile banking services, and a wide variety of new product development initiatives.  Among other products, he served as the primary legal architect at Wells for the development of the vSafe online document storage service and the clearXchange P2P electronic payments platform.

Before joining Wells, Mr. Whitaker was Of Counsel in Goodwin Procter’s Corporate Department and a member of its Financial Services Practice, specializing in electronic commerce issues and financial services law. He has extensive experience with practical application of laws governing electronic banking, letters of credit, payment systems and commercial and consumer financing. Before joining Goodwin Procter, Mr. Whitaker was Assistant General Counsel at the Federal Home Loan Mortgage Corporation (Freddie Mac) in McLean, Virginia. He has also served as a Vice President at Star Bank, N.A. (now U.S. Bancorp), headquartered in Cincinnati, Ohio; Vice President and Assistant Director of Legal Services at Bank of Oklahoma, N.A.; and in private practice as a partner at Boesche, McDermott & Eskridge, in Tulsa, Oklahoma.

Mr. Whitaker is a member of the American Law Institute. He was named a “2009 Mortgage Banking Technology All-Star” by Mortgage Banking Magazine, in recognition of his pivotal role in “transform[ing] e-mortgages from an idea into a product.” Mr. Whitaker is also a member of the American Bar Association’s Business Law Section, and the Business Law Section’s Committee on the Uniform Commercial Code (“UCC”), Committee on the Law of Commerce in Cyberspace, and UCC Subcommittee on Letters of Credit. He has co-chaired the Cyberspace Committee’s Task Force on Federated Identity Management.

Michael Laurie

Michael LaurieMichael co-founded Silanis more than 20 years ago. Today he is responsible for planning and growth strategies for product marketing and product management.

An expert in the field of compliance and standards for electronic signatures and e-vaulting solutions, Michael has been a driving force in advancing the e-signature marketplace through his participation in industry associations and contribution to standards including SPeRS, ESRA, MISMO and IRI. He is a frequent featured speaker at industry conferences and events. In 2013, he was recognized by BuckleySandler LLP with an ESIGN Service Award for his pioneering educational efforts, innovation within the industry and championing of electronic signatures in commerce.

Michael graduated from Laval University with a bachelor of sciences in electrical engineering.

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Originally posted 2016-10-14 17:41:18.

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RESPA course updated

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

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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.

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Originally posted 2016-02-20 06:29:12.

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Financial Fraud in the Title Industry course approved in New Jersey

Learntitle has another course approved for 1 credit.

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This course will cover:

  • ALTA Best Practice #2
  • Various types of Fraud
    • How to detect it
    • How to prevent it
    • Internal Fraud
    • External Fraud
  • Why ALTA Best Practice compliance is important
  • Phishing

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Presenter is Tracy Milanese

Vice President, Relationship Manager at Access National Bank

Tracy joined Access National Bank in 2012 as a Vice President, Relationship Manager. She has 10 years of
experience in the banking industry. With Access National Bank, Tracy is responsible for business development and
relationship management of title companies as well as other types of small businesses, including medical
practitioners and veterinarians.

Tracy is involved with various associations such as VLTA, the Practice Managers
Association, the Bull Run Rotary Club, the Prince William Chamber of Commerce, and the Prince William affiliate
of Habitat for Humanity.

 

Originally posted 2015-03-18 22:17:47.

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