Preventing Wire Fraud & Enhancing Data Privacy – at the top of the agenda for Title Agents in 2020

11,300 victims & $150 Million in losses in 2018 ! A 166% year on year increase in losses to fraud! And with FBI estimating only 12-15% cases being reported, this may just be the tip of the iceberg. Source: ALTA Wire transfer fraud continues to be an ever increasing threat to every title operation regardless of …

The 2020 housing market: good or not?

A year of low unemployment, lower interest rates and a scarcity of housing stock… It seems that a 50-year low unemployment rate (Washington Post) in addition to a 17% decrease in mortgage rates (Washington Post) compared to January 2019 are two factors that are expected to fuel the housing market in 2020. There is a …

A Business Continuity Plan: Why it is critical for your Title Insurance business.

Understanding & developing a solid BCP is critical for an organization’s risk management strategy Business continuity planning is the process by a company to create a system to prevent & to recover from threats that may affects its normal business operations, including natural disasters or cyber-attacks. Having a strong Business Continuity Plan (BCP) is essential …

2 key takeaways for title agents from the recent mortgage lender sentiment survey

Senior executives from the mortgage industry share their impressions in this quarterly survey The quarterly Mortgage Lender Sentiment Survey® (MLSS) for Q3 2019 is out and reducing time to close is the top-most priority for lenders so that they can improve customer experience. The MLSS is a quarterly survey of senior executives of Fannie Mae’s …