March 30, 2016
Guaranty Fee Back Into Effect This Week: Read Important New Clarifications and Guidance From TTIGA and TDI
Texas Land Title Association | March 30, 2016
As previously reported, the policy guaranty fee will go back into effect this week at $3 per policy for all transactions closed on or after April 1, 2016.
There are several points of clarification and guidance that are very important for you to know in order to properly comply, so please read this article highlighting when to start charging the guaranty fee, where to disclose and what to name the fee and where and how to remit the fees you collect.
For additional information, consult TTIGA's Frequently Asked Questions.
Update to TDI Licensing Forms
Texas Department of Insurance | March 23, 2016
The Texas Department of Insurance has published new title licensing forms to its website. The header on the forms and mailing addresses referred to within the forms now reflect their new location on the seventh floor of the Hobby Building.
TDI has indicated that more changes are coming, as TDI continues to look for ways to streamline processes and utilize efficient forms. TLTA will notify Dateline Austin readers once that information is received.
View the Forms »
Commissioner Mattax Appoints Three to Texas Title Insurance Guaranty Association Board of Directors
Texas Department of Insurance | March 23, 2016
Insurance Commissioner David Mattax has appointed three members to serve on the board of directors of the Texas Title Insurance Guaranty Association. The new board members are:
- Patti Bonner of Dripping Springs, senior vice president and agency services manager for Stewart Title Guaranty Company, currently serving as president of the Texas Land Title Association
- John Martin of El Paso, president of Lone Star Title Company of El Paso and a member of TLTA's board of directors
- Christopher Williston of Horseshoe Bay, president and chief operating officer of the Independent Bankers Association of Texas
The commissioner also reappointed Thomas Milton of Dallas to the board of directors.
Read More »
CFPB Webinar Available
Consumer Financial Protection Bureau | March 24, 2016
On Tuesday, March 1, the Federal Reserve hosted a webinar on the Know Before You Owe mortgage disclosure rule. A link to this webinar is now available on the CFPB's website. The session, presented by the CFPB, addressed specific questions pertaining to construction lending.
Watch the Webinar »
Deciphering TRID Through Communication
DS News | March 23, 2016
Here’s something that sounds counterintuitive: when it comes to closings, borrowers over the past six months have experienced longer timeframes and witnessed higher post-closing costs than they saw before TRID was fully implemented in October. And yet, they are highly satisfied with the entire, tangled, frustrating closing process.
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Ellie Mae CEO: Initial Discomfort of TRID Now Over
HousingWire | March 21, 2016
Nearly six months after the implementation of TRID, the market finally turned a corner as the time to close all loans decreased to 46 days, which is the shortest time to close since May 2015, the latest Origination Insight Report from Ellie Mae stated.
Read More »
TLTA has live and On-Demand webinars on the subjects you can't afford to miss. Check out the webinars calendar and register for a webinar today!
Contract Dos and Don'ts (Wednesday, April 6)
Get an overview on recent contract changes, the importance of how the contract is/was completed by the Realtor and the title agent's role.
TRID – Six Months Later (Tuesday, April 19)
This webinar should help get you over your learning curve into smoother sailing!
Divorce, Division and Dissolution (Wednesday, May 4)
Learn all you need to know about this transaction of real estate, the title insurance implications involved and what items are parts of the process.
Claims and Ethical Considerations (Tuesday, May 17)
This webinar will provide an overview of handling claims in an ethical way by using real-life scenarios and experiences.