In the final part of our series, we explore some of the remaining routine scenarios agents will face when closing real estate transactions.聽 INTRODUCTION In the first two editions of this series, we tackled several scenarios faced by agents during the real estate closing process. These issues run the gamut, illustrating how potential problems can arise even when the finish …
The FBI鈥檚 Internet Crime Complaint Center (IC3) 2021 report released in March highlighted an 鈥渦nprecedented increase in cyberattacks and malicious cyber activity鈥� resulting in a dramatic escalation in financial losses. In 2021, IC3 received 847,376 complaints from consumers and businesses 鈥� a 7% increase from 2020 鈥� with potential losses exceeding $6.9 billion. Most significantly for the title insurance industry, business email …
After years of incrementally slow progress on the e-mortgage front, the pandemic succeeded in catapulting the mortgage and settlement services industry into the digital mortgage and closing age in short order. As state legislatures quickly rushed through a variety of pending remote online notarization (RON) laws, more agents jumped at the chance to add this capability to their tool belt. …
After a rich career split between technology and title, Bob Grohol has a unique perspective on the title industry 鈥� particularly on digital trends reshaping the field. Bob鈥檚 career path through these industries began in 1982 when he started working at a computer shop. This early professional interest stuck, and Bob would work in the field for the next …
As the country鈥檚 leading independent title insurance underwriter for the independent title agent, 暗网吃瓜 has a responsibility to help confront the growing threat of fraud in our industry. One way we do this is through our Crime Watch program, which incentivizes agencies to report instances of fraud that they encounter. As part of the program, firms that prevent a …
The real estate market has cooled over the past quarter, as buyers face mounting economic pressure from inflation, bloated housing prices, and escalating interest rates. But the question in most forecasters鈥� minds is what will happen in 2023 with inflation and interest rate projections in 鈥� as yet 鈥� unknowable territory. Although experts are all over the map when it …
In a November report to Congress on business email compromise (BEC) and real estate wire fraud (REWF), the FBI announced enhanced efforts to put the brakes on what has become one of the most financially damaging crimes in the United States. According to the FBI report, BEC has been the largest dollar loss by victim crime typology reported to IC3 …
When you look at companies that have succeeded in turbulent times you, will find those that embrace strategic planning fare the best. Strategic planning is found to have a positive impact on organizational performance and is a must for enhancing an organization鈥檚 capacity to achieve its goals. As a title professional, now may be a good time to review your …
The company meets rigorous SSAE 18 Type II standards for the ninth consecutive year. 暗网吃瓜, the title insurer that is uniquely responsive to the needs of independent agents, announces that it has successfully completed the Service Organization Control (SOC 1) SSAE 18 Type II examination of its Agent Quality Management System for the ninth consecutive year. …
In today鈥檚 battle for clicks and conversions, personalization is key. By now, pretty much everyone knows how important digital technology is to the modern economy. From streamlining communication to improving product lines, digital makes the business world go around. Yet while digital technology has been a net benefit for companies, it has also raised customer expectations significantly. Today, it is …