Regional underwriter solutions for claims, reinsurance, business referralsIndustry News, Operations
A regional underwriter in 2013 isn’t so much defined by geography as it
is by capital surplus. That surplus increases the focus on claims
response and mitigation,
on applications and audits,
and it can limit the availability of certain larger real estate deals.
But that size is also used to an underwriter’s advantage. Read on to see
what three regional underwriters have to say about these issues and the
unique ways each overcomes challenges presented by that smaller capital
surplus.
Regional underwriter application, audit processes discussedIndustry News, Operations
The application process and ongoing audits and reviews are key pieces
of building a quality title agent network for any underwriter, but the
attention paid to these processes has increased. A panel of top
executives at three regional underwriters took the stage at the National
Settlement Services Summit to discuss these processes and how they
contribute to their business models, and how they hopefully will help
build a bridge to the lending and regulatory community.
Lender liability to gain steam, title agents encouraged to speak upIndustry News
Work together and speak up about concerns you may have about how the
Consumer Financial Protection Bureau will enforce its requirement that
lenders oversee all of their vendors. These were two of the main
takeaways from a session on lender liability at the National Settlement
Services Summit on June 11. The group also discussed how agents could
start working with lenders now, despite the lack of clarity from the
CFPB at this point.
Summit coverage: Emphasis on adaptation, new ideas will grow business in 2013, beyondIndustry News, Technology
Day one of the National Settlement Services Summit contained all sorts
of practical, every day information for running a title business in
2013, in addition to some of the high-level talking points about
industry change involving regulators and lenders. The standout nugget,
for me, was this simple idea: “The market has never put anybody out of
business.”
Summit Live Coverage: The ‘year of implementation’ and the one thing that will pull us out of the recessionIndustry News
Positivity permeated the grand ballroom as Bill Cosgrove, vice chairman of the Mortgage Bankers
Association (MBA) and the chief executive officer of Union Home Mortgage
Corp, kicked off the 2013 National Settlement Services Summit. While housing numbers are
encouraging, Cosgrove cautioned that we need to ensure we have the
proper mortgage industry structure in place as we continue through the
“year of implementation.”
First quarter title results strong, window of opportunity may be closingIndustry News, Market Data
Contributor Paul D. Osborne, senior financial analyst
at Demotech Inc., takes a look at the significant improvements in the
title underwriting data and asks if the problems that contributed to the
bubble have been rectified, or will the cheap money available contribute to
the forming of a new bubble? Will the economy support a sustained
housing recovery or are austerity measures, whether current, potential
or perceived, enough of a check to forestall a more vigorous recovery?