2022 Commercial Winter News & Updates What’s New CSS provides real estate title and valuation solutions throughout the eastern half of the US and Colorado, and is expanding its CSS Commercial Title operations once again. In early 2022, CSS expanded its commercial operations and “boots on the ground” efforts to the Southern part of […]
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2022 Winter News & Updates What’s New Attorney Opinion Letter versus Title Insurance. Attorney Opinion Letters (AOLs) have been the focus and at the forefront of the American Land Title Association (ALTA) recently. Freddie and Fannie are now accepting AOLs in lieu of title insurance to insure their loans in some limited situations. However,
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webinar Preventing Commercial Closing and Title Disasters Watch Corporate Settlement Solutions’ (CSS’) SVP, Corporate Counsel, Maura A. Snabes, Esq., as she speaks with commercial real estate attorney Gregg Nathanson about the most common pitfalls to avoid when dealing with a commercial sale or loan transaction, tips and advice for a smooth closing and best title
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Commercial Property Outlook for 2023 by Maura Snabes, SVP, Corporate Counsel. October, 2022 According to Orion Investment Real Estate, while the commercial real estate (CRE) market generally follows the lead of the larger market, the CRE outlook for 2023 may not be as straightforward. Despite a declining residential real estate market, given the current
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Real-Time Payments by Maura Snabes, SVP, Corporate Counsel. September 9, 2022 As the title industry and CSS continue to look for ways to make the customer experience quicker, more convenient and more secure, a CSS EVP attended an informational presentation on “Real-Time Payments.” Real-Time Payments (RTPs) is a new digital payment rail that provides
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CSS Talks Appraisal Management With Valley Bank’s Director of First Mortgage Operations How would you describe your experience working with CSS? “When you’re trying to work with a partner on the AMC side who’s supposed to be working with the appraiser, the last thing you want is a game of operator. I think the best
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Biden Budget Once Again Threatens Section 1031 Section 1031 is again a target in the FY2023 budget proposal recently released by President Joe Biden. The proposal effectively eliminates Section 1031 by placing a $500,000 cap for each taxpayer ($1 million in the case of married couples) on deferred gain from like-kind exchanges. It is the
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How Split Closings can Benefit Lenders April, 2022 Would you let your car dealer pick who you used for car insurance? Would you let your realtor pick who you used to insure your home? Probably not. Yet, every day lenders allow real estate agents, property owners, lawyers and developers pick the title company that,
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Cybersecurity and Wire Fraud Risks Here’s how CSS protects Lenders on their refinance transactions As a mortgage lender, you are constantly exposed to financial and reputational risk from your title and closing vendors. 1 in 3 real estate transactions are targeted for wire fraud (ALTA Wire Fraud 2021 Survey) CSS’s managed refinance title and closing
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Hybrid Appraisals: A Viable Alternative to Traditional Appraisals? by William Janke. March 30, 2022 Hybrid appraisals have become more prevalent and accepted by the lending industry as an alternative to traditional appraisals. Benefits to lenders and consumers include quicker turn times and reduced cost. So, what exactly are hybrid appraisals, and why are they
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