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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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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The Top 6 Commercial Loan Policy Endorsements to Protect a Lender by Maura Snabes, SVP, Corporate Counsel. March 22, 2022 Want the Commercial Loan Policy Endorsements that provide the maximum protection? The ALTA 2006 Loan Policy provides many protections for a lender that is loaning money to a borrower secured by a lien interest
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Improve Home Equity Appraisal Turn Times and Reduce Appraisal Costs The Benefits of Home Equity Evaluation Products The lending industry continues to be challenged by significant appraisal delays caused by an imbalance in appraiser supply and demand. To address these challenges, CSS is offering a new evaluation product that is ideal for home equity lenders.
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Refinance Title & Closing: How Lenders Can Manage Their Vendors by Jerome Jelinek, CEO and President. November, 17, 2021 While regional lenders have historically narrowed working relationships to a few AMCs and home equity title, valuation & flood vendors, the predominant model for title insurance and closing still authorizes loan officers in the field
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Home Savings Case Study Founded in 1889, Home Savings & Loan (HSL), now known as Premier Bank, has always been committed to developing long-standing relationships with local residents and businesses by providing a full range of retail and commercial banking products and services to exceed expectations. For HSL, managing two separate locations — and processes
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