Refinance

2022 Winter News & Updates

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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Cybersecurity Wire Fraud Risks

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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Title & Closing for Regional Lenders: Time for a Centralized Model!

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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KeyBank Story: Centralized Title Success

KeyBank Story Refinance Title & Closing Success Refinance Title & Closing Success   CSS is one of Key Bank’s preferred title and closing providers for refinances across multiple states in the bank’s footprint. See why Key Bank chooses to send all of its refinance transactions to a limited set of highly vetted title and closing …

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How Can We Improve Our Overall Title and Settlement Process?

Many of our lender customers express frustration with using so many different title & closing vendors across their lending footprint. With multistate lending operations, title vendors sometimes number in the hundreds! This results in as many different levels of quality, fee structures, points of contact, and methods of communication as there are vendors. Management of …

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The Top 5 Takeaways From ALTA One 2020

The latest annual American Land Title Association (ALTA) One Conference was going to be held in New York, but, due to COVID-19, was held virtually. This year’s theme was “Tell Our Story.” ALTA President, Mary O’Donnell, encouraged all title professionals to tell our industry’s story to consumers: that we are bodyguards, private detectives and problem …

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Top 5 Takeaways from ALTA One 2019

The American Land Title Association (ALTA) One 2019 Conference was held in Austin, Texas, the “live music capital of the world.” This year’s theme was “Unbound,” and with live music everywhere, Austin provided a perfect place to encourage everyone to break free of limitations and think outside the box. Outgoing ALTA President Cynthia Durham, NTP, …

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