Refinance

The FHFA has introduced a “pilot” program that replaces title insurance on refinances with automated public record searches. To get an overview of this program, our Chairman, Jerome Jelinek, has shared some insight into its potential benefits and drawbacks. Could you give us some background on the proposal “pilot” program: What’s involved, how it will

Corporate Settlement Solutions Earns SOC 2 Type 2 Certification A-Lign Confirms CSS’s Dedication to Security and Trust We are pleased to share that Corporate Settlement Solutions (CSS) has recently achieved the SOC 2 Type 2 certification from A-Lign, a respected cybersecurity and compliance firm. This accomplishment highlights our commitment to offering secure and dependable services

2023 Spring Industry Updates What’s New States Prohibiting Foreign Investors Several states have now passed “Alien Land” laws that prohibit the purchase or acquisition of title to real property by certain aliens or foreign entities. Minnesota’s statute focuses on prohibition of agricultural property, timber, forestry and mineral purposes (M.S.A. § 500.221); and North Dakota (NDCC,

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,

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

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

Every mortgage lender wants what’s best for their customers and employees. If you’re overseeing refinance operations at a lender, you care about many things, but there are likely three you’re always looking to satisfy: your customers, your employees, and your margins.