Cyber-security Protection Checklist

Posted by Eric Henke on Feb 13, 2019 1:14:41 PM

A cyber-security breach could lead to serious financial and reputational damage for your customer. Please help ensure that your customers are protected against cyber fraud by taking the following actions:

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Topics: cyber security

Hybrid Appraisals: A Viable Alternative to Traditional Appraisals?

Posted by William Janke on Feb 13, 2019 11:30:18 AM

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 an excellent alternative to traditional appraisals?

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Topics: Hybrid Appraisals

Governor Signs Legislation that Eliminates Dower in the State of Michigan

Posted by admin on Jan 6, 2017 11:52:00 PM

As a follow up to the information in our recent newsletter, today the Governor filed signed versions of SB’s 558 and 560 to complete enactment of a package of bills that abolish dower rights in the state of Michigan.  The legislative package consisted of HB 5520, SB 558 and 560 and they are now Public Acts 378, 489 and 490 of 2016.

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2017 Real Estate Industry Predictions

Posted by admin on Dec 28, 2016 11:51:00 PM

With the new year just days away, I thought this would be a great time to reach out to our leadership team to get their real estate industry predictions for the next year. While Millennials may be a topic again, I think we will also hear a lot of technology talk and digital mortgages.

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Understanding The Benefits of Going Digital

Posted by admin on Oct 25, 2016 11:44:00 PM

Whether you have started the transition to a full electronic mortgage (eMortgage) process or not, it is important to understand the process and the efficiencies that come along with this transformation.  While eMortgages may seem like a difficult transition, the benefits are worth it.  Yes, your customers are looking for a convenient digital experience, but let’s take a look at what it can do for your mortgage lending department.

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Topics: mortgage lending, eclosing, emortgage, mortgage process

CSS Implements DocMagic’s Total eClose™ Solution

Posted by admin on Sep 29, 2016 11:35:00 PM

Fully TRID-compliant solution delivers superior service and a competitive advantage

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Updated: State of Michigan Revamps Its Procedures

Posted by admin on Sep 21, 2016 11:33:00 PM

We were recently advised by our title insurance underwriter that the State of Michigan had revamped its procedures relative to the processing of Affidavits of Affixture for mobile homes being sold along with land and that the State would no longer accept and process an Affidavit of Affixture submitted post-closing which was executed by a Seller at the closing table. We then immediately informed you of this change.

However, we have now been advised by the same underwriter that the State’s Bureau of Construction Codes, Department of Licensing and Regulation, which handles the processing of Affidavits of Affixture, has indicated that they will process an Affidavit of Affixture signed by a Seller so long as the that Seller is the owner shown on the Certificate of Title for the mobile home and the seller has not put the buyer’s name on the certificate of title and signed the certificate of title over to the buyers.

They did also indicate that the State will not process the Affidavit of Affixture if the Certificate of Title has been signed over to the Buyer, or if in addition to the Affidavit of Affixture and Certificate of Title, they receive a copy of the deed from Seller to Buyer or other closing documentation indicating that the Seller has already transferred the underlying land. Also, if the sellers have signed the certificate of title over to the buyers, then a duplicate certificate of title to be issued in the Buyer’s name will have to be obtained and once received would need to be submitted to the State along with an affidavit of affixture executed by the Buyers.

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Topics: Michigan news

The Governor signed the flat recording fee package

Posted by admin on Jun 27, 2016 11:20:00 PM

The Governor signed the flat recording fee package (SB 599-604, SB 737 and HB 5164-5165) and the condominium act amendment legislation (SB 610) into law. The recording package laws become effective 10-1-2016 and the condo legislation on 9-21-16. These were top legislative priorities for the MLTA and their passage will mean more certainty for consumers, lenders & title companies relative to recording fees and for developers and condo owners on the condo legislation.

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CSS Completes Service Organization Controls (SOC) 2 Type 1 Audit

Posted by admin on May 18, 2016 11:18:00 PM

Corporate Settlement Solutions, a provider of real estate settlement services to regional lenders throughout the eastern half of the US, announced that it has successfully completed the Service Organization Control (SOC) 2 Type 1 audit. The SOC2 certification confirms that the internal controls of a service organization have been designed and implemented, consistent with the standards of the American Institute of Certified Public Accountants.

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MBA Forecasts New Record for Commercial/Multifamily Mortgage Bankers Originations in 2016

Posted by admin on Feb 2, 2016 10:57:00 PM

For 2016, the Mortgage Bankers Association (MBA) is projecting a $511 billion growth for originations of commercial and multifamily mortgages. This would be a 3 percent increase from 2015 volumes. This projection also exceeds the previous record of $508 billion originated in 2007.

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Don’t Let A Burglar Ruin Your Holidays

Posted by admin on Dec 22, 2015 10:40:00 PM

As some of us pack our bags and prepare to travel, others may be plotting a break-in. Don’t let your busy plans get in the way of burglary prevention. If you are leaving for the holidays, make sure your home and belongings are secure. Check out the infographic below! HomeAdvisor has shared burglary facts along with ways to prevent burglary.

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2016 Real Estate Market Predictions

Posted by admin on Dec 22, 2015 10:32:00 PM

With 2015 coming to an end, it’s time to look forward to 2016. The question is, what will 2016 look like? Will we see more Millennials taking a leap into homeownership, is the job market going to continue to get better, where will technology take us? I recently asked our leadership team to chime in with their thoughts for 2016. Below are the predictions they came up with for the real estate market.

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Topics: homebuyer, real estate, housing, millennials, construction, refinance, renters

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