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

Our Title Quote App Is Ready For TRID

Posted by admin on Sep 22, 2015 10:28:00 PM

October 3rd is just around the corner and we are happy to share that our title quote app is ready for the change.

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Topics: real estate, title insurance, housing, TRID, closing disclosure, mobile app, title quote

Renters Jumping On Today’s 3-Percent Mortgage Rates

Posted by admin on Sep 4, 2015 10:22:00 PM

HOMES STILL SELLING QUICKLY

Homes are selling at the fastest pace in nearly 10 years as low mortgage rates, rising rents, loosening loan guidelines, and eager sellers combine to shape the hottest housing market of the decade.

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Topics: homebuyer, real estate, housing, mortgage rates

Oct
10

2018 Fall Newsletter

CSS News - Posted by Maura A. Snabes, Esq., CES®, CLTP - Sr. Underwriting & Compliance Counsel
What’s New: I have just returned from my annual Federation of Exchange Accommodators 1031 conference. The conference had a lot of daily transactional...
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Jul
7

Summer Newsletter

CSS News - Posted by Maura A. Snabes, Esq., CES®, CLTP - Sr. Underwriting & Compliance Counsel
What's New! We are in the middle of the “dog days” of summer, which is our busiest time in Northern Michigan. Real estate is moving, and that is good...
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Mar
3

Spring Newsletter

CSS News - Posted by Maura A. Snabes, Esq., CES®, CLTP - Sr. Underwriting & Compliance Counsel
What's New! CSS was recently awarded its 4th consecutive Circle of Excellence Award from Fidelity National Title Group, one of the agency’s...
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Dec
12

Winter News

CSS News - Posted by Maura A. Snabes, Esq., CES®, CLTP - Sr. Underwriting & Compliance Counsel
We at CSS want to wish you Happy Holidays to you and a safe, healthy and prosperous 2018! TAX REFORM. I think the item that is first and foremost on...
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Oct
10

2017 Fall Newsletter

CSS News - Posted by admin
What’s New: 1031 Exchange update: While likely that there will be extensions for both Texas and Florida exchangors relative to the recent hurricanes,...
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Jul
7

Attorney Mike Rossman joins CSS as Corporate Counsel

CSS News - Posted by admin
TRAVERSE CITY, Michigan, July 20, 2017—Corporate Settlement Solutions (CSS) is pleased to announce attorney Mike Rossman has joined their...
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Mar
3

2017 Spring Newsletter

CSS News - Posted by admin
“Making You Look Good is Our #1 Priority ” What’s New: Abolishment of Dower in Michigan
Continue Reading
Jan
1

Governor Signs Legislation that Eliminates Dower in the State of Michigan

Real Estate Trends - Posted by admin
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...
Continue Reading
Dec
12

2017 Real Estate Industry Predictions

Real Estate Trends - Posted by admin
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...
Continue Reading
Dec
12

2016 Winter Newsletter

CSS News - Posted by admin
“Making You Look Good is Our #1 Priority ” What’s New: We at CSS want to thank you for your continued support and wish you a Happy New Year!
Continue Reading
Oct
10

Understanding The Benefits of Going Digital

Real Estate Trends - Posted by admin
Whether you have started the transition to a full electronic mortgage (eMortgage) process or not, it is important to understand the process and the...
Continue Reading
Oct
10

2016 Fall Newsletter

CSS News - Posted by admin
“Making You Look Good is Our #1 Priority ” What’s New: CSS Implements DocMagic’s Total eClose Solution
Continue Reading

RECENT NEWS & INSIGHTS

Oct 1, 2018 by Maura
What’s New: I have just returned from my annual Federation of Exchange Accommodators 1031 conference. The conference had a lot of daily transactional...
Continue Reading
Jul 23, 2018 by Maura
What's New! We are in the middle of the “dog days” of summer, which is our busiest time in Northern Michigan. Real estate is moving, and that is good...
Continue Reading
Spring Newsletter
Mar 28, 2018 by Maura
What's New! CSS was recently awarded its 4th consecutive Circle of Excellence Award from Fidelity National Title Group, one of the agency’s...
Continue Reading
Dec 15, 2017 by Maura
We at CSS want to wish you Happy Holidays to you and a safe, healthy and prosperous 2018! TAX REFORM. I think the item that is first and foremost on...
Continue Reading
Oct 9, 2017 by admin
What’s New: 1031 Exchange update: While likely that there will be extensions for both Texas and Florida exchangors relative to the recent hurricanes,...
Continue Reading
Jul 20, 2017 by admin
TRAVERSE CITY, Michigan, July 20, 2017—Corporate Settlement Solutions (CSS) is pleased to announce attorney Mike Rossman has joined their...
Continue Reading
Mar 31, 2017 by admin
“Making You Look Good is Our #1 Priority ” What’s New: Abolishment of Dower in Michigan
Continue Reading
Jan 6, 2017 by admin
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...
Continue Reading
Dec 28, 2016 by admin
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...
Continue Reading
Dec 27, 2016 by admin
“Making You Look Good is Our #1 Priority ” What’s New: We at CSS want to thank you for your continued support and wish you a Happy New Year!
Continue Reading
Oct 25, 2016 by admin
Whether you have started the transition to a full electronic mortgage (eMortgage) process or not, it is important to understand the process and the...
Continue Reading
Oct 11, 2016 by admin
“Making You Look Good is Our #1 Priority ” What’s New: CSS Implements DocMagic’s Total eClose Solution
Continue Reading
Sep 29, 2016 by admin
Fully TRID-compliant solution delivers superior service and a competitive advantage
Continue Reading
Sep 21, 2016 by admin
We were recently advised by our title insurance underwriter that the State of Michigan had revamped its procedures relative to the processing of...
Continue Reading
Aug 22, 2016 by admin
Despite the existing hurdles to digital or “eMortgages” highlighted in this article (Industry throws wet blanket on the digital mortgage revolution),...
Continue Reading
Jun 30, 2016 by admin
“Making You Look Good is Our #1 Priority ” What’s New: National Homeownership Month! According to the American Land Title Association (ALTA), June is...
Continue Reading
Jun 27, 2016 by admin
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...
Continue Reading
May 18, 2016 by admin
Corporate Settlement Solutions, a provider of real estate settlement services to regional lenders throughout the eastern half of the US, announced...
Continue Reading
Mar 14, 2016 by admin
“Making You Look Good is Our #1 Priority ” What’s New: The year 2016 marks the 95th anniversary of like-kind exchanges and the 25th anniversary of...
Continue Reading
Feb 25, 2016 by admin
For the week ending February 19th, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey that mortgage applications...
Continue Reading
Feb 2, 2016 by admin
For 2016, the Mortgage Bankers Association (MBA) is projecting a $511 billion growth for originations of commercial and multifamily mortgages. This...
Continue Reading
Jan 21, 2016 by admin
If you have ever gone through the home closing process, you know that it doesn’t always run as smooth as expected. In an ideal world, the homebuyer...
Continue Reading
Dec 22, 2015 by admin
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...
Continue Reading
Dec 22, 2015 by admin
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...
Continue Reading
Sep 22, 2015 by admin
October 3rd is just around the corner and we are happy to share that our title quote app is ready for the change.
Continue Reading
Jul 22, 2015 by admin
The Consumer Financial Protection Bureau (CFPB) today issued a final rule moving the effective date of the Know Before You Owe mortgage disclosure...
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Jul 7, 2015 by admin
For some families, buying a home has been delayed due to the recent recession. As the economy turns around there are more opportunities for people to...
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Jun 16, 2015 by admin
I was fortunate enough to have be an attendee at the 2015 National Settlement Services Summit in Atlanta Georgia last week. It was an awesome...
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Jun 8, 2015 by admin
With new low down payment loan programs being introduced, you are seeing more and more first time homebuyers making a purchase. Because of this, the...
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Mar 26, 2015 by admin
The article below outlines the importance of educating the buyer and seller on the closing process and the costs involved. The survey shows that...
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