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November 2018
Title Notes E-News

Stay connected with us:  
November and December Holiday Schedules

Bankers Title will be closed on:
  • Thursday, November 22nd and Friday, November 23rd
  • Monday, December 24th and Tuesday, December 25th
Circuit Courts will be closed on:
  • Monday, November 12th for Veteran's Day
  • Wednesday, November 21st at Noon with recording hours restricted to 8 a.m. to 11 a.m.
  • Thursday, November 22nd and Friday, November 23rd
  • Monday, December 24th and Tuesday, December 25th
It's Not Fear That Gets In The Way of Daring Leadership.
It's Our Armor.
by Brene Brown

What, if anything, about the way people are leading today needs to change in order for leaders to be successful in a complex, rapidly changing environment where we're faced with seemingly intractable challenges and an insatiable demand for innovation?  We need braver leaders and more courageous cultures.  Click HERE to learn more.
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Here are additional articles related to Professional Development &  Leadership you may enjoy: 
New Additions to the Bankers Title Team
 
Carol Butler - Director of Business Development 
Carol accepted the position with Bankers Title as Director of Business Development in August 2018. She has been in the title and escrow business since 1993, and in 2011 became the sole owner of Pembroke Title. In 2018, her company was awarded Best in Business, Best Title Company in Tidewater . Carol provides the 16-hour pre-licensing class for the Virginia Title Agent exam through Shipman and Butler Consulting, LLC.  She has also provided training and consulting to attorneys, real estate agents, and title agents.  
 
Being a Tidewater native, she has many affiliations in the area. She is associated with the Downtown Norfolk Council, Virginia Beach Agency on Aging, is a board member for the American Diabetes Association, and a member of  Champagne , an all-girl band.  Carol holds distinctions of  VLTA's 1st Title Idol  and the first  Distinguished Member  award. Carol, a black belt in karate, lives in Downtown Norfolk.
 
Julie Krupnick - Settlement Processor  
Julie joined Bankers Title in 2018 after being employed by Pembroke Title, LLC as their Office Manager and more recently as an underwriter. Julie's background in office management and title work has afforded her the skills necessary to step into the position of Settlement Processor with Bankers Title.   
 
She lives in Virginia Beach, Virginia with her husband, Tom. She enjoys volunteering with the American Diabetes Association and has participated in several diabetes trials through the University of Virginia. When she is not volunteering, Julie enjoys travel, working out at 9 Round Fitness and other healthy lifestyle activities with Tom. 
 

Rolling With the Dodd-Frank Rollback
by Patrick Sanders
 
With the Dodd-Frank load lightened, expect small and regional banks to provide more loans in their communities-helping not only the banks' bottom lines but also the communities that they serve.

"I expect the banks in existence today will continue to grow in asset size," says David Christiansen, EVP and CCO at Patriot Bank. "They should strengthen in terms of safety and soundness. I don't anticipate that just because Dodd-Frank is rolled back that regulators will dramatically change their safety and soundness standards. So I think the overall industry is poised to strengthen."   Click HERE to learn more.
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Bankers Title 2019 Desk Calendars Have Arrived!

 

Limited Supply Available. 

 

Click HERE to Reserve Yours Now!
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7 Coffee Facts You Need To Know Now
  1. It can make everyone you work with so much more appealing
  2. The ideal time to drink coffee is actually four hours after you wake up
  3. It will extend your lifespan
  4. It won't dehydrate you
  5. It can help you lose weight
  6. It helps with memory
  7. It can fend off diseases
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Here are additional interesting articles you may enjoy:
Hundreds of Mortgage Execs Ask CFPB to Change LO Pay Rules
by Ben Lane
 
To address the issues with the LO Comp rule, the execs lay out three changes to the rule they'd like to see enacted.
  • First, the execs suggest that loan officers should be allowed to voluntarily reduce their compensation to allow them to compete more fairly in the market.
  • Second, the group want to be able to reduce loan originator compensation when the LO makes an error in the loan process.
  • Lastly, the group wants to be able to pay varying compensation on loans made under Housing Finance Agency programs. Click HERE to learn more.
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Rethinking Compensation Incentives Crucial For The Banking Industry
from Banking Exchange
 
Researchers have challenged conventional wisdom on how to motivate workers and seem to have proven that increased compensation opportunities based on traditional incentive programs can not only be ineffective but can actually be detrimental to worker performance.
 
In motivating different people at your bank, think through the bank's objectives and match the compensation system. Identify what motivates certain individuals, and design jobs and compensation programs to bring out not only good production, but also good behavior. Click HERE to learn more.
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Here are additional articles related to Banking Leadership you may enjoy: 
Title Search vs. Title Policy ... 
Do you know the differences?

Relationship: Both of these products are the result of a search or examination of the "title" to the property evidenced by the public records and/or a survey and inspection of the property.

A title search is a process that a title company goes through to see if there are any encumbrances on the property. Once the title company goes through the search, it can then offer an insurance policy to the buyer of the property. This policy helps insure their rights to the property. Click HERE to get all the details.
For your convenience, please click HERE to utilize our online rate calculator to get a quote.

 

**Remember to offer your borrowers Owner's Coverage on their most valuable investment. It's a one time premium with a lifetime of security. In addition, they will receive a reduced premium rate when they obtain it simultaneously with your Lender's Coverage.**
WANTED: YOUR FEEDBACK
What Topics Are On Your Mind?

Bankers Title wants to provide you with pertinent information in future E-Blasts and Webinars. What questions are on your mind regarding the real estate and mortgage lending industry? What Hot Topics would you like to receive greater insights and clarity? Send Robyn your thoughts.
Past issues of the Bankers Title E-news are archived on our website HERE
Robyn Parker
Vice President
Bankers Title, LLC
9011 Arboretum Parkway, Suite 110
Richmond, VA 23236
Phone  (800) 830-1414
Fax  (804)-560-7202
 

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Integrity. Security. Excellence.   Since 1994, we have provided market-leading title insurance and settlement solutions with uncompromising commitment to integrity, financial stability, and excellence in all that we do.