March 2024

Title Notes E-news

3 Types of Overthinking -- And How to Overcome Them

by Melody Wilding, Harvard Business Review


There’s no shortage of situations to overthink in today’s work world. Whether it’s fretting over the implications of a new market trend, agonizing about the tone of an email to a major client, or losing sleep over an employee’s reaction to feedback, the opportunities for leaders to get trapped in their own heads are endless. Many people look at overthinking as a monolith, when in fact there are three different types: rumination, future tripping, and overanalyzing. In this article, the author offers guidance on how to spot and handle each of the three types of overthinking. Clear HERE to learn more.

Is the Pursuit of Happiness Making Us Miserable?
The Love Languages at Work: The 5 Languages of Appreciation

ANNOUNCING NEW QUOTE CALCULATOR!

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Why is Fannie Mae Optimistic About a Housing Market Recovery?

by Connie Kim


The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. Recent data shows that the economy is booming, while the Federal Reserve is signaling that it will take its time before cutting benchmark interest rates. Fannie Mae, however, remains optimistic that housing market activity will pick up as existing home sales and new single-family housing starts are expected to grow modestly in 2024. Click HERE to read on.

4 Success Strategies for Mortgage Originators to Thrive in 2024
Banks Report Tightened Lending Standards for Nearly All Residential Mortgages

What To Say Instead of "I'm Sorry"

by Lisa Sun

 

Researchers have found that women apologize significantly more than men, and I believe women apologize too often. Many of us apologize out of habit, but unfortunately it hurts how we are perceived and diminishes our power. How many times do women say “sorry” as a default response, whether or not they’ve done anything wrong? Lisa Sun reports that there are three types of apologies that women fall into when we find ourselves in uncomfortable situations. She has also found that there are ways to redirect apologetic responses to make them more productive. Click HERE for the kinds of apologies women often offer—and what to say instead. 

The Restorative Power of Small Habits
How to Network Better So Your Business Can Thrive

Community Financial Institutions: Going Beyond Being Friendly

by Jim Marous, The Financial Brand



Community banks, deeply rooted in their local domains, have played a pivotal role in supporting the financial needs of individuals, small businesses, and local economies. But the digitalization of the industry has altered the playing field. Looking forward, what are the unique advantages local financial institutions can bring to the table beyond ‘being friendly’? What are the challenges they face in competing with larger marketplace leaders? And what are the strategies management must adopt to ensure they remain future-ready. Click HERE to listen to the podcast with Jim Perry, Senior Strategist at Market Insights, Inc. to hear the discussion on how community banks can best co-exist in a marketplace that includes regional and national banks, tech companies, fintech firms and even non-financial players.

Community Banks Need a Social Media Reality Check

Happy Anniversary Christy Simmons!


Bankers Title is pleased to celebrate Christy Simmons 11th work anniversary this month!


Christy joined Bankers Title in 2013 as a Settlement Processor, handling all aspects of the settlement process. She has worked in the real estate industry since 2003, bringing a wealth of knowledge to her role. Prior to joining Bankers title Christy worked in loss mitigation and short sales for 11 years. She has completed the Real Estate Certificate courses with Thomas Nelson Community College, including Real Estate Law, Finance and Sales, and the Real Estate Agent licensing courses. Christy has a passion for home and interior design. In her spare time she enjoys being at the beach and spending time with her husband and kids.


Please join us in wishing Christy Happy Anniversary!

Brilliant Leaders Know: You Don't Have to Have All the Answers

by Lolly Daskal


Brilliant leaders recognize that having all the answers isn’t the key to success. Instead, they use inquiry and collaboration to discover insights and create effective solutions. Acknowledging their limitations and seeking others’ input, they nurture an atmosphere of growth, curiosity, and joint problem-solving. How do brilliant leaders maintain their curiosity and drive for success? Click HERE to learn how you can adopt key strategies.

5 Ways to Become an Effective Change Leader
Why Collaboration is Critical in Uncertain Times

U.S. Small Business Administration: Register Your Business



Your location and business structure determine how you’ll need to register your business. Determine those factors first, and registration becomes very straightforward. For most small businesses, registering your business is as simple as registering your business name with state and local governments. In some cases, you don’t need to register at all. If you conduct business as yourself using your legal name, you won’t need to register anywhere. But remember, if you don’t register your business, you could miss out on personal liability protection, legal benefits, and tax benefits. Visit the SBA website for more information.

Why It's time for Banks to Hire a Chief AI Officer -- and What That Looks Like

by Caroline Hroncich


Banks do have big plans for this technology — and tapping a chief AI officer may become more prevalent soon. Roughly 22% of leaders from banking and investment firms say they are currently implementing or already implementing generative AI, according to research from Gartner. About 22% are piloting use cases, and 30% are planning to actively implement the technology in the next six months. A leader whose sole focus is to implement and upskill staff on new AI technology and tools is needed at financial institutions right now, experts say. Click HERE to learn more.

5 Ways to Become an Effective Change Leader
Why Collaboration is Critical in Uncertain Times

For the Real Estate Practitioner

For The Real Estate Enthusiast

Seventeen Real Estate Charts That Reveal the Truth About the Housing Market
5 Design Tips to Steal From Hotels for a Cozier and More Inviting Home
Real Estate Farming: Become the Go-To Agent Using These Tips, Tools & Strategies
6 Kitchen Hardware Trends That Will Transform Your Space Without Renovating
Do This to Become Your Community's Top Agent
Ten Questions to Ask Potential Contractors to Ensure the Right Fit
7 Ways Real Estate Pros Can Keep More of Their Money
Check Out the Five Must-Have Features for a Small Kitchen
Help Your Agents Develop Habits of Top Professionals
Kitchen Trends to Watch for in 2024 - Here's What's Cooking

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Bankers Title Keeps You Safe From Wire Fraud with CertifID


Digital banking makes moving money easier for everyone — including cyber criminals, who are getting more cunning every day. Every wire transfer you send or receive is at risk. Yet many ask if wire fraud is really that serious? Wire transfers continue to be the most frequently reported payment method for fraud with a reported aggregate loss of $2.4 Billion and an average loss of $120k per victim. And, did you know that one out of every three real estate transactions are targeted for wire fraud?


At Virginia Title Center, we take the safety of your money and your client's money seriously and now offer wire fraud protection through a partnership with CertifID. This offers end-to-end protection to keep customer information secured and insured at all times through a suite of services. CertifID makes it easy for us to securely send our wire instructions to clients and lenders; allows us to safely collect bank details from home sellers and other partners; verifies the bank details that have been provided are accurate and not tampered with; and, offers PayoffProtect to validate the authenticity of wiring instructions to ensure loan payoff payments aren't sent to fraudsters. All wire transactions are backed by Lloyd's of London and insured up to $1 million. Click HERE for a flyer you can share with your clients, and talk to your settlement processor to learn how using CertifID can protect you and your clients.

CLICK HERE TO DOWNLOAD A PDF VERSION OF THIS FLYER

Robyn C. Parker
Vice President & Agency Manager
Bankers Title, LLC
9011 Arboretum Parkway
Richmond, VA 23236
Phone: 1.800.830.1414 | 804.560.7655
 
Integrity. Security. Excellence

Bankers Title is a full-service Title and Settlement Agency that is committed to integrity and transparency in each of our transactions. Our team is made up of the best in the business and we look forward to helping you make informed decisions about your home.

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