Purcell: Cybersecurity efforts can be tricky to navigate
Fraud Watch, Technology
As Congress is looking into efforts to address cybersecurity issues, Corporate Privacy Group CEO Richard Purcell told The Title Report any regulations need to be carefully considered. Read on to find out some of the potential stumbling blocks in creating cybersecurity protections.
Attracting business to affiliated title companies
Long and Foster Settlement Services President Mike Maddiex and Howard Hanna Mortgage Services President Mark Steele spoke at the RESPRO 2015 Annual Conference, attended by October Research, LLC. Their presentation, “If You Build It, Will They Come? How To Increase Your Mortgage Capture Rate” addressed how affiliated title insurance agencies can grow their business. Read on to learn more.
Looking forward on federal financial data breach standards
Fraud Watch, Governmental Affairs
A panel of industry experts addressed a recent House Financial Services Committee meeting to offer their suggestions on crafting federal standards for financial data breaches. The panel of business and consumer advocates found much common ground in their suggestions. Read on for a look at how federal standards might be shaped.
Financial Services Committee talks TRID
Governmental Affairs, The Road to Aug. 1
Industry professionals testified in front of the Committee on Financial Services heard testimony from industry professionals at the “TILA-RESPA Integrated Disclosure: Examining the Cost and Benefits of Changes to the Real Estate Settlement Process” hearing. Many asked for a hold-harmless period through the end of the year. Keep reading to learn more.
Simplifile creates new collaboration tool for agents, lenders
Simplifile is mostly known for eRecording but it now is piloting a new service for lenders and closing/settlement agents called Simplifile Collaboration. Vice President of Strategic Planning Nancy Alley told The Title Report she is excited about the new product and looks forward to offering it to the public later this month. Read on to learn more.
Chase announces new process for settlement agents
Industry News, The Road to Aug. 1
Chase Mortgage National Closing Control sent a memo to its title providers and settlement attorneys regarding the CFPB’s integrated Closing Disclosure Form and the new rules set to take effect Aug. 1. Read on to learn their new process.