Posts Tagged ‘title insurance’

Jeff Stein

Jeff Stein delivers presentation to Florida Agency Network

Alliant National’s Jeff Stein and Mark Szenas recently presented at the 2018 Florida Agency Network Staff Seminar in Tampa, Florida.

Because we don’t compete with our agents, “ZERO is the number of direct operations or agencies owned by ANTIC in the entire nation,” said Jeff Stein, Alliant National Southeast Regional Counsel and Senior Vice President.

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Alliant National’s Michael Rubin, NTP accepted into Forbes Business Development Council

Criteria for acceptance include track record of successfully impacting business growth metrics, personal achievements

LONGMONT, Colo. – Michael Rubin, NTP, vice president of business development for Alliant National Title Insurance Company (Alliant National), was recently accepted into Forbes Business Development Council, an invitation-only community for senior-level sales and business development executives.

Rubin was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“We are honored to welcome Michael Rubin into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Business Development Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

As an accepted member of the Council, Rubin will connect and collaborate with other respected local leaders in a private forum. He will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

“I’m extremely excited to be selected to the Forbes Business Development Council” said Rubin. “This is an outstanding opportunity to work with other business development and sales executives. I believe that my position on the Forbes Business Development Council will allow Alliant National to better serve our Independent Agent partners by providing new insights into our ever changing business landscape.”.

Visit alliantnational.com/newsroom for additional information.

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About Alliant National Title Insurance Company

The Independent Underwriter for The Independent Agent®, Alliant National believes in putting other people first. The company protects the dreams of property owners with secure title insurance and partners with 450+ trusted independent title agents as a licensed underwriter in 24 states and the District of Columbia, with annual revenues exceeding $120 million. Visit alliantnational.com/newsroom for additional information.

protect funds

Easy step to help prevent wire fraud

Matching the payee name on wire transfer with name on payee’s destination bank account can help prevent wire fraud

Wire fraud is a HUGE problem that only keeps getting bigger and bigger.

In fact, U.S. Representative Randy Hultgren (R-III) wrote a letter to Fed Chairman Jerome Powell on June 29th urging the Fed to be more proactive in regard to wire fraud and real estate transactions.

The letter referenced the United Kingdom’s system of matching payees’ names as a possible solution to the problem of wire fraud. However, we don’t have to wait until a federal law is passed that orders banks to match the payee name on the wire transfer payment to name on the payee’s destination bank account (“Beneficiary Bank”).

As title and escrow agents, we can be proactive and in partnership with the banks with which we do business.

So what can we do right now?

We can know what our Bank Agreement says with our escrow account bank (the “Receiving Bank”).

Does the Bank Agreement say that the Receiving Bank will check the payee’s name with the name on the destination account when a wire fund transfer is initiated?

Or, does it say that the Receiving Bank need only rely upon the account number it was provided in the wiring instructions order?

The answers to these questions might lead to an opportunity to have a discussion with your partnering Receiving Bank.

We can send the wire instructions on the payment order, with explicit directions that acceptance be restricted to match the designated payee’s name on the Beneficiary Bank account. If it doesn’t match, then do not send the funds.

Lastly, if something does go wrong despite our best efforts and precautions, then notify both the Beneficiary Bank and the Receiving Bank as soon as possible.

Typically, banks require notification of an unauthorized transfer or error within a defined time period such as, for example, 30 or 60 days.

Aside from any contractual or legal requirement for early notification, the sooner the problem is communicated, the greater the odds of the bank being able to halt or pull back the wire funds transfer. For a great explanation of how a wire fund transfer works behind the scenes, view “Funds Transfer Law and Unauthorized Payment Liability.”

Know This Real Estate Document Trio: The Deed, The Note + The Mortgage

Real estate professionals are expected to have a lot of information under their belts (and in their heads) to help their clients.

There is there so much new information coming out all the time and keeping that all in our straight can be exhausting and confusing.

Sometimes the things we know best get shoved into that corner of our brains where I’m sure all the unmatched socks go – which is why it is helpful to have a quick refresher on the things we talk to our clients about every day. (Because they often ask, and we don’t want to admit we’ve forgotten!)

Three basic instruments are involved in most financed residential real estate transactions, and knowing which is which and how they relate to each will be very valuable knowledge to provide to your clients.

4 ways to manage your title agency's digital reputation

While the millennial generation is now the largest homebuying cohort, they aren’t the only ones who Google everything. We all like to know as much as we can about who we’re doing business with, and we all tend to rely on the opinions of others (our friends, or even online reviews by strangers) to help us make the best decisions.

As a title agency owner, it’s important to put yourself into the shoes of a prospective customer so you can provide the information they are seeking when they perform a Google search – as well or better than your competitors.

For homebuyers and sellers, a real estate transaction is likely an uncommon experience and they may be feeling anxious about exchanging such large sums of money. If the customer is a lender, there are always concerns of tolerance violations. And if the customer is a Realtor, settlement delays or other customer service issues may be a top concern.

Online reviews are a window into your title business. Studies show consumers are more likely to contact a business if it has a 5-star rating, and improving your title agency’s star rating from 3 stars to 5 stars, for example, can yield as many as 25% more clicks to your business profile.

Your title agency’s online reputation may be the deciding factor between whether a prospective customer reaches out to your business or contacts the competitor down the street. In today’s world, managing your business’s online reputation is essential – here are four platforms that should top your priority list.

Yelp

With more than 123 million reviews to date, Yelp is no longer just a place for reviews of the new sushi restaurant that opened down the street. Realtors discovered the benefits of having a Yelp presence years ago, and now other professionals involved in the real estate transaction are jumping aboard the Yelp bandwagon.

Google

The search engine behemoth holds roughly 75% of the Internet search market, and it’s no coincidence that Google reviews are one of the first things to pop up when a prospective customer Googles your title agency. Google reviews appear not only in Web search, but also Maps search.

Facebook

With nearly 2 billion users worldwide, Facebook is the largest social network on the planet. Users spend an average of 15 minutes on the site, which means you have ample opportunities to connect with your target audience in a forum where they interact almost daily once you’ve claimed your title business’s Facebook page.

Angie’s List

Many title insurance businesses overlook Angie’s List, which means there’s less competition for visibility on the platform (for now). People who pay for an Angie’s List subscription are more likely to be in immediate need of the services. While the quantity of leads may be fewer, the quality is as good or better than other review sites.]]>

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