If you Google “The Closing Specialists” or “Diane Cipa”, the link for this Post Gazette article will pop up. To my knowledge, Lawrence Walsh never did a follow-up piece. The claim was settled shortly after publication. Mr. Gruendl decided to accept the $650 offered by Al Watterson of Lawyers Title. A friend or acquaintance, after [...]
with his post, What, Some Good News?
It’s funny. We’re in the correction of the rankest most despicable, corrupt market I have ever had the pleasure of witnessing and the plethora of negative vibes is sometimes overwhelming but there near the bottom left of the Radical feed column was Alex and his little good vibe.
I [...]
blurb:
RISMEDIA, Jan. 16, 2008-In a fast-paced, technology-driven world, the time when a completely integrated Web-based transaction management system is the norm is fast approaching. The real estate industry, as with many industries, however, is full of individuals who aren’t quite ready to embrace a robust transaction management solution at this time. [...]
He understands. The big picture is becoming clearer and since Lenderama is just one more way to reach out there, I’ve got to link Brian’s post for you, here.
You must understand that the title industry, at the highest levels, has its eyes set on owning the point of sale. That means they want [...]
Read this, please:
Executive Director of the Center for Economic Justice Birney Birnbaum explains, “Reverse competition refers to a market structure in which title agents and title insurers market their products and services to real estate professionals who are in a position to steer the ultimate consumer – the consumer paying for [...]
Hey, the houses that played fast and loose are turned asunder but we’re still here, right?
I made a bet with my husband. We both agree that the credit markets have absorbed the blow and the expectations are already in the pricing.
I say buyers will move in and start picking up mortgage paper in the second [...]
I’ve been cheesed about this since last week.
Now, if you are a mortgage lender or broker out there in the world competing on service, rates, charm, cool web site, whatever, you need to know about this fellow. He’s young and he’s dangerous.
He owns a consumer facing web site that draws mortgage leads and it’s [...]
I spent many months of this last year or so defending title insurance as a product.
I need to refine that argument and defend title insurance as a product only when it is issued in combination with a full traditional title abstract and examination.
The need for this refinement would have seemed ludicrous just a few short [...]
I know all of this will be changing soon. NAMB certainly let the cat out of the bag with their sneak peek at the upcoming RESPA reform. Apparently we have a four page GFE coming, right?
Well, in the meantime, here’s my general GFE explanation. Because we advertise directly to the consumer, I often [...]
I know the audience here at Lenderama is mostly mortgage lenders, but I’m hoping there are a few Realtors reading, too.
Having a well trained pro start a transaction lays the foundation from which everyone else creates their product. Correct procedure at the start ensures a successful conclusion.
If the property is listed through a Realtor, then [...]
This is a post I ran on Title Insurance Talk last year. When Chris said his old boss made him learn the HUD line by line that reminded me of this lesson. Every closer on my staff has to learn to calculate the entire escrow section of a HUD manually and create their own initial [...]
I don’t know who put up the post for the nomination but this morning I followed a hit in statcounter on Radical back to Bloodhound.
Wow, cool, it’s been nominated for this little contest, so I tell my staff, hey vote for me. Then as peruse the morning forums, I post, Hey I need your vote, [...]
Until recently, I hadn’t thought about the practice of mortgage brokers acting as notary signing agents on their own transactions.
I know Lenderama is a mortgage lender facing blog. Is this a comom practice?
The difference is level of risk. The purchase of real estate is typically a family’s largest investment. If you are in a position to choose whether or not to buy an owners title insurance policy, you need to understand the difference between the products.
TITLE SEARCH: I’m not sure about other states, but in Pennsylvania, there [...]
While you all are busy chatting about “the plan”, I thought I throw some words up on the Uniform Closing Instructions.
Oh, I know the plan is big, but trust me when I say that the UCI will have a much more significant impact on your mortgage lending world.
If you took a peek at those UCI [...]
If you are in the business of mortgage lending, real estate sales, title insurance, or signing services, and you haven’t already done so, PLEASE do yourself a favor and read these three items:
Fitch Ratings US Residential Mortgage Special Report
UNIFORM GENERAL CLOSING INSTRUCTIONS
UNIFORM SPECIFIC CLOSING INSTRUCTIONS
This is the foundation for the restoration of credibility in mortgage [...]
I received an e-mail from a consumer asking for assistance. Read their note and then tell me what YOU think, okay?
“I am hopeful you are able to provide some direction.We just closed on a house in PA. Here’s a quick recap of the situation:Sellers needed to pay about $2500 [...]
What the hey? You say?
Yes, and I mean it.
Realtors, mortgage lenders, and title insurers earn commissions or other types of income from a transaction that are NOT simple fees for services rendered.
Realtors earn the largest percentage commission on a single transaction and so they risk all costs in exchange for the bigger payout if [...]
I am living in your parallel universe.
That’s how I see mortgage lending and title insurance. We are parallel worlds or universes moving along together with connected purpose but with functions intricate and detailed that are hardly discernible to each other.
Don’t laugh - well, ok, laugh - but it’s TRUE!
I was a mortgage lender for [...]
Hey, it’s nothing like the tsunamis we’ve seen but it’s a reasonably steady trickle. I don’t know about you, but I’ll take trickles any day. Trickles can mean survival in markets like this.
What’s happening? Prime people who were put into subprime crap by less than scrupulous lenders are moving into safe products.
So, anyway, this being [...]
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