Category: Closing Procedures

May 16, 2016

Beware! Wire Fraud is at an All Time High.

You’ve done it!  You took a Buyer from shopping for a house, to a contract on a house, to the closing table and you couldn’t be more ecstatic for them.  Then… in total shock you find out your Buyers have wired thousands of dollars to a thief!  You discover the “I could never be a victim to wire fraud, it’d never happen to me” […]






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December 17, 2015

How can TRID Regulations affect your commissions?

It is important to remember that the new closing disclosure forms, created by the CFPB, are federal loan forms and these promulgated forms are used in all 50 states.  This allows for consistency when consumers are buying or selling real estate.  Since each state has their own set of regulations, regarding real estate, they may […]






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December 4, 2015

How are you going to see your figures for closing?

As we near the end of 2015 I think we should focus on one detail of the new Consumer Financial Protection Bureau (CFPB) regulations, which is the American Land Title Association (ALTA) Settlement Statement. For most residential transactions the ALTA Settlement Statement is a Realtor’s new best friend. This form is quickly becoming the golden […]






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November 17, 2015

Should you have coffee with your lender?

CFPB & TRID regulations are now upon us! As of October 3rd any loan applications submitted will fall under TRID (TILA RESPA Integrated Disclosures) regulations. If you have a lender that you refer business to Independence Title Co encourages you to have coffee or lunch with them to find out how your lender will be […]






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September 30, 2015

New Regulations Are Around The Corner

Are you unsure how to best prepare your clients for closing in light of the new rules set out by the Consumer Financial Protection Bureau(CFPB)? We’ve got you covered! Below are seven tips to help you and your client prepare for the changes effective October 3rd, 2015. Encourage your buyer to remit financial documents to the […]

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Our Online Calculators are Ready for the New Regulations

As many of you now know the implementation date for the new TILA RESPA Integrated Disclosures (TRID) regulations set out by the Consumer Financial Protection Bureau (CFPB) is October 3rd. Most residential transactions with a loan applications dated on or after October 3rd, 2015 will be affected by these new regulations. This summer we released […]

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August 25, 2015

Do You have Survey-a-phobia?

Anyone working in this industry for a few years has a scary survey story or two to tell. I heard one recently from a local REALTOR; she had what you might call a “challenging client,” who needed a good deal.  They finally found a house and although the contract negotiations were very tough, the buyer’s agent prevailed! […]

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September 10, 2013

Now who picks the title company?

This question returns as the hot topic of the day every few years, revived by changes in promulgated contracts and tweaks to federal and state regulations. Several respected legal minds have weighed in, and the details matter in getting from federal law to day-to-day business practice in Texas. The most common regulatory citation in this […]






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September 19, 2012

WIRED UP: Moving Money in Real Estate Transactions

The big moment in a real estate transaction is at the finish line, when all parties receive the benefits outlined in the contract. For the seller, the benefit may be proceeds from the sale, allowing them to buy another home, fund their retirement, or just close a chapter and move on. The benefit to the buyer is keys to the property, pride of homeownership, an investment for the future. From there, Realtors receive commissions, contractors are paid for their work on the property, etc.











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