The Pennsylvania Insurance Department has approved a rate increase achieved by an increase to certain endorsement charges.

Database files Version 4.2       Version 5.3

In addition to the above-mentioned endorsement rate increases, the DOI has also approved the deletion of Section 5.9I, which prohibited postponement of issuance of an owner's policy when issuing an enhanced coverage Homeowner's Policy of Title Insurance. As such, "holding open" such a policy will now be permitted.

New Affidavits relating to the closures of the recorders offices

   Affidavit of Recorders Closed - Sale

   Affidavit of Recorders Closed - Financing

   Affidavit of Recorders Closed - Searching - Natural Person

   Affidavit of Recorders Closed - Searching - Artificial Person

Word Perfect Forms

Word Forms

TIRBOP 1252 (Owner and/or Loan) ALTA 19.2-06 - Contiguity - Specified Parcels
$100.00

TIRBOP 1316 (Loan) - ALTA 28.2-06 - Encroachments - Boundaries and Easements - Described Improvements
10%, calculated in accordance with Section 5.2 of the Manual, unless it is issued with TIRBOP 1030 or TIRBOP 1034 in which case the Charge will be $500.00

TIRBOP 1317 (Owner) - ALTA 28.2-06 - Encroachments - Boundaries and Easements - Described Improvements
20%, calculated in accordance with Section 5.2 of the Manual, unless it is issued with TIRBOP 1031, TIRBOP 1032 or TIRBOP 1035 in which case the charge will be 5%, calculated in accordance with Section 5.2 of the Manual, with a minimum Charge of $75.00

TIRBOP 1611 (Owner's and Loan) - ALTA 23.1-06 - Co-Insurance-Multiple Policies
no charge for the issuance of this endorsement

Title Innovations has been producing live Closing Disclosure Forms since October 6.

Title Innovations can deal with all of your lender requests.

Tired of promises that software vendors do not deliver on? Call John Granger at 610-929-5154

The first laptop out of the office settlement on the hood of a car at a lot was done in 1984.

Title Innovations has automated bank reconcilliations since 1988.

Online title insurance rate calculators since 1997 and GFE calculators since 2006.

Title Innovations is a Windows program that can be operated directly from the keyboard without a mouse.

Why slow down your fast typists by requiring them to constantly leave the keyboard to find a mouse?

Title Innovations automates order processing including the search request, thank you letters for the order, tax search requests, payoff requests, survey requests and any other file opening documents via printouts, e-mails or faxes one one screen with with only a few keystrokes.

Groups of documents for any other part of the order process are similarly automated.

Document production for Commitments, deeds, Policies, etc. can be generated with a few keystrokes.

Title Innovations is the fastest program to complete a settlement and disbursement.

Title Innovations and Title Advantage have virtually eliminated the policy department. Separating the Commitment Schedule B1 into all items that will be removed and Schedule B2 into all items that will stay, allows the Policy Schedule B to be prepared with the Commitment. Then the settlement clerk generates Schedule A and with a jacket returns the policy with the mortgage package. In areas without instant electronic recording, either instant policies or with the gap coverage in the 2006 policies, policies are generated as a part of the settlement cleanup. Owner's policies are just as quick.

Introducing Versions 4.1 and 5.1 with support for:

• Closing Disclosure Forms
• ALTA Settlement Statements

• Title Innovations has Best Practices built in to help with the recordkeeping and reporting required under Best Practices.
  • Best Practices - Training, Actions and Issues Log
  • Complaints
  • Employees - Employees, Background, Credit Checks, Licensing
  • Recording - Implemented in Title Innovations Order database

• Positive Pay - You send the bank a list of checks that you want the bank to pay.   Some banks even take this to the teller level where if someone presents a check to be paid in cash that the teller knows if it is valid.

• Reverse Positive Pay - The bank sends you a daily bank statement before the bank pays checks for you to verify that the checks the bank is about to pay are correct.   Some banks call this Positive Pay.

• New Pennsylvania First American Owner's Affidavit - July 6, 2015  Word forms, Word Perfect forms

• New Pennsylvania Endorsements - April 1, 2015  Descriptions, Word forms, Word Perfect forms, Database files

• New First American Owner's Affidavit  Word forms, Word Perfect forms

• New First American Power of Attorney wording - January 1, 2015  Word Perfect, Word

• New Pennsylvania Endorsements - July 1, 2014
  Descriptions, July 1, 2014 changes,
  Word Perfect forms, Word Perfect forms - First American specific,
  Word forms, Word forms - First American specific,
  Database files

• First American Commitment and Policy changes - July 1, 2014 - Word Perfect, Word

• New Old Republic Pennsylvania Affidavits - February 2014 WordPerfect, Word

• New First American Commitment and Policy Schedule B wording
  • First American Commitment
  • First American Policy
  • First American Commitment and Policy wording changes - Word Perfect, Word
  • Everything in one Zip file

• Native Windows 8 support

• New rates for New Jersey effective September 1, 2013

• New Pennsylvania Endorsements effective April 1, 2013

Best Practices appears to have catostrophic penalties for minor failures. So like it or not, we are stuck with it.

Best Practices can be broken down into four areas.

• Things that you already do
• Things that you should do - good ideas
• New paperwork - copies of licenses, credit and background checks, lists of what you have done to comply
• Things that might have some value - clean desk policy, etc.

I have a complete Best Practices Manual available that is customizable to title agencies of various sizes. I even have a checklist that shows where every requirement is met.

A complete Best Practices Manual is not a five minute solution. My current Best Practices Manual is over 40 pages and that is before you add all of the photocopies to the appendix's.

I have created databases to help with the recordkeeping and reporting required under Best Practices.

• Best Practices - Training, Actions and Issues Log
• Complaints
• Employees - Employees, Background, Credit Checks, Licensing
• Recording - Implemented in Title Innovations Order database

Title Innovations™ - Sample Privacy Policy

Call me to schedule creating a Best Practices Manual for your agency.

CFPB

The CFPB Settlement Sheet replaces the current three page HUD-1, GFE and TIL in a five page Settlement Sheet.

CFPB Final Rule (Effective October 5, 2015)

1. The rule
   1. New Closing Disclosure form which replaces the current HUD1
   2. Final rule submitted to the Federal Register - November 20, 2013
2. Detailed summary of compliance-related information
3. What this means for consumers - consumer summary
4. Proposals

   ALTA Best Practices Page

   ALTA Consumer Financial Protection Bureau Page