Claims, ALTA Risk Codes and Lessons from the Great Recession

By Skip Sacks, Virginia State Counsel Stewart Title Guaranty Company Our story begins in the spring of 2011. I was reviewing Stewart Title Guaranty Company’s Virginia claims totals for 2010 and it was clear that the recession was causing a huge increase in claims volume and losses. My colleagues at competing underwriters confirmed that they … Continue reading Claims, ALTA Risk Codes and Lessons from the Great Recession

How to last in the title industry – How to run a title agency that endures

By Colleen Taylor I came into the title industry as many do – by happenstance. I started out as a mortgage loan officer for a small community owned bank in another state. I moved to Virginia for love and put my resume out to local title companies because, hey, those nice guys from Ticor used … Continue reading How to last in the title industry – How to run a title agency that endures

TSA Close-Out Requirements

Licensed title insurance agents and agencies who are RESA registered (“TSAs”) have certain responsibilities when ceasing business operations.  These responsibilities include, but are not limited to: notifying the Bureau of Insurance prior to closing, handling escrow funds in a fiduciary manner, and filing a close-out audit with the Bureau.  Sixty days prior to closing shop, … Continue reading TSA Close-Out Requirements

Win BIG! Title Quiz

Take the quiz below & enter a comment - four lucky people will win a $25 coupon for VLTA's upcoming Annual Convention (applicable to current and future registrations for the 2018 Annual Convention only). Special thanks to VLTA Past President Glenda Brooks for writing this month's Title Quiz!