It has been a long day. After your calls to your title insurer’s underwriting counsel, your E&O carrier’s agent and your lawyer, you pulled together your file and retraced your steps. With 20/20 hindsight, it has become clear that you may have made a couple mistakes…… Your first question had been “Why us?” After all, … Continue reading Anatomy of A Claim – Part 2
The Future of VLTA with 2019/2020 President, Megan Meloon
I had a chance to sit down with Megan Meloon at the VLTA Annual Convention right before she took over as President of VLTA. Megan and I discussed her upcoming term and some of her goals for 2020. One of the first things we talked about is how she is approaching her term in office. … Continue reading The Future of VLTA with 2019/2020 President, Megan Meloon
Protecting Your Investment: Pros and Cons of Non-compete Agreements
In today’s highly competitive market, losing employees to competitors can be costly both in terms of the time and money invested in the employee and in the loss of customer revenue when customers follow the employee to their new employer. The dilemma of how to protect against such losses is frequently addressed through the use … Continue reading Protecting Your Investment: Pros and Cons of Non-compete Agreements
The Missing Link – Training Your Employees
It is well known that the title industry is under attack. Many agents are scrambling to keep up with the ever-changing landscape of protecting their finances, business and client data. One key component to reducing risk to your business is training employees on the daily security risks they encounter. Although maintaining a properly secure and … Continue reading The Missing Link – Training Your Employees
Title Examination Roadblocks – What To Do?
Title Examination is a lot like a puzzle. In order to see the big picture, one must first determine the order in which to place the pieces. The process of searching a title is a specific and detailed process. To be a good title examiner, it requires great attention to detail. Title examiners are taught … Continue reading Title Examination Roadblocks – What To Do?
Anatomy of A Claim
[Queue the Dragnet theme The story you are about to read is true – only the names…and amounts…and addresses…and… you get the picture... have been changed to protect the insureds….] This is your lucky day. Just yesterday you questioned your decision to leave OCD Title, with its endless checklists and procedures (intake, title order, examination, … Continue reading Anatomy of A Claim
A Brief Review of the Virginia Mutual Indemnity Treaty
The title industry in Virginia has had a mutual indemnity treaty in place since the fall of 2015. This agreement among title underwriters eases the burden of title insurance agents to clear enumerated title objections, for insurance purposes only, by providing an alternative to letters of indemnity. The purpose of the agreement is stated in its introductory … Continue reading A Brief Review of the Virginia Mutual Indemnity Treaty