First Title Knowledge
Title Industry KnowledgeThe title knowledge tree is different from the giving tree in the fact that it does the opposite – it retains. Navigating the ins and outs of the title industry can be a lengthy, and often confusing. Title knowledge isn’t something that can be gifted or bought, it’s a practiced learning of information. Complex information, which may drive you to conduct various search engine queries that will hopefully break down the industry jargon and work-flow processes. At First Title, we want to do what we can to educate our clients and visitors on all aspects of the title process – from obtaining the closing quote to post-closing. Scroll through the Title Knowledge menus to obtain a brief synopsis of the given topic. Contact us with any questions or title knowledge you wish to obtain! *Note: Please check back weekly for additional content.
NEW! CFPB 3 minute video: What does the TRID rule mean to your customers?
Starting August 1, 2015, the new Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure (TRID) rule regulations will impact quoting title insurance and settlement fees, delivery of the new Closing Disclosure, collaboration between lenders and title companies, and the title company’s settlement statement. Watch this short, but informative three-minute video to learn more about TRID, specifically how the HUD-1 and Truth-in-Lending Disclosure for most closed end residential loans are going away, the new rules about when these forms must be delivered and what this will mean for your REALTOR® customers. Watch 3 minute video today and learn about the new rule!