Industry News

ALTA’s Board of Governors on Sept. 19 approved final revisions to the association’s Title Insurance and Settlement Company Best Practices and the Best Practices Assessment Procedures. Read on to learn more.

Industry News

As TRID’s one-year anniversary approaches, Wells Fargo addressed procedures, a few changes and expectations in its quarter settlement agent newsletter. The headline is that Wells now will require a copy of the seller CD be provided to the Wells Fargo closer along with other “prior to disbursement” documents specified in the closing instructions. The newsletter follows in its entirety.

Conference Coverage

The first day at the Association for Title Information Management (ATIM) Conference has generated a lot of discussion.

Among the initial conversations were topics of blockchain technology and the continued use of title plants.

The Title Report has updates from Santa Fe, N.M., and will provide full coverage in the coming weeks. Read on for details of what’s taking place at the show.

Technology

The GSEs, Fannie Mae and Freddie Mac are working together to improve the lending industry’s ability to originate and deliver eMortgages and eClosings. A recent report, “eMortgages: Joint GSE eMortgage Outreach Survey Findings on the State of Industry Adoption,” asked 130 industry stakeholders, including lenders, technology solution providers, warehouse banks, servicers and title and settlement providers about their perceived obstacles/barriers to broader industry adoption of eMortgages. Read on to learn more.

Cyberawareness, Governmental Affairs

New York Gov. Andrew M. Cuomo announced a new proposed regulation to protect New York from the ever-growing threat of cyberattacks. Keep reading to learn more.

Industry News

One of the largest Stewart stockholders, Foundation Asset Management, LP, is seeking support of 25 percent of the company’s stockholders, to call a special meeting in order to remove Vice Chairmen of the Board Malcom S. Morris and Stewart Morris Jr. from the board of directors. If passed, future directors would be elected solely by stockholders. Read on to learn more about this proposal.