For better viewing, please download images embedded in newsletter.

Title Notes E-News               West Virginia Bankers Title, LLC                  June 2016

Finding Your Formula For Leading Others
by Jeff Smith, Founder and CEO, Voltage Leadership Consulting

Congratulations:  you are a leader who sets the course for your organization.  Wow, that's fantastic, but do you feel that you are the only one who cares about the organization?  Why do others look like they are just doing a job?  Fear not!  We have ideas on how to provide a SPARK! for others to become more motivated and engaged in your organization.
S - See It and Say It
You must know where you are going for others to buy into your dream.  Joel Barker says, "Vision with action is a dream.  Action without vision is simply passing the time.  Action with Vision is making a positive difference."
Click HERE to enjoy Jeff's ideas to SPARK some new ways of thinking for you and help you provide a jolt of energy into your organization.
Six Leadership Obstacles to Team Success
by Lee Ellis, Freedom Star Media

The plane had drifted off course by 200 miles, but the pilot didn't know how it got there! He started out with the proper heading and course, and began the journey confident that he was ready to fly. Now he's thinking, "If only I had a co-pilot or voice guidance system alerting me along the way, I would've saved a lot of time and fuel (money)."
For many leaders, this scenario makes perfect sense, yet the need for an accountability culture at work is not always accepted. We want the positive elements of success-achievement, notoriety, money, and excellence for clients and customers. But we're unwilling to do the right things to get there.
Click HERE to read Lee's insights into the 6 Obstacles to Courageous Accountability -- then reflect on these 6 obstacles, and see if you can identify your weak spots.
Industry Hot Topic: (TRID) TILA/RESPA Integrated Disclosures - PART XV

A few recent articles for your reference:

West Virginia Bankers Title was pleased to host "An Evening in Venice" themed Business After Hours for the Marion County Chamber of Commerce on May 19th. Attendees enjoyed great food and networking.

Investors Title Recognized as Top 25 Best-Run NC Public Companies
Investors Title is ranked as one of the top 25 best-run public companies in North Carolina by the Triangle Business Journal. To determine the list, a team of Triangle Business Journal researchers and the Kenan Institute of Private Enterprise at UNC Chapel Hill evaluated several factors including stock return, employee growth, operational efficiency, and revenue growth. In stock return, for example, the Company ranked 10th overall and 3rd in the Triangle area with a 37.89% increase in stock price from Jan. 1 to Dec. 31, 2015. Compared to Triangle area performers, Investors Title ranked 11th overall and placed 3rd and 6th in return on assets and return on equity, respectively. 
West Virginia Bankers Title is proud to underwrite exclusively through Investors Title.
What Do Community Banks and a Renaissance Politician Have in Common?
by Damien Hayes, Saylent Technologies

Niccolo Machiavelli once wrote, "Never waste the opportunity offered by a good crisis." He was, of course, talking about early 1500's politics and not community banks. That said, perhaps there is some applicable wisdom that we can glean from those words.

As you may have heard, the financial markets have absolutely no idea when rates will rise. Back in February the Federal Reserve didn't raise rates and announced they wanted their annual stress tests to include negative rates on the 3-month bill for a prolonged amount of time. This lead a lot of folks to speculate that it may be a long stretch before rates rise. However, now there is speculation of a hike in June. Who knows?

And if that's not enough to make you grab a second cup of coffee, the CFPB has spent the last few months wagging their finger at banks and credit unions regarding overdrafts. The message: Start offering lower-risk deposit products to help consumers avoid overdrafts or... or... Or else!

Click HERE to learn about The Good News, The Bad News and The Opportunity.

Here are additional articles related to Community Banking you may enjoy: 
Next Major Issue Lenders Need to Tackle: Cybersecurity
Mortgage lending presents a ripe target for cyber attackers
by Brena Swanson
First-time parents trying to finally find a place to call their own, young Millennials looking to make their first big investment or grandparents wanting to finally relax after working hard for years - all these people are entrusting you with their personal data.
Don't take this responsibility lightly.

If you're looking at your information security team right now and thinking, "That's okay, I've got my bases covered," you don't.

Click HERE to read more.

Here are additional articles related to Mortgage Lending you may enjoy: 
Small Business Lending: 
Partnering Your Way To The Top
by Brian Graham

Small business (SB) lending is a large and yet still underserved market in which community banks are generally well positioned to compete ...... the lending market is undergoing a transformation driven by technology and new competition that is rapidly increasing the investment and scale necessary to compete.......since many community banks lack the resources to build or buy a technology platform on their own, the emergence of fintech lenders who can partner with community banks provides a new and attractive option for community banks to serve these important SB customers and to gain market share...... community banks should assess the extent to which a collaborative approach may offer benefits of collective scale, expertise and efficiency in a controlled and compliant manner. They may just find that the benefits readily outweigh the risks, and that fintech offers a powerful opportunity for community banks to regain share in a number of product lines that have come to be dominated by the largest banks Click HERE read the entire article.

Here are additional articles related to Commercial Lending you may enjoy: 
How to beat out other homebuyers when there is no inventory
Here's how to stand out

It's an extremely tough market out there for potential homebuyers right now. The hand dealt to you contains very little inventory, outrageous home prices and tight access to credit.

Given these circumstances, every little thing that you can do to push your name to the top of the seller's list is pivotal.

Lisa Ford, Secretary of the Orlando Regional Realtor Association, provided a very thorough list for how buyers can beat the competition, especially when there is barely any inventory.

She breaks the tips into three categories: Preparation, making the offer and standing out. Click HERE to read the details.

Here are additional articles related to Realtors and Real Estate Trends you may enjoy:


Use of Title Request Form
Improves Your Client Experience

In a continuous effort to provide the best service to you and your customers, I'd like to stress the importance of theTitle Request Form and why it is imperative that we receive it. The most obvious reason is so that we may order the title search from the attorney, but the Request contains vital information we need in order to issue an accurate Policy in a timely manner:
  • Contact person - Without knowing who is working on the file we cannot ensure that you will receive a copy of the documents you are waiting for. We also do not know to whom to direct any questions should we have any.
  • Loan amount - Determines the premium.
  • Construction/mobile homes - There are specific requirements that must be met with construction loans or property containing mobile homes. If we are unaware of this information, your Policy may not contain the appropriate coverage.
  • Vesting - For both refinances and purchases we need to know who the vested owner of the property is intended to be so that we can make the correct deed requirements and confirm that the right people are signing your Deed of Trust.
  • Closing agent - This will determine if a Closing Protection Letter is needed, which will also effect the premium.
  • Special instructions - Do you require a chain of title on your Commitment? Will your lien be in second position? Do you need particular Endorsements? This is the space to inform us of any specific items that need to be included with your Commitment/Policy.
Please do not assume that the attorney will give us this information. They often do not know how your loan is being structured and therefore cannot provide the information we need to issue your Commitment and Policy.
Your cooperation in this matter is very much appreciated and, as always, feel free to contact us with any questions or concerns you may have. Click HERE to access the WVBT Title Request Form.


**Remember to offer your borrowers Owner's Coverage on their most valuable investment. It's a one time premium with a lifetime of security. In addition, they will receive a reduced premium rate when they obtain it simultaneously with your Lender's Coverage.**

What Topics Are On Your Mind?

West Virginia Bankers Title wants to provide you with pertinent information in future E-Blasts and Webinars. What questions are on your mind regarding the real estate and mortgage lending industry? What Topics would you like addressed in future E-blasts? Send Jade Audia your thoughts.
Bob Drummond
Give us a call and let us know how we can better serve you and your team!
Vice President & Agency Manager
West Virginia Bankers Title, LLC
1547 Tulip Lane
Fairmont, WV 26554

Integrity. Security. Excellence.

At West Virginia Bankers Title, our goal is to provide security for your most valued investments, while offering exceptional customer service and delivering quality title insurance products in an accurate and timely manner.
Hello, just a reminder that you're receiving this email because you have done business with or expressed an interest in West Virginia Bankers Title, LLC. Don't forget to add [email protected] to your address book so we'll be sure to land in your inbox!