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January 2015
Title Notes E-Blast

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Welcome to the first 2015 edition of the VTC e-news. 


With a new year comes new goals, new priorities, new perspectives -- an opportunity for a fresh start, and a renewed approach to creating what you personally define as success.


The team at Virginia Title Center remains focused on delivering on our priorities of: Integrity. Security. Excellence. Tell us how we are doing!


We sincerely appreciate your continued support and confidence in us to serve you and your clients. We enjoy hearing your feedback and recommendations of ways we can continue to improve our service delivery model.

Patti Dickerson, 
Director of Marketing & Communications
12 Things Successful People Do Before Breakfast
by Jenna Goudreau, From Business Insider

"If it has to happen, then it has to happen first," writes Laura Vanderkam, time management expert and author of "What the Most Successful People Do Before Breakfast."


Those among us who have managed to find professional success and eke out a life actively embrace this philosophy. They must set aside their first hours of the day to invest in their top-priority activities before other people's priorities come rushing in.


So what do successful executives and entrepreneurs do when they are rested and fresh? From Vanderkam's study of morning rituals, the following outlines the 12 things that the most successful people do before breakfast. 


1. They wake up early.7. They network over coffee.
2. They exercise before it falls off the to-do list.8. They meditate to clear their minds.
3. They work on a top-priority business project.9. They write down things they're grateful for.
4. They work on a personal passion project.10. They plan and strategize while they're fresh.
5, They spend quality time with family.11. They check their e-mail.
6. They connect with their spouses.12, They read the news.

Click HERE to read the entire article about the science behind this and how to adopt these rituals into your routine.

Linda Troxell, Settlement Processor

Welcome to the VTC Team! 

Linda Troxell Joins Virginia Title Center as Settlement Processor 

Linda joined the VTC Settlement team as we kicked off the new year. She has 17 years experience providing real estate title underwriting and settlement services in the Staunton and Waynesboro markets.


As a VTC Settlement Processor, Linda is responsible for coordinating and performing all aspects of residential and commercial real estate closings.

In her spare time, Linda enjoys gardening, reading and spending time with her three nieces. She is also looking forward to her son's wedding in May.

Linda is a native of Augusta County, where she resides with her husband, Mike. Together, they are in the process of renovating his family's farm house.

Please join us in welcoming Linda to the team. You can reach her at 1.800.468.5811 or by e-mail at [email protected].  Click HERE to meet the rest of the VTC team. 

The 5 Most Important Compliance Issues for 2015

Wolters Kluwer: TILA-RESPA, HMDA, and other alphabet soup

by Trey Garrison, Housingwire

No matter how little or much one embraces the idea of a free market, most everyone agrees that the regulatory burden on financial institutions could be reformed and made better - through cutting red tape or smarter rules.


"We continue to encourage banks to build a thoughtful and comprehensive compliance strategy for 2015," says Edward Kramer, executive vice president, Regulatory Affairs, for Wolters Kluwer Financial Services. 


Here's what Wolters Kluwer Financial Services think are the five starting points:

  1. Truth-in-Lending Act and Real Estate Settlement Procedures Act
  2. Home Mortgage Disclosure Act
  3. Servicing and Sub-Servicing
  4. Increased Scrutiny
  5. Enhancing Risk Assessment


Click HERE to read about each compliance issue in greater detail.

NEW! E-Mail Encryption to Protect
Non-Public Personal Information

Did you know that emails from Investors Title may now be encrypted, especially if they contain non-public personal information*? If Investors Title is able to establish a secure connection to the recipient's email system/provider, they will not notice any change in the way emails are delivered. If Investors Title is not able to establish a secure connection to the email system/provider, they will receive an email with a link to access the secure message and its contents. 

Usernames or passwords are not required to access the encrypted email and its contents. A hyperlink to a secure website will allow the recipient to view the email and its attachments. Please contact your Investors Title representative with questions.


*Non-public personal information is NPI stands for Non-Public Personal Information.
  1. It is defined as: Any information provided to obtain a financial product or service (for example, name, address, income, Social Security number, or other information on an application);
  2. Any information you get from an individual from a transaction involving your financial product(s) or service(s) (for example, identifying the individual is a customer of yours, account numbers, payment history, loan or deposit balances, and credit or debit card purchases; and
  3. Any information you obtain about an individual in connection with providing a financial product or service (for example, information from court records, background checks, or consumer credit reports).
TITLE TIP: Attention Lenders

Lender Tip to Prevent a Delay in Receiving Title Commitment:  If you are working with an attorney or settlement company other than Virginia Title Center for closing services, yet wish to use Virginia Title Center for Title Services, please follow the link below to ensure that the closing agent you are using is approved. Doing so can prevent any delay in receiving your title commitment in a timely manner. 


Click here to access list of Investors Title Insurance Company approved settlement agents in Virginia, North Carolina, and Tennessee.


If you don't see the attorney or settlement agent on the list, please contact Gail Duffy. Gail will proactively reach out to the attorney and provide them with the approval application. This process can take 2-3 days to complete. Thus, checking the list in advance can ensure that we get the settlement provider approved quickly, and issue the commitment so that your closing does not get delayed. 


Here are additional articles related to the Title Industry you may enjoy:

NEW! Required Recording Cover Sheets
for Localities in Virginia

In recent months, a number of jurisdictions in the Commonwealth of Virginia have begun requiring cover sheets for all recordings. The on-line cover sheet generator can be easily access from the Virginia Judicial System - Circuit Court Deed Calculation webpage. Proactive completion of the cover sheet will prevent potential delays in recordings. Click  HERE to access additional information on this process. If you have questions, please contact the VTC Settlement Office at 1.800.468.5811.

Commercial Banking Trends


"Small business lending is a competitive business," said Chris Marinac, an analyst at FIG Partners. "You have to pick your spots and find a space where you can be successful."

Anxiety Over Competition Tempers Small-Business Lenders' Optimism:  Leaders of smaller banks optimistic about the growth prospects of small-business loans in 2015, but they are equally worried about increased competition from larger banks, nonbanks and credit unions. (John Reosti, American Banker)


Momentum in the banking industry is starting to slow as demand for commercial loans cools. Loan pricing remains a challenge for bankers. The readings for consumer pricing and commercial pricing revealed that lenders are continuing to keep rates low in order to lure the most creditworthy borrowers. (Paul Davis, American Banker)


Complimentary Web Seminar Available On-Demand: Breaking Down Functional Barriers to Improve Customer Experience. Click HERE to access.


Discussion: Should Loan Officers Have More Skin in the Game? What are your thoughts?

Investors Title Company Rings the Nasdaq Stock Market Opening Bell





On November 29, 2014, Jim Fine, President and Treasurer of Investors Title Company [Nasdaq:ITIC], rang the Nasdaq Stock Market ceremonial Opening Bell. 


Investors Title Company began trading its shares on the Nasdaq Stock Market in 1986. 


Click here for more information.

"The greatest banking leaders can see their bank several years into the future, and organize resources around making that vision a reality."
from Jeff for Banks blog

Here are articles for Banking Leadership you may enjoy:
Resolve to Get Involved 
by John H. Buhrmaster, Chairman of ICBA

As we community bankers across the country ring in the New Year, we ring in with it our enthusiasm for this great industry, our dedication to the communities and customers we serve, and, I'm sure, plenty of New Year's resolutions.


While most folks have personal resolutions that they hope to focus on for 2015, I want to encourage you as a community banker to add a professional resolution to the mix. And this one doesn't require a diet or joining the gym-I promise-it simply requires that you get involved, one step further than you already are with our industry.


For example, resolve to write three more letters to your member of Congress this year advocating on community bank issues, to attend the ICBA Washington Policy Summit in April and lobby your members of Congress, to get involved with your state association, to take an education course, or even to focus on mentoring and bringing up a future leader in the community banking industry. The point is that the possibilities are endless-there is no shortage of ways to get involved and make a real difference.


So as you think of bettering yourself over the upcoming year, think about what you can also do to better the industry. I know it will go a long way toward our future as an industry.

After all, the future is bright for community banks. Our reputation couldn't be better, and that's because of decades of hard work, experience and making sure we're doing our jobs right-always acting in the best interest of our customers and communities. We take what we do seriously and it shows. Continue reading...


 Here are additional articles related to Community Banking you may enjoy: 

Attracting Clients: Go for Loyalty 
by David Lykken

Sometimes, I think we take the wrong approach to loan origination. We pursue buyers in the same way that our most challenging buyers pursue us-we look for the quick fix. Just like buyers sometimes seek out low rates exclusively, sometimes that's what we focus our advertising and messaging on. We market to the least profitable and most short-term deals we can find.


There is another way. We can focus on building relationships. That's the key to attracting loyal clients, building referrals, and developing a long-term successful business. It's just like getting married. Sure, you can put an ad in the paper stating all of the housework you're willing to do, that you'll agree completely to how your partner wants to raise the kids, and so on and so forth. Eventually, you might attract a spouse that takes you up on the offer.


Or, you could just go about and meet people. Once you date for a while, you get to know each other. And, when the timing is right, you tie the knot. Sure, it's a lot more work. But, once the relationship is built, that person will be a lot less likely to leave you when something else comes along.


That's the way it is in the mortgage business. Relationships always win in the long-run. If you want to attract clients that will stay with you no matter what, nurture the relationships. Loyalty is everything. That's where the profit is, that's where the best work its, and that's work the future of your business is. Build loyalty.


David Lykken is 40-year mortgage industry veteran who has been an owner operator in three mortgage banking companies and a software company.


 Here are additional articles related to the Mortgage Industry you may enjoy: 


**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?

Virginia Title Center 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 Patti your thoughts.
Past issues of the Virginia Title Center E-News are archived on our website HERE
Patti L. Dickerson                                      

Give us a call and let us know how we can better serve you and your team!

Director of Marketing & Communications
Virginia Title Center, LLC
Integrity. Security. Excellence.


Virginia Title Center is committed to serve you with unmatched expertise, exceptional customer service and a comprehensive selection of title and settlement solutions to help you grow and succeed. 


 Our professionalism, technical knowledge and experience provide security as we insure protection for your most valued investment.