Myrna L. Keplinger
VLTA President 2014-2015
The Settlement Group, Burke, VA
Office of the Presidency
Virginia Land Title Association
Wow!! It is such an honor to be elected president of Virginia land title association and to be working for you, our members. I have had the privilege and pleasure of serving on the board of directors for a number of years. Following in the footsteps of many great past presidents is a challenge all in itself.
I want to thank a few people, just like you would at the Oscars as this is the VLTA Oscars. My husband of 46 years, Steve, who has been my sounding board, my rock and my better half. My children-Debbie, Brian & wife Bethany, Fallon and friend, Sean, Brooke and husband Josh. Our grandkids Krysta, Harley, Justice, Patrick and Ethan with one great granddaughter-Kloe. And yes, we do have 3 grand dogs. Brodie, Lovey and Henry. All part of the family J
I also want to thank my TSG family. While I’m away from the office, my staff is there holding it all together. I couldn’t do this without them.
Let me tell you a little more about myself. I was born in the Midwest. I was taught that you treated people the way you wanted to be treated and that you lead by example. I love to use the phrase “warm and fuzzy”
Kevin Pogoda and I were laughing about how the title industry becomes your life. He remarked he felt as though it was a calling. I agree with him wholeheartedly. We are in an industry that changes daily. We never have a boring day. We are blessed that we can help people with their biggest investment of their life. How wonderful is that!!!
That being said, as an industry, we are facing new challenges every day. In the last few years we have seen the Dodd-Frank act passed which created the Consumer Financial Protection Bureau (CFPB) in 2010
In April 2012 the CFPB released a bulletin 2012-03 labeling the title industry as a service provider and assigning lenders for the liability of our work.
January 2013 brought the ALTA best practices guide, which gave us direction to be better able to comply with the CFPB requirements in protecting consumers, promoting quality service, providing for ongoing employee training and meeting legal and market requirements.
ALTA went on to release version 2.0 of the best practices in July of 2013. In November 2013, the final TILA-RESPA integrated disclosure rule was released, all of its 1888 page glory. Just three months ago the CFPB released the TILA-RESPA integrated disclosure rule small entity compliance guide, which is meant to be an easy to use summary of 1,888 page TILA-RESPA rule.
Wells Fargo released in march 2014 a newsletter to its network of settlement agents stating “Wells Fargo supports ALTA’s best practices and considers them to be guidelines for sound business practices that should ideally already be in place for business providing title and closing services to our customers” which further reinforced the necessity of understanding and complying with ALTA best practices.
In April, the CFPB released the TILA-RESPA integrated disclosure guide to the loan estimate and closing disclosure forms. This lovely 95 page guide provides the instruction for completing the new loan estimate and closing disclosure.
With the dramatic changes the title industry is facing in the upcoming year, the word “education” takes on a new meaning. We don’t know what the new normal will be, but what we do know for sure is that vlta is here to help our members as we go forward. Hopefully, your company is already working towards compliance in this area. At the ALTA 2014 business strategies conference in Nashville it was stated that “compliance is not a destination, but a journey”. Let VLTA guide you on that journey! Let VLTA help you obtain the education that you need to face the future!
You spoke, we listened. The new face of VLTA is working smarter for our members. We are providing education in which VLTA has the Virginia certified title examiner (VCTE) course now online. This course was just recently approved for 16 CLE and the 16 CE credits are pending.
The Virginia certified title settlement agent (VCTSA) course was just recently approved for 16 credit hours with the 16 CLE’s pending. We are working on getting more of our educational classes on line, which means more convenience for you and less time away from your office.
VLTA will be conducting a contest this year. One for Virginia certified title examiners and one for Virginia certified title settlement agents. There will be prize money involved. We are finalizing the rules for the contest and will have an email blast to all our members soon.
Remember, VLTA is here to help you, our members. Please let us know your ideas, wisdom, guidance or suggestions for VLTA, and thank you once again to everyone that has worked so hard to make this convention this best ever! Also, want to thank you for electing me to be your president. Thank you and have a great rest of the evening!