2013 Annual Convention
Speakers and Sessions
Friday, June 7, 2013
Keynote Speaker - A National Landscape
By Frank Pellegrini, President
American Land Title Association
Don’t miss this unique opportunity to hear for yourself first-hand how the industry is faring in this economy and what’s on the horizon. Frank will bring you up to speed on significant issues that the title industry face on the national scene: GSE Reform, and The CFPB Rule.
MERS, The Core Concepts
By Michael B. Skalka
MERSCORP Holdings, Inc.
The purpose of the session is to educate the members about MERS, its uniqueness in the lending industry and to address many of the misunderstandings about MERS. We will discuss the business model, the corporate structure, the MERS System, the benefits to the lending and title insurance industries, the general litigation concerns as noted in the press and various regulatory and legislative issues.
The Seller's Side of Residential Settlement
By Kay M. Creasman, Esq.
Old Republic National Title Insurance Company
A review of how attorney and non-attorney settlement agents may represent or assist sellers, including deed referrals, UPL, professional ethics and guarding against fraudulent transactions. Learn how to:
· Recognize the limits of what a non-attorney settlement agent may do to assist a seller.
· Review the UPL rules that affect those working with sellers in a residential settlement.
· Review the ethical rules governing the seller’s side of a residential settlement.
· Understand the roles of an attorney and non-attorney in the seller’s side of settlement.
The Great Claims Maelstrom of 2008-2011: Lessons We Learned Along the Way
By Lisa K. Tully, Esq.
Fidelity National Title Insurance Group, Inc.
This program will provide industry statistics on title insurance claims nationally and in Virginia, pinpointing the leading causes of claims. Participants will hear the details of specific claims handled by underwriters in Virginia and learn how to prevent those claims in the future. Through real life claims scenarios participants will learn to identify areas of risk that may lead to claims. They will learn how claims are handled by underwriters and options provided by the policy terms for adjustment of claims. Participants will come away from the program with renewed enthusiasm for claims avoidance.
Emerging Best Practices for Settlement Companies & The Importance of Having a "Global Team"
By Ann L. Johnston, Esq.
Monarch Title, Inc.
This class attempts to review the newest “Best Practices” provided by the American Land Title Association in the context of the real world needs of maintaining good business relationships with our other real estate professional “team” members. Ultimately, the objective is to establish even better working relationships which will foster better, more efficient and satisfying transactions. For most of us, we need to remember that achieving such on a regular basis takes more than one company’s efforts but requires a team approach—and such also requires the education, training and nurturing of those all important relationships.
Commercial Claims: What's the Big Deal?
By Deborah Y. Allen
BridgeTrust Title Group - Virginia Beach
This session is designed to educate attendees on the differences between commercial and residential title examinations. They will learn why commercial searches are more complex and require a higher level of knowledge. We will review a commercial search, noting the extended search window is often 75 to 100+ years. We will discuss all the “multiples” in commercial searching, i.e. multiple chains, owners, liens, parcels and type of records searched. Participants will learn the extra steps they need to take when conducting a commercial title search.
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Note: The 2014 Annual Convention education are pending approval by both Pearson VUE and the VA State Bar.