Surveying or land surveying is the technique and science of accurately determining the terrestrial or three-dimensional position of points and the distances and angles between them. These points are usually on the surface of the Earth, and they are often used to establish land maps and boundaries for ownership or governmental purposes. For purposes of Title, they are used in the “Description”.
To accomplish their objective, surveyors use elements of geometry, engineering, trigonometry, mathematics, physics, and law.
This course discusses surveys and descriptions and their relationship to title insurance.
Discussion of Powers of Attorney, Trusts and Estates and how they effect Title. The course includes definitions and types of Powers of Attorney and language that should be used in a Power of Attorney. The course discusses the recording of a Power of Attorney, who can execute one, its limitations and insuring transactions the use one.
The course also discusses Trusts. It explains classes of trusts, definitions of Express Trusts, Test Trusts, and Testamentary Trusts. It discusses termination of trusts and forms of vesting.
Lastly the course discusses different types of estates and taxes that effect title. Inheritance tax, NJ Estate tax, and Federal Estate tax are all discusses.
Upon completion of this course the learner will
be able to define the different types of a Power of Attorney
be able to recognize the correct language to be used in a Power of Attorney
know the limitations of a Power of Attorney
be able to define trusts
know how to handle a transaction out of an estate.
3 credits Click Here to Enroll This course is a comprehensive discussion of the Real Estate Settlement Procedures Act and the new regulations promulgated by the Consumer Financial Protection Bureau. A detailed history of RESPA and other legislation that has led us to where we are today are included. The course covers servicing, escrow accounting, Notice of Error, Request for Information, Forced Placed Insurance, Loss Mitigation, Affiliated Business Arrangements, and Solicitation. It includes detailed sections on the new Loan Estimate and the new Closing Disclosure.About the Presenter Vincent Danzi A title industry veteran, with more than 13 years in the business, Mr. Danzi is in charge of regulatory and compliance issues, as well as building out and growing the Agency’s high-end, luxury residential practice. Mr. Danzi was senior vice president and general counsel at Manhattan-based One Title National Guaranty Company where his focus was to establish and operate the newly-formed title insurance underwriter from initial application through the actual operation. He was responsible for drafting all operational forms, agreements, and company policies for both the title insurer and its exclusive title agency. Before his tenure at One Title, Mr. Danzi served as general counsel to Smithtown, Long Island-based Equity Settlement Services for nearly a decade.Mr. Danzi launched his career at Bohemia, Long Island-based-Nationwide Court Services, eventually ascending to the position of president and title officer of the company’s main title subsidiary, where he was responsible for the firm’s day-to-day activities. Click Here to Enroll
2 credits – This one covers ALTA Best Practices, Pillar 4. In this course, the learner learns how to complete the section of their policy and procedure manual for Pillar 4
ALTA Best Practices Pillar 4 2 credits
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This course is one in a series of Courses that discuss ALTA Best Practices. This one covers Pillar 4. The objective of the course is for the learner to complete the section of their policy and procedure manual for the pillars discussed in the course. Also, upon completion, the learner will be confident that they will be able to pass an ALTA Best Practice audit for the pillars discussed in the course.
Pillar 4 is about adopting standard real estate settlement procedures and policies that help ensure compliance with Federal and State Consumer Financial Laws as applicable to the Settlement process. The course covers the 34 questions asked in the ALTA Pillar 4 Workbook so that the learner understands what is expected to be compliant. The course covers the Action Items report, Assessment Readiness, and Certification
Adopting appropriate policies and conducting ongoing employee training helps ensure the Company can meet state, federal, and contractual obligations governing the Settlement. Click Here to Enroll
There has been an explosion of interest in eClosings in the industry. Because of the savings of time and resources realized by the use of digital closings, lenders and title insurers are beginning to look into ways to utilize the technology. The Consumer Financial Protection Bureau sponsored a pilot that tested eClosings and it showed that the technology had a positive influence on the closing process. Government Sponsored Entities(GSE) have made eClosings a part of their scorecard when evaluation lenders. Consumers appreciate the advantages that digital closings bring to their experience. Digital Closings are making their way into the Real Estate closing process and title agents need to understand the process and how they can incorporate the process into their workflow.
The presenter is Nancy G. Pratt who is the Vice President of Partner Relations and Government Affairs for Pavaso. She provides team leadership in attaining company goals, and manages the strategic relationships for the growth of the company. She is responsible in maintaining the relationships at Federal and State level, understanding key regulatory issues and laws that pertain to the operations of Pavaso. She is involved with Sales Support and strategy of the promotion and development of the Digital Mortgage Solutions throughout the Title agent network and lender segment of the industry. Nancy has over 14 years of experience in the eMortgage/eClosing space, which played a key role in leading the go-to-market and implementation strategies for Pavaso’s two CFPB pilots. Nancy has been in the mortgage/title industry for over 35 years and highlights of her career include industry milestones of performing the first complete eMortgage with lenders and conducting the first ever FHA and VA eClosings. Click Here to Enroll