Blog – Tuesdays with Mary

Dear Readers, We have seen the heartbreaking videos and have read all of the devastating numbers associated with contracted cases and lives lost as a result of the COVID-19 coronavirus. Businesses and so many employees also have succumbed to the nation’s health crisis known as the pandemic. Professionally, some have had the good fortune of continuing at their jobs receiving consistent paychecks, while others did not fare as well. Personally, two friends of mine contracted the virus spending several days in the hospital. Thankfully, they have recovered and returned safely to their families, loved ones and friends. Over the past [...]

Dear Readers, These days its increasingly important to be on the lookout for potential cyberattacks. Recently I came across one other example of why it is so important. The Texas Office of Court Administration (OCA), the information technology (IT) provider for the appellate courts and state judicial agencies within the Texas Judicial Branch, identified a serious security event in the branch network, which was later determined to be a ransomware attack. A statement announcing the attack noted that it was first discovered in the early morning hours May 8. It stated that the attack is unrelated to the courts’ migration [...]

Dear Readers, This is the time of year I’d normally be hopping on a plane and attending an industry conference to network with many of you, resulting in good story material for months to come. But like everyone else during this pandemic, I’ve had to adjust my personal as well as my professional life. Instead of attending a packed high school graduation for my son next week at a fancy downtown city venue as planned, commencement – after a series of postponements and canceled plans – now will consist of just six students at a time at our rival high [...]

Complimentary Webinar - Thursday, May 21 @ 2:00 PM EDT Register for Evolving Lender Relationships Explore the best strategies to increase referrals and learn the characteristics lenders are looking for in a partnership. Leaders from Wells Fargo and Better.com will examine the effect COVID-19 has had on the relationships in the lending landscape, and illustrate how vendor expectations have changed. Register today and listen in as they forecast what is next and discuss: What lenders can learn from their title partners How to collaborate with industry partners How to work with lenders on remote closings The relationship with affiliated and [...]

Editor’s Note: This is part of our continuing monthly series on affiliated companies. Our goal is to feature companies which have had history and experience with affiliated business to learn about their success and share the RESPA compliance lessons they have gained in these affiliations over time.  Scottsdale, Ariz.-based Taylor Morrison Home Corp. is currently the fifth-largest homebuilder in the United States. Last year, its affiliated title business, Inspired Title Services, made more than $20 million in gross revenue, operating in Arizona, Colorado, Florida, Georgia, Nevada, North Carolina, South Carolina, Texas and Washington. “Inspired Title was formed five years ago [...]

Friday, May 1, 2020 For the first time since the Paycheck Protection Program (PPP) launched April 3, the Small Business Administration set aside the “first come, first served” notion to provide an eight-hour window for lenders with $1 billion or fewer in assets to process applications.Early reports are that the technology system, which had so many glitches and crashes in the first round of applications and starting the second round, finally had been freed up. “It was very helpful. The reports I’m getting from bankers around the country is that a lot were able to finish up, or closely finish [...]

The Title Report's Mark Lowery shares his thoughts on the Stimulus aid package Dear Readers, Despite the predictable partisan wrangling, and some questionable inclusions, Congress did a pretty good job of crafting a stimulus package to aid Americans during this time of need caused by coronavirus’ economic wrecking ball. The government assistance earmarked for households, small businesses and industries will help many keep their heads above water for a short time. But for how long? A Redfin analysis found that more than three-quarters of U.S. renters could pay one month’s worth of housing expenses with the $1,200 coronavirus stimulus check, [...]

The Title Report's  Mark Lowery shares his thoughts on the impact of the coronavirus and the title industry. Dear Readers, About three months ago, at a hotel in Austin, Texas, WFG National Title Insurance Co. founder and Executive Chairman Pat Stone speculated about the next recession, its likely cause, and the title industry companies likely to survive it. Stone was onstage at Qualia’s Future of Real Estate Summit being interviewed by Qualia co-founder and CEO Nate Baker. Stone said he believed the next recession would be caused by corporate debt and would happen within the next 12 to 18 months. [...]

If you missed the live webinar, the recording is available now and can be watched at your convenience! The CARES (Coronavirus Aid, Relief and Economic Security) Act is layered and complex, but experts on the CARES Act For You webinar will decode this intricate bill and help get you started. If you are a small business owner with less than 500 employees, these industry leaders will outline the steps you can take to support your business. They will roadmap what your business is eligible for, explain how to start the process and outline the recovery plan. Learn about these topics [...]

Editor’s Note: This is part of our continuing monthly series on affiliated companies. Our goal is to feature companies which have had history and experience with affiliated business to learn about their success and share the RESPA compliance lessons they have gained in these affiliations over time.  In 1957, Howard W. Hanna Jr. started Howard Hanna Real Estate Services with a single office in Pittsburgh using a modest dividend check. Today, the business is the third-largest real estate company in the United States, and at 100 years old, the brokerage’s founder continues to make his mark on Howard Hanna Real Estate Services. [...]