ALTA Best Practices with Diane Evans approved in New Jersey

2 credits

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Current American Land Title Association President, Diane Evens discusses ALTA Best Practices. Her presentation includes a discussion of how the industry has arrived a the point where the promulgation of Best Practices is important. She covers legislation that requires title agencies to implement Best Practices and the role of the Consumer Financial Protection Bureau.
This course covers an overview of each of the 7 Pillars

  • Pillar 1 – Licensing
  • Pillar 2 – Escrow Accounting
  • Pillar 3 – Protecting Non Public Personal Information
  • Pillar 4 – Pricing and Recording
  • Pillar 5 – Policy Production
  • Pillar 6 – Professional Liability Insurance
  • Pillar 7 – Consumer Complaints

Diane Evans has served the title insurance industry for more than three decades. She joined Denver,
Colorado-based Land Title Guarantee Company in 1981 and currently serves as vice president.
A member of the American Land Title Association’s (ALTA) Board of Governors and 2014-15 president, Diane also is a member of ALTA’s Government Affairs Committee, State Regulatory Advisory Committee, NAIC Committee and Agents Executive Section.

Additionally, she has served as chair of ALTA’s Abstracters and Title Insurance Agents Section Executive Committee.
Diane has been active in the title industry in Colorado as well. She served as president of the Land Title
Association of Colorado in 2001, served on its Board of Directors from 1992-2002 and continues to
serve on its legislative committee. She has served on the Colorado Secretary of State E-Recording Panel,
a member of the Producers Council of the Colorado Division of Insurance and the Colorado Division of
Insurance Title Advisory Panel. She has served as chair of the State Board of Land Commissioners and
on the Colorado State University System’s Board of Governors

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Mers, The Core Concepts

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MERS operates an electronic registry, the MERS® System, for tracking servicing rights and beneficial ownership interests in residential mortgage loans, and MERS® Commercial for the commercial mortgage‐backed securities (CMBS) and multifamily marketplace

Expert

In April 2012, Mike Skalka relocated to Virginia to join MERSCORP Holdings, Inc., parent company of Mortgage Electronic Registration Systems, Inc. (MERS), as Executive Vice President and Chief Legal Officer. He also serves as Corporate Secretary for MERSCORP Holdings and MERS.  MERSCORP Holdings, which operates an electronic registry of mortgage loan servicing rights and ownership on behalf of the lending industry, is presently addressing the challenging issues associated with foreclosures and mortgage record holding – areas in which Mr. Skalka’s background and knowledge is uniquely suited. 

 

Mr. Skalka received his B.A. degree from C.W. Post College of Long Island University and his J.D. degree from Chicago-Kent College of Law. Upon graduation from law school, Mr. Skalka began his career in the title industry and then went on to private practice; subsequently, reentering the title industry years later.

 

Mr. Skalka joined Stewart Title in 1988 as the founding president of Stewart Title Insurance Company, domesticated in New York. Shortly thereafter, in the early 1990s, he helped establish Stewart’s operations in Canada and theUnited Kingdom, and then relocated from New York to Houston, in 1993, to serve as Executive Vice President and General Counsel of the Stewart Organization until 2005.

 

As Stewart continued to seek opportunities outside of the U.S., Mr. Skalka led those efforts by becoming Chairman of Stewart’s International Group in 2005. In 2007, he became the first person outside of the Morris and Stewart families to be appointed President and Managing Director of Global Underwriting Services of Stewart Title Guaranty Company, where he remains a member of its Board of Directors. Mr. Skalka had also helped to lead the National Title Services Division of Stewart since 2009.

 

With his more than 35 years in the title and real estate industries, Mr. Skalka has established himself as an admired member of the real estate community. He has had the honor to be appointed to the Board of Governors of the American Land Title Association®, as well as to serve upon its various committees; and, is a past President of the New York State Land Title Association.

 

In the spring of 2007, the Houston Chronicle published a feature article about Mr. Skalka and his international activities on behalf of the Stewart Organization.  He also has been quoted in Continental Airlines Magazine concerning the real estate market in Latin America.  Mr. Skalka has spoken before numerous bar association, land title association, and related industry functions throughout the United States and England and has had articles published by the Bank Lending Institute, the New York Law Journal, the Practicing Law Institute and the National Register of Commercial Real Estate.

Post Closing Course available on Learntitle

The Closing is Over but What About the Post Closing

This course is approved in several states. Choose one to enroll and get continuing education credit.

New Jersey

Pennsylvania

Missouri

Oklahoma

Alabama

This course is approved for 1 credit.
The following is an outline of what will be covered in the course:

Eye on the Prize/ Get it Closed

  1. Fiduciary Responsibility / Commitments
  2. Disbursements
  3. Risk Factors

What Is Post-Closing? 

  1. Recordings
  2. Money
  3. Lien Release and Trustee Services
  4. Original Documents
  5. Culture – the details

Recording – Priority  

  1. Importance of Immediate Recordation
  1. Compliance
  2. Policy Liability / Gap
  3. Customer Satisfaction
  4. Underwriter Relationship
  5. Minimize Title Liability
  6. Supports prompt funding
  7. What is E-Recording? How does it help?

Follow the Money

  1. Payoffs
  2. Insurance, Taxes, High Risk Items
  3. Good Funds vs. Collected Funds

Reconciliation

  1. 3 way reconciliation
  2. Consumer funds
  3. Balance in Files
  4. Fraud
  5. Security
  6. Escheat
  7. Protecting consumer funds

Lien Release Tracking

  1. Have a process
  2. Follow through
  3. What to do when you can’t wrap it up

Outsourcing

  1. How does it all work?
  2. Curative
  3. Settlement

The Challenge of Change

  1. Getting Staff buy in
  2. Creating a culture that supports thorough post-closing processes

This course is approved in several states. Choose one to enroll and get continuing education credit.

New Jersey

Pennsylvania

Missouri

Oklahoma

Alabama

Presenting this course are:

Vicki DiPasquale
National Sales Manager
Simplifile
Liz Tanner
Tanner Law, Ltd.
Final Trac
16B Gooding Ave,
Bristol RI 02809
(401) 253-7854