The Coming Skilled Labor Shortage. It begins…

We’ve previously talked about the emerging skilled labor shortage in the United States and elsewhere.  Our recent contacts with customers confirm that the skilled labor shortage is already here, a reality for many companies in the title insurance industry. People will choose jobs that are most fulfilling to them; wages will rise, benefits will increase; people will choose jobs based …

Outsourcing Search Packages – Make Examiners More Productive

The title examination process is detailed, often tedious and always exacting.  A mistake can lead to a claim.  Finding examiners with the outlook and detail focus for the job is difficult; once trained, the experienced examiners become a backbone of the best title insurance companies.  As business increases and examiners retire, using experienced examiners efficiently becomes a critical management task. …

Final Policies Made Easy – Benefits of working with HDEP

It is easy to outsource your final policies to HDEP and have that work handled for you worry-free. Save staff time, save money, and eliminate the final policy production headache in four easy steps: 1. Sign a mutual non-disclosure agreement. 2. Demonstrate current procedures for final policy preparation by screen sharing. 3. Set up access to client system for HDEP; …

Final Policies accumulating? A simple solution.

You have seen it time and time again – you close the deal, file your documents and transfer the deeds.  Now onto new business, though there is the nagging tone of unfinished business. Preparing the final policy and transferring the underwriter fee – it’s no more than an hour of your time . . .  but the last transaction just …

Final Policies: Rules, Realities and Solutions

Final Policies Deadlines: Meeting ALTA’s Best Practices Pillar #5 ALTA’s Best Practices Pillar #5 requires title agencies to complete and submit final policies within 45 days after the close of the transaction. Many title agencies are actively considering options to meet this best practices requirement. Click here to read the full article Final Policies in the Title Insurance Industry The …

THE IMPORTANCE OF TITLE PLANTS IN THE UNITED STATES

The title insurance industry’s mission is to ensure that clear title resides with the purchaser of property.  If there are shadows on the ownership rights to property, the title insurance company will either cure those defects, accept the risk of the defects, or refuse to insure the title to the property. In order to conduct its business and accomplish its …

Final Policies Deadlines: Meeting ALTA’s Best Practices Pillar #5

ALTA’s Best Practices Pillar #5 requires title agencies to complete and submit final policies within 45 days after the close of the transaction. Many title agencies are actively considering options to meet this best practices requirement. In general, once a transaction has closed, the process goes something like this… ·         A title agent receives word that the sale/refi has concluded …

HDEP International Receives ISO 27001:2013 Certification

HDEP International’s outsourcing facilities in Manila, Philippines were once again awarded the latest ISO certification for information security and business continuity – ISO 27001:2013. A critical aspect of the CFPB rules and ALTA Best Practices is information security.  HDEP has affirmed its commitment to these best practices by attaining the highest possible internationally recognized certification for information security – ISO …

The Coming Skilled Labor Shortage – Why and What Can Be Done

In a previous article, we noted that there will be a skilled labor shortage in the United States.  It’s an odd prediction because the United States (and the world) is recovering from the worst recession in almost 90 years and we are used to reading stories about the “labor participation rate” and the inaccuracies in the employment statistics.  But a …

A Pathway to Outsourcing

The title insurance industry is facing multiple changes, including new CFPB regulations and a skilled labor shortage in the United States. In a previous article, we noted that the United States labor markets are at the starting point of a skilled labor shortage.  Participants in the title insurance industry will be affected by the shortage because they use highly skilled …