Why is Title Insurance Important?

North American Title Insurance Company has provided a short educational video that we wanted to pass along for your reference. This 3-minute video is being offered to inform customers and consumers why title insurance is important.

Underwriting Bulletin No.: KY 2018-01 | Updated Kentucky Municipal Premium Tax

The updated Kentucky Municipal Premium Tax will go into effect July 1, 2018 through June 30, 2019.

The following Bulletin is to advise the reader of the current position of the Kentucky Department of Insurance (the “Department”) on the specified issue. The Bulletin is for informational purposes only and is not legally binding on either the Department or the reader.

Please review the information in this Bulletin carefully, as it contains information regarding changes to procedures for adjudicating Local Government Premium Tax (“LGPT”); updates and amendments to various LGPT forms and documents regarding rates imposed by local governments on collected premium; as well as the Tax Schedule, Tax Code Descriptions, and Listing of Payees and Addresses documents, in accordance with KRS 91A.080.

Click here to view the bulletin.


Going Above and Beyond

It all starts with a dynamic group of individuals who are actively redefining the phrase “above and beyond” – Simone Anu (Processor), Keith Murphy (Loan Officer), and Rebecca ‘Becky’ Muse (Notary). We have had the pleasure of working with Simone and Keith for quite some time, and in that time we have had the opportunity to share in many successful transactions with these seasoned professionals. In fact, it was Simone and Keith who referred Becky for a closing scheduled earlier this month. As we all know, closings don’t always go as planned; no matter how much preparation goes into a transaction. Often, the most successful transactions are dripping with unexpected changes and new developments that unfold rather quickly. The test is how you navigate and adapt to these changes.

In the reverse mortgage industry you hear stories of people putting the borrower first, this story is definitely one to remember. Unfortunately, at a point in the transaction the borrower was admitted to the hospital; without hesitation Becky and Keith dawned hospital gowns and gloves to proceed with the signing at the borrower’s request. After two and a half hours in an 85 degree hospital room, Keith and Becky completed the signing; with minutes to spare, they also managed to get the documents overnighted. Through a coordinated effort they were able to maintain a level of care and professionalism that helped the borrower feel secure.

Once the borrower was released from the hospital, Becky returned for one final signature. Becky took it upon herself to further assist the borrower and run some quick errands. On her way to the borrower’s home she stopped to pick up the their prescriptions and grabbed some groceries as well. Upon her arrival the borrower was unable to locate their checkbook to reimburse her for the kind gesture, but Becky didn’t mind. She proceeded to tell the borrower that this was her treat! “Our team is very proud of Becky, she is truly an asset….with a very big heart, compassion and patience,” said Melissa Moran from SoCal Signing Agents.

Moments like these bring warmth to the industry and remind us of why we do what we do.  Thank you Becky for being a shining example of excellence, your genuine sense of spirit and selflessness are admirable. Thank you Simone and Keith for working to illuminate the reverse mortgage industry with your positivity and for sharing such an incredible story.

Fannie Mae: Project Eligibility Review Service

Fannie Mae is a beneficial alternative to government insured projects, they offer their Project Eligibility Review Service (PERS). PERS is a review service available for lenders to submit project information to Fannie Mae for review and approval. As the industry continues to change options for condo approvals are valuable. Fannie Mae offers a comprehensive overview of their PERS requirements, a getting started guide and a list of projects that are currently approved. 

Use the instructions below to take the first step by checking if your condo project is currently Fannie Mae approved. 

  1. Click here to go to the Fannie Mae website, it will bring straight to the Condo, Co-op, and Planned Unit Development (PUD) Eligibility page
  2. From here you can explore all of the tools and guides that Fannie Mae has to offer, each designed to assist you in getting your condo FHA approved
  3. Locate the Project Eligibility Review Service section, second topic from the top
  4. Select the PERS Approved Project List
  5. Next, select the state in which your project resides
  6. Simply hold down ctrl + F to populate a search bar in the right corner
  7. Next, type in the city or project name you are inquiring about to see if it is referenced on the approved list

Upcoming Webinars: June

Introduction to Powers of Attorney

Wednesday, June 13,  2018 – 10:00am PST/1:00pm EST 

Reverse mortgages are complex and being prepared is key to a successful closing. Powers of Attorney are very common in the Reverse Mortgage industry. We are happy to share our experience and knowledge with you and together we can make the borrower’s experience a pleasant one.

Click here to register.


Live Demo: ListSource

Wednesday, June 20,  2018  10:00am PST/1:00pm EST

ListSource provides the data you need to gain homeowner intelligence to better target potential customers. With instant access to over 134 million homes in the U.S., you can precisely target the homeowner you want to reach. Join our webinar and we can demonstrate how to utilize these tools.

Click here to register.