Allegiant Reverse Services Expands to Frisco, Texas

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Allegiant Reverse Services (“ARS”), a division of FNC Title Services, LLC, today announced that it has increased the firm’s national reach with the opening of its Frisco, Texas office. This strategic expansion builds upon Allegiant’s success as the leading provider of title insurance services for the reverse mortgage industry.

The new full-service Allegiant title and settlement office is located at Hall Office Park in Frisco, Texas which is home to America’s only $5 Billion Mile. The new office at 2591 Dallas Parkway, in the upscale Legacy Park / Frisco area, is just minutes from the Dallas Cowboys Headquarters and major corporations including Toyota, JC Penney, Ericsson and Frito Lay. The Allegiant office is approximately 25 miles from both Dallas Love Field and Dallas/Fort Worth International Airport. This vibrant and energetic fast-growing market has been voted as the Best Place to Live (Money), Best Places to Relocate (Forbes) and Best Place to Raise an Athlete (Men’s Journal).

“We have expanded Allegiant’s national footprint to one of the fastest-growing markets in the country, and we couldn’t be more pleased,” said Rob Awalt, President and Founder of Allegiant Reverse Services. Awalt further explained, “Our continued growth and expansion as a leading provider of title insurance services for reverse mortgage lenders requires a strong Texas presence, and we believed that opening an office in the Frisco area signals our commitment to the Texas market. In addition, having a convenient Legacy Park location with lots of nearby amenities will help us attract the very best talent to become Allegiant employees.”

To read the complete article from Yahoo Finance, click here.

Documents, Flyers and Forms

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We are pleased to inform you that the Documents, Flyers and Forms tab is available on our website. You will now have the option to request a variety of educational flyers that pertain to reverse mortgage title and settlement. Our current library includes:

-Rate Calculator Guide
-Spotting Elder Abuse and Fraud
-Signing by Mark
-Power of Attorney Fraud
-Trusts
-Checklist for a Smooth Closing

You may request any of these flyers here or by emailing solutions@allegiantreverse.com.

 

 

Rob Awalt Builds A New Team

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Professional athletes who become successful in subsequent careers often cite lessons from their sports experience as helping them meet the challenge. For Rob Awalt, former tight end for the St. Louis and Phoenix Cardinals, Dallas Cowboys and Buffalo Bills from 1987 through 1993, the key takeaway is that the focus has to be on the team, not the individual. But to make the team successful, you have to concentrate on doing your own part as well as you possibly can.

This is the guiding principle that led Awalt to establish Allegiant Reverse Services in April 2016. The nationwide title and settlement company, headquartered in Roseville, California is dedicated exclusively to reverse mortgage closings. “We are not focused on running any other business or any part of the business, or the next real estate sale”, Awalt states. “If we take care of the borrower, the lenders are taken care of and have a loan that is done well that they can sell to a securitizer and servicer. Our part in the reverse mortgage process is to ‘glue it all together.” Not surprisingly, “we” and “team” references pepper Awalt’s conversations.

To read the complete article from Reverse Mortgage Magazine, click here.

FHA Increases HECM Loan Limit

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The maximum claim amount for FHA-insured Home Equity Conversion Mortgages has been increased from its current $625,500 limit to $636,150, according to Mortgagee Letter 2016-19 published by the Department of Housing and Urban Development.

This new MCA – which is equal to 150 percent of the Freddie Mac national conforming limit of $424,100 – becomes effective for case numbers assigned on or after January 1, 2017 and will last through December 31, 2017. The $636,150 limit also applies to the Freddie Mac high-cost exception areas, which include Alaska, Hawaii, Guam and the Virgin Islands.

The ARS rate calculator has been adjusted so clients can quote up to the new HECM loan limit before being notified that Jumbo fees are needed.

Our Year in Reverse

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2016 in Reverse

dec
Hard to be believe that we are ending 2016 with 38 employees up from 3 in April.   Our vision is now a reality – amazing staff, great leadership and outstanding partners.  We look forward to an even better 2017.  Happy Holidays

Our Training Center is now live on our website.

nov

Let us never forget to be thankful for everything around us. Click here for a special Thank you from our President Rob. We attended the NRMLA annual expo in Chicago where our VP Megan Awalt participated as a speaker on the panel to discuss A Better Borrower Experience: Preparing Your Client for a Smooth Closing.  We attended multiple industry social events where we got to know our clients better.

oct

Great leaders are hard to find. That is why on Bosses Day we made sure we showed our leader some love.  Also, we declared October to be Spirit Month. Our first live training class was introduced. We have since presented 11 live training classes, including client specific training. Megan was featured in the Reverse Review Magazine sharing a Title Tip: Signing By a Mark.
sep
We began building our educational library.
ARS attended the 16th Texas Reverse Day in Dallas.  We had the opportunity to spend some time with Rob’s former teammate and keynote speaker, Daryl “Moose” Johnston. Our new website went live!
 aug
We received our ALTA Best Practices Certification. In addition to our Secure Insight approval, this is another testament to show our commitment to protecting the privacy and security of our lenders and borrowers.  We are young at heart and to show how brave we have been through this transition we all took a leap of faith and flew.
Read our first newsletter August Newsletter
jul
During this month our main focus was acquiring talent to ensure we continue to deliver the prompt and excellent service our client are accustomed to.  Megan shared our first announcement with our clients.  The Legacy Continues.
jun
Here we grow!  The true definition of Teamwork was shown during this month.  Every staff member stepped out of their comfort zone to come together and build this company piece by piece.
ARS’ first feature in Reverse Mortgage Daily

may

Yes, We Are Open for Business!  In just a few weeks the name Allegiant Reverse Services was born, we found office space and our brand was established.  Our first official order was opened. We attended NRMLA in Huntington Beach for this first time as Allegiant Reverse Services.

apr

Day one of our new venture was spent at the East Coast NRMLA conference in New York City.  At that time we didn’t have a name, office or email address but we had a vision for what would become Allegiant Reverse Services. Throughout the event we heard the same message over and over, “I work with people, not with companies”.

We look forward to everything that 2017 will bring!

 

‘Twas The Night Before Funding

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‘Twas the night before funding at our borrower’s house
With five children, ten grand-kids, and one loving spouse
And one stack of bills by the chimney with care
Knowing funds to pay all of them soon would be there

For the stresses of finance had left him in debt
His golden years taken and replaced by red
But after a long, careful journey with an industry pro
Two days past he had signed, and tomorrow he’d close

And this LO was smart – she shared her borrower’s dream
With so much at stake, she trusted only one team
With decades of experience, knowledge, and care
With unmatched expertise and a genuine flare

Into the evening this team, they moved with a clatter!
Scanning docs, checking every detail that mattered
The title searched close with precision and care
Payoffs and taxes confirmed and the insurance square

And a timely disbursement, for that she never feared
Her borrower paid up just in time for some holiday cheer!
His confidence back, his life reassured
His LO and her settlement team kept their word!

Now back to his children, grandchildren and wife
And the LO to hers, her work done for the night
For excellence is our promise, nothing less, that’s your right
A timely funding for all, and for all a good night!

From our ARS family to yours, we wish you the Happiest of Holidays, and Thank You for making Allegiant Reverse Services your trusted Title and Settlement partner!

ARS Calculator Update- Suffolk County, NY

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The ARS Calculator has been updated to reflect a new fee in Suffolk County, New York. The county legislature approved an amendment to Local Law 26-2016 that adds a Mortgage Verification Fee of $300 per document on all mortgage related documents. This law goes into effect on January 1, 2017.

The Mortgage Verification Fee fee will apply to all mortgage related documents, such as, but not limited to, mortgages, mortgage assignments, CEMAs and mortgage satisfactions.

We stand behind our rate calculator, which is why we advise you to pull a new quote for each application, to ensure you are receiving a current fee. If you do not have access to our calculator, please inquire with us for a login.

New Title and Settlement Company Allegiant Reverse Services Caters to the Reverse Mortgage Market

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ARS’ team of experienced title experts brings determination and professionalism to the industry.

MEDIA RELEASE: Roseville, CA; Nov. 8, 2016

Recently launched Allegiant Reverse Services (ARS) is a full-service title and settlement company dedicated to reverse mortgage closings nationwide.

Led by industry veteran Rob Awalt, ARS aims to create an efficient transaction process for reverse mortgage lenders, brokers and senior borrowers, who can rest assured that their services will be completed accurately and on time. ARS offers clients reverse mortgage training, keeping them abreast of industry developments and providing innovative tools for loan officers.

With locations in California, Texas and Maryland, ARS has a growing team of seasoned title and settlement experts who use their extensive reverse mortgage experience to provide quality service to their clients. The ARS team will be attending the National Reverse Mortgage Lenders conference in Chicago later this month.

“ARS is not just a vendor, but a partner to our clients,” says Awalt. “We are problem solvers determined to find solutions, and our end goal is to take care of the borrower.” Awalt says embracing the pace of an ever-changing industry is the key to his company’s success. “To stay relevant in the reverse arena we have to be able to evolve with the industry. Our team is resilient and our willingness to adapt and adjust to our clients’ needs is what sets us apart.”

Learn more about ARS and its services by contacting Megan Awalt at 844-808-8299 or at allegiantreverse.com.

A Hug A Day…

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At the Allegiant corporate offices, we are not all work and no play! We keep our environment fun and ensure that everyone here knows how much they are a valued team member. On October 17th, National Boss’s Day, we wanted to ensure our fearless leader – President Rob Awalt, knew how much he was appreciated.  So we gathered around and surprised him with a big group hug!

Thanks Rob for all you do. Happy Boss’s Day!

UCC-3 Terminations and Notice of Independent Solar Panel Contracts

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Please note that in order to have a UCC removed from the commitment, we will require a UCC-3 be provided for our files. Please note that the UCC-3 does NOT need to be recorded.

Also, note, that the UCC-3 has no effect on a separate Notice of Independent Solar Contract that may also be of record. In order to remove the Notice of Independent Solar Contract, we do require a separate termination for this document. The lender also has the option to request an Endorsement specific to the Solar Panel Contract, and the cost for the endorsement is $100.00.

Please click here to access the most recent Fidelity National underwriting guidelines that are specific to Solar Panels.