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By: Equity National April 6, 2015 No Tags Title
CFPB's latest toolkit gets good response [VIDEO]
Though the last time the Consumer Financial Protection Bureau released a guide to help consumers didn’t go well, the agency’s latest toolkit for prospective homeowners has had a much warmer response. New tool designed to help consumers understand disclosure documents The latest innovation from the CFPB, part of its “Know Before You Owe” initiative, will replace an older guide with a new toolkit designed to assist people thr...By: Equity National April 2, 2015 No Tags Title
It seems everyone wants better title insurance o...
Title insurance firms have taken a beating in recent years due to the volume of consumer complaints they’ve had to handle, but much of the blame can be placed on lax state regulation – something lawmakers are working to change. Title insurance firms want regulations to fit their specific industry more properly, consumers want to be treated better during the home buying process and regulators want these businesses to remain compliant ...By: Equity National March 30, 2015 No Tags Title
Millennials unaware of full cost of closing [VID...
Most experts agree that millennials are interested in buying homes. One obstacle that many will face during the process, however, is a lack of knowledge about the extent of closing costs. The majority of millennials are completely unaware of the extra costs that get tacked onto the price of a home during the closing process, and those who are uninformed could see their deals fall off track due to unexpected costs. It’s not just these y...By: Equity National March 17, 2015 No Tags Title
Making a connection with millennial clients [VID...
The talk of the housing industry is that millennials are finally ready to sweep in, save the day and mark the beginning of the end of the recovery. While the stage has yet to be properly set for a millennial entrance, research indicates that many people born in 1981 or later are nearly prepared to begin the home buying process, which means that businesses are going to have to make sure they’re ready to relate to the younger g...By: Equity National March 10, 2015 No Tags Title
How to properly use a customer satisfaction surv...
Surveying your customers shows that you want the best for them, and will also help you improve the quality of your business – but only if it is done right. Asking consumers what they think of your business will show you what areas you need to improve in, as well as where you’re already doing quite well. Knowing what customers want – as well as showing them you’re interested in what they think – will ultimately provide you with ...By: Equity National March 4, 2015 No Tags Title
New CFPB forms get bad response [VIDEO]
Two organizations have criticized one government watchdog agency’s recent updates to a couple of documents that play an important role in housing today. The American Land Title Association recently explained that the Consumer Financial Protection Bureau’s renewed Closing Disclosure form, set to be released in the near future, could end up confusing home buyers. Not long before the ALTA’s critique of the disclosure document, AC...By: Equity National January 27, 2015 No Tags Title
What can happen without title insurance
The decision not to buy title insurance can be the impetus for a number of horrifying situations. Purchasing a home is a huge investment in itself, but without title insurance, you could end up paying even more. There is always the chance that the title search missed something, and in that case, you could be as prepared as possible otherwise, but if you don’t purchase title insurance you’ll end up paying for the previous owner’s mi...By: Equity National January 15, 2015 No Tags Title
Building relationships for lenders in 3 easy ste...
Building relationships with peers and borrowers is essential for lending success. This is important in any industry, but for those in housing it is doubly essential, with the Consumer Financial Protection Bureau’s complaint database housing a wealth of stories of relationships gone sour due to ignorance or a lack of clarity. Knowledge of how to build and maintain strong relationships is something that nearly all successful business own...By: Equity National December 2, 2014 No Tags Title
Experts say title insurance is critical for home...
Every year, millions of Americans go through the mortgage process without experiencing a single issue. Unfortunately, though, there are some who do, and the problems they run into could end up being quite costly, depending upon where in the process they arise. For this reason, experts continue to urge consumers to get title insurance, which can potentially save them thousands of dollars. The problem is that many consumers may see this as ...By: Equity National December 2, 2014 No Tags Title