February 1, 2017

Register for Day at the Capitol – We Need to Pack the Halls!

Please sign up today for TLTA's Day at the Capitol. We are in the process of scheduling appointments with your elected officials. We know everyone is busy, but it is critical that we have a large group this year, and YOUR PRESENCE WILL MAKE A DIFFERENCE! To accommodate your schedule, we're offering two options.
The two-day option – Feb. 13-14. Recommended if your schedule and budget permits. Benefits include:
Hear keynote presentations from guest legislators
Get an in-person briefing and have the opportunity to ask questions
Meet and visit with colleagues with whom you'll be making legislative calls
Visit with the TLTA lobby team

The one-day option – Feb. 14. If you can only come for one day, please come anyway!
Participate in the Feb. 9 orientation webinar to get tips and FAQs
Arrive at the Capitol on Tuesday, Feb. 14 to pick up your materials and hit the ground running
Register online or using the printed form.
Learn More »

TDI Quarterly Audit Results Published

Texas Department of Insurance | Jan. 30, 2017

The following is a summary of recent TDI audits, violations and enforcement actions from September 2016 through November 2016. Read TDI's complete summary of operations for the quarter or read the key statistics below.
Compliance Audits: TDI's goal is to comprehensively audit agencies at least once every two years. That means this quarter (within the last three months), TDI conducted 53 audits. 
Commissioner Orders and Active Cases: From September 2016 through November 2016, Commissioner David Mattax signed two orders resulting in fines or the revocation of escrow officer licenses. As of this report, 55 cases remain active and under investigation.
Compliance Audit Results: Below are TDI’s most common audit findings from September 2016 through November 2016. The numbers below represent how many agencies had an infraction, not the number of times the infraction occurred.
Number of Agencies Category Description
35 Texas Insurance Code Section 2702.053 – Actual receipts and/or disbursements not in agreement with settlement statement or premium split not disclosed.
28 Minimum Escrow Accounting Procedures and Internal Controls #16 - Every disbursement not supported by invoice or sufficient other evidence.
22 Procedural Rules P-21: Schedule D of commitment not in file or premium split not disclosed on commitment.
21 Procedural Rules P-73: Failure to prepare/maintain Form T-64 (TD) when CD used.
21 Minimum Escrow Accounting Procedures and Internal Controls #15 – Disbursement sheets missing, incomplete or incorrect.

Pence, Hensarling: Dismantling Dodd-Frank Remains a High Priority 

HousingWire | Jan. 26, 2017

It’s been a busy first week in office for Donald Trump, with executive orders on immigration, energy, trade, health care, and more being handed down daily.
But executive orders are just the preamble to the big initiatives that Trump and the Republican majority in Congress are expected to push for shortly.
Chief among those is the “dismantling” of the Dodd-Frank Wall Street Reform Act.
Read More »

Long, Slow March Toward Digital Mortgage Continues 

MBA Newslink | Jan. 26, 2017

Many lenders are doing at least one phase of an eMortgage, such as applications, disclosures, closings or secondary market eVaulting. Fannie Mae and Freddie Mac are buying eNotes; vendors have developed products for authentication, signatures, applications disclosure delivery, eVaults, recording and notarization. And the MERS eRegistry actively tracks ownership and transfer of those interests through eNotes.
For lenders, finding that balance between high-tech and high-touch represents a moving target. For every Quicken Loans that has seemingly perfected the digital/personal balance, there are a half-dozen other companies trying to strike a balance among technology, customer service and profitability.
Read More »

TLTA is scheduling several live webinars for spring 2017. Register now, or reserve your On-Demand version today!

Credit Where Credit Is Due (Wednesday, Feb. 15)
Unclaimed Property (Friday, Feb. 17)
Commercial Closing: A to Z (Tuesday, March 7)
1031 Exchange (Wednesday, March 8)
Decedents' Estates (Thursday, March 16)
The Long and Short of It (Wednesday, March 22)
Foreclosures (Thursday, April 20)