September 9, 2020

In This Issue:

  • Gov. Abbott Extends State Disaster Declaration; Temporary Suspension of State Notary Statute Allowing Emergency Use of RIN Continues
  • TLTA's Local Legislative Liaisons Maintaining Connections With Texas Legislators Despite Barriers Created by Pandemic
  • With $11B Ellie Mae Deal Finalized, ICE Prepares to Unleash a “Fully Digital Mortgage Ecosystem”
  • Time to Speak Up: What Webinar Topics Would You Like to See?

Gov. Abbott Extends State Disaster Declaration; Temporary Suspension of State Notary Statute Allowing Emergency Use of RIN Continues

Texas Land Title Association | Sept. 7, 2020
Gov. Greg Abbott extended the statewide disaster declaration related to the COVID-19 pandemic on Monday. Under the governor's disaster declaration renewal, the emergency use of Remote Ink Notarization (RIN) continues to be acceptable in Texas.
 
Gov. Abbott temporarily suspended traditional notary regulations to allow for emergency use of RIN under COVID-19 public health protocols following a request from TLTA in April. Under RIN, a "wet signature" is still used, but the signature is witnessed by a notary via video and audio channels, and the notary seal is affixed at a later time.
 
On Tuesday, June 30, the governor's office granted TLTA's request for an indefinite extension of the temporary, emergency use of RIN in Texas, which will continue as long as the statewide disaster declaration remains in effect. 

Learn More About the Emergency Use of RIN in Texas »
 

TLTA's Local Legislative Liaisons Maintaining Connections With Texas Legislators Despite Barriers Created by Pandemic 

Texas Land Title Association | Sept. 8, 2020
COVID-19 may have complicated our efforts to maintain strong connections with the legislators who oversee our regulated industry, but TLTA's Local Legislative Liaisons (LLLs) continue finding ways to preserve the lines of communication with elected officials on which our TLTA community relies. Among the good work being done by our LLLs is the continued delivery of TLTAPAC checks via Zoom fundraisers and in-person meetings. As the upcoming election approaches and TLTAPAC giving moves into high gear, the timely delivery of PAC checks is a crucial component of our extensive efforts to support our legislative allies. 
 
If you're a Local Legislative Liaison, please continue signing up for your legislators' emails and let us know about any local fundraiser or giving opportunity so that TLTAPAC can facilitate your presence and participation. The Texas Legislature will reconvene in four short months, and relationship building is more important than ever as we face restricted access to legislators due to COVID-19 public health protocols.
 
If you haven't already done so in 2020, now is the time to step up and protect your career by making a financial contribution to your TLTAPAC. While the COVID-19 pandemic has disrupted our normal PAC fundraising efforts, we're closing the gap with our September PACathon, and you can help us meet our 2020 fundraising goal by making a financial contribution to your TLTAPAC today
 

With $11B Ellie Mae Deal Finalized, ICE Prepares to Unleash a “Fully Digital Mortgage Ecosystem”

HousingWire | Sept. 4, 2020
Nearly one month after Ellie Mae announced that it had agreed to be acquired by Intercontinental Exchange, ICE announced Friday that it had received regulatory approval and fully completed its $11 billion acquisition.

“We are excited to begin the next important chapter in our journey to digitize the residential mortgage industry,” said Jeff Sprecher, founder, chairman and CEO of Intercontinental Exchange. “Ellie Mae’s industry leadership and best-of-breed technology will better enable us to further accelerate the automation of the mortgage origination workflow, which will benefit stakeholders across the production chain, including consumers.”

Per the announcement, the transaction values Ellie Mae at an enterprise value of $11 billion – three times the all-cash transaction of $3.7 billion private equity shop Thoma Bravo spent acquiring it a little over a year ago.

According to the agreement with Thoma Bravo, shareholders received $99 per share in cash.
ICE has been a serious player in the mortgage tech space over the last five years, particular with M&A. The company acquired a majority equity position in MERSCORP Holdings, the owner of Mortgage Electronic Registration System in 2016, and purchased the remaining stake two years later. ICE also acquired Simplifile in 2019 for $335 million.
 
Read More »

Time to Speak Up: What Webinar Topics Would You Like to See?

Texas Land Title Association | Aug. 31, 2020
The TLTA Webinar Planning Committee  led by Chair Frances Hughes is busy planning another outstanding year of TLTA webinar programming. Help us make it the best lineup yet by letting us know what topics you’d like to see presented.
 
Please answer a couple of quick questions to help us continue meeting your continuing education and professional development needs. 

Check out these new additions to our on-demand video library, which were recorded during the 2020 Virtual Annual Conference and Business Meeting:
And don't forget, our library of more than 80 On-Demand webinars and videos covers the title industry topics you need to earn continuing education hours and stay ahead of the curve on the latest industry trends!