September 2003


AUTOMATED PROPERTY VALUATION TO SURGE

Tech spending to increase to $193 million over next 5 years By Jessica Swesey

Inman News   Source: ALTA.org

Cutting human resources isn't the only option lenders will consider to reduce costs in the post-refinance boom era. Some may decide to sink more money into technology and focus on streamlining the loan underwriting process. MORE STORY

90-Day ACCOUNTS DRIVE RISE IN MORTGAGE DELINQUENCY 

By Sam Garcia MortgageDaily.com   Source: ALTA.org -
A bad economy and the war in Iraq were factors affecting a rise in mortgage delinquency, according to the second-quarter National Delinquency Survey released by the Mortgage Bankers Association of America (MBA) Wednesday.
According to the survey, the seasonally adjusted delinquency rate for mortgages on one-to-four-unit residential properties rose ten basis points from the first quarter to 4.62%. A year ago the rate was 4.77%. MORE STORY

 2002 TEXAS TITLE INSURANCE BIENNIAL HEARING

The Rule portion of the 2002 Texas Title Insurance Biennial Hearing was held Wednesday, September 24, 2003 at 10:00 a.m. at the Texas Department of Insurance office building in Austin. The Commissioner rendered no decision regarding proposed agenda items at the conclusion of the hearing, but requested that written comments on the items under consideration will be submitted by October 3, 2003. We will advise you as soon as the Commissioner rules on the agenda items that are heard. The Rate portion of the hearing is currently set for December 15, 2003 at 9:30 a.m. For a complete list of agenda items, amended items and TLTA’s current positions, please click here. 

NEW MEMBERS

Please join us as we welcome the following new members to TLTA:

ACTIVE MEMBERS 

Corpus Christi Title Services, L.L.C.
E. Brent Bottom, President
14937 South Padre Island Drive
802 N. Carancahua, Suite 1500
Corpus Christi, Texas  78470
County: Nueces
Phone: 361.949.2800  Fax: 361.949.0251
email: bbottom@sanjacintotitle.com

Premier Title Company of Dallas, L.C.
John McCain
15950 Dallas Parkway, Suite 100
Dallas, TX  75248
County: Denton
Phone: 972.308.8000  Fax: 972.991.7292
email: jmccain@stewart.com 

TETRS, LLC
Matthew R. Ball, Manager
610 Dallas Drive 
Denton, TX 76205
County: Fort Bend, Harris, Denton, Collin, Tarrant
Phone: 940.565.0081 Fax: 940.565.0130
email: pnichols@tetrs.com
website: www.tetrs.com 

San Jacinto Title Services of Rio Grande Valley
E. Brent Bottom
4900 N. 10th St. Suite E-2
McAllen, TX  78501
County: Hidalgo
Phone: 956.688.5611 Fax: 956.688.5763
email: bbottom@sanjacintotitle.com
website: www.sanjacintotitle.com 

BRING A NEW MEMBER ON BOARD!  2003-2004 MEMBERSHIP CAMPAIGN

The Member Services Committee has announced their 2003-2004 membership recruitment campaign. For every NEW member you recruit, your name will be placed in a drawing for a 2004 TLTA Annual Conference registration. Individuals who recruit the most members will be recognized in Downdate and at the 2004 TLTA Annual Conference. If you are in need of membership packets or applications, please contact Paula Thomas at 800.472.1711 or paula@tlta.com. Remember to write your name as a reference in the space provided on the membership application before sending it to the company you are recruiting, so that we can make sure you get credit.


THE TLTA GREENSHEET
Looking for the best method to reach other title industry professionals? Whether you are advertising for a job opening, selling your business, equipment or service, the TLTA GREENSHEET is your answer. Click here for the latest GREENSHEET classified ads, your on-line link to title industry related employment and business opportunities in Texas. 


PUBLICATIONS
The 2003-2004 TLTA Membership Directory is being printed as of this writing, and will be mailed to TLTA members in the next few weeks. As in past years, each member company will receive a designated number of directories at no charge. Once you have received your first shipment of directories additional copies can be ordered as needed. If you have questions regarding how many directories your company will receive, please e-mail kelly@tlta.com. 


EDUCATIONAL OPPORTUNITIES ABOUND!

The West Texas Regional Seminar/Video Simulcast was held on September 13 with a total of 178 participants in Lubbock, Midland and El Paso. The video simulcast format has been well received in West Texas for the past two years. We are already working to refine some of the technical issues that present a challenge when broadcasting to several locations in order to make next year's program even better.  An Unclaimed Property Teleconference was held Sept. 18 to a total of 51 participants with speakers Kay Tuggle and Elaine Walker from the Unclaimed Property Holder Reporting Section of the Office of the Texas Comptroller.

Registrations are beginning to roll in for both the October 2 Legislative Update Teleconference and the October 14-15 Austin Regional Seminar to be held at the Renaissance Austin Hotel.  We will offer our first of three Abstract/Examination Workshops on November 5 in San Antonio, as well as our revamped Advanced Closing Issues Seminar in Irving on November 13. Don't miss the great line-up of programs TLTA is offering this fall - and earn CEUs at the same time! For more information about any of these seminars, or to view the 2003-2004 TLTA education calendar, click here.


UPCOMING BOARD MEETINGS

The TLTA Board of Directors will meet in Austin on Wednesday, October 15, 2003 in conjunction with the Austin Regional Seminar. The meeting will be held at 1:00 p.m. at the Renaissance Austin Hotel,  9721 Arboretum Boulevard. We encourage you to get involved in your association by attending one of the board meetings. A preliminary agenda is available approximately two weeks prior to each meeting and can be obtained by calling Leslie at the TLTA office at 800.472.1711.

M0VERS AND SHAKERS

M0VERS AND SHAKERS
CORDERO NAMED CHAIR OF TEXAS RESIDENTIAL CONSTRUCTION COMMISSION
AUSTIN – Patrick Cordero of Midland has been named by Governor Rick Perry to chair the Texas Residential Construction Commission. The commission, created by the 78th Texas Legislature, will register homebuilders and develop building performance standards. Cordero is chief executive officer of Strategic Abstract & Title Corporation, a member of Texas Land Title Association and a member of the American and Texas Bar Associations. Cordero is president of the Midland Community Development Corporation and previously served on the Texas Appraiser Licensing and Certification Board and the Telecommunications Infrastructure Fund Board. He earned his bachelor’s degree from Texas A&M University and his law degree from Texas Tech University School of Law.


SEND US YOUR FEEDBACK – AND YOUR IDEAS

We'd love to hear your comments about DOWNDATE. Please send your feedback or article for reprint to Kathy@tlta.com