Fairborn 937-878-4333

Springfield 937-322-7333

News

Ohio Good Funds Law – Effective April 6, 2017

Be prepared if you are buying or refinancing a home this year and you have to bring over $1,000 you will have to Wire the money to the Title Company. Things to think about; How does your bank process work for a wire? Do you have to be there personally to sign for the wire?  Are they local to where you are now? All the wires must be verified before dispersing to all the parties so it has to be done before the closing ?  A day before would be best. Here is the information for yourself and clients Good_Funds_Statute_-_Change The title companies are working together to inform all Realtors and Lenders so we have a smooth transition on this new law. Have questions or concerns contact us:  937-878-4333 or...

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Major area of Reform – CFPB to CFOC

CFOC in stead of CFPB – This would definitely be a better than one agency without any consequence of their actions. It’s not just a change in name for the CFPB but a board overlooking what they do and a budget to go with it. The more the congress see the actions and re-actions of the CFPB I think they realize what origination they created. In a article by Michelle L. Korsmo, Chief Executive Officer of American Land Title Association here is an excerpt of the article. On Tuesday the House Financial Services Committee will begin the process of marking up (DC speak for editing a bill) and voting on Chairman Jeb Hensarling’s (R-TX) proposal to repeal and replace the Dodd-Frank Act. The bill is unlikely to become law in this Congress. The two main themes of the bill are to provide well capitalized banks with an off-ramp from new post-crash capital standards and increased penalties on financial companies for wrongdoing. A third major area of reform is a structural alteration to the Consumer Financial Protection Bureau (CFPB). The bill would turn the agency into the “Consumer Financial Opportunity Commission.” Along with switching leadership to a five-member board and bringing the agency on budget, it would have a new...

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Respa Tolerance break-down

Check out this actual break-down on when the bank has to re-disclose and start the 3 days once again. Thanks ALTA See the whole article here;  Click...

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Privacy Policy

INTERNET PRIVACY POLICY Ohio Real Estate Title, Inc. (“us”, “we”, or “our”) is committed to protecting your privacy. This page informs you of our policies regarding the collection, use and disclosure of Personal Information (as defined herein) when you use our website. We will not use or share your Personal Information with anyone except as described in this Privacy Policy. By using this website, you agree to the collection and use of information in accordance with this Privacy Policy. This Privacy Policy does not govern our use of any information you provide to us when you call us, write to us (including via e-mail), or communicate with us in any manner other than through this website. We have a separate privacy policy that governs our use of information you provide to us through other means. How Information is Collected Nonpublic personal information Nonpublic personal information may include, but is not limited to, your name, phone number, postal address, and email address (“Personal Information”). You can use our website without disclosing Personal Information. If, however, you wish to access certain products or services that we make available through our website, you may be required to provide Personal Information. We only collect Personal Information that you voluntarily provide. We collect this...

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Getting closer to the end of Affiliated Arrangements

Consumer Federal Protection Bureau (CFPB) is flexing their enforcement power.  In an article from the New York Times, Wells Fargo decided to do away with their Affiliated Business Arrangements so to maybe not fall into the same predicament as PHH Corporation with a $109 million penalty. New York Post...

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Title Talk Class – Tuesday March 17th 5:30pm

NEW TITLE ISSUES AND MORE Get Informed – Stay Current All Real Estate Agents Event – Bring a friend New Settlement Statement Begins Aug 1, 2015 – Will you be ready? We will go over the new Settlement Statement and the changes that will effect you and your clients. Class will only be about 1 hour!  Don’t miss this free class! Refreshments will be provided  Learn more about the CFPB C – Consumer,  F – Financial,   P – Protection,   B – Bureau Stay Current Find out how this will effect you, your business, how you do business and how it will effect your Buyers and Sellers RSVP NOW! mburr@oret.com   or 937-878-4333 or  937-602-9581 OFFICE TALK Want this for your whole office contact Mary to set up a class in your office. 937-878-4333 or 937-602-9581 or email:...

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