FBI Fraud Alert for Lenders on Wire Fraud Scams

Wells Fargo Bank and the Federal Bureau of Investigation (FBI) recently issued separate alerts throughout the industry regarding settlement agent wire fraud.  The reports, circulated in September, provided details of a...

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What is the CPL if It Is NOT Insurance?

A frequent question I often hear from lenders who have a claim related to a title or closing agent is “What is the insured closing letter all about?”  When I turn the tables and ask them what they think it is, the answers...

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The Titanic Syndrome

Being a sales oriented business, mortgage lending resists anything that creates roadblocks, no matter how temporary, to the loan closing.  The attitude is understandable, however short sighted it might be when facing a...

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