Fund News and Alerts

Keeping Track Is Easy with E-Closing DT

Did you know E-Closing DT’s secure, Member-branded Closing Portal includes status-tracking options with real-time updates via text or email? How easy is that! 

11/15/2022

Alert! Premium Remittances & Year-End Closing

Dear Member,

Welcome to YEAR-END.  We need your assistance with Premium Remittances to The Fund.  To ensure processing of your premium remittances and consideration for the 2022 annual rankings, you should remit your transactions as soon as possible.  If you utilize one of our software solutions – E-ClosingDT, DoubleTime or ePolicyManager (ACH policy payment) – and are interested in learning how to remit your policies electronically, reach out to your Business Development Advisor.

11/09/2022

The Wait is Over! The New 2021 ALTA Policy Forms: Basic Considerations and Fund Insuring Guidelines

On Oct. 3, 2022, pursuant to authorization from Florida’s Office of Insurance Regulation (OIR), title insurers in Florida began using the new 2021 ALTA Policy Forms with Florida Modifications (2021 Policy Forms). This article focuses on the most significant changes to the 2021 Commitment and Policy Schedules.

Read the article

11/01/2022

ALERT! FinCEN GTO Extended

A new Geographic Targeting Order (GTO) has been issued effective October 27, 2022 and ending on April 24, 2023.

View the New Geographic Targeting Order (GTO)

10/27/2022

Another Reason to Love E-Closing DT

One of E-Closing DT’s most valued features, Automatic Reconciliation, helps users prevent losses, reduce common accounting errors and safeguard escrow funds for a small additional monthly fee. 

10/19/2022

New ALTA 2021 Commitment, Policies & Endorsements are Here!

The Fund is pleased to announce that the Florida Office of Insurance Regulation has approved the ALTA 2021 Commitment, Policies, and fifteen new or amended endorsements (the 2021 Forms) for use in the State of Florida effective October 3, 2022. The 2021 Forms are the next generation of insuring forms. Read the article

10/03/2022

ALTA 2021 Forms Update

Read the Concept Article, Stay Tuned, ALTA 2021 Policy Forms are Coming Soon, for helpful information.

09/19/2022

Communicate Easily, Securely & Automatically with E-Closing DT

3 More Reasons to Schedule A Demo

One of E-Closing DT’s many great features is the Closing Portal, a user-friendly tool that lets you communicate easily, securely and automatically with all transaction parties right within the software. 

09/15/2022

UCC-1: The What, Why, and Where of Financing Statements

Commercial mortgages are rarely recorded without a corresponding UCC-1 financing statement (UCC-1). In addition to the real property, commercial lenders often require additional collateral as consideration for making the loan. A UCC-1 is required to establish the lender as a secured party and perfect the lender’s security interest in that other collateral. Perfection establishes the order of priority of claims of multiple creditors with a secured interest in the same collateral; i.e., who gets paid first in the event that the borrower defaults and there is a forced sale of the collateral.  Read the article

09/01/2022

ALTA 2021 Forms Coming Soon!

The Florida Office of Insurance Regulation (OIR) has approved the 2021 American Land Title Association (ALTA) forms for use in Florida.  

The new forms (including a new Commitment, Loan and Owner’s Policies, Short Form Residential Loan Policy and Endorsements) will be available soon. OIR has approved use of the new ALTA 2021 Policy forms in October. 

Important: You will be required to use the new ALTA 2021 forms after a short transition period.

08/29/2022