Fund News and Alerts

Fake Check Scam Reminder

Over the past several years, we have published several alerts and spoken at Assembly and other seminars about the Fake Check Scam. It is time to publish a reminder.

11/13/2015

Fund Software: Windows 10 Compatible

We are pleased to inform you that testing has been completed for Fund products with the Microsoft Windows 10 operating system.

The following products perform under Windows 10 and Internet Explorer 11:

 

       

 

11/03/2015

New Settlement Statements Module FAQs!

14.20 The lender has asked me to show the buyer’s title insurance credit in the seller column of the lender’s title insurance premium on Page 2. How do I do this?

14.21 The lender has asked me to show the lender’s title insurance endorsements on a separate line. How do I do this?

14.22 The lender has asked me to show the transfer taxes on separate lines in Section E on Page 2. How do I do this?

10/28/2015

Email Hacks

Hackers sending emails to the closing agent directing a change to the disbursement instructions. 09/02/2015

TRID Effective Date has Moved!

The effective date is moved to October 3rd!

06/18/2015

Doral Bank of San Juan, Puerto Rico CLOSED

We have been advised that on Friday, February 27, 2015, Doral Bank, San Juan, Puerto Rico, was closed by the Commissioner of Financial Institutions of Puerto Rico, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Banco Popular de Puerto Rico, Hato Rey, Puerto Rico, to acquire the banking operations, including all the deposits, of Doral Bank.

02/27/2015

Update Electronic Delivery Feature

How to Continue Using Electronic Delivery For policies in Broward County

Effective January 1, 2015, Broward County moved from an Official Records (OR), Book/Page number as the primary document reference to an Instrument Number reference system (for example, INSTR # 112725637).

02/18/2015

International Promissory Notes

We have been made aware of several completed and in-progress transactions where the funds to purchase the property were held by a third party and were in the form of an International Promissory Note (IPN) rather than cash. It is unclear at this time whether IPNs are legal tender. One of the sellers has filed suit to halt the transfer of the property after receiving no funds, but instead, an IPN.

02/13/2015

Broward County Documents

Switch from Book/Page number as the primary document reference to an Instrument Number

Effective January 1, 2015, Broward County moved from an Official Records (OR), Book/Page number as the primary document reference to an Instrument Number reference system (for example, INSTR # 112725637).

02/12/2015

REVISED ALTA ENDORSEMENTS AND FORMS

On May 19, 2014, Florida's Office of Insurance Regulation ("OIR") approved certain revisions to the 2006 ALTA 9 and 14 endorsement series, the ALTA 10 Endorsement and minor revisions to the MF6, SF6 and USA Policy forms.  In addition, OIR approved the discontinued use of the 2006 ALTA 9.3 and 9.5 endorsements, as well as Florida's Assignment of Mortgage Endorsement and Florida's Form 9.1.  The foregoing revisions are discussed below.

08/08/2014