Commercial Real Estate Blog by Madison
Tag Archives: title insurance underwriter

Mortgage Fraud: Beware of Illegal Schemes

By: Elliot Zaks, Principal, Madison Commercial Real Estate Services

Mortgage fraud is a growing threat to the real estate industry. Although most people involved are honest, there are some borrowers, loan officers, title agents and attorneys engaging in criminal activity in order to make a quick buck. The real estate market is still suffering from the aftermath of the industry meltdown. Suspicious activity reports for mortgage-related fraud is climbing steadily each year, reaching 93,508 in 2011, versus the 46,717 reported in 2007.* While reporting suspicious activity is up, new technology has also made fraud easier than ever. Computer systems leave a window open for enterprising and technology-savvy criminals. All it takes is an Internet connection and a copy machine to produce a false Satisfaction of Mortgage document.

In a recent seminar hosted by the Madison Learning Center, the Vice President and Claims Director at one of the nation’s major title insurance underwriters discussed the various ramifications of mortgage fraud. Here are some of the most common scams now and some of the warning signs to spot potential fraud. Continue reading

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Down to Details: Understanding Endorsements in Title Insurance

By Michael Donini, Esq.

While time may not always allow an attorney to read through every detail of the boilerplate title insurance policy, a skilled practitioner should definitely know the exact details of the customized portions of the policy and the scope of the title insurance coverage given by endorsements. Why? Because a full understanding of policy endorsements and their benefits will ensure a client’s proper title insurance coverage. Continue reading

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New Title Insurance Alliance – Is It A Game Changer?

By Michael Donini, Esq.
Senior Commercial Counsel, Madison Title

Earlier this summer, five regional title insurance underwriters reported their decision to join forces and form the American Title Reinsurance Alliance (ATRA). The Agents include National Title Insurance, Alliant National Title Insurance, Attorneys’ Title Guaranty Fund, Connecticut Attorneys Title Insurance, and Security Title Guarantee—and more may be joining the fold.

What’s behind this alliance, and what are the pros—and cons? Is it a game changer? Continue reading

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What Impact Will The Consolidation of Title Insurance Underwriters Have On Real Estate?

As we begin 2012, with January under way, our President is set to deliver the State of the Union and most Governors their State of the State. It is also the time when title companies await the findings of the American Land Title Association (ALTA) to see a snapshot how the industry faired in 2011. The first nine months of the year showed that of the nearly $7 billion of title premium written nationwide. Click here to learn what percentage of the transactions underwritten in 2011 was handled by each of the major underwriters and how consolidation of underwriters may impact the real estate industry. Continue reading

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