Wednesday, November 21st at Noon with recording hours restricted to 8 a.m. to 11 a.m.
Thursday, November 22nd and Friday, November 23rd
Monday, December 24th and Tuesday, December 25th
It's Not Fear That Gets In The Way of Daring Leadership. It's Our Armor.
by Brene Brown
What, if anything, about the way people are leading today needs to change in order for leaders to be successful in a complex, rapidly changing environment where we're faced with seemingly intractable challenges and an insatiable demand for innovation?
We need braver leaders and more courageous cultures. Click HERE to learn more.
With the Dodd-Frank load lightened, expect small and regional banks to provide more loans in their communities-helping not only the banks' bottom lines but also the communities that they serve.
"I expect the banks in existence today will continue to grow in asset size," says David Christiansen, EVP and CCO at Patriot Bank. "They should strengthen in terms of safety and soundness. I don't anticipate that just because Dodd-Frank is rolled back that regulators will dramatically change their safety and soundness standards. So I think the overall industry is poised to strengthen."
Click HERE to learn more.
Hundreds of Mortgage Execs Ask CFPB to Change LO Pay Rules
by Ben Lane
To address the issues with the LO Comp rule, the execs lay out three changes to the rule they'd like to see enacted.
First, the execs suggest that loan officers should be allowed to voluntarily reduce their compensation to allow them to compete more fairly in the market.
Second, the group want to be able to reduce loan originator compensation when the LO makes an error in the loan process.
Lastly, the group wants to be able to pay varying compensation on loans made under Housing Finance Agency programs. Click HERE to learn more.
Rethinking Compensation Incentives Crucial For The Banking Industry
from Banking Exchange
Researchers have challenged conventional wisdom on how to motivate workers and seem to have proven that increased compensation opportunities based on traditional incentive programs can not only be ineffective but can actually be detrimental to worker performance.
In motivating different people at your bank, think through the bank's objectives and match the compensation system. Identify what motivates certain individuals, and design jobs and compensation programs to bring out not only good production, but also good behavior. Click HERE to learn more.
Relationship: Both of these products are the result of a search or examination of the "title" to the property evidenced by the public records and/or a survey and inspection of the property.
A title search is a process that a title company goes through to see if there are any encumbrances on the property. Once the title company goes through the search, it can then offer an insurance policy to the buyer of the property. This policy helps insure their rights to the property. Click HERE to get all the details.
Discontent is the first necessity of progress. Show me a thoroughly satisfied man and I'll show you a failure."
~ Thomas Edison ~
**Remember to offer your borrowers Owner's Coverage on their most valuable investment. It's a one time premium with a lifetime of security. In addition, they will receive a reduced premium rate when they obtain it simultaneously with your Lender's Coverage.**
WANTED: YOUR FEEDBACK
What Topics Are On Your Mind?
Virginia Title Center wants to provide you with pertinent information in future E-Blasts and Webinars. What questions are on your mind regarding the real estate and mortgage lending industry? What topics would you like addressed in future E-blasts?
Send Patti your thoughts.
Past issues of the Virginia Title Center E-News are archived on our website HERE
Patti L. Dickerson
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