What Every Lawyer Should Know About Website Marketing

Any attorney who runs a small or solo practice realizes that having a website for that firm is mandatory, but in many cases, it’s not readily apparent how to make an effective website. Until fairly recently, small businesses could get away with publishing a website that was little more than…

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Why Law Firm Branding Is Critical For Marketing Success

Attorneys who run small firms and solo practices typically fill a lot of roles, and they’re often stretched well beyond their limits for time. It’s no surprise, then, that many, if not most, of those lawyers are giving short shrift to building their firm’s brand and marketing that brand. You’re…

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Everything You Need To Know About ALTA Best Practices

If it seems like you’ve been hearing more industry buzz about ALTA Best Practices recently, you’re not mistaken. Although the American Land Title Association (ALTA) first published its Best Practices in 2013, they didn’t begin to gain serious traction until 2016. Why 2016, you ask? After the Consumer Financial Protection…

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Does E-Closing Actually Reduce Fraud And Identity Theft?

The federal E-Sign Act (ESA), adopted in 2000, established that electronic signatures are legally valid and enforceable as part of a commercial transaction. The act created a general definition of an electronic signature as, “an electronic sound, symbol, or process attached to or logically associated with a contract or other…

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How Hackers Target Real Estate Transactions

Hackers have found far too many ways to wreak havoc on financial transactions in general, and more specifically in real estate transactions. Understanding what vulnerabilities these cybercriminals are exploiting to gain access to confidential information and to trick homebuyers into sending them large sums of money is the first step…

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Social Media Guide For Lawyers

A recent survey on attorneys using social media, which was conducted by Attorneyatwork.com, found that among its respondents, 90 percent use social media, and 70 percent include social media in their marketing plans. The American Bar Association (ABA) released the ABA 2016 Legal Technology Survey Report (TechReport 2016), which showed…

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Should My Real Estate Law Firm Go Paperless?

If you’ve been debating whether or not it’s worth it to take your law firm into the realm of paperless offices, you’re not alone. Running a paper-based office taxes manpower, space, and your budget, but many attorneys have doubts as to whether the effort and cost to convert will really…

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Four Ways Technology Improves The Mortgage Loan Life Cycle

The entire mortgage industry is evolving rapidly as the market shifts once again, regulations continue changing significantly, and technology becomes a more widely accepted part of creating a safer and more efficient mortgage production cycle. Our industry has been slower than most other industries to adopt technology on a comprehensive…

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Five Tips For New Real Estate Attorneys

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If you’re starting out as a new real estate attorney, things may seem a bit overwhelming at first. Whether you’re joining a firm or going solo, you’ve got a lot of opportunities to lay a solid foundation for your career and plenty of chances to make mistakes, too. These tips…

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What’s Happening with TRID Under the New Administration?

TRID-Questions

Now that the mortgage industry is beginning to function more smoothly under TRID (TILA-RESPA Integrated Disclosure Rule, also known as the Know Before You Owe Rule), and with proposed changes to TRID hanging in the balance since October 2016, industry experts are left wondering what will happen next, regarding TRID, under…

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Marketing Tips For Your Solo or Small Law Firm

Running your own law practice or being part of a small firm requires you to wear many hats. Not only are you practicing law but you are managing the firm as a small business owner, billing clients as an accountant or keeping track of calls as a secretary. The one…

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3 Factors That Really Matter When Marketing Your Law Practice’s Website

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Growing your law practice and expanding its growth can be quite the challenge as a lawyer. Having the right website that distinguishes you as a leader in the law industry is crucial for maximizing your success and propelling your growth. In order to do so, its key to focus on…

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Is Your Company Prepared For E-Closings?

Since the Electronic Signatures in Global and National Commerce (E-Sign) Act became law in 2000, there’s been a lot of speculation as to when the use of e-sign and e-closing would take over as standards in the mortgage industry. At a glance, it appears that TRID compliance should have been…

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Time Management Tips For Lawyers

For attorneys, it’s all too common to find yourself with too much work to get done, and not enough time to get it done in. This is especially true if you’re a solo practitioner or if you run a small practice. A study of non-billable hours in law firms of…

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Clipping Increased Closing Costs For Title Agents

First American Title recently released their Real Estate Sentiment Index (RESI) report for 2016, and it indicates significant increases in title agents’ cost to close a transaction. On a national average, title agents reported their costs had risen by $210 per transaction in the third quarter of 2016. Regional variances…

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Speed Through Required Documents For Real Estate Closings

Real Estate Closing Attorneys and Title Closing Agents are responsible for producing a great deal of critical, required documents for real estate closings, on a very tight schedule. The smaller the practice, the more of a challenge it can be to ensure full compliance with TRID requirements, ALTA Best Practices,…

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How Real Estate Lawyers Can Provide Better Client Service

Real estate lawyers can grow healthy, even thriving, practices by providing better client service, beginning with intake, and continuing throughout the entire transaction and beyond. Clients who get excellent service make more referrals and offer other support that helps you grow your practice, such as online reviews and social media…

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Ensuring Complete Loan Applications For Residential Mortgages

The mortgage industry has gone through some significant changes since the implementation of TRID (TILA-RESPA Integrated Disclosure Rule) in late 2015. The entire mortgage production chain has to work more quickly to produce compliant and accurate loan and closing documents, and the new requirements have caused confusion and bottlenecks resulting…

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Four Things Your Small Law Firm Can Do To Stay Competitive

Solo attorneys and small law firms have some significant challenges in staying competitive and profitable. The smaller your firm is, the more routine, non-billable tasks you end up taking on yourself, which means you have less time to spend practicing law, generating new business, and servicing clients. You didn’t need…

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Using Technology To Achieve More Efficient Real Estate Closings

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The mortgage industry is shifting focus from re-fi loans to purchase loans as the economy improves and more buyers are qualifying for mortgages. In September 2016, re-finance transactions accounted for 45 percent of all mortgages closed, while purchase transactions have grown to 55 percent of the total. As interest rates…

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Massive Increases In Mortgage Defects Under TRID

Increased Mortgage Defects Under TRID

Since the implementation of the TILA-RESPA Integrated Disclosure Rule (TRID, a.k.a. the Know Before You Owe mortgage rule), both Fannie Mae and the Federal Housing Authority (FHA) have developed their own taxonomies for mortgage defects, and severity scales. Fannie Mae’s system includes 12 categories, and a more simplified severity scale.…

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Cutting Operation Costs That Can Affect Real Estate Transactions

Realtor handing the keys to his client, closeup

As  anyone involved in the real estate industry knows, operation costs can easily get out of control, thanks to inefficiency and dealing with disparate, sometimes redundant, systems that are often based on fallible manual document preparation and poor communication. A recent study by Accenture found that the title production process…

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How To Grow Your Law Practice From Solo To Small Firm

If you’ve begun a successful solo law practice, congratulations! You’ve already achieved a significant milestone in your career. You’re probably also discovering that no matter how many hours you put in and how organized you are, there is a hard limit to how many clients you can effectively handle, which,…

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Improving Mortgage Industry Cyber Security Through Secure Communications

Improving Mortgage Industry Cyber Security

Cyber Crime, including phishing and hacking are nothing new, but in recent years, the amount of Cyber Crime specifically targeting real estate transactions has skyrocketed. In May 2015, the National Association of Realtors (NAR) issued an alert to its members warning of variations on a fraud scheme in which hackers…

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Proposed Changes To TRID Aim To Make Implementation Simpler

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When the TILA-RESPA Integrated Disclosure Rule (TRID, a.k.a. the Know Before You Owe mortgage rule), went into effect in October of 2015, its intent was to create an environment of informed consumers and to prevent buyers from biting off more than they could chew in the real estate market. The…

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3 Rules to Follow When Making the Right Software Selection for Your Practice

Making the Right Software Selection for Your Practice

Making a decision on software to help run your family law and real estate closing practice is an important decision that will have an effect on your process. When making an educated comparison on which software best fits your needs, it’s key to analyze certain factors that can help you…

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Is panic over TRID rule justified?

Depending on what one reads and believes regarding the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule in October, the rule is either no big deal or a really big deal. When the ‘Know Before You Owe’ mortgage disclosure rule took effect couple of months ago, many…

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