Posts Tagged ‘WFG’

Pat’s Insights: Highlights from the Business Briefing Radio Show

Monday, March 17th, 2014

Watch Pat’s highlights from the Business Briefing Radio Show about the current state of our market.  These monthly clips are designed to keep you up to date with all things related to real estate.

 

Pat’s Insights 2-25-14 from Justin Tucker on Vimeo.

WFG’s Compliance Management System (CMS) Coming to a Desktop Near You

Thursday, March 13th, 2014

One of nearly 30 prewritten policies and procedures offered to agents

Confused by the CFPB and talk of “Best Practices”?
Don’t know where to start?  Unsure of how these industry changes will affect your business?  WFG is here to help you!

WFG is proud to announce the upcoming launch of its Compliance Management System (CMS), a simple, intuitive structure to help any agent of the Company navigate the changing compliance environment.

Housed on the Company’s agent website, the CMS system is comprised of a basic education about new regulatory requirements, but its primary feature is a “library” of policies and procedures prewritten but customizable in a fillable form for agents to simply modify based on their own agency’s processes. (Please see partial sample of one of the library’s policies to the right.)  These offerings cover everything discussed in ALTA’s Best Practices and more, from “Clean Desk and Clear Screen” policies to “Disaster Recover” policies.

Along with these policies and procedures, WFG is providing agents the ability to create their own, full-service compliance package with other miscellaneous items lenders want to see – documents such as overviews of the agency, bios of key staff, and organizational charts.  Where the policies and procedures are the chapters and core of a metaphorical book, these “extras,” provided as WFG’s commitment to collaborate with agents, are the book’s cover, table of contents, and index.  Together, they create a complete compliance package that can be handed off as a thorough, professional product to any lender or requesting regulatory body.

What this comprehensive program means to agents is pivotal: Less time handling important, but often-cumbersome, administrative tasks, and more time performing the day-to-day title and escrow duties that sustain their business.  What this means to lenders and regulators is equally important: a standardized operations program to help safeguard lenders and consumers.

WFG’s CMS also serves as a warehouse of information about technology products that can assist agents in their implementation of CFPB-compliant processes.  From document shredding to email encryption, the CMS site connects agents to technology solutions that will help agents streamline their compliance procedures.

Finally, WFG’s CMS site serves as a current training and news source on CFPB-related topics.

The site is expected to rollout to agents in April 2014.  The CMS will be reviewed and adjusted continuously, based upon feedback from agents, lenders, regulators and other key stakeholders.

For more information contact Rick Diamond, Senior Vice President of Information Technology, Agency Operations at rdiamond@wfgnationaltitle.com or 617-721-9703.

News Radio Interview with Patrick F. Stone: Brian Bushlach’s Business Briefing on FM News 101 KXL Portland and 770-AM KTTH in Seattle

Monday, March 10th, 2014


Segment 1:

Patrick Stone, President and CEO of Williston Financial Group (WFG) and WFG National Title Insurance Company, and Brian Bushlach discuss the state of the economy, household debt and a forecast for 2014.


Listen Now!


Segment 2:

Economic expert Patrick Stone speaks with Brian Bushlach about the real estate market, inventory, appreciation and the future.


Listen Now!

WFG Introduces Compliance Management System for Agents

Monday, March 10th, 2014

Technology will enable agents to meet ALTA Best Practices, demonstrate safeguards to clients.

Santa Barbara, CA  March 7, 2014              WFG National Title Insurance Company (“WFG National Title”), has introduced technology that will enable title agents to implement key compliance safeguards as well as demonstrate to the agents’ clients that they have done so.  The Compliance Management System (CMS) will soon be available nationwide.  WFG National Title is a full service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide.

According to Joseph Drum, Esq., Executive Vice President overseeing WFG National Title’s agency division, the CMS software meets and surpasses the American Land Title Association’s (ALTA) Title Insurance and Settlement Company Best Practices (Best Practices) requirements, saying “it addresses some of the concerns that many mortgage lenders have expressed about partner compliance that rise above and beyond those areas covered by the Best Practices, which is the first step in any agent’s CMS of course.”  WFG National Title’s CMS will enable agents to implement the necessary compliance safeguards and demonstrate to clients that those safeguards are in place.  A WFG agent will able to deliver to a concerned lender a notebook detailing the agent’s CMS and how it works.

“Our agents have been asking for several months what it takes to be compliant,” said Drum. “This CMS has been reviewed and approved by many of the country’s leading lenders and GSEs.  Providing this tool to our agents is merely an ongoing part of our responsibility to collaborate with them.  It will help them not only to stay in business, but to grow their businesses as well.”

The CMS will be reviewed continuously, based upon input received by WFG National Title from the lender and regulatory community. WFG National Title will offer an on-line service that enables a title agency to verify that it is operating under the CMS.  The service will also allow the agency to advertise its participation in the program.  “The real estate industry has been struggling to define what is necessary to comply with federal law and regulations,” said Drum.  “We see this CMS as a defining document demonstrating what we in title and settlement can do to protect both our consumer and business customers.”

The technology will only be available to WFG National Title agents.  For more information contact Rick Diamond, Vice President of Information Technology, Agency Operations at rdiamond@wfgnationaltitle.com or 617-721-9703.  You can also learn more at  wfgnationaltitle.com, or by contacting  any WFG agency regional manager.

 

About WFG National Title Insurance Company

Portland, Oregon-based WFG National Title Insurance Company, a Williston Financial Group Company, is a national provider of premium title insurance and settlement services to the real estate and mortgage industry.  The fastest growing national title underwriter, the WFG family was the nation’s seventh largest provider of title insurance at the end of the third quarter in 2013, three years after its entry to the market.  (Based upon market share.  Source:  American Land Title Association http://www.alta.org/industry/financial.cfm).  WFG National Title also delivers a wide variety of residential and commercial mortgage lender services, including default and real estate owned transactions.  The company enjoys a Financial Stability Rating of A’ (A prime) as assigned by Demotech, Inc.  Built around the directive to “communicate, collaborate, coexist,” WFG National Title Insurance Company is committed to applying a new philosophy to the traditional mortgage and real estate industry, working to meet the changing needs of its clients, agents and associates.  For more information, please go to www.WFGNationalTitle.com.

Aubrey Joins WFG National Title’s Regional Management Team

Tuesday, March 4th, 2014

Industry Veteran to Manage Agency Relationships in NJ, PA 

Santa Barbara, CA  March 3, 2014   Lisa J. Aubrey has joined WFG National Title Insurance Company (“WFG National Title”) as a senior vice president and state manager for the company’s agency division in New Jersey and Pennsylvania.  WFG National Title is a full service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide.

A title insurance industry veteran, Ms. Aubrey has more than 20 years experience in the field, most recently as director of agency training for one of the industry’s largest title underwriters. Prior to that, she gained experience at several New York and New Jersey title companies, holding positions ranging from settlement clerk and post-closing coordinator to vice president in charge of operations.

A graduate of Montclair State University, from which she obtained an undergraduate degree in Communication Studies, Ms. Aubrey completed the Title Insurance Licensing Course at the Professional School of Business in Millburn, NJ.

She is actively involved in the New Jersey Land Title Association, (“NJLTA”), where she has served on the Board of Governors for the past two years.  Ms. Aubrey also serves on the NJLTA Rating Bureau (a voluntary association of title insurers who collect and share financial information to support rates proposed to the New Jersey Department of  Banking and Insurance), on the association’s Website Design Committee, and on its Convention Committee, which she is chairing this year.

“Lisa’s expertise as a trainer and her broad knowledge of compliance and compliance technologies target two of WFG’s top priorities,” said Joseph Drum, Esq., Executive Vice President at WFG National Title. “We want to provide the tools and support title agents need to compete and succeed in a rapidly changing and increasingly challenging industry, and Lisa’s background and skills advance those efforts.”

Drum also noted Lisa’s active involvement in the NJLTA, which, he said, “reflects a commitment to the title industry that WFG shares, supports and encourages for all of its employees and affiliates.”

 

About WFG National Title Insurance Company

Portland, Oregon-based WFG National Title Insurance Company, a Williston Financial Group Company, is a national provider of premium title insurance and settlement services to the real estate and mortgage industry.  The fastest growing national title underwriter, the WFG family was the nation’s seventh largest provider of title insurance at the end of the third quarter in 2013, three years after its entry to the market.  (Based upon market share.  Source:  American Land Title Association http://www.alta.org/industry/financial.cfm).  WFG National Title also delivers a wide variety of residential and commercial mortgage lender services, including default and real estate owned transactions.  The company enjoys a Financial Stability Rating of A’ (A prime) as assigned by Demotech, Inc.  Built around the directive to “communicate, collaborate, coexist,” WFG National Title Insurance Company is committed to applying a new philosophy to the traditional mortgage and real estate industry, working to meet the changing needs of its clients, agents and associates.  For more information, please go to www.WFGNationalTitle.com.

WFG National Title Promotes Vandenberg to National Escrow Manager

Monday, March 3rd, 2014

SVP will oversee escrow policies nationwide 

Portland, OR  February 21, 2014           WFG National Title Insurance Company (“WFG National Title”) has promoted Mickey Vandenberg to the position of Senior Vice President/National Escrow Manager. WFG National Title is a full service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide.

In her new position, Vandenberg will be responsible for the establishment and implementation of standardized escrow policies and procedures throughout the company nationwide.  She will also collaborate with WFG National Title’s compliance department with regard to escrow procedures as well as assisting in the development and training of WFG National Title’s escrow officers.  Vandenberg is based in the company’s Irvine, California office.

“WFG is fortunate to have a wealth of outstanding escrow professionals, and Mickey is no exception,” said Joseph McCabe, EVP and General Counsel for WFG.  “Her experience and client-focused performance with WFG make her an excellent resource for WFG’s escrow officers and agents across the nation, as well as for our customers.”

For more information, go to www.wfgnationaltitle.com, or contact Vandenberg at mvandenberg@willistonfinancial.com and/or  949-266-1645 (office) or 714-878-5181 (cellular).

 

About WFG National Title Insurance Company

Portland, Oregon-based WFG National Title Insurance Company, a Williston Financial Group Company, is a national provider of premium title insurance and settlement services to the real estate and mortgage industry.  The fastest growing national title underwriter, the WFG family was the nation’s seventh largest provider of title insurance at the end of the third quarter in 2013, three years after its entry to the market.  (Based upon market share.  Source:  American Land Title Association http://www.alta.org/industry/financial.cfm).  WFG National Title also delivers a wide variety of residential and commercial mortgage lender services, including default and real estate owned transactions.  The company enjoys a Financial Stability Rating of A’ (A prime) as assigned by Demotech, Inc.  Built around the directive to “communicate, collaborate, coexist,” WFG National Title Insurance Company is committed to applying a new philosophy to the traditional mortgage and real estate industry, working to meet the changing needs of its clients, agents and associates.  For more information, please go to www.WFGNationalTitle.com.

WFG National Title Insurance Company Acquires Universal Land Title of Texas

Thursday, February 6th, 2014

Operation will continue as WFG National Title Company of Texas

Portland, OR  February 5, 2014            

Williston Financial Group (“WFG”) has acquired Universal Land Title of Texas, a Texas-based title insurance agency with offices in Dallas, Fort Worth and Houston. Williston Financial Group is the parent company of a family of title insurers which deliver title insurance and real estate settlement services for lender, commercial and residential transactions, nationwide.

Universal Land Title of Texas will now operate as WFG National Title Company of Texas.  The division has offices in Bedford, Fort Worth, Southlake, Grand Prairie, Houston, Katy and Sugar Land. As the Division President for the new entity, Patrick Dougher will oversee the growth and operations of the business.

“With its vibrant economy and strong population growth, Texas is an attractive and important market for WFG or any real estate-focused company extending its national presence,” said WFG President and CEO, Patrick Stone.  “We know that Patrick’s customer-first approach and flexibility will make WFG a resource for his clients in Texas.”

“WFG’s total emphasis on the customer will be well received by our clients in Texas,” said Dougher.  “Mortgage lenders and real estate brokerages demand that their service providers see each mortgage transaction through to the settlement or closing with speed, accuracy and regulatory compliance—all with no disruption to that service provider or the home buyer.  This approach is at the core of what WFG does.”

For more information, go to texas.wfgnationaltitle.com, or contact Pat Dougher at pdougher@universallandtitle.com or 817-514-4211.

About Williston Financial Group

Williston Financial Group is the Portland, Oregon-based parent company of several national title insurance and settlement services providers, including WFG Lender Services and WFG National Title Insurance Company.  It is the fastest growing national title insurance and settlement services provider in the mortgage and real estate services industry.

About WFG National Title Insurance Company

Portland, Oregon-based WFG National Title Insurance Company, a Williston Financial Group Company, is a national provider of premium title insurance and settlement services to the real estate and mortgage industry.  The fastest growing national title underwriter, the WFG family was the nation’s seventh largest provider of title insurance at the end of the third quarter in 2013, three years after its entry to the market.  (Based upon market share.  Source:  American Land Title Association http://www.alta.org/industry/financial.cfm).  WFG National Title also delivers a wide variety of residential and commercial mortgage lender services, including default and real estate owned transactions.  The company enjoys a Financial Stability Rating of A’ (A prime) as assigned by Demotech, Inc.  Built around the directive to “communicate, collaborate, coexist,” WFG National Title Insurance Company is committed to applying a new philosophy to the traditional mortgage and real estate industry, working to meet the changing needs of its clients, agents and associates.  For more information, please go to www.WFGNationalTitle.com.

News Radio Interview with Patrick F. Stone: Brian Bushlach’s Business Briefing on FM News 101 KXL Portland and 770-AM KTTH in Seattle

Thursday, January 30th, 2014


Segment 1: Patrick Stone, President and CEO of Williston Financial Group (WFG) and WFG National Title Insurance Company, and Brian Bushlach discuss the Northwest Real Estate Market, Mortgage Rates, and the Stock Market Listen Now!

Segment 2:   Economic expert Patrick Stone speaks with Brian Bushlach about residential construction, the job market, and the year ahead. Listen Now!

WFG Names Kelley as Orange County Manager

Wednesday, January 8th, 2014

National title underwriter family continues growth in California

Santa Ana, CA   January 6, 2014         WFG Title Company of California (“WFG”) seeks to continue its growth in the California market by naming Bryan Kelley as Senior Vice President, Orange County Manager.  WFG Title Company of California is part of the The Williston Financial Group family of title insurers, which includes WFG Title Insurance Company and WFG National Title Insurance Company, both of which are full service providers of title insurance and real estate settlement services for commercial and residential transactions.

Kelley will primarily oversee the growth of WFG’s presence in Orange County.  He will manage the office’s financial performance as well as its day to day operations.  He comes to WFG from one of the nation’s largest title underwriters, where he oversaw its national title and closing division in California, Arizona, Texas, Florida and Illinois.  Before that, Kelley served as County Manager in Orange County, Northern California and Washington for other national providers.  He has also held positions ranging from title officer to operations manager over the course of his 29 year career in the title insurance industry.

“Bryan understands the Orange County market as well as anyone in the industry,” said Jeff Fox, Division President of WFG Title Company of California.  “His broad industry experience and his contagious enthusiasm make him an ideal choice to spearhead our ongoing growth in the region.”

Bryan Kelley can be reached at 714-586-8409 or bkelley@wfgtitleco.com.

 

 

About WFG Title Insurance Company

WFG Title Insurance Company, a Williston Financial Group Company, is a California provider of premium title insurance and settlement services to the real estate and mortgage industry.  The company also delivers a wide variety of residential and commercial mortgage lender services, including default and real estate owned transactions.    Built around the directive to “communicate, collaborate, coexist,” WFG Title Insurance Company is committed to applying a new philosophy to the traditional mortgage and real estate industry, working to meet the changing needs of its clients, agents and associates.  For more information, please go to wfgtitleco.com.  For more information about WFG National Title Insurance Company, go to wfgnationaltitle.com.

News Radio Interview with Patrick F. Stone: Brian Bushlach’s Business Briefing on FM News 101 KXL Portland and 770-AM KTTH in Seattle

Monday, December 16th, 2013


Segment 1: Patrick Stone, President and CEO of Williston Financial Group (WFG) and WFG National Title Insurance Company, and Brian Bushlach discuss the state of the economy, interest rates and inflation. Listen Now!

Segment 2:   Economic expert Patrick Stone speaks with Brian Bushlach about what to expect in 2014. Listen Now!