Description
Course Learning Objectives
Unit 1:
After completing this unit of the course, you will be able to:
- Broad Understanding of what Title Insurance is
- Help borrowers undertstand the importance of Title Insurance
- Know the difference between Insurable Title and Marketable Title
- ECB Violations , Vacate Orders
- Escrows and how they work
- Judgement and how they effect Title
Process of clearing Title
Unit 2:
After completing this unit of the course, you will be able to:
- Understand the need for Title Insuance
- Explain to your Sellers or borrowers the affects of title insurance
- Know the difference between Lenders policy and buyers policy
- What is the Patriot search
Difference between Underwritter and an Abstract company
Unit 3:
After completing this unit of the course, you will be able to:
- Know what documents the borrower needs to submit to get Title Insurance
- Understand what the Underwriters of Title Insurance are looking for to issue policy
- Have your owner Policy issues with out problems ( Cloud on Title)
- Have a clearer understanding of what Clears title
- Understand what Chain of title is
- Know the why Certificates of Occuapancy are not covered
- Surveys and out of Possesion what they mean
- Buying a Title Policy is a one time purchase hold on to it forever
Timed Course Outline
0.0 Course Introduction
0.1 Course Description
0.2 Course Description (cont.)
0.3 Introducing Your Instructor
0.4 Course Outline
0.5 Course Learning Objectives
10 minutes
1.0 Overview of Title
1.1 Unit Introduction
1.2 Unit Learning Objectives
1.3 Key Terms
1.4 What is Marketable Title and Insurable title
1.5 Basics of Title Insurance
1.6 Basics of and Abstract what is an Abstract
1.7 Importance of the Contract in ordering the policy
1.8 Consultantation on the abstract
1.9 Contingency issues
1.10 What is an Acient Mortgage Affidative
1.11 Chain of Title and its importance
1.12 Heirship and its issues
1.13 Estate attorneys and Title Insurance
1.14 Declining Owners Policy
1.15 Title Insurance considers anything above a 4 family Commerical
1.16 Mixed Use properties
1.17 Violations and Title
1.18 ECBs and Title
1.19 Certificate of Occupancy and Title
1.20 Title Closers and their role
1.21 You have the right to choose your tile company
1.22 Escrow and Title Insurance
1.23 Money owed and Title Insurace
1.24 Taxes and Title Insurance ( IRS- City)
1.25 Judgements and Title Insurance
1.26 Title Fees
1.27 Water Bills and TiTle insurance
1.28 Quiz Instructions
1.29 Unit Quiz
60 minutes
2.0 The beginning of a title report
2.1 Unit Introduction
2.2 Unit Learning Objectives
2.3 Key Terms
2.4 Insuring a property title begins with a search of the public land records affecting the property.
2.5 Basic understanding of the services a title agency.
2.6 The difference between a refi transaction and a purchase transaction
2.7 Unit Conclusion
2.8 Quiz Introduction
50 minutes
3.0 We are information purveyors
3.1 Unit Introduction
3.2 Unit Learning Objectives
3.3 Surveys
3.4 Patriot Search: The Charles Jones Patriot Name Search is a Certified Search of lists published by the Office of Foreign Assets Control of the U.S. Department of Treasury (“OFAC”), consisting of the “Specially Designated Nationals and Blocked Persons”, the “Foreign Sanctions Evaders”, and the comprehensive “Consolidated List
3.5 Technology fees
3.6 Homeowner / Contractor Agreement
3.7 Borrowers Identity of Interest Certification
3.8 Parking violation
3.9 Regular judgment and a judgement on the home
3.10 Out of possesion
3.11 Is your name common? How it affects title insurance
3.12 Schedule B of a title report
3.13 Unit Conclusion
3.14 Quiz Instructions
60 minutes
Q & A
30 minutes
Total: 225 minutes (3.75 Hour CE class)
