Arlington, VA

Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

For this week’s edition of Boring Title, we have three great pieces of information for you:

  • An interview with one of the largest wholesalers in the area
  • June market update (from what we’ve seen).
  • D.C. specific market update

We interviewed the CEO of 4 Brothers Buy Houses, Jon Carcone. 4 Brothers Buy Houses is one of the largest wholesalers in the DMV, and they do things very differently from other wholesalers. If you have a property that you are interested in selling a property, or want to partner with 4 Brothers Buy Houses, check them out at www.4BrothersBuyHouses.com.

June 2020 Market Statistics (From what we’ve seen)

  • June Refinances Closed were 831% higher YoY
  • Q2 Refinances Closed are up 141% from Q1
  • June Purchases Closed were our most ever in a month, up 64% from May
  • June Deals Closed were 186% higher YoY
  • June Deals Opened were our most ever in a month, up 174% YoY

The D.C. area housing market has observed one of the quickest rebounds in the U.S.

The D.C. market is comprised of high-earning, younger individuals. The stable employment industries of D.C. provide job safety for residents during COVID-19. As these people can accumulate savings amid the pandemic, combined with low mortgage rates, it poses great opportunities for home buyers. Moreover, underwriting is tight, so more people are buying houses without risk of overwhelming mortgage payments.

The massive growth in refinancing volume stems from dropping mortgage rates resulting from the fed cutting rates to near zero in March. As the market regains efficiency and participation, we expect to become more purchase dominant.

The recent increase in listings whilst demand remains high allows for an efficient, thriving housing market. With an increase in seller sentiment, do not expect this growth to slow down any time soon. The success of the housing market appears to be propelling economic recovery in the area.

Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!

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Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

There has been a lot of talk recently about Remote Online Notarization, which is the ability to close your real estate transaction completely online. To understand exactly how it works, here is a great commercial from our partner Notarize.

Check it out: 

Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!

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Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

For this week’s edition of Boring Title, we wanted to provide you with an update on the real estate market in the DMV, and how it has rebounded since the start of the pandemic.

Click here to read more.

Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!

0 Comments

Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

For this week’s edition of Boring Title, we wanted to provide you with an update on how COVID-19 has affected the real estate market in the DC area.

Click here to read more.

Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!

0 Comments

Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

For this week’s edition of Boring Title, we wanted to open up a discussion with those reading ARLnow.

The past month, we’ve had Mike from our marketing team shoot and post one video per day. While some of these videos have been educational, others have been funny videos with the sole purpose behind them is to provide laughs to clients during these stressful times.

The videos have been well received by our clients and those who know Allied Title & Escrow, but one video in particular went semi-viral (See below).

@alliedmikeDon’t you wish all buyers were this easy!? ##fyp ##foryou ##forypupage ##realestate @drewcarp89♬ Intentions – Justin Bieber

With around 500,000 views and 70,000 likes on TikTok, it made us all wonder… what gives a video the ability to go viral? This specific video was not the funniest, or the most educational, and we didn’t have any expectations for it to go “viral.”

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Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

Are you ready to buy a property or refinance, but don’t want to leave your residence? There is a great option now available that allows you to close on your home without leaving your home.

Borrowers can now appoint the title company as a limited power of attorney, which allows the title company to sign the closing documents on their behalf. All the borrower needs to do is sign a limited power of attorney (which gives the title company authority to sign for the borrower), and then they can close on their home over a Zoom meeting with the title company.

For this week’s edition of Boring Title, CEO of Allied Title & Escrow Latane Meade speaks with Brackton Pratt, Senior Vice President of First Savings Mortgage Corporation. First Savings has rolled out their FSMC SAFECLOSE program which uses the newly regulated LPOA signings.

Check out this 2 minute video on the new program and how you may be able to benefit from this!

Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!

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Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

We wanted to keep those interested in real estate updated on how the virus has affected our industry, so here is an update on all 3 states in this area.

Following recent updates regarding state shutdowns, we wanted to keep everybody informed on the effect of the mandates in each jurisdiction. Financial institutions, including banks and title companies have been deemed essential so we will continue to be able to close transactions for the foreseeable future. While we will be able to continue to conduct settlements there will certainly be challenges and changes in our policies and procedures moving forward.

In usual circumstances, to allow for eRecording, the title agent must physically scan and index documentation via a technology portal to the Clerk, and someone physically located at the Clerk’s office must be there to accept, Quality Control, and input the data into the Official Records.

It appears that in almost all local jurisdictions that the Clerk’s offices will continue to accept e-recordings even if the employees are forced to work remotely. Our title insurance underwriter has agreed to continue covering the “gap” periods from closing through recording, in the event recordings are delayed due to shutdowns.

In other good news, under Dodd Frank, “title/settlement services” are considered part of the “Financial Services” sector, making title insurance agencies “essential businesses” to remain functional in case of shutdowns/quarantines.

Regardless of this allowance, the significant challenge of physically CLOSING the transactions remains (meeting with clients face-to-face in a confined room to sign documents, touch paper, pens and potentially infect staff, agents, lenders, etc.). We are quickly adapting to the ever-changing environment by limiting closing time, parties allowed to attend closing, and we are able to send notaries to conduct closings at your home either outside on your patio or the Notary can wait outside while you sign in the comfort of your home as long as they can verify that you signed the documents.

You may also designate a Limited Power of Attorney for a representative from our Company to sign the settlement documents on your behalf. This still requires you to sign the power of attorney in the presence of a Notary, but limits your interaction to that single document.

The title insurance industry has traditionally been an overwhelmingly paper-based industry, and it is only in the recent stages of moving to paperless, digital and completely-online. Thankfully, we are, and have been since our inception, leading the charge towards technologically streamlining the entire closing process. We are set up for Remote Online Notarization (RON) through Notarize and we also offer Earnnest for the delivery of ACH Earnest Money Deposits from your phone or computer.

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Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

In this week’s edition of Boring Title, we present to you Allied Mike’s first single.

The refi boom is here, so let us know if we can help you out! We have lowered our settlement fees $125, hired additional processors and are ready to help. So come on in, and dance in our closing room!

Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!

0 Comments

Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

In this week’s edition of Boring Title, we sit down with Melody Abella of TTR Sotheby’s & Ru Toyama of Monument Home Loans to discuss what it takes to beat out other offers in a competitive market. The realtor, lender & title company need to be on the same page and have the ability to close quickly!

Congrats to Ru for his “record breaking” performance!

Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!

0 Comments

Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

Purchasing a home can sometimes be ROCKY… especially in a seller’s market where multiple offers and waived contingencies are normal.

Make sure to use Allied Title & Escrow to ensure a SMOOTH closing process! Check out our newest video starring Mikey Balboa… I mean Mike Madigan!

Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!

0 Comments

Title insurance is boring, but Allied Title & Escrow is here to decode the jargon and make it (somewhat) more interesting. This biweekly feature will explore the mundane (but very necessary!) world of title insurance while sharing interesting stories of two friends’ entrepreneurial careers.

For this week’s edition of Boring Title, we wanted to provide a video from Matt Leighton and Shawn Battle who speak about the top appreciating neighborhoods in Arlington in 2020!

Have questions related to title insurance? Email Latane and Matt at [email protected]. Want to use Allied Title & Escrow when you buy a home? Tell your agent when you buy a house to write in Allied Title & Escrow as your settlement company!

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