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APRIL 2018
 
 
Out & About...
 
 

First National Title Insurance held it’s annual Agent Summit for a handful of selected clients this past month. This year it was held in Coronado, California at the beautiful Hotel del Coronado. Thanks to all our agents who attended! Looking forward to the next one!  

 
 

After the storms blew threw it was a great night for Texas Rangers baseball with Jane and Wendell Privitt from Elliott and Waldron in Mineral Wells. Love our clients!

 

Check out more Out & About Photos of our Agents and Staff on
our Blog at
http://www.fnti.com/category/out-about/.

 
 
Latest News | FNTI is Assigned Financial Stability Rating® of A’ (A Prime), Unsurpassed, by Demotech, Inc.
 

First National Title Insurance Company (FNTI) is proud to announce that it has been assigned a Financial Stability Rating® (FSR) of A’ (A Prime), Unsurpassed, by Demotech, Inc. This level of FSR is assigned to insurers who possess unsurpassed financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.

By assigning the FSR of A’, Unsurpassed, Demotech has recognized our six years of consistent revenue growth, positive economic gains, and financial stability,” stated CEO Chris Phillips. “We are proud of our efforts to achieve this designation and attribute our success to the strong independent agent base we support.

FSR for First National Title Insurance Company

Click Here for full press release.

 

 
 
 
Messages from the CEO | First National Title Announces Expanded Plant Services
 

I am pleased to announce that First National Title Insurance Company is currently in the process of licensing additional Texas counties for our Title Production Facility that allows us the ability to provide title plant services in the 33 most populous counties in Texas. Our services will cover all the major metropolitan areas and a number of regional cities. This service was not created to compete with our independent agents but as a way to help them grow their business and act as their title production partner. We are available to support your overflow orders and ease some of your title production stress. Our team is available to explain the process and the forms necessary to get you started. Just contact your agency representative for a complete explanation of our services and the counties we service. Our plant provider for all 33 counties is Title Data, Inc. We look forward to being you title partner and providing a service that will truly benefit you.

 
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DJ's Motivational Monday | Productive Spring Cleaning
DJ Horn's Motivational Monday's
 

Spring cleaning is always on everyone’s list. I know cleaning out my garage is high on my list, but today I want to encourage you to think about what we can clean up in our business lives. In all the things we do to better our companies, what do we do that “pays” us the most? What activities do we need to focus on the most to ensure the best return? What can be analyzed and cleaned out of those daily activities to allow us more time to focus on what “pays” us the most? I am learning we typically gravitate to the things we feel are causing us the most problems, are the most pressing, or are the things we like to do. We need to continually review our established goals (almost daily) to provide focus as to what we should do first or second. Take five minutes at the end of the day to review your daily accomplishments and then outline the next day to help provide the focus and concentration on the items that need priority. I believe this process has helped me clean up my days and make me more productive. Most highly successful people understand how important it is to have goals. They know their strategies need to be studied and altered regularly to achieve the results they aim to accomplish. They “spring clean” by making new written goals and by creating a fresh plan to focus their efforts on what provides the most return....Let’s get started...

 
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Underwriter Q&A | Are there any tricks when a title agent needs information from the Internal Revenue Service (IRS) regarding a party to a real estate transaction?
Underwriting Q & A's
 

Q: Are there any tricks when a title agent needs information from the Internal Revenue Service (IRS) regarding a party to a real estate transaction? A: Earlier this year, the IRS instituted a new identity verification process requiring third parties calling on behalf of a taxpayer to verify their identity by providing personal information such as their Social Security Number and date of birth. Changes made to the Internal Revenue Manual Section (IRM) 21.1.3.3, titled “Third Party (POA/TIA/F706) Authentication, also require anyone who calls the IRS to provide their name, company’s taxpayers identification number (TIN) and their Centralized Authorization File (CAF) number. Previously, callers only had to provide their name and company TIN. According to reports, the additional information is being requested to fight fraud and mitigate risk. The change came without warning and the IRS has not yet provided an update to the IRM on its website. Reports are the IRS plans to detail changes in the near future.

 
Click here to read Full Answer...
 
 
 
FIRST NEWS Archives | March 2018
 

Message from the CEO | Celebrate Independent Agent “March Madness” Month
DJ’s Motivational Mondays | Independent Agent’s Month
Underwriting Q & A | Can an attorney be a devisee in a will that he/she prepared?
George’s Updates | “You Got a Friend”
CONGRATULATIONS WINNERS! Way to show us your #FNTIMarchMadness for #FNTIMonth!

 
 
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First National Title Insurance Company |2400 Dallas Parkway, Suite 580, Plano, TX, 75093