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Ticor Title Welcomes Jen Evans, Escrow Closer

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Jen Evans Escrow Closer

We are pleased to welcome Jen Evans to our University Place Escrow team. Jen brings over 13 years of escrow closing experience and is excited to advance her career with Ticor Title. Her expertise, insights, and personal care will bring great value to our clients and partners.

Please join us in welcoming Jen Evans to the team!

About Jen

Jen Evans

253-620-1396
jen.evans@ticortitle.com

3929 Bridgeport Way W #202
University Place, WA 98466

Born and raised in Tacoma, Jen began her career as an Escrow Assistant in 2004 and progressed on to beccome an Escrow Closer in 2012. She is excited for her new venture as an Escrow Closer in the University Place office and her goal is to earn the LPO certification in 2018. She strives to provide clear communication, personalized service and consistency to her clients and goes above and beyond to make every transaction as smooth as possible. Jen looks forward to reconnecting with past clients and the challenge of expanding her book of business in the Puget Sound area.

Ticor Title Major Accounts Welcomes Kris Weidenbach

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Kris Weidenbach Ticor Title

We are happy to announce that Kris Weidenbach has made the choice to join the Ticor Title Major Accounts Team in Western Washington. Kris brings a track record of success and growth with over a decade of leadership in the title & escrow space. His energy, insights, and acumen will truly prove to be invaluable to our clients and partners.

Please join us in welcoming Kris to the Ticor Title team!

A Word from Kris

Kris Weidenbach

Vice President
Major Accounts Division
253-312-3606

I’m excited to announce that I have joined the Ticor Title Team as Vice President in the Major Accounts Division. Ticor has established itself as a premier leader in the Title and Escrow industry with a combination of strong financial underwriting and a commitment to growth. All the while providing first class service, with cutting edge software, and empowering local leadership to effectively manage their individual marketplace. These are a few of the many reasons why I made the decision to join this team of exemplary business professionals.

True Story: A Vacant Lot and Fake Sellers Caught

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Vacant Lot & Fake Sellers CaughtTeri D., Closing Officer at one of our agencies, was processing a sale of a vacant, waterfront lot. The sales price was $205,000; a cash purchase. The purchaser paid $5,000 as earnest money and was working with a builder on plans to build a home on the lot.

Since the property was a vacant lot Teri realized the seller’s mailing address would be different than the property address; her office has an added precaution in place where the address provided is compared with the address for the tax bill on the tax assessor’s website.

Confirmation & Connecting with the Sellers

Teri discovered the vacant property address was different than the tax bill address. She sent a letter to the seller at the address listed on the tax bill introducing herself, her company and asking the seller to contact her to confirm the sale of the lot. The buyer was not obtaining a new loan so about a week later they were ready to close. Teri prepared the closing documents on Friday, March 31, 2017. She contacted the listing agent to find out where and how she should send the closing documents. The listing agent advised her to email the closing documents to the seller. Once again, in an effort to ensure there was no funny business going on, Teri also sent the documents via overnight delivery to the address on the tax bill. Everything was sent on Monday, April 3, 2017.

We’re Not Selling

“They told him they were not selling their lot…”

On April 5, 2017, the real owners of the vacant lot called the Agency and asked to speak with the President. Brice C. took their call. The owners explained to Brice they received a letter and overnight package from his company. They told him they were not selling their lot and did not have it listed for sale. Further, they stated they already explained this to the listing agent on March 24, 2017. That was twelve days ago. Teri wondered why the listing agent did not tell her that when she called on March 31, 2017?

Questions for the Listing Agent

Brice called Teri into his office to share what he learned. She immediately called the listing agent to notify him the real owners just called her company’s president. She asked him why he did not tell her he spoke to them on March 24, 2017. The listing agent explained after receiving the email about the property, unbeknownst to him, he asked the fake sellers for identification. They showed him their passports. He asked for copies and they gave him copies. It never occurred to him they were false.

The real owners had forwarded their email exchange with the listing agent to Brice, where they confirmed they were the owners of the lot and were not interested in selling. Teri also asked the listing agent why he provided her with a different email address for the seller than the one he received from the real owners who communicated with him. He simply huffed at her. Was he really going to let this deal close knowing all of this? She will never know.

No, Thank You!

Fortunately for Teri this agent does not usually do business with her. It was the selling agent who encouraged the buyers to select her as their closing agent. The company resigned from the transaction.

Teri recognized the risks associated with sales where the property owner is absentee. Simply checking the tax bill and sending a notice to the address listed on the bill saved the agency and the underwriter from a potential claim.

Ticor Title Welcomes Aimee Rado, Sales Executive

Aimee Rado

Aimee Rado

We are proud to announce that Aimee Rado has made the choice to join the Ticor Title sales team in our Seattle/lake Union location. She brings over 10 years experience in marketing and customer service to our clients and partners.

About Aimee

Aimee Rado

206-418-9311
aimee.rado@ticortitle.com

1505 Westlake Ave N, Suite 150
Seattle, WA 98109

Aimee began her career in title and escrow sales when she moved to Seattle from Dallas, Texas in 2016. She has had a love for real estate and architecture her whole life. Her extensive background in marketing, design and customer service has given her the knowledge to help real estate professionals grow their business and have smooth and successful transactions. She is a go-getter and will make sure each of her clients are happy with their experience working with her and her team. Aimee has spent the last year focusing on how to help real estate professionals reach their goals and gain more business.

She is passionate about helping people, great design, outdoor adventures and finding new restaurants.

Best in Class & Getting Better! We’re Fortune #293!

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Fortune-293-2

Ticor Title is proud to be recognized as a leader in our industry as a member of the FNF Family of companies. We celebrate that in 2017 our rank has improved to the position of #293 from our previous position of #311 on the Fortune 500.

2017 Fortune 500

This year’s Fortune 500 marks the 63rd running of the list. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $12 trillion in revenues, $890 billion in profits, $19 trillion in market value, and employ 28.2 million people worldwide.

At Ticor Title, we believe that every transaction begins with a great team. Our team of professionals are committed to personalized service, clear communication, consistency, and the highest standards of conduct to ensure that our clients and partners have a best-in-class closing experience with every transaction.

We would like to thank you for your continuous patronage and support. We look forward to many years of innovation, growth, and successful closings together!

Protect Yourself and Your Clients From Wire Fraud

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Wirefraud Prevention Tips

Wire fraud has become a daily occurrence in our industry. Realtors®, Real Estate Brokers, Buyers and Sellers are targets for wire fraud and many have lost hundreds of thousands of dollars because they wired funds based on wire instructions received via email.

Common Wire Fraud Schemes

A hacker can break into a licensee’s email account to obtain information about upcoming real estate transactions. After monitoring the account to determine the likely timing of a close, the hacker sends an email to the buyer, posing either as the escrow agent or as the licensee. The fraudulent email may contain new wiring instructions or routing information, and request that the Buyer send funds accordingly. They could just as easily send an e-mail to the escrow agent posing as a Seller or a Real Estate Broker instructing the escrow agent to wire seller funds to different account rather than to the account provided at the signing.

Be Alert

Below are the procedures we have implemented at Ticor Title to keep our clients’ information and money safe and secure. We have also provided some tips on what a client should look for.

We encourage you to pass them along to your client so they are aware of the wire fraud scams plaguing our industry.

  1. Ticor Title will not accept disbursement instructions or changes to disbursement instructions via e-mail. Should a circumstance arise that requires disbursement instructions be sent via e-mail we will always contact the client to confirm the information received using a pre-verified phone number.
  2. If we are instructed to e-mail wire instructions to a Broker or a Buyer or Seller they are always sent using encrypted e-mail.
  3. If your client receives wire instructions via e-mail instruct them to ALWAYS follow up with a phone call to their escrow closer before they wire funds.
  4. Pay attention to the wording of an email requesting funds. Many fraudsters are “offshore” offenders and their sentence structure may be broken and may contain misspelled words or improper grammar.
  5. Beware of e-mail spoofing. E-mail spoofing is the forgery of an e-mail address so that the message appears to have originated from someone other than the actual source. For instance, you could receive an e-mail that you believe originated from your Escrow Closer or Broker because the e-mail address is the same as theirs. However, if you click on the e-mail address it will disclose the true e-mail address of the originator. E-mail Spoofing is a common tactic used in wire fraud campaigns and if you are not familiar with the tactic you are very likely to follow the instructions contained in the e-mail, believing they came from the proper party.
  6. Be wary of a sudden or urgent request for funds that were not anticipated or required as part of the transaction. Examples include a request for an additional earnest money deposit or extension fee that was not part of the purchase agreement.

Call Before You Wire

wirefraud prventionWire Fraud Prevention Tips

Wire Fraud in the News

Click on the links below to view stories recently aired by KOMO 4 news on the subject of wire fraud. Please do not hesitate to contact me with any questions you have or if you would like some additional information on the subject.

http://komonews.com/news/consumer/email-scam-targeting-real-estate-industry-gets-worse

http://komonews.com/news/consumer/real-estate-title-scams-steal-homebuyers-money-and-dash-ownership-dreams

What is an ID Affidavit and Why is it Needed?

What is an ID Affidavit

What is an ID Affidavit

Understanding an ID Affidavit

What’s in a name? When a title company seeks to uncover matters affecting title to real property, the answer is, “Quite a bit.”

An ID Affidavit provides title companies with the information they need to distinguish the buyers and sellers of real property from others with similar names. After identifying the true buyers and sellers, title companies may disregard the judgments, liens or other matters on the public records under similar names.

To help you better understand this sensitive subject, below are answers to common questions relating to ID Affidavits.

What is an ID Affidavit?

A Statement of Information is a form routinely requested from the buyer, seller and borrower in a transaction where title insurance is sought. The completed form provides the title company with information needed to adequately examine documents so as to disregard matters which do not affect the property to be insured, matters which actually apply to some other person.

What Does an ID Affidavit Do?

Every day documents affecting real property – liens, court decrees, bankruptcies – are recorded. Whenever a title company uncovers a recorded document in which the name is the same or similar to that of the buyer, seller or borrower in a title transaction, the title company must ask, “Does this document affect the parties we are insuring?” Because if it does, it affects title to the property and would, therefore, be listed as an exception from coverage under the title policy.

A properly completed ID Affidavit will allow the title company to differentiate between parties with the same or similar names when searching documents recorded by name. This protects all parties involved and allows the title company to competently carry out its duties without unnecessary delay.

Ticor Title Welcomes Kim Rathwick, Sales Executive

Kim Rathwick Ticor Title

Kim Rathwick Ticor Title
We are proud to announce that Kim Rathwick has made the choice to join the Ticor Title Sales team in the Greater Seattle area. Kim brings over 35 years of real estate industry success & leadership and will bring immense value to our clients and partners.

About Kim

Kim Rathwick

425-229-2267
11400 SE 8th St, Suite 110
Bellevue, WA 98004

Read more...

Kim has worked in the real estate industry in several capacities for over three decades. She began her career in 1981 in the mortgage industry. After 11 years of helping homeowners, Kim shifted her focus to the title industry where she spent ten years building a successful sales and management business. In 2002, she began the next phase of her career as a success coach for members of the mortgage industry. Kim then went on to get her degree in Paralegal Studies and became a transactional paralegal for real estate attorneys. In July of 2015, Kim brought all of this experience together when she joined IPX1031 as Vice President, Regional Account Executive. Her responsibilities included sales and marketing, and consulting with clients and working with local tax, legal and real estate professionals. She also conducted continuing education classes throughout Washington state.

Please join us in welcoming Kim to the Ticor Title Family!

Ticor Title Welcomes Dawn Jallen, LPO – Seattle Escrow Branch Manager

Dawn Jallen LPO Escrow Branch Manager

Dawn Jallen - LPO Branch Manager
We are proud to announce that Dawn Jallen has made the choice to join the Ticor Title Escrow team as Branch Manager of our Seattle/Lake Union location. Her depth of knowledge, 19 years of experience and leadership skills bring immense value to our Seattle team and will ultimately provide a superior closing experience for our clients and partners.

Dawn Jallen

dawn.jallen@ticortitle.com
Phone: 206-720-0114
Fax: 206-720-0117
1505 Westlake Ave N Suite 150
Seattle, WA 98109

About Dawn

Dawn began her career in 1998 with a small Seattle law firm specializing in escrow transactions. She began as an escrow assistant, and has progressed in the industry for 19 years. From 2000 to 2007, Dawn worked as an LPO and Branch Manager in Seattle for a National Title Company, which led to a position in Southern California as the Escrow Operations Manager for Ventura and Los Angeles Counties. Dawn decided to return to the Seattle market in 2012 and since that time has continued to pursue her goals and career in escrow.

Please Join us in welcoming Dawn Jallen to the Ticor Title Family!

Keys to a Successful Escrow Closing

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keys-successful-closingClosing on a home can be an exciting and stressful process all at the same time. With so many potential speed bumps it’s important we make your closing flow as smooth as possible. At Ticor we believe one of the easiest ways to accomplish this is by educating buyers and sellers as they prepare for the big day. In particular we’d like to highlight some of the simple steps a buyer/seller can take to expedite the process. We call these steps the “Keys to a Successful Closing”.

BUYERS AND SELLERS

  • Provide your escrow officer with your phone number & email.
  • Confirm with your agent that all contingencies have been satisfied.
  • Keep your agent informed of any vacation or travel plans or times you will be unavailable.
  • If you plan to have your documents reviewed by an attorney, please notify your escrow officer at least 48 hours prior to signing.

SELLERS

Gather the following and deliver to your Escrow Officer:

  • Your forwarding address.
  • Any existing payoff information.
  • Identify leased equipment.
  • Homeowner Association information.
  • Utilities (if they are to be paid out of escrow.)
  • Judgment/Liens
  • Any name changes since vesting

BUYERS

  • Notify your escrow officer the names of your lender and homeowner insurance companies.
  • Verify with your loan officer that all conditions have been met.

BEFORE YOUR SIGNING APPOINTMENT

  • Plan to sign at the escrow company one or two business days before the closing date.
  • Expect the signing to last approximately one hour if you are the buyer and 30 minutes if you are the seller
  • Have two pieces of valid ID (one being photo ID) available at your signing appointment: Driver’s License, State ID, Passport, or Green Card.
  • If funds are required to close, be prepared to bring the monies in the form of a cashier’s check or wire transfer. These funds need to be received by the Escrow office 24 hours in advance of the recording/closing date indicated on your Purchase and Sale Agreement.
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Contact

Ticor Title Washington State

1505 Westlake Ave N #150
Seattle, WA 98109
Phone: (206) 720-0114
Fax: (206) 720-0117

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