Join us on LinkedIn Follow us on Twitter Like us on Facebook Follow us on Instagram
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation5

Conference Coverage, Industry News

Industry elite honored with October Research awards

Email A Friend Printer Friendly Version
0 comments
Conference Coverage, Industry News
Thursday, June 8, 2023

This year’s winners of October Research, LLC’s annual awards for Leadership, Innovation and Philanthropy include a forward-thinking employer, a title-decisioning pioneer, and a fisherman-turned-fundraiser.

CEO and Publisher Erica Meyer presented the awards at the 19th annual National Settlement Services Summit (NS3). Wayne Stanley, owner of Bowe Digital, received the Leadership Award. Peter Bowman, co-founder and CEO at Flueid Software Corp., received the Innovation Award. Brad Walsh, president of Eagle Title, was presented the Philanthropy Award.

“This year’s October Research Award winners truly embody leadership, innovation and philanthropy, demonstrating the best qualities of our industry,” Meyer said. “As our industry continues to grow, there are so many exceptional individuals who deserve recognition.”

2023 Leadership Award

Stanley has been involved in the industry for 10 years, as manager of external communications and director of public affairs at the American Land Title Association and as founder and “chief inspiration officer” of Bowe Digital. He is a well-known title marketing expert, frequently speaking at and contributing to industry conferences.  

Stanley demonstrates exceptional leadership to his employees, providing guidance and training and setting clear expectations. As a fully remote company, he fosters opportunities for connection across the team through virtual and in-person meetings and daily video updates. Stanley is a transparent employer and has been ahead of the curve with employee benefits, offering a four-day work week and unlimited PTO. Bowe Digital was ranked one of Indiana’s Best Places to Work by the Chamber of Commerce in 2022.

He also spearheads free resources and training for the industry on improving their marketing efforts, through webinars, videos blogs and more. And he organized the annual BOOM conference, a small business marketing conference aimed at helping business owners better communicate with their customers.

2023 Innovation Award

Bowman has been at the forefront of innovation for the title industry for more than 20 years. He and his team at Flueid are responsible for driving adaptation of data and technology within the industry and creating the title decisioning category.

With a background in data science and engineering, Bowman embraces transformative technology that is redefining title’s often archaic workflows, and he champions collaboration with industry partners. The company’s technology covers home equity, refinance, loss mitigation strategies and loan modifications, so far.

It uses title underwriter-approved logic, best practices, industry experience and robust data sets to reveal the condition of title in under a minute. Under his watch, Flueid has achieved an average 60 percent clear-to-schedule closing result for lenders on home equity transactions and almost 50 percent for refi.

2023 Philanthropy Award

Walsh is president of Annapolis, Md.-based Eagle Title, an attorney-owned title company founded in 2007. His brother is CEO Jay Walsh. They lost their mother, Donna, in the spring of 2022 to cancer.  During her diagnosis, Brad became involved in Fish for a Cure, a fishing fundraiser for cancer services at the local hospital.

After Donna’s passing, Brad, Jay and 13 other colleagues and friends raised $144,000 for Fish for a Cure, beating previous fundraising milestones.

As part of its mission statement, Eagle Title pledges “to support our people, and our community, through exceptional experiences.” To that end, Brad and his team members have served as board president of Wellness House and as president of the Annapolis Touchdown Club, as well as head the Rotary Crab Feast and collect toys for their annual Christmas in July toy drive.

Previous OR Award winners were:

2022

Leadership: Sam Verma, Peoples Processing, Inc

Innovation: Annette Cotton, DataTrace

Philanthropy: Justin Nepola, Nepola Yonta Attorneys at Law

2021:

Leadership:  Fred Westerlund, MBH Settlement Group

Innovation: Nate Baker, Qualia

Philanthropy: Aaron Davis, AMD Enterprises

2020

Leadership: Patrick Stone, Williston Financial Group

Innovation: Rick Triola, NotaryCam

Philanthropy: Patrick Hagler, Alliant National Title Insurance Co.

2019

Leadership: Erin Faulkner, Amrock

Innovation: Gorkem Kuterdam, Adeptive Software

Philanthropy: John Voso, Old Republic National Title

2018

Leadership: Monte Reinert, Transnation Title Agency of Michigan

Innovation: Dominic Iannitti, DocMagic

Philanthropy: Joyce Weiland, SoftPro

2017

Leadership: George Holler, Holler Law Firm LLC

Innovation: Paul Clifford, Simplifile

Philanthropy: Curt Szymanski, Windward Consulting

2016

Leadership: Mary Schuster, RamQuest

Innovation: Dan Sogorka, RealEC Technologies

Philanthropy: Tali Raphaely, Armour Settlement Services

2015

Leadership: Diane Evans, Land Title Guarantee Co.

Innovation: Dick Reass, RynohLive

Philanthropy: Kevin Tacher, Independence Title

2014

Leadership: John Hollenbeck, First American Title Insurance Co.

Innovation: Tim Armbruster, Woodfinn

Philanthropy: Kent Stewart, Reli Settlement Solutions

2013

Leadership: Joseph Drum, WFG National Title Insurance Co.

Innovation: Brian Coester, Coester VMS

Philanthropy: Dave Heine, Closemytimeshare.com

2012

Leadership: Robert Klein, Safeguard Properties

Innovation: Stewart Morris Jr., Stewart Information Services Corp.

Philanthropy: Chris Gulotta, The Gulotta Law Group, PLLC

Today's other top stories
Borrower claims several servicers violated RESPA concerning her loan modification
Housing Affordability Act would raise FHA loan limit
House committee votes to slash CFPB funding
HUD provides $1.8M to support housing for those aging out of foster care
Mortgage credit availability plateaus


COMMENT BOX DISCLAIMER:
October Research is not responsible for the comments posted on its websites by readers. We will do our best to remove comments that include profanity or personal attacks or other inappropriate comments.
Comments:

Be the first to leave a comment.

Leave your comment
Please enter a comment.
CAPTCHA Validation
CAPTCHA
Code:
Please enter the word displayed in the image above. Please enter the word displayed in the image above.
: 
Please enter your name.
: 
Please enter your email address.
This field must contain a valid email address.
Your Email is for reporting purposes only. It will NOT be displayed.
Popularity:
This article has been viewed 1128 times.

Monthly Newsletter

RESPA News Monthly
May 2025

Cover Story:

CFPB asks to vacate settlement with Townstone, citing misconduct by CFPB


News by Topic   News by Edition   In-depth Reports   Events   Subscribe
All Rise
Case Law
Enforcement Update
Industry News
Legislation
Regulatory News
The Week in Washington
The TRID Journey
TILA News
 
 
RESPA News Monthly
March 2025
RESPA News Monthly
April 2025
RESPA News Monthly
May 2025
Archives
 
2025 State of the Industry
The ABCs of RESPA
Fair Lending
Mortgage Technology
Real Estate Compliance Outlook
Archives
 
 
National Settlement Services Summit (NS3)
Women's Leadership Summit (WLS)
Webinars
 
Subscriptions
Free Email Updates
Try a Free Edition
Library       RESPA Defined   About   Other Publications
NAR Settlement Resources
Affiliated Compliance
Blog - Tuesdays with Mary
Case Law
CFPB Guidance Documents
Enforcement Documents
Federal and State Legislation
Federal Register Notices
HUD's FAQ's - General
HUD's RESPA final rule FAQs
 
Keys to Real Estate Podcast
Model Disclosure Forms
Other Guidance Documents
Position Papers
Proposed Disclosure Forms
Proposed Rules and Regulations
Settlement Agreements
Statements of Policy
Studies and Proposals
 
Timeline of revisions
Disclosure requirements
Prohibited practices
RESPA enforcement
Dodd-Frank Amendments
Current Issues
The RESPA Statute
 
RESPA News
Contact / Editors
Advertise
Request a Media Kit
Social Media
Are You An Expert?
Subscriber Agreement
 
The Title Report
The Legal Description
Valuation Review
Dodd Frank Upate
Copyright © 2005-2025 RESPA News
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.respanews.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Dodd Frank Update
> The Legal Description
> The Title Report
> Valuation Review
> NS3 The Summit
> Women's Leadership Summit
> October Research, LLC
> The October Store


Loading... Loading...
12 USC Section 2605 or Section 6 is titled Servicing of mortgage loans and administration of escrow accounts. It pertains to qualified written requests, notices of transfer of servicing and the administration of escrow accounts.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
12 USC Section 2609 or Section 10 is titled Limitation on requirement of advance deposits in escrow accounts. It governs escrow accounts including notifications and statements to borrowers. Section 10 also sets out penalties for those who violate the section.
RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.
A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires the HUD-1 to be used as the standard real estate settlement form in all transactions in the U.S. involving federally related mortgage loans.
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
IN-DEPTH REPORTS
EVENTS
LIBRARY
FREE EMAIL UPDATES
ABOUT
SUBSCRIBE
All Rise
Case Law
Conference Coverage
Enforcement Update
Industry News
Legislation
Regulatory News
This Week in Washington
The TRID Journey
TILA News
Current Edition
April 2025
March 2025
February 2025
Archives
2025 State of the Industry
Real Estate Compliance Outlook
The ABCs of RESPA
Fair Lending
Mortgage Technology
Best Practices
Archives
National Settlement
Services Summit (NS3)
Women's Leadership
Summit (WLS)
Webinars
Evolving Realtor Relationships
2025 Economic Outlook Series
CFPB's Shake-Up & Its Impact
Artificial Intelligence for Title
Industry and Regulatory Outlook
RESPA Updates You Need to Know
Evolving Consumer Relationships
Strategies post-NAR settlement
Excess Equity
Securing Your Cyber Network
2024 Economic Forecast Series
Webinar Archives
Cyber Solutions Showcase
NAR Settlement Resources
Keys to Real Estate Podcast
Blog - Tuesdays with Mary
Executive Interview Series
eClosing Solutions Showcase
RESPA DEFINED
Affiliated Compliance
Case Law
Disclosure Forms
Enforcement
Federal and State Legislation
Guidance Documents
HUD's FAQ's - General
HUD's RESPA final rule FAQs
In-Depth Reports
Position Papers and Studies
Rules and Regulations
Timeline of revisions
Disclosure requirements
Prohibited practices
RESPA enforcement
Dodd-Frank Amendments
RESPA Glossary
Current Issues
The RESPA Statute
Model Disclosure Forms
Proposed Disclosure Forms
Enforcement Documents
Settlement Agreements
CFPB Guidance Documents
Other Guidance Documents
Statements of Policy
Position Papers
Studies and Proposals
Federal Register Notices
Proposed Rules and Regulations
RESPA News
Contact Us
Advertise
Request a Media Kit
Social Media
Are You An Expert?
Subscriber Agreement