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October Research launches ‘Keys to Real Estate’ podcast

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Industry News
Thursday, May 16, 2024

October Research, LLC debuted its new “Keys to Real Estate” podcast, hosted by Chief Knowledge Officer Mary Schuster, on May 16. Industry professionals can now hear from some of the most knowledgeable thought leaders on topics impacting the real estate transaction while on the go, delivered weekly on Thursdays via various podcast platforms and YouTube.

The Keys to Real Estate podcast complements October Research’s extensive roster of educational publications The Title Report, The Legal Description, RESPA News, Dodd Frank Update and Valuation Review, as well as special reports, webinars and blog, covering the latest developments affecting compliance experts, title agents, settlement services providers, attorneys, mortgage lenders and appraisers. The company also produces the National Settlement Services Summit (NS3) and the Women’s Leadership Summit.

“We’re excited to add Keys to Real Estate as another trusted independent source in our portfolio of market intelligence offerings,” October Research CEO and Publisher Erica Meyer said. “We know that free resources are especially sought after in the current environment, and we’re thrilled to offer information that complements the articles and interviews in our family of publications.”

Schuster brings over 25 years of title industry experience to each engaging conversation with some of the most preeminent industry veterans and insightful minds in the rapidly changing real estate landscape. Prior to joining October Research, she held vice president and branch manager positions in title and settlement and most recently was chief product officer at RamQuest.

“In this critical time when the marketplace is rapidly changing, I find that having multiple trusted sources of information is more important now than ever,” she said. “Our guests are some of the best in the business, and we’re pleased to offer a new avenue and opportunity to let listeners focus in on the hot topics shaping business today.”

Anyone attending the 2024 NS3, May 21-23, in Naples, Fla., will have the opportunity to watch a live recording of a Keys to Real Estate episode featuring former Federal Housing Finance Agency Director Mark Calabria, who currently is a senior advisor to the Cato Institute.

You can listen to the first installment of the Keys to Real Estate podcast with industry legend and retired Mayer Brown Partner Phillip Schulman in an episode aptly titled, “The Power of Humor in Business.” This long-form conversation delves into the types of insights one can only glean from someone who lived and breathed regulatory compliance for more than four decades.

“I’m a big fan of October Research,” Schulman told Schuster at the beginning of the episode. “October Research has allowed me really to help build my practice. … I probably spoke at every NS3 conference from the very first one until just before I retired.”

Keys to Real Estate is available via Apple Podcasts, Spotify and on the October Research YouTube channel. By subscribing, interested professionals will automatically receive each new episode delivered directly into their feed.

“October Research continues to invest in the products and offerings our subscribers need to thrive in their real estate-related careers,” Meyer added. “We believe that ‘Knowledge is The Competitive Advantage,’ and are committed to helping our audience remain tooled for success.”

For more details on the Keys to Real Estate podcast, click here.

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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.
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