DJ Horn and Chris Phillips visit with Bill McCalmont and Jenny Werner from First Arizona Title Agency.
You asked for it; you got it! FNTI will present a monthly webinar occurring on the third Tuesday of each month at 9:30 a.m. beginning October 20, 2015. These will be approved for continuing education credit with the Texas Department of Insurance with other state credit in the works.
Our first class will be a one-hour course titled “It’s So Easy: Part One” presented by George Stablein. When title issues arise, it is important to keep in mind a few easy tips and steps to make your closing transactions go smoothly.
Please register for “It’s So Easy: Part One” on Oct 20, 2015, 9:30 a.m. CDT at:
A registration roster with return instructions will be attached to the registration page and will also be emailed to all registered attendees the day before the webinar. Please return for CE certificates.
Please direct questions to Suzanne.Tinsley@fnti.com
How are we doing?
It’s a simple question, but the answers may not be so simple. As a way to make sure we are providing you, our FNTI customer, with the best customer service in the United States, we are going to be asking you for some help.
You’ll be receiving a survey soon regarding what you feel makes for the perfect underwriter. From these responses, which we will share with you at a future date, we will tailor our approach to continue our quest to be the best underwriter possible.
We need your help to achieve this goal. Please take some time and thought to fill out your answers on the survey when it arrives.
If you’d like to get started now, we have added the link below to the survey.
We want to thank you in advance for your time and consideration.
Geri Hosterman and NolaAnn Waggoner are spotted with Randy Seewald of Brazos County Abstract Company at their Tailgate Party in Bryan, TX.
At a Texas Secure Title MCE Class, David Hays informs Realtors of the upcoming TRID rule, while Suzanne Tinsley mingles in the crowd.
Suzanne Tinsley of FNTI attends as the guest of Melanie Bishop, who sponsored a TRID class at the DeSoto WCR monthly luncheon.
Q: Does a spouse have to sign the warranty deed or the deed of trust if they don’t own the property?
A: This is a very tricky situation with multiple answers depending upon the facts you are dealing with. Here are some general rules:
(1) Even if one spouse’s name does not appear on the original vesting deed but the property was acquired during marriage, the property is presumed to be community property (owned by both spouses) and the unnamed spouse may be required to execute a warranty deed to convey or execute a deed of trust to encumber. Always feel free to contact Underwriting Counsel if there is resistance from the spouse whose name appears on the vesting deed for joinder by the unnamed spouse. If the property is homestead, the unnamed spouse must execute the warranty deed or deed of trust.
(2) If the property was acquired prior to marriage (the separate property of the person whose name appears on the original vesting deed), and the person has subsequently married and the property is the marital homestead, the unnamed spouse must execute the deed to sell or execute the deed of trust to encumber the homestead interest.
(3) Even if a prenuptial agreement is in effect and the property is the homestead for the non-owner spouse, he/she must be a party to the transaction because the Texas Constitution and Texas Family Code states that neither spouse can convey, sell or encumber the homestead without the joinder of the other spouse. Provisions found in prenuptial agreements which state that one spouse waives his/her homestead rights in the property may not be relied upon for title insuring purposes. (Simple rule: if the property is homestead, both spouses must participate in the transaction.)
I recently paid a visit to one our amazing agents, Yates Title in Hamilton, Texas. Attorney Nancy Anglin Yates has owned and operated Yates Title for 20 years and runs a great company assisting her clients with her expertise and her knowledge as a Hamilton native.
Nancy and her husband, Randy, recently purchased one of the historic buildings on the town square to relocate Yates Title. The beautifully renovated office has a great view of the Hamilton County Courthouse and was an old law office dating back to the to the law practice of H.E. Chesley Sr. from 1894 until his death on August 21, 1935. Mr. Chesley’s Law practice mainly consisted of civil and land law, and he also served as a member of the Texas House of Representatives from 1902-1905.
Nancy remembers this building always being a law office. As a young girl, she would look up at the upstairs windows and image becoming a lawyer herself. Today she sits in the actual office of H.E. Chesley Sr., and apparently he still makes his presents known. Yes…the office is haunted! Nancy refers to Mr. Chesley as her “friendly ghost.” Books and chairs move without explanation and even his presence has made the hair on her friend’s arms stand on end. Nancy chose to honor him in her office with a desk of his own and gives him room to continue to be a part of the building.
This is why I love my job— by serving and getting to know our agents beyond a business connection. The relationships I am allowed to build and the things I discover are fantastic. So next time you are passing through Hamilton, stop in to see Nancy to hear more stories and possibly even experience Mr. Chesley yourself!
Insurance industry representatives from all over Texas and other states gathered at a reception for retired Deputy Commissioner Danny Saenz. The reception was held at The Headliners Club in Austin, Texas and was sponsored by Forrest Roan, Jose Montemayor, American Insurance Association, Old American Group, and the Texas Land Title Association, to name a few.
Saenz began his career with the Texas Department of Insurance (TDI) as an examiner trainee. He went on to serve as assistant chief examiner for market conduct examinations and director of financial analysis and examinations. Saenz was named Deputy Commissioner for Financial Regulation in 2007. He served as the International Representative for the National Association of Insurance Commissioners, and led the negotiations on behalf of the US to draw up the integration of international insurance solvency regulations with those of the United States. He is nationally and internationally recognized as one of the most preeminent financial regulators and was the key national decision-maker in regulatory moves that saved AIG during the 2008 financial crisis. At the retirement reception, Danny was cited as an insurance regulator who knew “how” and “when” to say “yes.”
His 27-year career with the TDI led him to his role as an in-demand international consultant and presenter on issues related to the insurance industry and its regulation.
Danny has received many awards over the years. In 2011, he was presented the prestigious Robert Dineen Award, the National Association of Insurance Commissioners’ highest individual honor in recognition of outstanding achievement as a career regulator. Last year, he received the “Pillar of Success” award to recognize his distinguished career as an insurance regulator as well as his contributions to society and to the University of Texas. The Commissioner of Insurance at the time, Julia Rathgeber, stated that “I would like to heartily congratulate Danny for this well-deserved recognition. He has dedicated himself to understanding and improving the regulatory oversight of the insurance industry, not only in Texas and the nation, but also globally. Danny is a shining example of someone who has achieved success and has generously shared his experiences with others. Truly a job well done.”
Doug Slape now serves as the Deputy Commissioner for Financial Regulation.