If you are an agent, broker, or mortgage lender who has been solicited by a title company to enter into a Marketing Service Agreement (MSA), you would probably be best served to avoid the temptation.
The Consumer Protection Financial...
Affiliated Business Arrangements (ABAs), once known as Controlled Business Arrangements (CBAs) are becoming a focus of the Consumer Financial Protection Bureau (CFPB).
Recent efforts by the CFPB, evidenced by enforcement actions and resulting...
With the exception of Federal Title & Escrow Company, nearly all major title companies write a check to real estate brokers or mortgage companies as a “Thank You” for the referral of business.
In some cases, the payment...
We’d like to applaud Wells Fargo for announcing a move toward eliminating their role in the ABA/CBA marketplace. The bank announced last week that it would discontinue 8 joint ventures, according to a report in American Banker.
We’ve...
Federal Title is an independent title company, which means that, unlike most of our competitors, we do not enter into Affiliated Business Arrangements (“ABAs”) or Marketing Service Agreements (“MSAs”) with lenders...