🎙️ Tune in for an inspiring conversation with Katie McGinnis, founder and CEO of New Beginnings Title Company, as she shares her rules for success, one innovative step at a time!
💡 Join Attorney Joe Seagle and Katie as they take you on a journey back to 2020, when Katie started her entrepreneurial journey with nothing but determination and a shoestring budget.
💪 Despite the challenges posed by the pandemic, Katie and her team not only survived – they thrived! In this episode, they dive into the challenges of staying ahead in the ever-evolving title industry, the rise of fraud in real estate transactions, and the importance of training and security in protecting clients. They also discuss the expenses and insurance required in the title industry, as well as the latest trends in closings, including wraparound mortgages and creative financing options.
🏡 Don’t miss this insightful discussion on navigating and thriving in a fast-changing industry!
🏢 Resources & Terms Mentioned New Beginnings Title Company | https://nbtfl.com/
E-Closing: Online Settlement Transactions | https://e-closing.com/
Zero Balance Account | https://www.investopedia.com/terms/z/…
Errors & Omissions Insurance | https://www.thehartford.com/professio…
Wrap-around Mortgages | https://www.rocketmortgage.com/learn/…
Subject To Transactions | https://www.fortunebuilders.com/subje…
💬 Follow Katie & New Beginnings Title Company— @newbeginningstitleco @katie_mcgenius Contact Katie: Katie@nbtfl.com | www.nbtfl.com
💬 Follow us https://linktr.ee/mylandtrustee @mylandtrustee @aspirelegalsolutions
📧 Have a question you want answered on our next Ask Joe episode? Leave a comment below!
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📕 Unlock the power of land trusts to protect your assets and enhance your privacy with Land Trusts in Florida, 11th Edition by experts Mark Warda and Joe Seagle—get your copy now! https://mylandtrustee.com/book/
👋 Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! https://pcs-title.read.axioshq.com/si… Protect what matters most—reach out today to explore our asset protection services including estate planning, trust creation, and business structuring. Visit us at https://aspirelegal.com
00:00 Introduction and Background
02:28 Challenges in the Title World
03:31 Fraud in the Title Industry
09:03 Training and Security Measures
10:17 Wire Fraud and Security Measures
14:37 Insurance and Expenses in the Title Industry
20:08 Trends in Closings 21:22 Introduction and Background
22:03 Working with Subject Two Deals
22:49 Closings Across Florida
23:36 The Growth of Florida
24:01 Unlearning and Marketing
25:28 The Importance of Marketing
26:13 Bookkeeping and Accounting Challenges
27:29 Closing Software and Platforms
29:04 The Responsibility of Handling Money
30:19 Foreign Ownership and Compliance
31:14 Dealing with Foreign Sellers and Borrowers
33:36 Inspiration from Katie’s Father
34:12 Thriving in a Challenging Market
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