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 MISMO initiatives bridge the gap between industry members Wednesday, May 31, 2023 During the 19th annual National Settlement Services Summit (NS3) in St. Louis, June 6-8, Ruth Dillingham, owner, Dillingham Consulting LLC, and a representative of the MISMO Title and Closing Community of Practice, will share about new initiatives MISMO is engaged in that will make a difference in the working relationship between and among mortgage and title professionals.
 NYDFS announces cybersecurity settlement with mortgage servicer Wednesday, May 31, 2023 New York Department of Financial Services Superintendent Adrienne Harris announced OneMain Financial Group LLC will pay a $4.25 million penalty to New York state for violations of the department’s cybersecurity regulation. OneMain failed to effectively manage third-party service provider risk, manage access privileges, and maintain a formal application security development methodology, significantly increasing the company’s vulnerability to cybersecurity events.
Connecticut considers online recording taskforce Wednesday, May 31, 2023 The Connecticut General Assembly is considering legislation to establish a task force to study the online recording, indexing and searching of municipal land records and maps.
Colorado Division of Real Estate issues advisory on trust/escrow accountsWednesday, May 31, 2023 The Colorado Division of Real Estate issued a broker advisory addressing questions and concerns from real estate brokers and financial institutions regarding the requirements for engaging in property management or holding money belonging to others to establish a trust or escrow account.
Sheriff’s officer admits to short sale conspiracy Wednesday, May 31, 2023 A former Hudson County, N.J., Sheriff’s Officer admitted conspiring to make false statements to a bank in connection with an application to discharge a mortgage through a fraudulent short sale.
 Ohio appellate court rules phished homebuyer can sue hacked escrow agentWednesday, May 24, 2023 The Third Appellate District Court of Appeals of Ohio reversed a lower court ruling in a case brought by a homebuyer who had sent money to scammers instead of an escrow agent after receiving fraudulent wire instructions. It said the lower court was wrong to dismiss the breach of contract and breach of fiduciary duty claims against the escrow agent because genuine issues of material fact remain as to whether an implied agreement for escrow services exists.
What’s next for data privacy efforts? Wednesday, May 24, 2023 Data privacy is an ever-evolving area of concern for any industry that handles personal data, and this is especially important for those industries that handle individual’s financial data. Data privacy experts Ryan Cabrita of The Gulotta Grabiner Law Group and Greg Szewczyk of national law firm Ballard Spahr will discuss some of the big up-and-coming topics. Read on for more details.
New Jersey man arrested for theft, forgeryWednesday, May 24, 2023 After an investigation by the Bergen County, N.J., Prosecutor’s Office, a Rochelle Park, N.J., man was arrested on charges of theft by deception, theft, and forgery regarding a real estate investment scheme.
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