Author Archives: HDEP

The Consumer Finance Protection Bureau’s mission is to regulate financial firms so their actions don’t harm consumers.  With its very first enforcement action, the CFPB telegraphed that financial institutions would be held liable for the actions of their service providers and suppliers – as though those actions were undertaken by the financial institution itself. The […]

A critical error in a title plant is one that prevents a ‘prudent searcher’ from knowing that a document is related to their search. The term prudent searcher is important, because it assumes that the searcher is: using the title plant only to find documents that apply to their search, not as a substitute for […]

We have discussed the nature of conducting a property search using the county grantor/grantee books – a time-consuming task because the search has to be done by the property owner’s name before documents with the needed property can be identified. This was the impetus for building indices that could be searched by property rather than […]

HDEP’s outsourcing services for the title industry can give your company a competitive advantage. In this video, CEO of HDEP, Virendra Nath, explains: How outsourcing saves you money by turning fixed costs into variable costs The business scenarios that make outsourcing most successful The ways you can leverage outsourcing to grow your business How HDEP’s […]

At HDEP, one of the questions we hear a lot from prospective customers is, “What are the liabilities associated with outsourcing?” The video below addresses this question and goes over three points you need to consider to determine whether using a title outsourcing firm will work for you. To summarize, here are the three points […]

In the title industry, there has recently been a lot of talk surrounding the issue of title insurance versus casualty insurance. Much of the talk has been about the slow and gradual shift in terms of both work and risk from the title insurance industry to more of a casualty type of insurance industry. What […]

“Constructive notice” is a legal term meaning that persons are assumed to have knowledge of something by virtue of the fact that it is in the public record.  This principle means that someone cannot deny knowledge of a fact because they have a duty to inquire. For example, if you purchase property, you are presumed […]

When first discussing outsourcing at a company strategy session, saving costs is the main topic of conversation. Cost savings there will be; if the outsourcing initiative is thoughtfully pursued, cost savings won’t be the main benefit from outsourcing. Many of our customers have found that using HDEP’s outsourcing capabilities has become a serious strategy for […]