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Network News

What the Future Holds for FAN and the Title Industry

Earlier this month, the Florida Agency Network announced plans to invest $5.18 million into expanding its corporate headquarters currently located in Plant City.

Florida Agency Network CEO, Aaron M. Davis, spoke with the Plant City Economic Development Corporation to go into depth on why the Network plans to stay in Plant City, the future of the title insurance industry and Davis’s vision for the future of FAN.

Click here to watch the full video.

To read more on the Florida Agency Network’s expansion plans, click here.

New Hires

Florida Agency Network Welcomes Andrea Somers to the Team

Andrea Somers

Andrea Somers

Compliance Officer, Florida Agency Network

As a licensed title agent in the State of Florida with over 14 years of experience, Andrea Somers has the knowledge and experience to provide guidance on compliance requirements within the Florida Agency Network.

Entering the title world in 2001, Andrea worked her way through the ranks to become National Vendor Manager at TransContinental Title Company. In her role, Andrea managed third-party vendors nationwide, including all notary signing agents and title abstractors. In 2010, she began managing several different departments with New House Title, LLC, including Contracts, Processing, Closing, Funding, and Post Closing.

In her spare time, Andrea enjoys spending time with her family while relaxing at the beach or checking out local food festivals.

Click here to congratulate and welcome Andrea to the FAN family!

 

 

Press Releases

Florida Agency Network to Expand, Open New Headquarters in Plant City

1 Comment

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Plant City, Fla. – Nov. 9, 2015 – Florida Agency Network, Florida’s largest network of independent agencies providing title services in 30 locations across the state, today announced that it will expand its headquarter operations in Plant City, relocating up to 30 employees and hiring up to 100 additional staff in the next 3 to 5 years. The new positions will fill a variety of roles including executive management, accounting, human resources, data processing, and information technology.

“This is an exciting time to expand our business in Plant City,” said Aaron Davis, CEO of the Florida Agency Network and its multiple brands, which include Hillsborough Title, Trident Title, Paramount Title, Tampa Bay Title, Cornerstone Title, HomePlus Title, Bella Title, Performance Title & Escrow, StrongHold Title, Progressive Title Solutions, Hometown Title Network, BPM Solutions, and Premier Data Services. “We saw the private sector and the city coming together to strengthen support for growing companies like ours with the establishment of Plant City Economic Development Corporation. We’re looking forward to the new opportunities this organization will bring for our business, as well as the entire community.”

Florida Agency Network will invest $5,175,000 in the project through the acquisition of additional office space at its current location in the Alexander Oaks Office Park at 1507 South Alexander Street in Plant City, the purchase of land on an adjacent parcel, and the building of a new 12,000 square foot headquarter office. The acquisition plus the new build will result in over 50,000 square feet of total space at Alexander Oaks, half of which the company will occupy for its operations.

“We are excited to retain and assist Aaron’s company in their tremendous growth,” said Rick Lott, Mayor of Plant City. “Our homegrown businesses making a choice to stay and invest here is a sure sign of more great things to come.”

To attract and retain the young, educated talent the Florida Agency Network will rely on to grow its operations, the company is designing its new space with an open plan format, which will encourage creativity and collaboration.

“This is a major win for Plant City and all of Hillsborough County,” said J.P. DuBuque, interim president and CEO of the Tampa Hillsborough Economic Development Corporation. “We are committed to working in partnership with the newly formed Plant City Economic Development Corporation to provide the permitting, workforce training, and other business assistance services that help companies like Florida Agency Network thrive here by staying focused on their core business.”

The Florida Agency Network has planted deep roots in the Plant City community, Davis is currently engaged in the Plant City Chamber of Commerce and the founding of the new economic development corporation. He has actively managed Hillsborough Title, the founding company of the Florida Agency Network, since 2002. In 2008 he purchased the company from his mother, Gail Calhoun. The company, which has grown by expansion and acquisition, originally started as Hillsborough Title in 1984 in Plant City. It now boasts multiple statewide locations and utilizes its shared back office services, pooled resources, and I.T. infrastructure to allow for continued expansion. Resources and services include multiple on-staff attorneys, access to private title plant and ancillary services, I.T. company, centralized processes & post-closing, agency administration, compliance management and financial oversight.

“The world is waking up to the exceptional opportunities Plant City affords to grow a company, raise a family, and take advantage of an excellent location that is convenient to all of Central Florida, Port of Tampa, Tampa Airport, and major interstates,” said Randy Larson, Chairman of the Plant City Economic Development Corporation. “We know that Florida Agency Network had the opportunity to locate its headquarters anywhere else in the state, but it chose Plant City and Hillsborough County. We look forward to their continued success and supporting them as they expand.”

Florida Agency Network joins an impressive roster of companies that have recently decided to locate or expand their operations in Plant City and Hillsborough County, including James Hardie, Dart Container, Cody Talbert Distribution and Fitlife Foods.

Individuals interested in open job listings may refer to the company’s website at www.flagency.net.

Compliance

Florida Agency Network Completes SSAE 16 SOC 2 Type 1 Examination

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Tampa, Florida – November 6, 2015 – The Florida Agency Network (FAN), Florida’s largest network of independent title agencies, is proud to announce it has completed its SSAE 16 SOC 2 Type 1 examination. The examination was performed by 360 Advanced, P.A., a full-service audit and consulting firm that specializes in integrated compliance solutions, 360 Advanced also conducted SOC 1 examination for FAN and presented the certification October 1st.
The SOC 2 Type 1 report focuses on the non-financial controls of an organization as they relate to maintaining the integrity of Non Public Personal Information (NPPI). The SOC 2 report is modeled around four areas of review: policies, communications, procedures, and monitoring. Each of these pillars have specific parameters which must be met to demonstrate compliance in order for certification to be granted.
Developed by the American Institute of Certified Public Accountants (“AICPA”), Trusted Service Principles (TSP) Framework is based on a criteria geared towards technology and cloud-based computing systems. The TSP Framework is comprised of five standards whereby a practitioner is required to examine and report on. Companies who complete an annual SOC 2 examination are able to demonstrate a substantially higher level of assurance and operational visibility as compared to those companies who have not yet achieved certification.
In obtaining SOC 2 Type 1 examination, Florida Agency Network reinforces a commitment to security, confidentiality, availability, privacy and processing integrity by ensuring the highest quality and security of services provided to their clients. Since the implementation of the TILA/RESPA reform on October 3, 2015, many title companies have yet to complete either the SOC 1 or SOC 2 examination, leaving their stakeholders in a position of risk to the exposure or breach of Non Public Personal Information (NPPI).

“We are proud to announce the completion of our SOC 2 certification. We are one of a few in our industry with the acclaim of both SOC 1 Type 1 and SOC 2 Type 1 certification. I think this clearly portrays the standard to which we strive to protect data and NPPI (Non Public Personal Information). Having gone through this rigorous assessment, we can provide certification and proof that the Florida Agency Network and its affiliates have taken its systems, procedures, and control levels above and beyond what the industry has designated in its Best Practices. This certification puts us on a tier similar to that of our banking and lending partners when it comes to compliance and protection.” says Aaron M. Davis, CEO of the Florida Agency Network and its multiple brands. FAN includes Hillsborough Title, Trident Title, Paramount Title, Tampa Bay Title, Cornerstone Title, Homeplus Title, Uptown Title, Bella Title, Performance Title & Escrow, Stronghold Title and Progressive Title Solutions.

The FLORIDA AGENCY NETWORK (FAN) is made up of a network of independent title agencies that have formed a strategic alliance to provide shared back office services, pooled resources, and greater geographic coverage throughout the State of Florida. Resources of FAN include multiple on staff attorneys, access to private title plant and ancillary services, IT company, centralized processes & post-closing, agency administration, compliance management and financial oversight. Powered by nine national underwriters, FAN offers residential, commercial, builder, lender and investor services, experienced escrow staff, personalized customer service, over 30 locations throughout the State of Florida and much more.

CFPB, Resources, TRID TILA-RESPA Integrated Disclosure

Can the TRID 3-day rule possibly delay your closing?

One of the regulations associated with the new TRID forms is a 3-day rule. The 3-Day rule mandates borrowers MUST receive the Closing Disclosure 3-days before the closing date. This new rule gives consumers the opportunity to review the closing disclosure and ensure all information is correct and correlates with the Loan Estimate.

However, what happens if any changes need to be made?

The infograph below explains three situations that would require a new closing disclosure and thus, delay your closing.

3 Day Rules

Compliance, Press Releases

Florida Agency Network Completes SOC 1 (SSAE 16) TYPE 1 Examination

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Tampa, Florida – October 1, 2015 – The Florida Agency Network (FAN), Florida’s largest network of independent title agencies, is proud to announce it has completed a SOC 1 (Statement on Standards for Attestation Engagements No. 16 [“SSAE 16”]) Type 1 examination. The examination was performed by 360 Advanced, P.A., a full-service audit and consulting firm that specializes in integrated compliance solutions, including conducting SOC 1 examinations.

SSAE 16, developed by the American Institute of Certified Public Accountants (“AICPA”), is the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services. Companies who complete an annual SOC 1 examination are able to demonstrate a substantially higher level of assurance and operationally visibility than those companies who do not.

Securing SOC 1 Type 1 examination reinforces FAN’s, and its embodying agencies, commitment to security, confidentiality, availability, privacy and processing integrity by ensuring the highest quality and security of services provided to their customers. As the implementation of the TILA/RESPA reform is set to happen on October 3, 2015, many title companies have yet to complete the SOC 1 examination, leaving their stakeholders in a position to risk the exposure of non-public personal information (NPPI).

“We are proud to announce the completion of this major accomplishment. Very few in our industry can boast having a SOC 1 (SSAE 16). I think this portrays our level of commitment to the protection of data and NPPI (Non Public Private Information) to our real estate partners, and more importantly, to the consumer. Having gone through this rigorous assessment, we can provide certification and proof to our lenders and banks that the Florida Agency Network and its affiliates have taken its systems, procedures and control levels above and beyond what the industry has supplied in its Best Practices. Best Practices is simply the start, to get the industry moving in the right direction. SSAE 16 compliance is the next step, putting us on the same level as our banking and lending partners when it comes to compliance and protection.” says Aaron M. Davis, CEO of the Florida Agency Network and its multiple brands, which include Hillsborough Title, Trident Title, Paramount Title, Tampa Bay Title, Cornerstone Title, HomePlus Title, Uptown Title, Bella Title, Performance Title & Escrow, StrongHold Title and Progressive Title Solutions.

The FLORIDA AGENCY NETWORK (FAN) is the largest network of independent title agencies in the State of Florida. We have formed a strategic alliance to better serve our clients, allowing us to provide more services throughout the state. FAN offers convenient locations and many services that most title agencies do not provide, such as in-house legal counsel, in-house title plant, HOA estoppel ordering, dedicated REO department and much more.

Flagency.net

New Hires

Welcome Ron Donalson to the family!

Ron Donalson

Ron Donalson, Director of Marketing

Florida Agency Network proudly welcomes Ron Donalson to its expanding team. In 1982, Ron and his business partner Tommy Alday established Alday-Donalson Title Insurance. For over 29 years, they worked and grew Alday-Donalson to become one of the largest and most respected independent title insurance agencies in the State of Florida with 20 offices throughout the Tampa Bay area.

After the tragic passing of his partner, Ron joined Universal Land Title as Director of Marketing, which was later purchased by First American Title in 2014.

Ron served in the US Army and was awarded the Bronze Star for his tour in Vietnam. In his spare time, he enjoys traveling, scuba diving, and spending time with his 9 grandchildren and 1 great-grandchild. He is a 32 Degree Mason and has served as Honorary Deputy for the Hillsborough County Sheriff ’s Department for over 20 years.

The Florida Agency Network is excited to have Ron on board to help grow its statewide footprint of title agencies, provide mentorship and guidance to the Marketing Team, and carry forward the tradition of providing excellent customer service to our clients, while serving our industry and community.

Contact Ron today! Ron@FLagency.net