The Florida Department of Financial Services has adopted a new rule (Rule: 69B-186.010) regarding “unfair methods of competition and unfair or deceptive acts or practices in the transaction of title insurance.” The rule goes into effect on February 9, 2016 and will ensure the playing field within the title industry continues to have balance.
The ruling details practices and activities that are deemed unfair and unlawful. Some of the activities listed include:
While some of the mentioned activities are vague, the FDFS makes the seriousness of each offense known.
To read the full list of illegal activities and the ruling, click HERE.
A few years ago, Aaron M. Davis, Florida Agency Network CEO and former Plant City Rotary Club President, had a goal of equipping each patrol car in the Plant City Police Department with Automated External Defibrillators (AED) in an effort to assist in medical emergencies. This goal was completed last year, and the effort is paying off.
Last week, the PC Rotary Club was informed that one of the AEDs installed in a patrol car aided in saving the life of a 46 year-old man who had gone into cardiac arrest. According to Captain Rodriguez of Plant City Fire Rescue, the PCPD Officers were able to provide “exceptional care to the patient utilizing their AED and hands on cardiopulmonary resuscitation.” The PCPD Officers on the scene provided the patient with shocks in order to stabilize him until the Plant City Fire Rescue were able to get to the scene.
Since delivering the first units in 2013, the Rotary has donated a total of 47 units, which have been used at least 5 times now.
“I am so thankful to everyone who helped the Rotary achieve this goal. I hope the AED units continue to assist more PCPD Officers in saving the lives of those in this great community,” said Davis.
Paramount Title is getting national recognition this week in The Title Report. Announcement of its newest location in Ocala is featured in this week's Industry News section. To see the feature, click here.
To read the full press release, click here.
Ocala, Fla. – Jan. 4, 2016 – Paramount Title, one of Florida’s leading independent title agencies and member of the Florida Agency Network, is expanding its statewide reach by opening a new office in Ocala. Office manager Sandie Rizzo will lead the office, located at 8444 SW 103rd Street Road. Joining Sandie will be Teri Armstrong, Linda Webb and Dawn Creager.
With current offices on Florida’s West Coast, the new office gives Paramount Title an opportunity to bring its expert service to clients in Marion County and surrounding areas.
“We are excited to be part of the expanding Paramount Title team throughout the state. Paramount Title’s resources and reputation sets the standard in the industry, and this team is ready to help clients take their business to the next level,” says Rizzo.
In 2015, Paramount Title saw tremendous growth and change within the company, as well as the title industry. As a member of the Florida Agency Network, Florida’s largest network of independent title agencies, Paramount Title has access to resources including, private title plant and ancillary services, compliance management, SSAE 16 SOC 1 & SOC 2 certifications and powerful partnerships throughout the state.
“The growth of Paramount Title within Florida has been exciting. With this additional location, we’re able to better serve our clients by providing a strategically located office in Marion County to both serve existing clients, and provide coverage for several of our growing builder accounts,” says Aaron M. Davis, CEO of the Florida Agency Network and its multiple brands, which include Paramount Title, Hillsborough Title, Trident Title, Tampa Bay Title, Cornerstone Title, Homeplus Title, Performance Title & Escrow, StrongHold Title, Progressive Title Solutions, Hometown Title Network, BPM Solutions and Premier Data Services.
Last week's announcement of the Florida Agency Network's new Compliance Officer for the State of Florida, Andrea Somers, is getting recognition. Yesterday, the Title Report featured the announcement in its news section. Click here to read the feature.
Andrea has also been recognized in the Tampa Bay Business Journal's People on the Move section! Click here to see it.
As the Florida Agency Network continues to grow and strive to be Florida's authority in title insurance, we are confident that more great announcements are on the horizon for 2016.
Tampa, Fla. – November 23, 2015 – The Florida Agency Network (FAN), Florida’s largest network of independent title agencies, is proud to introduce Andrea Somers as its Compliance Officer, helping to guide the Florida Agency Network and its embodying agencies smoothly through the current era of heightened compliance expectations and requirements.
“With all of the growth and expansion, as well as changes to our industry, it only makes sense to have a dedicated compliance officer on hand. Andrea is well versed in the underlying regulations within our industry. She will be a great asset to our team.” 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.
As a licensed title agent in the State of Florida for over 14 years, with established proficiency in creating, and training in, corporate policies and procedures, Andrea brings the knowledge, experience, and expertise necessary to ensure all compliance regulations are met within the Network. Entering the title world in 2001, she worked her way through the ranks to become National Vendor Manager at TransContinental Title Company. In that role, she managed third-party vendors nationwide, including all notary signing agents and title abstractors. In 2010, Andrea began managing several different departments within New House Title, LLC, including Contracts, Processing, Closing, Funding, and Post Closing.
“I am so thrilled and honored to be working with such a talented group of people at the Florida Agency Network,” Andrea remarked, “It’s amazing to see the dedication everyone has towards being the industry leader in the State of Florida. I’m proud to be a part of the FAN Family!”
As the Florida Agency Network’s Compliance Officer, she will monitor the application of compliance requirements throughout the FAN Network agencies, ensuring all employees and vendors adhere to established procedures in order to safeguard the Non-Public Private Information (NPPI) of all clients and partners.
Yes, the rumors are true! News of the Florida Agency Network's SOC 1/SOC 2 compliance examination, and future expansion plans, is circulating around town.
An Industry News feature in The Title Report goes over the exciting news FAN has announced lately.
Click here to read the article on The Title Report website.
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.
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!
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