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The Title Report is the title insurance industry’s premier source of market intelligence on issues that matter to today’s title agent and settlement services professional. It provides up-to-the-minute, nationwide reporting on title insurance, settlement services, e-commerce and title technology, real estate market trends, fraud reports, ratings actions and earnings reports, mergers and acquisitions, niche markets, competitive business strategies and regulatory and legislative updates.


 

 

Four companies partner on eClosingsOpen in a New Window

Pavaso has partnered with Intercap Lending, Elevated Title and Signature Closers to conduct eClosings in which the lender, title company and notary collaborate within Pavaso’s portal. .

 

Swiftpage enhances CRM lineOpen in a New Window

Swiftpage has added to its customer relationship management software and released the latest version of its Premium Platform. The company’s newest product offers insurance providers the ability to tailor their CRM to meet the unique needs of their business, market, and industry. Read on for more details.

 

ATGF adds agency managerOpen in a New Window

Attorneys Title Guaranty Fund, Inc. has hired an agency manager for its Colorado and Utah operations. Read on for more details.

 

Property taxes up nearly $3,400 per homeOpen in a New Window

ATTOM Data Solutions said New Jersey, Illinois, Vermont, Texas and New Hampshire had the highest property taxes in 2017. Read on for more details.

 

LenderLive acquires reQuireOpen in a New Window

In recent years, the group of technology companies called reQuire Holdings, LLC had been on its own purchasing spree. Now, the company has been acquired by LenderLive Services, LLC.

 

Lennar names C-Suite teamOpen in a New Window

The Lennar Corp.’s board has announced a series of changes to its C-Suite executive team, including the naming of a new chairman and CEO. Lennar said the management changes recognize the hard work, effective leadership, collaboration and significant contribution of the named executives.

 

CATIC appoints new board memberOpen in a New Window

The newest member of CATIC’s Board of Directors is a prominent attorney who has expertise in short sales, foreclosed properties, bankruptcies and probate matters related to real estate transactions.

 

FTC offers cybersecurity resources for small businessesOpen in a New Window

The Federal Trade Commission (FTC) is offering new educational resources to help small businesses strengthen their cybersecurity and protect sensitive data. The FTC said the new educational resources are a result of the roundtables it hosted in 2017.

 

Westcor adds agency representativeOpen in a New Window

Westcor Land Title Insurance Co. has hired an industry veteran as an agency representative. Read on for more details.

 

Tappable equity highest on recordOpen in a New Window

Rising home prices have driven total tappable equity to its highest dollar amount on record. Read on for more information from Black Knight’s latest report.

 

Closepin partners with Angel Oak Home LoansOpen in a New Window

Closepin has launched an automated closing agent compliance process for Angel Oak Home Loans LLC and their Lending Services platform. Read on for more details.

 

FAN completes fully digital refinanceOpen in a New Window

Along with United Wholesale Mortgage and Florida Mortgage Firm, the Florida Agency Network recently completed its first paperless, fully digital real estate refinance transaction.

 

Premium Title expands coverage areaOpen in a New Window

Premium Title has secured escrow licensing in Idaho, New Mexico, Oregon and Washington. The company now provides direct title/settlement services in 45 states plus the District of Columbia.

 

Lennar subsidiary launches digital mortgage platformOpen in a New Window

A subsidiary of the Lennar Corp. has introduced a digital mortgage platform designed to streamline the home loan process. The company said the new platform incorporates sophisticated, data-driven technology to simplify a traditionally tedious, manual process, resulting in a faster, more frictionless mortgage experience.

 

Denim announces chief technology officerOpen in a New Window

Denim has hired a former AIG and Athene executive as its chief technology officer. Read on for more details.

 

AmTrust hires agency representativeOpen in a New Window

AmTrust Title Insurance Co. has hired an agency representative for its Texas operation. Read on for more details.

 

Freddie Mac adds directorOpen in a New Window

Freddie Mac has added a new member to the company’s board of directors. Read on for more details.

 

New title and escrow platform company launchedOpen in a New Window

Two investment firms and a title industry veteran have joined forces to launch an independent title and escrow platform company. The company said its strategy is to create the leading technology centric and customer-obsessed title platform serving all facets of the mortgage loan cycle.

 

Consumer group seeks to block Fidelity-Stewart dealOpen in a New Window

A national consumer group has reached out to the Department of Justice (DOJ) and state insurance commissioners in an effort to block Fidelity’s proposed acquisition of Stewart.

 

Small-business owners posting ‘help wanted’ signsOpen in a New Window

One-fifth of small-business owners surveyed by the National Federation of Independent Business during March said they had plans to hire more workers. Many of the small-business owners surveyed reported a willingness to raise pay levels to attract the right workers.

 

RamQuest integrates CloseSimpleOpen in a New Window

RamQuest, Inc. has integrated CloseSimple’s automated communication tool within its digital network. Read on for more details.

 

The Top 5 fastest appreciating marketsOpen in a New Window

Four of the top five fastest appreciating real estate markets during the next 12 months are projected to be in Washington. Read on for more details from Veros Real Estate Solutions’ predictions

 

Deutsche Bank implements DocMagic’s eVaultOpen in a New Window

Deutsche Bank has successfully implemented DocMagic’s proprietary eVault technology. Read on for more details.

 

Old Republic, Pavaso complete Arizona eClosingOpen in a New Window

Homeowners Financial Group recently partnered with Old Republic and technology provider Pavaso to complete an eClosing in Arizona, the companies announced. The parties said the eClosing involved a property in Arkansas and that the transaction was completed in less than 30 minutes.

 

Agent on TRID bill: ‘We have the ability to affect change’Open in a New Window

Title insurance professionals who have been hoping for changes to the disclosure of simultaneously issued title insurance were disappointed when the TRID Improvement Act of 2018 was not included in the final Senate financial regulatory reform bill sponsored by Sen. Mike Crapo (R-Idaho), which was passed last month. However, the fight to get the TRID Improvement Act to the president’s desk is not yet over.

 

NextAce launches two new solutionsOpen in a New Window

NextAce recently launched what it called two first-of- its-kind solutions for the title insurance industry. The first solution enables title insurers, agents, and attorneys to setup their underwriting and business rules and then produce automated title reports in minutes.

 

Home prices outpacing median wage earnersOpen in a New Window

Median home prices during the first quarter of 2018 were not affordable for average wage earners in 68 percent of counties throughout the country, according to ATTOM Data Solutions Home Affordability Report.

 

AmTrust hires agency representativeOpen in a New Window

AmTrust Title Insurance Co. has hired an industry veteran to help it continue expansion throughout the west coast of Florida. Read on for more details.

 

CSC adds 31 new countiesOpen in a New Window

CSC has added 31 new counties in 21 states to its eRecording network since the first quarter of 2018, the company announced. Read on to learn more.

 

ValuAmerica parent acquires title insurerOpen in a New Window

The parent company of ValuAmerica has acquired a national title insurance and settlement services company licensed in nearly 40 states and the District of Columbia. Radian Group said the acquisition is consistent with its growth and diversification strategy, and its focus on the core product offerings of its mortgage and real estate services business.

 

Qualia striving to become industry’s transaction platformOpen in a New Window

Earlier this year, Qualia closed a $33M Series B led by Menlo Ventures with participation from 8VC, Bienville Capital and Barry Sternlicht. Qualia CEO Nate Baker spoke with The Title Report about the company’s plans to use its cash infusion.

 

Small-business owners more confident about economyOpen in a New Window

Confidence concerning the nation’s business environment continued to rise among small-business owners in February, according to a survey from the National Federation of Independent Business.

 

Simplifile upgrades post-closing serviceOpen in a New Window

Simplifile has enhanced its post-closing service to help lenders automate the return of trailing loan documents. Read on for more details.

 

SLK Global adds vice presidentOpen in a New Window

SLK Global Solutions has hired a vice president, mortgage, the company announced. Read on for more details.

 

Florida real estate law group adds partnerOpen in a New Window

A Florida real estate law practice has added a partner. Read on for more details.

 

Title premiums reach 11-year highOpen in a New Window

The title insurance industry built upon the excellent year it had in 2016 with an even better year in 2017, according to ALTA’s Market Share Analysis. Despite an industry-wide decline in refinances last year, title insurance underwriters generated the highest amount of title insurance premiums since 2006.

 

New Jersey agency expands into PennsylvaniaOpen in a New Window

An independently owned title research and production firm in New Jersey has acquired one of the largest independently owned search and production companies in Pennsylvania.

 

Title agents confident new tax code won’t hamper marketOpen in a New Window

The Republican tax reform package will have little impact on 2018’s overall housing market, according to First American’s Real Estate Sentiment Index.

 

Most mortgage applications completed old fashioned wayOpen in a New Window

Nearly 60 percent of homeowners applied for and completed their latest mortgage application completely in person, according to Ellie Mae’s 2017 Borrower Insights Survey.

 

IBERIABANK names chief diversity officerOpen in a New Window

IBERIABANK has hired the company’s first chief diversity officer. Read on for more details.

 

Following proposed acquisition, Moody’s affirms Fidelity's ratingsOpen in a New Window

Following Fidelity National Financial, Inc.’s (Fidelity) announcement that it is acquiring Stewart Information Services for $1.2 billion in stock and cash, Moody’s Investors Service has affirmed the company’s senior debt rating and the insurance financial strength ratings of its primary title insurance subsidiaries.

 

Equity firm acquires ownership interest in Alliant NationalOpen in a New Window

A private equity firm that specializes in buying mid-market companies has acquired an ownership interest in the holding company that owns Alliant National Title Insurance Co. Alliant said its leadership and personnel would remain the same, and the partnership would facilitate the company’s next stage of growth.

 

Small business lending nears all-time highOpen in a New Window

Lending to small businesses increased during January and approached an all-time high, according to the latest Strategic Insights Report from PayNet.

 

Knight Barry launches new websiteOpen in a New Window

Knight Barry Title has launched a new website designed to better serve the needs of its customer base across the Midwest.

 

AmTrust adds agency sales and service representativesOpen in a New Window

AmTrust Title Insurance Co. has hired two agency sales and service representatives for its Mid-Atlantic region.

 

Rental yields decline slightlyOpen in a New Window

According to ATTOM Data Solutions, the areas with the highest potential annual gross rental yields for 2018 are in Maryland, Georgia, Alabama and Michigan.

 

Ellie Mae partners with Pacific UnionOpen in a New Window

Ellie Mae and Pacific Union have announced a partnership through which joint customers can deliver data and documents.

 

Realogy’s TRG and Pavaso partner on eClosingsOpen in a New Window

The Lender Services Division of Realogy’s Title Resource Group (TRG) has selected mortgage technology provider Pavaso to provide eClosing technology.

 

ATGF’s yearly profits increaseOpen in a New Window

For the second consecutive year, Attorneys Title Guaranty Fund, Inc.’s net profits reached an all-time high.

 

loanDepot names COOOpen in a New Window

loanDepot has named industry veteran Tammy Richards as its chief operations officer for enterprise mortgage operations. The newest member of loanDepot’s executive team will work closely with its mello Innovation Lab.

 

Westcor appoints agency managerOpen in a New Window

Westcor Land Title Insurance Co. has appointed a Southern Virginia Agency manager to assist in increasing its footprint in the Mid-Atlantic market. Read on for more details.

 

Black Knight integrates FormFreeOpen in a New Window

Black Knight has integrated FormFree’s asset verification service into its centralized application programming interface marketplace. Read on for more details.

 

Underwriter hires regional counselOpen in a New Window

A national underwriter has hired a regional underwriting counsel for its Southeast region. Read on for more details.

 

Blockchain real estate transaction completedOpen in a New Window

A Blockchain startup which earlier this year launched a pilot program with the City Clerk’s Office in South Burlington, Vt., said it has completed a real estate deal recorded with the technology. The technology provider said the deal was facilitated by its smart contract real estate transaction tool and its Blockchain registry.

 

Title Financial acquires two title companiesOpen in a New Window

Title Financial Corp. (TFC) has acquired the largest title and escrow company in Southeastern Montana. TFC said the acquisitions create a geographic network that will facilitate a seamless and convenient real estate experience.

 

AmTrust’s credit rating unchanged by privatization bidOpen in a New Window

A.M. Best said AmTrust Financial Services, Inc.’s Long-Term Issuer Credit Rating of “bbb” was unchanged by the closing of the sale of a 51 percent interest in a portion of company’s U.S.-based fee businesses.

 

Loan originations dipped during fourth quarterOpen in a New Window

Several cities in California and Colorado had huge declines in loan originations during the fourth quarter of 2017. Read on for more details from an ATTOM Data Solutions’ report.

 

LenderLive names chief information security officerOpen in a New Window

LenderLive Holdings, Inc. has selected a company veteran to serve as its chief information security officer. Read on for more details.

 

Cloudstar names VP of salesOpen in a New Window

Cloudstar has hired a former JP Morgan Chase manager to serve as vice president of sales. Read on for more details.

 

A look back at LandAmerica purchaseOpen in a New Window

It was late in 2008 that the Big Five in title became the Big Four. As the Big Four is set to become the Big Three following the announcement of Fidelity National Financial’s (FNF) buyout of Stewart Information Services Corp., it is worth looking back to the last major deal that shook the title landscape.

 

Fidelity: Synergies could include cutsOpen in a New Window

In considering its bid for Stewart Information Services Corp., Fidelity Chairman William P. Foley, II said the company identified an estimated $135 million in operational cost synergies. Although some of the synergies are expected to come in services, technologies and activities, Fidelity said non-complementary facilities also could be closing.

 

Analyst: Stewart sale likely to clear regulatorsOpen in a New Window

Fidelity National Financial, Inc.’s proposed acquisition of Stewart Information Services Corp. shouldn’t have a problem clearing federal regulators, according to a top analyst.

 

Law firm investigating Stewart saleOpen in a New Window

While federal regulators weigh whether Fidelity National Financial, Inc.’s agreement to acquire Stewart Information Services Corp. would harm consumers, a New York City law firm is investigating whether the deal is good for Stewart’s shareholders.

 

Fidelity ‘not sure’ how FTC will view Stewart acquisitionOpen in a New Window

The chairman of Fidelity National Financial, Inc. said he’s not sure how the Federal Trade Commission will view the company’s agreement to acquire Stewart Information Services Corp. for $1.2 billion in cash and stock.

 

Fidelity acquires Stewart in $1.2 billion dealOpen in a New Window

In a deal that would eliminate one of the Big Four title insurers, Fidelity National Financial, Inc. has signed a merger agreement to acquire Stewart Information Services Corp. for $1.2 billion in cash and stock.

 

Arizona agencies adopt Blockchain technologyOpen in a New Window

Two Arizona title agencies are integrating Blockchain technology into their day-to-day operations. Last year, the two title agencies conducted nearly 20,000 real estate transactions and underwrote title insurance in excess of $3 billion.

 

Westcor opens additional New York officeOpen in a New Window

To spur further growth in New York, Westcor Land Title Insurance Co. has opened a second office in the Empire State, this one on Long Island.

 

SLK Global hires senior vice presidentOpen in a New Window

SLK Global Solutions has hired a senior vice president. Read on for more details.

 

Florida Agency Network hires sales managerOpen in a New Window

The Florida Agency Network has hired a sales manager to oversee sales initiatives throughout Florida. Read on for more details.

 

ComplianceEase updates its analyzerOpen in a New Window

ComplianceEase has updated its ComplianceAnalyzer with TRID Monitor to comply with the 2017 TILA-RESPA Integrated Disclosure Rule. Read on for more details.

 

Lennar announces post-merger leadership teamOpen in a New Window

Now that its $9.3 billion merger with CalAtlantic Group is complete, Lennar Corp. has announced the leadership team for its Lennar Palm Atlantic Division.

 

Firm launches cybersecurity services practiceOpen in a New Window

An accounting and advisory firm serving the financial services and real estate industries has launched a cybersecurity services practice to help lenders and servicers protect themselves against online fraud and data attacks.

 

Qualia secures $33 million in additional fundingOpen in a New Window

Qualia has secured millions in additional funds from Menlo Ventures with participation from 8VC, Bienville Capital and Barry Sternlicht. With the additional funding, Qualia said it will expand its engineering and product teams and accelerate its growth into additional markets across the U.S.

 

NTC promotes executiveOpen in a New Window

Nationwide Title Clearing has promoted a company executive to serve as assistant vice president of business development. Read on for more details.

 

More millennials using conventional loansOpen in a New Window

An increasing percentage of millennials took advantage of conventional loans in January. Read on for more details.

 

Massachusetts commercial real estate brokerage launchesOpen in a New Window

A new suburban commercial real estate brokerage firm serving Massachusetts’ 128 suburban markets has launched. Read on for more details.

 

FAN closes Florida’s first digital remote online transactionOpen in a New Window

Florida Agency Network recently completed the Sunshine State’s first 100 percent paperless, fully digital remote online real estate closing transaction. The closing was completed earlier this month by Paramount Title.

 

ERA Real Estate appoints CEOOpen in a New Window

ERA Real Estate looked within its own ranks to find its new president and CEO. The company’s new leader is a technology expert with decades of experience in real estate brokerage investments, marketing and operations.

 

AmTrust launches new tool for agentsOpen in a New Window

AmTrust Title Insurance Co. has introduced a proprietary platform through which its title agents can access qualified vendors providing land record and ancillary search services, as well as title commitment production.

 

2017 home flips reached 11-year highOpen in a New Window

The return on investment on home flips in 2017 was the highest recorded for as far back as data is available. Read on for more details.

 

Arkansas approves Simplifile as eNotary providerOpen in a New Window

The Arkansas Secretary of State has approved Simplifile as an eNotary service provider. Read on for more details.

 

Industry veteran joins AmTrustOpen in a New Window

AmTrust Title Insurance Co. has hired an industry veteran to help with its development and support of multistate agencies across the United States. Read on for more details.

 

Stewart expands commercial servicesOpen in a New Window

As part of an effort to expand its commercial services in California and Washington, Stewart Title has added four new staff members in Seattle, and also converted one of its offices in the San Diego area to exclusively focus on meeting the growing commercial services needs in Southern California.

 

Florida Agency Network hires chief information security officerOpen in a New Window

Florida Agency Network’s new chief information security officer has investigated, managed and directed computer-related criminal, counterintelligence, counterespionage, fraud and undercover matters for both the federal government and the military.

 

CATIC opens Florida officeOpen in a New Window

CATIC has begun operations in Florida with the opening of an office in Orlando, the company announced. The company’s Florida state manager said the office’s central location within Florida will allow CATIC to easily reach all areas of the state.

 

AmTrust names senior vice presidentOpen in a New Window

AmTrust Title Insurance Co. has hired an industry veteran to serve as a senior vice president in its National Commercial Division.

 

Loan defects up year-over-yearOpen in a New Window

The frequency of defects, fraudulence and misrepresentation in mortgage applications in January increased by 13.7 percent compared with January 2017.

 

Alliant adds agency managerOpen in a New Window

Alliant National Title Insurance Co. has hired a vice president and Great Lakes Agency manager. Read on for more details.

 

Realogy’s TRG reports declining revenuesOpen in a New Window

Due to a declining percentage of refinances, Realogy Holdings Corp.’s Title Resource Group posted declines in both fourth-quarter and yearly revenues, according to the company’s earnings statement. The corporation, however, more than doubled its profits in 2017.

 

Online mortgage lender expands into Florida, GeorgiaOpen in a New Window

The online mortgage lender Lenda has expanded its services into Florida and Georgia, increasing its reach to 65 percent of the digital mortgage market.

 

Arizona title agency teams with ZOCCAMOpen in a New Window

A Scottsdale, Ariz.-based title agency is partnering with ZOCCAM to receive earnest money and documents directly through ZOCCAM’s secure platform. A president at the title agency said ZOCCAM’s mobile application will provide a needed convenience for its clients, and that reaction from clients has been extremely positive.

 

NTC promotes executiveOpen in a New Window

Nationwide Title Clearing has promoted one of its executives to vice president of sales and marketing. Read on for more details.

 

Atlanta law firm unveils new logo, websiteOpen in a New Window

An Atlanta-based law firm that specializes in at-home closings and signature services has unveiled a new logo and redesigned website. Read on for more details.

 

Qualia gains ISO/IEC 27001 certificationOpen in a New Window

Qualia now is an ISO/IEC 27001 certified provider whose Information Security Management System (ISMS) has received third-party accreditation from the International Standards Organization. Read on for more details.

 

Black Knight pushing eMortgages to volumeOpen in a New Window

The company that brought the mortgage industry’s first collaborative solution for TRID transactions is ready to take eMortgage collaboration to another level. During an interview with The Title Report, Black Knight Lending Solutions Senior Vice President/Managing Director Andy Crisenbery discussed the company’s latest project, Expedite Close.

 

Title Source rebrand to Amrock fuels ‘startup’ feelingOpen in a New Window

Title Source leadership always thought of the company as a technology company that also provided title services. To better reflect all the ways the company can assist in the real estate transaction, it completed an 18-month journey with a rebranding to Amrock. And the excitement was evident in the voice of Chief Operating Officer Brian Hughes when he talked with The Title Report about the changes.

 

PHH agrees to be soldOpen in a New Window

The parent company of a New Jersey-based mortgage company which for years has been in battle with the Consumer Financial Protection Bureau (CFPB) for allegedly receiving kickbacks has agreed to be sold.

 

More homebuyers making offers sight unseenOpen in a New Window

An increasing percentage of homebuyers are making offers on homes before visiting the properties in person, according to a survey commissioned by the real estate brokerage firm Redfin.

 

Freddie: Interest rates will largely determine 2018 marketOpen in a New Window

A Freddie Mac economist said the U.S. housing markets could show modest growth this year even with higher mortgage rates.

 

CUMAnet selects SimplifileOpen in a New Window

CUMAnet has selected Simplifile’s Collaboration and Post Closing services to provide credit union clients with a platform through which to exchange information with settlement partners.

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