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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.
LoanScorecard has recruited a former managing director at Hudson Advisors/Lone Star Funds.
As part of a restructuring of its Services business, the Radian Group Inc. has eliminated the position of president at its wholly owned subsidiary Clayton Holdings LLC and announced the pending departure of Jeff Tennyson.
A Michigan title agency with nearly 80 employees has expanded its executive leadership team with the addition of a chief operations officer, a controller and a human resource manager.
The American Land Title Association’s (ALTA) new president said that among the goals he has for the next year is encouraging the association’s members to embrace innovation and providing more cyberawareness information.
TitleTap’s new program allows customers to periodically upgrade their website with the company’s latest design templates.
Assurant Mortgage Solutions has hired a national sales director to focus on growing the company’s title and origination valuations product lines.
Pavaso will integrate the technology of a Texas law firm into its digital closing platform.
Citing a fifth consecutive year of favorable underwriting performance, A.M. Best is maintaining a stable outlook on the title insurance sector.
A former Ellie Mae chief operating officer has joined a digital lending platform company as its CEO. The company’s founder and chairman said the new CEO has a superior knowledge of the mortgage lending landscape and had helped countless lenders adopt technology to improve efficiency and compliance.
Real Estate Data Shield is set to launch an updated version of its compliance and information security solution. The newest version of the company’s web-based course addresses cyber fraud, wire fraud, identity theft, phishing emails, spoof emails, ransomware, social engineering attacks, etc.
Nationwide foreclosure activities declined significantly during the third quarter.
Berkshire Hathaway HomeServices Homesale Realty has named a regional vice president.
The housing stock in 34 percent of the country’s 100 largest metropolitan areas was overvalued as of August 2017.
A Dallas-based, full-service title company has expanded its executive team and opened two new offices. The company has hired a former Republic Title executive to oversee a new office in Dallas, and a former Stewart executive to lead a new operation in Plano, Texas.
A Midwestern title group has launched an informational website that it said will provide homeowners with straightforward information about the home buying process. The company’s president said the website will positively impact the closing process through information and support.
Neither higher mortgage rates nor summer temperatures deterred millennial homebuyers during August, according to a report from Ellie Mae.
Stewart Title Agency Services has hired an agency integration manager who has 23 years of experience managing integration processes in the industry.
ResWare’s integration of SmartCLOSE enables title agents to collaborate with lenders directly within ResWare.
MORE Lending’s latest implementation will enable the company to instantly distribute the guidelines and pricing for their non-agency loan programs to third-party originators.
As part of the realignment of its Agency Division, WFG National Title Insurance Co. has added a senior vice president and changed the responsibilities of many of its high-level executives.
Chairman and CEO Patrick Stone said the changes were needed because the company has outgrown its structure.
AmTrust Title Insurance Co. says it proprietary insurance protection plan is a ‘game-changer’ that will save its title agencies hundreds of thousands of dollars.
The company said the plan will be provided at a discount to qualifying agents and is generating interest throughout the title industry.
CATIC’s new office is assessable from the Mid-Cape Highway and overlooks historic Route 6A.
CATIC’s state manager said the location of the new office will allow its employees to easily reach all areas of Cape Cod. “We’re excited to have expanded,” the company’s state manager said.
Read on to learn where the new office is located.
An increasing share of renters thought September was a good time to buy a home. Read on for more details from Fannie Mae’s Home Purchase Sentiment Index.
PropLogix has added a new service designed to help title agents and real estate attorneys protect their clients and keep closings on track. Read on for more details.
Cleveland-based Sikora Law has hired a director-level attorney to handle disputes for its real estate clients. Read on to learn who the law firm selected.
During its ALTA One conference in Miami, Fla., ALTA released a values initiative the association said provides a ‘cultural compass’ for its members.
Following its acquisition by Incenter LLC, Agents National Title Insurance Co. (ANTIC) will have the capital and surplus it needs to accelerate its vision of creating a fully digital real estate process, ANTIC President and CEO David A. Townsend told The Title Report.
From title agents and closers to underwriters and vendors, hundreds of industry participants will gather in Florida his week at ALTA One. The Title Report will be on the scene in Miami bringing you news about the topics discussed and the industry leaders in attendance.
The new office will act as a single point of contact for customers with national and international commercial needs.
Home affordability improved in many places throughout the nation during the third quarter, including in Los Angeles, Chicago, Houston, Phoenix and San Diego.
AmTrust Title Insurance Co.’s new national agency manager launched WFG National Title Insurance Co.’s operations in eight states.
RamQuest, Inc. has integrated DocMagic’s SmartCLOSE closing collaboration portal into its digital network.
As businesses consider their vulnerabilities in light of the massive Equifax breach that exposed the financial information of millions, a California company known for providing cyber and physical threat sharing has announced a new network specifically designed for financial services companies.
The nation’s largest independent provider of title insurance, valuations and closing services has partnered with the eClosing platform company Pavaso to simplify the mortgage closing process.
According to A.M. Best, the underwriting leverage of First American Financial Corp.’s title group has significantly improved from the prior five-year period due to its overall surplus growth, premium growth and improved operating results and cost reduction initiatives.
Ellie Mae has completed its acquisition of the sales acceleration platform Velocify.
In partnership with RynohLive, Aprio has launched an escrow reconciliation solution that provides real-time monitoring of escrow accounts to protect title agents from fraud.
Chronos Solutions now is providing reporting services through Fannie Mae's Day 1 Certainty program.
Less than a year after purchasing Boston National, a subsidiary of private equity giant Blackstone Group has signed a purchase agreement to acquire Agents National Title Insurance Co. Known for its software system that connects and coordinates all aspects of the real estate transaction, ANTIC’s headquarters will remain in Columbia, Mo.
The industry is moving toward an electronic mortgage process, but individual counties and states are moving at their own pace. Knowing what is allowed in each jurisdiction can be confusing. Equity National Title has launched a website designed to advise mortgage lenders about the various digital closings options available within each ZIP code.
Tight inventories plus the disruption caused by Hurricanes Harvey and Irma likely caused a dip in the sales of existing homes during September.
Fidelity National Title Group has hired an agency account manager to develop business and support agents throughout Central Florida.
CSC has expanded its eRecording network with the addition of 44 counties.
A new survey by sales acceleration platform Velocify found that borrowers who were provided an online portal were twice as likely to say technology improved the loan process as those who were not provided this option.
HSF Affiliates has selected the former CEO of Realtor.com and the past president and co-owner of Murphy Realty Better Homes and Gardens to oversee the growth strategy of Real Living Real Estate.
Homeowners with mortgages gained an average of nearly $13,000 in equity between last year’s second quarter and this year’s.
Westcor Land Title Insurance Co.’s new underwriting counsel for its Western Agency Region has more than 25 years of underwriting experience.
Docutech and Simplifile have partnered to create an eClosing solution that allows each transaction to be as digital as possible while maintaining a standardized process on every loan.
An investigation by the Consumer Financial Protection Bureau alleged that Indiana-based Meridian Title steered thousands of customers to a title insurer partially owned by three of its executives without disclosing that relationship to consumers. The company denied any wrongdoing in a statement to The Title Report, but will be paying $1.25 million in consumer redress for its actions.
Snapdocs has launched an all-in-one solution that enables traditional, hybrid and fully digital closings. The company also has created a network of digital-ready national settlement companies.
Stewart Title has expanded its footprint in California with the opening of a new branch in the San Francisco Bay area. The company said the new office will serve the entire East Bay area.
A new report found that homeowners in cities with high risks of natural hazards have more equity and tend to keep their homes for longer.
A new integration will enable lenders, consumers and all mortgage participants to access ServiceLink’s transaction services through Roostify’s digital platform.
A Maryland-based lender said it selected Loan Vision to increase its efficiency and to improve its reporting capabilities.
An investigation by the Consumer Financial Protection Bureau found that an Indiana title agent steered thousands of customers to a title insurer partially owned by three of its executives without disclosing that relationship to those consumers. The bureau said the title agency collected money it was not entitled to based on those referrals.
A national title insurance provider based in New York now is licensed to do business in Pennsylvania. With the addition of the Keystone State, the title agency now holds licenses in in New York, New Jersey, Florida, Washington D.C., Pennsylvania and Illinois.
The largest provider of title plant access in Texas, Integrity Title Records has added a dozen counties in the Texas panhandle to its list of jurisdictions. The company’s vice president of business development said the added counties have records to sovereignty including a full library of document images and Grantor Grantee Indexes.
A national credit union with 72 locations in Texas, Colorado and Utah has launched a title insurance subsidiary. The credit union will offer title insurance and settlement services for both its members and the general public.
After hitting an all-time low in July, foreclosure filings increased during August.
TitleTap’s new director of business development has been a consultant and trainer for both title companies and underwriters.
Home prices continued an upward march in July, with prices in Washington and Utah increasing by double digits.
During testimony before the U.S. Senate’s Finance Committee, National Federation of Independent Business President and CEO Juanita Duggan said small businesses need rate parity, lower taxes, and a simplified code.
A Columbus, Ohio-based real estate company has named a vice president of business development.
A new title agency that can perform timeshare transfers in 23 states, Mexico, the Caribbean, plus other locations around the world, has opened in Orlando, Fla. The new company is a title agency for Fidelity National Title Insurance Co.
What impact will Hurricanes Harvey and Irma have on the real estate market? In a new whitepaper, Stewart's chief economist who studied homes sales one year prior and one year following Hurricane Charlie, Hurricane Katrina, Hurricane Ivan, Tropical Depression Allison, Hurricane Rita and Hurricane Ike, predicts the two recent hurricanes will increase homes sales in the long run.
The official split between Fidelity National Financial (FNF) and Black Knight Financial Services is scheduled to happen later this month following FNF’s distribution of its outstanding shares of BKFS stock. Three days later, BKFS will be known as Black Knight and will trade on the New York Stock Exchange under the trading symbol “BKI.”
To better serve the needs of title agents and lenders in sharing information about compliance with best practices, ALTA has approved a representation letter that will replace its certification package. The association said the letter corrects a flaw in the certification package and is designed to make it easier for companies to communicate their compliance with the ALTA Best Practices to third parties.
Home flippers pocketed a decent average ROI during the second quarter. However, ATTOM Data Solutions said that average has declined for three consecutive quarters.
According to the Black Knight Home Price Index, all 50 states saw home price appreciation in June.
According to CoreLogic’s Loan Performance Insights Report, both the foreclosure inventory rate and the serious delinquency rate dipped to their lowest levels in nearly a decade in June.
Fidelity National Financial Inc. has created a fund to help employees impacted by Hurricane Harvey. FNF also is partnering with a non-profit to raise funds to help other Gulf Coast residents struggling with the hurricane’s aftermath.
The Federal Reserve’s latest Beige Book said the economy is expanding, despite low inventories of homes, rising prices and not enough new construction that is hampering real estate activity. In some markets, Fed districts reported that sales are shifting to lower-priced homes from higher-price units
In a new whitepaper, the Mortgage Bankers Association says it believes that the Consumer Financial Protection Bureau too often uses enforcement actions rather than written guidance. Five years into the bureau’s existence, MBA said now is the time for the bureau to make key changes to its approach that would benefit both consumers and the industry.
LenderLive’s new chief financial officer spent more than a decade overseeing all aspects of finance at a financial technology company, as well as leading that company’s capital raising process and overseeing acquisitions. The new hire also previously held several senior finance positions at General Electric.
Direct Title Solutions announced a new integration that will enable Qualia customers to order title abstract and recording services in Florida, Maryland, New Jersey and Virginia.
WFG National Title Insurance Co. has selected one of the Michigan Land Title Association’s board members to serve as its Michigan counsel.
Throughout Texas, employees of title companies and underwriters have lost homes and possessions and have been displaced by Hurricane Harvey. Some title company offices have been destroyed and need office furniture to rebuild.
Alliant National Title Insurance Co. has created a fund to assist its title agents, their employees, their families and their communities with costs and expenses not covered by insurance or other means of recovery.
CATIC is partnering with the American Red Cross and one of its business partners to aid victims of Hurricane Harvey.
CoreLogic has provided seed money to support the launch of a new disaster fund designed to support victims of man-made and natural disasters such as Hurricane Harvey and Hurricane Irma.
First American Financial Corp. CEO Dennis J. Gilmore told The Title Report that he marveled at the resilience of everyone in the real estate, mortgage finance and title industries in the aftermath of Harvey, and is humbled by the compassion and generosity of our people.
Even before Houston’s flood-ravaged streets were passable, the North American Title Group and its associated companies had raised more than $1 million for victims of Hurricane Harvey.
Old Republic is using the strength of its large employee network to aid Gulf Coast residents impacted by Hurricane Harvey. The company is matching donations made by its employees and distributing those funds to two non-profits.
A former Michigan title company owner nearing the end of his second term in the U.S. Congress has decided not to seek re-election in 2018. In a statement announcing his decision, the congressman – who serves as a member of the House Financial Services Committee – said his intent all along was to serve for a brief time and then return to the private sector.
HomeServices of America has expanded its massive holdings with the addition of the nation’s top privately owned real estate brokerage. Among the holdings that were acquired are 10 settlement services companies in Virginia, West Virginia, Maryland, Delaware, New Jersey, Pennsylvania, North Carolina and the District of Columbia.
AmTrust Financial Services, Inc. recently entered into a new quota share reinsurance contract that reduces the company’s exposure to and lessens financial volatility related to all catastrophe events, including hurricanes and tropical storms.
Although second-quarter loan originations did not match 2016’s, they did increase from the first quarter. .
During August, the percentage of Americans who said now was a good time to sell a home and that mortgage rates will continue to decline both increased.
Jersey Mortgage said its new accounting software gives it the ability to analyze data rather than just type in data.