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.
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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.
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.
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 Holdings, Inc. has selected a company veteran to serve as its chief information security officer. Read on for more details.
Cloudstar has hired a former JP Morgan Chase manager to serve as vice president of sales. Read on for more details.
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.
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.
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.
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.
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.
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.
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.
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 Solutions has hired a senior vice president. Read on for more details.
The Florida Agency Network has hired a sales manager to oversee sales initiatives throughout Florida. Read on for more details.
ComplianceEase has updated its ComplianceAnalyzer with TRID Monitor to comply with the 2017 TILA-RESPA Integrated Disclosure Rule. Read on for more details.
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.
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 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.
Nationwide Title Clearing has promoted a company executive to serve as assistant vice president of business development. Read on for more details.
An increasing percentage of millennials took advantage of conventional loans in January. Read on for more details.
A new suburban commercial real estate brokerage firm serving Massachusetts’ 128 suburban markets has launched. Read on for more details.
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 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 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.
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.
The Arkansas Secretary of State has approved Simplifile as an eNotary service provider. Read on for more details.
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.
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’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 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 Title Insurance Co. has hired an industry veteran to serve as a senior vice president in its National Commercial Division.
The frequency of defects, fraudulence and misrepresentation in mortgage applications in January increased by 13.7 percent compared with January 2017.
Alliant National Title Insurance Co. has hired a vice president and Great Lakes Agency manager. Read on for more details.
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.
The online mortgage lender Lenda has expanded its services into Florida and Georgia, increasing its reach to 65 percent of the digital mortgage market.
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.
Nationwide Title Clearing has promoted one of its executives to vice president of sales and marketing. Read on for more details.
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 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.
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 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.
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.
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.
A Freddie Mac economist said the U.S. housing markets could show modest growth this year even with higher mortgage rates.
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.
Calyx Software has introduced a loan interview platform that loan originators can deliver to prospective borrowers via a branded URL.
Chicago Title and Fidelity National Title Co. have agreed to house about 40 of their employees at a $1.5 billion project on the Columbia River in Vancouver, Wash.
Less than one year after joining the company, Docutech has promoted one of its company executives to CEO.
During December, investment in small businesses increased in several sectors, including construction, transportation and administrative and waste services. However, delinquencies among small businesses during the month reached their highest levels since 2012.
Nationwide Title Clearing has selected a vice president of national sales. Read on for more details.
Mississippi, Louisiana, Florida, Alabama and West Virginia had the highest percentage of non-current loans in January. Read on for more details.
Built Technologies has hired a vice president of sales. Read on for more details.
Stewart is partnering with an eMortgage technology developer to accelerate the company’s efforts to promote and deliver a fully digital mortgage closing process.
The Federal Reserve Board has approved IBERIABANK Corp.’s acquisition of Florida-based Gibraltar Private Bank & Trust Co, a deal worth an estimated $223 million.
A mobile settlement company which specializes in conducting real estate closings in Maryland, the District of Columbia and Northern Virginia has launched ZOCCAM’s mobile application.
Old Republic Title has named a chief underwriting counsel and manager of its underwriting department for the Western Title Division.
Median home prices in U.S. ZIP codes in the highest 20 percent for environmental hazard risk appreciated at a faster pace than the overall market over the past decade, according to ATTOM Data Solutions’ 2017 Environmental Hazards Housing Risk Index.
Weichert Commercial Brokerage, Inc. has appointed five new sales associates. Read on for more details.
Old Republic National Title Insurance Co. has selected Pavaso to process eClosings for the company’s direct and national settlement operations, the company announced. Old Republic’s Pavaso solution integrates technologies such as Blockchain and eNotary and enables title agents to assimilate complimentary applications into a single portal.
Black Knight’s revenues and net earnings increased during both the fourth quarter and 2017. The company said its fourth-quarter earnings included a $110.9 million income tax benefit resulting from tax reform.
United Wholesale Mortgage (UWM) has expanded its eClosing capabilities to borrowers in 16 states, the company announced. UWM said its technology allows borrowers to close a loan from any computer, tablet, Android or Apple device with a web camera and Internet connection.
Old Republic has hired an agency manager for its Pacific Northwest Region. Read on for more details.
According to Redfin’s latest migration report, home searchers sought to leave high-tax coastal markets in favor of more-affordable cities during 2017’s fourth quarter. Read on for more details.
Waterstone Mortgage Corp. recently promoted one of its managers to vice president of marketing. Read on for more details.
Due to an increase in market share among independent agents, First National Title Insurance Co. (FNTI) reported a year-over-year gross revenue increase in 2017 and a nearly doubling of its gross revenues in two years.
CertifID has closed on its first round of financing for its wire fraud prevention platform. The company said the financing round was oversubscribed within two days, and attracted several prominent angel investors.
A Texas title company with locations throughout Dallas and Houston has selected ZOCCAM’s mobile application and platform. The title company’s agents now are able to securely deliver payments and documents to financial institutions through ZOCCAM.
During January, 12 states and the District of Columbia had year-over-year increases in foreclosure activity. Read on for more details from ATTOM Data Solutions.
FirstClose announced a new Application Program Interface as part of its partnership with CRIF Lending Solutions. Read on for more details.
First National Bank of Omaha and ATS Secured have introduced a closing solution that enables agents to manage disbursements in one place. Read on for more details.
The National Association of Independent Land Title Agents is mourning the passing of its former president and industry notable Anthony L. Affatati, Sr. NAILTA President Rob Holman told The Title Report that Affatati loved NAILTA and loved being part of the title insurance industry, rarely missing an opportunity to tell strangers what he did for a living.
Reli Settlement Solutions, Alabama’s largest real estate title and settlement company, has opened two new offices and hired additional executive staff members. The company hired both a director of marketing and a director of title operations.
Fidelity National Title Group has launched a new logo, tagline and website for its title production division TitleWave Real Estate Solutions. The company said TitleWave’s new visual identity and virtual presence demonstrates its commitment to provide Fidelity agents with break-through solutions.
A Docutech executive vice president has been selected to chair the board of directors for the Electronic Signatures and Records Association in 2018. Read on for more details.
An Ohio-based company with a vision of using Blockchain technology to facilitate 30-second real estate transactions has secured $3 million in funding. Read on for more details.
A national underwriter has hired an industry veteran to oversee its operations in Colorado. Read on for more details.
ATTOM Data Solutions has acquired the leading provider of neighborhood data and data-enabled turnkey products to the real estate industry, the company announced. As a result of the acquisition, Onboard Informatics’ neighborhood data will be integrated into the ATTOM Data Warehouse, which blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard and neighborhood data.
The House on Wednesday approved a bill that makes changes to the TILA-RESPA Integrated Disclosure (TRID) rule that mortgage loan originators and title insurers have been advocating. If approved by the Senate, the bill would amend the TRID rule to modify disclosure requirements applicable to mortgage loan transactions.
The principals of Rhode Island-based Pilgrim Title Insurance Co. have expanded into Florida. The Florida office will provide closing and title services including commercial real estate acquisitions and financing.
Columbus, Ohio-based Title First Agency recently earned it SSAE-18 certification. Read on for more details.
Ellie Mae has hired a former Walmart executive to serve as its executive vice president of human resources. Read on for more details.
CoreLogic has hired an executive to be part of its Government Affairs team. Read on for more details.
First American Financial Corp. reported mixed results for its fourth quarter, with revenues down slightly but net income up. However, both FAF’s 2017 yearly revenue and net income beat 2016’s numbers.
The parent company of loanDepot has named a real estate executive to head its recently launched mello Home business. mello’s CEO is the former president of Keller Williams Worldwide division and former CEO of Keller Williams.
The percentage of refinance loans among millennials has held steady for three straight months. Read on for more information from the latest Ellie Mae Millennial Tracker.
The percentage of Americans who felt positive about the housing market reached an all-time high in January. Read on for more details from Fannie Mae’s latest Home Purchase Sentiment Index.
First American Title National Commercial Services has hired a Texas operations manager. Read on for more details.
Which states had the largest increase in the frequency of defects, fraud and misrepresentation in mortgage loan applications? Read on for those answers from First American’s latest Loan Application Defect Index.
Citing a shortage of qualified workers, nearly one quarter of small-business owners surveyed in January plan to increase pay levels to attract the employees they need, according to a report by National Federation of Independent Business.
Stewart Information Services Corp. attributed a drop in fourth-quarter net income and pretax income to more than $9 million in charges related to its review of corporate strategic alternatives, office closures, the integration of Title365, and executive severance and retention expenses.
Black Knight has hired the former chief operating officer of Fidelity National Information Services to serve as its CEO. The company’s current CEO, Tom Sanzone, will become Black Knight’s vice chairman and will assist with the transition.
CoreLogic said the largest year-over-year increases in home prices were in California, Idaho, Nevada, Utah and Washington. Read on for more details.
Manatee County, Fla. has adopted Simplifile’s eRecording platform. Read on for more details.
For a third consecutive year, Investors Title reported record levels of revenues. Company Chairman J. Allen Fine attributed the company’s positive run to a growing national economy, a strong real estate market, and the success of its long-term business model.
Fidelity National Title Group (FNTG) has selected a long-time company veteran to oversee its commercial and residential real estate operations in the Midwest, East and Southeast. FNTG’s newest executive vice president and division manager told The Title Report the new opportunity is both an honor and a privilege.
NextDeal’s technology platform preDOCS has been deployed by The Closing Agent, the companies announced. The Closing Agent’s chief operating officer said preDOCS is saving the company at least an hour per file.
Agents National Title Insurance Co. has hired an industry veteran to oversee its agency operations, production and underwriting in Florida. Read on for more details.
As a result of federal tax reform, IBERIABANK announced raises and bonuses for nearly 80 percent of its associates. Read on for more information.