Pavaso has added Atlanta-based Cook & James to its network of local and national title and attorney partners.
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AmTrust Title Insurance Co. has hired a regional underwriting counsel who will be based in Virginia.
One economist is predicting homes will sell more quickly in 2018, and tax reform will encourage some homeowners to stay put longer and others to move away from high-priced cities.
Nationwide Title Clearing (NTC) is expanding its eRecording services to include nationwide eRecording of mortgage documents. NTC said the expansion is possible because of its newly completed county requirements database.
A new title agency that will handle residential and commercial closings and provide escrow services recently opened its doors in the Florida panhandle. The agency is owned by a local attorney who is a managing partner at a nearby law firm.
AmTrust Title Insurance Co. has hired a Midwest underwriting counsel.
Millennial borrowers were more likely to purchase a home in the Midwest in October, according to Ellie Mae’s latest Millennial Tracker.
The share of Americans who said now was a good time to buy a home increased in November.
First American Financial Corp. (FAF) has reached an agreement to acquire Bank of America’s (BOA) lien release business. As part of the agreement, which is expected to close during the first quarter of 2018, FAF will provide lien release services to BOA.
A New Jersey title agency has opened its fourth branch office. The company’s newest office is 25 miles away from New York City in a county where the median home price is $424,900, and the median list price is $222 per square foot.
Real estate contacts throughout the country reported that sales activities were restrained by low home inventories and rising home prices from mid-October through November. Home builders complained of rising costs for labor and materials, and in some markets affordability is becoming an issue.
The average profit on homes flipped in the third quarter dropped to its lowest level in more than two years. Read on from more details from ATTOM Data Solutions’ Q3 2017 U.S. Home Flipping Report.
During the third quarter, U.S. homeowners collectively saw their equity increase by nearly $871 billion, according to CoreLogic.
Qualia has integrated Punctual Abstract Co, Inc.’s title commitment data and property searches.
Berkshire Hathaway has acquired an independently owned title insurance agency that handles residential and commercial transactions across North Carolina and South Carolina. A Berkshire executive said the acquisition will further the company’s efforts to integrate all the elements of the real estate transaction into a seamless experience.
Demotech, Inc. has upgraded the financial stability rating of AmTrust Title Insurance Co. The company received a rating level that is assigned to insurers who possess unsurpassed financial stability related to maintaining positive surplus.
Two months after expanding its mortgage operations into Illinois, the technology driven real estate brokerage Redfin now is serving homebuyers in the District of Columbia. The company’s mortgage operation, which is integrated with Title Forward, plans to launch in additional states next year.
CATIC has hired a senior vice president and chief human resources officer with more than two decades of experience.
An Atlanta-area law firm that provides closing services in four states has hired a vice president of business development.
Although home prices are expected to dip slightly during November, CoreLogic is forecasting that home prices will increase through next October.
A Texas title agency has opened an additional office in the Dallas-Fort Worth (DFW) area and hired a sales manager for that territory. The company now has seven direct offices in the DFW area.
Illinois’ second-largest title insurance agency said it will open a new office in Chicago this month. The company’s executive vice president said signage on the building is visible to thousands of drivers who travel the Kennedy Expressway each day.
Premium Title has partnered with Pavaso to provide lenders with an eClosing solution that enables them to digitally deliver all closing documents to borrowers for review prior to closing on any device. Both companies believe the collaboration is a solid step toward providing a better, easier closing experience for borrowers.
AmTrust Title Insurance Co. has hired a national production manager who has more than 17 years of experience in the title industry.
DocMagic, Inc. has opened a 12,000 square foot print fulfillment center near its Torrance, Calif. headquarters.
A national underwriter has hired the former executive director of the Indiana Land Title Association to oversee its operations in Indiana.
Orange Coast Title Co. has hired a vice president and chief financial officer. The newest member of Orange Coast’s executive team has more than 25 years of financial and general management experience serving multiple industries.
An Arkansas title agency in existence for more than a century attributed the need for relocating its corporate headquarters to growth in the northwest part of the state. The company’s chief operating officer said the new headquarters will help the company step up the experience for customers and associates.
A national title insurance servicing company has created a cloud-hosting solution for title agents and law firms. The solution not only allows title agents and law firm employees to safely work away from their offices, it also assists with ALTA compliance and Consumer Financial Protection Bureau regulatory issues.
A recently released index identified the housing markets likely to have the strongest sales activities during the fourth quarter.
Sutton Alliance, LLC has hired a vice president of business development for its title division.
Segin Systems, Inc. has successfully completed a surveillance audit to assess the company’s information security management system.
A New Jersey-based title agency has opened a new office in Monmouth County. The agency’s president called the move a logical step in terms of proximity to the company’s client base and expansion into a growing area.
According to the National Association of Realtors, the industry is excited about Brian Montgomery’s anticipated return as commissioner of the Federal Housing Administration. This week, the Senate Banking Committee voted to approve Montgomery’s nomination and send it to the full Senate.
During October, more small-business owners expecting higher sales and said now is a good time to expand their businesses than during the previous month. The National Federation of Independent Business believes that anticipation of Congress passing tax reform in the near future is also making small-business owners more optimistic.
Homes became more affordable during September as real house prices decreased compared with August, according to First American Financial Corp.’s Real House Price Index.
Nationwide Abstrax LLC’s title and property searches now are available through Qualia’s network.
Loan Vision has become part of The Mortgage Collaborative’s resources for its lender-members, the companies announced.
Who is in charge of the Consumer Financial Protection Bureau? The answer might not be as simple as it would seem. Following the departure of former Director Richard Cordray and the dueling appointments of two acting directors, the answer to that question is not likely to be decided before weeks or months of court wrangling.
One of the nation’s largest and oldest regional title insurers has integrated its commitment jackets and closing protection letters with SoftPro’s business exchange platform. The integration will enable the title insurer’s agents to electronically report insured risks directly through their SoftPro software.
Pioneer Title Agency has hired an escrow officer to work at one of its branches in Phoenix.
Despite the fact that homes are overvalued in many markets, Freddie Mac said there is much evidence that there is currently no housing price bubble.
Home prices during September hit new peaks in several states.
On Black Friday, the Consumer Financial Protection Bureau was left in the dark about its leadership. Director Richard Cordray announced early in the day that he would resign his position, effective at midnight, and named a deputy director Hours later, President Donald Trump announced that he officially named Office of Management and Budget Director Mick Mulvaney as the acting director. So who is in charge?
Finance giants American Express, Bank of America, JPMorgan Chase and Wells Fargo have formed a company to conduct third-party risk assessments.
Mortgage Contracting Services, the parent company of Lenders Title Solutions, has acquired the property preservation division of Carrington Home Solutions. Terms of the deal were not disclosed.
The technology driven real estate brokerage Redfin Corp. reported third-quarter earnings that included increases in revenue and profits.
AmTrust Title Insurance Co. has hired a former Stewart executive as a regional agency manager.
The percentage of refinance loans inched up slightly in October as interest rates dipped to a new 2017 low.
Nationwide, the number of seriously underwater properties declined during the third quarter.
With its partnership with eOriginal now in place, Pavaso said it has completed the final steps of its online mortgage process and now can offer “fully” digital post closings.
During the third quarter, Realogy Holdings Corp.’s Title Resource Group had an increase in both purchase units and its average fee per closing unit. However, a large decrease in refinance units completed during the quarter drove the group’s revenue down.
America’s small-business owners are more optimistic about the national and global economies than they were one year ago, according to a survey by Bank of America.
Weichert Title Group has hired a former Stewart state sales manager to lead its New Jersey sales team.
Notarize has expanded its digital platform with new services that help title agents and lenders connect and serve buyers and sellers online.
The percentage of loans 30 days or more past due and the foreclosure inventory rate both dropped during August.
The Closing Exchange has acquired two businesses it believes will help it transform the signing services business for the mortgage, title and settlement, reverse mortgage, auto lending, and timeshares industries.
Meridian Title Corp. has named a regional sales manager who will lead its northern Indiana and southwest Michigan sales teams.
As a result of its partnership with Pavaso, Signature Closers now can provide digital closings as well as traditional closings. .
Qualia’s real estate closing platform is now available in all 50 states and the District of Columbia.
The number of businesses owned by women in the U.S. doubled from 1997 to 2017, according to a report commissioned by American Express OPEN.
The city of Detroit owns about 25 percent of all properties in the Motor City. The Detroit Land Bank Authority has the monumental task of selling these abandoned, often vacant properties and returning them to the tax rolls.
Stewart Title has hired a former Fidelity executive who served that company for more than two decades in six different northern California counties. The new division president will oversee Stewart’s daily operations San Francisco, Marin and Sonoma counties and be responsible for the company’s top-line growth.
A Florida-based company that provides turn-key marketing solutions and websites for title agents and law firms across the country has launched a blogging service.
ReverseVision has integrated Premier Reverse Closings’ title services into its loan origination system.
The net share of Americans who believed October was a good time to buy or sell a home declined.
Although the percentage of distressed sales declined during the third quarter, they remain high in several pockets of the nation.
The Consumer Financial Protection Bureau and its inaugural Director Richard Cordray have been a lightning rod for critics for years. With Cordray’s announced departure, the industry’s focus likely will switch to speculation on who President Donald Trump will appoint to replace him and the bureau’s structure.
The housing industry has expressed its concern over changes in House and Senate tax bills that would affect the incentives for homeownership. Although many wondered about a tax break that appeared to be targeted to luxury homes of more than $500,000, the impact of the proposal could have a much wider reach than anticipated.
Stewart Information Services Corp. said business disruptions caused by Hurricanes Harvey and Irma had a $4 million adverse impact on its pretax profits during the third quarter.
Attorneys’ Title Guaranty Fund, Inc. (ATG) has selected an accomplished director of information technology in the title insurance industry to serve as senior vice president and chief information officer.
First International Title has announced additions to its staff at two Florida locations.
A new integration will enable RamQuest customer’s to order PropLogix’s closing due diligence services without leaving the RamQuest solution.
During August, September and October, eRecording Partners Network added 29 jurisdictions to its eRecording network.
Following the release of its third quarter earnings report, Stewart Information Services Corp. announced it is reviewing alternatives which include a possible sale of the company or a merger. An analyst from Kroll Bond Rating Agency told The Title Report there was one combination that made the most sense for Stewart.
Old Republic National Title Insurance Co. has promoted a company veteran and brought him onto its executive leadership team. The newest member of the company’s executive leadership team joined Old Republic in 2010 and has served in various capacities, including overseeing the company’s operations in Texas, Oklahoma and New Mexico.
The owners of a Michigan title agency which experienced an $180,000 wire fraud breach in 2015 have developed a platform designed to prevent others involved in the real estate process from experiencing the same problem. The platform was introduced at the National Settlement Services Summit in San Antonio in June.
Rochford Law & Real Estate Title has hired a title processor to assist with various transactions.
TitleVest has hired a sales executive who will serve as a policy-issuing agent for all major underwriters.
A new integration will enable Qualia users to access eTitle’s services.
Revenue and profits from Old Republic’s title group are on a ‘record’ pace through the first nine months of 2017. Old Republic achieved improved third quarter numbers despite Hurricanes Harvey and Irma, which the company said caused a two-week disruption in Texas and one week in Florida.
The much-anticipated tax reform package released by the House Republicans last week will undoubtedly undergo many revisions. The National Association of Realtors is giving the initial proposal a thumbs down.
Mid America Mortgage, Inc. has launched a new digital mortgage approval and closing platform that promises to help borrowers reach the closing table in less than half the time of a traditional mortgage process. To promote its new platform, the company has partnered with NASCAR and the iconic race team Richard Petty Motorsports.
Omni Title LLC has a commercial title and escrow officer with more than 25 years of experience.
PCN Network’s Safe Escrow now includes a service that confirms payoff accounts and authenticates payees for outbound wires.
QuestSoft and Specialized Data Systems have partnered to provide end-to-end digital mortgage compliance, both companies announced.
Low interest rates and rising home prices helped Investors Title Co. set a quarterly record for revenues and net premiums written. The earning Investors Title generated during the third quarter was the second highest in the company’s history.
Old Republic National Title Insurance Co. has brought one of its veteran team members onto its executive leadership team as an executive vice president. The newest member of Old Republic’s executive team has served as a member of the company’s National Leadership Team on its Agency Committee for nearly four years.
A new report predicts housing markets throughout the nation will remain strong through the end of 2018, with home prices continuing to climb. The report suggests concerns about home prices which have hit new peaks in several areas are overblown.
AmTrust Title Insurance Co. has hired a First American Title Insurance executive to serve as its Michigan representative.
Entrust Solutions has selected a former managing partner of Landtech Data Corp. as its national sales director. Read on for more details.
PathSoftware has integrated ComplianceEase’s automated compliance solution with its cloud-based mortgage loan origination software.
The continued rise of home prices throughout the country was one of the factors that helped First American Financial Corp. post improved third quarter earnings. The company’s CEO said orders are up in October and that he’s optimistic about the fourth quarter.
AmTrust Title Insurance Co. has moved its Texas corporate offices into a skyscraper in downtown Houston. A company vice president said the company’s business is “vibrant and growing” in Houston and the additional space was needed to accommodate continued business expansion throughout Texas.
Stewart’s title and settlement services are now available through Ellie Mae’s all-in-one mortgage management solution.
Although the rate of appreciation is slowing, nationwide home prices peaked in August for the 64th straight month.
Nationwide, the share of vacant properties decreased.
The Gateway Mortgage Group has selected TRK Connection’s Insight Risk & Defect Management platform to conduct its internal quality control audits.
The hurricanes that devastated Texas and Florida residents also caused major disruptions for title industry and real estate professionals in those states. Even so, Fidelity National Financial, Inc.’s FNF Group posted third quarter earnings that included increases in revenues, profits and earnings per share.
The Census Bureau reported that the number of new single-family homes sold during September reached its highest level since October 2007. An official with the National Association of Realtors told The Title Report that any new supply, especially affordable housing for first-time buyers, is being immediately purchased.