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Inc. Magazine named RedVision, the independent nationwide provider of real property title data, search examination and curative-ready solutions, to Build 100. This new business index honors an elite tier of companies that have expanded their employment in each of the past five years.
The title insurance and mortgage lending industry will begin to feel the sting of implementing the newly integrated mortgage disclosure forms soon enough. And while challenges always present themselves when dealing with new regulations, planning ahead and following the advice of industry experts can lead companies to a smooth transition and successful implementation. But title companies are urged to start now in order to manage pressure points and reduce the disruption in business operations when it comes time to comply. So what should you be doing?
The Title Report and sponsor WFG National Title Insurance Co. are offering an exclusive webinar on March 19, from 2-3:30 p.m. ET, to provide title companies instruction on implementing the Consumer Financial Protection Bureau’s mandated mortgage disclosure forms. Title professionals are encouraged to join us for Mortgage Disclosure Forms: Restructuring, Reloading and Retooling to Meet the New Demands as we hear from several industry leaders including: Richard Horn, who was instrumental in writing the final rule; Vincent Danzi of OneTitle National Guaranty Co. Inc.; and Leslie Wyatt, of SoftPro.
CoreLogic released a new analysis showing 4 million homes returned to positive equity in 2013, bringing the total number of mortgaged residential properties with equity to 42.7 million. Keep reading to learn more about this shift in homeownership.
The Mobile County Probate Court recorded its first electronic document, a mortgage amendment, submitted through Simplifile. Mobile County is the fourth Alabama recording jurisdiction to make Simplifile’s e-recording service available, joining Elmore, Montgomery and Shelby counties.
Black Knight’s January Mortgage Monitor Report shows further declines in loan originations and fewer refinance prospects. It also showed the first increase in home equity lending since 2006. Read on to see how the data and analytics division came to these conclusions.
Delinquency rates for commercial and multifamily mortgage loans continued to decline in the fourth quarter of 2013, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report. Read on for more details.
Eight times a year each Federal Reserve Bank gathers anecdotal information on current economic conditions in its district. The report, commonly known as the Beige Book, summarizes the information by district and sector. On March 5, the report showed that economic conditions expanded in January and early February. Read on to see how the title insurance and real estate sector performed.
Michael Carus, president and chief operating officer of RedVision, told The Title Report how the Flexpert program, has been a true asset to the company. He said RedVision is able to scale up to match demand and scale down when the market shifts. Keep reading to learn more about how this program keeps pace within a fluctuating market.
Wells Fargo announced its support of the American Land Title Association’s Best Practices in its Settlement Agent Communications issued March 6. The lender said they are guidelines for sound business practices that should ideally already be in place for businesses providing title and closing services for its customers. Read on for more details.
Daren Blomquist, vice president of RealtyTrac told The Title Report that institutional investors have a disproportionate impact on the housing market, especially in the markets where they are concentrated. Nationwide, only six percent of all purchases went to these institutional investors, but recently it’s increased to 7-8 percent nationwide. Read on to learn more about the impact of this group of homebuyers.
Baird & Warner recently launched a new mobile application and began offering digital closings. The company offers independent residential real estate services in Chicagoland including mortgage financing and title insurance services. Read on for more details.
The U.S. House of Representatives passed the Home Flood Insurance Affordability Act of 2014 by a vast majority. The legislation was crafted by Republic Rep. Michael Grimm of New York in response to premiums that had increased drastically in flood-prone areas. The National Association of Homebuilders said the bill would make the NFIP stronger and more effective for years to come.
Lisa Aubrey joined WFG National Title Insurance Co. as a senior vice president and state manager for the company’s agency division in New Jersey and Pennsylvania. Joseph Drum, executive vice president, said she will use her background and skills to advance the company’s efforts. Read on to learn more about those efforts.
E-recording Partners Network announced the addition of three new counties in Michigan to their e-recording network. Kalamazoo County, Kalkaska County and Livingston County have all begun accepting documents electronically for recording.
DataQuick, a provider of real estate information solutions powered by data, analytics and decisioning, reports foreclosures have decreased in 31 of the 42 reporting markets. Vice President Gordon Crawford said home prices continue to fluctuate but foreclosures have been consistently decreasing. Read on for more information.
Despite a significant decrease in closings transactions across the country, many title industry professionals are optimistic about the spring market. Although some are blaming the weather – most seem to be crediting a lack of inventory. In Part II of this two-part series, Robert Reich, president of NextDeal says sales and marketing are crucial to survival.
North American Title Chief Executive Officer Tom Fischer said North American is growing strategically. Fischer told The Title Report the company is adding new teams, expanding in its current markets, as well as in its commercial division. Read on more for information.
J. Allen Fine, chairman of the board of Investors Title Co., announced the quarterly cash dividend. Investors Title Co. is a publicly-held North Carolina company whose stock is traded on the NASDAQ Global Select Market. Read on for more information on the dividend and the company’s earnings statement for 2013.
reQuire LLC entered into an investment partnership with L2 Capital Partners. Founder and Chief Executive Officer Daniel Morris told The Title Report it is an ideal partnership because L2 Capital understands the company’s mission and is eager to help it grow. Read on to learn more about these expanded service offerings from reQuire.
According to the January National Foreclosure report released by CoreLogic, there was a year-over-year decrease of 19 percent from January 2013 to January 2014. However, foreclosures increased 11.8 percent from December 2013 to January 2014. Keep reading to learn more.
Peter Birnbaum, president and chief executive officer of Attorneys’ Title Guaranty Fund Inc. of Illinois, was elected president of the Jesse White Foundation board of directors. ATG counsel Sarah Boeckman was elected secretary of the foundation.
New Jersey added its newest electronic recording jurisdiction, Hunterdon County, with Simplifile. Title companies, real estate lawyers and banks, will now be able to submit documents electronically to the clerk’s office for recording. Customers can also securely send payments to the county to cover recording fees electronically. Read on for more details.
SoftPro was presented with a Gold Stevie Award for National Sales Team of the Year at the Eighth Annual Stevie Awards Feb. 21. More than 1,500 nominations from organizations of all sizes and in virtually every industry were evaluated in this year’s competition. Finalists were determined by the average scores of 129 professionals worldwide, acting as preliminary judges.
Despite a significant decrease in closings transactions across the country, many title industry professionals are optimistic about the spring market. Although some are blaming the weather – most seem to be crediting a lack of inventory. In Part I of this two-part series, several industry experts spoke with The Title Report about this and how they are adjusting their business model.
Erica Meyer, chief executive officer and publisher of October Research, LLC, announced today that Fidelity National Title Group (FNTG) has signed on as the presenting sponsor for the 10th Annual National Settlement Services Summit (NS3), making this the third consecutive year the company has taken on this central role.
Fitch Ratings published its Dashboard Report for the U.S. title insurance sector, which discusses its outlook for title insurance and highlights the industry’s solid profitability and capitalization tied to an improved housing market. Read on to see how the industry ranks.
North American Title Group appointed Tiffany Bertling to senior vice president, business systems and processes. She is responsible for identifying, developing and monitoring initiatives designed to improve overall business operations and realize systematic efficiencies. Read on for NATG President Tom Fischer’s comments.
St. Johns County upgraded to the Landmark recording system, improving public records access and expanding online services. The Pioneer Technology Group, creator of Landmark, is a developer of software solutions and services to governments and the private sector.
LandStar Title Agency appointed Dina Estrada, former senior financial manager, to chief financial officer. She will oversee the accounting department as well as supervise commercial funding and settlement services.
First National Title Insurance Co. reported revenues for the company’s first full year of operations of $26.55 million, representing a year-over-year net increase of 174 percent. The non-affiliated portion of First National Title’s revenue grew from less than 1 percent in 2012 to 25.5 percent in 2013.
Chief Executive Officer Chris Phillips said he expects non-affiliated revenue to grow substantially in 2014.
The board of directors of Old Republic International Corp. declared a quarterly cash dividend on the common stock. It is payable March 14 to shareholders of record March 4. This latest dividend increase marks the 33rd consecutive year that Old Republic has boosted its cash dividend rate.
WFG National Title Insurance Co. promoted Mickey Vandenberg to the position of senior vice president/national escrow manager. In her new position, Vandenberg will be responsible for the establishment and implementation of standardized escrow policies and procedures throughout the company nationwide.
Read on to learn more about this announcement.
Fidelity National Title Major Accounts congratulated a sales executive for her recent sales in December 2013 of $559 million in national assets. The closing team at FNT is responsible for more than $3 billion in title insurance closings in the last three years, according to a company release.
RealtyTrac, a source for comprehensive housing data, released a housing affordability analysis showing the estimated monthly house payment for a median-priced three-bedroom home purchased in the fourth quarter of 2013 increased an average of 21 percent from a year ago.
Daren Blomquist, vice president at RealtyTrac, spoke with The Title Report about why this information is valuable to professionals in the industry.
CoreLogic economists recently reviewed the residential mortgage financial performance that defined 2013 and discussed significant trends that could affect the industry in 2014. The economic analysis includes information on credit availability and cash sales.
Read on for the key findings of the company’s January MarketPulse report.
Curt Szymanski, president of WINDWARD Consulting, the long-standing sales and marketing partner for ResWare, has a passion for combining technology and business processes together in order to improve the way that companies in the title industry do business. The Title Report attended his session, “2014: The Year of Automation” at the first LandTitle Compliance and Technology Conference.
Read on to learn how automating processes can help your business comply with regulations.
Matt Einheber, president and owner of Vista Abstract Inc., announced that his company will be the first to accept Bitcoins for real estate transactions. He spoke with The Title Report about why he thinks cryptocurrency is a valuable and important technology.
Investors Title Co. announced its results for the fourth quarter and year ended Dec. 31, 2013. Chairman J. Allen Fine said he was pleased to report record levels of revenue and net income for 2013, even though refinance activity slowed from the prior year.
Wingspan Portfolio Advisors, a diversified mortgage services company, made several high profile acquisitions in 2013 and says its open to more this year if the right opportunities present themselves. Last year the company expanded to Florida, California, Louisiana and Colorado.
The Mortgage Industry Standards Maintenance Organization released its latest version of the MISMO Residential Reference Model in Candidate Recommendation status and for a 30-day intellectual property rights review.
Title Resources promoted two executives. Juliann Hickey was appointed senior vice president and eastern regional manager and Mickey Godat was appointed vice president and eastern regional underwriting counsel. Both will be based out of the Title Resource’s Maitland, Fla., office.
RealtyTrac, a source for comprehensive housing data, released its U.S. Foreclosure Market Report for January 2014. The report shows foreclosure filings including default notices, scheduled auctions and bank repossessions. There was an eight percent increase from December but the total is still down 18 percent from January 2013. One in every 1,058 U.S. housing units had a foreclosure filing during the month.
Guaranteed Rate, one of the 10 largest retail mortgage companies in the nation, issued its first national mortgage data summary, providing a snapshot of the U.S. mortgage market. The data is based on more than 55,000 loans funded by Guaranteed Rate coast to coast during 2013, totaling nearly $16 billion. The report said overall loan volume was up by 5 percent in 2013 on a year-over-year basis.
Former National Settlement Services Summit (NS3) keynote speaker, Doug Smith just released his new book entitled "Happiness: The Art of Living with Peace, Confidence and Joy." After much research and study, Smith recounts his journey to better understand and practice the skills of happiness. All proceeds from the sales of the book will go towards The James Cancer Center or the Leukemia and Lymphoma Society.
Stewart Lender Services, a Stewart company and provider of servicing and mortgage origination support services, announced the new Servicing Quality Control service offering for mortgage servicers through Stewart’s Capital Markets Group. The program’s goal is to satisfy regulators’ and investors’ requirements and provides stakeholders with an objective assessment of a servicer’s performance.
The company also partnered with Butler & Hosch P.A., a residential mortgage law firm, to offer an expanded platform for nationwide REO title curative and settlement services.
More than 3 million homeowners refinanced their mortgages through the Home Affordable Refinance Program. The Federal Housing Finance Agency credits this to a recently launched educational campaign released in targeted markets to make homeowners aware of the program, which was relatively unknown until last year.
Read on to learn more about HARP loans and how Black Knight Financial Services is helping to streamline the process.
The Title Report attended a presentation given by Pat Carney, CSO of reQuire; Scott Fairbanks, business development manager for GreenFolders; and Greg McDonald, founder and CEO of Cloudstar at the first LandTitle Compliance and Technology Conference Feb. 7 regarding the importance of securing non-public, private information.
In Part II of this two-part series, we talk about how to implement this important practice.
Securing non-public, private information is critical for attracting and keeping lender clients, yet many agents are still struggling with how and when to take this crucial step. The Title Report attended a presentation given by Pat Carney, chief strategy officer of reQuire; Scott Fairbanks, business development manager for GreenFolders; and Greg McDonald, founder and chief executive officer of Cloudstar at the first LandTitle Compliance and Technology Conference Feb. 7.
In Part I of this two-part series, we talk about why this is an important practice to adopt.
Stewart Information Services Corp. announced value creation strategies, including the nomination of two new independent directors, a cost savings initiative and a share repurchase program. The cost savings initiative extends Stewart’s ongoing streamlining efforts and is expected to generate annual run rate pre-tax savings of $25 million by year-end 2015. Keep reading for more details on Stewart’s new initiatives.
The Mortgage Bankers Association estimates that sales of new single-family homes were running at a seasonally adjusted annual rate of 543,000 units in January 2014, based on data from its Builder Applications Survey. This represents an increase of 35 percent from December, however this increase follows a slow pace of sales in November and December.
Corporation Service Company, a provider of electronic document recording for document submitters and government recording offices nationwide, added an optical character recognition enhancement to its e-recording application. Users can now select any amount of full-text data and copy it with ease.
Statewide Abstract Corp., a family-owned title agency headquartered in White Plains, N.Y., kicked off its 35th year by announcing a promotion and new hires: Connie Alimena and Mari Anastos. Read on for the details.
Dolores Dios, founder of Accurate Abstracts, and Philip Peter Apter, of Eastland Title Services, spoke at the first LandTitle Compliance and Technology Conference Feb. 7, regarding the impact regulations have on the professionals actually searching for the title. Dios said it’s useful to use an online system but it has to be augmented by reliable regional experts with their boots on the ground and their noses in the books.
Edina Realty announced that Brad Fisher was named the new president of Edina Realty Title. The company is a Berkshire Hathaway affiliate and a wholly-owned subsidiary of HomeServices of America, Inc. Edina’s Realty’s family of companies includes Edina Realty, Edina Realty Title and Edina Realty Mortgage.
Delaware’s largest recording jurisdiction, New Castle County, announced e-recording of satisfactions and assignments is now available through Simplifile, an e-recording service provider. The county officially recorded its first electronic document, a satisfaction, submitted by a local bank. It is the second county to adopt e-recording with Simplifile, following Kent County in May 2013.
Adeptive Software, the privately owned creator of ResWare, is celebrating more than 10 years in the title and settlement software industry. In other news, Adeptive added Ganene Nielsen to assist with Implementation Services. Sylvia Hacker was hired to assist in supporting, testing and upgrading ResWare customers.
Stewart Information Services Corp. reported earnings for the fourth quarter and year 2013. Chief Executive Officer Matt Morris said the title operations delivered a solid year of earnings. He said he remains optimistic regarding the outlook for real estate in 2014.
Keep reading for more information on the company's title insurance and mortgage services segments.
First American Financial Corp., a provider of title insurance, settlement services and risk solutions for real estate transactions announced financial results for the fourth quarter and year ending Dec. 31, 2013. Total revenues were down 4 percent compared with last year but Chief Executive Officer Dennis Gilmore said the commercial business had its strongest year ever, with revenue up 23 percent.
Read on for more information about the company's 2013 earnings as well as its acquisition of Interthinx.
Fidelity National Financial Inc., a provider of title insurance, technology and transaction services to the real estate and mortgage industries, reported operating results for the three-month and 12-month periods ending Dec. 31, 2013. William Foley, chairman of Fidelity National Financial said the fourth quarter was a solid finish to a year of transition in the title insurance business as the market shifted focus from refinance transactions to a more purchase driven market.
Read on for more information on the company's earnings as well as its creation of Black Knight Financial Services and a tracking stock for portfolio company investments.
IBERIABANK Corp., a financial holding company with 21 title insurance offices, will acquire First Private Holdings Inc. The merger was approved by the board of directors of each company and is expected to close in the second quarter of 2014. The president and chief executive officer of IBKC said he is delighted to partner with a team that can help the company expand in the Dallas-Fort Worth Metroplex.
Richard Talley, 56, founder and chief executive officer of American Title Services in Centennial, Colo., passed away Feb. 4. He and his company were subjects of an investigation by the Colorado Division of Insurance. Details on the investigation have not yet been made available.
Detroit-based Title Source, an independent provider of title insurance, property valuations and settlement services, announced the launch of its revolutionary mobile app, My Signings, providing a streamlined process for Title Source and its signing agent partners nationwide. It was built to be the primary avenue for Title Source to communicate with signing agents. The app includes real-time communication, an in-app closing calendar and integrated GPS directions.
2014 has been labeled the year of implementation, and when it comes to data security, there are no exceptions. Title insurance and settlement services professionals will be on alert this year, taking numerous actions to protect their company’s dollars, data and customer information.
But what is required for protection? Where are the troublesome areas? What should you implement and how? What are the costs associated with implementation?
The Legal Description and sponsor Real Estate Data Shield have teamed up to offer an educational webinar to provide answers to these questions and, specifically, to instruct on what it means to “implement” to ensure data security compliance. The webinar will be held Thursday, Feb. 20, 2 – 3:30 p.m. ET and features three data security, information technology and privacy law experts: Matthew Froning, chief information officer, Security Compliance Associates; Richard Purcell, chief executive officer, Corporate Privacy Group; and Paul Schwartz, professor of law at Berkeley Law School and director, Berkeley Center for Law and Technology.
Pioneer Technology Group, developers of the YourDox secure title file system, was named a preferred vendor for title insurance agents underwritten by the FNTG family of companies. Under the terms of the agreement, FNTG agents will qualify for preferred pricing for the imaging, data and delivery and marketing services provided by Pioneer’s YourDox system. Pioneer Vice President Peter Johnson said FNTG has shown a firm commitment to providing common sense, cost-effective solutions to their agents and the customers they serve.
On Feb. 7, the Consumer Financial Protection Bureau or CFPB closed its comment period for consumers to submit their thoughts on the mortgage closing process. For the past month, the agency has sought input from closing and settlement agents, consumers, lenders, housing finance professional, brokers, real estate agents, advocates and other interested parties. The comments provided will be used to research and test solutions that address some of the biggest “pain points” associated with closing on a mortgage.
Read on to see the responses from the title insurance industry
The Title Report attended the first LandTitle Compliance and Technology Conference Feb. 7 in Orlando. The event included speakers from RynohLive, WFG, SoftPro, Adeptive, Windward Consulting, Simplifile, FinalTrac, LandTech and many more. Over the next few weeks, the October Research, LLC publications will be writing about these sessions and talking about the link between compliance and technology.
Read on for one speaker’s remarks on technology’s impact.
Ramachandran Ariyur, senior vice president, head of global sales and marketing at SLK Global spoke with The Title Report about overseas expansion. The company provides business process management services for the U.S. from India. Just recently, the company opened its first American location in Dallas, Texas.
First American Financial Corp., a global provider of title insurance, settlement services and risk solutions to participants in real estate transactions, signed an agreement with Verisk Analytics Inc. to acquire Interthinx Inc. Established in 1996, Interthinx provides solutions designed to help clients minimize risk, increase operational efficiencies, satisfy regulatory requirements, manage data verification and ensure compliance. The company is best known for FraudGUARD, its mortgage fraud analytics product.
Stewart Title of California announced two new offices will open in San Francisco to serve the Bay Area. The staff will handle residential and commercial transactions, as well as other title and escrow-related services. The company also added Jason McDonald as regional sales manager – vice president.
Simplifile, an e-recording service provider, appointed Nancy Alley to the position of vice president of strategic planning. She said Simplifile is a leader in the industry and good match. She brings past experience from ISGN Corp. and Xerox.
Attorney’s Title Guaranty Fund Inc. of Illinois elected Ward McDonald as chair of the board of directors for the organization, which celebrates its 50th anniversary in 2014. As the 2014 chair, McDonald will preside over board meetings, have a seat on key ATG committees and interact with ATG’s executive staff on long-range planning and financial decisions that affects the company. Other elected directors include Peter Birnbaum, James Hallene, Aurora Abella-Austriaco, James Grant, Murphy Hart, John Heutsch and Jonathan Sherry.
Kensington Vanguard National Land Services, one of the largest independent full-service national title insurance and settlement agencies, opened its first office in the greater Washington D.C. market with the acquisitions of New Era Title and Clear to Close Settlement Services. These represent the second and third acquisitions completed by the company in the past 12 months. Headquartered in New York City, the company has offices in Florida, New Jersey, Virginia and Texas and operates in all 50 states.
Williston Financial Group acquired Universal Land Title of Texas, a Texas-based title insurance agency with offices in Dallas, Fort Worth and Houston. WFG is the parent company of a family of title insurers which deliver title insurance and real estate settlement services for lender, commercial and residential transactions, nationwide. Universal Land Title of Texas will now operate as WFG National Title Company of Texas.
The Title Consumer Shopping Tools Working Group has been gathering to determine the feasibility of promoting effective consumer shopping for title agents and insurers without delaying real estate closing schedules. The group is considering developing best practices for the design and implementation of title cost comparison guides for consumers. The organization is working with states across the country to develop these guides that would be applicable in each state with their differing laws.
Read on for details.
SoftPro, a provider of title, closing and escrow software, revealed its panel of speakers for its 15th Annual User Group Conference to be held April 2-4 at the Sanibel Harbour Marriott Resort in Fort Myers, Fla. Speakers include Rudy Ruettiger, Michelle Korsmo, and Paul Meshanko. There will also be hands-on computer instruction and panel-led discussions.
North American Title Insurance Co. added Christy Hennesey as its agency service representative in its Florida office. She brings experience with major title insurance underwriters and sales to the NATIC Florida team.
Alaska became the third multi-jurisdictional state in which 100 percent of its recording jurisdictions are e-recording enabled. Colorado was first and Arizona second. Hawaii also claims 100 percent with its state-based recording system.
Linear Title and Closing Ltd., a provider of national title and settlement services announced the opening of an office in Denver, Colo.
The Consumer Financial Protection Bureau (CFPB) has released its final rule on the integrated mortgage disclosures under the Real Estate Settlement Procedures Act (RESPA) and the Truth in Lending Act (TILA). Not much time has passed since industry members had to implement a new Good Faith Estimate and HUD-1 form under the 2010 RESPA reform. Similar to that reform, preparing for this new rule will require extensive staff training, retooling and systems upgrades to ensure compliance.
RESPA News and Dodd Frank Update have teamed up to provide industry professionals with two training webinars that deliver in-depth instruction on the impactful provisions of the new regulations. Sponsored by WFG National Title Insurance Co., Part 2 of the Mortgage Disclosure Forms Training Series airs Thursday, Feb. 13 at 2 p.m. ET.
First National Corp., the parent company of First Bank, reported record annual and quarterly earnings. Net income totaled $10 million, or $1.85 per basic and diluted share, for the year ended Dec. 31, 2013. For the fourth quarter of 2013, net income totaled $7.5 million, or $1.49 per basic and diluted share.
Adeptive announced that First American Title Insurance Co.’s AgentNet is now integrated with Adeptive’s ResWare platform, allowing users to generate approved First American Closing Protection Letters (CPLs). The integrated technology allows title agents to work more conveniently and efficiently with First American. The ability to quickly generate approved First American CPLs from within the ResWare platform eliminates the need to rekey data.
Title Alliance, a title insurance company with 35 RESPA compliant joint ventures, turned a total profit of $6,581,101. Among the results, Title Alliance noted affiliates in Ohio saw an impressive jump in profits from 2012-2013. This allowed one affiliate, America Land Title Affiliates, to add a commerical division.
Read on for more information on Title Alliance.
First Title and Escrow, a nationwide provider of title insurance and closing solutions announced its expansion into Texas with the opening of its first location in the Dallas/Fort Worth area. The company also recently completed an SSAE 16 SOC1, Type II audit of its processes, procedures, internal controls and technology infrastructure. This new location will allow the company to offer residential and commercial services.
Keep reading for more details.
FNF announced its plan to create a tracking stock for its portfolio company investments. FNF would contribute these portfolio company investments into a new subsidiary, Fidelity National Financial Ventures and create and distribute a class of shares to FNF shareholders that tracks the performance of FNFV.
All add-on investments in existing portfolio companies and any new portfolio company investments will be funded and managed by FNFV. Cash flow from FNF’s core real estate, technology and mortgage related businesses will be used to reinvest in core operations, repay debt, pay dividends and repurchase stock.
Read on for more information on FNFV and FNF's quarterly dividend and its fourth quarter 2013 conference call.
D.R. Horton Inc., a national homebuilder, reported a 4 percent rise in orders in the first quarter as housing demand as stabilizing mortgage rates and signs of an economic recovery spur housing demand.
A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the draft criteria report, “BCAR for Title Insurance Companies.”
The Federal Housing Administration is granting expanded authority to lenders to accept electronic or e-signatures on documents associated with mortgage loans. Until recently, e-signatures were only permitted on third party documents such as sales contracts and other documents not controlled by the lender.
Keep reading to learn why the FHA is changing its policy.
John Magness, executive vice president of Old Republic National Title Insurance Co. (ORNTIC) and president of the Central Title Group, was promoted to chief operating officer for Old Republic Title Insurance Group. He will oversee and administer the title group’s agency and direct operations throughout the country, in order to maximize each component’s profitability. He also will be responsible for assisting in the ongoing growth of the title group as well as developing, implementing and achieving business objectives and corporate strategies.
President Barrack Obama delivered the State of the Union address Jan. 28, where he said the most important investment many families make is their home. On Jan. 29, several industry associations released statements. Read on to see what they thought of the address.
America Land Title Affiliates added a dedicated commercial division and a new commercial staff member.
Kroll Factual Data Inc., a provider of credit, risk mitigation and verification services to mortgage lenders, banks and credit unions, announced an increase throughout the country of possible fraudulent activity in loan applications submitted to the company for review between the second and third quarters of 2013.
Agencies across the industry are reporting a drop in home prices in November and December but an increase in 2013 over 2012. The Title Report researched the data from the Case-Shiller Home Price Indices, Black Knight Financial Services and DataQuick to see what the industry experts are saying.
In the title industry, sales teams seem to be focused on maintaining existing clients rather than attracting new ones.
Peter Johnson, vice president of sales and marketing at Pioneer Technology Group, and Darryl Turner, chief executive officer of The Darryl Turner Corp., spoke to The Title Report about how to properly build an effective sales team.
The 2014 Voice of the Title Agent survey will close Feb. 10. Don't miss your chance to make your voice heard.
The goal of this survey is to ask title agents about the opportunities and challenges that exist in the marketplace right now, as well as gain insight into your operations and processes.
Click here to participate:
As an additional incentive, after you fill out the survey, you'll be entered into a drawing for one of three free subscriptions to The Title Report. The survey itself should take about 5 to 10 minutes. Thanks for any input you provide - looking forward to seeing this year's results!
2014 Voice of the Title Agent Survey | The Title Report
Business process provider, SLK Global, opened its first U.S.-based facility in Dallas.
Builder confidence in the market for newly built, single-family homes fell in January, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
ClosingCorp, a provider of residential real estate closing cost data and technologies for mortgage lenders, real estate professionals and consumers, named a new vice president of strategic operations.
The American Institute of CPAs issued a report stating that Alliant National maintains effective controls over its Agent Quality Management System.
North American Title Co. added a senior vice president in Arizona and an assistant manager to its California title plant.
SoftPro, a provider of title, closing and escrow software, announced that registration is now open for the 2014 SoftPro User Group Conference to be held April 2 – 4 at the Sanibel Harbour Marriott Resort in Fort Myers, Fla. Held annually for users of SoftPro’s award-winning software, the conference will focus on preparations for implementing the Consumer Financial Protection Bureau’s Final Rule that will affect real estate transactions nationwide.