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First American Financial Corp. announced the availability of its new TotalView report in DataTree.com. Mortgage lenders, attorneys and other professionals who work with real property and ownership-related issues now will have instant access to detailed property information organized in a single report. Keep reading to learn more.
Stewart Title appointed a senior business development officer for commercial services in its Houston division. He will have a special focus on renewable energy. Read on to learn more.
The U.S. economy has grown, slowly, according to Dr. Ray Perryman, president and CEO of The Perryman Group. The Title Report was able to attend his presentation at the Texas Land Title Association (TLTA) Annual Conference and Business Meeting. Read on to learn more.
Boosted by a greater share of sales to first-time buyers not seen in nearly four years, existing-home sales maintained their upward trajectory in June and increased for the fourth consecutive month, according to the National Association of Realtors. Read on to learn more.
The Department of Labor’s recently announced update to federal overtime regulations is set to go into effect Dec. 1, 2016. Ballard Spahr Partner Shannon Farmer talked about these new rules in a recent American Land Title Association (ALTA) webinar. Read on to learn more.
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the new residential construction statistics for June 2016. Read on to learn more.
Stewart’s CEO Matthew Morris said second-quarter 2016 results reflect continued bottom line improvement in the company’s core title operations, according to the company’s second quarter earnings announcement. He also addressed comments from a shareholder company, which said it wanted Stewart to explore a sale of the company. Read on to learn more.
Fidelity National Financial, Inc. reported the operating results of FNF Group for the three and six month period that ended June 30, 2016. Chairman William P. Foley said in a press release that this quarter clearly highlighted the earnings power of the company’s title insurance business. Keep reading to learn more.
First American Financial Corp. released its financial results for the second quarter that ended June 30, 2016. CEO Dennis Gilmore said in a press release that the title segment achieved a pretax margin of 13.7 percent, the highest in the company’s history.
WFG National Title Insurance Co. added an agency sales representative for Ohio and Illinois within its Midwest Agency region. He is a 20-year veteran of the title insurance industry. Read on to learn more.
The economic growth outlook for the second half of the year remains unchanged from the prior forecast at about 2.0 percent, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s July 2016 Economic and Housing Outlook. Keep reading to learn more.
ClosingCorp’s DART service now is available through Qualia. The integration will allow law firms and title agents to automatically calculate document recording fees and transfer taxes directly from within Qualia. Read on to learn more.
North American Title Co. (NATC) expanded its operations in Placer County in California with a new office location to serve the burgeoning West Roseville area. Keep reading to learn more.
1TRACT LLC has entered into a preferred vendor arrangement with Fidelity National Title Group (FNTG). This agreement provides FNTG title agents a solution to eliminate error in real estate conveyance transactions, the companies announced. Keep reading to learn more.
AmTrust Title Insurance Co. hired a veteran of the industry with more than 22 years of title insurance experience. He has joined the company as director of corporate strategy, agency vice president. Read on to learn more.
This summer The Title Report was able to listen to entrepreneur and author Anne Grady. In her presentation at the Texas Land Title Association (TLTA) Annual Conference and Business Meeting, she said millennials are just as hardworking as previous generations, but their motivations are different.
BesTitle Agency, Inc. opened its new office in Jackson, Ohio. Read on to learn more.
Simplifile has partnered with Qualia to enable law firms and title agents to eRecord directly from Qualia’s cloud-based settlement software. Keep reading to learn more.
RealtyTrac released its Midyear 2016 U.S. Foreclosure Market Report. It showed foreclosing filings in the first six months of 2016 are down 20 percent from the previous six months, and 11 percent from the first six months of 2015. Read on to learn more.
Howard Hanna Real Estate Services and RealtyUSA announced a merger. It combines the largest residential real estate broker in New York with the largest broker in Pennsylvania and Ohio. Keep reading to learn more.
Williston Financial Group (WFG) Chairman and CEO Patrick Stone provided several invaluable insights at October Research, LLC’s 2016 National Settlement Services Summit (NS3), debunking various media distortions about the economy, examining perceptions among real estate brokers, settlement services providers and lenders; and showing why integrations and eClosings are the future. Read on to learn more.
MISMO, the Mortgage Industry Standards Maintenance Organization, released a set of products to help companies implement the Consumer Financial Protection Bureau’s new Home Mortgage Disclosure Act (HMDA) rule. Rea on to learn more.
NNA Services, LLC launched TitleAndEscrowBonds.com, a surety and fidelity bond solution. It expands the company’s insurance offerings for the title and escrow industry. Keep reading to learn more.
Simplifile has expanded its eRecording network with the addition of 23 county recording offices across the South and Midwest. Keep reading to learn more.
The industry is facing a host of fresh issues and opportunities this season. Lenders are sharpening their focus on their third-party vetting processes while agents increase their cyberawareness. At the 2016 National Settlement Services Summit (NS3) leaders from the Big Four discussed what is in store for the industry. Read on to learn more.
Reports from the 12 Federal Reserve Districts indicate that economic activity continued to expand at a modest pace across most regions from mid-May through the end of June. Real estate activity continued to strengthen, and banks reported overall increases in loan demand. Keep reading to learn more.
North American Title Co. expanded its operations in the central valley of California with a new office location in Manteca. This new opening marks NATC’s fifth location in the San Joaquin/Stanislaus region. Read on to learn more.
AmTrust Title Insurance Co. named a veteran of the industry with more than 22 years of title insurance experience, director of corporate strategy, agency vice president. He will be expanding the company’s authority to write title insurance across the country and to broaden its agency operations nationwide with a regional focus on the western United States. Keep reading to learn more.
Fannie Mae’s Home Purchase Sentiment Index decreased 2.1 points to 83.2 in June, down from May’s all-time survey high, as more consumers report mixed views toward housing and income growth. Read on to learn more.
CoreLogic released its May 2016 National Foreclosure Report, showing the foreclosure inventory declined by 24.5 percent. All states but North Dakota experienced declines in their foreclosure rate compared with the prior year. Read on to learn more.
Proper Title, LLC has hired a commercial escrow closer. She brings more than 32 years of experience with her to the position. Read on to learn more.
ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries named a chief innovation officer. He will be charged with exploring and driving innovative solutions impacting the business and industry segments. Read on to learn more.
Assurant Inc., a provider of risk management solutions, acquired American Title Inc. (ATI). It now will operate as part of Assurant Mortgage Solutions business lines. Read on to learn more.
The American Land Title Association’s (ALTA) Board of Governors approved recommendations to adopt, revise and decertify forms during a meeting June 9, 2016. These forms are currently in an industry comment period until July 29 and are subject to change. Read on to learn more.
Stewart Title appointed two new sales managers. Read on to learn more about them.
Title agents, real estate agents and builders have many contact points, but the key to working together is the connection and relationship. New Homes Solutions Consulting founder Kimberly Mackey said at the 2016 National Settlement Services Summit (NS3) title agents need innovative ways to attract business from these industry partners. Keep reading to learn more.
Last month, the American Land Title Association tweaked its Title Insurance and Settlement Company Best Practices framework. Read on to learn what industry insiders had to say about these changes to The Title Report.
Kicking off the 2016 National Settlement Services Summit were four educational sessions on lender oversight and third-party vetting preparations. Underwriters, title agents and lenders discussed different levels of standards and certifications for title agents to meet their lenders’ oversight standards. Read on for the details.
Based on a recent Market Strategies International study, 31 percent of American households feel obliged to do business with one or more financial services companies they distrust. Market Strategies’ national omnibus study explored trust in a variety of financial services product categories. Keep reading to learn more.
Cypress Data Services, Inc. launched a web-based database designed to assist in identifying condominium and homeowners’ associations affecting real estate throughout Florida. Read on for more details.
Westcor Land Title Insurance Co. promoted one of its own to chief operating officer. He will oversee the operating divisions of the company’s core business to include regional operations, the national agency division and the lender services division. Read on to learn more.
Alliant National Title Insurance Co. named an associate Florida underwriting counsel. She said she is very excited to join Alliant National. Read on to learn more.
Refinance applications increased 21 percent to their highest level since January 2015, according to the latest Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Read on to learn why.
A pair of credit rating agencies affirmed their ratings for Stewart Title, but one of them made a change to the rating outlook for the company. Read on for all the details.
Fitch Ratings has affirmed its ratings for Fidelity National Financial, Inc. as well as First American Financial. Read on for the details.
A.M. Best has affirmed the financial strength rating for Investors Title Co., Inc. The outlook for each rating is stable. Keep reading to learn more.
Simplifile has made several new hires to better support its mortgage lending clients and product lines. President Paul Clifford said the company has seen a growing interest from lenders in the company’s collaboration and post-closing solutions and responded by adding new talent. Read on to learn more.
Stewart Title appointed a business development officer for Stewart Title Commercial Services’ Baltimore division. Keep reading to learn more.
Fannie Mae’s Economic and Strategic Research Group’s full-year economic growth forecast remains unchanged in June. Recent data emphasize the uneven nature of the current economic expansion, according to the forecast. Read on to learn more.
North American Title Insurance Co. has announced the hiring and promotion of its newest team members. These include two state managers and an affiliate account manager. Read on to learn more.
The adoption of electronic recording or eRecording has been on a steady increase, with a jump in the past year. To determine why eRecording received a boost in adoption, The Title Report spoke with industry experts about their observations. Keep reading to learn what they had to say.
eClosings may not be the easiest way to execute a transaction yet, but if agents don’t start preparing now, they will be behind their competitors when eClosings are broadly adopted. At the 2016 National Settlement Services Summit (NS3) a panel of speakers discussed what that entails. Read on to learn more.
CoreLogic released its April 2016 National Foreclosure Report showing the foreclosure inventory declined by 23.4 percent and completed foreclosures declined by 15.8 percent compared with April 2015. Read on to learn more.
Napa County, Calif. electronically recorded closing documents for the first time with DPS, a nationwide recording company. Read on to learn more.
The American Land Title Association (ALTA) Board of Governors approved the development of a Best Practices Maturity Model to help companies demonstrate the progress made toward implementation of its Title Insurance and Settlement Company Best Practices. Updates to the Best Practices are also under a public comment period until July 29. Keep reading to learn more.
Motivity Solutions will provide Black Knight clients with business intelligence capabilities. It will be integrated with Black Knight's LoanSphere Product Suite, including the LoanSphere Data Hub. Keep reading to learn more.
Chicago Title Insurance Co. named a senior vice president and regional manager. In this new position he will oversee the company’s services to real estate clients in the Chicago Metropolitan market. Keep reading to learn more.
Pavaso, Inc. has passed its Service Organization Control 1 audit for the Digital Close platform. This is the second SOC certification for Pavaso, as the company’s data center has already been SOC 2 certified. Read on to learn more.
Demotech assigned a Financial Stability Rating to Iowa Title Guaranty. Keep reading to learn more.
NextDeal and Alliant National Title Insurance Co. have integrated with Landtech. Alliant National Chief Operating Officer David Sinclair said this new integration with Landtech makes things much easier for our agents. Keep reading to learn more.
RamQuest, Inc. announced its Closing Market digital network now is integrated with NextDeal’s preDocs. preDOCS automates the electronic delivery of opening packages for review, completion and eSignature by both buyers and sellers. Keep reading to learn more.
Agents need to take advantage of this chaotic time in the industry to make necessary changes to grow their companies. That was the message delivered during the National Settlement Services Summit (NS3) by Cynthia McGovern, founder of Orange Leaf Consulting, and Florida Agency Network CEO Aaron Davis in, “Business NOT as Usual.” Read on to learn more.
LERETA has acquired American Property Guard (APG), a Dallas-based company offering tax certificate and homeowner association reports to the title industry. This is LERETA’s first venture into the title insurance industry. CEO John Walsh told The Title Report he was excited about the acquisition. Read on to learn more.
Sun Title Agency its new Grandville, Mich., office in a converted, 3,000-square-foot space. The converted space, which was formally a residential home, will accommodate as many as six employees. Read on for more details.
The First American Real Estate Sentiment Index for the second quarter of 2016 found positive title agent expectations for growth in purchase and refinance transactions across all property types in the year ahead. How do they feel about the impact of TRID on closings going forward? Read on for the details.
CATIC opened a new national commercial services office in Hartford. This office will assist title agents with their commercial deals throughout the U.S. Read on for more details.
Snapdocs, Inc. successfully completed the Service Organization Control (SOC) 2 Type 1 audit. Read on for details of what the certification means for the company.
Fidelity National Title Group announced a new executive vice president and division manager. In his new position, the 33-year veteran will oversee the company’s residential and commercial real estate services in 13 Midwestern states. Read on for the details.
OS National is licensed and doing business in a new state. It also announced plans to open a second office in the state within a few months. Read on to learn more.
Homebuyers in New York are overpaying for title insurance, according to a report from OneTitle National Guaranty Co. It says better information and more active shopping among buyers, attorneys and lenders could dramatically reduce costs across virtually every type and size of real estate transaction.
The chairman of Fidelity National Financial today is the owner of a pro sports franchise, after the National Hockey League officially granted Las Vegas an expansion team, with Bill Foley and Black Knights Sports & Entertainment, LLC, as its principal owner. The nickname he wants for the team should be familiar to the industry as well. Read on for the details.
Title Alliance appointed a corporate secretary. He will be responsible for implementing decisions of the Board of Directors; taking minutes at director’s meetings and maintaining corporate records. Keep reading to learn more.
Ernst Publishing Co. integrated First American Mortgage Solutions services into its closing cost search and fee management software. Lenders now have one-button access to First American Mortgage Solutions through Ernst’s software. Read on to learn more.
RamQuest, Inc., announced that its Closing Market digital network now is integrated with NextDeal’s preDOCS. NextDeal CEO Robert Reich said together, RamQuest and NextDeal are ensuring real estate closings comply with ALTA Best Practices and that consumer non-public personal information remains protected. Keep reading to learn more.
The housing recovery had been long delayed and has so far been relatively healthy, but irregular and more moderate than typical, according to Fitch Ratings. Challenges remain, including restrictive credit qualification standards and narrowing affordability. Read on for more of Fitch’s insights.
ePN added 26 county offices across the U.S. to its eRecording network. Whether a jurisdiction is small or largely populated, more counties are making the necessary accommodations to accept official record documents electronically. Read on to learn more.
Greater Illinois Title Co. recently has completed its Service Organization Controls SOC 2 examination under AT Section 101 and its AT 101 ALTA Best Practices Certification. The examination included the company’s controls. Read on to learn more.
AmTrust Title Insurance Co. added a commercial real estate title insurance veteran as chief New York State agency counsel. He has more than 19 years of experience. Read on to learn more.
While buying a home can be exciting, getting a loan could be onerous and confusing. In its recent whitepaper, “A New Home, A New Life: Improving the Borrower Experience,” Docutech lists four steps lenders and all parties to the transaction can take to improve the experience for the homebuyer. Read on to learn more.
In its recent whitepaper, “Collaboration in Today’s TRID Environment,” Simplifile said true collaboration between lenders and agents is crucial for meeting the new requirements under TRID. Using phone calls and emails creates an inefficient, inconsistent process that in some cases could violate the TRID requirements and increase risk. Keep reading to learn more.
First American Financial Corp. released its Potential Home Sales model for May. The model provides a gauge on whether existing-home sales are under or over their long-run potential level, based on current market fundamentals. Keep reading to learn more.
Colonial National Mortgage, a division of Colonial Savings, F.A., is opening a new retail mortgage branch in Little Rock, Ark. This is the first Arkansas location for the lender. Read on to learn more.
The title industry put together its best start to the year in nearly a decade, according to the latest data on title insurance premiums announced by the American Land Title Association. Read on to find out how well the industry is doing, and what might be in store for the rest of 2016.
Counsellors Title Agency, Inc. named a new title officer. According to the announcement he represents many decades of title expertise in which he has served in every capacity of title insurance industry. Keep reading to learn more.
RamQuest, Inc. announced its Closing Market digital network now is integrated with Data Trace. RamQuest customers can now request one-click ordering of Texas tax certificates from Data Trace. Read on to learn more.
The Title Report was back on the road to join the Texas Land Title Association at its Annual Conference and Business Meeting. Plenty of new people and old friends were on hand in Galveston for the event. Read on to learn more about the conference.
Bank of America recently released its latest newsletter to settlement agents, discussing many of the aspects that have remained an issue since the implementation of the TILA-RESPA Integrated Disclosures (TRID) rule, as well as its stance on vendor requirements for title companies. Read on for the details.
Wells Fargo hosted a national panel discussion on sustainable homeownership and access to credit at the National Press Club. The lender also shared the results of its third annual “How America Views Homeownership” survey prior to the discussion. Read on for more details.
A Texas-based national mortgage lender announced it would make its first entry into the Florida market, with industry veterans joining the company as branch manager and regional sales manager. Read on for all the details.
SoftPro announced its SoftPro 360 business exchange platform has added Notary Loop, Inc. as an integrated vendor. The integration allows SoftPro users direct access to Notary Loop’s network of notary signing services from within the SoftPro environment. Read on to learn more.
E-Closing, a provider of cloud-based title processing software, announced the expansion of its integration with Fidelity National Title Group to include closing protection letters. Vice President of Sales and Marketing Marc Hall said this solution will save agents time. Read on to learn more.
ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, announced a new vice president of sales, strategic relationships. He will be responsible for developing and maintaining technology-provider relationships. Keep reading to learn more.
Foundation Title Insurance Co. was assigned a financial stability rating June 9. Read on to learn more.
Continental Title is celebrating its 15th year in Kansas City’s title insurance industry. The announcement said at the foundation of all the agency is the knowledge that the work has an impact on families, and that its efforts can make the process of buying or selling a home smoother and less stressful. Read on to learn more.
ATPR has built a third party integration between SmartProp, its property search product and ResWare. ATPR noted the integration would assist a large number of agencies. Keep reading to learn more.
Title Alliance appointed Brendan Farrell as marketing specialist. He will be charged with helping each individual joint venture manager to assess their needs and to provide them with tools to market their services to the potential customers. Read on to learn more.
Fannie Mae’s Home Purchase Sentiment Index increased in May, reaching a new all-time survey high and rebounding from an 18-month low in March. Keep reading to learn more.
Since Chief Economist Mark Fleming joined First American in late 2014, the company has begun releasing several data indices. When asked why First American was releasing all this information, Fleming told The Title Report more knowledge leads to more power and understanding. Read on to learn more.
Recently, there has been a buzz around the industry about eMortgages. Are these eClosings? Does that refer to Rocket Mortgage? Street Resource Group President Stanley Street supplied some answers to The Title Report. He said they were gaining momentum before the Great Recession and gaining in popularity again. Read on to learn more.
Security Compliance Associates recently released a whitepaper titled, “Are you GLBA Compliant: An examination of GLBA and Certification Requirements.” It discussed the requirements under the Gramm-Leach-Bliley Act and ALTA Best Practices. Read on for details from the whitepaper.