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Oct. 1 marks the start of the 13th annual National Cyber Security Awareness Month. Keep reading to learn more.
ePN has partnered with Closers’ Choice to enhance the eRecording process for closing agents. Read on to learn more.
Sales of new single-family houses in August 2016 were at a seasonally adjusted annual rate of 609,000, according to estimates released jointly today by the HUD and the U.S. Census Bureau. Read on to learn more.
Southern Title opened a new branch office location in Palm Coast, Fla. Read on to learn more.
Brady & Kosofsky, PA successfully completed its annual SOC 2 examination. This year’s audit included a specific focus on its vendor management program. Read on to learn more.
Equifax Inc. announced the information it provides lenders on traditional credit reports has been updated. Keep reading to learn more.
ALTA’s Board of Governors on Sept. 19 approved final revisions to the association’s Title Insurance and Settlement Company Best Practices and the Best Practices Assessment Procedures. Read on to learn more.
Heading into the first presidential debate, a new survey sponsored by LifeLock, Inc said most Americans feel the presidential candidates are not paying enough attention to cybersecurity. Read on to learn more.
First American Financial Corp. released First American’s proprietary Potential Home Sales model for the month of August 2016. The model showed market potential continuing to improve. Read on to learn more.
Economic growth is poised to accelerate to 2.6 percent in the second half of the year, a rebound from the lackluster growth of 1 percent in the first half of 2016, according to Fannie Mae’s Economic & Strategic Research (ESR) Group's September 2016 Economic and Housing Outlook. Read on to learn more.
Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of Realtors. Read on to learn more.
As TRID’s one-year anniversary approaches, Wells Fargo addressed procedures, a few changes and expectations in its quarter settlement agent newsletter. The headline is that Wells now will require a copy of the seller CD be provided to the Wells Fargo closer along with other “prior to disbursement” documents specified in the closing instructions. The newsletter follows in its entirety.
North American Title Insurance Co. has appointed an agency relationship manager for Florida. Based in Tampa, he will be working closely with NATIC State Agency Manager Geoff Harris to further permeate the Florida market. Read on to learn more about this announcement and other news from the underwriter and title group.
The American Land Title Association (ALTA) reported title insurance premium volume increased 3.9 percent during the second quarter of 2016 when compared to the same period a year ago. Read on to learn more.
A state-of-the-art software integration between PropLogix and Closers’ Choice allows mutual clients to order PropLogix products directly from Closers’ Link Services Gateway. Read on to learn more.
Cornerstone Management Solutions has partnered with LodeStar Software Solutions to provide its Closing Cost Calculator directly from its flagship product, SnapClose Pro. Keep reading to learn more.
The percentage of millennial conventional loans increased slightly from 61 percent in June to 62 percent of total closed loans in July, according to the latest Ellie Mae Millennial Tracker. Read on to learn more.
The Data & Analytics division of Black Knight Financial Services, Inc. introduced Tax for Loan Estimation.
The solution is said to help lenders and real estate professionals quickly and accurately estimate information during the residential real estate loan application process.
Read on to learn more about its new tool.
WFG National Title Insurance Co. added to its agency underwriting team in Massachusetts and the New England states. Keep reading to learn more.
CoreLogic released a new analysis showing 548,000 U.S. homeowners regained equity in the second quarter of 2016 compared with the first. Read on to learn more.
The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for August 2016 shows mortgage applications for new-home purchases increased by 5 percent relative to the previous month. Read on to learn more.
The first day at the Association for Title Information Management (ATIM) Conference has generated a lot of discussion.
Among the initial conversations were topics of blockchain technology and the continued use of title plants.
The Title Report has updates from Santa Fe, N.M., and will provide full coverage in the coming weeks. Read on for details of what’s taking place at the show.
Majesty Title Services announced it opened a new office in Florida. Read on for more details of the St. Pete Beach location and staff.
CoreLogic released its July 2016 National Foreclosure Report, showing foreclosure inventory and completed foreclosures declined. Read on to learn more.
One of the strongest legislative voices watching over the implementation of the TILA-RESPA Integrated Disclosure rule, and in particular how it has affected the title industry, has been Rep. French Hill (R-Ark.). After returning from the summer congressional break, Rep. Hill talked with The Title Report about the Consumer Financial Protection Bureau’s (CFPB) re-proposal process and what he’d like to see going forward. Read on for the details.
The GSEs, Fannie Mae and Freddie Mac are working together to improve the lending industry’s ability to originate and deliver eMortgages and eClosings. A recent report, “eMortgages: Joint GSE eMortgage Outreach Survey Findings on the State of Industry Adoption,” asked 130 industry stakeholders, including lenders, technology solution providers, warehouse banks, servicers and title and settlement providers about their perceived obstacles/barriers to broader industry adoption of eMortgages. Read on to learn more.
ATTOM Data Solutions released its Q2 2016 U.S. Home Flipping Report showing a total of 51,434 U.S. single-family home and condo sales were completed flips in the second quarter of 2016. Read on to learn more.
NRT LLC, a subsidiary of Realogy Holdings Corp., created two new executive roles to enhance its growth strategy while optimizing the efficiency of NRT’s operations, according to the announcement. Read on to learn more.
Lofty home-price growth and tight supply are leading to softening confidence among renters about whether it’s a good time to buy a home, according to the latest installment of the National Association of Realtors Housing Opportunities and Market Experience (HOME) survey. Keep reading to learn more.
New York Gov. Andrew M. Cuomo announced a new proposed regulation to protect New York from the ever-growing threat of cyberattacks. Keep reading to learn more.
Experian, a global information services company, released a whitepaper highlighting the latest U.S. lending trends related specifically to home equity lines of credit (HELOCs). Based on this latest study, a rebound is underway affecting consumers and lenders positively, with consumers making payments on time and being responsible with their financial debts. Read on to learn more.
Optimism of small businesses in America is either declining because of uncertainty or gearing up for growth by investing financially in their business, depending on which source is asked. Read on to learn more.
CoreLogic named a senior vice president of government and industry relations. Read on to learn more.
TitleVest’s digital library of cooperative and condominium offering plans and amendments has expanded and underwent a technology upgrade. Read on to learn more.
Southern Title, an independent title agency in Volusia County, Fla., has four newly licensed title agents on its team. Read on to learn more.
Imposter fraud is an imminent threat for many companies, according to Wells Fargo. These incidents along with paper breaches were leading vulnerabilities for companies stated in the insurance broker’s August 2016 whitepaper, “2016 Network Security and Data Privacy Study: Are you prepared for a breach?” Keep reading to learn more.
The Urban Institute, a nonprofit institution dedicated to social and economic policy, released a study showing while single female homebuyers pay more in interest than men, they are better at paying their mortgages. Keep reading to learn more.
First Title is announced it has now successfully completed its SOC 2 Type II audit as well certifying the proper management of the security of its IT systems, its ongoing availability and the privacy measures taken to protect clients’ NPI stored digitally. Read on to learn more.
OneTitle National Guaranty Co. added a real estate industry expert to serve as executive vice president and head of sales. Read on for the details.
Ellie Mae has enhanced its integration with RamQuest. It will enable rate and fee quoting, title and settlement ordering and collaborating on Closing Disclosure forms directly from Encompass. Read on to learn more.
One of the largest Stewart stockholders, Foundation Asset Management, LP, is seeking support of 25 percent of the company’s stockholders, to call a special meeting in order to remove Vice Chairmen of the Board Malcom S. Morris and Stewart Morris Jr. from the board of directors.
If passed, future directors would be elected solely by stockholders.
Read on to learn more about this proposal.
In a new report, Black Knight looked at first-lien mortgage originations through Q2 2016. As Black Knight Data & Analytics Executive Vice President Ben Graboske explained, the data showed significant growth in origination volume; however, refinance volume was not as strong as the current low interest rate environment might suggest. Read on to learn more.
Title Resource Group LLC acquired a title company headquartered in Boise, Idaho. Read on to learn more.
Stewart Title Commercial Services’ in Texas named a sales director. He is responsible for growing Stewart’s commercial title market share. Read on to learn more.
ATPR Inc. has rolled out several functionality enhancements to its Two-Owner Search and Full Search products as part of its SmartProp range of property reports. Read on to learn more.
The Fannie Mae Home Purchase Sentiment Index (HPSI) fell in August but continued its gradual climb upward from the same period last year. Read on to learn more.
In keeping with its mission to have a more financially aware public, the Consumer Financial Protection Bureau (CFPB) unveiled new resources for financial educators. CFPB Director Richard Cordray said the first line of defense for consumers to protect themselves is the ability to make informed and responsible decisions. Keep reading to learn more.
The Consumer Financial Protection Bureau (CFPB) fined Wells Fargo Bank, N.A. $100 million for the widespread illegal practice of secretly opening unauthorized deposit and credit card accounts. Read on to learn more.
Marketing to and educating homebuyers directly is a growing trend in the industry. McDonnell and Associates, P.A. Managing Attorney Christie McDonnell told The Title Report she enjoys working with first-time homebuyers and wanted to help them be more prepared for the homebuying process. Keep reading to learn more.
Reports from the 12 Federal Reserve Districts suggest that national economic activity continued to expand at a modest pace on balance from July through late August. The Title Report gathered the information regarding banking, finance, real estate and construction. Read on to learn more.
LodeStar Software Solutions, a provider of mortgage fee data, announced its Loan Estimate Calculator now is available through Ellie Mae’s Encompass. Keep reading to learn more.
RamQuest, Inc. named a business development manager and, in this role, will be responsible for facilitating new, long-term customer relationships in the Mid-Atlantic and Northeast. Read on to learn more.
The National Technology Security Coalition (NTSC) announced Selim Aissi, chief security officer for Ellie Mae, was appointed to serve on the NTSC Board of Directors as a founding board member. Read on to learn more.
Chief Economist Mark Fleming said refinance activity, fueled by historically low mortgage rates, and improved loan manufacturing processes are producing the lowest level of loan defects and misrepresentation in recent history in his latest Loan Application Defect Index. Read on to learn more.
Ten-X has released its latest Ten-X Residential Real Estate Nowcast, which projects existing home sales will stabilize in August. Read on to learn more.
Simplifile added five county offices to its eRecording network. Keep reading to learn more.
SoftPro released its new Patriot Search product, allowing SoftPro users to comply with the USA Patriot Act. Read on to learn more.
According to findings from the U.S. Census Bureau’s inaugural Annual Survey of Entrepreneurs, 8.9 percent of U.S. firms with paid employees had been in business for less than two years in 2014. The survey is designed to provide a timely, more frequent socio-economic portrait of the nation’s employer businesses by gender, ethnicity, race and veteran status. Keep reading to learn more.
First American Financial Corp., a global provider of title insurance, settlement services and risk solutions for real estate transactions, signed an agreement to acquire RedVision Systems, Inc., an independent national provider of title and real property research.
RedVision is recognized throughout the industry for its proprietary technology, which includes its production platform, TitleVision and Nova, which offers a customizable and scalable solution for title research and production.
“We’re excited to soon welcome RedVision to the First American family of companies. RedVision’s data, technology and services complement First American’s existing title search and title evidence production and will further expand First American’s industry-leading position in title and property data,” said George Livermore, executive vice president of First American’s Data and Mortgage Solutions division, which will include RedVision, in a press release announcing the acquisition.
Baird & Warner has signed a lease for a new Chicago office in the Transportation Building at 620 S. Dearborn St. It will be focused on providing brokerage, mortgage and title services primarily to the South Loop and its surrounding neighborhoods. Read on to learn more.
CU Companies continues to diversify its product offerings with the launch of a new commercial closing service available nationwide.
CU Commercial Title Services will provide commercial title services, construction disbursing and escrow services to brokerage groups, lending institutions, attorneys, businesses and individuals.
Melissa K. Page Boeshans joins the CU Companies team as the president of CU Commercial Title Services. She comes with an extensive background in commercial closing and a strong devotion toward building and maintaining customer relationships.
RADAR, a provider of incident response management software to the property/casualty and title insurance, financial services, healthcare, and other organizations that manage regulated data, is now an independent company. Read on to learn more.
Orange Coast Title Co. and its Family of Companies, announced it has completed its SSAE 16 audit with no exceptions for the third consecutive time. Keep reading to learn more.
Indecomm Global Services announced that its eRecording services are being utilized in more than 900 counties nationwide. Read on to learn more.
eRecording Partners Network (ePN) partnered with Landtech Data Corp. (Landtech) to improve the recording process for closing agents. Read on to learn more.
Slowed by low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors. Only the West region saw a monthly increase in closings in July. Read on to learn more.
Ellie Mae announced a new integration with Qualia, a cloud-based settlement software. Read on to learn more.
Foundation Title has partnered with Updater, an automated and guided web application simplifying the moving process, to provide their clients with a seamless moving experience. Keep reading to learn more.
Attorneys’ Title Guaranty Fund, Inc. is expanding its operations in Illinois. Keep reading to learn more.
Stewart Title Agency Services appointed David Baghdady as Connecticut Agency Services manager and underwriting counsel.
Moody's Investors Service has placed the debt ratings of Old Republic International Corp. on review for upgrade. The rating action reflects ORI’s progress in managing its runoff mortgage insurance operations and our expectation of continuing steady declines in these long-term liabilities. Read on for the latest details.
After Mid America completed its first full eClosing in July, owner and CEO Jeff Bode said he intends to expand eClosings to all its retail businesses, executing eNotes and utilizing electronic documents where allowed by local jurisdiction. Keep reading to learn more.
Infinity Abstract & Title, a Tampa-based, attorney-owned title company, added a new app to its list of customer services and resources. The app provides services for Realtors, buyers and sellers. Keep reading to learn more.
The Credit Union League of Connecticut and CATIC have announced a new partnership, providing professional title services to Connecticut’s credit unions and their policy-issuing attorneys. Read on to learn more.
ClosingCorp named a new vice president, national account representative. Read on to learn more.
Simplifile has added nine county recording offices in the Southeast and 14 in the Midwest to its eRecording network. Read on to learn more.
The Department of Housing and Urban Development and the U.S. Census Bureau released the number of sales of new single-family houses in July 2016. Read on to learn more.
Demotech, Inc. has affirmed the Financial Stability Ratings (FSRs) assigned to title underwriters based on its review of second quarter 2016 statutory financial information. Based upon a review of these key metrics and rating indicators, title underwriters collectively improved their overall financial stability through second quarter 2016.
TI Services, LLC recently changed MyTitleIns.com to CompareTitleCompanies.com, a mobile-friendly website designed to increase awareness of local title companies. Consumers, lenders and real estate brokers are able to input transactional information and receive a list of local title companies in Colorado and their costs. Read on to learn more.
Florida Agency Network (FAN) is joining forces with SETCO Services, LLC headquartered in Destin, Fla. FAN CEO Aaron Davis told The Title Report this latest venture marks a new initiative by the title insurance agencies.
First American Financial Corp. released First American’s Potential Home Sales model for the month of July 2016. Chief Economist Mark Fleming said low real house prices, increases in jobs, rising wages, low mortgage rates and greater credit availability are fueling consumer optimism about the housing market. Read on to learn more.
North American Title Co. named a new president of the Texas region. He will oversee operations for the more than 20 NATC branches throughout Texas. Read on to learn more.
The delinquency rate for mortgage loans decreased to the lowest level since the second quarter of 2006, according the Mortgage Bankers Association. Read on to learn more.
Refinances increased to 37 percent of all closed loans in July, up from 34 percent in June, according to the latest Origination Insight Report released by Ellie Mae. Read on to learn more.
An essential tool for title insurance agents has been the electronic title plant. There are many companies and sources that have property information, but the electronic title plant has provided searchable, indexed and secure information for property research. The Title Report spoke with two of the large title plant providers about the industry and the future. Keep reading to learn more.
CSC has added four jurisdictions to its eRecording network. Read on to learn more.
As disaster season peaks, a new national consumer survey commissioned by Trusted Choice and the Independent Insurance Agents & Brokers of America looked into whether homeowners had adequate insurance coverage for potential disasters. Read on to learn more.
First American’s new sales and marketing representative will focus on customer service to attorney and lenders partners in western New York. Read on to learn more.
Snapdocs is rolling out Snapdocs Enterprise to address the specialized needs of high-volume, national title companies. CEO Aaron King told The Title Report the new technology is designed to help title companies manage multiple orders, find quality notaries and keep consumers in the loop through an electronic, drag-and-drop document delivery. Read on to learn more.
In its second whitepaper this summer, Simplifile said the adoption of new technology requires buy-in from the human element to be effective. The authors of “New technology requires new behaviors” said to make the most of the capital investment in technology, organizations should see technology adoption as a change management process. Read on to learn more.
By now, the title industry knows risk management is a necessary business practice, but how many have actually minimized the risk of claims, defalcations and financial loss? According to HA&W’s inaugural Title Industry Risk Management Survey, one in two agents do not have robust or mature risk management oversight.
Starboard Value LP, a New York-based investment advisor, is now the largest shareholder of Stewart Information Services with its purchase of 9.9 percent stake. Read on to learn more.
A new report from Fitch Ratings says the title insurance industry remains well-capitalized, and that operational restructuring since the economic downturn has put the industry in position to withstand whatever the next downturn might be. Director Gerry Glombicki talked with The Title Report about how the industry has positioned itself to avoid future pitfalls. Read on for the details.
Investors Title Co. reported record earnings for the second quarter. For the six months that ended June 30, 2016, net income increased 8.5 percent. Keep reading to learn more.
Professional Title Agency in Florida added four new employees to its staff. Read on for the details.
ePN added 23 jurisdictions to its eRecording network in Colorado, Connecticut, Georgia, Illinois, Michigan, Missouri, North Carolina, Wisconsin and Ohio. Read on to learn more.
Working hand in hand with the Colorado Division of Insurance, some title industry representatives helped push for a full ban on marketing services agreements (MSAs) for the title industry, local sources tell The Title Report. Read on for details of the ban, what companies who were in MSAs have to do next, and what Colorado agents have to say about the future.
Agents National Title Insurance Co. (ANTIC) now is licensed to issue title insurance in its 14th state. Read on to learn more.
The numbers show refinances have increased this summer. The Title Report asked Majesty Title’s Vince Cassidy and TitleSmart’s Cindy Koebele how business is going this summer and what they see trending. Read on to learn more.
CoreLogic released its June 2016 National Foreclosure Report, which shows the foreclosure inventory declined by 25.9 percent and completed foreclosures declined by 4.9 percent compared with June 2015. Keep reading to learn more.