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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.
Moody’s released its latest ratings for Old Republic International Corp. Read on to learn more about the underwriter’s performance.
ATTOM Data Solutions released its Q2 2016 U.S. Home Equity and Underwater Report, showing fewer seriously underwater properties than the previous quarter and the previous year. Read on to learn more.
First National Title Insurance Co. named an industry veteran as Florida state manager. CEO and President Chris Phillips said his experience and knowledge of the Florida market is an essential component of the company’s growth strategy. Read on to learn more.
Realogy Holdings Corp, parent company of the Title Resource Group, reported its financial results for the second quarter. TRG saw a 23 percent increase in purchases and 14 percent increase in refinance transactions. Read on to learn more.
The Colorado Division of Insurance has adopted a ban on marketing services agreements for title industry members, effective Aug. 15, and is believed to be the first state to institute an outright ban on the practice. Read on for the details.
Ellie Mae reported record results for the second quarter. Read on to learn more.
Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 3.3 points to 86.5 in July, reaching a new all-time survey high and indicating a more positive outlook in the housing market-specific HPSI components. Each of the six HPSI components increased in July. Read on to learn more.
After 37 years in the same location, Orange Coast Title announced its corporate headquarters is moving. The new space will be large enough for all of its centralized departments to share the same floor space. Read on to learn more.
IBERIABANK Corp., a financial holding company with 24 title insurance offices in Arkansas and Louisiana, released its second quarter earnings statement, showing title revenues rose substantially from the previous quarter. Read on for the details.
First American Title Insurance Co. announced that one of its own will be promoted to the role of president of First American Title’s Direct Division effective Jan. 1, 2017. Current Direct Division President Curt Caspersen will help with the transition through the end of 2016 and will remain with the company through April 2018 before retiring. Read on to learn more.
OS National, LLC, a nationwide provider of residential and commercial title and escrow services, named a new national sales executive. Keep reading to learn more.
Three counties are now electronically recording real estate documents through Corporation Service Co. (CSC). Keep reading to learn more.
North American Title Co. (NATC) acquired a Minnesota title company that operates in five locations, expanding NATC’s footprint to 13 branch offices throughout the state. Read on to learn more.
First National Title Insurance Co. reported first-half revenues up 58 percent year-over-year. Read on for more about the quarter, which exceeded the company’s expectations.
Adeptive announced ResWare now is integrated with NextDeal’s preDOCS product. Read on to learn more.
A new title centric consulting firm is offering title agents a unique service with the singular goal of increasing profits. President Howard Turk told The Title Report the business was born out of a desire to help small to mid-sized family owned businesses grow. Keep reading to learn more.
AmTrust Title Insurance Co. named a title industry professional with more than 20 years of real estate experience, vice president, New York State agency manager. She will report directly to Jason Gordon, president of AmTrust Title. Read on to learn more.
Giving the keynote address at October Research, LLC’s 2016 National Settlement Services Summit (NS3), Abraham Cox, BB&T Home Mortgage’s Executive Vice President, Retail Lending Manager, spoke about capitalizing on opportunities in the residential mortgage industry. Read on to see what he had to say.
Simplifile released quarterly figures summarizing the organization’s activities and achievements from April through June 2016. Read on to learn how it performed.
Williston Financial Group has promoted a professional from within to the position of chief marketing officer to spearhead its aggressive growth strategy. Read on to learn more.
TRID implementation continues to underscore the need to improve the flow of standardized data between title agents, lenders, investors and others. At the National Settlement Services Summit (NS3) in Charlotte, N.C., industry experts spoke to efforts to streamline electronic communications and steps that can be taken to avoid common technology roadblocks. Read on to hear more of what the presenters had to say.
Holler Law Firm, LLC, named a new chief operating officer. In this role, he will be responsible for all aspects of the firms operations. Read on to learn more.
In the five years since the Consumer Financial Protection Bureau opened its doors, the title industry has seen major shifts in the way it uses technology and the speed with which it has adopted it. Read on to see what Brady & Kosofsky’s Jamie Kosofsky, Winged Foot Title’s Chris Black and Real Estate Data Shield’s Chris Gulotta had to say about the shifts under the bureau’s authority.
Welcome to our latest Conversations with the C-Suite exclusive to The Title Report. In these features we talk to leaders of the industry about their business priorities, plans for the future and what title agents need to know to succeed. In this edition, Editor Tara Quinn spoke with First National Title Insurance Co. President Chris Phillips.
Thirteen months after a cherished 300-year-old red oak tree fell onto the Trinity Title building in Georgia, the staff has moved back home. Read on to learn how the agency recovered.
Black Knight Financial Services, Inc. announced U.S. Bank has signed an agreement to implement LoanSphere Exchange. Keep reading to learn more.
ShortTrack and RamQuest are making real estate transactions faster and more secure by creating a collaborative environment for professionals and their customers via ShortTrack’s mobile platform. Read on to learn more.
RynohLive appointed an executive vice president of sales and marketing. He said he is very excited to join the company. Read on to learn more.
The second quarter home sales report released by ATTOM Data Solutions shows the median home price at an all-time high, surpassing the previous levels seen in July 2015. Read on for details of the report.
Three more jurisdictions are eRecording with CSC. Read on to find out who.
Foundation Asset Management, LP, one of the shareholders of Stewart Information Services Corp., has filed a preliminary solicitation statement seeking to call a special meeting of Stewart’s shareholders. In the filing the shareholder says it wants to replace Vice Chairmen of the Board of Directors Malcom S. Morris and Stewart Morris Jr. with Ernest D. Smith and Roslyn B. Payne. Read on to learn more.
Fidelity National Financial, Inc. announced that FNF Group signed a definitive agreement to acquire a company with an end-to-end SaaS CRM, lead generation and lead management software platform. Read on to learn more.
Old Republic International Corp. reported moderately improved results for the first six months of 2016, according to its second quarter earnings statement. Keep reading to learn more.
Orange Coast Title Co. named a national sales and operations manager of the Builder Services Commercial Division. Read on to learn more.
The Attorneys Title Guaranty Fund, Inc. named a new vice president of title operations. Read on to learn more.
ATPR Inc. announced several functionality enhancements to its property search solution, SmartProp. Keep reading to learn more.
The calculation of title insurance on the new TILA-RESPA Integrated Disclosure forms will not change, according to proposed updates from the Consumer Financial Protection Bureau announced Friday morning. However, privacy concerns did make the cut. Read on for details of how the amendment will address privacy concerns and what other areas of the rule are being amended.
According to the Department of Homeland Security and the FBI active shooter incidents are on the rise in this country, including in businesses. DHS spoke to The Title Report about how small and medium-sized businesses can prevent and be prepared for these occurrences. Keep reading to learn more.
In an effort to increase awareness of the state’s title insurance industry, the New York State Land Title Association (NYSLTA) launched NYTitleInsuranceGuide.com. Executive Director Bob Treuber told The Title Report this is the first online directory for title insurance in New York stat
e. Keep reading to learn more.
OneTitle National Guaranty Co., Inc. has entered into a new agreement with a global reinsurer. CEO Daniel Price told The Title Report that this partnership gives the underwriter the capacity to undertake much larger transactions and provide a dramatically increased level of security to its clients. Read on to learn more.
Ellie Mae enhanced its integration with First American Title Insurance Co. to enable rate and fee quoting, title and settlement ordering and collaboration on Closing Disclosure forms directly from Ellie Mae’s Encompass, all-in-one mortgage management solution. Read on to learn more.
A new milestone has been reached in the number of recording jurisdictions electronically recording documents. As of June 30, 2016, more than 76 percent of the population in the United States resides in a recording jurisdiction offering electronic recording of documents. Keep reading to learn more.
Chronos Solutions named a new chief information officer. The longtime Texas resident will work in the company’s Coppell, Texas, headquarters and serve on its executive committee. Read on to learn more.
First American and Fidelity have noticed an uptick in refinance volumes and are showing interest in merger and acquisitions, according to the transcripts of their earnings report conference calls. Keep reading to learn more.
Now that the convention season is upon us, Democrats and Republicans have released their party platforms. Read on to learn their thoughts on housing.
New York Attorney General Eric T. Schneiderman announced a new grant initiative to address the growing statewide problem of so-called “zombie homes” – vacant and abandoned homes not maintained during a prolonged foreclosure proceeding. Read on to learn more.
The American Land Title Association (ALTA)’s recently released changes to its Title and Settlement Company Best Practices and maturity model’s public comment period will come to close on Friday. Read on to learn more.
WFG National Title Insurance Co. added an agency sales representative in Louisiana. She is charged with growing the agent base throughout the state as well as supporting existing clients. Read on to learn more.
June 2016 marked the fastest, most competitive housing market since 2009, according to Redfin. This year’s speed and competition have been driven by an intensifying mismatch between supply of homes and demand for homes. Read on to learn more.
Ten-X released its Top Single-Family Housing Markets Report for Summer 2016, which ranks the nation's 50 largest housing markets according to current and forecasted housing fundamentals. Each demonstrates consistently strong demand, home price appreciation and economic and demographic growth. Keep reading to learn more.
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.
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.
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.