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WFG National Title has added two agency sales consultants responsible for growing the company’s footprint in Virginia, Maryland, Delaware and Washington D.C. Senior Vice President, Agency, Southeast Region Thomas Klein said they know the region well and will be trusted advisors to clients. Keep reading to learn more.
Ellie Mae announced two promotions from within to the position of executive vice president. President and CEO Jonathan Corr said the promotion of these two key members of the leadership team allow them both to become officers of the company. Read on to learn more.
Coos County, Ore. and Lander County, Nev. have joined the ranks of eRecording jurisdictions. Lander County Recorder Leslie Bunch said the goal was to become an office that is forward thinking. Read on to learn more.
Most people in the title insurance industry have heard the sordid, high-profile tale of a title company that was caught tossing documents containing sensitive consumer information into an unsecured dumpster. The decade-old case still haunts the industry today, even as federal regulators have enacted stricter privacy rules and lenders have established minimum data handling standards for all of their third-party service providers. But are you compliant with all of these regulations? Do you meet your lender’s expectations? Read on to find out.
First American Chief Economist Mark Fleming told The Title Report that sluggish housing data to start 2015 is underperforming market fundamentals. He believes housing data soon should improve. Read on to find out what has Fleming optimistic.
The Consumer Financial Protection Bureau is hosting an eClosing pilot program. Amy Moser, Mountain America Credit Union Vice President of Mortgage Services, and Noerena Limon, CFPB Policy Analyst and Project Lead, spoke with The Title Report about not only the pilot program but the eClosing experience. Read on to learn more.
A holding company based in Colorado has expanded its presence in that state. It also added a branch in Wyoming. Read on for details of the acquisitions.
Minnesota added two new counties to eRecording with one service. They push the total number of eRecording counties in the state with the service to 69. Read on for the details.
The Mortgage Bankers Association released its annual ranking of commercial/multifamily mortgage firms by origination volume. The study lists 127 originators. Read on to find out who topped the list in 2014.
As regulations have increased around the title industry, the attention paid to compliance and implementation has grown as well. In the second of our two-part story, we look at how the compliance work can benefit companies as Aug. 1, 2015, approaches. Read on for the details.
Proactive title agents are preparing today for eClosings. One title group in Utah said the prep work for its first eClosing transaction was more involved than with paper closings, but was worth the effort. Read on for the details.
A recent study by the National Association of Realtors looked into demographics of recent homebuyers in 2014. The age group which bought the largest share of homes in 2014 might come as a surprise. Read on to find out who has been buying.
As the final day of the ALTA Business Strategies Conference wrapped up, there was still time to talk about TRID. The last general session featured a discussion, with other info exchanged as well. Read on for the details.
As regulations have increased around the title industry, the attention paid to compliance and implementation has grown as well. In the first of our two-part story, we look at the focus placed on compliance within a business.
First Republic Title is expanding. The agency has extended service in two new areas of Texas. Read on to find out where the business is headed.
Adeptive announced a new integration to its ResWare platform. The move brings an on-shore vendor into the ResWare system. Read on to find out the details.
The latest Origination Insight Report from Ellie Mae tracked the share of refinances in lenders’ loan volume for February. It showed an interesting change from January. Read on to find out what the Ellie Mae report revealed.
Housing data to start 2015 has been sluggish. National Association of Home Builders Chief Economist David Crowe said this week, though, that he believes the early data is a blip for the industry going forward. Read on to see what he forecasts for the industry.
Hello from the annual ALTA Business Strategies Conference. It was wonderful to catch up with old friends and meet new ones. Here's what was happening Thursday.
In a new letter to settlement agents, Bank of America responds to questions from settlement agents that it has received since announcing in December that it would prepare and deliver the Closing Disclosure itself beginning Aug. 1. Read on to find out what Bank of America is saying to the industry on its TRID plans.
North American Title Co. recently added a new office in northeast Indiana. Read on for the details of the expansion.
Ernst Publishing Co. has released its Cost2Close Monitoring Service, a tool that ensures that Ernst third-party vendor fees quoted up front have the best chance to match fees disclosed to the borrower three days before closing. Read on for details of the product.
Stewart Title Commercial Services has added a senior officer to its Los Angeles office. Read on to find out who.
The Mortgage Bankers Association said its Builder Application Survey data for February found that mortgage applications for new-home purchases rose percent from January. Read on to find how much it grew.
According to CoreLogic’s analysis borrower equity increased year-over-year by $656 billion in 2014. Keep reading to learn more.
Real estate investors continue to favor flipping, according to latest Auction.com’s Real Estate Investor Activity Report. Keep reading to learn more.
Ryan Anderson, founding partner of Anderson|Biro told The Title Report he sees an experience gap between those in control and those coming up in the industry. Keep reading to learn more about what this industry recruiter had to say.
SoftPro announced that it has its first customer on software that is compliant with the new TILA-RESPA Integrated Disclosure Rule. Read on to find out who it is and the details.
SoftPro introduces a closing disclosure form solution
New York Community Bank and NYCB Mortgage Company, LLC, recently announced that it would, like other major lenders, provide and deliver the Loan Estimate and Closing Disclosure to applicants once the TILA-RESPA Integrated Disclosure Rule (TRID) takes effect Aug. 1.
In Wells Fargo’s latest quarterly newsletter to settlement agents who close loans with the lender, Wells announces the technology partner with whom agents will be connecting to, as well as answering more questions regarding the company’s plans for the TILA-RESPA Integrated Disclosure Rule implementation Aug. 1. Read on for the details.
BeesPath launched ClosingBridge, a new system that uses electronic file delivery and communication tools to help lenders and settlement agents work together on the preparation and delivery of the TILA-RESPA Integrated Disclosures. Keep reading to learn more about this new tool.
American Tax & Property Reporting, Inc. (ATPR), a provider of technology focused solutions for the real estate and settlement services industry, appointed Corey Hulbert to lead the sales effort for SmartProp.
MBA released a new TILA RESPA Integrated Disclosure Resource Guide designed to assist lenders in complying with the TRID rule by Aug. 1, 2015. Read on to learn more.
With majorities in the House and Senate for the first time since the creation of the Consumer Financial Protection Bureau (CFPB), House members are taking the chance to introduce legislation to alter the bureau. The bills include changing the structure of the bureau itself as well as altering the reach of its oversight and regulations.
NTC independently was audited and completed the SSAE 16 examination of its mortgage processing services. Keep reading to learn more.
MISMO released version 3.3.1 of the MISMO Residential Reference Model in Candidate Recommendation status and for a 30-day intellectual property rights (IPR) review. Read on to learn more.
First American Title Insurance Co., a provider of title insurance and settlement services and the largest subsidiary of First American Financial Corp., acquired TitleVest Holdings Group, LLC. TitleVest is a New York City-based title agency offering a full range of title insurance and related services for real property purchase and refinance transactions.
First American CEO pleased with fourth quarter
National Standard Abstract LLC officially is open for business. The full-service title insurance agency has extensive experience in intricate commercial and residential real estate transactions.
The company’s team of professionals has more than a century of combined experience in the title insurance business working on multistate, market rate and affordable housing transactions.
SoftPro announced its Select Edition Solution for the Closing Disclosure Form is ready to ship. Read to learn more.
LodeStar Software Solutions announced the release of their Title Sales Manager platform. Read on to learn more about this new product.
Stewart Title Commercial Services appointed a new senior business development officer who will have a strong focus on the renewable energy sector. Read on to learn more.
As the independent news source for the industries on all sides of the real estate process, we often are asked about important issues affecting the landscape. The TILA-RESPA Integrated Disclosure rule has obviously been on everyone’s thoughts, and the closer we get to the deadline, the more questions we’ve received. Will we be ready? Are the systems in place? Will the CFPB give us more time after Aug. 1? Read on to see how ready the industry believes it is for TRID today.
Union Bank is preparing for the Consumer Financial Protection Bureau’s (CFPB) Integrated Mortgage Disclosures rule effective Aug. 1, 2015.
Chase to deliver Closing Disclosure
Atlantis National Services, Inc., has obtained policies to insure their cyber security liabilities through Lloyds of London, becoming one of the first national agents in New York state to offer such protection to its clients. Keep reading to learn more.
Going to the next level of compliance with SSAE, SOC Part I
Foreclosure inventory declined 33.2 percent and completed foreclosures declined 22.5 percent from January 2014 according to CoreLogic’s January 2015, National Foreclosure Report. Keep reading to learn more.
Loan growth at federally insured credit unions in 2014 climbed to the highest level since 2005, according to the National Credit Union Administration.
Chicago’s Premier Title is celebrating its 20th anniversary. CEO Leanne Klein spoke with The Title Report about the company’s success.
The industry has been talking about the future of eClosings for years, according to Quadras Corp. President Will McLain, moderator of October Research, LLC’s recent webinar “Laying the Foundation for eClosings.”
Laying the Foundation for eClosings Webinar Recording
Testifying before Congress, Consumer Financial Protection Bureau Director Richard Cordray was asked whether the bureau would consider a restrained enforcement period for implementation of the new TILA-RESPA mortgage disclosure rule. Read on to find out what Cordray had to say.
JPMorgan Chase announced it will generate and deliver the Closing Disclosure to its customers.
A 10-year employee at Nationwide Title Clearing was promoted to chief information officer. The company also has completed a SSAE 16 (SOC 1) Type 2 Audit. Keep reading to learn more.
Myron Finley of NTC talks about company milestone
The Board of Governors of the Federal Reserve System released its March “Summary of Commentary on Current Economic Conditions by Federal Reserve District,” more commonly known as the Beige Book. Reports from the 12 Districts showed economic activity continued to expand across most regions and sectors from early January through mid-February.
Westcor Land Title Insurance Co. named a new vice president, New York agency manager, who will be responsible for the overall support of the preparations continue to grow the company’s presence.
According the CoreLogic Home Price Index home prices rose year-over-year in January 2015. National home prices are projected to increase by January 2016 as well. Keep reading to learn how much the prices are moving.
3W Partners, LLC, founded in 2012, is a highly specialized consulting and professional services firm, dedicated to all things vendor management. Its founder, Scott Roller, recently published a whitepaper titled, “Achieving Balance: Vendor Oversight and the Cost of Compliance.”
Fitch Ratings has published its Dashboard Report for the U.S. Title Insurance sector, rating the industry stable. Keep reading to learn whether it anticipates rating changes for title insurers in the next year.
Nexgen Compliance Solutions has been rebranded. Keep reading to learn more about its plans.
ClosingCorp has released Lumen Risk Management Suite. CEO Brian Benson said it will ensure that lenders are providing accurate information to meet regulatory needs and will drive workflow efficiencies. Keep reading to learn more.
Stewart Information Services Corp. confirmed that Bulldog Investors, LLC submitted a notice of nomination for five directors to stand for election to the Stewart Board of Directors at the company’s 2015 Annual Meeting of Stockholders.
Stewart reports solid title operation performance
Accurate Group launched its new EquityClear solution to help lenders accelerate real estate title decisions, improve the borrower experience and reduce risk. Keep reading to learn more about this new tool.
Daren Blomquist spoke with The Title Report about institutional investors following the release of RealtyTrac’s Q4 and Year-End 2014 U.S. Institutional Investor & Cash Sales Report. Keep reading to see what he had to say.
Title Alliance added more industry professionals to its team in its Maine location. Keep reading to learn more.
Crown Title Services to open new Maryland location
With Bristol South now offering eRecording, Massachusetts has become the sixth state to offer eRecording in all of its counties statewide with Simplifile.
Stewart Title Commercial Services appointed Sophie Stein as senior underwriting counsel based out of Boston.
Stewart Title aligns Dallas-Fort Worth commercial services
Intravest Title continued its growth by opening a sixth office in The Scottsdale Area Association of Realtors’ new building. Keep reading to learn more about its rapid expansion.
Intravest enjoys aggressive growth in Arizona since start in March
After four years of planning and designing and a 12-month review by the U.S. Patent Office, his Timeshare Pro Plus software received U.S. Patent No. 8,949,151 and all the protection that comes with it.
A patent is basically a limited monopoly, where the patent owner is granted the exclusive right to make, use, or sell a patented invention for a period time, according to patent attorney Steve Rost of Taft Stettinius & Hollister LLP.
HOA Lien Pro, a new solution launched by Black Knight Data and Analytics, helps protect mortgage servicers and investors from significant losses that could result from “super liens.” Read on to learn more.
Black Knight introduces new commercial data offering
The Real Estate Roundtable’s latest quarterly Sentiment Index showed participants expressing concern about international concerns, homeland security and interest rate hikes, despite a strengthening in commercial real estate markets. Keep reading to learn more.
As WFG National Title Insurance Co. seeks to grow its National Transportation Division, it has named a new vice president to lead the operation.
RynohLive announced it has protected more than 2 million closings with its patented escrow and financial management system.
RynohLive offers six steps to escrow security
Nationwide Title Clearing, Inc. (NTC) hired Gina Morales, APR, to serve as the vice president of marketing for the post-closing services provider.
Myron Finley of NTC talks about company milestone
Madison County adopted eRecording for land records, while Oswego County began eRecording documents and land records.
Mortgage rates are at their lowest level since July 2013, according to Ellie Mae’s Origination Insight Report, resulting in a jump in refinance transactions. Keep reading to learn more.
Ellie Mae posts ‘tremendous finish’ to 2014
Title365 Co., a wholly owned subsidiary of Solutionstar, appointed Aaron Fain to vice president, mid-markets originations division manager, effective immediately.
Solutionstar announces closing of Title365 acquisition
Agents National Title Insurance Co. is beginning operations in Ohio and actively is pursuing agency relationships in the state. President and CEO David Townsend spoke with The Title Report about this new venture.
Agents National announce two underwriting personnel moves
Greater Illinois Title President Gregory Kosin spoke to The Title Report about the company’s new office in Sarasota, Fla. He said the demographics and the economy are the keys to a stronger housing industry and he is seeing positive signs in Florida. Keep reading to learn more.
Greater Illinois Title adds Greater Indiana Title
Loretta Salzano, founding partner at Franzḗn and Salzano, PC and Cynthia McGovern, founder of Orange Leaf Consulting recently hosted a webinar to educate title agents on how to expand their business in a compliant way. Read on to see highlights from their presentation.
Fidelity National Financial (FNF), a provider of title insurance, technology and transaction services to the real estate and mortgage industries, reported the operating results of its core segment for the fourth quarter and 2014.
FNF reported a total revenue of approximately $1.7 billion in the fourth quarter versus $1.4 billion in the fourth quarter of 2013.
Fidelity National Financial acquires BPG Holdings LLC
Knight Barry Title Group acquired The Title Co., Inc., making Knight Barry one of the largest title agencies in the Midwest. Read on to learn more.
Acquisitions boom as companies look to expand
Westcor Land Title Insurance Co. named Geoffrey Ginn senior vice president, agency business marketing director.
Westcor grows, adds reinsurance
New York Attorney General Eric Schneiderman announced that in the next two weeks he will resubmit to the Legislature an expanded version of a bill he proposed last year to address the growing statewide problem of so-called “zombie properties” – vacant and abandoned homes that are not maintained during a prolonged foreclosure proceeding.
One in four foreclosures are zombies, RealtyTrac says
ClosingCorp named a new senior vice president of program development to support innovation through existing offerings and to bring new solutions to market. Read on to learn more.
ClosingCorp taps industry veteran as vice president of strategic operations
Adeptive announced the integration with Fidelity National Title Group’s agentTRAX application for issuance of policy jackets with ResWare. Keep reading to learn more.
Fidelity National Financial acquires BPG Holdings LLC
Experts who valuate a business for sale put a price tag on the deal itself, not some hypothetical or average market conditions, according to Joseph L. Piernock, president of Corporate Development Services, a title industry valuation firm.
Pioneer Title Agency opened its newest branch in Phoenix and will serve the organization’s Paradise Valley customers and business partners. This new office joins two other new branches in Yuma and Florence.
Pioneer Title Agency grows Phoenix team
Corporation Service Co., a provider of eRecording services launched ePrepare Mobile, a free app designed to help CSC customers manage their electronically submitted real estate documents from anywhere.
CSC enhances ePrepare application
Aliant National Title Insurance Co. named a new senior vice president and southeastern region agency manager to oversee Florida and surrounding states. Read on to learn more.
Consumer optimism toward the housing market gained some momentum last month following a dip in December, likely getting a boost from their increasingly positive financial outlook, according to a recent survey. Read on for the details.
The Mortgage Bankers Association (MBA) promoted Thomas Kim to head the association's Commercial/Multifamily Group, replacing Gail Cardwell.
Baird & Warner named a new managing broker for the company’s Glen Ellyn, Ill., location. The company has almost 1,800 broker associates in 25 offices and mortgage financing and title insurance services.
: Nationwide Title Clearing added a national account executive. Read on to learn more about him.
Ellie Mae, a provider of innovative on-demand software solutions and services for the residential mortgage industry, reported results for the fourth quarter and full year ended Dec. 31, 2014.
Ellie Mae names new CEO
Assistant to the President for Homeland Security and Counterterrorism Lisa Monaco announced the formation of a new Cyber Threat Intelligence Integration Center (CTIIC). The agency will not collect intelligence. Read on to learn what it will do.
President’s cybersecurity efforts a ‘baby step’ in the right direction
Investors Title Co. announced its results for the fourth quarter and year-end. Chairman J. Allen Fine also discussed the long-term prospects for the U.S. housing market. Keep reading to learn more.
RealtyTrac, a leading source for comprehensive housing data, released its U.S. Foreclosure Market Report for January 2015. Read on for its details of the market today.
First American Financial Corp., a global provider of title insurance, settlement services and risk solutions for real estate transactions, reported financial results for the fourth quarter and year ended Dec. 31, 2014.
First American’s John Hollenbeck discusses new disclosure forms
Stewart Information Services Corp. reported net earnings for the fourth quarter 2014. CEO Matt W. Morris said the title operations performed solidly in a generally lackluster housing environment. Read on to learn more about the company’s performance.
Stewart Title aligns Dallas-Fort Worth commercial services
First National Title Insurance Co. (FNTI) reported revenues for the company’s second full year of operations of $36.51 million, representing a year-over-year increase of 37.5 percent. The non-affiliated portion of FNTI’s revenue grew from 25.5 percent in 2013 to 33.4 percent in 2014.
First National expands to New Mexico
CertainSafe has partnered with Express Notary Services. Keep reading to learn what their partnership will mean for the industry.
The Old Republic Title Insurance Group launched its newly redesigned agent-facing website, StarsLink. Read on to learn more.