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The Title Report is the title insurance industry’s premier source of market intelligence on issues that matter to today’s title agent and settlement services professional. It provides up-to-the-minute, nationwide reporting on title insurance, settlement services, e-commerce and title technology, real estate market trends, fraud reports, ratings actions and earnings reports, mergers and acquisitions, niche markets, competitive business strategies and regulatory and legislative updates.


 

 

Large lenders expecting credit standards to easeOpen in a New Window

Purchase mortgage demand expected to decline over the next three months, according to Fannie Mae’s third quarter Mortgage Lender Sentiment Survey.

 

Lending group names Kensington Vanguard preferred title insurance providerOpen in a New Window

The American Association of Private Lenders endorsed Kensington Vanguard National Land Services as Preferred Title Insurance Provider. Keep reading to learn why.

 

LenderLive grows settlement services divisionOpen in a New Window

LenderLive Network Inc., a domestic-based, end-to-end mortgage services provider, named Charlie Kent vice president of national sales for its settlement services division.

 

QRM rule release date still unknownOpen in a New Window

 Six regulatory agencies re-proposed their QRM rule more than a year ago, but based on comments from agency leaders during a recent Congressional hearing on Dodd-Frank implementation, it appears the final rule may not be released for a while.

 

 

Lennar Corp. reports ‘solid profitability’ for third quarterOpen in a New Window

Lennar Corp, one of the nation's largest homebuilders, reported results for its third quarter ended Aug 31.

Lennar reports highest second quarter margins in company’s history

"We are extremely pleased with our third quarter results as we achieved solid profitability in each of our reporting segments,” Lennar Corp. CEO Stuart Miller said.

 

Reports find homeownership still part of the American DreamOpen in a New Window

Wells Fargo and the Demand Institute recently released studies showing Americans, including millennials, still view homeownership as an achievement. Keep reading to see what these experts had to say.

 

WFG integrates with AdeptiveOpen in a New Window

Adeptive’s ResWare platform now is integrated with WFG National Title Insurance Co. policy jackets. 

 

Newton man admits to extensive mortgage fraudOpen in a New Window

Filippos Milios, also known as Filip Milios of Newington, Conn., pleaded guilty before U.S. Magistrate Judge Donna Martinez in Hartford to conspiracy and money laundering offenses stemming from his role in a mortgage fraud scheme involving dozens of Connecticut properties.

 

First National expands to New MexicoOpen in a New Window

First National Title Insurance Co. (FNTI) has expanded into New Mexico market.

“We are following our independent spirit of agent-focused underwriting services to the land of enchantment,” CEO Chris Phillips said. 

 

Florida Realtors open Platinum TitleOpen in a New Window

Bryan and Cheri Guentner, owners of RE/MAX Platinum Realty, have opened Platinum Title, LLC. 

 

Baird & Warner expands in ChicagoOpen in a New Window

Baird & Warner, Chicagoland’s largest locally owned independent residential real estate services company, opened its 24th branch office in Plainfield, Ill.

 

 

National Title Solutions grows commercial staffOpen in a New Window

The National Title Solutions (NTS) affiliate of North American Title Co. has added Krista DeCastro as senior counsel. 

 

Advantage Group boosts sales teamOpen in a New Window

The Advantage Group has added a senior vice president to work with institutional investors, lenders, attorneys and developers on significant regional and multi-state transactions.

 

Windermere joins RealtyTrac networkOpen in a New Window

Windermere Real Estate, a Seattle-based brokerage, is now part of RealtyTrac exclusive residential real estate network. 

 

FAF eyes growth, product expansion as market mellows outOpen in a New Window

As a pure-play leader in the title insurance market, First American Financial Corp. (FAF) is in a strong financial position with a healthy balance sheet and a meaningful opportunity to return capital to shareholders, the insurer announced during a presentation on Sept. 10 at the Barclays PLC Global Financial Services Conference.

 

Fidelity president gives Barclays market updateOpen in a New Window

Brent Bickett, president of Fidelity National Financial (FNF), spoke at the Barclays Global Financial Services Conference in New York on Sept. 9. He said the last six months, order counts have been relatively flat, so it’s an easy environment for the title group.

Fidelity gives conference look at Q3

“This is one of the strongest markets that we've had in a while,” Bickett said. 

 

SCA partners with Fidelity National Title GroupOpen in a New Window

Security Compliance Associates (SCA), an information security provider for financial institutions, has entered into a preferred vendor arrangement with Fidelity National Title Group.

 

TrackerPro partners with CSCOpen in a New Window

TrackerPro, a title insurance software provider, partnered with Corporation Service Co., to enable seamless integration with the CSC eRecord application.

 

Average loan size increases according to MBAOpen in a New Window

The Mortgage Bankers Association Build Application Survey data for August 2014 shows mortgage applications for new home purchases decreased by 9 percent relative to July, but average loan size has increased over the same time period.

 

Email encryption: A Trojan horse waiting to strikeOpen in a New Window

Everyone is aware of cyberthreats and has taken steps to make their networks and systems more secure, but CertainSafe Executive Vice President Steve Russo saw many overlooking an important aspect of cybersecurity.

He authored a whitepaper, “Email Encryption: A Trojan horse waiting to strike” where he said, “Over time, we have learned that securing sensitive and confidential communication, data exchanges and information that travels through emailing is a complicated challenge.

 

First Nationwide Title appoints director of title operationsOpen in a New Window

First Nationwide Title Agency added a director of title operations along with a senior title officer to rapid growing staff. Keep reading to learn more.

 

California mortgage fraudster to report to prison Nov. 3Open in a New Window

Granada Hills, Calif., accountant Carmen Denise Mosely will report to federal prison Nov. 3 to begin her 57-month sentence. She was convicted of conspiracy and fraud charges for participating in a mortgage fraud scheme in southern Nevada. 

 

North American partners with RedVisionOpen in a New Window

North American Title Insurance Co. and RedVision have teamed up to provide search, examination and curative-ready solutions to NATIC’s independent agents across 38 states via its online portal, SearchLink Network.

 

Foreclosure activity down 9 percent from a year agoOpen in a New Window

After 44 consecutive months of annual decreases, there were 51,192 properties scheduled for foreclosure auction during the month of August, according to RealtyTrac’s U.S. Foreclosure Market Report. Keep reading to learn what else is happening in this sector of the industry.

 

CFPB updates compliance guides for small entity complianceOpen in a New Window

The Consumer Financial Protection Bureau updated a pair of guides intended to help smaller entities implement new mortgage disclosure forms and rules that take effect next summer. Read on to learn updates.

 

Reinsurance alliance with Lloyd’s of London adds memberOpen in a New Window

First National Title Insurance Company announced it has become the sixth member of the American Title Reinsurance Alliance. The group, an allegiance of regional title insurers working with Lloyd’s of London, was formed in 2012 and added FNTI in July.

 

Fidelity gives conference look at Q3Open in a New Window

Fidelity National Financial President Brent Bickett, Chief Financial Officer Tony Park and Senior Vice President and Treasurer Dan Murphy presented at the Keefe, Bruyette & Woods 2014 Insurance Conference Sept. 3. There they discussed the margins within the different segments of FNF along with the synergies between their newly acquired businesses.
Fidelity reports stable title business despite slow housing market

 

New Jersey man admits to mortgage fraud schemeOpen in a New Window

An Essex County, N.J., man admitted conspiring to defraud financial institutions as part of a $15 million mortgage fraud scheme that used phony documents and straw buyers to make illegal profits on overbuilt condos, U.S. Attorney Paul J. Fishman announced.

 

First American appoints new senior operations counselOpen in a New Window

First American Title Insurance Co. promoted a senior underwriter to senior operations counsel for the west region of the company’s direct division. Keep reading to learn more.

 

Stewart to expand national commercial businessOpen in a New Window

Stewart Title Commercial Services appointed a new business development officer, who will be responsible for expanding the company’s national commercial business. 

 

eRecording All-Stars awarded by CSCOpen in a New Window

Corporation Service Co. named four 2014 eRecording All-Stars for their advancements in electronic recording. A committee of CSC management and operations staff selected the winners, who will receive commemorative trophies to honor their accomplishments.

Free Download: eTransactions Special Report: The Evolution of eRecordings

 

Myron Finley of NTC talks about company milestoneOpen in a New Window

Nationwide Title Clearing (NTC), a research and document-processing provider for the mortgage and financial industry, reported that the company hit a milestone in its quest to help mortgage loan servicers handle more business electronically by sending 60 percent of its volume to county recorders in electronic form.

Myron Finley, chief legal officer for the company, told The Title Report this came as no surprise. NTC has been aggressively promoting eRecording.

 

Ellie Mae enhances EncompassOpen in a New Window

Ellie Mae announced a major new release of its Encompass mortgage management solution. The new release includes more than 300 enhancements designed to promote compliance, loan quality and efficiency.

 

Blomquist: Homeownership affordable despite student loansOpen in a New Window

The slowdown in first time homeownership has been blamed on the increased cost of student loans and home prices, but RealtyTrac’s Daren Blomquist told The Title Report that’s not necessarily true.

 

Linear Title talks about new division launchOpen in a New Window

The company’s wholly owned subsidiary, Nexgen Compliance Solutions, developed three industry products: Title Hound, Certus and the soon-to-be-released Latitude. Any title agent now may buy these products through Linear Title’s new Title Services Division.

“We developed our own software products and automation,” Liuzza told The Title Report

 

Title365 adds VP for training, developmentOpen in a New Window

Title365 Co. named a new vice president, director of education and business development for the Dallas-Fort Worth area. She will be responsible for training and development of customer-centric programs. Keep reading to find out who.

 

Carrington expands footprint in central IndianaOpen in a New Window

Carrington Mortgage Services plans to expand its operations in the state of Indiana. The planned facility should be operational by the end of the year. Keep reading to learn more.

 

What constitutes the cost of reproduction?Open in a New Window

David Floyd, president of SKLD Title Services and board member of the Association for Title Information Management (ATIM) said, the ability for title plants to automate and accurately autopost the information is becoming better each year.

Free Download: eTransactions Special Report: The Evolution of eRecordings

SKLD Title Services is a joint title plant where members are joint owners of plants in 14 Colorado counties covering 85 percent of the state’s population. 

 

General consumer spending grew in most districts according to Sept. Beige BookOpen in a New Window

Reports from the 12 Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report; however, none of the Districts pointed to a distinct shift in the overall pace of growth.

The New York, Cleveland, Chicago, Minneapolis, Dallas, and San Francisco Districts characterized their growth rates as moderate; Philadelphia, Atlanta, St. Louis, and Kansas City reported modest growth, a step below/above moderate.

 

Half of all businesses will hire IT securityOpen in a New Window

Half of all businesses will hire IT security

 

DocMagic, Mountain America partner for VA eClosingOpen in a New Window

DocMagic Inc., partnered with Mountain America Credit Union to provide paperless loan closing for a loan insured by the Veteran’s Administration.

 

Echoworx to provide email encryption for Old RepublicOpen in a New Window

Echoworx Corp. has teamed up with Old Republic Title Insurance Group to provide email encryption solutions for the company’s direct operations and policy-issuing agents.

 

Avenue 365 expands national sales teamOpen in a New Window

Avenue 365 Lender Services appointed a new vice president, national account manager, default services to lead the company into new national and mid-tier relationships. 

 

FHFA proposes housing goals for Fannie Mae and Freddie MacOpen in a New Window

The Federal Housing Finance Agency proposed a rule that would establish housing goals for Fannie Mae and Freddie Mac for 2015-17.

FHFA to seek input on single security

 

Ten indicted for $50 million mortgage scamOpen in a New Window

The owner of a Florida mortgage company, seven employees of the company and two real estate developers were indicted in the Southern District of Florida in connection with an alleged $50 million mortgage fraud scheme, according to a release from the Department of Justice.

 

Old Republic promotes Peter Mattson to VPOpen in a New Window

Old Republic promoted Peter Mattson, senior manager of social media and digital strategy, to vice president of ORNTIC and corporate marketing and communications manager. 

 

Title companies find savings offshoreOpen in a New Window

In the title insurance industry, work sent offshore can include processing images, keying and key verifying, researching missing and incorrect data elements, performing quality assurance and some escrow functions — mostly simple, entry-level tasks.

The panel agreed that many companies in the industry should expect to save 25 percent to 30 percent by offshoring, with the right vendor. 

 

LandCastle bought out by FidelityOpen in a New Window

Fidelity National Title Group purchased 70 percent ownership of LandCastle Title LLC after substantial escrow account misappropriations were found in the company and that of the law firm Morris Hardwick and Schneider. Keep reading to learn more.

 

ALTA releases updated report on title insurance premiumsOpen in a New Window

The American Land Title Association (ALTA), the national trade association of the land title insurance industry, reported title insurance premium volume declined 16.6 percent during the second quarter of 2014 when compared with the same period a year ago. Keep reading for more information.

 

Wells Fargo, PNC top MBA rankingsOpen in a New Window

The Mortgage Bankers Association released its mid-year rankings of commercial and multifamily mortgage servicers’ volumes as of June 30. Wells Fargo and PNC Real Estate/Midland Loan Services top the list. Read on to see who else makes an appearance.

 

Fitch: Title Insurers show improved loss ratioOpen in a New Window

The U.S. title insurance industry reported declines in title operating revenues and profits for the first half of 2014 as the industry continued to deal with lower mortgage refinancing volumes. Harsh winter weather and higher interest rates in the first quarter also contributed to lower mortgage and real estate market activity over the first six months of 2014, according to Fitch Ratings.

Fitch’s Glombicki analyzes the big four

 

Zacks names Fidelity National a Strong SellOpen in a New Window

Zacks Rank, a stock-rating system, downgraded Fidelity National Financial Inc. a notch to Rank  5, Strong Sell. According to Zacks, FNF has been experiencing a downward estimate revision because of sluggish second quarter 2013 results and a weak outlook for the upcoming quarters. 

 

County recorder wants to increase eRecording of documentsOpen in a New Window

Larry Burtness, Washoe County Recorder and vice president of the Property Records Industry Association (PRIA) said he is electronically recording 55 percent of the total volume of documents that come through his office. He expects to increase that to 80 percent.

There are currently more than 1,140 of 3,600 recording jurisdictions in the country eRecording including Hawaii and Alaska. 

 

Case-Shiller report points to ‘more normal housing sector’Open in a New Window

The S&P/Case-Shiller Home Price report said the data through June shows a sustained slowdown in price increases. Committee Chairman David Blitzer said this data, combined with other indicators, points to a more normal housing sector.

 

First International Title adds staff to three branchesOpen in a New Window

First International Title hired new staffers for its Sarasota, Kissimmee and Inverness branches. Keep reading to learn more.

 

Building permits and construction starts up, says HUD and Census BureauOpen in a New Window

The U.S. Census Bureau and the Department of Housing and Urban Development announced its latest residential construction statistics August 19. Most indicators show increase between June and July.

 

Wells Fargo expands access to new ideas through Startup AcceleratorOpen in a New Window

Wells Fargo began accepting applications through Oct. 1 from young companies interested in joining the new Wells Fargo Startup Accelerator, a semiannual boot camp for innovators whose technology ideas in payments, deposits, fraud, operations and other fields could shape future customer experiences in financial services.

 

CFPB chooses eClosing pilot participantsOpen in a New Window

The Consumer Financial Protection Bureau selected its participants for its mortgage eClosing pilot program. Keep reading to find out who.

 

Data security high on priority list of global firms, survey findsOpen in a New Window

A recent survey commissioned by a global information technology (IT) security vendor finds that preventing data leaks and preserving continuity of business systems during interruptions rank high on the list of many global businesses.

The survey, “Global IT Security Risks Survey 2014-Virtualization,” by global firm Kaspersky Lab, polled nearly 4,000 representatives in 27 countries who work at mid-sized to “very large” firms about the obstacles their management and IT teams face, specifically when building and maintaining a reliable, smooth-running IT infrastructure. 

 

FHFA seeks comment on ‘maintain, reduce and build’ planOpen in a New Window

The FHFA is seeking comment from industry stakeholders as well as members of Congress and the public on its plan, which sets forth three goals — “maintain, reduce and build” — to guide the conservatorships of Fannie Mae and Freddie Mac.

 

 

 

Refinances see a boostOpen in a New Window

The Federal Housing Finance Agency reported the total volume of mortgage refinances increased slightly in June as mortgage rates decreased from May. Keep reading to learn more.

 

Greater Maryland Title appoints manager, processorOpen in a New Window

Greater Maryland Title, a title insurance agency joint venture of Title Alliance Ltd., announced the appointment of a new manager and processor. Read on to see who.

 

The true cost of recorded documentsOpen in a New Window

The cost of recorded documents has been the subject of much debate, including at this year’s Association for Title Information Management’s (ATIM) 29th Annual Conference in Portland, Ore. October Research, LLC attended the event to learn more about this segment of the industry.

The session, “The Answer’s Money; So, What’s the Question? – A Clerk and Recorder Round Table” was moderated by Jim Harper, president and co-founder of PFA Inc., a high technology company specializing in migrating and preserving real property records. Included in the round table were Bill Burgess, Marion County Clerk in Oregon; Christine Walker, Jackson County Clerk in Oregon; Dianne Wilson, Fort Bend County Clerk in Texas and Joyce Mascena, Town of Glastonbury Clerk in Connecticut.

 

Hillsborough’s Loper seeks to change REO stereotypeOpen in a New Window

Hillsborough Title’s family of companies is adding a REO Division to its Florida operations. Newly appointed division manager Tanya Loper told The Title Report she wants to take the stigma out of REO sales.

 

Louisiana opens its doors to eRecordingOpen in a New Window

In a state that has been historically resistant to eRecording, Louisiana’s Jefferson Parish is now accepting the technology with Simplifile.

 

Carrington opens offices, names leadersOpen in a New Window

A residential retail and wholesale lender will expand into four new markets to extend a wide range of product offerings underserved borrowers. Read on for more details.

 

MISMO seeking public commentOpen in a New Window

The MISMO Residential Standards Governance Committee announced the schedule for the next two releases of the MISMO Residential Data Standard. Keep reading for the dates and details.

 

Commercial transaction volume healthy, according to reportOpen in a New Window

Commercial real estate transaction metrics are trending in a positive direction, with deal volume and pricing shifting upward as cap rate and risk premiums decline according to Auction.com’s Q2 2014 Commercial Real Estate Market Monitor Report.

“The picture continues to brighten for the commercial real estate market, as more investors take advantage of the current low-interest rate environment and drive transaction volume and pricing upward across all of the major sectors,” said Auction.com Executive Vice President Rick Sharga.

 

reQuire Release Tracking integrates with ResWareOpen in a New Window

ResWare is now fully integrated with reQuire’s Release Tracking service. Keep reading to learn more about this partnership.

 

Two Miamians plead guilty to mortgage fraudOpen in a New Window

Luis Michael Mendez, 44, and Wilkie Perez, 39, each plead guilty to one count of conspiracy to commit bank fraud and wire fraud before U.S. District Court Judge Darrin Gayles in the Southern District of Florida. 

 

All-cash share of home sales pulls backOpen in a New Window

All-cash sales accounted were down from a three-year high in the second quarter according to RealtyTrac’s Q2 2014 U.S. Institutional Investor and Cash Sales Report. Institutional investors also are down from the previous quarter. Keep reading for more analysis of these niche sales in the industry.

 

Stewart debuts enhanced underwriting websiteOpen in a New Window

Stewart released its newest version of Virtual Underwriter system. This tool provides databases, manuals, forms and real estate practices that streamline the process. Keep reading to learn more about this updated technology.

 

RynohLive offers six steps to escrow securityOpen in a New Window

RynohLive released a new whitepaper focusing on the safekeeping of escrow accounts, entitled “Six Steps to Total Escrow Security.” Here experts from the company outline how agents can use technology to prevent fraud, embezzlement, defalcation and errors.

“One of the main areas of risk for the title insurance industry right now is escrow accounts,” said Dick Reass, president and founder of RynohLive

 

Disaster recovery dependent on preparation (Pt. 2)Open in a New Window

Disaster recovery preparation needs to be about more than preparing for hurricanes and tornadoes, according to Agility Recovery experts Bob Boyd, Mark Norton and Scott Teel. Man-made disasters are far more common and can cause a significant interruption in business. In Part 2 of this two-part series, the experts explain how to get started. 

 

Disaster recovery dependent on preparationOpen in a New Window

Disaster recovery preparation needs to be about more than preparing for hurricanes and tornadoes according to Agility Recovery experts Bob Boyd, Mark Norton and Scott Teel. Man-made disasters are far more common and can cause a significant interruption in business. Keep reading to learn how your business can be prepared for all kinds of disasters.

 

FHFA to seek input on single securityOpen in a New Window

The Federal Housing Finance Agency published a request for input on the proposed structure for a single security that would be issued and guaranteed by Fannie Mae and Freddie Mac.

 

TitleExpress integrates with TrustLinkOpen in a New Window

TSS Software, a technology solutions provider, announced the integration of Title Express with First American SMS’ TrustLink platform. Keep reading to learn more.

 

Charlotte mortgage fraudsters sentenced to prisonOpen in a New Window

Two defendants involved in a mortgage fraud conspiracy that targeted Charlotte-area homes were sentenced to prison according to the Charlotte Division of the FBI. Keep reading to learn more.

 

Housing market shows improvement according to reportOpen in a New Window

The latest National Association of Home Builders/First American Leading Market Index revealed the housing recovery is moving forward.

 

eRecording popular, but not without barriersOpen in a New Window

eRecording is gaining in popularity across the country, but there are still some barriers to full acceptance of the technology. Simplifile's National Sales Manager Vicki DiPasquale and CSC President Karl Klessig spoke to The Title Report about these barriers and what's to come for this part of the industry.

 

Stewart acquires DataQuick valuation business lineOpen in a New Window

Stewart completed the acquisition of DataQuick Lending Solutions collateral valuation assets. 

 

Foreclosures becoming fewer, farther betweenOpen in a New Window

RealtyTrac, a source for comprehensive housing data, released its U.S. Foreclosure Market Report for July 2014. According to the report, foreclosures are decreasing in most areas of the country. Keep reading to learn more.

 

North American grows in NortheastOpen in a New Window

North American Title Agency is growing its New Jersey and Northeast operations with new offices and people. Keep reading to learn more about this expansion.

 

 

Fitch’s Glombicki analyzes the big fourOpen in a New Window

Title insurers in the U.S. reported a meaningful reduction in first half 2014 profits versus the prior year. The decline is because of a weak first quarter with negative effects from severe winter weather on economic activity and higher interest rates on mortgage refinancing volume.  Favorably, commercial activity remains robust, although unlikely to fully offset other unfavorable trends. 

The title insurance industry is dominated by four large publicly traded companies: Fidelity National Financial (Fidelity), First American Financial Corp. (First American), Old Republic International (Old Republic) and Stewart Information Services Corp (Stewart). 

 

Blomquist: affordability peak may be pastOpen in a New Window

RealtyTrac, a provider of real estate data and analytics, released a report Aug. 7 that shows housing affordability for many median-income households has dropped below historical averages. What the report shows is that while there might not be a need to sound the alarm for dangerously low affordability in most markets at the moment, there has been a shift away from the peak buying climate that some areas have enjoyed over the last several years. 

 

FHA commish to step downOpen in a New Window

Federal Housing Administration Commissioner Carol Galante will step down from her position at the end of this calendar year to accept a position at the University of California Berkley. She will have served two years.

As commissioner she had direct responsibility for oversight and administration of the FHA’s trillion dollar insurance portfolio, which includes single family and multifamily housing as well as insured health care facilities. 

 

Delinquency, foreclosure rates decreaseOpen in a New Window

The Mortgage Banker’s Association recently released its National Delinquency Survey for the first half of 2014. According to its data, delinquency rates fell to their lowest level in more than six years. Keep reading to learn more.

 

Pioneer Technology adds director of business developmentOpen in a New Window

Pioneer Technology Group announced a new director of business development with more than 15 years of experience in land records and court systems. Keep reading to learn about the company’s newest addition.

 

WFG promotes Thompson to SVPOpen in a New Window

Earle Thompson has been promoted to senior vice president, agency division with WFG National Title Insurance Company.

 

Title Alliance eager for Florida opportunitiesOpen in a New Window

Title Alliance has opened its first title agency partnership in Florida with the Keller Williams Marco Island Market Center of Marco Island, Fla. This is the 38th joint venture title office for the company, and its 19th partnership with Keller Williams.

Title Alliance opens first joint venture in Indiana

“Our particular niche is different from most out there,” Jim Campbell, partner at Title Alliance told The Title Report

 

Alliant National Title Insurance Co. adds regional underwriting counselOpen in a New Window

Alliant National Title Insurance Co., a title insurance underwriter partnering with independent agents, appointed a new senior vice president and regional underwriting counsel. Keep reading to find out who.

 

Seven new jurisdictions begin eRecording with SimplifileOpen in a New Window

Simplifile announced Aug. 6 that Lincoln County, Wyo., is eRecording—the second jurisdiction in the state to implement eRecording with the company. 

 

Foreclosures down 10 percent, home prices up 8 percentOpen in a New Window

CoreLogic released its monthly reports on home prices and completed foreclosures. Read to see how the housing industry did year-over-year.

 

U.S. Chamber encourages CFPB consumer complaint auditOpen in a New Window

The U.S. Chamber of Commerce recently wrote a letter to the inspector general (IG) for the Federal Reserve and Consumer Financial Protection Bureau (CFPB) addressing the bureau’s policy of publishing unverified consumer complaints and the IG’s upcoming audit of that database. 

 

Ellie Mae to acquire AllRegs, launches new consumer direct solutionOpen in a New Window

Elle Mae, a provider of innovative on-demand software solutions and services for the residential mortgage industry, has signed a definitive agreement to acquire AllRegs, an information provider for the mortgage industry, for $30 million in cash, subject to certain price adjustments. 

 

Lenders report positive expectations, project modest growthOpen in a New Window

Results collected during the inaugural quarterly Mortgage Lender Sentiment Survey show greater consumer mortgage demand in the second quarter of the year along with a steady and positive near-term mortgage demand outlook, and a divergence between larger and smaller lenders in underwriting credit standards.

This new industry research initiative tracks insights into current lending activities and market expectations among senior mortgage executives at Fannie Mae’s lending institution partners.

 

Massachusetts man charged in mortgage fraud schemeOpen in a New Window

Christopher Chasse, 42, formerly of Foxboro, Mass., was charged in federal court in connection with fraudulent mortgage loans used to purchase residential properties. He was indicted on 10 counts of wire fraud.

 

 

 

Closing costs continue to escalateOpen in a New Window

The average fees that consumers pay to close on a mortgage have increased for the second year in a row, according to Bankrate’s annual closing cost survey. Fees charged by third parties haven’t changed much. The increase is coming from lenders. Keep reading to learn more.

 

Land Title and Escrow becomes TitleOneOpen in a New Window

Land Title and Escrow now is operating under the TitleOne brand as a result of being acquired by the company in March. Larry Roberts, the former president of Land Title and Escrow, said he’s excited about the change.

 

CSC enhances ePrepare applicationOpen in a New Window

Corporation Service Co. launched new enhancements to its ePrepare electronic document preparation application. Keep reading to learn about this improved industry tool.

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Calendar

9/23/2014
PLTI - Best Practices Workshop -Harrisburg - September 23, 2014

10/9/2014
Commonwealth/Chicago/Fidelity National Title Insurance Seminar- Pittsburgh-Oct. 9, 2014

10/23/2014
Old Republic Title Fall Agent Seminar - Camp Hill - October 23, 2014

11/4/2014
PLTA Executive Committee Meeting

11/11/2014
2014 Agents & Abstracters Forum & Business Development Day