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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.


 

 

Flagstar names new mortgage presidentOpen in a New Window

Flagstar Bancorp, Inc. named a new president of mortgage. He will be responsible for all aspects of the mortgage originations business.

 

HUD release residential sales report for JuneOpen in a New Window

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau announced new residential sales and construction statistics for June 2015.  Read on to learn more. 

 

Stewart names Chief Information Security OfficerOpen in a New Window

Stewart named a new chief information security officer. He is charged with enhancing the company’s security and compliance team. Keep reading to learn more.

 

MBA says lenders still waiting for TRID softwareOpen in a New Window

A recent informal survey by the Mortgage Bankers Association showed that as summer began, two-thirds of lenders still were waiting for code or software from vendors. What should lenders who are behind do? What stories can vendors share to make their voices heard at the Consumer Financial Protection Bureau? Read on for the details.

 

Mortgage loan application defects lessen in JuneOpen in a New Window

First American released the First American Loan Application Defect Index for June 2015. The Defect Index fell 5.8 percent in June as compared to May and 11 percent from the same time last year. Read on to learn more.

 

 

Ellie Mae completes launch of major new version of EncompassOpen in a New Window

Encompass received an upgrade to improve mortgage quality, efficiency and compliance before the TRID rule takes effect. It was released to its entire client base of more than 3,000 lending institutions. Read on to learn more.

 

 

Old Republic reports ‘best quarterly profit ever’Open in a New Window

Old Republic International Corp. reported its earnings for the second quarter of 2015 and half year results. Old Republic Title Insurance Companies Chairman and CEO Rande Yeager said the title segment recorded its best quarterly profit ever. Keep reading to learn more. 

 

Title Financial Corp. celebrates 110 years in title insuranceOpen in a New Window

Title Financial Corp. is celebrating its 110th anniversary. Current CEO Quinn Stufflebeam and his father, Dwain Stufflebeam, owner and Chairman of the Board, spoke to The Title Report about the company’s history and plans for the future.

 

Cordray names new interim deputy director for CFPBOpen in a New Window

CFPB Director Richard Cordray named an acting deputy director to replace Steven Antonakes who announced he was stepping down. He also named an acting associate director for the Supervision, Enforcement and Fair Lending division. Read on to learn more.

 

 

Fidelity National Title Agency names AVPOpen in a New Window

Fidelity National Title Agency appointed a new commercial and major accounts assistant vice president. His focus will be on creating strategic business relationships with the commercial real estate market. Keep reading to learn more.

 

All cash buyer share dropsOpen in a New Window

All-cash buyers accounted for 22.9 percent of all single-family home and condo sales in June, down from 24.7 percent of all sales in the previous month and down from 29.1 percent of all sales in June 2014 to the lowest share of monthly cash sales nationwide since August 2008according to RealtyTrac’s June and Midyear 2015 U.S. Home Sales Report. Investor sales in June were also down from a year ago. Keep reading to learn more. 

 

Cook County eRecords first deedOpen in a New Window

Cook County in Illinois recorded its first electronic deed from Chicago Title using Simplifile. Simplifile Regional Sales Director Mark Moats said many title offices have been waiting for this news. Keep reading to learn more. 

 

First American reports increased commercial revenueOpen in a New Window

First American announced financial results for the second quarter. CEO Dennis Gilmore said the company’s strong results were driven by a healthy spring selling season, continued growth in its commercial business and elevated refinance activity. Keep reading to learn more.

 

Stewart reports increased title revenues for second quarterOpen in a New Window

Stewart Information Services Corp. CEO Matt Morris announced the company’s earnings results for the second quarter of 2015. He also said the company will be exiting the delinquent loan servicing operations market. Keep reading to learn more.

 

WFG names new leader to Midwest Agency groupOpen in a New Window

WFG National Title Insurance Co., named a new vice president and Michigan state underwriter to its Midwest Agency group. Chuck Cain, executive vice president, agency operations, national and central regions, said this hire demonstrates WFG’s commitment to growth in the Michigan marketplace. Read on to learn more. 

 

Hold-harmless bills still in play after CFPB finalizes TRID dateOpen in a New Window

The CFPB recently finalized the TRID implementation date as Oct. 3. In its announcement it also declined to institute a grace-period for those in the industry acting in good faith. There are still, however, two bills in committee that would delay enforcement until Jan. 1. Keep reading to learn more.  

 

ClosingCorp names chief financial officerOpen in a New Window

ClosingCorp, named a new chief financial officer. In this position, he will lead and manage ClosingCorp’s financial affairs including fiscal reporting, budget planning, capital financing and shaping the company’s growth strategy. Read on to learn more.

 

Fannie Mae, Ellie Mae expand strategic partnershipOpen in a New Window

Ellie Mae entered into a strategic partnership with Fannie Mae to further integrate Fannie Mae’s suite of risk management tools into Encompass. Fannie Mae and Ellie Mae will collaborate to provide joint clients enhanced functionality that will help ensure loans meet Fannie Mae requirements from eligibility to loan delivery. Keep reading to learn more. 

 

Breaking News: CFPB finalizes TRID dateOpen in a New Window

The Consumer Financial Protection Bureau (CFPB) issued a final rule moving the effective date of the Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule (TRID).  The bureau issued the change to correct an administrative error that would have delayed the effective date of the rule by at least two weeks, until Aug. 15, at the earliest. Keep reading to learn more. 

 

 

CFPB lieutenant to step downOpen in a New Window

The CFPB’s deputy director and SEFL associate director announced he is stepping down from his position to explore opportunities closer to home. He said he’s missed too many class plays, teacher conference meetings and little league games. Keep reading to learn more. 

 

Fitch completes insurance notching review for U.S. title insuranceOpen in a New Window

Fitch Ratings has completed a portfolio review covering three insurance groups within the U.S. Title Insurance sector, focused exclusively on application of Fitch’s recently updated notching criteria for the insurance industry. Keep reading to learn more. 

 

Five more Georgia counties adopt eRecordingOpen in a New Window

Georgia expanding eRecording of land documents and records through Simplifile. Documents now can be scanned, uploaded and submitted directly to the counties where they can be stamped, recorded and returned in minutes. Keep reading to learn more. 

 

Hillsborough Title names business development officerOpen in a New Window

Hillsborough Title named a new business development officer to represent the Plant City, East Hillsborough region of Florida. CEO Aaron Davis said he was thrilled to add her to the team. Read on to learn more. 

 

Entitle Direct Group hires senior business development officerOpen in a New Window

Entitle Direct Group appointed a seasoned title insurance and settlement professional as its division president, western region for business development activities. He will lean EnTitle Insurance Company’s expansion into Southern California. Keep reading to learn more.

 

Coast Title Insurance Agency celebrates 20 yearsOpen in a New Window

Coast Title Insurance Agency is celebrating its 20th anniversary. Sandra McDermott, owner of the agency, said she is proud to work with such an experienced and dedicated team. Keep reading to learn more. 

 

CFPB to host forum on eClosingsOpen in a New Window

The CFPB will host a forum on the Know Before You Owe initiative on eClosings Aug. 5. This follows the eClosing pilot program the bureau launched earlier this year. Read on to learn more.

 

Richard Cordray speaks on CFPB birthdayOpen in a New Window

On July 16, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray spoke about how far the bureau has come on its four-year anniversary and the fifth anniversary of the Dodd-Frank Act. He said to date, the bureau’s enforcement activity has secured more than $10 billion in relief for more than 17 million consumers. Read on to learn more. 

 

MISMO pushes release schedule to NovemberOpen in a New Window

 The MISMO Residential Standards Governance Committee has announced that it will defer the release of Version 3.4 of the MISMO Reference Model to November 2015. This is a change from the previously announced date of July 2015. Read on to learn more.

 

 

Republic Title of Texas announces new vice president of residential salesOpen in a New Window

Janet Allen will be leading the residential sales and business development efforts of Republic Title of Texas Inc. in her new position as vice president of residential sales. She will also oversee customer relations and sales for all of the company’s residential branch locations.

 

CSC eRecords in three additional countiesOpen in a New Window

Corporation Service Co. was approved to eRecord in three more counties.  This allows recording offices to reduce costs and increase efficiency. Read on to learn more. 

 

Purchase loan activity climbingOpen in a New Window

Purchase activity is climbing as part of lenders’ overall mortgage volume according to Ellie Mae. Lenders’ closing rate on all purchase loans is at its highest level since Ellie Mae began tracking the data in 2011. Keep reading to learn more.

 

WFG adds agency support managerOpen in a New Window

WFG National Title Insurance Co. named a new agency support manager for the New England region of its agency division. She will focus on collaborating with WFG agents, determining their needs in order to strengthen and build the agency relationship. Keep reading to learn more. 

 

Foreclosures at 10-year low in first half of 2015Open in a New Window

In RealtyTrac’s Midyear 2015 U.S. Foreclosure Market Report foreclosures were down 13 percent from the previous six months and 3 percent from the same time period in 2014. Vice President Daren Blomquist said foreclosures not only returned to pre-housing crisis levels, they have fallen well below those pre-crisis levels. Keep reading to learn more. 

 

Flipping edges out renting, Auction.com saysOpen in a New Window

Auction.com announced the finding from its Second Quarter 2015 Real Estate Investor Activity Report. Executive Vice President Rick Sharga said he is seeing two major trends driving the numbers. Read on to learn more.

 

 

Residential, commercial real estate markets positive, Beige Book saysOpen in a New Window

All 12 Federal Reserve Districts indicated that economic activity was expanding from mid-May through June. Reports on residential and commercial real estate markets were positive, according to the July 15 Beige Book released by the Federal Reserve. Keep reading to see how real estate, construction and financial markets fared. 

 

Lender panel tells agents, start TRID conversations nowOpen in a New Window

A panel of lenders talked about what to expect through TRID and after at the 2015 National Settlement Services Summit (NS3). They said communication between all the players in a transaction is going to be more critical than ever. Keep reading to learn more. 

 

How to: Get more out of salesOpen in a New Window

During his presentation at the 2015 National Settlement Services Summit, Greg Wright, founder and president of Wright Consulting Group, shared his insight into how title insurance agents can improve their sales. He said many come to him and say they have a marketshare problem or a competition problem, a location or tech problem, but it’s often the way we think about the problem that’s the actual problem. Read on to learn more.

 

Chicago Title Commercial adds director of marketingOpen in a New Window

To further its expertise and drive growth, Chicago Title Commercial hired a new director of marketing. She will work closely with the firm’s leadership to elevate the Chicago title Commercial brand. Keep reading to learn more. 

 

Entrust expands into OhioOpen in a New Window

Entrust Solutions has brought its Nexus program and centralized disbursing into Ohio. Read on to learn what founder and Managing Member Jonathan Yasko said. 

 

RynohLive hires Midwest sales repOpen in a New Window

After significant growth over the past few months, RynohLive has appointed a Midwest sales representative. He will cover 10 states. Keep reading to learn more. 

 

eLynx releases enhanced TRID-ready platformOpen in a New Window

eLynx announced its latest release of Expedite, a cloud-based platform for managing and delivering all loan documents. It will enable lenders to comply with the CFPB’s TRID rule, according to the company. Read on to learn more. 

 

MortgageFlex announces TRID releaseOpen in a New Window

MortgageFlex Systems, Inc. released a new TRID supportive version of its LoanQuest loan origination system. The company chose to maintain pre-TRID functions to preserve all of their customer’s existing system functionality while developing new Loan Estimate and Closing Disclosure forms. Keep reading to learn more.

 

RedVision realigns CRM teamOpen in a New Window

RedVision announced that it has completed the restructuring of its Customer Relationship Management team. The goal of the changes is to align resources across all points of the customer lifecycle, the company said. Read on to find out the details.

 

‘Bernanke’ among best, most colorful TRID commentsOpen in a New Window

With more than 800 letters and comments sent to the Consumer Financial Protection Bureau, there were plenty of interesting and unusual things authors had to say to the bureau. One of them, in fact, was listed as “Ben Bernanke” from the Federal Reserve. Read on to see what “he” and others had to say.

 

Expanding into new markets profitablyOpen in a New Window

At this year’s National Settlement Services Summit (NS3) Corporate Development Services Business Valuations Director Joe Piernock and Alliant National Title Insurance Co.’s Senior Vice President and Southeast Regional Manager Katherine Stevens offered tips to agents considering expansion. Research and communication are critical components. Read on to learn more.

 

Putnam County adopts eRecordingOpen in a New Window

Putnam County, Fla., implemented eRecording of documents through Simplifile. Recording Supervisor Melanie Bryan said the county is accepting all real estate documents commonly recorded in the Official Record. Read on to learn more.

 

Arch Mortgage launches TRID Information CenterOpen in a New Window

Arch Mortgage Insurance Co. launched a new online resource to provide information and resources to lenders to help them prepare for the expected Oct. 3, 2015, launch of the CFPB’s TRID rule. Read on to learn more.

 

GuardianDocs integrates with Calyx SoftwareOpen in a New Window

LenderLive Network Inc. integrated its GuardianDocs document preparation service with Calyx Software. Users now can order and complete initial disclosures and closing packages without leaving Point. Keep reading to learn more.

 

LoyaltyExpress releases CustomerManager 6.0 CRM solutionOpen in a New Window

LoyaltyExpress released CustomerManager 6.0, an enhanced version of its CRM technology. It builds on the company’s initial integration with Ellie Mae’s Encompass. Read on to learn more.

 

Smaller agents get their say on TRIDOpen in a New Window

As representatives of their industry, trade associations have been lobbying the Consumer Financial Protection Bureau (CFPB) for months about TRID. The past two weeks, however, title agents large and small had their opportunity to make their voice heard as well. Read on to see what agents believe the CFPB should know about TRID.

 

Pressure mounts as Senate adds hold-harmless billOpen in a New Window

With industry commenters clamoring for a restrained enforcement/safe harbor/hold-harmless period for the TILA-RESPA Integrated Disclosure rules, the Senate has taken steps to push the Consumer Financial Protection Bureau to adopt the period. Two senators introduced a hold-harmless bill this week. Read on to find out how this move could affect the CFPB’s decision.

 

Regulators detail settlement form concerns, third-party liabilityOpen in a New Window

When representatives from the Consumer Financial Protection Bureau, the Federal Trade Commission, the American Land Title Association and the Mortgage Bankers Association got together for an open forum at the National Settlement Services Summit, they didn’t just dig into TRID. They also discussed concerns on the settlement and lender side over additional settlement forms, as well as third-party liability, standardized mortgage data, and marketing services agreements. Read on for all their insight.

 

Stewart Title names new managerOpen in a New Window

Stewart Title named a new group sales manager of Stewart Title Direct Operations. He will lead the company’s sales initiatives and strengthen customer relationships. Keep reading to learn more.

 

All-cash sales at 6-year lowOpen in a New Window

According to RealtyTrac only 24.6 percent of all single family home and condo sales in May were all-cash purchases. This is 28.5 percent less than in April and 30.4 percent from last year at the same. Read on to learn more.

 

MIS integrates title fees with EncompassOpen in a New Window

In anticipation of the impending changes under the new TILA-RESPA Integrated Disclosure rules, Mortgage Information Services, Inc. successfully integrated its title insurance and settlement fees with Encompass360. MIS Regional Vice President David Stroop said integrations with Encompass360 offer clients an easier way to manage the title and closing process. Read on to learn more.

 

First American rating affirmedOpen in a New Window

Fitch Ratings affirmed the Issuer Default Rating and Insurer Financial Strength of the First American Title Insurance Companies. The rating is based on the company’s strong capitalization, moderate financial leverage and continued profitability. Keep reading to learn more.

 

Investors Title Co. appoints president, agency managerOpen in a New Window

National Investors Title Insurance Co. named a new president and agency manager for the Texas market. She joined the company in 2010 as vice president supporting and growing the National Investors agent network. Keep reading to learn more.

 

World Wide Land Transfer names Mid-Atlantic managerOpen in a New Window

World Wide Land Transfer, a Pennsylvania-based national title agency, hired a new Mid-Atlantic regional president to spearhead its new D.C. offices. She is responsible for managing and developing production for the company title agency operations. Keep reading to learn more.

 

Ellie Mae names EVP of technology and operationsOpen in a New Window

Ellie Mae named a new executive vice president of technology and operations. In this newly created role he will be responsible for leading all of Ellie Mae’s technology groups. Keep reading to learn more.

 

Florida agent uses American Sign LanguageOpen in a New Window

Bilingual closings aren’t entirely uncommon. In his northern Florida title insurance agency, Stephen Collins does them often. He communicates using American Sign Language (ASL).  Stephen Collins, owner and CEO of Land Title of America, Inc. spoke with The Title Report about his community. Keep reading to learn more.

 

 

FTC kicks off ‘Start with Security’ initiativeOpen in a New Window

The FTC is expanding its efforts to help small to medium sized businesses protect consumers’ information through a new initiative. Representatives are traveling across the country providing guidance for businesses that draws on lessons learned in more than 50 data security cases. Read on to learn more.

 

Fitch affirms Stewart’s outlookOpen in a New Window

Fitch Ratings affirmed Stewart information Services Corp.’s issuer default rating and insurer financial strength rating. It said the ratings reflect solid capitalization and modest financial leverage. Keep reading to learn more. 

 

Fitch upgrades Fidelity National FinancialOpen in a New Window

Fitch Ratings upgraded Fidelity National Financial based on market-leading scale, margins and operating company capitalization. However it noted that though past ventures have been successful, historical results do not mitigate future risks. Keep reading to learn more. 

 

Preferred Closing Services get new managersOpen in a New Window

Title Alliance announced Preferred Closing Services, LLC has appointed two managers. Regional Director Nancy Marsden said she was confident that their appointments mark the beginning of great growth for Preferred Closing Services. Keep reading to learn more.

 

reQuire appoints Florida account managerOpen in a New Window

reQuire, LLC appointed an industry veteran to its account management team. She will be responsible for bringing the reQuire release tracking solution to existing and future title industry partners in Florida. Keep reading to learn more.

 

Clark County in Wisconsin now eRecordingOpen in a New Window

Clark County became the 45th county in Wisconsin to implement eRecording. Register of Deeds Peggy Walter said her decision to implement eRecording stemmed from the CFPB regulations going to effect later this year. Keep reading to learn more.

 

Best and worst markets for low down paymentsOpen in a New Window

RealtyTrac and Down Payment Resource released a joint analysis examining affordability, median income, median home price and homeownership program availability in 370 U.S. counties. Each county was ranked on its affordability and accessibility for low down payment buyers. Keep reading to learn more. 

 

Black Knight updates Empower LOS system in preparation for TRIDOpen in a New Window

Empower version 5.1.4 will enable clients to perform production-level testing of the capabilities designed to support the TRID rule. As testing of the latest version is finalized, Black Knight may release additional version of the LOS in the coming months. Keep reading to learn more. 

 

The sun will come out post-TRIDOpen in a New Window

Whether it’s Aug. 1 or Oct. 3, life will go on post-TRID implementation, according to a National Settlement Services Summit (NS3) panel of underwriters featuring Westcor, Old Republic Title, First American Title Insurance Co., Alliant National Title and Stewart Information Services. Westcor President and CEO Mary O’Donnell said bankers will still get up and go to banks, and Realtors will still take people to see homes. Read on to learn more.

 

CFPB publishes more than 7,700 consumer complaintsOpen in a New Window

The Consumer Financial Protection Bureau (CFPB) went live with an enhanced public-facing consumer complaint database. It includes for the first time more than 7,700 consumer accounts of problems they are facing with financial companies concerning mortgages, bank accounts, credit cards and debt collection. Keep reading to learn more.

 

Closing Insight to be used by USAA membersOpen in a New Window

The United Services Automobile Association (USAA) signed an agreement to implement Black Knight’s Closing Insight. Lenders and their service providers can begin using the new Closing Insight solution when the CFPB’s TRID rule deadline goes into effect later this year. Keep reading to learn more.

 

Stewart adds sales director of western statesOpen in a New Window

Stewart appointed a new sales director for the western states agency district. He will responsible for building an effective sales strategy to attract new independent agencies and service existing ones. Keep reading to learn more.

 

NextAce appoints new COOOpen in a New Window

NextAce named a new chief operating officer. He will responsible for day-to-day operations of the company. Keep reading to learn more. 

 

Regulator forum offers real answers to ‘sensitive’, ‘good-faith efforts’Open in a New Window

The effective date for the TILA-RESPA Integrated Disclosure (TRID) rules might have changed, but the enforcement after it takes effect has not. In an open forum with regulators at the National Settlement Services Summit (NS3), panelists discussed what it means for the Consumer Financial Protection Bureau to be “sensitive” to “good-faith efforts” for TRID compliance. Read on to find out what you will need to do to follow the straight and narrow once TRID takes effect.

 

eClosings inching closer to realityOpen in a New Window

eClosings are becoming a reality around the country. During the 2015 National Settlement Services Summit, three panelists shared their experiences and observations with the technology. Read on to see what they had to say.

 

 

DocMagic kicks off client testing of TRID solutionOpen in a New Window

DocMagic instituted a phased testing approach of its SmartCLOSE collaborative closing portal for TRID compliance with select clients. It was made available to almost 250 lenders to start working with the system and provide comments. Read on to learn more.

 

Agents achieves SSAE 16 certificationOpen in a New Window

Agents National Title Insurance Co. successfully completed the SSAE 16 SOC 1 audit. Read on to learn more.

 

U.S. foreclosure activity decreases 5 percentOpen in a New Window

Foreclosures on U.S. properties decreased 5 percent from April to May, according to RealtyTrac’s Foreclosure Market Report. Keep reading to learn more about this trend.

 

Lenders’ purchase volume share continues to riseOpen in a New Window

Purchase loans as a percentage of lenders’ overall mortgage volume rose for the third straight month in May according to Ellie Mae’s Origination Insight Report. Read on to learn more.

 

TRID implementation delayed two months and two daysOpen in a New Window

The proposed new effective date for the TILA-RESPA Integrated Disclosure rules will be Oct. 3, the Consumer Financial Protection Bureau announced. The bureau said it was proposing an Oct. 3 effective date rather than Cordray’s recent announcement of Oct. 1 because it would launch TRID on a Saturday, as it would have Aug. 1.

 

STRATMOR survey questions TRID preparationsOpen in a New Window

STRATMOR Group announced the results of a recent PeerViews Survey on the industry’s readiness to comply with the CFPB’s TRID rule. According to the survey, lenders would not have been ready to comply with the Aug. 1 deadline. Keep reading to learn more.

 

Placer Title and sister companies set for regulationsOpen in a New Window

Randy Bradley, executive vice president and board member of Mother Lode Holdings Co. sat down with The Title Report to discuss industry regulations. He said despite varying state laws and the CFPB his team will be ready to implement TRID. Keep reading to learn more.

 

Easy Soft offering TILA-RESPA softwareOpen in a New Window

Easy Soft’s new EasyCDF real estate closing software helps attorneys facilitate closings in-house. It takes users through the entire closing process step-by-step with built-in safeguards that help eliminate the possibility of errors. Keep reading to learn more.

 

Stewart adds business development officerOpen in a New Window

Stewart Title Commercial Services added a new senior business development officer. He will responsible for company-wide commercial business. Keep reading to learn more.

 

Adeptive integrates with NotaryLoopOpen in a New Window

Adeptive integrated with NotaryLoop. This allows title agencies to submit loan information to their preferred notary signing services. Read on to learn more. 

 

NAILTA announces change in leadershipOpen in a New Window

 NAILTA named its third president of the association. He succeeds Anthony Affatati. Read on to learn more.

 

 

 

San Diego County now eRecordingOpen in a New Window

San Diego County in California now is accepting electronic land documents. San Diego County Assessor-Recorder-County Clerk Ernie Dronenburg said he estimates 74 percent of the documents are qualified to use this process. Keep reading to learn more. 

 

Title Alliance adds corporate attorney to Greater Maryland TitleOpen in a New Window

Title Alliance appointed a manager to its Virginia Beach office. She recently has passed her Virginia state title insurance licensing exam and is awaiting state appointment. Keep reading to learn more.  

 

Average downpayment drops to three-year lowOpen in a New Window

RealtyTrac released its first quarter 2015 U.S. Home Purchase Down Payment Report. It showed the average downpayment for single family homes, condos and townhomes in the first quarter was 14.8 percent. Keep reading to learn more.

 

California Title announces new presidentOpen in a New Window

The California Title Co. appointed a new president as Jim Waterman announced his retirement. The new leader has a “tremendous amount of experience, knowledge and leadership,” the company said. Keep reading to learn more. 

 

NAIC advances cybersecurity principlesOpen in a New Window

The NAIC is continuing to update and modernize the U.S. system of state-based insurance regulation, according to President-Elect and Missouri Insurance Director John Huff. He said regulators are moving forward with the tools they need to protect consumers, especially in light of recent cyberattacks. Read on to learn more. 

 

CATIC educates, prepares for TILA-RESPA implementationOpen in a New Window

CATIC has been educating Realtors and lenders in preparation for the TILA-RESPA rule deadline and recently rolled out its new software CATIC PrepExpress. Director of Industry Relations Bob Skalstad sat down with The Title Report to discuss these activities. Keep reading to learn more.

 

Three title companies align to create TitleConnect AllianceOpen in a New Window

Three Washington D.C.-based title companies aligned to create the TitleConnect Alliance. With 18 offices spread across Maryland, Virginia and Washington D.C., the companies said they can better service their clients by utilizing any closing location within the network. Read on to learn more. 

 

CFPB proposes delayed implementation of TRIDOpen in a New Window

The industry may be given more time to implement the TILA-RESPA Integrated Disclosure (TRID) rule. In an announcement June 17, the Consumer Financial Protection Bureau (CFPB) said it will be issuing a proposed amendment to delay the effective date of the TRID rule until Oct. 1, 2015. Keep reading to learn more about this proposal. 

 

Safe Title merges into Lighthouse GroupOpen in a New Window

Lighthouse Group strengthened its marketshare and expertise in West Michigan with its merger with Safe Title and its six locations in Holland, Grand Haven, Muskegon, Manistee, Grandville and Grand Rapids. Both have taken agencies from one office to multiple locations in more than a decade. Keep reading to learn more. 

 

Ernst Publishing releases TRID solutionOpen in a New Window

Ernst Publishing Co. rolled out a new collaborative fee management system at the recent National Settlement Services Summit (NS3) in Atlanta. The system allows settlement agents to work with lenders to negotiate and manage fees. Keep reading to learn more.

 

Axis and Meridian Title partner to automate plant operationsOpen in a New Window

Meridian Title has implemented Axis AI’s Advanced Document Classification and Data Extraction software. The process of installing the solution will be complete in a matter of weeks and will be part of the company’s title plant automation initiative going forward. Read on to learn more. 

 

Zombie foreclosures down 10 percentOpen in a New Window

RealtyTrac released its second quarter 2015 Zombie Foreclosure Report. It showed the total number of zombie foreclosures was down 11 percent from the previous quarter and down 10 percent from Q2 2014. Read on to learn more.

 

Foreclosures down nearly 25 percent, CoreLogic saysOpen in a New Window

CoreLogic released its April 2015 National Foreclosure Report. It showed foreclosure inventory declined by 24.9 percent. Read on to learn more. 

 

North American Title names Estero branch leaderOpen in a New Window

North American Title’s Estero, Fla., branch will open in March 2016. In preparation, the company has hired a business consultant with 18 years of closing experience. Read on to learn more.

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Calendar

8/3/2015
PLTI-Deep Dive into the New Closing Disclosure Form-Lehigh Valley-8/3/15

8/11/2015
PLTI - Deeds & Transfers of Title - KOP - August 11, 2015 - Morning

8/11/2015
PLTI - Taking the Confusion Out of Liens - KOP - August 11, 2015 - Afternoon

8/16/2015 » 8/19/2015
NYSLTA 2015 Annual Conference at Skytop Lodge

8/20/2015
Westcor Land Title Agent Seminar-Coraopolis-August 20, 2015

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