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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.


 

 

Black Knight expands availability of HOA certificatesOpen in a New Window

Black Knight Inc. has expanded the availability of its National TaxNet homeowners association (HOA) certificates in Texas. Read on for more details.

 

FNTG National Agency President tells NS3 audience about GTOsOpen in a New Window

In May, The Title Report learned that FinCEN issued a new Geographical Targeting Order (GTO) that took effect May 21, 2018. At the National Settlement Services Summit (NS3) in Detroit on June 7, Steven Day, president National Agency Operations, Fidelity National Title Group and president of the American Land Title Association, participated in an underwriter panel and discussed the latest GTO.

 

Industry reacts to nomination of new CFPB directorOpen in a New Window

Reaction to President Donald Trump’s nomination of Kathy Kraninger as director of the Consumer Financial Protection Bureau seemed somewhat muted as industry experts scrambled to learn her background.

 

First Title & Escrow, Pavaso partnerOpen in a New Window

Pavaso has partnered with a technology-focused, national settlement services firm based in Washington D.C. to facilitate the company’s digital closing program.

 

NATIC adds Alabama, Mississippi managerOpen in a New Window

North American Title Insurance Co. has hired a state agency manager for Alabama and Mississippi. Read on for more details.

 

AmTrust hires underwriting counselOpen in a New Window

AmTrust Title Insurance Co. has hired a vice president and Pennsylvania underwriting counsel. Read on for more details.

 

Rochester Title adds attorneyOpen in a New Window

Minnesota-based Rochester Title has hired a staff attorney. Read on for more details.

 

Feds request more info from Fidelity, StewartOpen in a New Window

The Federal Trade Commission has directed Fidelity National Financial and Stewart Information Services Corp. to provide more information as federal regulators weigh approval of the proposed $1.2 billion merger of the two underwriters, according to a Securities and Exchange Commission (SEC) filing.

 

Economists debate impact of latest rate hikeOpen in a New Window

The Federal Reserve has raised interest rates for the second time this year and signaled that two additional hikes are likely before year’s end. Many economists do not believe this latest rate hike will derail the housing market.

 

WFG appoints COO of WESTOpen in a New Window

A holding company of Williston Financial Group (WFG) and Golden Gate Capital has appointed a chief operating officer (COO). The new COO is the former president of Realtors Property Resource and a former chief technology officer of Realtor.com.

 

LenderClose hires sales executiveOpen in a New Window

LenderClose has hired a sales executive who will focus on building relationships with credit unions and community banks. Read on for more details.

 

DocMagic, MortgageHippo integrateOpen in a New Window

MortgageHippo has integrated DocMagic, Inc.’s loan preparation, regulatory compliance and eMortgage services into its digital lending platform. Read on for more details.

 

Southern Title assistant gains Florida licenseOpen in a New Window

A closing assistant at Southern Title has successfully completed the state exam and became a licensed title agent in Florida. Read on for more details.

 

Digital title company raises $20 millionOpen in a New Window

A digital title and settlement company has closed a $20 million round of funding led by funds and accounts advised by T. Rowe Price Associates, Inc. with participation from PSL Ventures, Imagen Capital Partners and existing investors Trilogy Equity Partners and Maveron.

 

ALTA: CFPB should provide ‘useful’ informationOpen in a New Window

The American Land Title Association is among a coalition of organizations supporting legislation that would require the Consumer Financial Protection Bureau (CFPB) to issue useful guidance concerning consumer financial laws.

 

Old Republic, ZOCCAM partnerOpen in a New Window

Old Republic Title and ZOCCAM have partnered in Texas to facilitate the secure transfer of electronic deposits of earnest money into Old Republic's escrow accounts. ZOCCAM’s CEO said the company’s partnership with Old Republic will save consumers the heartache associated with loss of funds from wire fraud.

 

Flipping rates at two-year lowOpen in a New Window

During the first quarter, the home flipping rate declined in 75 of the 136 metropolitan statistical areas analyzed by ATTOM Data Solutions. Read on for more details.

 

PropLogix offers tax certificate serviceOpen in a New Window

PropLogix now offers an extensive look at property taxes with its new tax certificate service. Read on for more details.

 

DataTrace adds sales executiveOpen in a New Window

DataTrace has hired an industry veteran with a successful history of developing strategic client relationships. Read on for more details.

 

Title CEO running for Michigan governorOpen in a New Window

A long-time business owner and title agent who describes himself as a “passionate zealot who hides out as a normal businessman” has tossed his hat into the race to be Michigan’s next governor. He believes his experience working in the title industry would serve him well in Lansing.

 

TitleWave names presidentOpen in a New Window

TitleWave has selected a former senior vice president with First American Title and president and chief operating officer of Sunbelt Title Agency to serve as its president. A Fidelity National Title Group executive called the new president “a visionary leader, operator and change agent possessing more than 20 years of experience.

 

eOriginal launches new initiativeOpen in a New Window

eOriginal, Inc. has announced a new initiative that will provide settlement agents customized access to key lender documents, including the eNote, in a fully digital environment.

 

Pavaso names executive vice presidentOpen in a New Window

Pavaso has named an executive vice president of operations. Read on for more details.

 

AmTrust adds agency representativeOpen in a New Window

AmTrust Title Insurance Co. has hired an agency representative for Pennsylvania and New Jersey. Read on for more details.

 

Fidelity names director of education and marketing strategyOpen in a New Window

Fidelity National Title Group has named a national agency director of education and marketing strategy. Read on for more details.

 

Meridian CEO discusses CFPB enforcement actionOpen in a New Window

The 14th edition of the National Settlement Services Summit (NS3) got off to a rousing start Wednesday with a lineup of compliance-focused educations, highlighted by Meridian Title CEO Mark Myers. Read on for more from Myers and the first-day lineup at NS3.

 

NS3: Industry stars earn OR awardsOpen in a New Window

For the seventh year, October Research, LLC, presented its annual awards for leadership, innovation and philanthropy, with some of the brightest stars in the title industry recognized for their efforts. Read on for more details of the winners and their contributions to the industry.

 

NS3: Make a Child Smile brings summer fun to Detroit youthOpen in a New Window

The seventh annual “Make a Child Smile” community service event, sponsored by Adeptive Software, saw attendees put together Summer Fun Supply Kits, which will be delivered to the Boys & Girls Clubs of Southeastern Michigan. Read on for more from the event and presentation.

 

AmTrust hires Florida agency managerOpen in a New Window

AmTrust Title Insurance Co. has hired an industry veteran to serve as its Florida agency manager. Read on for more details.

 

KeyStoneB2B, DocMagic partnerOpen in a New Window

KeyStoneB2B and DocMagic have partnered to provide compliant loan document preparation, regulatory compliance and comprehensive eMortgage services through KeyStone’s platform, the companies announced. Read on for more details.

 

Michigan credit union adopts CertifID’s solutionOpen in a New Window

A Michigan-based credit union as adopted CertifID’s solution to prevent wire fraud in its mortgage and retail operations. Read on for more details.

 

Biggest NS3 yet set to beginOpen in a New Window

With a record crowd set to invade the Detroit Marriott at the Renaissance Center, the 14th annual National Settlement Services Summit (NS3) brings a packed lineup featuring a live eClosing with remote online notarization, the CEO of the fifth-largest bank mortgage originator in the country, federal and state regulators, and much more.

 

Dallas title agency launches communication platformOpen in a New Window

A Dallas title company has launched a communication platform that provides buyers, sellers, real estate agents and lenders with real-time details on the closing process.

 

OS National selects Pavaso for digital closingsOpen in a New Window

OS National LLC is partnering with mortgage technology provider Pavaso to provide digital closings. An OS National executive said linking with Pavaso supports the company’s core mission of removing paper from the real estate transaction process and delivering exceptional customer experiences that exceed all expectations.

 

Riverway Title selects executive vice presidentOpen in a New Window

Houston-based Riverway Title has hired an industry veteran to serve as its executive vice president and senior commercial escrow officer. Read on for more details.

 

Visionet’s platform available through AlexaOpen in a New Window

Visionet Systems, Inc.’s workflow-based title production platform now is integrated within Amazon’s AI-powered virtual assistant Alexa. Read on for more details.

 

Guaranteed Rate employing DocMagic technologyOpen in a New Window

Guaranteed Rate is now offering its customers the option of electronically signing mortgage closing documents in advance through a solution powered by DocMagic. Read on for more details.

 

Real estate firm buys interest in title companyOpen in a New Window

A San Diego-based technology-driven real estate company has bought a 50 percent interest in a national settlement services company with escrow and title insurance licenses in 31 states.

 

FinCEN keeps GTO details privateOpen in a New Window

The Financial Crimes Enforcement Network (FinCEN) has denied a Freedom of Information request from The Title Report to provide a copy of its latest Geographic Targeting Orders (GTOs) that took effect in May.

 

Bay National Title appoints CEOOpen in a New Window

Florida-based Bay National Title Co. has named a new chief executive officer. Evan Grimm, who founded the company 15 years ago, has become Bay National’s chairman.

 

Stewart names S.C. agency managerOpen in a New Window

Stewart Title has promoted an industry veteran to serve as its agency service manager in South Carolina. Read on for more details.

 

LoanScorecard adds digital mortgage strategistOpen in a New Window

LoanScorecard has hired a digital mortgage strategist with more than 20 years of experience. Read on for more details.

 

ASAP Tax partners with LandtechOpen in a New Window

A new integration enables Landtech users to order ASAP Tax and Lien Search’s services within the Landtech platform. Read on for more details.

 

Trelix launches closing services solutionOpen in a New Window

Trelix has launched a closing services solution designed to help mortgage lenders efficiently and properly execute and settle their loans, the company announced. With the addition of closing services, Trelix now provides end-to-end fulfillment services for customers.

 

Flueid Software names chairmanOpen in a New Window

The former chairman of the holding company for Title365 has been named chairman of Flueid Software Corp., a software solutions firm for the real estate, lending and insurance industries. Flueid’s CEO called the company’s new chairman a “respected and proven leader with extensive business expertise.

 

Security solution promises to safeguard wire transfersOpen in a New Window

A Florida software company has introduced a new security solution designed to safeguard transactions between title agents, lenders, buyers, sellers and their agents. The company said its technology provides a secure solution for making requests for, and approving changes to settlement instructions with end users.

 

NATC hires business development representativeOpen in a New Window

North American Title Co. has hired  a business development representative for the Denver area. Read on for more details.

 

National median home price jumpsOpen in a New Window

In April, half of all homes listed for sale in Denver were pending sale in six days. Read on for more details from Redfin’s latest report.

 

Qualia, Skyline partnerOpen in a New Window

Skyline Tax & Lien Search’s products now are available through Qualia’s platform. Read on for more details.

 

PGP Title’s quarterly revenues increaseOpen in a New Window

The title division of PulteGroup, Inc. had a double-digit increase in title revenues during the first quarter. The company’s chief financial officer said all of its financial services operations benefitted from a growth in homebuilding volumes and more competitive conditions in the mortgage market.

 

Title agency joins Florida Agency NetworkOpen in a New Window

Florida Agency Network (FAN) has partnered with a title agency in Naples, Fla. The partnership is FAN’s second independently owned and operated partnership.

 

SoftPro integrates Agents NationalOpen in a New Window

SoftPro has integrated Agents National Title Insurance Co.’s closing protection letters, commitment jackets and policy jackets into its business exchange platform.

 

First National expands Florida teamOpen in a New Window

First National Title Insurance Co. has added an agency director and a title plant operations leader to its Florida team. Read on for more details.

 

Mountain America implements SimplifileOpen in a New Window

Mountain America Credit Union has implemented Simplifile’s collaboration and post-closing services. Read on for more details.

 

Data Connect now available to Encompass usersOpen in a New Window

Ellie Mae’s Data Connect now is available to lenders using its Encompass digital mortgage solution. Read on for more details.

 

Notarize gains $20 million in fundingOpen in a New Window

Notarize has gained $20 million through a new round of funding led by Polaris Partners, Lennar Corp., Peter Thiel’s Founders Fund, Fifth Wall Ventures, Second Century Ventures and Realogy Holdings Corp.’s Title Resource Group.

 

Iberiabank’s quarterly title revenues increaseOpen in a New Window

Iberiabank Corp., whose holdings include 24 title insurance offices, reported an increase in first-quarter title revenues. CEO Daryl Byrd said the corporation’s first-quarter results either met or exceeded internal expectations and that Iberia is on track to achieve its 2018 financial guidance.

 

Nevada homeowners most likely to move this quarterOpen in a New Window

Homeowners in Nevada, Delaware, Florida, Colorado and Virginia are the most likely to move during this year’s second quarter, according to a new report. Read on for more details.

 

Southern Title associates gain credentialsOpen in a New Window

Two Southern Title associates have become licensed Florida title agents. Read on for more details.

 

Luxury home prices averaging $1.8 millionOpen in a New Window

A new report attributes the first-quarter increase in prices for luxury homes to dwindling supply. Read on for more details.

 

New GTOs start today, may affect youOpen in a New Window

The Financial Crimes Enforcement Network (FinCEN) will extend its Geographic Targeting Orders (GTOs) that mandate identifying natural persons behind shell companies, The Title Report has learned.

 

Investors Title’s profits decreaseOpen in a New Window

Investors Title Co. pointed to higher interest rates and declining refinances for its drop in first-quarter net income and revenues. Read on for more details from Investors’ first-quarter earnings report.

 

ATTOM launches marketing list creation platformOpen in a New Window

ATTOM Data Solutions has launched a new online marketing list creation platform. The new platform provides users access to public record tax, deed, mortgage and foreclosure data for nearly 155 million U.S. properties.

 

Westcor redesigns websiteOpen in a New Window

Westcor Land Title Insurance Co. has redesigned its website to offer quick and easy access to company information and online tools. President Mary O’Donnell said the redesign will allow visitors to better understand Westcor’s culture and position in the marketplace.

 

Stewart adds New York staffOpen in a New Window

Stewart Title has hired two executives to help with its sales and customer support in New York. Read on for more details.

 

GRS Title hires business development directorOpen in a New Window

GRS Title Services, LLC has hired a business development director. Read on for more details.

 

SoftPro integrates PropLogixOpen in a New Window

A new integration enables SoftPro users to order PropLogix’s municipal lien searches, HOA certificates/estoppels, and surveys, as well as track lien releases. Read on for more details.

 

Old Republic announces sweeping management changesOpen in a New Window

Old Republic has announced sweeping senior management changes, including the appointment of a new president and chief operating officer and additional responsibilities for several company veterans. The newly appointed president will become the eighth in Old Republic’s 95-year history.

 

NS3 Preview: Blockchain, Bitcoin and YouOpen in a New Window

During the 2018 National Settlement Services Summit (NS3) in Detroit, three industry insiders will discuss how the growth of Blockchain and cryptocurrency stands to benefit title agents, lenders, Realtors and borrowers. Read on for more details.

 

MBH, Pavaso partner on digital closingsOpen in a New Window

The largest settlement services provider in Virginia is collaborating with Pavaso to offer digital closings. MBH said Pavaso’s platform will help it give lenders and Realtors a competitive advantage with faster, more convenient and more secure closings.

 

Hispanic homeowner rate increasesOpen in a New Window

For the third straight year, the Hispanic homeownership rate rose in 2017. Read on for more details from the Hispanic Wealth Project report.

 

Mid America expands relationship with Spectrum MortgageOpen in a New Window

Mid America Mortgage has expanded its relationship with Spectrum Mortgage to include warehouse lines of credit. Read on for more details.

 

Visionet adds vice presidentOpen in a New Window

Visionet Systems Inc. has hired a vice president of underwriting and client relations. Read on for more details.

 

NS3 Keynote: Surviving, thriving in new regulatory worldOpen in a New Window

During the 2018 National Settlement Services Summit (NS3) in Detroit, Flagstar Bank President and CEO Alessandro DiNello will address the regulatory issues facing both lenders and service providers since the Dodd-Frank Act’s implementation, and how he believes many of the greatest burdens presented by the law can be mitigated without a massive overhaul of its provisions.

 

Realogy’s TRG reports flat first-quarter earningsOpen in a New Window

Despite increases in purchase title and closing units as well as average fee per closing unit, a significant decrease in refinance title and closing units contributed to flat first-quarter revenue for Realogy Holdings Corp.’s Title Resource Group.

 

First American adds board directorOpen in a New Window

The executive vice president and general counsel for Sempra Energy has been appointed to the board of directors of First American Financial Corp. First American said the newest board director’s experience running intricate businesses and her accomplished service as a director for publicly traded companies make her a valuable addition.

 

Stewart names sales directorOpen in a New Window

Stewart has named a sales director for its Eastern United Sates and Upper Midwest direct operations. Read on for more details.

 

Marcus & Millichap acquires Pinnacle Financial GroupOpen in a New Window

The national brokerage firm Marcus & Millichap Inc. has entered into a definitive agreement to acquire the assets of Cleveland-based Pinnacle Financial Group, Inc. Read on for more details.

 

Title Alliance appoints branch managerOpen in a New Window

Title Alliance, Ltd. has appointed a branch manager to oversee its Title Alliance Platinum. Read on for more details.

 

ATGF names CEOOpen in a New Window

Less than two years after joining Attorneys Title Guaranty Fund, Inc., the company has promoted its associate general counsel to CEO. The company said Eric Morgan will continue as president, with primary responsibility for the company’s licensing expansion, financial operations and regulatory relations.

 

CFPB announces staffing, organization changesOpen in a New Window

The Consumer Financial Protection Bureau this week announced staffing and organizational changes it said were designed to make the bureau more efficient, effective and accountable. The new hires include several policy associate directors and the organizational changes include the creation of a new office within the bureau and the renaming of another.

 

NS3 Preview: Meridian CEO discusses life after CFPB enforcementOpen in a New Window

Meridian CEO Mark Myers will take the stage on the first day of the National Settlement Services Summit (NS3) in Detroit (June 6-8) in an aptly focused session “Life After Enforcement” to discuss the CFPB’s action against his company and its aftermath.

 

Title Alliance names regional operations managerOpen in a New Window

Title Alliance, Ltd. has named a regional operations manager for Keystone Premier Settlement Services. Read on for more details.

 

Simplifile adds Florida countyOpen in a New Window

Simplifile clients now can eRecord documents in Collier County, Fla. Read on for more details.

 

LenderClose hires sales VPOpen in a New Window

LenderClose has hired a vice president of sales who will focus on introducing more credit unions and community banks to its digital lending platform.

 

Fidelity, Stewart executives discuss proposed mergerOpen in a New Window

Following the announcement of Fidelity’s proposed acquisition of Stewart earlier this year, executives from both companies traveled across the country to hold Town Hall-style meetings with Stewart employees.

 

Stewart’s quarterly title revenues increaseOpen in a New Window

Boosted by strong commercial sales and appreciating prices, Stewart Information Services Corp. increased both its title revenues and commercial revenues during the first quarter, according to the company’s latest earnings statement.

 

NS3 Preview: Staying alert during escrowOpen in a New Window

“Fraud is prevalent in every part of society. We have crooks of all sorts come out of the woodwork when there is a lot of money involved,” said Juliana Tu, president, Viva Escrow! Inc., and president-elect, the California Escrow Association, while discussing various types of fraud conducted at the closing table and the importance of staying alert during the escrow process.

 

Visionet hires vice presidentOpen in a New Window

New Jersey-based Visionet Systems Inc. has hired a vice president for consumer lending. Read on for more details.

 

Weichert expands presenceOpen in a New Window

During the first quarter of 2018, Weichert Real Estate Affiliates, Inc. increased its market presence with new office signings across the country. Read on for more details.

 

Number of underwater properties dropsOpen in a New Window

Although the number of seriously underwater properties in the U.S. declined during the first quarter, it was the smallest drop since 2013. Read on for more details.

 

Fidelity’s first-quarter revenues increaseOpen in a New Window

Strong purchase markets helped Fidelity National Financial generate increases in both total revenue and earnings per share during 2018’s first quarter.

 

NS3 Preview: Moving your business from the Stone Age to eClosingsOpen in a New Window

During a session at this year’s National Settlement Services Summit (NS3) in Detroit June 6-8 titled “From Zero to eClosing,” industry experts will discuss eNotarizations, eClosings and the remaining roadblocks to their widespread adoption.

 

Alliant National obtains SSAE18 Type II compliant statusOpen in a New Window

Alliant National Title Insurance Co. has successfully completed the Service Organization Control Statements on Standards for Attestation Engagement 18 Type II examination.

 

Research reveals best day to sell a homeOpen in a New Window

What is the best month to sell a home? How about the absolute best day to sell a home? Read on for ATTOM Data Solutions’ answers to those questions.

 

AmTrust promotes vice presidentOpen in a New Window

AmTrust Title Insurance Co. has selected a vice president to oversee its operations in New Jersey, Pennsylvania and Delaware. Read on for more details.

 

Loan defects declined in MarchOpen in a New Window

Wyoming, Arkansas, Virginia, Maryland and New Mexico had the greatest year-over-year increase in loan defect frequency during March. Read on for more details from the latest First American Loan Application Defect Index.

 

2018 VOTA winners announcedOpen in a New Window

The Title Report and October Research, LLC, gave away a free registration to this year’s National Settlement Services Summit (NS3) in Detroit June 6-8, along with three subscriptions to The Title Report, to selected participants in this year’s Voice of the Title Agent survey.

 

Old Republic reports flat title volumeOpen in a New Window

Although accounting changes resulting from the new tax laws brought down Old Republic International Corp.’s earnings in the first quarter of 2018, the company said that title results for the first three months were basically flat.

 

NS3 Preview: Michigan title manager provides sales strategies that workOpen in a New Window

How do title and settlement companies grow their businesses — or maintain their current level of business for that matter? During a session at this year’s National Settlement Services Summit (NS3) in Detroit June 6-8 titled “Winning Sales Strategies,” Chris Kass, sales manager at Michigan-based Liberty Title, will discuss sales strategies and offer solutions for growing your business.

 

PLTA Partners