Black Knight Inc. has expanded the availability of its National TaxNet homeowners association (HOA) certificates in Texas. Read on for more details.
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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.
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.
Pavaso has partnered with a technology-focused, national settlement services firm based in Washington D.C. to facilitate the company’s digital closing program.
North American Title Insurance Co. has hired a state agency manager for Alabama and Mississippi. Read on for more details.
AmTrust Title Insurance Co. has hired a vice president and Pennsylvania underwriting counsel. Read on for more details.
Minnesota-based Rochester Title has hired a staff attorney. Read on for more details.
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.
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.
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 has hired a sales executive who will focus on building relationships with credit unions and community banks. Read on for more details.
MortgageHippo has integrated DocMagic, Inc.’s loan preparation, regulatory compliance and eMortgage services into its digital lending platform. Read on for more details.
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.
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.
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 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.
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 now offers an extensive look at property taxes with its new tax certificate service. Read on for more details.
DataTrace has hired an industry veteran with a successful history of developing strategic client relationships. Read on for more details.
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 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, 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 has named an executive vice president of operations. Read on for more details.
AmTrust Title Insurance Co. has hired an agency representative for Pennsylvania and New Jersey. Read on for more details.
Fidelity National Title Group has named a national agency director of education and marketing strategy. Read on for more details.
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.
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.
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 Title Insurance Co. has hired an industry veteran to serve as its Florida agency manager. Read on for more details.
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.
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.
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.
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 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.
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 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 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.
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.
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.
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 Title has promoted an industry veteran to serve as its agency service manager in South Carolina. Read on for more details.
LoanScorecard has hired a digital mortgage strategist with more than 20 years of experience. Read on for more details.
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 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.
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.
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.
North American Title Co. has hired a business development representative for the Denver area. Read on for more details.
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.
Skyline Tax & Lien Search’s products now are available through Qualia’s platform. Read on for more details.
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.
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 has integrated Agents National Title Insurance Co.’s closing protection letters, commitment jackets and policy jackets into its business exchange platform.
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 Credit Union has implemented Simplifile’s collaboration and post-closing services. Read on for more details.
Ellie Mae’s Data Connect now is available to lenders using its Encompass digital mortgage solution. Read on for more details.
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 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.
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.
Two Southern Title associates have become licensed Florida title agents. Read on for more details.
A new report attributes the first-quarter increase in prices for luxury homes to dwindling supply. Read on for more details.
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 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 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 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 Title has hired two executives to help with its sales and customer support in New York. Read on for more details.
GRS Title Services, LLC has hired a business development director. Read on for more details.
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 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.
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.
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.
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 Mortgage has expanded its relationship with Spectrum Mortgage to include warehouse lines of credit. Read on for more details.
Visionet Systems Inc. has hired a vice president of underwriting and client relations. Read on for more details.
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.
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.
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 has named a sales director for its Eastern United Sates and Upper Midwest direct operations. Read on for more details.
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, Ltd. has appointed a branch manager to oversee its Title Alliance Platinum. Read on for more details.
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.
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.
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, Ltd. has named a regional operations manager for Keystone Premier Settlement Services. Read on for more details.
Simplifile clients now can eRecord documents in Collier County, Fla. Read on for more details.
LenderClose has hired a vice president of sales who will focus on introducing more credit unions and community banks to its digital lending platform.
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.
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.
“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.
New Jersey-based Visionet Systems Inc. has hired a vice president for consumer lending. Read on for more details.
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.
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.
Strong purchase markets helped Fidelity National Financial generate increases in both total revenue and earnings per share during 2018’s first quarter.
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 Title Insurance Co. has successfully completed the Service Organization Control Statements on Standards for Attestation Engagement 18 Type II examination.
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 Title Insurance Co. has selected a vice president to oversee its operations in New Jersey, Pennsylvania and Delaware. Read on for more details.
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.
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.
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.
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.