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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.


 

 

Spruce expands into TexasOpen in a New Window

Spruce has hired a former First American and Stewart executive to oversee its expansion into Texas, which includes the opening a new operations center in Dallas.

 

First American’s ‘excellent’ rating affirmedOpen in a New Window

A.M. Best has affirmed First American Title Insurance Co.’s financial strength rating  of A (Excellent) and the long-term issuer credit ratings of “a.”

 

Synergy One acquires assets of national mortgagerOpen in a New Window

San Diego-based Synergy One Lending has reached a definitive agreement to acquire certain assets of BBMC Mortgage, a national mortgage company based in Illinois.

 

RamQuest integrates Black KnightOpen in a New Window

RamQuest, Inc. has integrated Black Knight, Inc.’s nationwide tax solutions into its Closing Market digital network. Read on for more details.

 

Housing sentiment less optimistic in OctoberOpen in a New Window

Americans were less optimistic about buying or selling homes during October. Read on for more details from the latest Fannie Mae Home Purchase Sentiment Index.

 

More than one-quarter of properties equity richOpen in a New Window

During the third quarter of 2018, nearly 14.5 million U.S. properties had a combined estimated amount of loans secured by the property that was 50 percent or less of the property’s market value. Read on for more details.

 

Stewart announces leadership changesOpen in a New Window

Even as Stewart Information Services Corp. awaits approval of its acquisition by Fidelity National Financial, Inc., the company continues to make leadership changes. The company’s latest change results from the announced retirement of its president.

 

Black Knight acquires closing fee providerOpen in a New Window

Black Knight, Inc. has acquired a leading provider of technology and closing cost data for the real estate and home finance industries. Read on to learn more about Black Knight’s latest acquisition.

 

Realogy’s treasurer and CFO retiresOpen in a New Window

Realogy Holdings Corp.’s Chief Financial Officer and Treasurer Anthony Hull has retired. Read on to learn who will assume Hull’s duties.

 

Percentage of vacant homes declined in third quarterOpen in a New Window

The third-quarter number of vacant, single-family homes and condos was down slightly from one year ago. Read on for more details from ATTOM Data Solutions’ 2018 Vacant Property and Zombie Foreclosure Report.

 

Counsellors Title hires title producerOpen in a New Window

New Jersey-based Counsellors Title Agency, Inc. has hired an employee with more than 20 years’ experience in the title industry. Read on for more details.

 

ResWare adds On-TracOpen in a New Window

Adeptive Software has added First Banking Services' On-Trac to its ResWare title and escrow software. Read on for more details.

 

Split government back in placeOpen in a New Window

The reign of Republican control over both branches of Congress and the White House in Washington will last two years, as voters across the country assured there would be split government by overwhelmingly voting for House Democrats.

 

Fidelity’s third-quarter revenue improvesOpen in a New Window

A significant increase in its third-quarter fee-per-file helped Fidelity National Financial, Inc. (FNF) post a modest increase in total title revenue, according to the company’s latest earning statement. Read on for that update and more details from FNF’s latest earnings report.

 

Alliant partners with CloudstarOpen in a New Window

Alliant National Title Insurance Co. and Cloudstar have agreed to a strategic partnership that will provide Alliant’s independent title agents with access to advanced cybersecurity technology solutions, the companies announced. Read on to learn what executives from both companies had to say about the partnership.

 

Old Republic names associate directorOpen in a New Window

Old Republic Title has named an associate director of its National Commercial Title Services. Read on for more details.

 

ALTA policy director to add dutiesOpen in a New Window

The American Land Title Association said its director of public policy will assume additional responsibilities. Read on for more details.

 

Counsellors Title adds to sales forceOpen in a New Window

Counsellors Title Agency, Inc. has added to its sales force of licensed title producers. Read on for more details.

 

Old Republic’s third-quarter profits soarOpen in a New Window

Old Republic International Corp. said tax reform and a new accounting standard helped boost its third-quarter bottom line. Read on for details from Old Republic’s latest earning statement.

 

Fed regions report modest to moderate growthOpen in a New Window

Economic activity expanded across the United States through October, with the majority of Federal Reserve districts reporting modest to moderate growth, according to the latest Beige Book. Read on for more details from the Fed’s latest Beige Book.

 

Pennsylvania mortgage company names CEOOpen in a New Window

A community-based mortgage company in Pennsylvania that primarily does business in Philadelphia, Bucks, Montgomery, Chester, Delaware, Lehigh, Berks and Lancaster counties has named a new CEO. Read on to learn what the new CEO has identified as the mortgage company’s top priority.

 

The most active REO marketsOpen in a New Window

A report by a leading online real estate marketing platform found the south had the most active REO markets in 2017. Read on for more details from that report.

 

TitleWave expands teamOpen in a New Window

TitleWave Real Estate Solutions has expanded its team with the addition of two seasoned title industry veterans. Read on for more details.

 

Freddie: Rising interest rates discouraged buyersOpen in a New Window

Rising interest rates coupled with increasing home prices discouraged home buying activity during the third quarter. Read on for details from Freddie Mac’s latest forecast.

 

First American reports huge profits in slowing marketOpen in a New Window

An increase in commercial revenue and investment income helped First American Financial Corp. (FAF) produce a huge increase in third-quarter profits but only a slight improvement in overall revenue, according to the company’s latest earning statement. Read on for more details from FAF’s latest earnings report.

 

Iberiabank title revenue up, title agency acquisition announcedOpen in a New Window

Iberiabank Corp., whose holdings include nearly 30 title insurance offices, reported a double-digit increase in title revenues during the third quarter, according to the company’s latest earnings statement. Read on for more details from Iberia’s third-quarter earnings report.

 

Fairway Mortgage adds eClosing solutionOpen in a New Window

Fairway Independent Mortgage Corp. is offering customers digital closings through a platform it calls Fairway Express Close, the company announced. Read on to learn what two Fairway branch managers had to say about the eClosing platform.

 

SoftPro integrates AmeristarOpen in a New Window

SoftPro has integrated Ameristar’s title reports directly into its business exchange platform. Read on for more details.

 

Loan defects trending upOpen in a New Window

The frequency of defects, fraudulence and misrepresentation in mortgage loan applications in September increased by 1.3 percent compared with August. Read on for more details from the latest First American Loan Application Defect Index.

 

QRL Financial links with DocMagicOpen in a New Window

QRL Financial Services (QRL) will leverage DocMagic, Inc.’s eVault technology to purchase eNotes. Read on for more details.

 

Stewart’s profits climb 60 percentOpen in a New Window

Despite a double-digit drop in both opened and closed orders, an increase in its fee-per-file for both residential and commercial transactions helped Stewart Information Services Corp. achieve a 60 percent increase in third-quarter profits. Read on to learn what Morris had to say about Stewart’s third-quarter results and the progress of the Fidelity deal.

 

Lennar subsidiary agrees to settlementOpen in a New Window

A mortgage company which is a subsidiary of Lennar Corp. has agreed to pay $13.2 million to settle claims it violated the federal False Claims Act by falsely certifying it complied with FHA insurance requirements regarding certain loans. Read on for more details.

 

Record number of small-business owners hiking payOpen in a New Window

To attract qualified workers, a record percentage of small-business owners reported raising overall compensation levels, according to a report by the National Federation of Independent Businesses (NFIB). Read on for more details from NFIB’s latest report.

 

Southern Title expands production teamOpen in a New Window

Southern Title has changed its title production team with a promotion and an addition. Read on for more details.

 

Home price appreciation slowed in quarterOpen in a New Window

Home price appreciation during the third quarter was the slowest pace since the second quarter of 2016. Read on for more details from ATTOM Data Solutions’ Q3 2018 U.S. Home Sales Report.

 

AmTrust hosting real estate summitOpen in a New Window

AmTrust Title Insurance Co. will host its 2nd annual real estate summit Nov. 7 in New York. Read on for more details.

 

NextAce still growing as it reaches milestone orderOpen in a New Window

After processing its 10 millionth order and celebrating 15 years in business, NextAce President and CEO Don Cantral told The Title Report the best is yet to come for the company.Read on learn more of what Cantral had to say.

 

Survey: Businesses using search data to target consumersOpen in a New Window

A recent data privacy survey from an information security and risk management consultancy reveals that nine out of 10 U.S. companies use personal information from search results as part of their marketing strategies. Read on to learn more of what the survey found.

 

Qualia launches eSignature productOpen in a New Window

Qualia has released what it is calling the title and escrow industry’s first electronic signature product built specifically for title, escrow and closing software. Read on for more details.

 

NotaryCam hires executive vice presidentOpen in a New Window

NotaryCam has hired a digital mortgage specialist to serve as its executive vice president of marketing and business development. Read on to learn who was selected.

 

Redfin: Homes staying on market longerOpen in a New Window

The hottest housing markets during the spring cooled off considerably during September when it comes to time listed on the market. Read on for more details from an analysis by Redfin.

 

Percentage of closed loans increased in SeptemberOpen in a New Window

The average 30-year interest rate for all loans during September decreased for the first time in 2018. Read on for more details from Ellie Mae’s latest Origination Insight Report.

 

A.M. Best: Trade war could hamper industry’s growthOpen in a New Window

A new report from A.M. Best details how the title industry has benefited from a burgeoning U.S. economy in recent years, but said the sustainability of the country’s economic growth is uncertain and potentially threatens the industry’s future results. Read on to learn what other key factor A.M. Best believes might slow economic growth during the second half of 2018.

 

FTC releases new cybersecurity toolsOpen in a New Window

As part of National Cybersecurity Awareness Month, the Federal Trade Commission is offering new cybersecurity resources for small businesses. Read on to learn how to get these free materials.

 

DocuSign launches digital rooms for mortgagesOpen in a New Window

DocuSign recently announced the beta launch of its DocuSign Rooms for Mortgage, which it said delivers a digital environment for the borrower, lender and settlement agent. DocuSign said the new product leverages its broader suite of solutions for digital closings, including eSignature, eNotary, eNote and eVault.

 

American Property Guard integrated into ResWareOpen in a New Window

Adeptive Software has integrated American Property Guard’s tax and homeowner’s association information retrieval into its ResWare software. Read on for more details.

 

Weichert names president of real estate servicesOpen in a New Window

Real estate brokerage Weichert recently named a president of its real estate services. Read on to learn who was selected.

 

State Capital launches new search websiteOpen in a New Window

New Jersey-based State Capital has launched a new website designed to provide title, legal and lending professionals the most technologically advanced public records search and online ordering methods available, the company announced. Read on for more details.

 

Atlanta title agency creating new abstracting applicationOpen in a New Window

An Atlanta-based title company has partnered with an enterprise-ready, Blockchain-secured platform to create a new abstracting application designed to provide an efficient platform for closing real estate deals, the companies announced. The two companies will announce the public availability of the new abstracting application at a later date.

 

CertifID increases transaction guarantee to $1 millionOpen in a New Window

CertifID has increased the transaction guarantee on its wire fraud prevention platform to up to $1 million in losses, the company announced. CertifID said the increased coverage provides its customers with higher protection for commercial transactions and higher-value residential real estate markets.

 

Norcom Mortgage selects PavasoOpen in a New Window

Norcom Mortgage, the largest independent purchase mortgage lender in Connecticut, has selected Pavaso’s closing platform to facilitate its eClosings, the companies announced. Norcom Mortgage’s electronic mortgage closings process “Swift Sign” now is available through Pavaso’s platform.

 

ResWare integrates RMailOpen in a New Window

Adeptive Software has integrated RPost’s email cybersecurity software services directly within ResWare. Read on for more details.

 

NATC appoints Texas presidentOpen in a New Window

North American Title Co. has named a president of its Texas division. Read on for more details.

 

ePN adds Ohio county to its networkOpen in a New Window

eRecording Partners Network recently added a county in Ohio to its eRecording network. Read on for more details.

 

California escrow company accepting BitcoinsOpen in a New Window

An independent escrow company in California has started accepting cryptocurrency as payment. The company said it made the decision to accept cryptocurrency because of the increasing number of homes on the market that are accepting Bitcoin as a form of payment.

 

Westcor agent conducts remote closing in OhioOpen in a New Window

One of Westcor Land Title Insurance Co.’s Ohio-based agents recently closed the company’s first remote online notarized transaction in the Buckeye State. Read on to learn which title agency was involved in the eClosing.

 

First American launches eClosing solutionOpen in a New Window

First American Mortgage Solutions, LLC has launched an eClosing solution designed to securely deliver digital settlement for digital mortgages. Read on for more details about First American’s eClosing solution.

 

Investors Title adds underwriting counselOpen in a New Window

Investors Title Insurance Co. has hired a Southeast underwriting counsel. Read on for more details.

 

Third-quarter foreclosures declineOpen in a New Window

Third-quarter foreclosure filings dropped to the lowest level since the fourth quarter of 2005. Read on for more details from ATTOM Data Solutions’ Q3 2018 U.S. Foreclosure Market Report.

 

NATC names division managerOpen in a New Window

North American Title Co. has named a division manager for Alameda, Contra Costa and Solano counties in California. Read on for more details.

 

New ALTA president ‘humbled’ by opportunityOpen in a New Window

The American Land Title Association’s (ALTA) new president is proud to be the first from South Carolina and wants to better connect the association’s members with the resources available to them. Read on to find out more of what the new president told The Title Report at this year’s ALTA One Conference in Los Angeles.

 

DocMagic, New Jersey firm launch eClosing training programOpen in a New Window

A New Jersey-based data intelligence and vendor management firm has teamed with DocMagic, Inc. to develop and host an online training program on conducting compliant and paperless eClosings, the companies announced. Read on for more details.

 

The Closing Exchange launches signing services platformOpen in a New Window

The Closing Exchange has launched a new patent-pending signing services platform that provides a flexible, highly-integrated system designed to transform the customer experience. Read on to learn what The Closing Exchange CEO Alan Frelix had to say about the company’s latest offering.

 

Redfin hires chief economistOpen in a New Window

Redfin’s new chief economist was a former senior behavioral economist at Amazon. Read on for more details.

 

Freddie Mac approves LoanCare as eNote servicerOpen in a New Window

Freddie Mac has approved LoanCare as the first subservicer to begin servicing eNotes through its own eVault. Read on for more details.

 

ComplianceEase adds vice presidentOpen in a New Window

ComplianceEase has named a vice president of product management. Read on for more details.

 

Finance professionals top target for cybercriminalsOpen in a New Window

New research indicates that some companies inadvertently are making it easy for cybercriminals by improperly backing up their email archives. The report said finance professionals are at the top of cybercriminals’ target lists.

 

AmTrust teams up with CertifIDOpen in a New Window

AmTrust Title announced it will partner with CertifID and will cover the costs associated with the transactional use of CertifID for its network of title agents, nationally. CertifID allows title agencies to securely send and confirm wiring instructions and guarantees each wire up to $1 million.

 

Silk Title moves toward digital closingsOpen in a New Window

Silk Title & Escrow announced it will collaborate with Wyndham Capital Mortgage and Notarize to bring fully digital closings to its clients.

 

First American report finds affordability declinesOpen in a New Window

First American Financial announced that consumer homebuying power declined from a year ago as affordability in a rising interest rate environment continues to be a concern.

 

Millennial conventional loans at three-year highOpen in a New Window

Millennial homebuyers turned to conventional purchase loans in August at the highest rate in three years, according to Ellie Mae’s Millennial Tracker.

 

ICE buys up remainder of MERSOpen in a New Window

Two years after acquiring a majority interest in MERSCORP Holding, the Intercontinental Exchange, Inc. (ICE) announced it purchased the remainder of the company.

 

LenderLive rebrands; reQuire maintains identityOpen in a New Window

LenderLive will take on a new name through a rebranding of the company, but reQuire will keep its branding moving forward, the company announced. Covius Holdings will become the new name for LenderLive. Covius Services President Pete Pannes discussed the changes with The Title Report.

 

NATIC launches new policy applications systemOpen in a New Window

North American Title Insurance Co. has launched a new policy applications system within its agent portal, the company announced.

 

Qualia touts ‘first of kind’ integration with EncompassOpen in a New Window

Qualia has announced an integration with Ellie Mae’s Encompass digital mortgage solution that it said is the mortgage industry’s first two-way integration with a title, escrow and closing software.

 

LenderClose adds technology directorOpen in a New Window

LenderClose announced that the company has hired a director of technology.

 

RynohLive unveils redesigned user interfaceOpen in a New Window

RynohLive recently unveiled a redesigned user interface that has an updated look and select system enhancements.

 

Report: Homes least affordable in a decadeOpen in a New Window

U.S. home prices in the third quarter were at the least affordable level since the third quarter of 2008, according to ATTOM Data Solutions’ Q3 2018 U.S. Home Affordability Report.

 

Credit union offering commercial eClosingsOpen in a New Window

A credit union is partnering with Pavaso to offer eClosings on commercial loans. Read on for more details.

 

The Title Report live as ALTA One underwayOpen in a New Window

Hundreds of title industry participants are convening this week at the American Land Title Association’s ALTA One Conference at the JW Marriott at LA Live in Los Angeles. The Title Report is on site for all the latest. Read on for more details.

 

WFG adds senior vice presidentOpen in a New Window

WFG National Title has hired a senior vice president of national business development. Read on for more details.

 

DocMagic integrates NotaryCamOpen in a New Window

DocMagic, Inc. has integrated NotaryCam’s remote service into its eClose platform. Read on for more details.

 

AmTrust adds Carolinas agency groupOpen in a New Window

AmTrust Title Insurance Co. has expanded its professional team in the Southeast by adding a Carolinas agency group. Read on for more details.

 

Stewart continues acquisition spreeOpen in a New Window

Less than one month after announcing its acquisition of a Tennessee-based title and escrow company, Stewart has purchased the assets of a Texas title agency. Read on learn more about this latest acquisition.

 

NATC links with Pavaso’s eClosing platformOpen in a New Window

North American Title Co. (NATC) has connected its agents to Pavaso’s eClosing platform to assist its lender customers who are on the platform, the companies announced. Read on for more details.

 

Alliant National, Qualia partnerOpen in a New Window

Alliant National Title Insurance Co.’s policies, closing protection letters and rate calculation have been integrated within Qualia’s title, escrow and closing software platform, the companies announced. Read on to learn what the CEOs of both companies had to say about the integration.

 

Simplifile adds 29 jurisdictionsOpen in a New Window

Simplifile has added 29 recording jurisdictions in six states throughout the southeastern U.S. to its eRecording network. Read on for more details.

 

NAR announces senior management changesOpen in a New Window

The National Association of Realtors has announced changes to its senior management team. Read on for more details.

 

Foreclosures rose in August from previous monthOpen in a New Window

One in every 1,910 U.S. properties had a foreclosure filing in August 2018. Read on for more details from the latest ATTOM Data Solutions Foreclosure Activity Report.

 

Old Republic acquires software providerOpen in a New Window

Old Republic Title has acquired a New Hampshire-based software applications and systems development company that provides cutting-edge, cloud-based title and closing software for small and mid-size title insurance agencies. Read on for more details about Old Republic’s latest acquisition.

 

LexisNexis: Fraud costs increase nearly 10 percentOpen in a New Window

Financial services companies incur nearly $3 in costs for every dollar of fraud, according to a recently released report from LexisNexis Risk Solutions. Read on for more details from the LexisNexis report, which surveyed 175 executives in financial services companies across the country.

 

Res/Title chooses Pavaso’s eClosing platformOpen in a New Window

Res/Title has selected Pavaso’s platform through which to offer comprehensive paperless, digital closings to its clients, the companies announced. Read on for more details about the step Res/Title is taking toward offering eClosings.

 

Agents National appoints Texas managerOpen in a New Window

Agents National Title Insurance Co. has appointed a Texas agency manager. Read on for details.

 

ResWare integrates CertifIDOpen in a New Window

A new integration will enable ResWare users to access CertifID’s management platform for wire fraud prevention. Read on for more details.

 

AmTrust supplements Florida staffOpen in a New Window

AmTrust Title Insurance Co. has hired a real estate attorney as a sales representative/counsel based in Florida. Read on for more details.

 

System slow? You might be hackedOpen in a New Window

A new report from McAfee spotlights a surge in crypto mining malware that began during the fourth quarter of last year and continued through the first half of 2018. Read on for more details from McAfee’s latest report.

 

Economists: Job gains neutralizing interest hikesOpen in a New Window

The Federal Reserve’s Board decision to raise short-term interest rates for the third time this year is not likely to derail the housing market, as jobs gained in the strengthening economy are neutralizing rate hikes, according to some economists. Read on to learn more of what the economists are saying about the latest rate hike.

 

SoftPro integrates Attorneys TitleOpen in a New Window

SoftPro has integrated Attorney Title Guaranty Fund, Inc. (ATGF) into its business exchange platform, the companies announced.The integration will enable mutual clients to generate ATGF closing protection letters, commitments and policies from within SoftPro’s platform. Read on for more details.

 

Record number of home sellers drop listing priceOpen in a New Window

The percentage of home sellers who reduced their price during a four-week period ending Sept. 16 is the highest level on record since 2010. Read on for more details from Redfin’s analysis.

 

Stewart names director of client learningOpen in a New Window

Stewart Title has appointed an underwriting counsel and director of client learning to support independent agents in the Southeast. Read on for more details.

 

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