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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.


 

 

Movement Mortgage acquires Eagle HomeOpen in a New Window

Movement Mortgage has expanded its reach in the Pacific Northwest and Mountain West markets with its acquisition of Eagle Home Mortgage. Terms of the deal were not disclosed. Read on to learn when the acquisition is scheduled to close.

 

Two Ohio title agencies mergeOpen in a New Window

Ohio title agencies TransCounty Title Agency and All Ohio Title Agency have merged. Both companies are either owned or partially owned by Heartland BancCorp. Read on to learn what the chairman and CEO of Heartland had to say about the merger.

 

LOGS Network hires chief revenue officerOpen in a New Window

National title and closing services provider LOGS Network has appointed a chief revenue officer who will be responsible for managing the company’s national sales, marketing and business development efforts. Read on to learn who LOGS appointed to serve as chief revenue officer.

 

Property Debt Research hires HR directorOpen in a New Window

Fort Myers, Fla.-based Property Debt Research has hired a new director of human resources and an Ohio contractor. Read on for more details.

 

ClosingCorp launches SmartEngine for LendersOpen in a New Window

ClosingCorp has launched a software-as-a-service enterprise solution designed for larger, multi-channel lenders. Read on for more details.

 

Motto Mortgage expands in Buckeye StateOpen in a New Window

The mortgage brokerage franchise Motto Mortgage has expanded in Ohio with the opening of Motto Mortgage NEO. Read on for more details.

 

Equity National, DCU complete RON eClosingOpen in a New Window

Equity National Title and Digital Federal Credit Union (DCU) recently completed their first remote notary-enabled eClosing, the companies announced. Read on for more details.

 

Florida Title and Guarantee part of larger acquisitionOpen in a New Window

HomeServices of America, Inc. has acquired Berkshire Hathaway HomeServices Florida Realty and its affiliated title company, Florida Title and Guarantee Agency. Read on to learn who will oversee the day-to-day operations of HomeServices Florida Realty.

 

WACO Title expands footprintOpen in a New Window

With the recent opening of its second location in Bentonville, Ark., WACO Title now has 24 locations throughout Arkansas and Missouri. Read on to learn who will lead the new office.

 

Guaranteed Rate hires senior vice presidentOpen in a New Window

Guaranteed Rate has hired an industry veteran to serve as senior vice president of strategic growth for Guaranteed Rate Affinity. Read on for more details.

 

ServiceMac selects ServiceLink’s EXOS platformOpen in a New Window

ServiceMac has selected ServiceLink’s EXOS servicing platform as its consumer digital solution. Read on for more details.

 

LenderClose adds five associatesOpen in a New Window

LenderClose recently added five new members to its team. Read on for more details.

 

Foundation Title acquires Pennsylvania firmOpen in a New Window

A full-service title insurance and settlement services agency that primarily services New Jersey, Pennsylvania and New York has acquired a title agency in Pennsylvania. Read on for more information about the acquired company.

 

Stewart names SVP, lender servicesOpen in a New Window

Stewart Title has named a senior vice president, lender services who has more than 20 years of combined financial and real estate service industry experience. Read on to learn who Stewart promoted.

 

Ohio’s largest title agent selects SafeChainOpen in a New Window

The largest title agent in Ohio has selected SafeChain’s technology solution to secure its real estate wire transactions, both companies announced. Read on for more details about the services SafeChain will provide for the agency.

 

Renting more affordable than buying in most countiesOpen in a New Window

Renting a three-bedroom property is more affordable than buying a median-priced home in 59 percent of U.S. counties. Read on for more details from ATTOM Data Solutions’ 2019 Rental Affordability Report.

 

Real adds regional growth leadersOpen in a New Window

The technology-connection real estate brokerage Real has hired two regional growth leaders to accelerate the company’s agent growth. Read on for more details.

 

Americans’ housing confidence declinesOpen in a New Window

The percentage of Americans who said December was a good time to buy a home declined 12 percentage points. Read on for more details from the latest Fannie Mae Home Purchase Sentiment Index.

 

ATTOM Data Solutions soldOpen in a New Window

ATTOM Data Solutions has been acquired by a private equity firm specializing in financial and related business services companies, the companies announced.Read on for more details about the acquisition.

 

First American names leader of direct title operationsOpen in a New Window

First American Title Insurance Co. has selected a company veteran who is a former president of the Arizona State Escrow Association to lead its direct operations. Read on to learn who First American promoted.

 

Report: Government shutdown disruptive for housing marketOpen in a New Window

A new report from Zillow said the shutdown of the federal government will have a wide-ranging effect on the housing market, as unpaid workers struggle to pay mortgages and rent. Read on for more detail from Zillow’s research.

 

Younger consumers favor stocks over real estateOpen in a New Window

Less than half of homebuyers and sellers between the ages of 35 and 44 believe real estate is a better long-term investment than the stock market. Read on for more details from Redfin’s latest survey.

 

loanDepot names executive vice presidentOpen in a New Window

loanDepot recently added an executive vice president to its leadership team. Read on for more details.

 

Dip in interest rates increases refinanceable populationOpen in a New Window

The dip in mortgage interest rates during December increased the number of homeowners who could likely qualify for refinances and see at least a 0.75 percent interest rate reduction by approximately 550,000.

 

Nebraska title agency soldOpen in a New Window

A Nebraska title agency has been sold as part of a larger acquisition of a homebuilder by Hubbell Realty, the companies announced. Read on to learn what the principals involved in the deal had to say.

 

IBM agrees to sell mortgage servicing unitOpen in a New Window

Mr. Cooper Group Inc. has agreed to acquire servicing rights underlying $24 billion in GSE mortgages, to enter into a subservicing contract for an additional $24 billion in mortgages, and to purchase the Seterus mortgage servicing platform from IBM. Read on for more details about the acquisitions.

 

CATIC appoints new CFOOpen in a New Window

CATIC has hired an industry veteran with nearly two decades of experience in the financial services industry to become its new chief financial officer (CFO). Read on for more details about the new CFO.

 

SoftPro integrates A.S.K.Open in a New Window

SoftPro has integrated A.S.K. Services Inc.’s title production services into the SoftPro 360 business exchange platform. Read on for more details.

 

LoanLogics hires senior vice presidentOpen in a New Window

LoanLogics has hired a veteran mortgage technology executive to serve as its senior vice president of product management. Read on for more details.

 

Mortgage lenders cite less demand for loansOpen in a New Window

The profit outlook for mortgage lenders fell for the ninth consecutive quarter in the final three months of 2018 because of a decline in demand for loans to buy homes and refinance existing mortgages. Read on for more details from Fannie Mae’s latest survey.

 

Wyoming county creating land records BlockchainOpen in a New Window

A Blockchain subsidiary has signed a memorandum of understanding with a county in Wyoming to develop a Blockchain-based land records and information platform. Read on for more information about the proposed Blockchain.

 

MiT acquired by Newmark Knight FrankOpen in a New Window

The full-service commercial real estate services business Newmark Knight Frank has acquired MiT, a national title agency based in New York, the title agency announced. Read on for more details about the acquisition.

 

Report: Nonemployer firms struggling to meet funding needsOpen in a New Window

A report from the Federal Reserve Banks of New York, Cleveland and Richmond found that a majority of nonemployer firms — small businesses with no employees other than the business owners — make less than $100,000 annually and use their own money to address financial challenges.

 

ServiceMac selects Black KnightOpen in a New Window

ServiceMac has selected Black Knight’s MSP system to support the company’s mortgage servicing needs. Read on for more details.

 

Fannie names new board chairOpen in a New Window

Fannie Mae announced that Jonathan Plutzik has succeeded Egbert Perry as chair of its board of directors. Read on for more details.

 

New American hires loan originatorOpen in a New Window

New American Funding has hired a loan originator for its Cedar Rapids, Iowa, area. Read on for more details.

 

Louisiana LTA elects new board, officersOpen in a New Window

At its annual convention in New Orleans in December, the Louisiana Land Title Association elected its board of directors and officers for 2019. Read on for the details.

 

Title agency’s parent company acquiredOpen in a New Window

A multistate residential mortgage lender based in Massachusetts is poised to expand with its acquisition of a direct-to-consumer lender also located in the commonwealth. The acquired company owns a national closing title company. Read on for more details about the acquisition.

 

Washington title agency soldOpen in a New Window

Washington-based Kitsap Title, LLC has acquired Mason County Title Co., the companies announced. Terms of the deal were not disclosed. Read on for more details about the purchase of the 27-year-old company run by a third-generation family of title insurers.

 

LenderLive unit acquisition completedOpen in a New Window

Computershare Loan Services (CLS) has completed its acquisition of LenderLive Financial Services, LLC and its operating subsidiary LenderLive Network, LLC. Read on for more details about the unit acquisition.

 

Home price increases outpacing income growthOpen in a New Window

For the second consecutive month, all three key drivers of First American’s Real House Price Index increased compared with a year ago. Read on for more details.

 

Howard Hanna names sales directorOpen in a New Window

Howard Hanna Real Estate has named a new sales director for its Norwin, Pa., office. Read on for more details.

 

Fairway Independent adds branch sales managerOpen in a New Window

Fairway Independent Mortgage Corp. has hired a branch sales manager in the Los Angeles area. Read on for more details.

 

Blockchain platform launches lien-alert systemOpen in a New Window

A company that touts its system as the first enterprise-ready, Blockchain-secured platform for real estate and title recordkeeping has launched a monitoring suite that allows lenders to be alerted to liens placed against them. Read on for more details about the lien-alert system.

 

Black Knight, Quicken Loans extend contractOpen in a New Window

Quicken Loans, the nation’s largest home mortgage lender, has signed a contract extension to continue using Black Knight’s LoanSphere MSP, the companies announced. Read on for more information about the contract extension.

 

ARMs originations hit record highOpen in a New Window

The percentage of adjustable rate mortgages in November reached its highest level since Ellie Mae began tracking data in 2011. Read on for more details from Ellie Mae’s latest report.

 

Home affordability hits 10-year lowOpen in a New Window

The U.S. median home price in the fourth quarter was at the least affordable level since the third quarter of 2008. Read on for more details from ATTOM Data Solutions’ Q4 2018 U.S. Home Affordability Report.

 

Homebuying sentiment declinesOpen in a New Window

A declining percentage of consumers thought the fourth quarter of 2018 was a good time to purchase a home, according to a survey by the National Association of Realtors. Read on for more details.

 

FEMA hears concerns, closings to resumeOpen in a New Window

A day after withering pressure from industry and legislators came against ruling by the Federal Emergency Management Agency (FEMA), the agency reversed course, ending a policy that could have put as many as 1,400 home closings a day in jeopardy during the federal government shutdown.

 

States Title CEO: Why we acquired NATCOpen in a New Window

The combination of States Title and North American Title Co. (NATC) will create a technology driven company that uses predictive analytics to meet customer needs, according to States Title founder and CEO Max Simkoff. Read on to learn more about Simkoff’s vision.

 

DocMagic, SecurityNational launch eClosing platformOpen in a New Window

DocMagic, Inc. and SecurityNational Mortgage Corp. (SNMC) announced the successful launch of DocMagic’s Total eClose platform. Read on for more details.

 

Americans okay with digital monitoring to prevent cyber threatsOpen in a New Window

A majority of Americans believe it’s acceptable for organizations to conduct user digital activity and behavior monitoring to provide defense against threats and breaches, according to the Dtex 2018 Privacy & Cybersecurity Index. Read on for more details from the index.

 

Ellie Mae adds senior vice presidentOpen in a New Window

Ellie Mae has hired a senior vice president of enterprise sales. Read on for more details.

 

Encompass adds enhancementsOpen in a New Window

Ellie Mae has enhanced its Encompass Consumer Connect with the addition of identity, employment and income verification. Read on for more details.

 

Proper Title expands teamOpen in a New Window

Proper Title, LLC recently announced three new hires and one new promotion. Read on for more details.

 

7 predictions for 2019’s housing marketOpen in a New Window

The housing market will continue to cool in 2019, as homeownership rates rise and interest rates inch up, according to a new report from real estate brokerage Redfin. Read on to learn more about what Redfin foresees for 2019.

 

CFPB by any other nameOpen in a New Window

In one of her first moves at the helm of the Consumer Financial Protection Bureau, Director Kathy Kraninger brought to a halt a costly rebranding of the agency. Read on to learn more of what Kraninger had to say about the controversial name-change initiative.

 

New American Funding acquires mortgage companyOpen in a New Window

New American Funding has acquired Minnesota-based Marketplace Home Mortgage, the companies announced. Terms of the deal were not disclosed. Read on for more details about the acquisition.

 

Fidelity fills two counsel positionsOpen in a New Window

Fidelity National Title Group’s New Jersey Agency Operations has filled its New Jersey counsel and regional counsel positions. Read on for more details.

 

Median home price increased in NovemberOpen in a New Window

Home sales in November declined in 65 of the 74 largest metro areas. Read on for more details from Redfin’s report.

 

ResWare integrates CloseSimpleOpen in a New Window

Adeptive Software has integrated CloseSimple’s company-branded emails into its ResWare platform. Read on for more details.

 

Industry enjoys most profitable third quarter since 2009Open in a New Window

The title industry generated increased premiums and paid less in claims during the third quarter of 2018, according to the American Land Title Association’s (ALTA) latest Market Share Analysis. Read on to learn which states have generated the largest title volumes through the first nine months of the year.

 

Bitcoin platform forms partnership with escrow agentsOpen in a New Window

A protected Bitcoin escrow business and platform that provides secured escrow wallet features for any transaction has formed partnerships with two escrow agents, the company announced. Read on for more details about the plan and the title company involved.

 

Keller Williams acquires Memphis RealtorOpen in a New Window

Keller Williams (KW) said its acquisition of a Tennessee Realtor will create one of the largest real estate brokerages in the Mid-South, with more than 300 agents. Read on to learn which Realtor was acquired and why KW believes the added company is a good fit.

 

Proper Title promotes two vice presidentsOpen in a New Window

Palatine, Ill.-based Proper Title, LLC has named two vice presidents of business development and a training and development manager. Read on for more details.

 

Refinances plummet to lowest-recorded levelOpen in a New Window

The dollar volume generated by refinance mortgages originated in the third quarter dipped to the lowest level since data became available in 2000. Read on for more details.

 

Americans more optimistic about housing marketOpen in a New Window

Fueled by an increase in the percentage of Americans reporting higher incomes, the Fannie Mae Home Purchase Sentiment Index rose slightly in November. Read on for more details.

 

Stewart, NotaryCam make Virginia historyOpen in a New Window

NotaryCam and Stewart Title recently completed the first remote online closing (ROC) for a purchase and sale transaction in Virginia. Read on for more details.

 

Berkshire Hills acquires SI FinancialOpen in a New Window

The parent company of Berkshire Bank has agreed to acquire SI Financial Group, Inc. in an all-stock transaction valued at $180 million, the companies announced. Read on for more details about the acquisition.

 

Luxury brokerage names first CEOOpen in a New Window

A luxury real estate firm with offices in New York, The Hamptons, Palm Beach, and Miami has named its first CEO. Read on to learn more about the background of the new CEO.

 

Millennials face higher rates, lower loan amountsOpen in a New Window

During the month of October, millennials faced higher interest rates and lower loan amounts. Read on for more details from the latest Ellie Mae Millennial Tracker.

 

Housing bidding wars decreasingOpen in a New Window

The percentage of Redfin offers that face one or more competing bids declined during November. Read on for more details.

 

Freddie: Inadequate supply restricting marketOpen in a New Window

According to Freddie Mac, at least 50,000 American households each year can’t buy or rent a home because it hasn’t been built. Read on for more insights from Freddie Mac.

 

Inside First American’s BlockchainOpen in a New Window

First American Financial Corp. (FAF) made big news recently by announcing its launch of a shared Blockchain system designed to increase efficiency, reduce risk and improve the title production process. The Title Report spoke with Chris Leavell, First American Title Insurance Co.’s chief operating officer, to learn more about the Blockchain.

 

Old Republic announces executive changes to PMAOpen in a New Window

Old Republic International Corp.’s Board of Directors has approved several senior management appointments at its PMA Companies business. Old Republic said the appointments, effective Jan. 1, are in harmony with its normally occurring management of executive succession throughout Old Republic's holding company system.

 

Gateway Mortgage Group names chief risk officerOpen in a New Window

Gateway Mortgage Group has hired a former managing director with Everett Advisory Partners as its new chief risk officer, the company announced. Read on for more details about the hire.

 

The Closing Exchange completes Best Practices reviewOpen in a New Window

The Closing Exchange has successful completed its American Land Title Association Best Practices review. Read on for more details.

 

Tavant integrates DocutechOpen in a New Window

Tavant has integrated Docutech’s document, eSign, eClose, and print fulfillment technology into its digital platform. Read on for more details.

 

Title Junction hires escrow officerOpen in a New Window

Florida-based Title Junction has hired a new data processor/escrow officer. Read on for more details.

 

Real estate Blockchain set to launchOpen in a New Window

What is being touted as the first Blockchain-based real estate purchase and rental platform is set to launch in January. Read on to learn who is behind the effort and the other industries they hope to attract.

 

Texas bank launches eMortgagesOpen in a New Window

The parent company of Texas Capital Bank announced the launch of its eMortgages program. Read on to learn what the bank’s president had to say about the evolution of the mortgage industry.

 

LoyaltyExpress appoints CEOOpen in a New Window

LoyaltyExpress, a provider of cloud-based marketing automation, customer relationship management, and point of sale solutions for banks and mortgage companies, has appointed a CEO. Read on to learn who will lead the company’s strategic initiatives and growth.

 

Loan defects on the riseOpen in a New Window

The frequency of defects, fraud and misrepresentation submitted in mortgage loan applications increased during October. Read on for more details from the latest First American Loan Application Defect Index.


 

Title Alliance names Ohio operations managerOpen in a New Window

Title Alliance has selected someone to support managers throughout its five joint ventures across Ohio. Read on for more details.

 

Qualia integrates reQuireOpen in a New Window

Qualia has integrated reQuire’s suite of technology-enabled services into its real estate platform. Read on for more details.

 

Beige Book: Economy continuing to expandOpen in a New Window

In its final Beige Book of 2018, contacts from the Federal Reserve’s 12 districts reported regional economies expanding at a modest or moderate pace from mid-October through late November. Read on to learn more details from the Fed’s latest Beige Book.

 

House committee releases cybersecurity reportOpen in a New Window

The majority staff of the House Energy and Commerce Committee has released a cybersecurity report which identifies the root causes of cybersecurity issues and what organizations can do to strengthen their defenses. Read on for more details from the subcommittee’s report.

 

Tech-driven brokerage expands into MississippiOpen in a New Window

The technology-driven real estate brokerage Real has expanded into Mississippi, the company announced. Real, which now touts agents in 21 states and 96 markets, also hired an industry veteran with nearly two decades of experience to serve as its Mississippi state broker.

 

Southern Title expands teamOpen in a New Window

Southern Title has expanded its team with the addition of a controller and an executive assistant, the company announced. Read on for more details.

 

Builder confidence drops sharplyOpen in a New Window

Concerns about affordability of newly built single-family homes lowered the confidence of builders during November. Read on for more details from the latest National Association of Home Builders(NAHB)/Wells Fargo Housing Market Index.

 

SingleSource hires vice presidentOpen in a New Window

SingleSource Property Solutions has hired a vice president of people development. Read on for more details.

 

NATIC bought by States TitleOpen in a New Window

The eighth largest title company by market share has been sold. North American Title Insurance Co. and the majority of North American Title Co. (NATC) will be acquired by States Title Inc. The new company will keep the North American Title brand under combined leadership.

 

Kraninger confirmed as CFPB directorOpen in a New Window

With a vote along party lines, the U.S. Senate on Thursday confirmed Office of Management and Budget official Kathy Kraninger as the next director of the Consumer Financial Protection Bureau. Read on for more details.

 

Notarize, ResWare collaborate on Florida eClosingOpen in a New Window

Notarize, ResWare and Cottrell Title & Escrow recently collaborated on an eClosing the companies said was the first in southwest Florida. Read on for more details about the eClosing.

 

Michigan company first to use Black Knight’s mobile solutionOpen in a New Window

A Michigan-based mortgage company is the first client to use Black Knight, Inc.’s new mobile solution. Read on to learn what executives from both the mortgage company and Black Knight said about the new mobile solution.

 

Third-quarter flipping rate lowest in three yearsOpen in a New Window

The homes flipped during the third quarter represented 5 percent of all single family home and condo sales, down slightly from one year ago. Read on for more details from the ATTOM Data Solutions Q3 2018 U.S. Home Flipping Report.

 

Howard Hanna adds director of career developmentOpen in a New Window

Howard Hanna Real Estate Services has added a director of career development to its Ohio management team. Read on for more details.

 

Growth rate for luxury homes slowsOpen in a New Window

The third-quarter growth rate for luxury homes was the lowest growth rate since the fourth quarter of 2016. Read on for more details from Redfin’s latest report.

 

Predictions about the future of homebuyingOpen in a New Window

What will the homebuying process of the future look like? Notarize offers a glimpse of what’s possible/probable in “10 Predictions for the Future of Home Buying.” Read on to learn what industry insiders are predicting.

 

Digital lender expands into eight additional statesOpen in a New Window

A digital mortgage lender backed by Kleiner Perkins, Goldman Sachs, and Pinebrook has expanded into eight additional states. Read on to learn where the digital lender is doing business.

 

PLTA Partners