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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.


 

 

Stewart completes eClosing in MinnesotaOpen in a New Window

Stewart recently completed its first real estate eClosing in Minnesota, the company announced. Read on to learn what executives from both Stewart and Fairway had to say about working with each other.

 

TitleSmart expands commercial closing departmentOpen in a New Window

Minnesota-based TitleSmart, Inc. has expanded its Commercial Real Estate Closing Department and announced who will lead its commercial division. The executive selected to lead the company’s commercial operations has worked in the land title insurance industry since 1984. Read on for learn more.

 

BC Law selects Pavaso for eClosingsOpen in a New Window

Florida-based BC Law has selected Pavaso’s platform to conduct digital closings for its lender and agent clients, the company announced. Read on for more details about the partnership.

 

First American: Housing market continues to underperformOpen in a New Window

First American’s chief economist said the housing market continued to underperform during August. Read on for more information from the latest First American Potential Home Sales Model.

 

Homeowners migrating away from expensive citiesOpen in a New Window

People in San Francisco, New York and Los Angeles searched most often for homes in Phoenix, Las Vegas and Miami during the second quarter of 2018. Read on for more information from Redfin’s latest Migration Report.

 

First American Mortgage launches equiRiskOpen in a New Window

First American Mortgage Solutions, LLC has launched a user-friendly data information report designed to help lenders reduce risk, stay compliant, and accelerate closings. Read on for more details.

 

Beige Book: Low demand, inventories softening home salesOpen in a New Window

Home sales in many areas of the nation softened through August, spurred by both reduced demand and low inventories, according to the Federal Reserve’s latest Beige Book. Read on for more details from the Fed’s latest look at economic conditions across the country.

 

ALTA urges passage of GUIDE ActOpen in a New Window

The American Land Title Association is urging the full House to pass a bipartisan bill that would require the Consumer Financial Protection Bureau to issue useful guidance regarding the financial laws it regulates. Read on for more details about the bill.

 

Florida independent going social to reach clientsOpen in a New Window

An independent Florida title company is using a social media platform to stay connected with clients and to attract new ones. Read on to learn why the CEO believes Instagram is a great way to market his services.

 

Freddie approves Docutech’s eClose platformOpen in a New Window

Lenders now are able to use Docutech’s Solex eClose to originate and expedite delivery of eMortgages to the largest secondary loan purchasers. Read on for more details.

 

Markison Legacy Achievement Award recipient announcedOpen in a New Window

The Mortgage Bankers Association recently awarded its first annual Ken Markison Legacy Achievement Award. Read on to learn who received the award.

 

Mortgage Cadence integrates LoanBeamOpen in a New Window

A new integration helps Mortgage Cadence customers eliminate hours of manual document review, accelerate time to close, and provide systematic income calculation and verification for self-employed borrowers. Read on for more details.

 

Texas title company acquires three agenciesOpen in a New Window

A Texas-based title company which covers more than 100 counties in three states has added three additional companies to its roster. The acquired companies have title plants in 81 counties in Texas and nine in New Mexico.

 

HomePartners Title acquires Florida agencyOpen in a New Window

The in-house title company for South Florida-based The Keyes Co. has purchased another Florida title agency. Terms of HomePartners Title Services’ acquisition of Jupiter, Fla.-based Title Network Inc. were not disclosed.

 

Ernst offering fee calculator to title companiesOpen in a New Window

Ernst’s Smart Query fee calculator now is available to title and settlement companies on a white-labeled basis. Read on for more details.

 

Refinances drop to four-year lowOpen in a New Window

The number of second-quarter mortgage refinances was the lowest since the first quarter of 2014. Read on for more information from ATTOM Data Solutions’ Residential Property Loan Origination Report.

 

Stewart names sales managerOpen in a New Window

Stewart Title has named a sales manager to oversee its Oklahoma sales organization. Read on for more details.

 

Cook & James hires market developerOpen in a New Window

Atlanta-based Cook & James has hired a market developer. Read on for more details.

 

Title profits highest since 2002Open in a New Window

During the second quarter of 2018, the title industry produced its highest quarterly profits in 16 years, according to an analysis from the American Land Title Association (ALTA). Read on for more details from ALTA’s latest Market Share Analysis.

 

New Jersey agency expands through acquisitionOpen in a New Window

An independent title insurance company headquartered in Marlton, N.J., with19 locations serving New Jersey and Pennsylvania, has expanded with its acquisition of another agency in New Jersey. Read on to learn about the companies involved and what their executives had to say about the deal.

 

Qualia launches notary platformOpen in a New Window

Qualia has introduced a new platform that provides title and escrow agents with notary services from the company’s nationwide network of verified professional notaries. Read on to learn more about Qualia’s latest offering.

 

Home flipping ROIs dropOpen in a New Window

The home flipping ROI in the second quarter was the lowest in nearly four years. Read on for more details from ATTOM Data Solutions’ Q2 2018 U.S. Home Flipping Report.

 

Alliant National hires agency repOpen in a New Window

Alliant National Title Insurance Co. has hired an agency support representative for Alabama, Mississippi and Tennessee. Read on for more details.

 

CoreTitle hires vice presidentOpen in a New Window

CoreTitle LLC has hired a vice president for its Florida division. Read on for more details.

 

Fidelity partners with Blockchain startupOpen in a New Window

Fidelity National Title has formed a strategic alliance with the first real estate investment trust (REIT) in the U.S. to combine the tax advantages of investing in a REIT with Blockchain technology. Read on for more details about the alliance.

 

CATIC expands into Garden StateOpen in a New Window

CATIC Title Insurance Co. has expanded into the New Jersey title insurance market with the opening of an office in the central part of the state. Read on to learn who was hired to lead CATIC’s expansion into the Garden State.

 

Florida title agency launches closing appsOpen in a New Window

A Florida title agency has introduced a suite of mobile applications to streamline the real estate closing process, the company announced. Read on to learn which agency launched the apps.

 

SingleSource expands business development teamOpen in a New Window

SingleSource has expanded its business development team with the addition of two industry veterans. Read on for more details.

 

Griffith returns to StewartOpen in a New Window

Stewart has rehired an employee who previously spent 14 years with the company. Read on for more details.

 

Pavaso names EVPOpen in a New Window

Pavaso has recruited a well-known industry advocate for eNote, eMortgage and eWarehouse adoption. Read on for more details.

 

Stewart stockholders approve company’s saleOpen in a New Window

Less than one month after authorities in Canada signed off on the deal, Stewart Information Services Corp. announced that its stockholders have approved an agreement to sell the company to Fidelity National Financial, Inc. Read on to learn when the deal is expected to close.

 

Equity National launches transaction appOpen in a New Window

Equity National Title has launched a transaction management application which allows all parties to monitor the status of a real estate transaction in real time. Read on learn the things which can be done through the app.

 

Stewart acquires Tennessee title agencyOpen in a New Window

Even as it awaits federal approval of its sale to Fidelity National Financial, Inc., Stewart Information Services Corp. has continued making its own strategic acquisitions. Read on to learn which Tennessee title agency has become the newest member of the Stewart family.

 

Title First adds three employeesOpen in a New Window

Independent title agency Title First Agency, Inc. has added three members to its staff. Read on for more details.

 

Loan defects decreased in JulyOpen in a New Window

The frequency of defects, fraudulence and misrepresentation in mortgage loan applications decreased in July. Read on for more details from the latest First American Loan Application Defect Index.

 

CertifID adds AccuityOpen in a New Window

CertifID has added Accuity’s banking data to its identity platform for wire fraud prevention. Read on for more details.

 

Korsmo looks back before saying farewell to ALTAOpen in a New Window

As her last day at the American Land Title Association approached, Michelle Korsmo sat down with The Title Report one last time to reflect upon her seven-plus years as CEO and more than a decade of service with the association. Read on to learn what Kormso had to say about her time at ALTA.

 

Bank holding company acquires Ohio title agencyOpen in a New Window

An Ohio-based bank holding company has entered into an agreement to purchase a central Ohio title agency, the companies announced. Read on to learn what executives from both companies had to say about the acquisition.

 

SafeChain completes Blockchain recordationsOpen in a New Window

SafeChain recently facilitated the sale of 36 forfeiture properties via Blockchain. Read on to learn what both county officials and SafeChain executives had to say about the transactions.

 

GRS Title adds directorOpen in a New Window

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

 

ATTOM launches streamlined APIOpen in a New Window

ATTOM Data Solutions has launched a streamlined application program interface that consolidates its property-centric tax, deed, mortgage and foreclosure data with enhanced neighborhood-centric schools, crime, and other community and neighborhood data, the company announced. Read on for more details.

 

Title Junction hires marketing coordinatorOpen in a New Window

Title Junction has hired a social media/marketing coordinator. Read on for more details.

 

Title company parent gains $2 million investmentOpen in a New Window

An Austin, Texas, real estate firm which recently founded a title company has secured $2 million from an early stage venture capital firm. The real estate firm said the investment will be used to expand into additional markets and build out its recent affiliated title company startup.

 

Knight Barry acquires title companyOpen in a New Window

Knight Barry Title Group has expanded its reach with the acquisition of a title company in Janesville, Wis., the company announced. The acquired company previously was owned by Michael Vogel and Susan Vogel Flynn, who will assist with the transition prior to retiring.

 

Small-business optimism near 45-year highOpen in a New Window

The National Federation of Independent Business’ (NFIB) gauge of optimism among small-business owners neared a record high during July, the organization reported. NFIB said the July index set new records in terms of owners reporting job creation plans and those with job openings.

 

DoubleTime integrates with PropLogixOpen in a New Window

A new integration enables DoubleTime clients to order PropLogix’s municipal lien searches, association estoppels, surveys, and payoff tracking from within its closing software.

 

Weichert names VP of administration and human resourcesOpen in a New Window

The Weichert Family of Companies has promoted someone into its newly created position of senior vice president of administration and human resources.

 

TD Bank deploys EncompassOpen in a New Window

TD Bank said Encompass will streamline its origination and call center vendor integrations onto one platform, speed up deployment of new online products, and significantly reduce the bank’s loan cycle time.

 

RamQuest gives back to local teachersOpen in a New Window

As part of an ongoing initiative aimed at supporting local charities and other nonprofit organizations, RamQuest, Inc, a leading title and settlement solutions provider for the land title industry, and its employees teamed up to provide back-to-school support for Plano ISD teachers. The RamQuest Gives Back program provided more than 1,500 school supplies and volunteer time to Plano ISD’s CORE Store.

 

Exclusive: Breaking down title, settlement fees nationwideOpen in a New Window

In the first installment of an exclusive joint project between The Title Report and ClosingCorp, we examine title and settlement fees for each state, along with highlights from fees in core-based statistical areas and counties. Read on to find details of the data, the correlation between title and settlement fees, and how your company could take advantage of pricing opportunities.

 

NATC, Notarize complete digital closing in TexasOpen in a New Window

Notarize and Lennar Corp. subsidiaries Eagle Home Mortgage and North American Title Co. were all part of a fully digital mortgage closing in Texas. Read on to learn what each of the participants had to say.

 

Hudson United deploys Total Experts’ MOSOpen in a New Window

Hudson United Mortgage, a New York-based mortgage, title and insurance company, has deployed a marketing and sales platform designed to meet the unique needs of financial services organizations. Read on to learn how the platform will help Hudson United reach consumers.

 

Maverick National adds VPOpen in a New Window

Maverick National Services has hired a vice president of national lender services. Read on for more details.

 

Title Alliance appoints manager for Virginia joint ventureOpen in a New Window

Title Alliance, Ltd. has appointed a manager of its joint venture Title Alliance Partners of Virginia. Read on for more details.

 

eBook offers tips for faster closingsOpen in a New Window

A new eBook from Visionet Systems, Inc. details ways title agents can take control of their systems and processes so that they can ensure faster closings for their lender clients. Read on to learn more.

 

Vermont governor signs Blockchain billOpen in a New Window

Vermont Gov. Phil Scott signed a bill into law that supports the development of Blockchain businesses throughout the state. Read on to learn what the governor and Karayaneva had to say about the new law.

 

Old Republic adds board memberOpen in a New Window

During its quarterly meeting, Old Republic International Corp. added a new board member and confirmed four continuing board members. Read on for more details about the board’s recent actions.

 

Title Alliance expands into New MexicoOpen in a New Window

Title Alliance, Ltd. has expanded into New Mexico through a partnership with RE/MAX Select. Read on to learn where Title Alliance’s initial New Mexico office will be located.

 

Forecloses increase in JulyOpen in a New Window

Twenty-one states posted year-over-year increases in foreclosure starting in July. Read on for more information from ATTOM Data Solutions’ July 2018 U.S. Foreclosure Market Report.

 

SoftPro integrates SafeChainOpen in a New Window

A new integration enables SoftPro customers to access SafeChain’s SafeWire fraud prevention software. Read on for more details.

 

National Investors hires sales and training directorOpen in a New Window

National Investors Title Insurance Co. has hired a sales and training director. Read on for more details.

 

A.M. Best affirms Investors Title’s excellent ratingOpen in a New Window

A.M. Best has affirmed the financial strength rating and the long-term Issuer credit ratings of Investors Title Insurance Co. and National Investors Title Insurance Co., the credit rating agency announced. Read on for more details from A.M. Best’s report.

 

Study: Small-business owners cautious of online lendersOpen in a New Window

A recent report from the Federal Reserve Board and the Federal Reserve Bank of Cleveland said more small-business owners had negative impressions of online lenders than positive ones. Read on for more insights from the study concerning online lenders and small-business owners.

 

NATC expands in IndianaOpen in a New Window

North American Title Co. (NATC) has expanded its footprint in Indiana with the opening of a new office in Marion, the company announced. Read on to learn who will oversee the new office.

 

More than half of 2018 MERS eNotes closed with PavasoOpen in a New Window

More than half of all eNote closings registered on the MERS eRegistry thus far in 2018 have been closed through Pavaso’s platform. Read on for more details.

 

Home price growth slows in JulyOpen in a New Window

The rate of home price growth dropped for the fifth consecutive month in July to its lowest rate since September 2016. Read on for more details from Redfin’s latest report.

 

Stewart appoints Northeast States district managerOpen in a New Window

Stewart Title Guaranty Co. has appointed a Northeast States district manager. Read on for more details.

 

California approves first “insurtech” title companyOpen in a New Window

California recently approved what is being described as the first insurtech title company licensed and based in the state. Read on for more details about the new company.

 

Georgia startup launches document-retrieval serviceOpen in a New Window

An Athens, Ga.-based company has introduced a service designed to eliminate the need for title companies and other real estate professionals to go to courthouses to retrieve offline documents. Read on for more details about the retrieval service.

 

Qualia integrates NATICOpen in a New Window

North American Title Insurance Co. (NATIC) has fully integrated with Qualia’s title, escrow and closing software platform and named Qualia to the company’s AgentMarketplace program. Read on for more details about the integration.

 

Title Alliance appoints HR directorOpen in a New Window

Title Alliance, Ltd. has appointed a director of human resources. Read on for more details.

 

Ellie: Closing rate held steady in JulyOpen in a New Window

The closing percentages of purchase loans in June and July are the highest since Ellie Mae began tracking the data in 2011. Read on for more details from Ellie Mae’s latest report.

 

NATC names assistant division managerOpen in a New Window

North American Title Co. has named an assistant division manager/commercial business development for its Central Valley region. Read on for more details.

 

Canada signs off on Fidelity-Stewart dealOpen in a New Window

As they await approval from state and federal regulators throughout the U.S., Fidelity National Financial, Inc. and Stewart Information Services Corp. have received approval for their proposed deal from Canadian authorities. Read on to learn when the companies expect their proposed deal to close.

 

LenderLive sells mortgage fulfillment divisionOpen in a New Window

LenderLive Holdings has agreed to sell its mortgage fulfillment and secondary marketing division to a third party mortgage services provider. Read on for more details about the sale.

 

GRS Title expands Missouri operationsOpen in a New Window

GRS Title Services, LLC has opened a new office in Kansas City, Mo., and has hired a director to oversee it, the company announced. Read on for more details about GRS’ Missouri expansion.

 

The best Q3 housing marketsOpen in a New Window

An above-average ratio of homes is likely to be sold in the next 90 days in Chicago, Washington, D.C., Orlando, Tampa-St. Petersburg and Atlanta. Read on for more details from ATTOM Data Solutions’ latest report.

 

Proper Title hires senior escrow officerOpen in a New Window

Proper Title, LLC has hired a senior escrow officer for its Northbrook, Ill. office. Read on for more details.

 

Luxury home prices continue to riseOpen in a New Window

During the second quarter of 2018, luxury homes sold the fastest in Oakland, San Jose, San Francisco, Seattle, and Washington, D.C. Read on for more details from Redfin’s latest report.

 

Stewart honors family patriarchOpen in a New Window

The company recently took time to honor the patriarch of the family, Stewart Morris Sr. Read on to learn what was said about Morris during a private reception in Houston.

 

Lean on partners to help after a cyberattackOpen in a New Window

During the National Settlement Services Summit (NS3) in Detroit, experts in the field shared how to best work with your partners after a cyberattack. Read on for more details.

 

Title price comparison service expandsOpen in a New Window

A technology-driven comparison service for title insurance and settlement services has expanded service into a second state, the company announced. Read on for more details about the price comparison service.

 

NATC hires business development representativeOpen in a New Window

North American Title Co. has hired a business development representative for its office in Katy, Texas. Read on for more details.

 

Millennial homeownership rate increasesOpen in a New Window

Clarksburg, W.Va., Watertown, S.D., Boone, Iowa, and Dickinson, N.D. were the top housing markets for millennials in June. Read on for more details from Ellie Mae’s latest Millennial Tracker.

 

Weichert names presidentOpen in a New Window

Weichert has appointed a president of real estate services. Read on for more details.

 

Industry veteran launches marketing consulting firmOpen in a New Window

Renee (Becker) Bourbeau announces the launch of her new marketing consulting firm, Eiffel Marketing (Eiffel), which specializes in customer-centric marketing solutions to improve the overall CX (customer experience). Eiffel channels Amazon philosophy and techniques and helps settlement service companies flourish by advocating data-driven practicality, to improve the client experience and build loyalty.

 

New Jersey title agency makes acquisitionOpen in a New Window

A New Jersey-based title agency that serves clients nationally has expanded its footprint with the acquisition of another title agency in the Garden State. Read on to learn what the principal of the acquired company had to say about the deal.

 

Unlocking Blockchain’s real estate potentialOpen in a New Window

Whenever the words real estate and innovation are mentioned in the same sentence, it is often a safe bet that the last word in that sentence will be Blockchain. Find out what several experts had to say about the technology’s potential for reshaping the real estate transaction.

 

J.D. Power: Strong customer relationships key for digital ageOpen in a New Window

As more buyers and sellers use digital channels to buy and sell homes, residential real estate firms have had to refocus their efforts on building strong customers relationships, according to a study by J.D. Power. Read on for more details from the study.

 

Percentage of underwater properties on the riseOpen in a New Window

Louisiana, Illinois, Missouri, Mississippi, and Ohio had the highest percentage of seriously underwater properties during this year’s second quarter. Read on for more details from ATTOM Data Solutions’ Q2 2018 U.S. Home Equity & Underwater Report.

 

Black Knight integrates Land GorillaOpen in a New Window

A new integration will enable lenders to transfer loan data from the Black Knight’s Empower system to Land Gorilla’s Construction Loan Manager. Read on for more details.

 

Weichert chooses president of brokerageOpen in a New Window

Weichert has appointed a president of residential brokerage for its Weichert, Realtors. Read on for more details.

 

Black Knight platform offers ‘actionable’ intelligenceOpen in a New Window

Black Knight Chief Product Officer Shelley Leonard told The Title Report that the company’s new platform helps mortgage lenders and servicers with tough business challenges by delivering strategic, proactive and actionable analytics. Read on to learn more about Black Knight’s latest offering.

 

ALTA wants your GTO storiesOpen in a New Window

As the Senate considers legislation which would expand geographic targeting orders to the entire nation, the American Land Title Association is asking for agents’ and underwriters’ to share their stories and help make that potential process as least burdensome as possible. Read on for more details.

 

Kansas title agency rebrands itselfOpen in a New Window

A Kansas title company has changed its name to expand its geographical reach and better serve clients. Founded in 1946, the agency was established as a general law practice to serve Northeast Kansas residents in Wamego, Kan. It now serves three counties.

 

NATC names division managerOpen in a New Window

North American Title Co. has named a division manager for its Arizona Region. Read on for more details.

 

Home purchase sentiment declinesOpen in a New Window

For the second consecutive month, home purchase sentiment declined across the country during July. Read on for more details from Fannie Mae’s index.

 

Enhanced version of Encompass releasedOpen in a New Window

According to Ellie Mae, the newest versions of Encompass will support new, mandatory borrower disclosure guidelines from the Consumer Financial Protection Bureau. Read on for more details.

 

Xome appoints CEOOpen in a New Window

Xome, a Dallas-based real estate solutions provider that offers asset management, property disposition, title, closing, valuation and field services through an integrated, technology driven platform, has appointed a new CEO. Read on for more details.

 

A.M. Best: Stewart’s balance sheet ‘very strong’Open in a New Window

A.M. Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit ratings of “a-” for the member companies of Stewart Title Group. Read on to learn more details from A.M. Best’s report.

 

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