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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.


 

 

Fidelity publishes sustainability reportOpen in a New Window

Fidelity National Financial recently published a sustainability report that highlights the company’s policies, strategies, initiatives, and performance. Read on for more details from the report.

 

AmTrust announces partnership with ProDealOpen in a New Window

AmTrust Title Insurance Co. has entered a multi-year partnership with the deal management platform ProDeal, the company announced. Read on for more details.

 

Agents National names Florida service managerOpen in a New Window

Agents National Title Insurance Co. has named a Florida agency service manager. Read on for more details.

 

 

 

 

 

IDS enhances its eClose platformOpen in a New Window

International Document Services, Inc. has updated and expanded several features within its eClose platform Solitude Solution. Read on for more details.

 

CATIC appoints sales managerOpen in a New Window

CATIC has hired a vice president, sales manager Florida. Read on for more details.

 

CFPB remains intact after Supreme Court rulingOpen in a New Window

By a 5-4 margin, the Supreme Court on Monday ruled the Consumer Financial Protection Bureau was unconstitutional. But because the court determined it was able to fix the constitutional defect in the agency’s structure, the work of the bureau will continue without interruption.

 

CoreLogic reviewing $7 billion acquisition bidOpen in a New Window

CoreLogic is reviewing an unsolicited $7 billion acquisition bid from Cannae Holdings and Senator Investment Group, LP, which own 15 percent of the outstanding shares of CoreLogic. Read on to learn more.

 

Industry’s first-quarter premiums soarOpen in a New Window

Driven by an increase in refinances spurred by low interest rates, the title industry’s first-quarter premiums jumped by nearly one third, according to an analysis by the American Land Title Association.

 

Knight Barry opens first Texas officeOpen in a New Window

Knight Barry Title Group has gained its license in Texas and will open its first office in the Lone Star State in the Houston area. Read on for more details.

 

Brokerage names chief strategy, chief culture officersOpen in a New Window

A technology-powered real estate brokerage with operations in 20 states and the District of Columbia has named a chief strategy officer and a chief culture officer.

 

Westcor names western states area managerOpen in a New Window

Westcor Land Title Insurance Co. has tapped a company executive to oversee its western states area. Read on for more details.

 

Zillow launches LGBT resourceOpen in a New Window

Zillow recently launched a data-powered resource to inform people whether for-sale and rental listings are in communities where state and local regulations explicitly protect LGBT individuals from discrimination.

 

DataTrace launches property tax sourceOpen in a New Window

DataTrace Information Services LLC recently launched TaxSource, which it said provides the most current tax status through the latest technology and data resources. Read on to learn more.

 

Two California escrow companies join forcesOpen in a New Window

Two independent escrow companies headquartered in Irvine, Calif., have merged to form an agency with 11 locations in 12 cities with more than 60 team members. Read on to learn more.

 

Survey: RON usage surged in MayOpen in a New Window

A new survey reports a nearly 40 percent surge in remote online notarization usage from April to May as well as a shift in perception on the permanence of remote work.

 

Patten Title, CertifID partnerOpen in a New Window

Texas-based Patten Title Co. has implemented CertifID’s technology solution to enhance its cybersecurity practices. Read on for more details.

 

Westcor names Texas managerOpen in a New Window

Westcor Land Title Insurance Co. has named a manager for its Texas Region. Read on for more details.

 

May closings down one thirdOpen in a New Window

All 53 markets analyzed by RE/MAX had double-digit, year-over-year declines in May sales. Read on for more details.

 

Radian, Open Close integrateOpen in a New Window

Radian Guaranty Inc. has integrated OpenClose’s omni-channel loan origination system into its LenderAssist platform. Read on for more details.

 

Cyber losses increase nearly six foldOpen in a New Window

A study of more than 5,500 international companies across eight countries found cyber losses increased nearly six fold last year. Read on to learn which sectors were the most heavily targeted by cybercriminals.

 

Fannie, Freddie update economic forecastsOpen in a New Window

Both Freddie Mac and Fannie Mae recently issued forecasts that weighed the coronavirus’ impact on the housing market for the remainder of this year and beyond. Read on to learn what both companies are anticipating.

 

National underwriter hires CTOOpen in a New Window

The Security Title Guarantee Corp. of Baltimore recently hired an industry veteran for its newly created position of chief technology officer (CTO), the company announced. Read on learn more.

 

Kensington Vanguard expands Arizona teamOpen in a New Window

Kensington Vanguard National Land Services has hired two executives to aid its commercial title insurance efforts in Arizona. Read on to learn more.

 

Qualia, The Closing Exchange integrateOpen in a New Window

The Closing Exchange’s nationwide notary/attorney signing services, eSign/hybrid and remote online notarization have been integrated into Qualia’s Marketplace. Read on to learn more.

 

Clear Title adds branch managerOpen in a New Window

Phoenix-based Clear Title Agency of Arizona has hired a branch manager. Read on for more details.

 

Report: Title insurers have adequate capital to survive pandemicOpen in a New Window

As they deal with the COVID-19 pandemic, U.S. title insurers will likely face a decrease in revenues from residential and commercial real estate markets in 2020, according to a new report. Read on for more from Fitch’s analysis.

 

Merger creates ‘unstoppable’ real estate companyOpen in a New Window

Terra Holdings’ Halstead has combined with Brown Harris Stevens, creating what they call one of the most powerful privately held real estate companies in the country. Read on for more details.

 

ALTA backs Internet fraud prevention legislationOpen in a New Window

The American Land Title Association is supporting a California congressman’s proposed legislation that would require the Federal Reserve, Federal Trade Commission and FBI to study business email compromise scams and provide suggestions for potential solutions.

 

Heartland BancCorp adds senior vice presidentOpen in a New Window

Ohio-based Heartland BancCorp has hired a senior vice president, director of the Northern Kentucky Region. Read on for more details.

 

Ellie Mae, CoreLogic integrateOpen in a New Window

CoreLogic’s verification of employment and income solutions have been integrated into Encompass by Ellie Mae. Read on for more details.

 

Homebuying demand up significantlyOpen in a New Window

Homebuying demand for the week of June 1-7 was 25 percent higher than it was pre-pandemic in January and February. Read on for more details.

 

Pango Group opens new escrow companyOpen in a New Window

The California-based family of companies that includes several settlement businesses has opened a new escrow company, the company announced. Read on for more details.

 

IberiaBank, First Horizon merger approvedOpen in a New Window

Federal regulators have approved the all-stock merger of IberiaBank and First Horizon, creating one of the top 25 banks by deposits in the U.S. Read on to learn more.

 

ALTA supports Supreme Court’s LGBTG rulingOpen in a New Window

The American Land Title Association joined groups such as the National Association of Realtors in supporting the U.S. Supreme Court’s decision to shield gay, lesbian and transgender people from job discrimination.

 

Home equity increased during first quarterOpen in a New Window

Homeowner equity continued to rise throughout the first quarter despite the coronavirus pandemic. Read on for more details.

 

LenderClose names chief technology officerOpen in a New Window

LenderClose has named a chief technology officer. Read on for more details.

 

Single women driving increase in homeownership ratesOpen in a New Window

Single women are one of the major reasons homeownership has been on the rise since 2018. Read on for more details.

 

Agents National launches automated search and decision engineOpen in a New Window

Agents National Title Insurance Co. (ANTIC) has launched an automated title data search and decision engine. Read on for more details about ANTIC’s new search tool.

 

TFG Property Reports acquires secure messaging platformOpen in a New Window

A Florida company dedicated to providing property reports to title companies, underwriters, law firms, and investors has acquired a secure messaging platform that protects mobile devices from fraudulent attacks.

 

Fairway Independent Mortgage launches eClose solutionOpen in a New Window

Wisconsin-headquartered Fairway Independent Mortgage Corp. has launched an eClose solution designed to provide borrowers with a variety of closing options, the company announced.

 

Flueid Software makes board appointmentOpen in a New Window

Flueid Software Corp. has appointed an industry expert to its board of directors. Read on for more details.

 

Home purchase sentiment improves slightlyOpen in a New Window

During May, the percentage of Americans who said it is a good time to buy a home increased, while the percentage who said it is a bad time to buy decreased. Read on for more details.

 

DocMagic makes version of its eSign technology freeOpen in a New Window

DocMagic, Inc. has made an agnostic version of its eSign technology available for free. Read on for more information.

 

Near North Title Group acquires Florida agencyOpen in a New Window

Chicago-based Near North Title Group has acquired a Florida title agency with offices in Miami and Orlando, the company announced. Financial terms of the deal were not disclosed.

 

Small-business owners believe recession will be short-livedOpen in a New Window

Small-business owners surveyed by the National Federation of Independent Business (NFIB) in May were optimistic about future business conditions and said they expect the recession to be short-lived.

 

American Home Title and Escrow parent reaches virtual milestoneOpen in a New Window

The parent company of American Home Title and Escrow Co. is using technology to transform the homebuying process during the coronavirus pandemic. Read on to learn just what is offered during a virtual walk through of a home.

 

Percentage of ‘zombie’ properties declinesOpen in a New Window

Slightly more than 1.5 million residential properties in the U.S. are vacant. Read on for more details.

 

ClosingLock launches payoff verification toolOpen in a New Window

ClosingLock has launched an instant payoff verification system designed to thwart wire fraud. Read on for more details.

 

More bidding wars for homesOpen in a New Window

More than 40 percent of Redfin purchase offers faced competitive bids in the four weeks ending May 10. Read on for more details.

 

Virginia real estate firm starts title agencyOpen in a New Window

A Richmond, Va.-based real estate company has launched a title and escrow company offering title, escrow, property management, land development and consulting. Read on to learn about the two executives tapped to oversee the agency.

 

Peak Title’s parent company completes mergerOpen in a New Window

The parent company of Peak Title has completed its merger with the Edon State Bank Co. of Ohio, the company announced. Read on for more details.

 

String’s Kothari bullish on 2020Open in a New Window

String Real Estate Information Services recently reported a 176 percent increase in refinance volumes and said its operational capacities have exceeded pre-pandemic volumes by 15 percent.

 

Westcor hires Midwest agency representativeOpen in a New Window

Westcor Land Title Insurance Co. has hired a Midwest agency representative. Read on for details.

 

Wanted: Homes with dedicated work spacesOpen in a New Window

Two-thirds of Americans surveyed by Zillow say they are working from home in a room that’s not a dedicated office. Read on for more details.

 

House-buying power decreases slightlyOpen in a New Window

Consumer house-buying power decreased slightly between February and March 2020. Read on for more details.

 

Shaddock acquires equity interest in Arizona title agencyOpen in a New Window

Shaddock National Holdings has acquired a major equity interest in a Phoenix-based title insurance agency, the company announced. Financial terms of the deal were not disclosed.

 

Stewart’s ‘strong’ financial strength rating affirmedOpen in a New Window

Fitch Ratings has affirmed Stewart’s insurer financial strength ratings of ‘A-’ (Strong) and long-term issuer default rating of ‘BBB,’ the agency announced. Read on to learn the details of Fitch’s assessment.

 

JetClosing launches digital refi solutionOpen in a New Window

JetClosing has launched a digital mortgage refinancing solution designed for lenders, agents and homeowners, the company announced. Read on to learn more.

 

First-quarter refinances nearly doubleOpen in a New Window

There were 1.07 million refinance mortgages secured by residential property originated in the first quarter of 2020. Read on for more details.

 

RamQuest, Lone Wolf integrateOpen in a New Window

Lone Wolf has integrated RamQuest’s title, closing, and escrow accounting solutions into its platform. Read on for more details.

 

ServiceLink appoints senior vice presidentOpen in a New Window

ServiceLink has appointed a senior vice president of servicing product strategy. Read on for more details.

 

Stewart acquires appraisal management companyOpen in a New Window

Stewart Information Services Corp. has acquired a nationwide appraisal management company that provides comprehensive suite of residential valuation products to lenders and other mortgage origination firms. Read on for more details.

 

Small-businesses reduced jobs in MayOpen in a New Window

As expected, the small-business labor market weakened in May with firms reducing employment by an average of 0.17 workers per firm, according to the latest National Federation of Independent Business jobs report.

 

Freddie Mac appoints CFOOpen in a New Window

Freddie Mac has tapped a former executive vice president and chief financial officer (CFO) from Navient Corp. as its next CFO, the company announced. Read on to learn more about the new CFO.

 

Cook & James expands teamOpen in a New Window

Atlanta-based Cook & James recently added another attorney to its team and announced several promotions. Read on for more details.

 

Qualia launches video chatOpen in a New Window

Qualia has launched a video chat platform it said is designed to make contactless home closings possible for millions of potential homebuyers around the country.

 

Supply of newly built homes declinesOpen in a New Window

The number of newly built homes on the market decreased 10.5 percent year-over-year in April. Read on for more details.

 

The lender, title relationship of the futureOpen in a New Window

What will lender-title relationships resemble following the pandemic? That was one of the topics of discussion during the webinar “Evolving Lender Relationships.”

 

Fitch affirms First American’s ‘strong’ ratingOpen in a New Window

Fitch Ratings has affirmed First American Financial Group’s insurer financial strength ratings of 'A' (Strong). Fitch said First American’s rating outlook is stable.

 

Radian Group launches new websiteOpen in a New Window

The Radian Group Inc. has redesigned its corporate website to better reflect its full range of services, which include mortgage, risk, title, valuation, and asset management.

 

Title Alliance implements ResWareOpen in a New Window

Title Alliance, Ltd. has partnered with Adeptive Software to allow its affiliates to implement ResWare. Read on for more details.

 

Bank Shot partners with Charles Rutenberg RealtyOpen in a New Window

Bank Shot has announced a regional partnership with Charles Rutenberg Realty. Read on for more details.

 

LenderClose makes board appointmentOpen in a New Window

LenderClose has appointed an industry veteran to its board of directors. Read on for more details.

 

Two New Jersey title agencies mergeOpen in a New Window

Cedar Knolls, N.J.-based Investment Title LLC has merged with Freehold, N.J.-based Prestige New Jersey Title Agency. Exact terms of the deal were not disclosed.

 

AM Best assigns ‘good’ rating to TRGOpen in a New Window

AM Best has assigned a financial strength rating of B++ (Good) and a long-term issuer credit rating of “bbb+” to Title Resources Guaranty Co. Read on for more details.

 

WFG, TrackerPro integrateOpen in a New Window

WFG National Title Insurance Co.’s policy jackets, policy numbers, agent authorization letters in New York, and closing protection letters outside New York now are available directly through TrackerPro, both companies announced.

 

Westcor adds Michigan managerOpen in a New Window

Westcor Land Title Insurance Co. has hired a Michigan state manager. Read on for more details.

 

More consumers considering homes in small townsOpen in a New Window

A report by Redfin indicates page views of homes in small towns increased 105 percent year-over-year during the seven-day period ending May 1. Read on for more details.

 

Simplifile expands eRecording networkOpen in a New Window

Simplifile announced that more than 50 additional jurisdictions in the eastern and southern U.S. have joined its eRecording network. Read on for more details.

 

Fidelity’s acquisition of FGL Holdings approvedOpen in a New Window

Fidelity National Financial, Inc. has received all regulatory approvals and clearances necessary to close its $2.7 billion acquisition of FGL Holdings, the company announced.

 

Proliant Settlement adopts CertifID’s wire fraud solutionOpen in a New Window

The Michigan-based turnkey title company ownership system that offers entrepreneurs an opportunity to own their own title company has adopted CertifID’s wire fraud prevention solution.

 

1810 Title launches new websiteOpen in a New Window

Tennessee-based 1810 Title & Escrow LLC. has launched a new website it said better showcases what it offers to customers in and around Coffee and Warren counties.

 

Fifth Third Bank, ZOCCAM collaborateOpen in a New Window

Fifth Third Bank is collaborating with ZOCCAM to offer title and escrow clients the ability to receive earnest money through electronic third-party delivery. Read on for more details.

 

Survey: Remote work could spur migration to secondary citiesOpen in a New Window

A new survey from Zillow suggests the coronavirus pandemic could spur many workers to move to secondary cities as a result of corporate America’s embrace of remote work. Read on for more details.

 

Refinances continued upward trend in AprilOpen in a New Window

As interest rates continued to decline in April, the percentage of refinances climbed, according to Ellie Mae’s latest Origination Insight Report. Read on for more details.

 

States Title completes $123 million financing roundOpen in a New Window

States Title recently closed a Series C financing round of $123 million, led by Greenspring Associates, a Baltimore-headquartered venture capital investor. Read on for more details.

 

Spruce raises $29 million in new fundingOpen in a New Window

A national title insurance and escrow company has raised $29 million in Series B funding led by Scale Venture Partners, with participation from Zigg Capital, Bessemer Venture Partners, and Gramercy Ventures, the company announced. Read on for more details.

 

Old Republic’s ‘superior’ rating affirmedOpen in a New Window

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” of members of Old Republic Insurance Companies. Read on for more details.

 

Black Knight, Qualia integrateOpen in a New Window

Qualia has integrated Black Knight’s enterprise-grade tax, HOA, title and property services and products into its platform. Read on for more details.

 

Market neared standstill in AprilOpen in a New Window

The coronavirus hit the housing market with full force in April, with sales and listings both turning in historic declines from year-ago levels. Read on for more details.

 

Covius, Blend integrateOpen in a New Window

Covius’ credit reporting platform has been integrated into Blend’s digital lending platform. Read on for more details.

 

PGP Title’s first-quarter revenues improveOpen in a New Window

The title division of homebuilder PulteGroup, Inc. generated a nearly 25 increase in revenues during the first quarter, according to the company’s latest earning statement. Read on for more details.

 

Agents National launches qualified intermediary servicesOpen in a New Window

Agents National Title Insurance Co. recently launched a qualified intermediary to support successful tax deferred exchanges. Read on for more details.

 

Alliant National maintains ISO 27001 certificationOpen in a New Window

Alliant National Title Insurance Co. recently completed its second-year surveillance audit and maintenance of its ISO 27001 certification for 2020, the company announced.

 

CoStar Group acquires Ten-XOpen in a New Window

CoStar Group, Inc. has acquired digital transaction platform Ten-X. Read on for more details.

 

Plaza Home Mortgage hires chief underwriterOpen in a New Window

Plaza Home Mortgage, Inc. has hired a senior vice president, chief underwriter. Read on for more details.

 

CloseSimple launches texting platformOpen in a New Window

CloseSimple recently launched a texting platform designed for title and escrow companies. Read on for more details.

 

Investors Title generates record net premiumsOpen in a New Window

Lower mortgage rates and the resulting increase in refinances spurred Investors Title Co. to a quarterly record in net premiums, according to the company’s latest earnings statement.

 

New digital home lender launchesOpen in a New Window

A new digital home loan lender that allows consumers to apply for loans directly from their phones and receive pre-approvals in as little as 15 minutes has launched.

 

The Closing Agent expands Florida footprintOpen in a New Window

Orlando, Fla.-based The Closing Agent has expanded its footprint in Florida with the opening of an office on Merritt Island. Read on for more details.

 

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