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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 launches digital-closing platform for FNF, other agentsOpen in a New Window

As more and more states approve the legal structure needed for remote online notary, the transformation of the real estate process from paper-centric to electronic is quickly taking shape. Fidelity National Financial has positioned itself to take advantage of that change with the launch of a digital-closing platform.

 

Former American Title & Escrow offices rebrandedOpen in a New Window

The former American Title & Escrow locations in Montana now are operating under the First American Title Co. of Montana name. Read on for more details.

 

Economists see looming recessionOpen in a New Window

Three-fourths of economists expect a recession by the end of 2021, according to a recent survey by the National Association for Business Economics. Read on for more details.

 

Labor Department proposes new changes to OT rulesOpen in a New Window

The U.S. Department of Labor has proposed changes to federal overtime rules that would make more than a million more Americans eligible for overtime pay.

 

FIS to buy Worldpay for $34 billionOpen in a New Window

Financial services technology provider FIS has reached a deal to acquire Worldpay, Inc., a leader in eCommerce and payments, in the largest acquisition in the history of the payments sector.

 

NorthStar hires regional account managerOpen in a New Window

Cleveland-based NorthStar Title has hired a regional account manager. Read on for more details.

 

RynohLive integrates with EasysoftOpen in a New Window

Easysoft has integrated RynohLive’s financial protection software into its legal software platform. Read on for more details.

 

LandStar Title acquires Seaport Title AgencyOpen in a New Window

Long Island, N.Y.-based LandStar Title Agency has acquired The Seaport Title Agency Ltd. Terms of the deal were not disclosed.

 

Qualia rolls out full stack reconciliation serviceOpen in a New Window

Qualia has launched a new full stack reconciliation service that combines reconciliation and accounting features with a live, dedicated reconciliation specialist. Read on for more details.

 

Plaza Home Mortgage offering hybrid eClosing optionOpen in a New Window

Plaza Home Mortgage, Inc. now offers a new hybrid eClosing option on all conventional Fannie Mae and Freddie Mac loans. Read on to learn more details about Plaza’s new hybrid eClosing option

 

Visionet launches D-TRAC solutionOpen in a New Window

Visionet Systems, Inc. has launched a proprietary digitized title research and collation solution to automate bulk title search requirements. Read on for more details.

 

NATC names division managerOpen in a New Window

North American Title Co. has named a division manager for the company’s Greater Sacramento/Northern Nevada region. Read on for more details.

 

Lower interest rates spur millennials to refinanceOpen in a New Window

Millennials took advantage of lower interest rates during January to refinance mortgages. Read on for more details from the latest Ellie Mae Millennial Tracker.

 

Knight Barry acquires Florida agencyOpen in a New Window

Knight Barry Title has expanded into Florida through its acquisition of a Pensacola-based agency. Read on to learn what the acquired agency will be called and which employees were retained.

 

MBA outlines vision of a new CFPBOpen in a New Window

The Mortgage Bankers Association (MBA) has released a paper detailing its recommendations to ensure stability and consistent consumer protections from Consumer Financial Protection Bureau. Read on for more details about the MBA paper.

 

ClosingCorp introduces new analytics toolOpen in a New Window

ClosingCorp has introduced a new analytics tool it said gives providers of settlement services better insight into market penetration, pricing trends and market potential. Read on for more details about the new analytics tool.

 

Town Center hires marketing directorOpen in a New Window

Boca Raton, Fla.-based Town Center Title recently hired a new director of marketing. Read on for more details.

 

Simplifile’s network reaches 1,900Open in a New Window

With the recent addition of Logan County, Ill., Simplifile now has 1,900 jurisdictions in its eRecording network. Read on for more details.


 

MTS integrates with EncompassOpen in a New Window

MTS Software Solutions has integrated its loan quality management and auditing platform into Ellie Mae’s Encompass digital mortgage solution. Read on for more details.

 

String acquired by American Mortgage ConsultantsOpen in a New Window

New York-based American Mortgage Consultants, Inc. (AMC) has acquired the title search outsourcing service String Real Estate Information Services, LLC. Read on to learn why executives from both companies believe the acquisition is good.

 

WACO launches training programOpen in a New Window

Arkansas-based WACO Title recently launched what it called an industry-first closing agent training program. Read on to learn why WACO felt there was a need for such a program.

 

ComplianceEase appoints CEOOpen in a New Window

ComplianceEase has named a new CEO to replace its co-founder and retiring CEO Anita Kwan. Read on to learn who the company selected.

 

Loan defects increase for fifth consecutive monthOpen in a New Window

The frequency of defects, fraud and misrepresentation in mortgage loan applications increased in January. Read on for more details.

 

NATC names division managerOpen in a New Window

North American Title Co. (NATC) has named a southern California division manager. Read on for more details.

 

Fifth Third selects leader for new groupOpen in a New Window

Fifth Third Bank has selected a leader of its new Wholesale Deposits and Financial Solutions group. Read on for more details.

 

Fidelity completes RON closing in TexasOpen in a New Window

Fidelity National Financial, Inc. (FNF) recently completed a digital real estate closing that involved a remote online notarization (RON) and digital signature process. Read on for more details.

 

WFG approved as direct underwriter in ColoradoOpen in a New Window

The Colorado Division of Insurance has approved WFG National Title Insurance Co. (WFG) as a direct insurance underwriter in the state, making the company one of only a handful of national underwriters doing business in Colorado. Read on for more details.

 

Utah title agency selects SafeChainOpen in a New Window

One of the largest independent title agencies in Utah has adopted SafeChain’s platform to protect its wire transactions. Read on for more details.

 

loanDepot names divisional managerOpen in a New Window

loanDepot has named a senior vice president, divisional manager of its new Pacific Southwest Division. Read on for more details.

 

Number of flipped homes dropped last yearOpen in a New Window

The number of U.S. single-family homes and condos flipped in 2018 dropped 4 percent. Read on for more details from ATTOM Data Solutions’ Q4 and Year-End 2018 U.S. Home Flipping Report.

 

NATC appoints division presidentOpen in a New Window

North American Title Co. has named a division president and manager of its Illinois region. Read on for more details.

 

Demmon: NATC and States Title perfect fitOpen in a New Window

The new president of North American Title Co. (NATC) called her company’s acquisition by States Title a marriage made in heaven. Read on to learn more.

 

States Title names VP of national operational servicesOpen in a New Window

States Title, Inc. has named a vice president of national operational services, managing centralized national production and facilities support for its North American Title Co. (NATC) division. Read on for more details.

 

NYSLTA releases consumer guideOpen in a New Window

The New York State Land Title Association (NYSLTA) has released a new consumer information guide for potential buyers and homeowners. Read on for more details.

 

Lenders One appoints presidentOpen in a New Window

Lenders One Cooperative has appointed a president of Lenders One. Read on for more details.

 

Mother Lode selects Foxit SoftwareOpen in a New Window

Mother Lode Holding Co. (MLHC) has selected Foxit Software’s PhantomPDF to help its transition to becoming a paperless organization. Read on for more details.

 

New-home sales drop for fifth straight monthOpen in a New Window

Sales of new, single-family homes fell for the fifth consecutive month in January. Read on for more details.

 

Exclusive: Why NY denied FNF-Stewart dealOpen in a New Window

The New York Department of Financial Services wrote Fidelity National Financial (FNF) Chief Compliance Officer Paul Perez on Jan. 31, detailing its response to the proposed acquisition of Stewart Title by FNF. Although details of the denial were not made public, The Title Report has been able to obtain a redacted copy of the letter.

 

Experts say NY deal denial could impact othersOpen in a New Window

As The Title Report obtained details of the letter sent from the New York Department of Financial Services to Fidelity National Financial denying approval of its proposed acquisition of Stewart Title, experts said the reputation of the state regulator could have impact on other jurisdictions.

 

Silk hires chief strategy officerOpen in a New Window

The Silk Companies has hired a former CapWest Mortgage executive as its chief strategy officer. Read on to learn what CEO Marc Trachtenberg had to say about the new team member.

 

Stewart appoints agency sales representativeOpen in a New Window

Stewart Title has appointed an agency sales representative to oversee the agent client relationships in Rhode Island. Read on for more details.

 

Consumer house-buying power risesOpen in a New Window

Consumer house-buying power increased between November and December, but remained below what it was one year ago. Read on for more details from the First American Real House Price Index.

 

Percentage of refinances increased in JanuaryOpen in a New Window

The percentage of refinances increased during January likely due to a small decline in interest rates. Read on for more details from Ellie Mae’s latest Origination Insight Report.

 

Beginning-to-end Blockchain deal completed in VermontOpen in a New Window

Propy recently completed the first real estate transaction in Vermont performed entirely on Blockchain, the company announced. Read on for details about those involved in the transaction.

 

The Title Center expands through acquisitionOpen in a New Window

Springfield-based Illinois Real Estate Title Center, which does business as The Title Center, recently acquired another agency in Illinois. Read on for more details.

 

Former Zillow CEO returns to jobOpen in a New Window

The executive chairman of Zillow Group, Inc. has been named CEO, the company announced. Read on for more details.

 

NATC names division presidentOpen in a New Window

North American Title Co. has named an industry veteran to serve as division president/manager of its Florida Division. Read on for more details.

 

Median home price increased in JanuaryOpen in a New Window

U.S. home prices increased 2.9 percent year-over-year in January. Read on for more details.

 

ComplianceEase expands partnership with WGSOpen in a New Window

ComplianceEase has expanded its partnership with Wipro Gallagher Solutions (WGS) to offer a complete digital mortgage bundled services package. Read on for more details.

 

Fidelity sets quarterly, yearly commercial recordsOpen in a New Window

More commercial orders and an accompanying increase in average commercial fee-per-file helped Fidelity National Financial, Inc. set both quarterly and yearly records for commercial revenue, according to the company’s latest earnings report. Read on for more details from Fidelity’s latest earnings statement.

 

loanDepot introduces loan that can close in eight daysOpen in a New Window

loanDepot has launched what it called the first-of-its-kind end-to-end digital loan that also provides increased surety, security and reliability when compared to that of traditional mortgage products and processes. Read on for more details.

 

D.C.-area title agency opens Maryland officeOpen in a New Window

A D.C.-area title agency has opened a new office in Maryland to accommodate its growing number of clients in Maryland. Read on to learn where the new office is located.

 

Pavaso names SVP of business developmentOpen in a New Window

Pavaso has named a senior vice president of business development. Read on for more details.

 

Iberiabank names Central Florida presidentOpen in a New Window

Iberiabank has named an executive vice president and Central Florida market president. Read on for more details.

 

LenderClose adds software engineers, relationship managerOpen in a New Window

LenderClose has added two software engineers and a relationship manager to its team. Read on for more details.

 

First American set commercial revenue record in 2018Open in a New Window

First American Financial Corp. produced a record pretax margin for its title segment as well as record commercial revenue during 2018, according to the company’s latest earnings statement. Read on to learn what CEO Dennis Gilmore anticipates for this year’s market.

 

Edina Realty Title to implement BlockchainOpen in a New Window

A Minnesota-based title company which touts itself as the Midwest’s largest will be the first customer to implement software company Vodii’s Blockchain platform, TxM GlobalSign. Read on for more details.

 

Florida title agency gets new ownerOpen in a New Window

A Pensacola, Fla.-based title agency has a new owner and recently added new team members, according to the company’s website. Read on for more details about the changes at the agency.

 

NTC adds national account executiveOpen in a New Window

Nationwide Title Clearing, Inc. has hired Michael Ann Williamson as a national account executive, the company announced. Read on for more about the new addition.

 

SoftPro integrates with NextAceOpen in a New Window

SoftPro has integrated NextAce’s smart automation, title search and reporting within its 360 business exchange platform. Read on for more details.

 

Millennial purchase loans increaseOpen in a New Window

Despite rising interest rates, millennials closed a higher share of purchase loans year-over-year in December 2018. Read on for more details from the latest Ellie Mae Millennial Tracker.

 

Stewart’s fourth-quarter pretax income improvesOpen in a New Window

As it continues to wait on state and federal regulators to rule on its proposed sale to Fidelity, Stewart Information Services Corp. reported a drop in both fourth-quarter and yearly profits and revenue, according to the company’s latest earnings report. Read on for more details from Stewart’s latest earnings report.

 

FTC scrutinizing commercial implications of Fidelity-Stewart dealOpen in a New Window

The chairman of Fidelity National Financial, Inc. said the Federal Trade Commission is examining the commercial competition aspects of its proposed acquisition of Stewart Information Services Corp. Read on to learn more of what William Foley II had to say.

 

Corinthian Title hires COOOpen in a New Window

California-based Corinthian Title Co. has hired a former CEO and chairman of Investors Title Co. to serve as senior vice president and chief operating officer. Read on to learn who Corinthian selected to serve as COO.

 

First American names deputy chief economistOpen in a New Window

First American Financial Corp. has promoted one of its senior economists to deputy chief economist. Read on for more details.

 

Luxury homes averaging $1.7 millionOpen in a New Window

During the fourth quarter of 2018, luxury homes nationwide had an average sale price of $1.7million. Read on for more details from Redfin’s latest report.

 

Ellie Mae updates EncompassOpen in a New Window

Ellie has launched a new version of its Encompass lending platform. Read on for more details.

 

Fidelity: NYDFS not a ‘friend’ of the industryOpen in a New Window

The chairman of Fidelity National Financial, Inc. described the former superintendent of the New York Department of Financial Services as an adversary to the title industry.Read on to learn more of what William Foley, II had to say.

 

Denver brokerage launches title companyOpen in a New Window

The Denver-based flat fee brokerage Trelora has raised cash to launch a new title and escrow company. Read on to learn who will oversee Trelora’s title operations.

 

Federal Title & Escrow links with ZOCCAMOpen in a New Window

Washington, D.C.-based Federal Title & Escrow has linked with ZOCCAM to enable clients to submit cash-to-close funds and earnest money deposits electronically through ZOCCAM’s app, the company announced. Read on for more details.

 

Maverick National adds sales executiveOpen in a New Window

Dallas-based Maverick National Services has hired a senior sales executive. Read on for more details.

 

Number of equity rich properties hits new highOpen in a New Window

The number of U.S. properties where the combined estimated amount of loans secured by the property was 50 percent or less of the property’s estimated market value reached an all-time high during the fourth quarter. Read on for more details from the latest report from ATTOM Data Solutions.

 

NATIC promotes vice presidentOpen in a New Window

North American Title Insurance Co. has named a vice president, director of audit and compliance services. Read on for more details.

 

Title consultant forms new M&A firmOpen in a New Window

A California-based consulting firm to the title industry is part of a new investment banking joint venture with LoHi Merchant Bank. Read on for more information about the joint venture.

 

NATC names regional presidentsOpen in a New Window

A week after States Title named a president of North American Title Co. (NATC), its newly acquired subsidiary has named presidents of its eastern and western regions. Read on to learn who NATC selected for these high-level positions.

 

Two Berkshire Hathaway HomeServices firms mergeOpen in a New Window

Boston-based Berkshire Hathaway HomeServices Commonwealth Real Estate has merged with Rhode Island real estate agency Berkshire Hathaway HomeServices Gammons Realty. Read on for more details.

 

AmTrust names general counselOpen in a New Window

AmTrust Title Insurance Co. has named a general counsel for AmTrust Title and First Nationwide Title. Read on for more details.

 

St. Louis most affordable market for millennialsOpen in a New Window

St. Louis was the most affordable market for millennials at the end of 2018. Read on for more details from Redfin's latest report.

 

SafeChain integrates Accuity’s bank dataOpen in a New Window

SafeChain has integrated data from Accuity into its platform to give users greater confidence that funds are being wired to the correct account. Read on for more details.

 

TRI Pointe launches new escrow closing servicesOpen in a New Window

TRI Pointe Group (TPG) has launched new escrow closing services to expand its title insurance services across its homebuilder brands. Read on to learn who TPG selected to oversee its title operations.

 

Investors Title’s quarterly, yearly income dropsOpen in a New Window

Investors Title Co. reported decreases in profits for the fourth quarter and 2018, according to the company’s latest earning statement. Read on for more details from Investors’ latest earnings report.

 

CoreLogic announces title, closing solutionOpen in a New Window

CoreLogic has launched an enhanced title and closing solution for lenders incorporated into the industry standard Collateral Management System. Read on for more details about the enhanced title and closing solution.

 

Stewart names national director of lender salesOpen in a New Window

Stewart Title has appointed a national director of lender sales. Read on for more details.

 

Defects, fraud and misrepresentation riseOpen in a New Window

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

 

CATIC relocates commercial services officeOpen in a New Window

CATIC’s National Commercial Services has moved its office in Hartford, Conn. Read on for more details.

 

TitleOne, Westcor part of first Minnesota online closingOpen in a New Window

The first online closing in Minnesota recently was completed through Notarize’s platform with partners TitleOne, Westcor and Redfin Mortgage. Read on for more details about the transaction.

 

NATC names new presidentOpen in a New Window

States Title announced it has named a new president for North American Title Co. (NATC). The new president of the title company will oversee the NATC’s title insurance, escrow and closing operations throughout the country.

 

Data breaches declined in 2018Open in a New Window

The number of U.S. data breaches in 2018 decreased from last year’s all-time high of 1,632 breaches by 23 percent, according to a report from the Identity Theft Resource Center and CyberScout. Read on for more details from the report.

 

Report: Home price appreciation pushing out buyersOpen in a New Window

The combination of rising interest rates and home prices near of past historical highs in many markets has raised a red flag for many in the real estate industry. A recent study by study by the National Association of Home Builders (NAHB) has added numbers to those concerns.

 

Thomas Title names Dallas presidentOpen in a New Window

Thomas Title & Escrow has named a president of its Dallas market. Read on for more details.

 

New-home sales dropped in November, DecemberOpen in a New Window

Sales of new homes dropped in all U.S. regions during the last two months of 2018. Read on for more information from Redfin’s latest report.

 

LodeStar integrates with EncompassOpen in a New Window

LodeStar Software Solutions has integrated real estate tax information from Ellie Mae’s Encompass digital mortgage solution into its platform. Read on for more details.

 

Title Security, Landmark Title using BlockchainOpen in a New Window

Some branches of Title Security and Landmark Title have begun using RealBlock’s Blockchain platform to eliminate fraud during wire transfers. Read on to learn how many Blockchain transactions per month RealBlock hopes to complete by 2020.

 

East Texas Title, NotaryCam complete RON closingOpen in a New Window

East Texas Title recently executed its first remote online closing using NotaryCam’s eClose360 eClosing platform. East Texas Title owner Celia Flowers said the technology allows her company to avoid mail outs, which holds up transactions.

 

Black Knight launches virtual analytics labOpen in a New Window

Black Knight has launched an interactive virtual analytics lab where users can source and upload data, execute queries, perform complex analytics and train machine-learning models in a single workspace. Read on for more details about Black Knight’s virtual analytics lab.

 

Nevada adopts Simplifile statewideOpen in a New Window

With the addition of Mineral County, Nevada has become the ninth state in nation to implement Simplifile’s eRecording network statewide. Read on for more details.

 

CFPB announces leadership changesOpen in a New Window

Consumer Financial Protection Bureau Director Kathy Kraninger recently announced numerous leadership changes within the bureau. Read on for more details.

 

Vendorly, Shared Assessments collaborateOpen in a New Window

Vendorly has collaborated with Shared Assessments to license the standardized information gathering questionnaire. Read on for more details.

 

Punctual Abstract names new CEOOpen in a New Window

Punctual Abstract has hired a former Title Source executive as its new CEO. Read on to learn what Punctual founder and owner Steve Daigle, Sr. had to say about the choice.

 

Retired bank executive joins Old Republic boardOpen in a New Window

Old Republic International Corp. has added a retired bank executive to its board. Read on to learn why Old Republic Chairman and CEO Al Zucaro believes the company’s newest board member is a good fit.

 

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