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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.


 

 

Mortgage lender, brokerage launch new lenderOpen in a New Window

The owner of one of the largest title agencies in Illinois is partnering with one of the nation’s largest independent retail mortgage companies to launch a new lender, the companies announced. Read on for more details.

 

Merger creates nation’s fifth-largest homebuilderOpen in a New Window

In what will create the nation's fifth-largest homebuilder, Taylor Morrison Home Corp. has agreed to acquire William Lyon Homes for $2.4 billion including assumption of debt. Read on for more details.

 

Nebraska Title acquires nearby agencyOpen in a New Window

Nebraska Title Co. has acquired Vintage Title and Escrow Co. of Kearney, Neb., the companies announced. Terms of the deal were not disclosed.

 

LenderClose expands sales teamOpen in a New Window

LenderClose has expanded its sales team with the hiring of two additional sales executives. Read on for more details.

 

New-home sale prices declineOpen in a New Window

The third-quarter drop in new-home sale prices was the biggest since at least 2012 and the third consecutive quarterly decline. Read on for more details.

 

Pulte Mortgage integrates with PaymentusOpen in a New Window

Pulte Mortgage has integrated Paymentus’ customer engagement and mortgage payment services. Read on for more details.

 

TRG’s third-quarter earnings up slightlyOpen in a New Window

A huge increase in refinances helped Realogy’s Holding Corp.’s Title Resource Group generate slightly improved third-quarter earnings, according to the company’s latest earnings statement.

 

DC-area title agency offering digital transfers of EMDsOpen in a New Window

A D.C.-area title agency has partnered with Earnnest to offer digital transfers of earnest money deposits (EMDs) through the latter's technology platform. Read on for more details of the announcement.

 

Small-business owners remain optimisticOpen in a New Window

The level of optimism among small-business owners increased slightly during October, according to the National Federation of Independent Business. Read on for more details from the latest report.

 

Millennial refinances reach new highOpen in a New Window

During September, the share of refinances among millennials reached its highest level since Ellie Mae began tracking the data nearly three years ago. Read on for more details.

 

SLK Global hires vice presidentOpen in a New Window

SLK Global Solutions has hired a vice president of customer relationship management. Read on for more details.

 

Consumer purchasing sentiment declinesOpen in a New Window

Consumer home purchasing sentiment decreased in October, according to Fannie Mae’s latest Home Purchase Sentiment Index. Read on for more details.

 

First American launches mobile-first title and escrow companyOpen in a New Window

First American Financial Corp. has launched a mobile-first title and escrow company that it said provides a re-imagined closing experience for buyers, sellers and their real estate agents.

 

Qualia raises an additional $55 millionOpen in a New Window

Qualia has raised $55 million in Series C financing led by Tiger Global, increasing its total funding to $95 million. Read on for more details.

 

Synergy One Lending to use Radian Group’s title servicesOpen in a New Window

Synergy One Lending will use the Radian Group Inc.’s centralized title service for customers refinancing their mortgages, the companies announced. Read on for more details.

 

SoftPro enhances integration with Fidelity’s agentTRAXOpen in a New Window

SoftPro has announced a major enhancement to its integration with Fidelity National Title Group’s agentTRAX software. Read on for more details.

 

Luxury home prices back on the riseOpen in a New Window

During the third quarter, the average sale price for luxury homes nationwide rose 0.3 percent year-over-year to $1.6 million. Read on for more details.

 

loanDepot announces vice presidentOpen in a New Window

loanDepot has added mortgage industry veteran to its retail lending channel production leadership team. Read on for more details.

 

Zillow begins title and escrow servicesOpen in a New Window

Zillow co-founder and CEO Rich Barton said the company has begun offering closing services in selected markets. Barton’s announcement came during the company’s third-quarter earnings conference call.

 

Iowa Title Guaranty selects QualiaOpen in a New Window

Iowa Title Guaranty has selected Qualia as the platform of record for title production operations and commercial escrow services, the agency announced. Read on for more details.

 

Iberiabank, First Horizon mergingOpen in a New Window

First Horizon National Corp. and Iberiabank Corp. have agreed to merge operations in what they are calling an all-stock merger of equals, both companies announced. Read on for more details.

 

Proper Title adds to staffOpen in a New Window

Chicago-based Proper Title, LLC has added both a commercial account executive and a senior transactions manager to its team. Read on for more details.

 

Docutech integrates with NotaryCamOpen in a New Window

Docutech has integrated NotaryCam’s remote online notarization services into its platform. Read on for more details.

 

More than quarter of properties equity richOpen in a New Window

More than 14 million residential properties in the U.S. were considered equity rich during the third quarter, according to ATTOM Data Solutions. Read on for more details.

 

Real estate tech platform attracts $109 millionOpen in a New Window

A real estate technology platform which provides title and escrow services has closed $109 million of new financing, the company announced. Read on for more details.

 

Stewart’s third-quarter earnings improveOpen in a New Window

A strong housing market buoyed by lower interest rates helped Stewart Information Services Corp. produce improved third-quarter numbers, according to the company’s latest earning statement.

 

Black Knight, PennyMac file lawsuitsOpen in a New Window

Industry giants and longtime business partners Black Knight and PennyMac Financial each have filed lawsuits against the other, alleging questionable business practices. Read on for more details.

 

Fidelity National appoints vice presidentOpen in a New Window

Fidelity National Title Agency, Inc. of Maricopa County, Ariz., has appointed a vice president, manager of its Homebuilder Development Department. Read on for more details.

 

ClosingLock integrates with PlaidOpen in a New Window

ClosingLock has integrated Plaid’s bank account verification services into its platform. Read on for more details.

 

Percentage of ‘zombie’ properties declinesOpen in a New Window

The states with the lowest rates of zombie foreclosures (all less than 1.2 percent) were North Dakota, Arkansas, Idaho, Colorado and Delaware. Read on for more details.

 

Fidelity records best third quarter in 16 yearsOpen in a New Window

An increase in its volume of purchase orders helped Fidelity National Financial (FNF), Inc. generate its best third quarter since 2003, according to the company’s latest earnings statement.

 

First American introduces data solutionOpen in a New Window

First American Mortgage Solutions has launched a configurable data solution with instant property and borrower analytics, the company announced.

 

Insight One Financial launchedOpen in a New Window

A fully-licensed mortgage servicer, originator and collection agency has been launched to provide targeted recovery, component servicing, legal, back-office and outsourcing services to mortgage originators and servicers nationwide.

 

Mortgage Connect appoints executive vice presidentOpen in a New Window

Mortgage Connect LP has appointed an industry veteran as executive vice president, capital markets. Read on for more details.

 

Consumer house-buying power increasesOpen in a New Window

During August, the five states with the greatest year-over-year decrease in real house prices were New Mexico, California, North Dakota, Wyoming and Colorado. Read on for more details.

 

Weichert hires senior vice presidentOpen in a New Window

Weichert Commercial Brokerage, Inc. has hired a senior vice president. Read on for more details.

 

Old Republic’s quarterly title income increasesOpen in a New Window

Old Republic International Corp.’s title segment produced third-quarter gains in both net premiums and fees and net investment income, according to the company’s latest earnings statement.

 

Texas law firm expands into title agencyOpen in a New Window

A Texas law firm has expanded into a full-service title agency which will operate in six locations throughout the state, including three in the Houston, two in Austin and one in Dallas.

 

WFG, Collateral Analytics to provide automated valuationOpen in a New Window

Williston Financial Group (WFG) and its Valutrust Solutions company have collaborated with Collateral Analytics (CA) to provide automated valuation offerings, the companies announced.

 

SLK Global integrates with Black KnightOpen in a New Window

SLK Global Solutions’ property search solution SmartProp now is integrated with the Black Knight ExchangeSM platform. Read on for more details.

 

MBA honors First American’s PfotenhauerOpen in a New Window

The Mortgage Bankers Association (MBA) has honored former ALTA CEO and First American executive Kurt Pfotenhauer with its Andrew D. Woodward Distinguished Service Award. Read on for more details.

 

Median home price reaches new highOpen in a New Window

During the third quarter, median home prices increased year-over-year in 148 of the 155 metro areas ATTOM Data Solutions analyzed. Read on for more details.

 

First American reports ‘strong’ third quarterOpen in a New Window

More transactions across its businesses and increased refinances spurred by lower interest rates helped First American Financial Corp. produce improved third-quarter numbers, according to the company’s latest earnings statement.

 

New ALTA president aims to put ‘a face’ on the industryOpen in a New Window

As CEO of Westcor Land Title Insurance Co., Mary O’Donnell is one of the most-recognized executives in the title insurance industry. Perhaps it’s her traveling across the country for years that helped her realize the story of title agents and the vital role they play needs to be more visible.

 

eXp Realty names CEOOpen in a New Window

eXp World Holdings subsidiary eXp Realty has named a company veteran as its CEO. Read on for more details about eXp Realty’s new leader.

 

SitusAMC hires former CFPB, Wells Fargo executiveOpen in a New Window

SitusAMC has hired a former Consumer Financial Protection Bureau and Wells Fargo executive as its director of technology partnerships. Read on for more details.

 

Covius integrates with ClarifireOpen in a New Window

Covius’ loss mitigation services have been integrated with Clarifire’s business process automation platform. Read on for more details.

 

OpenClose expands sales departmentOpen in a New Window

OpenClose has hired a technology veteran for its newly created position of vice president of sales engineering. Read on for more details.

 

Stewart CEO wants your agency business backOpen in a New Window

Stewart CEO Frederick Eppinger spoke publicly for the first time since taking over the position on a conference call with analysts after the release of Stewart’s third-quarter earnings.He said priority No. 1 was to win back agency business.

 

AmTrust partners with The Closing ExchangeOpen in a New Window

The Closing Exchange has become the first signing-services preferred partner for AmTrust Title Insurance Co. Read on for more details about the partnership.

 

Qualia launches workflow automation toolOpen in a New Window

Qualia has launched an enterprise-grade workflow automation tool for title and escrow companies. Read on for more details.

 

Punctual Abstract announces vice presidentOpen in a New Window

Punctual Abstract has promoted a company veteran to vice president of sales. Read on for more details.

 

Mortgage Cadence integrates with CoviusOpen in a New Window

Mortgage Cadence will integrate Covius’ title and appraisal solutions into its platform. Read on for more details.

 

Record percentage looking to migrateOpen in a New Window

During the third quarter, New York had the highest percentage of home searchers looking for other locales. Read on for more details.

 

AM Best says ‘no signs of slowing down’ in title industryOpen in a New Window

In its annual review of the title insurance industry, AM Best analysts found the recent momentum of growth and profitability shows “no signs of slowing down.”

 

AM Best affirms First American’s ‘excellent’ credit ratingOpen in a New Window

AM Best has affirmed the financial strength rating (FSR) of A (Excellent) and the Long-Term ICR of “a” of First American Title Insurance Co. and its title subsidiaries. AM Best said its ratings reflect First American’s balance sheet strength.

 

DataTrace launches TitleIQ StreamlineOpen in a New Window

DataTrace Information Services LLC has launched a technology solution designed to provide a rapid pre-screen of title orders on refinance transactions.

 

Home inventory dips to 2013 levelsOpen in a New Window

There were 102,112 fewer homes on the market in the U.S. during September than there were one year prior, according to a report from Zillow.

 

MeridianLink names chief product officerOpen in a New Window

MeridianLink has named a chief product officer.

 

Vodii partners with CertifIDOpen in a New Window

Vodii has integrated CertifID’s identity verification and wire fraud prevention platform with its TxM WireSafe module.

 

Fidelity opens Digital Closing HubOpen in a New Window

Fidelity National Financial (FNF) announced that its new Digital Closing Hub now is open to its agents nationwide. Read on for more details.

 

The Title Report on scene at ALTA OneOpen in a New Window

Hundreds of title industry participants have gathered this week at the American Land Title Association’s ALTA One Conference at the Fairmount Hotel in Austin, Texas. Read on for more details.

 

Black Knight launches compliance solutionOpen in a New Window

Black Knight, Inc. has launched a compliance solution designed to help clients streamline the compliance-testing process and make compliance validation easier and quicker. Read on for more details about the new product.

 

DocMagic launches new mobile appOpen in a New Window

DocMagic has launched a new mobile application it said provides full interoperability with DocMagic solutions, as well as other third-party mortgage software. Read on for more details.

 

FTC director leaving agencyOpen in a New Window

One of the Federal Trade Commission members involved in blocking Fidelity’s acquisition of Stewart is leaving the agency. Read on for more details.

 

Quicken Loans names vice presidentOpen in a New Window

Quicken Loans Mortgage Services has promoted a company veteran to its newly created position of vice president of sales. Read on for more details.

 

Builder confidence highest since early 2018Open in a New Window

Builder confidence in the market for newly built single-family homes reached its highest point since February 2018. Read on to learn what factors are causing optimism among the nation’s builders.

 

Sturgis Bancorp’s third-quarter profits increaseOpen in a New Window

Sturgis Bancorp, Inc., whose holdings include Oak Title Services, had third-quarter increases in both profits and interest income, according to the company’s latest earnings statement.

 

Realogy subsidiary names chief growth officerOpen in a New Window

Realogy Holdings Corp. subsidiary Century 21 Real Estate has appointed a new chief growth officer, the company announced. He will report directly to Century 21 Real Estate president and CEO Michael Miedler.

 

Altisource appoints vice presidentOpen in a New Window

Altisource Portfolio Solutions has appointed a vice president, enterprise sales. Read on for more details.

 

Foreclosure starts sink to 13-year lowOpen in a New Window

During the third quarter, the number of properties with default notices, scheduled auctions or bank repossessions hit the lowest level since the second quarter of 2005. Read on for more details.

 

LenderClose adds director of operationsOpen in a New Window

LenderClose has hired a director of operations. Read on for more details.

 

Online brokerage launches iBuyer platformOpen in a New Window

One of the largest residential real estate brokerages in North America has launched a homebuying and selling platform for its agents and their clients. Read on for more details about what the company is calling the most “agent-centric” platform.

 

Brokerage announces C-Suite, board appointmentsOpen in a New Window

An online real estate marketplace which in September acquired a national title and escrow company has announced C-Suite and board appointments, including former executives from Amazon, Netflix and Hulu. Read on for more details.

 

Report: Price increases for homes near transportationOpen in a New Window

Real estate prices have recovered dramatically since the housing market crash, setting record highs in many areas. Those increases in house price appreciation have been even more pronounced in residential areas within a half-mile of public transit, according to a report released by the National Association of Realtors and the American Public Transportation Association.

 

RamQuest integrates with OR SigningProOpen in a New Window

RamQuest has integrated OR SigningPro’s network of fully vetted, signing professionals into its platform. Read on for more details.

 

Black Knight adds enhancements to CompassPointOpen in a New Window

Black Knight, Inc. has added enhancements to its CompassPoint and CompassPPE solutions. Read on for more details.

 

RedfinNow expands to Las VegasOpen in a New Window

Redfin’s program through which homeowners can get cash offers for their homes has expanded to Las Vegas. Read on for more details.

 

Independent underwriters share their secretsOpen in a New Window

Gather the leaders of the nation’s independent title insurance underwriters on one stage, and the result likely will be a robust conversation about what smaller players in the industry must do compete with the Big Four and carve out their own niche. That was the case at the independent underwriter panel at the 2019 National Settlement Services Summit (NS3) in Phoenix.

 

Black Knight granted two patentsOpen in a New Window

The U.S. Patent and Trademark Office recently issued two patents for Black Knight innovation, the company announced. Read on for more details about the technologies which now are patented.

 

Small-business owner optimism remains solidOpen in a New Window

The small business Optimism Index dipped in September, but maintained a historically solid reading, according to the National Federation of Independent Business.

 

SLK Global appoints vice presidentOpen in a New Window

SLK Global Solutions has hired a mortgage industry veteran as vice president of mortgage sales and business development. Read on for more details.

 

Housing bidding wars down in SeptemberOpen in a New Window

Redfin said the least-competitive markets in September were Miami, Dallas and Austin, Texas. Read on for more details.

 

Counsellors adds title agentOpen in a New Window

New Jersey-based Counsellors Title Agency, Inc. has expanded its sales force of licensed title producers. Read on for more details.

 

Homebuilder links its title, mortgage businessesOpen in a New Window

The seventh-largest public homebuilder in the United States has linked its mortgage company and title insurance companies together in a new agency. Read on for more details on where the company primarily conducts business.

 

Kensington Vanguard expands C-SuiteOpen in a New Window

Kensington Vanguard National Land Services (KV) has expanded its C-Suite with the addition of an industry veteran who helped build and manage Ticor Title Guarantee Co. and Commonwealth Land Title Insurance Co. Read on for more details about KV’s latest hire.

 

The top stress points for home sellersOpen in a New Window

When it comes to selling a home, there are a variety of things that can produce stress, whether it’s deciding what repairs are worth making or juggling your life around showings. Read on for more details.

 

Percentage of refinances by millennials increasesOpen in a New Window

Ellie Mae attributed the increase in the percentage of refinances by millennials in August to interest rates on 30-year notes. Read on for more details.

 

LenderClose hires software developerOpen in a New Window

LenderClose said its newest hire brings its headcount to 28, a growth of 25 employees over 18 months. Read on for more details.

 

Zillow Offers expands into SacramentoOpen in a New Window

Zillow has expanded its program through which homeowners can sell directly to the company to Sacramento, Calif. Read on for more details.

 

Stewart releases group vice presidentOpen in a New Window

Less than a month after the collapse of its deal to be acquired by Fidelity National Financial, Inc., Stewart Information Services Corp. has released its first top executive, a group senior vice president.

 

364 Title Group acquires New Mexico agenciesOpen in a New Window

364 Title Group has acquired Guaranty Title Co. Carlsbad and New Mexico Guaranty Title Co., the company announced. Terms of the deal were not disclosed.

 

Thomas Title names COOOpen in a New Window

Scottsdale, Ariz.-based Thomas Title & Escrow has named a chief operating officer. Read on to learn what CEO and President Frank W. Busch III said about the new hire.

 

ATTOM Data Solutions announces GMOpen in a New Window

ATTOM Data Solutions has named a general manager for RealtyTrac, Home Disclosure and Homefacts. Read on for more details.

 

IDS partners with Mortgage BuilderOpen in a New Window

International Document Services, Inc.’s document preparation platform has been integrated with Mortgage Builder’s loan origination platform. Read on for more details.

 

Home purchase sentiment decreasesOpen in a New Window

The net share of Americans who in September said they are not concerned about losing their job fell by nearly 10 percent. Read on for more details.

 

Quicken offers eClosing in all statesOpen in a New Window

Quicken Loans announced Monday that it will roll out eClosing capabilities in all 50 states for the first time, becoming what it says is the first lender to offer eClosing throughout the country.

 

NFIB survey: Tax cuts helped small businessesOpen in a New Window

The vast majority of small-business owners believe the Republican tax relief bill passed in late 2017 has had a positive effect on the general economy, according to a recent survey from the National Federation of Independent Business.

 

Navesink Mortgage appoints CEOOpen in a New Window

New Jersey-based Navesink Mortgage Services (NMS) LLC has completed its Series B-3 equity financing and appointed a CEO. Read on for more details about the new CEO and his background.

 

Former ComplianceEase CEO joins NewDay USAOpen in a New Window

NewDay USA has added a former ComplianceEase CEO to its board of advisors. Read on for more details.

 

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