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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.


 

 

Finance professionals top target for cybercriminalsOpen in a New Window

New research indicates that some companies inadvertently are making it easy for cybercriminals by improperly backing up their email archives. The report said finance professionals are at the top of cybercriminals’ target lists.

 

AmTrust teams up with CertifIDOpen in a New Window

AmTrust Title announced it will partner with CertifID and will cover the costs associated with the transactional use of CertifID for its network of title agents, nationally. CertifID allows title agencies to securely send and confirm wiring instructions and guarantees each wire up to $1 million.

 

Silk Title moves toward digital closingsOpen in a New Window

Silk Title & Escrow announced it will collaborate with Wyndham Capital Mortgage and Notarize to bring fully digital closings to its clients.

 

First American report finds affordability declinesOpen in a New Window

First American Financial announced that consumer homebuying power declined from a year ago as affordability in a rising interest rate environment continues to be a concern.

 

Millennial conventional loans at three-year highOpen in a New Window

Millennial homebuyers turned to conventional purchase loans in August at the highest rate in three years, according to Ellie Mae’s Millennial Tracker.

 

ICE buys up remainder of MERSOpen in a New Window

Two years after acquiring a majority interest in MERSCORP Holding, the Intercontinental Exchange, Inc. (ICE) announced it purchased the remainder of the company.

 

LenderLive rebrands; reQuire maintains identityOpen in a New Window

LenderLive will take on a new name through a rebranding of the company, but reQuire will keep its branding moving forward, the company announced. Covius Holdings will become the new name for LenderLive. Covius Services President Pete Pannes discussed the changes with The Title Report.

 

NATIC launches new policy applications systemOpen in a New Window

North American Title Insurance Co. has launched a new policy applications system within its agent portal, the company announced.

 

Qualia touts ‘first of kind’ integration with EncompassOpen in a New Window

Qualia has announced an integration with Ellie Mae’s Encompass digital mortgage solution that it said is the mortgage industry’s first two-way integration with a title, escrow and closing software.

 

LenderClose adds technology directorOpen in a New Window

LenderClose announced that the company has hired a director of technology.

 

RynohLive unveils redesigned user interfaceOpen in a New Window

RynohLive recently unveiled a redesigned user interface that has an updated look and select system enhancements.

 

Report: Homes least affordable in a decadeOpen in a New Window

U.S. home prices in the third quarter were at the least affordable level since the third quarter of 2008, according to ATTOM Data Solutions’ Q3 2018 U.S. Home Affordability Report.

 

Credit union offering commercial eClosingsOpen in a New Window

A credit union is partnering with Pavaso to offer eClosings on commercial loans. Read on for more details.

 

The Title Report live as ALTA One underwayOpen in a New Window

Hundreds of title industry participants are convening this week at the American Land Title Association’s ALTA One Conference at the JW Marriott at LA Live in Los Angeles. The Title Report is on site for all the latest. Read on for more details.

 

WFG adds senior vice presidentOpen in a New Window

WFG National Title has hired a senior vice president of national business development. Read on for more details.

 

DocMagic integrates NotaryCamOpen in a New Window

DocMagic, Inc. has integrated NotaryCam’s remote service into its eClose platform. Read on for more details.

 

AmTrust adds Carolinas agency groupOpen in a New Window

AmTrust Title Insurance Co. has expanded its professional team in the Southeast by adding a Carolinas agency group. Read on for more details.

 

Stewart continues acquisition spreeOpen in a New Window

Less than one month after announcing its acquisition of a Tennessee-based title and escrow company, Stewart has purchased the assets of a Texas title agency. Read on learn more about this latest acquisition.

 

NATC links with Pavaso’s eClosing platformOpen in a New Window

North American Title Co. (NATC) has connected its agents to Pavaso’s eClosing platform to assist its lender customers who are on the platform, the companies announced. Read on for more details.

 

Alliant National, Qualia partnerOpen in a New Window

Alliant National Title Insurance Co.’s policies, closing protection letters and rate calculation have been integrated within Qualia’s title, escrow and closing software platform, the companies announced. Read on to learn what the CEOs of both companies had to say about the integration.

 

Simplifile adds 29 jurisdictionsOpen in a New Window

Simplifile has added 29 recording jurisdictions in six states throughout the southeastern U.S. to its eRecording network. Read on for more details.

 

NAR announces senior management changesOpen in a New Window

The National Association of Realtors has announced changes to its senior management team. Read on for more details.

 

Foreclosures rose in August from previous monthOpen in a New Window

One in every 1,910 U.S. properties had a foreclosure filing in August 2018. Read on for more details from the latest ATTOM Data Solutions Foreclosure Activity Report.

 

Old Republic acquires software providerOpen in a New Window

Old Republic Title has acquired a New Hampshire-based software applications and systems development company that provides cutting-edge, cloud-based title and closing software for small and mid-size title insurance agencies. Read on for more details about Old Republic’s latest acquisition.

 

LexisNexis: Fraud costs increase nearly 10 percentOpen in a New Window

Financial services companies incur nearly $3 in costs for every dollar of fraud, according to a recently released report from LexisNexis Risk Solutions. Read on for more details from the LexisNexis report, which surveyed 175 executives in financial services companies across the country.

 

Res/Title chooses Pavaso’s eClosing platformOpen in a New Window

Res/Title has selected Pavaso’s platform through which to offer comprehensive paperless, digital closings to its clients, the companies announced. Read on for more details about the step Res/Title is taking toward offering eClosings.

 

Agents National appoints Texas managerOpen in a New Window

Agents National Title Insurance Co. has appointed a Texas agency manager. Read on for details.

 

ResWare integrates CertifIDOpen in a New Window

A new integration will enable ResWare users to access CertifID’s management platform for wire fraud prevention. Read on for more details.

 

AmTrust supplements Florida staffOpen in a New Window

AmTrust Title Insurance Co. has hired a real estate attorney as a sales representative/counsel based in Florida. Read on for more details.

 

System slow? You might be hackedOpen in a New Window

A new report from McAfee spotlights a surge in crypto mining malware that began during the fourth quarter of last year and continued through the first half of 2018. Read on for more details from McAfee’s latest report.

 

Economists: Job gains neutralizing interest hikesOpen in a New Window

The Federal Reserve’s Board decision to raise short-term interest rates for the third time this year is not likely to derail the housing market, as jobs gained in the strengthening economy are neutralizing rate hikes, according to some economists. Read on to learn more of what the economists are saying about the latest rate hike.

 

SoftPro integrates Attorneys TitleOpen in a New Window

SoftPro has integrated Attorney Title Guaranty Fund, Inc. (ATGF) into its business exchange platform, the companies announced.The integration will enable mutual clients to generate ATGF closing protection letters, commitments and policies from within SoftPro’s platform. Read on for more details.

 

Record number of home sellers drop listing priceOpen in a New Window

The percentage of home sellers who reduced their price during a four-week period ending Sept. 16 is the highest level on record since 2010. Read on for more details from Redfin’s analysis.

 

Stewart names director of client learningOpen in a New Window

Stewart Title has appointed an underwriting counsel and director of client learning to support independent agents in the Southeast. Read on for more details.

 

Loan defects rise slightlyOpen in a New Window

The frequency of defects, fraudulence and misrepresentation in mortgage loan applications increased slightly during August. Read on for more details from the First American Loan Application Defect Index.

 

Howard Hanna, Allen Tate merger joins title companiesOpen in a New Window

Howard Hanna Real Estate Services and the North Carolina-based Allen Tate Companies have merged, creating a unified company with more than 11,000 agents and employees in 326 offices across nine states. Read on to learn what executives from both companies had to say about the merger.

 

Vantage Point selects PavasoOpen in a New Window

Clearwater, Fla.-based Vantage Point Title has selected Pavaso’s eClosing platform to conduct digital closings, the companies announced. Read on to learn why Vantage Point President and CEO Robert Jackson said Pavaso was the right choice for his company.

 

Holler Law migrates management system to VirtustreamOpen in a New Window

Connecticut-based Holler Law Firm has migrated its on-premises business process management system to the cloud with the Virtustream Enterprise Cloud, the companies announced. Read on for more details about this change.

 

Percentage of refinances increased in AugustOpen in a New Window

For the first time in 2018, the percentage of closed refinances increased during August. Read on for more details from Ellie Mae’s Origination Insight Report.

 

Anderson Biro adds staffing divisionOpen in a New Window

Anderson Biro, LLC has added an Ohio-based staffing division that will service clients needing contract and temporary-to-permanent placements. Read on for more details.

 

Freddie Mac certifies DocMagic eVault, platformOpen in a New Window

Freddie Mac has certified DocMagic’s software as a service eVault technology and SmartREGISTRY platform. Read on for more details.

 

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.

 

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