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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 reports ‘strong’ quarter, ‘banner’ yearOpen in a New Window

Fidelity National Financial, Inc.’s “strong” fourth quarter included a nearly 40 percent increase in pre-tax earnings, and its “banner” year included its highest pre-tax title margin in 17 years, according to the company’s latest earnings statement. Read on for more details from Fidelity’s latest earnings report.

 

Nashville agency launches smart tools, names CTOOpen in a New Window

A Nashville, Tenn.-based title and escrow company has launched a proprietary digital platform offering smart tools and transparent pricing and named a chief technology officer. Read on to learn about the company’s expansion plans.

 

Knight Barry acquires another Florida agencyOpen in a New Window

Knight Barry Title has acquired Island Title in St. Augustine, Fla., the company announced. Terms of the deal were not disclosed.

 

RecordsOnline adds executive sales directorOpen in a New Window

RecordsOnline has hired an executive sales director. Read on for more details.

 

Americans remain confident about housing marketOpen in a New Window

A majority of Americans in January continued to report that it’s a good time to both buy and sell homes. Read on for more details.

 

ClosingLock achieves record numbersOpen in a New Window

ClosingLock protected more than $14.3 billion in real estate wire transfers during 2019. Read on for more details.

 

First American’s quarterly, yearly revenues upOpen in a New Window

Spurred by an increase in refinances, First American Financial Corp.’s fourth-quarter and 2019 title revenues both increased. Read on for more details from First American’s latest earnings report.

 

Stewart, CertifID increase wire transfer coverageOpen in a New Window

Stewart Title Co. subsidiary Stewart Insurance has announced a new endorsement for select title professionals offering coverage up to $500,000 for all inbound and outbound wire funds transfers using CertifID. Read on for more details.

 

First American, SnapClose expand integrationOpen in a New Window

First American Title Insurance Co. has expanded it integration with real estate closing technology company SnapClose. Read on for more details.

 

Proper Title hires director of business developmentOpen in a New Window

Proper Title, LLC. has hired an industry veteran as its director of business development. Read on for more details.

 

More than a quarter of U.S. properties equity-richOpen in a New Window

The states with the highest share of equity-rich properties in the fourth quarter were California, Vermont, Hawaii, Washington and New York. Read on for more details.

 

Luxury home prices reboundOpen in a New Window

During the fourth quarter, the biggest price gains in luxury home prices were in West Palm Beach, Fla., Charlotte, N.C., and Tampa, Fla. Read on for more details.

 

Stewart reports ‘break-even’ fourth-quarter resultsOpen in a New Window

Stewart Information Services Corp. reported break-even results for the fourth quarter of 2019 compared with last year’s fourth-quarter net income. Read on for more details.

 

ALTA releases data privacy principlesOpen in a New Window

The American Land Title Association’s (ALTA) newly released data privacy principles recommend the development of a single, national standard. Read on for more details about the association’s data privacy principles.

 

Alliant National hires state agency managerOpen in a New Window

Alliant National Title Insurance Co. has hired a state agency manager for Missouri, Kansas and Nebraska. Read on for more details.

 

Percentage of homes selling above list declined in 2019Open in a New Window

San Jose, Calif. and San Francisco led the country in 2019 in the median amount above asking that sellers received. Read on for more details.

 

Black Knight, Quicken extend contractOpen in a New Window

Quicken Loans has extended its contract for Black Knight, Inc.’s MSP servicing system and is adding multiple Black Knight solutions. Read on for more details.

 

First American acquires DocutechOpen in a New Window

First American Financial Corp. has reached an agreement to acquire eClose and fulfillment-technology provider Docutech for $350 million, the companies announced.  Read on for more details.

 

Fidelity acquires annuity and life insurance companyOpen in a New Window

Less than six months after terminating a proposed deal to acquire fellow Big Four title insurance underwriter Stewart, Fidelity National Financial (FNF) has agreed to acquire a Cayman Islands-based provider of annuities and life insurance. Read on for more details.

 

CEO updates Stewart’s strategyOpen in a New Window

Following the completion of a 100-day strategic review, Stewart Information Services Corp. began the process of making the company more competitive and resilient. CEO Fred Eppinger said Stewart has identified areas where it needs to target investments to improve its competitive position in each of its businesses.

 

M.D.C. Holdings reports yearly growthOpen in a New Window

The parent company of American Home Title and Escrow Co. reported a double-digit increase in profits during 2019, according to the company’s latest earnings statement. Read on for more details.

 

RynohLive adds vice presidentOpen in a New Window

RynohLive has hired a vice president of sales. Read on for more details.

 

Refinances by millennials declineOpen in a New Window

The percentage of refinances among millennials in December dropped for the second straight month. Read on for more details.

 

Cook & James adds two attorneysOpen in a New Window

Atlanta-based Cook & James has added two attorneys to its firm. Read on for more details.

 

Title agents assess TRID’s effectivenessOpen in a New Window

The Consumer Financial Protection Bureau has received dozens of comment letters from title agents and settlement attorneys offering recommendations for modifying, expanding or eliminating its TILA-RESPA Integrated Disclosures (TRID) rule. Read on to learn what title agents believe is good and bad about TRID.

 

Clear Title appoints two executive vice presidentsOpen in a New Window

Clear Title Agency of Arizona has expanded its leadership team with the addition of two executive vice presidents. Read on to learn more about the two newest members of Clear Title’s executive team.

 

Small-business hiring on the riseOpen in a New Window

Small-business owners added employees during January, and many are planning to raise pay levels to fill open positions, according to a jobs report from the National Federation of Independent Businesses (NFIB).Read on for more details.

 

LandStar Title expands business development teamOpen in a New Window

LandStar Title Agency has expanded its business development team with the addition of three vice presidents. Read on for more details.

 

Docutech, Origence integrateOpen in a New Window

Docutech has integrated Origence’s mortgage lending documents into its ConformX and Solex platforms. Read on for more details.

 

Vantage Point Title hires vice presidentOpen in a New Window

Florida-based Vantage Point Title has hired a vice president of strategic accounts. Read on for more details.

 

Stewart makes C-Suite appointmentOpen in a New Window

Stewart Information Services Corp. has expanded its C-Suite with the selection of a company veteran to oversee the people side of its business. Read on for more details.

 

SB Financial Group’s title operation growsOpen in a New Window

Ohio-based SB Financial Group, Inc.’s title company topped more than $1 million in revenues and increased its commercial title business by 20 percent during 2019, according to the company’s latest earning statement. Read on for more details.

 

SingleSource launches new title productOpen in a New Window

Pittsburgh-based SingleSource now is offering a Deed in Lieu title product which provides full, state-driven searches at 20, 40 and 60 years. Read on for more details about the new product.

 

String hires vice president, senior account executiveOpen in a New Window

String Real Estate Information Services has hired a vice president of sales as well as a senior account executive. Read on for more details.

 

Majority of top neighborhoods in SoutheastOpen in a New Window

Half of this year’s top neighborhoods to watch are located in Virginia, Florida, North Carolina and Tennessee. Read on for more details.

 

O’Kelley and Sorohan expands commercial operationsOpen in a New Window

Georgia-based O’Kelley and Sorohan, Attorneys at Law, LLC has expanded its commercial real estate department with the addition of a law firm specializing in that area. Read on for more details.

 

WFG names COO for its NTS divisionOpen in a New Window

WFG National Title Insurance Co. has expanded its National Title Services (NTS) support division and named a chief operating officer (COO) for it. Read on for more details the newest member of WFG’s executive leadership team.

 

Proper Title adds another officeOpen in a New Window

Chicago-area Proper Title, LLC has opened a new office in Park Ridge, Ill. Read on for more details about the company’s newest location.

 

Real estate platform launches home trade-in programOpen in a New Window

A San Francisco-based company has launched products which allow prospective buyers to make an all-cash offer on a new home — even before they sell their existing home, or even if they plan to get a loan. Read on to learn more about the programs.

 

Home-seller profits hit 13-year high in 2019Open in a New Window

Last year’s average profit for home sellers in the U.S. was the highest since 2006. Read on for more details.

 

Mortgage Connect appoints senior vice presidentOpen in a New Window

Mortgage Connect LP has appointed an industry veteran to serve as senior vice president of procurement and vendor management. Read on for more details.

 

Consumer house-buying power increases slightlyOpen in a New Window

The five states with the greatest year-over-year decrease in real house prices in November were New Mexico, California, Utah, Nebraska and Mississippi. Read on for more details.

 

Old Republic’s title revenues hit all-time highOpen in a New Window

Old Republic International Corp.’s title division set both fourth-quarter and yearly records for revenues, according to the company latest earnings statement. Read on for more details from Old Republic’s latest earnings report.

 

Fidelity taps former Stewart executive to guide Alamo TitleOpen in a New Window

A little more than a month after departing Stewart, Fidelity National Financial has hired industry veteran John Magness as an executive vice president and executive vice president of Alamo Title Co. Read on for more details.

 

Roc360 launches lending platformOpen in a New Window

A financial services platform for residential real estate investors, which also provides title services, has launched a lending platform. Read on for more details.

 

LenderClose hires strategistOpen in a New Window

LenderClose has hired a UX strategist and engagement lead. Read on for more details.

 

December home inventory hits seven-year lowOpen in a New Window

Home inventory in December was down year-over-year in 31 of the 35 largest housing markets. Read on for more details.

 

iBuyers expand into Florida, Alabama marketsOpen in a New Window

The iBuyers Offerpad and Keller Offers are partnering to provide services in Birmingham, Ala., and Jacksonville, Fla. Read on for more details.

 

The CFPB wants your input on TRIDOpen in a New Window

The Consumer Financial Protection Bureau is urging title and settlement agents to help it assess the TILA-RESPA Integrated Disclosures rule by participating in a survey. Read on for more information about the survey.

 

Spruce opens headquarters in CaliforniaOpen in a New Window

A national title insurance and escrow company which bills itself as the first “digital-native title company” has opened a new West Coast headquarters in California. Read on for more details.

 

Proliant Settlement Systems hires executive VPOpen in a New Window

Michigan-based title company franchisor Proliant Settlement Systems has hired an executive vice president to help it expand its offering beyond two states. Read on for more details.

 

Sprout Mortgage hires chief compliance officerOpen in a New Window

New York-based Sprout Mortgage has hired a chief compliance officer and general counsel. Read on for more details.

 

December home prices increased sharplyOpen in a New Window

U.S. home-sale prices increased nearly 7 percent year-over-year in December. Read on for more details.

 

loanDepot Wholesale hires regional sales managerOpen in a New Window

loanDepot Wholesale has hired a regional sales manager for its South Region. Read on for more details.

 

Stewart taps industry veteran to oversee eight statesOpen in a New Window

Stewart Information Services Corp. has named a group senior vice president for the Pacific Northwest and Mountain States. Read on to learn who Stewart promoted and why.

 

Covius acquires Clayton ServicesOpen in a New Window

Covius Holdings, Inc. has acquired Clayton Services, LLC from Radian Group Inc. Read on to learn what Covius Chairman and CEO Rob Clements said about the acquisition.

 

The Pango Group rebrands California holdingOpen in a New Window

The Pango Group has rebranded its Escrow Trust Advisors in Pasadena, Calif. Read on to learn what Pango Group President Jeff Russell said about the change.

 

Zillow partners with regional homebuildersOpen in a New Window

Zillow has partnered with regional homebuilders across the country to help home sellers move into their new construction homes by helping them sell their existing homes. Read on for more details.

 

Foreclosures plummeted in 2019Open in a New Window

Foreclosure filings in 2019 reached their lowest level since ATTOM Data Solutions began tracking it in 2005. Read on for more details.

 

Union Home Mortgage names regional managerOpen in a New Window

Ohio-based Union Home Mortgage has hired a regional manager for its upper Midwest region. Read on for more details.

 

Report: Builder confidence hovering near 20-year highOpen in a New Window

Builder confidence in the market for newly built single-family homes remained as high as it’s been in more than two decades, according to the latest NAHB/Wells Fargo Housing Market Index. Meanwhile, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported that housing starts in December reached a 13-year high.

 

National staffing firm expands into title and escrowOpen in a New Window

A national staffing firm based in Pittsburgh is expanding its services into the title, escrow and mortgage industries. Read on to learn more details about the principals involved with the company.

 

Midwest Loan selects Black KnightOpen in a New Window

Midwest Loan Services has signed a seven-year contract to use Black Knight, Inc.’s MSP servicing system, as well as its servicing digital product, actionable intelligence platform (AIP), and several solutions to support its default operations. Read on for more details.

 

PropLogix getting new digsOpen in a New Window

PropLogix in February will move into a new facility in Sarasota, Fla., for which the company spent $10.5 million. Read on for more details.

 

LenderClose adds operations specialists, software engineerOpen in a New Window

LenderClose has expanded its team with the addition of two operations specialists and a software engineer. Read on for more details.

 

Caliber Home Loans hires executive vice presidentOpen in a New Window

Texas-based Caliber Home Loans, Inc. has hired an executive vice president, third party originations. Read on for more details.

 

Financial services platform rebrandsOpen in a New Window

A New York-based financial services platform which provides title services through Wimba Title has rebranded. Read on for learn what the company’s co-founder and CEO said about the change.

 

Passport Title travels into Bluegrass StateOpen in a New Window

Maryland-based Passport Title Services has expanded into Kentucky, escalating its footprint to seven states and the District of Columbia. Read on for more details.

 

AmTrust adds executive to its commercial divisionOpen in a New Window

AmTrust Title Insurance has hired the former CEO of Team Bebon and its staff to join its Commercial Real Estate division. Read on for more details.

 

NTC adds COO to its boardOpen in a New Window

Nationwide Title Clearing, Inc. has appointed its chief operations officer to its board of directors. Read on for more details.

 

Docutech, MortgageFlex integrateOpen in a New Window

MortgageFlex Systems has integrated Docutech’s print fulfillment technology into its loan origination system. Read on for more details.

 

SimpleNexus fills senior leadership positionsOpen in a New Window

Utah-based SimpleNexus recently filled several senior-level positions, including chief sales officer and a vice president of people operations. Read on for more details.

 

ATG joins reinsurance allianceOpen in a New Window

Chicago-based Attorneys’ Title Guaranty Fund, Inc. has joined the American Title Reinsurance Alliance (ATRA), becoming the 10th member to insure transactions up to $500 million with the backing of the top title reinsurance syndicates in London. Read on for more details.

 

MBL, CPEC 1031 partner to offer exchange servicesOpen in a New Window

Dallas-based MBL Title has partnered with CPEC1031 to offer exchange services to real estate clients. Read on for more details of the new services MBL Title can offer thanks to the partnership.

 

Small-business employment levels flat in DecemberOpen in a New Window

Small businesses produced record-high sales during December, but employment levels were flat, according to the CBIZ Small Business Employment Index. Read on to learn which regions of the country performed the best during December.

 

Cities at top end of home prices growOpen in a New Window

The number of cities where typical home values are at least $1 million has grown 51 percent over the last five years, but the pace of growth has slowed in the past year, according to an analysis by Zillow.

 

loanDepot expands footprint with first Utah locationOpen in a New Window

For the first time, loanDepot is taking its talents to Utah, announcing the opening of its first Utah location.

 

Delinquencies at lowest level in two decadesOpen in a New Window

The latest Loan Performance Insights Report from CoreLogic shows the overall delinquency rate at their lowest mark in at least 20 years.

 

Matthew Morris resigns as Stewart presidentOpen in a New Window

The last executive of the Morris and Stewart families that founded and ran Stewart Title since its inception in 1893 has announced his departure. Matthew Morris, the president of Stewart Title and former CEO, announced his departure from the company, effective immediately.

 

Notarize, Stewart partner on hybrid, fully online closingsOpen in a New Window

Notarize and Stewart Title announced a new partnership which will give Stewart’s direct offices and independent agents the ability to offer fully online and hybrid closings powered by Notarize.

 

Qualia launches cloud-based enterprise platformOpen in a New Window

Qualia has launched a cloud-based real estate platform designed for large and growing title and escrow operations, the company announced. Read on for more details.

 

Clear Title Agency of Arizona committed to community revitalizationOpen in a New Window

Clear Title Agency of Arizona has launched into 2020 by making a significant investment in the Central City South Neighborhood Revitalization initiative with Habitat for Humanity of Central Arizona.

 

Owning more affordable than renting in most countiesOpen in a New Window

Owning a median-priced, three-bedroom home is more affordable than renting a three-bedroom property in more than half of all U.S. counties. Read on for more details.

 

Docutech platform surpasses 38,000 digital closesOpen in a New Window

Since its launch in 2017, lenders have used Docutech’s Solex eClosing platform to digitally close more than 38,000 loans. Read on for more details.

 

Nations Lending hires division sales managerOpen in a New Window

Nations Lending has hired a division sales manager. Read on for more details.

 

Closing the gap on eMortgagesOpen in a New Window

A recent report from Fitch Ratings cast doubt on the widespread adoption of eMortgages and eClosings in the short term. But one company is hoping its new product offering can help speed that transition, with a focus on helping settlement agents along the way.

 

Xome gets new CEOOpen in a New Window

Mr. Cooper Group Inc. has appointed a CEO for its real estate services subsidiary Xome Holdings LLC, the company announced. Read on for more details.

 

Wyndham Capital Mortgage announces president, COOOpen in a New Window

Wyndham Capital Mortgage has promoted Ben Cowen to president and Josh Hankins to chief operating officer. Read on for more details.

 

Landtrust National Title expands teamOpen in a New Window

Landtrust National Title Services Corp. has added three industry veterans to its commercial title insurance team. Read on for more details.

 

CATIC launches new websiteOpen in a New Window

CATIC recently launched a new website designed to enable better navigation and provide agents with a more consistent workflow. Read on for more details.

 

Elegran names director of salesOpen in a New Window

A technology-driven real estate brokerage In New York has named a director of sales, promoted another team member, and added new agents. Read on for more details.

 

States Title receives another patentOpen in a New Window

States Title Holding, Inc. has received yet another patent which it says will help the company disrupt the title insurance industry. Read on to learn how the company’s chief data scientist developed this latest invention.

 

The Closing Agent performs Florida RONOpen in a New Window

Just hours after a state law regulating remote online notarization (RON) took effect, The Closing Agent, LLC performed what it called Florida’s first RON closing. Read on for more details about the RON closing.

 

AI assistant added to ResWareOpen in a New Window

Adeptive Software has partnered with Alanna.ai to add an artificial intelligence-based (AI) customer assistant to its ResWare platform. Read on to learn more.

 

Knight Barry names regional managerOpen in a New Window

Knight Barry Title Group has named a regional manager. Read on for more details.

 

Calyx releases new version of its LOSOpen in a New Window

Calyx has released a new version of its cloud-based Path loan origination system. Read on for more details.

 

Cherry Creek Mortgage appoints executive vice presidentOpen in a New Window

Colorado-based Cherry Creek Mortgage Co. has appointed an executive vice president, capital markets. Read on for more details.

 

iBuyer raises $36 million, rebrandsOpen in a New Window

An iBuyer that provides services in Colorado, Georgia and Texas and also operates its own title and escrow company in Texas has rebranded. Read on for more details.

 

Kensington acquires commercial title agencyOpen in a New Window

Kensington Vanguard National Land Services has acquired a national commercial title insurance agency with offices in Virginia, Arizona, Texas and Missouri. Read on for more details about the acquisition.

 

Agents National names COOOpen in a New Window

Agents National Title Insurance Co. (ANTIC) has named a former First American executive as its chief operating officer, the company announced. Read on to learn more.

 

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