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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.


 

 

Second-best second quarter in 18 yearsOpen in a New Window

One of the best second quarters in the industry’s history produced a significantly decline in profits compared with last year, according to an analysis by the American Land Title Association.

 

Demotech affirms ATG’s ‘unsurpassed’ ratingOpen in a New Window

ATG said it has maintained the highest financial stability rating Demotech assigns to any regional title insurer in the United States for 24 consecutive years. Read on for more details.

 

Vantage Point Title integrates with Mortgage CadenceOpen in a New Window

Vantage Point Title has integrated Mortgage Cadence’s platform that automates processes and facilitates the exchange of documents and data, the companies said. Read on for more details about the integration.

 

Westcor hires Michigan agency representativeOpen in a New Window

Westcor Land Title Insurance Co. has hired an agency representative in Michigan. Read on for more details.

 

Median home price continues to riseOpen in a New Window

The metropolitan areas that had the biggest price increases in August were Knoxville, Tenn.; Camden, N.J.; and Greenville, S.C. Read on for more details.

 

Texan Title supplements underwriting teamOpen in a New Window

Texan Title Insurance Co. has added four vice presidents to its team, including two agency consultants and two agency coordinators. Read on for more details.

 

California real estate company launches escrow agencyOpen in a New Window

A California-based real estate technology company that has launched three related companies since April 2019 now has added an escrow agency, the company announced. Read on for more details.

 

Recession fears weighing on small-business ownersOpen in a New Window

Optimism among small-business owners decreased slightly during August, as fewer owners said they expect better business conditions and real sales volumes in the coming months, according to the National Federation of Independent Business’ Optimism Index.

 

Zillow Group announces Home Loans presidentOpen in a New Window

Zillow Group has hired a president of its Zillow Home Loans who will oversee its mortgage portfolio, which includes Marketplace and Mortech.

 

Foreclosure starts plummet in AugustOpen in a New Window

Twenty-one states and the District of Columbia had monthly decreases in foreclosure activity in August. Read on for more details.

 

NATC hires sales executiveOpen in a New Window

North American Title Co. has hired a sales executive for its San Diego region. Read on for more details.

 

Potential existing-homes sales increaseOpen in a New Window

Potential existing-home sales in August increased slightly in August, according to First American’s proprietary Potential Home Sales Model. Read on for more details.

 

What’s the future for Stewart?Open in a New Window

Following the collapse of Fidelity National Financial, Inc.’s bid to acquire Stewart Information Services Corp., Fidelity is flush with cash, an estimated $750 million with which it can return to shareholders or use to pursue mergers and acquisitions. But what’s next for Stewart, which was paid $50 million by Fidelity as part of the deal’s breakup?

 

What’s the future for Fidelity?Open in a New Window

Analysts say Fidelity National Financial, Inc. (FNF) is in the enviable position of having tons of cash and many options after this month’s collapse of its deal to acquire Stewart Information Services Corp. Read on to learn what analysts predict for Fidelity.

 

Title Alliance selects Phoenix for regional headquartersOpen in a New Window

Title Alliance, Ltd. has selected Phoenix for its regional headquarters in the western U.S., the company announced. Read on to learn where the office is located.

 

Legal 1031 Exchange announces general counselOpen in a New Window

Legal 1031 Exchange Services, a division of Kensington Vanguard National Land Services, has named a general counsel. Read on for more details.

 

NATC names division manager for southern NevadaOpen in a New Window

North American Title Co. has named a division manager for its southern Nevada region. Read on for more details.

 

Motto Mortgage opens Kentucky officeOpen in a New Window

Motto Mortgage has opened its first brick-and-mortar office in Kentucky. Read on for more details.

 

eTitle expands Michigan presenceOpen in a New Window

A title agency headquartered in Troy, Mich., has expanded its footprint with the opening of a new office in a historic building in downtown Detroit. Read on for more details from the company’s expansion.

 

Costs of data breaches expected to soarOpen in a New Window

The cost of data breaches is expected to will rise 11 percent annually through 2024, according to a new report from Juniper Research. Read on for more details from the report.

 

loanDepot opens Hawaii locationsOpen in a New Window

California-based mortgage lender loanDepot announced that it has opened a pair of retail locations in Hawaii. Read on for more details of the new Hawaii locations.

 

Agents National appoints underwriting counselOpen in a New Window

Agents National Title Insurance Co. has appointed a Southwest underwriting counsel. Read on for more details.

 

Simplifile adds 31 jurisdictionsOpen in a New Window

Simplifile has added 31 recording jurisdictions in 13 states throughout the Midwest, southwest and western U.S. to its eRecording network. Read on for more details.

 

Guaranteed Rate hires marketing executiveOpen in a New Window

Guaranteed Rate has hired a mortgage industry executive to oversee its retail marketing platform. Read on for more details.

 

OLTA installs new boardOpen in a New Window

The Ohio Land Title Association installed its new president, Chip Brigham, along with its board and handed out two major awards at its 2019 annual convention in Columbus. Read on for more details.

 

Fidelity-Stewart deal deadOpen in a New Window

The Big Four will not become the Big Three, as Fidelity and Stewart announced Tuesday morning that they would abandon the acquisition deal which first was announced in March 2018. In the wake of the announcement, Stewart said board director Frederick Eppinger would take over as CEO.

 

Beige Book: Most businesses optimistic about near-term outlookOpen in a New Window

On balance, reports from Federal Reserve Districts suggested that the economy expanded at a modest pace through the end of August. Read on for more details from the Fed’s latest Beige Book.

 

Closed Title expands into TennesseeOpen in a New Window

Closed Title has expanded its reach past Florida with the opening of a new office in Nashville, the company announced. Read on to learn where the new office is located.

 

Stewart, SnapClose integrateOpen in a New Window

Cornerstone Management Solutions has integrated Stewart Title Guaranty Co.’s policy jackets and closing protection letters into its SnapClose platform. Read on for more details.

 

New York, New England cities best positioned for next recessionOpen in a New Window

Two cities in New York, along with a neighboring one in Connecticut, have the lowest risk of a housing downturn in the next recession, according to a report by Redfin. Read on for more details.

 

LenderClose moving into larger spaceOpen in a New Window

LenderClose announced it is moving into a larger space in West Des Moines, Iowa. Read on for more details.

 

FTC challenges FNF-Stewart dealOpen in a New Window

Twelve days before the final deadline for Fidelity National Financial to close its acquisition of Stewart Information Services, the Federal Trade Commission announced it would look to block the deal.

 

iBuyer acquires national title companyOpen in a New Window

A real estate broker offering iBuyer services announced that it has purchased a national title and escrow company that has been one of its partners for three years. The move will allow the company to integrate title, escrow and closing services into its online buying and selling experience, the company said.

 

Texas gets a new underwriterOpen in a New Window

A Texas-based company nearly 25 years old announced that it received authority this year to begin underwriting title insurance policies in the state. The president of the company said it has always believed that agents and consumers should have a Texas-based choice when choosing a title insurance underwriter.

 

Entrust creates partnership with BankUnitedOpen in a New Window

Entrust Reconciliation Services, LLC and BankUnited, N.A. have announced a new partnership designed especially for the title and escrow industries. The agreement will expand opportunities for title agents, law firms, and settlement companies who use the banking capabilities of BankUnited.

 

NATC names division sales managerOpen in a New Window

North American Title Co. has named a new assistant vice president/division sales manager for its Sacramento region. She brings nearly 25 years of experience to her position.

 

CoreLogic shows home prices continue riseOpen in a New Window

CoreLogic released its latest Home Price Index report, showing that home prices continued their annual and month-over-month increases in July.

 

WEST adds new VPOpen in a New Window

WEST, a Williston Financial Group company focused on improving the entire residential real estate and mortgage transaction, has appointed a new vice president to lead the marketing and communications strategies for WFG's Enterprise Solutions group.

 

Axis processes 7 million documents using AI toolOpen in a New Window

Axis Technical Group recently shared a milestone, processing over 7.5 million complex real estate documents through its advanced AI solution Axis-AI, in under a month.

 

Strategic Funding Alternatives, LLC welcomes director of investor relationsOpen in a New Window

Strategic Funding Alternatives, LLC, a privately held commercial real estate investment firm, welcomes Julia Brines, a seasoned professional with more than 15 years’ experience in commercial banking and lending.

 

Churchill Mortgage partners with Sackcloth & AshesOpen in a New Window

Churchill Mortgage announced its collaboration with Sackcloth & Ashes, a nonprofit organization that aims to donate 1 million blankets to homeless shelters by 2024 through its “Blanket the United States” campaign.

 

Investment Title acquires NJ agencyOpen in a New Window

New Jersey-based Investment Title LLC has acquired a title agency in the Garden State that has been in business for more than four decades, the company announced. Terms of the deal were not disclosed.

 

Real estate brokerage launching lending divisionOpen in a New Window

An iBuyer that purchases homes directly from sellers has launched its own mortgage lending division in Texas and Arizona, with plans to expand elsewhere. Read on for more details.

 

Will Fidelity-Stewart deal close?Open in a New Window

An analyst who covers both Fidelity National Financial, Inc. and Stewart Information Services Corp. discussed chance of their merger proposal closing by the Sept. 18 deadline.

 

Fitch: Lower mortgage rates will extend housing momentumOpen in a New Window

A report from Fitch Ratings said lower mortgage rates will stabilize the housing market after the sluggish past nine months and that momentum will continue through 2019. Read on for more details from the report.

 

Small-business owners fear recessionOpen in a New Window

Eight out of 10 small-business owners are worried about a possible recession, yet less than half have taken steps to prepare for one, according to a recently released survey.

 

The Judicial Sales Corp. names president and CEOOpen in a New Window

The Judicial Sales Corp., a subsidiary of Attorneys’ Title Guaranty Fund, Inc., has named a new president and CEO. Read on for details.

 

Stewart supplements Georgia underwriting teamOpen in a New Window

Stewart Title Guaranty Co. has supplemented its underwriting team in Georgia. Read on for more details.

 

SoftPro, Black Knight integrateOpen in a New Window

SoftPro has integrated Black Knight, Inc.’s digital closing solution into its platform, the companies announced. Read on for more.

 

Redfin’s title, mortgage services help increase quarterly revenueOpen in a New Window

Partially driven by increased revenue produced by mortgage and title services, Redfin Corp.’s second-quarter revenue jumped nearly 40 percent, according to the company’s latest earnings statement. Read on for more details about Redfin’s second-quarter performance.

 

Roundtable outlines standard for corporate responsibilityOpen in a New Window

The influential Business Roundtable has released a new Statement of Purpose in which its CEO members commit to lead their companies for the benefit of all stakeholders, including employees and the communities in which they operate.

 

WACO Title opens new officeOpen in a New Window

Arkansas-based WACO Title has opened a new office in Missouri, the company announced. Read on to learn who will manage the title company’s new location.

 

Simplifile adds Rhode Island municipalityOpen in a New Window

Following the July passage of a law authorizing eRecording statewide in Rhode Island, Simplifile added the town of Westerly to its eRecording network. Read on for more details.

 

Mid America Mortgage appoints managing directorOpen in a New Window

Mid America Mortgage, Inc. has promoted Michael Cooksey to executive managing director of production. Read on for more details.

 

Adeptive, The Closing Exchange integrateOpen in a New Window

Adeptive Software has integrated The Closing Exchange’s CXChoice into its ResWare platform. Read on for more details.

 

Old Republic acquires Utah agencyOpen in a New Window

Old Republic National Title Insurance Co. recently acquired Utah-based Surety Title Agency, the company announced. Terms of the deal were not disclosed. Read on for more details.

 

Fintech company launches title-search platformOpen in a New Window

A Fintech company that provides property data and intelligence to banks, credit unions, and mortgage companies has launched a platform for title search reports. Read on for more details.

 

Small-business owners’ optimism growsOpen in a New Window

Optimism among small-business owners increased in July as expectations for business conditions, real sales, and expansion made solid gains, according to the National Federation of Independent Business.

 

NATIC adds state agency managerOpen in a New Window

North American Title Insurance Co. has added a state agency manager for Ohio and Northeast Kentucky. Read on for more details.

 

Rynoh reaches financial milestoneOpen in a New Window

Since its inception in 2007, Rynoh’s financial protection software has protected and monitored over ten million real estate and settlement closings worth more than $2.8 trillion. Read on for more details.

 

Gateway First Bank appoints chief servicing officerOpen in a New Window

Gateway First Bank has appointed industry veteran Stephen Staid as its chief servicing officer. Read on for more details.

 

Old Republic announces senior leadership changesOpen in a New Window

As the company nears the October retirement of its chairman and CEO, Old Republic International Corp. has announced several changes to its senior executive ranks. Read on for more details.

 

Stewart’s ‘excellent’ credit rating affirmedOpen in a New Window

AM Best has affirmed the financial strength rating and the long-term issuer credit ratings for the member companies of Stewart Title Group. Read on for more details.

 

Pango Group opens escrow companyOpen in a New Window

The California-based Pango Group has opened a new escrow company in Long Beach, the company announced. Read on to learn what Pango Group President Jeff Russell had to say about the new company.

 

Report: Number of vacant homes declines significantlyOpen in a New Window

The number of vacant homes and condos is down 22 percent since ATTOM Data Solutions’ last foreclosure vacancy report in 2016. Read on for more details.

 

Industry consultant releases bookOpen in a New Window

Well-known industry consultant and National Settlement Services Summit (NS3) speaker Cindy McGovern has compiled many of her sales and inspiration tips in a soon-to-be-released book. Read on for more details.

 

Homes prices continued upward trend in JulyOpen in a New Window

Redfin said home sales in July fell for the second month in a row, as did the number of homes for sale. Read on for more details.

 

Gateway First Bank selects Black KnightOpen in a New Window

Gateway First Bank has selected Black Knight, Inc.’s Ernst Fee Service. Read on for more details.

 

Digital lender raises an additional $160 millionOpen in a New Window

A digital mortgage lender backed by Kleiner Perkins, Goldman Sachs, and Pinebrook has raised an additional $160 million through a Series C funding, the company announced. Read on to learn what other companies have invested in the mortgage disrupter.

 

AM Best affirms Investors Title’s ‘excellent’ ratingOpen in a New Window

AM Best has affirmed the financial strength rating and the long-term issuer credit ratings of Investors Title Co.’s subsidiaries Investors Title Insurance Co. and National Investors Title Insurance Co. Read on for more details.

 

Agents National launches production facilityOpen in a New Window

Agents National Title Insurance Co. (ANTIC) has developed a full service production facility based in Winter Park, Fla., the company announced. Read on for more details.

 

Prices for new homes dip slightlyOpen in a New Window

Redfin said places that had large declines in new-home sale prices during the second quarter included San Jose, Calif., West Palm Beach, Fla., Honolulu, Miami, San Diego and Los Angeles. Read on for more details.


 

Calyx, FormFree integrateOpen in a New Window

Calyx has integrated AccountChek by FormFree’s automated asset verification platform into its Zip point-of-sale solution. Read on for more details.

 

Online brokerage launching into titleOpen in a New Window

The holding company of an online brokerage with more than 20,000 agents plans to launch an affiliated services platform that will provide mortgages, title services and home warranties.

 

Passport Title expands into FloridaOpen in a New Window

Maryland-based Passport Title Services, LLC has expanded its platform into the Sunshine State, the company announced. Read on to learn what Passport President and CEO John Cotter said about the company’s latest move.

 

AM Best: AmTrust balance sheet ‘very strong’Open in a New Window

AM Best has affirmed the financial strength rating (FSR) and the long-term issuer credit ratings (Long-Term ICR) for the members of the AmTrust Group. The credit rating agency also has affirmed the FSR and Long-Term ICR of AmTrust Title Insurance Co.

 

Alliant National appoints controllerOpen in a New Window

Alliant National Title Insurance Co. has appointed a company controller. Read on for more details.

 

Foreclosure filings decline during first half of yearOpen in a New Window

The states with the highest foreclosure rates in the first half of 2019 were New Jersey, Delaware, Maryland, Florida and Illinois. Read on for more details.

 

TrustLink Services adds sales representativeOpen in a New Window

TrustLink Services has hired a national sales representative. Read on for more details.

 

Conversation with the women of Title Alliance’s C-SuiteOpen in a New Window

The three recent additions to Title Alliance, Ltd.’s executive team created a C-Suite that is majority female, a rarity in both corporate America and the industry.

 

First American launches online resourceOpen in a New Window

First American Financial Corp. has launched an online information resource that will feature the initiatives and people driving innovation within the company. Read on to learn what CEO Dennis Gilmore had to say about the initiative.

 

CIT acquires Mutual of Omaha BankOpen in a New Window

CIT Bank, N.A. has agreed to acquire Mutual of Omaha Bank for $1 billion, both companies announced. The transaction is expected to close in the first quarter of 2020.

 

RamQuest integrates with ClosingLockOpen in a New Window

RamQuest, Inc. has integrated ClosingLock’s secure portal for document sharing into its platform. Read on for more details.

 

Luxury home prices back on the riseOpen in a New Window

The biggest increase in luxury home prices in the second quarter was in Paradise, Nev. Read on for more details.

 

NextDeal, Closer’s Choice integrateOpen in a New Window

NextDeal’s preDOCS and DigitalDocs technologies now are integrated with Closer’s Choice, Inc.’s digital network. Read on for more details.

 

TRG’s second-quarter revenues declineOpen in a New Window

Realogy Holdings Corp.’s Title Resource Group had a decline in revenues during this year’s second quarter, according to the company’s latest earnings statement. Read on for more details about TRG’s second-quarter performance.

 

KBRA affirms CATIC’s ratingOpen in a New Window

Kroll Bond Rating Agency recently affirmed the insurance financial strength rating for Connecticut Attorneys Title Insurance Co.

 

Small business hiring slowed in JulyOpen in a New Window

Job creation by small business declined in July, falling to an average addition of 0.12 workers per firm, according to the monthly jobs report from the National Federation of Independent Business (NFIB).

 

WFG appoints senior business development officerOpen in a New Window

WFG National Title Insurance Co. has appointed a senior business development officer for its New York City-based national commercial services division. Read on for more details.

 

Loan defects continue to declineOpen in a New Window

The five states with the greatest year-over-year decreases in defect frequency in June were Arkansas, Florida, Vermont, Utah, and Arizona. Read on for more details.

 

Ellie Mae enhances EncompassOpen in a New Window

Ellie Mae has expanded its Encompass platform with additional automation capabilities for home equity line of credit lending. Read on for more details.

 

Investors Title’s second-quarter revenues increaseOpen in a New Window

Investors Title Co.’s second-quarter revenues increased slightly and its net income declined, according to the company’s latest earnings statement. Read on for more details about Investors Title’s second-quarter performance.

 

GPST Holdings acquires Investment TitleOpen in a New Window

New Jersey-based GPST Holding, LLC has acquired Investment Title LLC from Kai Group Holdings, the companies announced. Terms of the deal were not disclosed.

 

AccuTitle acquires Magram OnlineOpen in a New Window

Kai Group Holdings’ company AccuTitle has acquired a web-based software tailored for the New York title insurance industry. Read on for more details.

 

SLK Global enhances SmartPropOpen in a New Window

SLK Global Solutions has enhanced its property search solution for real estate title agents and underwriters. Read on for more details.

 

Freedom Mortgage acquires J.G. Wentworth Home LendingOpen in a New Window

Freedom Mortgage Corp. has agreed to acquire J.G. Wentworth Home Lending. Read on for more details.

 

Zillow buying homes directly in NashvilleOpen in a New Window

Zillow has added Nashville to the locations where homeowners can request a cash offer for their homes through Zillow Offers. Read on for more details.

 

Mortgage company owner confirms identity in CFPB investigationOpen in a New Window

The owner of an independent mortgage company in Chicago, which The Title Report reported Sunday was under investigation by the Consumer Financial Protection Bureau, has confirmed his company’s role in the investigation.

 

Old Republic sets second-quarter revenues recordOpen in a New Window

Old Republic International Corp.’s second-quarter title revenues were the most in the company’s history, according to the company’s latest earnings report. Read on for more details about Old Republic’s second-quarter performance.

 

PGP Title’s second-quarter revenues increaseOpen in a New Window

The title division of Atlanta-based homebuilder Pulte Group, Inc. had a double-digit increase in revenues during the second quarter, according to the company’s latest earnings statement. Read on for more details about PGP Title’s second-quarter performance.

 

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