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First American launches mobile-first title and escrow company
Posted Date: Thursday, November 14, 2019
First American Financial Corp. (FAF) 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.
FAF said the new company combines its title and settlement expertise with the innovative approach of an agile startup to provide a digital real estate closing experience from start to finish.
Read on for more details.
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Fidelity records best third quarter in 16 years
Posted Date: Tuesday, November 5, 2019
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.
Additionally, Fidelity’s top executives discussed the company’s strategy moving forward following the September collapse of its deal to acquire Stewart.
Read on for more details from FNF’s latest earnings statement.
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Qualia raises an additional $55 million
Posted Date: Thursday, November 14, 2019
Qualia has raised $55 million in Series C financing led by Tiger Global, increasing its total funding to $95 million, the company announced.
Qualia said the new funding will be used to hire top talent in their product, engineering and go-to-market teams, with a focus on accelerating growth and building strategic partnerships.
Read on for more details.
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Synergy One Lending to use Radian Group’s title services
Posted Date: Thursday, November 14, 2019
Synergy One Lending will use the Radian Group Inc.’s centralized title service for customers refinancing their mortgages, the companies announced.
Synergy One President Steve Majerus said Radian’s centralized title service “allows us to provide our customers with a simple and clear process that saves them money.”
Read on for more details.
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Luxury home prices back on the rise
Posted Date: Thursday, November 14, 2019
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.
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loanDepot announces vice president
Posted Date: Thursday, November 14, 2019
loanDepot has added mortgage industry veteran to its retail lending channel production leadership team.
Read on for more details.
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Wolters Kluwer’s Lien Solutions earns awards
Posted Date: Tuesday, November 12, 2019
Wolters Kluwer’s Lien Solutions has earned two 2019 BIG Awards for Business for product innovations it developed on behalf of financial services client firms.
Read on more details.
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RamQuest donates to Habitat for Humanity
Posted Date: Tuesday, November 12, 2019
RamQuest announced that it raised $1,540 for Austin Habitat for Humanity as part of the company’s ALTA ONE participation in October.
Read on for more details.
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Greater Illinois Title named best title company
Posted Date: Tuesday, November 12, 2019
Greater Illinois Title Co. was voted best title company of the year by real estate agents in the Chicago Magazine Agents’ Choice Awards.
Read on for more details.
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Zillow begins title and escrow services
Posted Date: Tuesday, November 12, 2019
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, during which it reported that significant growth in its homes segment helped the real estate platform more than double its third-quarter revenues.
Read on for more details from Zillow’s third-quarter earnings report.
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Iowa Title Guaranty selects Qualia
Posted Date: Tuesday, November 12, 2019
Iowa Title Guaranty (ITG) has selected Qualia as the platform of record for title production operations and commercial escrow services, the agency announced.
ITG is the state agency with exclusive authority to provide title coverage for Iowa real property. It said this is the first time Iowa has selected a vendor for its internal real estate operations.
Read on for more details.
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Iberiabank, First Horizon merging
Posted Date: Tuesday, November 12, 2019
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.
The combined holding company and bank will operate under First Horizon’s name and will be headquartered in Memphis, Tenn. The merger is expected to close in the second quarter of 2020.
Read on for more details.
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Proper Title adds to staff
Posted Date: Tuesday, November 12, 2019
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.
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Docutech integrates with NotaryCam
Posted Date: Tuesday, November 12, 2019
Docutech has integrated NotaryCam’s remote online notarization services into its platform.
Read on for more details.
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More than quarter of properties equity rich
Posted Date: Tuesday, November 12, 2019
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.
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Real estate tech platform attracts $109 million
Posted Date: Thursday, November 7, 2019
A real estate technology platform which provides title and escrow services has closed $109 million of new financing, the company announced.
In January, the company launched its Agent Services division to provide title and escrow services to agents and home sellers and plans to expand to 30 markets in 2020.
Read on for more details.
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Stewart’s third-quarter earnings improve
Posted Date: Thursday, November 7, 2019
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.
Stewart’s third-quarter earnings also were boosted by $50 million termination fee received from Fidelity National Financial following September’s termination of the acquisition agreement between the two companies.
Read on for more details from Stewart’s latest earnings report.
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Black Knight, PennyMac file lawsuits
Posted Date: Thursday, November 7, 2019
Industry giants and longtime business partners Black Knight and PennyMac Financial each have filed lawsuits against the other, alleging questionable business practices.
Black Knight claims PennyMac used access to its LoanSphere MSP platform to create an imitation product. PennyMac claims Black Knight uses its platform to stifle competition and to engage in unfair business practices.
Read on for more details.
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Fidelity National appoints vice president
Posted Date: Thursday, November 7, 2019
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.
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ClosingLock integrates with Plaid
Posted Date: Thursday, November 7, 2019
ClosingLock has integrated Plaid’s bank account verification services into its platform.
Read on for more details.
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Percentage of ‘zombie’ properties declines
Posted Date: Thursday, November 7, 2019
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.
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First American introduces data solution
Posted Date: Tuesday, November 5, 2019
First American Mortgage Solutions has launched a configurable data solution with instant property and borrower analytics, the company announced.
First American said its new solution is powered by its title data and enables lenders and servicers to streamline their review process, create efficiencies and identify risks. The solution provides access to more than 30 configurable data sources.
Read on for more details.
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Insight One Financial launched
Posted Date: Tuesday, November 5, 2019
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.
The new company is part of the family of companies commonly owned and managed by Steven Stallard under Insight One, including MSI, Williams & Williams, Auction Network, and I Property Claims.
Read on for more details.
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Consumer house-buying power increases
Posted Date: Tuesday, November 5, 2019
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.
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Old Republic’s quarterly title income increases
Posted Date: Thursday, October 31, 2019
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.
However, Old Republic reported an overall decline in third-quarter net income and flat quarterly revenue, as growth in investment income was not sufficient to offset weaker underwriting results.
Read on for more details from Old Republic’s latest earnings report.
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Texas law firm expands into title agency
Posted Date: Thursday, October 31, 2019
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.
The company will provide escrow and closing services to owners and investors in residential and commercial real estate. It promises to provide “a fresh, progressive approach to the title insurance industry.”
Read on for more details.
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WFG, Collateral Analytics to provide automated valuation
Posted Date: Thursday, October 31, 2019
Williston Financial Group (WFG) and its Valutrust Solutions company have collaborated with Collateral Analytics (CA) to provide automated valuation offerings, the companies announced.
Valutrust President Sean Pyle said adding CA’s offering to its platform is “a game changer for us and our lender customers.”
Read on to learn why WFG believes the collaboration will be beneficial for its customers.
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SLK Global integrates with Black Knight
Posted Date: Thursday, October 31, 2019
SLK Global Solutions’ property search solution SmartProp now is integrated with the Black Knight ExchangeSM platform.
Read on for more details.
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MBA honors First American’s Pfotenhauer
Posted Date: Thursday, October 31, 2019
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.
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Median home price reaches new high
Posted Date: Thursday, October 31, 2019
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.
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eXp Realty names CEO
Posted Date: Tuesday, October 29, 2019
eXp World Holdings subsidiary eXp Realty has named a company veteran as its CEO, the company announced.
The Realtor’s newest CEO joined the company in 2010 and has served in a number of capacities, most recently as executive vice president, business development for eXp World Holdings.
Read on for more details about eXp Realty’s new leader.
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Record percentage looking to migrate
Posted Date: Friday, October 25, 2019
During the third quarter, New York had the highest percentage of home searchers looking for other locales.
Read on for more details.
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Home inventory dips to 2013 levels
Posted Date: Thursday, October 24, 2019
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. Read on for more details.
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