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KBRA: Title industry outlook ‘stable’
Posted Date: Thursday, January 4, 2018
A new research report from Kroll Bond Rating Agency said the title industry’s outlook is “stable” and predicts an overwhelming majority of underwriters will report positive earnings for 2017.
According to the agency, improved cost efficiencies along with the benefits from technological advances have improved expense ratios.
Read on for more details from the report.
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Realogy names chief technology officer
Posted Date: Thursday, January 11, 2018
The largest full-service residential real estate services company in the United States, which includes Title Resource Group and Guaranteed Rate, Inc., has named a chief technology officer.
The newest member of Realogy’s team is the former chief technology and operations officer at BMO Financial Group.
Read on for more details about the new hire’s background.
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Study: Many banks have no digital transformation strategy
Posted Date: Thursday, January 11, 2018
According to a new study, nearly four out of 10 banks do not have a sustainable digital transformation strategy.
Additionally, only a small percent of banks believe they are in a position to be leaders when it comes to digital transformation.
Read on to learn why transforming from legacy technology and processes in the banking environment is not an easy task.
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Mortgage delinquencies decline
Posted Date: Thursday, January 11, 2018
The percentage of mortgages 30 days or more past due declined during October.
Read on for more details.
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Court rules against English
Posted Date: Thursday, January 11, 2018
Late Wednesday District of Columbia District Judge Timothy J. Kelly issued his ruling on a preliminary injunction requested by Consumer Financial Protection Bureau Deputy Director Leandra English against President Donald Trump’s appointment of Mick Mulvaney as acting director.
Kelly, who earlier denied a temporary restraining order request by English, denied the preliminary injunction as well.
Read on for more details.
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Knight Barry acquires title group
Posted Date: Wednesday, January 10, 2018
Knight Barry Title has expanded its footprint into Minnesota with the acquisition of a title group there.
Knight Barry’s chief operating officer said the acquisition will help the company “provide more customers with our signature services and collaborative online tools.”
Read on to learn which new title agencies are now part of the Knight Barry family.
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Federal Title selects Pavaso for eClosings
Posted Date: Wednesday, January 10, 2018
Federal Title and Escrow Co. has partnered with Pavaso for eClosing services in the Washington D.C., Maryland and Virginia area.
Federal Title said its partnership with Pavaso will help make the closing process simpler and smarter for its customers.
Read on to learn more about Pavaso’s end-to-end digital closing platform designed to improve communication, efficiency and process management.
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Exceleras expands offering for title agencies
Posted Date: Wednesday, January 10, 2018
Exceleras has created a complete set of functionality that title agents can use to fulfill title order requests independently of closing properties, the company announced.
The company said its new functions are a significant expansion of the company’s title service capabilities, and are available to both new and existing title and settlement companies.
Read on for more details.
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Embrace Home Loans promotes president
Posted Date: Wednesday, January 10, 2018
Embrace Home Loans has selected one of its executives to lead its expanded Financial Institution Services Division.
Read on for more details.
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AmTrust adds agency representative
Posted Date: Wednesday, January 10, 2018
AmTrust Title Insurance Co. has hired an agency representative to help it generate new business.
Read on for more details.
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ResWare integrates PropLogix
Posted Date: Wednesday, January 10, 2018
PropLogix’s services are now fully integrated within ResWare’s title production software.
Read on for more details.
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American Title gets new managing director
Posted Date: Monday, January 8, 2018
Assurant, Inc. has appointed a managing director to oversee its subsidiary American Title, Inc.
The new managing director will replace Mike Mackintosh, who announced plans to leave Assurant last month.
Read on for more details about who Assurant selected to lead American Title and his extensive background.
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Stewart expands executive’s role
Posted Date: Monday, January 8, 2018
Stewart has added more responsibilities to a former Old Republic executive’s job description who joined the company last year.
Chief Corporate Development Officer John Magness now will also provide strategic oversight to Stewart’s U.S. direct operations. CEO Matt Morris said the move will “position Stewart for a year of growth in 2018.”
Read on for more details about Magness’ expanded role.
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Situs acquires service provider
Posted Date: Monday, January 8, 2018
Less than one year after acquiring an influential Washington, D.C advisory firm, Situs has entered into a definitive agreement to buy a leading service provider to the financial services industry.
Together with last year’s acquisition, Situs CEO Steve Powel said the company’s latest addition expands its set of capabilities and positions Situs as the trusted advisor of choice.
Read on for more details.
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Illinois title company relocates
Posted Date: Monday, January 8, 2018
Edwardsville, Ill.-based Madison County Title Co. has moved into new headquarters, according to announcement on the company’s website.
Read on to learn more about this move.
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Minnesota lender changes name
Posted Date: Monday, January 8, 2018
A Minnesota lender has adopted a new name to take advantage of its parent company’s name recognition.
Read on for more details.
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Demotech partners with price comparison provider
Posted Date: Friday, January 5, 2018
Through a partnership with Demotech, a price comparison provider for title insurance and settlement services now will also provide consumers shopping for title insurance with the financial stability ratings of title insurance companies.
The chairman of the price comparison provider said the financial stability of title insurers should be on every consumer’s checklist.
Read on for more details about this partnership.
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Texas mortgage company names next CEO
Posted Date: Friday, January 5, 2018
The CEO of an independently owned, full-service mortgage lender based in Houston will retire as CEO but remain chairman of the company’s board.
He will be replaced by a current member of the company’s executive team who previously focused primarily on strategic initiatives.
Read on for more details about the transition.
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Report: Qualified workers needed for small businesses
Posted Date: Friday, January 5, 2018
Small-business owners had a difficult time finding qualified workers in December, which forced more to consider raising pay levels, according to the latest report from the National Federation of Independent Business.
The advocacy group’s CEO said the labor shortage is good for workers and families, as it is a sign that the economy is gaining momentum.
Read on for more details from the report.
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NATIC names regional underwriting counsel
Posted Date: Friday, January 5, 2018
North American Title Insurance Co. has named a regional underwriting counsel for its northwest region.
Read on for more details.
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FICO scores decline for millennial homebuyers
Posted Date: Friday, January 5, 2018
The average FICO score for millennials who closed mortgage loans in November declined.
Read on for more details from the latest Ellie Mae Millennial Tracker.
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Sentry Dynamics integrates ResWare
Posted Date: Friday, January 5, 2018
Sentry Dynamics has integrated Adeptive Software’s ResWare into its platform.
Read on for more details.
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SteelHouse Abstract announces CEO
Posted Date: Thursday, January 4, 2018
One of the investors and co-founders of SteelHouse Abstract in Allentown, Pa. will serve as the company’s CEO.
The CEO has been a licensed real estate professional for nearly 15 years and said he has expertise managing all aspects of the real estate transaction.
Read on learn who will be CEO and where this relatively new company will focus its efforts.
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loanDepot announces joint venture
Posted Date: Thursday, January 4, 2018
loanDepot is partnering with a homebuilder that constructs homes in Florida, North Carolina, South Carolina and Arizona to offer mortgage products to the homebuilder’s customers.
The homebuilder’s CEO said the partnership will add “value added benefits to our customers and shareholders.”
Read on to learn more details about the partnership and the name of the new venture.
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Sandpoint hires escrow officer
Posted Date: Thursday, January 4, 2018
An Idaho-based title agency has added an escrow officer to its staff.
Read on for more details.
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Home prices increased in November
Posted Date: Thursday, January 4, 2018
Home prices continued their upward spiral in November, with Washington, Nevada, Utah and Idaho posting yearly gains above 10 percent.
Read on for more details.
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Old Republic adds to its executive group
Posted Date: Tuesday, January 2, 2018
Old Republic International Corp. has selected a former Hartford Insurance Group executive to join the Old Republic General Insurance Group’s senior strategy and policy-setting executive group.
The company’s chairman and CEO said the leadership skills of the new hire will “add greater depth to our multi-faceted business.”
Read on to learn more about the newest member of Old Republic’s executive team.
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RE/MAX creates new strategy team
Posted Date: Tuesday, January 2, 2018
RE/MAX has created a new business and product strategy team focused on innovation, corporate strategy, product research and competitive intelligence.
The national real estate brokerage, which in many parts of the country partners with Title Alliance, also selected an executive to lead the new team.
Read on to learn who was selected to lead the team and his background.
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NTC: TRID has increased need for document processing
Posted Date: Tuesday, January 2, 2018
Nationwide Title Clearing (NTC) said the industry’s need to comply with the Consumer Financial Protection Bureau’s TILA/RESPA Integrated Disclosure rule has increased demand for its post-closing services.
NTC’s COO said lenders are playing more attention to final document processing because it’s their last opportunity to ensure a quality loan.
Read on for more details about NTC’s final document processing.
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CATIC selects sales manager
Posted Date: Tuesday, January 2, 2018
CATIC has selected a sales manager for its National Commercial Services.
Read on for more details.
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Sikora Law adds legal clerk
Posted Date: Tuesday, January 2, 2018
Cleveland-based Sikora Law LLC has added a legal clerk.
Read on for more details.
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Qualia integrates Punctual Abstract
Posted Date: Tuesday, December 12, 2017
Qualia has integrated Punctual Abstract Co, Inc.’s title commitment data and property searches.
Read on for more details.
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AmTrust adds national production manager
Posted Date: Thursday, December 7, 2017
AmTrust Title Insurance Co. has hired a national production manager who has more than 17 years of experience in the title industry.
Read on for more details.
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National underwriter adds Indiana manager
Posted Date: Thursday, December 7, 2017
A national underwriter has hired the former executive director of the Indiana Land Title Association to oversee its operations in Indiana.
Read on for more details.
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Sutton hires vice president
Posted Date: Tuesday, December 5, 2017
Sutton Alliance, LLC has hired a vice president of business development for its title division.
Read on for more details.
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