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First American surpasses last year’s numbers
Posted Date: Tuesday, February 13, 2018
First American Financial Corp. (FAF) reported mixed results for its fourth quarter, with revenues down slightly but net income up.
However, both FAF’s 2017 yearly revenue and net income beat 2016’s numbers. CEO Dennis Gilmore said he’s optimistic about 2018, which he said is likely to both acquisitions and technology investments.
Read on to learn more about the company’s fourth-quarter and yearly results.
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Black Knight pushing eMortgages to volume
Posted Date: Monday, March 5, 2018
The company that brought the mortgage industry’s first collaborative solution for TRID transactions is ready to take eMortgage collaboration to another level.
During an interview with The Title Report, Black Knight Lending Solutions Senior Vice President/Managing Director Andy Crisenbery discussed the company’s latest project, Expedite Close, which launches in the first quarter this year to bring eMortgage adoption to volume.
Read on for more details.
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Old Republic selects Pavaso for eClosings
Posted Date: Thursday, February 22, 2018
Old Republic National Title Insurance Co. has selected Pavaso to process eClosings for the company’s direct and national settlement operations, the company announced.
Old Republic’s Pavaso solution integrates technologies such as Blockchain and eNotary and enables title agents to assimilate complimentary applications into a single portal.
Read on to learn what one Old Republic executive said was the goal of the company’s digital strategy.
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Black Knight reports fourth-quarter, 2017 earnings
Posted Date: Thursday, February 22, 2018
Black Knight’s revenues and net earnings increased during both the fourth quarter and 2017. The company said its fourth-quarter earnings included a $110.9 million income tax benefit resulting from tax reform.
Black Knight Executive Chairman Bill Foley said the company was able to expand, and extended its relationships with several key existing clients in 2017.
Read on for more details about Black Knight’s 2017 performance.
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United Wholesale Mortgage expands eClosing reach
Posted Date: Thursday, February 22, 2018
United Wholesale Mortgage (UWM) has expanded its eClosing capabilities to borrowers in 16 states, the company announced.
UWM said its technology allows borrowers to close a loan from any computer, tablet, Android or Apple device with a web camera and Internet connection.
Read on to learn in which states UWM’s end-to-end online mortgage experience is available.
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Old Republic adds vice president
Posted Date: Thursday, February 22, 2018
Old Republic has hired an agency manager for its Pacific Northwest Region.
Read on for more details.
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Homeowners leaving high-tax coastal markets
Posted Date: Thursday, February 22, 2018
According to Redfin’s latest migration report, home searchers sought to leave high-tax coastal markets in favor of more-affordable cities during 2017’s fourth quarter.
Read on for more details.
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Waterstone Mortgage selects marketing VP
Posted Date: Thursday, February 22, 2018
Waterstone Mortgage Corp. recently promoted one of its managers to vice president of marketing.
Read on for more details.
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First National’s revenues nearly double in two years
Posted Date: Tuesday, February 20, 2018
Due to an increase in market share among independent agents, First National Title Insurance Co. (FNTI) reported a year-over-year gross revenue increase in 2017 and a nearly doubling of its gross revenues in two years.
The company also attributed its improved financial numbers to positive real estate markets in Texas, Arizona, New Mexico, and Florida.
Read on for more details.
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CertifID gains additional investors
Posted Date: Tuesday, February 20, 2018
CertifID has closed on its first round of financing for its wire fraud prevention platform. The company said the financing round was oversubscribed within two days, and attracted several prominent angel investors.
CertifID co-founder Tom Cronkright said the company is thankful for the overwhelming confidence from investors and is excited to launch such a significant piece.
Read on for more details.
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Texas title company selects ZOCCAM
Posted Date: Tuesday, February 20, 2018
A Texas title company with locations throughout Dallas and Houston has selected ZOCCAM’s mobile application and platform.
The title company’s agents now are able to securely deliver payments and documents to financial institutions through ZOCCAM.
The company’s vice president of operations said ZOCCOM’s platform brings convenience and simplicity to clients while making sure privacy and security is preserved. Read on for more details.
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Foreclosure activity decreased in January
Posted Date: Tuesday, February 20, 2018
During January, 12 states and the District of Columbia had year-over-year increases in foreclosure activity.
Read on for more details from ATTOM Data Solutions.
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FirstClose introduces new API
Posted Date: Tuesday, February 20, 2018
FirstClose announced a new Application Program Interface as part of its partnership with CRIF Lending Solutions.
Read on for more details.
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FNBO, ATS Secured offer closing solution
Posted Date: Tuesday, February 20, 2018
First National Bank of Omaha and ATS Secured have introduced a closing solution that enables agents to manage disbursements in one place.
Read on for more details.
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NAILTA mourns passing of former president
Posted Date: Friday, February 16, 2018
The National Association of Independent Land Title Agents is mourning the passing of its former president and industry notable Anthony L. Affatati, Sr.
NAILTA President Rob Holman told The Title Report that Affatati loved NAILTA and loved being part of the title insurance industry, rarely missing an opportunity to tell strangers what he did for a living.
Read on to learn more of what Holman had to say about his friend.
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Alabama agency expands footprint
Posted Date: Friday, February 16, 2018
Reli Settlement Solutions, Alabama’s largest real estate title and settlement company, has opened two new offices and hired additional executive staff members.
The company hired both a director of marketing and a director of title operations.
Read on to learn where the company's new branch offices are located, who will manage team, and who the newest members of its executive team are.
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Fidelity’s TitleWave gets a new look
Posted Date: Friday, February 16, 2018
Fidelity National Title Group has launched a new logo, tagline and website for its title production division TitleWave Real Estate Solutions.
The company said TitleWave’s new visual identity and virtual presence demonstrates its commitment to provide Fidelity agents with break-through solutions.
Read on to learn more about TitleWave’s new logo and new tagline.
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Gardner to chair ESRA board
Posted Date: Friday, February 16, 2018
A Docutech executive vice president has been selected to chair the board of directors for the Electronic Signatures and Records Association in 2018.
Read on for more details.
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SafeChain secures $3 million in funding
Posted Date: Friday, February 16, 2018
An Ohio-based company with a vision of using Blockchain technology to facilitate 30-second real estate transactions has secured $3 million in funding.
Read on for more details.
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Underwriter hires Colorado manager
Posted Date: Friday, February 16, 2018
A national underwriter has hired an industry veteran to oversee its operations in Colorado.
Read on for more details.
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ATTOM Data Solutions acquires Onboard Informatics
Posted Date: Thursday, February 15, 2018
ATTOM Data Solutions has acquired the leading provider of neighborhood data and data-enabled turnkey products to the real estate industry, the company announced.
As a result of the acquisition, Onboard Informatics’ neighborhood data will be integrated into the ATTOM Data Warehouse, which blends property tax, deed, mortgage, foreclosure, environmental risk, natural hazard and neighborhood data.
Read on for more details about the deal.
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House approves TRID fix
Posted Date: Thursday, February 15, 2018
The House on Wednesday approved a bill that makes changes to the TILA-RESPA Integrated Disclosure (TRID) rule that mortgage loan originators and title insurers have been advocating.
If approved by the Senate, the bill would amend the TRID rule to modify disclosure requirements applicable to mortgage loan transactions.
Read on to learn what ALTA and the MBA are saying about the bill’s changes to the disclosure of simultaneous issue of title insurance.
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Pilgrim Title principals expand into Florida
Posted Date: Thursday, February 15, 2018
The principals of Rhode Island-based Pilgrim Title Insurance Co. have expanded into Florida.
The Florida office will provide closing and title services including commercial real estate acquisitions and financing. One of the partners of the law firm said its expansion into the Sunshine State is a natural first step in keeping up with the changing needs of the firm’s clients.
Read on for more details.
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Ohio title agency earns certification
Posted Date: Thursday, February 15, 2018
Columbus, Ohio-based Title First Agency recently earned it SSAE-18 certification.
Read on for more details.
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Ellie Mae adds executive vice president
Posted Date: Thursday, February 15, 2018
Ellie Mae has hired a former Walmart executive to serve as its executive vice president of human resources.
Read on for more details.
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loanDepot parent names mello CEO
Posted Date: Tuesday, February 13, 2018
The parent company of loanDepot has named a real estate executive to head its recently launched mello Home business.
mello’s CEO is the former president of Keller Williams Worldwide division and former CEO of Keller Williams. He said mello offers one-stop shopping for buying, financing, and improving homes.
Read on for more information about mello and its CEO.
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Refinances holding steady among millennials
Posted Date: Tuesday, February 13, 2018
The percentage of refinance loans among millennials has held steady for three straight months.
Read on for more information from the latest Ellie Mae Millennial Tracker.
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Home purchasing sentiment reaches all-time high
Posted Date: Tuesday, February 13, 2018
The percentage of Americans who felt positive about the housing market reached an all-time high in January.
Read on for more details from Fannie Mae’s latest Home Purchase Sentiment Index.
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First American adds Texas manager
Posted Date: Tuesday, February 13, 2018
First American Title National Commercial Services has hired a Texas operations manager.
Read on for more details.
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Loan defects, fraud increased in December
Posted Date: Friday, February 9, 2018
Which states had the largest increase in the frequency of defects, fraud and misrepresentation in mortgage loan applications?
Read on for those answers from First American’s latest Loan Application Defect Index.
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Small-business owners increasing pay levels
Posted Date: Friday, February 9, 2018
Citing a shortage of qualified workers, nearly one quarter of small-business owners surveyed in January plan to increase pay levels to attract the employees they need, according to a report by National Federation of Independent Business.
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Stewart’s fourth-quarter income drops
Posted Date: Friday, February 9, 2018
Stewart Information Services Corp. attributed a drop in fourth-quarter net income and pretax income to more than $9 million in charges related to its review of corporate strategic alternatives, office closures, the integration of Title365, and executive severance and retention expenses.
CEO Matthew Morris said the company is on a good trajectory entering 2018 and has a good pipeline of acquisition opportunities in key metropolitan areas.
Read on for more details.
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Black Knight names new CEO
Posted Date: Friday, February 9, 2018
Black Knight has hired the former chief operating officer of Fidelity National Information Services to serve as its CEO.
The company’s current CEO, Tom Sanzone, will become Black Knight’s vice chairman and will assist with the transition. Black Knight Executive Chairman Bill Foley said he’s confident the new CEO and the management team will take Black Knight to the next level.
Read on for more details.
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Home prices increased during December
Posted Date: Friday, February 9, 2018
CoreLogic said the largest year-over-year increases in home prices were in California, Idaho, Nevada, Utah and Washington.
Read on for more details.
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Simplifile adds Florida county
Posted Date: Friday, February 9, 2018
Manatee County, Fla. has adopted Simplifile’s eRecording platform.
Read on for more details.
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