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FNF details end-to-end tech platform
Posted Date: Friday, October 27, 2017
The hurricanes that devastated Texas and Florida residents also caused major disruptions for title industry and real estate professionals in those states.
Even so, Fidelity National Financial, Inc.’s FNF Group posted third quarter earnings that included increases in revenues, profits and earnings per share.
Fidelity’s chairman also discussed recent technology acquisitions and how those companies have put FNF in a position to create an end-to-end mortgage technology platform that could be “significant” in increasing the company’s market share. Read on for more details.
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First American posts improved numbers
Posted Date: Tuesday, October 31, 2017
The continued rise of home prices throughout the country was one of the factors that helped First American Financial Corp. post improved third quarter earnings.
The company’s CEO said orders are up in October and that he’s optimistic about the fourth quarter.
Read on to learn what other factors drove this modest improvement in third quarter earnings.
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AmTrust expands in Texas
Posted Date: Tuesday, October 31, 2017
AmTrust Title Insurance Co. has moved its Texas corporate offices into a skyscraper in downtown Houston.
A company vice president said the company’s business is “vibrant and growing” in Houston and the additional space was needed to accommodate continued business expansion throughout Texas.
Read on learn more details about AmTrust’s new Texas headquarters.
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Stewart, Ellie Mae partner
Posted Date: Tuesday, October 31, 2017
Stewart’s title and settlement services are now available through Ellie Mae’s all-in-one mortgage management solution.
The integration allows lenders to order Stewart’s services directly through Ellie Mae. A Stewart executive said the integration further automates the mortgage process for Ellie Mae lenders.
Read on for more details about the integration.
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Home prices peak again
Posted Date: Tuesday, October 31, 2017
Although the rate of appreciation is slowing, nationwide home prices peaked in August for the 64th straight month.
Read on for more details from Black Knight’s latest Home Price Index.
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Gateway Mortgage selects TRK
Posted Date: Tuesday, October 31, 2017
Gateway Mortgage Group has selected TRK Connection’s Insight Risk & Defect Management platform to conduct its internal quality control audits.
Read on for more details.
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New home sales near 10-year high
Posted Date: Friday, October 27, 2017
The Census Bureau reported that the number of new single-family homes sold during September reached its highest level since October 2007.
An official with the National Association of Realtors told The Title Report that any new supply, especially affordable housing for first-time buyers, is being immediately purchased.
Read on to learn which regions had the highest sales increases and how much inventory remains.
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Nationwide launches document custody solution
Posted Date: Friday, October 27, 2017
Nationwide Title Clearing has introduced a new document custody solution that includes research and mediation components.
The solution retrieves missing documents wherever they’re located and assists with curing any assignment and endorsement exceptions.
Read on to learn why one company executive said the new solution provides a more complete document custody process that exposes financial services firms to less risk than others.
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Chicago title agency hires underwriter
Posted Date: Friday, October 27, 2017
A Chicago-area title agency has hired a former Chicago Title Insurance Co. executive to serve as a commercial underwriter.
Read on to learn more about the new hire.
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Simplifile adds 31 jurisdictions
Posted Date: Friday, October 27, 2017
Simplifile has added 31 recording jurisdictions throughout the country to its eRecording platform.
Read on to learn where the new jurisdictions are located.
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QuestSoft integrates LoanScorecard
Posted Date: Friday, October 27, 2017
QuestSoft has integrated LoanScorecard’s automated underwriting and compliance solutions into its compliance software platform.
Read on for more details.
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Thomas Title names COO
Posted Date: Thursday, October 26, 2017
Thomas Title has recruited a former managing director at Greystar Real Estate Partners to serve as its chief operating officer and general counsel.
The company’s second-in-charge will oversee its organic and strategic growth plans. Thomas’ president and CEO said the newest member of his team has business acumen and operations expertise that make him a good fit.
Read on to learn more about the new hire.
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Ellie: Refinances rise as rates dip
Posted Date: Thursday, October 26, 2017
Ellie Mae’s latest Origination Insight Report found that the percentage of refinance loans increased in September as interest rates dropped to their lowest levels of 2017.
Ellie Mae President and CEO Jonathan Corr attributed the accompanying decrease in the average time needed to close refinance loans to lenders leveraging technology.
Read on for more details from Ellie Mae’s report, including information on the shortest closing time for refinances seen in more than two years.
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Realogy announces succession plan
Posted Date: Thursday, October 26, 2017
Realogy Holdings Corp.’s longtime Chairman and CEO Richard A. Smith is scheduled to retire at the end of the year.
The company recently announced its leadership succession plan following Smith’s departure, including the addition of a president and chief operating officer who will become CEO on the last day of the year; and the appointment of a new chairman of the company’s board of directors.
Read on for detail of the succession plan.
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Westcor hires commercial examiner
Posted Date: Thursday, October 26, 2017
Westcor Land Title Insurance Co. has hired a senior commercial examiner who has been in the industry since 1995.
Read on for more details about the company’s latest hiring.
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AtClose adds eClosing capabilities
Posted Date: Thursday, October 26, 2017
Visionet Systems has added eClosing capabilities to its AtClose title, settlement and appraisal platform.
Read on for more details.
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Average closing costs nearly $5,000
Posted Date: Thursday, October 26, 2017
Closing costs vary greatly from city to city, with borrowers paying more than $12,000 in Washington, D.C. and less than $3,000 in several Indiana cities.
Read on for more details from an analysis by ClosingCorp.
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Stewart closes for borrower halfway around the world
Posted Date: Tuesday, October 24, 2017
As executives for Stewart Information Services gathered in Denver for the Mortgage Bankers Association annual convention, the company made a pair of announcements highlighting its technological push forward.
The first came in the eClosing space, where Chief Information Officer Brad Rable discussed the company’s first digital closing involving a seller stationed overseas.
Read on for more information about the technology Stewart used to help a seller in Africa close on a home using an online transaction.
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Beige Book: Hurricanes disrupted economic sectors
Posted Date: Tuesday, October 24, 2017
Despite problems caused by Hurricanes Harvey and Irma, the Federal Reserve reported modest to moderate growth from September through early October.
Throughout the country, real estate contacts reported that low housing inventories continue to hamper sales, as home prices continue to rise.
Read on to learn highlights from regions throughout the country, including areas which faces “major disruptions” because of the hurricane damage.
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Accurate Group launches eNotary solution
Posted Date: Tuesday, October 24, 2017
Accurate Group has launched a new eNotary solution that enables lenders to offer customers a full spectrum of eClosing options.
The solutions platform is compliant with the Uniform Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act, and can be combined with Accurate’s eSign solution to deliver a complete eClosing experience.
Read on to learn why Accurate believes it solution will accelerate loan closings.
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Reli Settlement names underwriting counsel
Posted Date: Tuesday, October 24, 2017
Reli Settlement Solutions has added an underwriting counsel to help the company expand its commercial title underwriting capabilities. Read on for more details.
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Foreclosures holding steady
Posted Date: Tuesday, October 24, 2017
The percent of mortgages in some stage of delinquency during July 2017 showed a year-over-year decline but a slight increase from the previous month. Read on for details from CoreLogic’s report.
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Redfin expands into Illinois
Posted Date: Friday, October 20, 2017
The real estate brokerage that includes the title and settlement company Title Forward has expanded its mortgage operation into Illinois.
The company now offers loans in Illinois and Texas and expects to expand into Virginia by the end of the year.
Read on to learn more about the company’s long-term expansion goals.
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Title insurance portal launched in Pennsylvania
Posted Date: Friday, October 20, 2017
A new company is providing a price-comparison service for title insurance and settlement services for consumers making home transactions in Pennsylvania.
The company said it conducted a study that found a typical homebuyer in Pennsylvania could have saved about $650 on title insurance and settlement services if they were able to comparison shop.
Read on to learn about the company’s plan to offer this service nationally.
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eClosing initiated through Equity National’s portal
Posted Date: Friday, October 20, 2017
A Massachusetts credit union recently used Equity National Title’s eClosings portal to identify a county in Florida where a fully electronic closing was possible and then a loan applicant interested in the service.
Launched in September, Equity said its eClosing portal is a “leap forward” for lenders wanting to pursue an eClosing strategy.
Read to learn more details about the transaction.
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The Closing Agent adds VP
Posted Date: Friday, October 20, 2017
The Closing Agent, Inc. has added a vice president who has both domestic and international experience in the title industry.
Read on for more details.
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CATIC relocates office
Posted Date: Friday, October 20, 2017
CATIC has moved its eastern Massachusetts office to a location closer to the metro Boston area.
Read on for more details.
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LoanScorecard adds managing director
Posted Date: Friday, October 20, 2017
LoanScorecard has recruited a former managing director at Hudson Advisors/Lone Star Funds.
Read on for details on the new hire and his role.
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President of ValuAmerica parent steps down
Posted Date: Thursday, October 19, 2017
As part of a restructuring of its Services business, the Radian Group Inc. has eliminated the position of president at its wholly owned subsidiary Clayton Holdings LLC and announced the pending departure of Jeff Tennyson.
Radian’s CEO said Tennyson will remain with the company to help it with its management transition through mid-November. Clayton is the parent company of Pittsburgh-based title agency ValuAmerica, which was purchased by Clayton in October 2015.
Read on to learn Radian’s stated reasons for the restructuring.
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Michigan title agency expands leadership team
Posted Date: Thursday, October 19, 2017
A Michigan title agency with nearly 80 employees has expanded its executive leadership team with the addition of a chief operations officer, a controller and a human resource manager.
The company’s president said the new employees will help the company connect at a deeper level with its current employees, as well as with recruiting new talent.
Read on to learn more about the new hires at the Grand Rapids-based company.
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New president details ALTA’s goals
Posted Date: Thursday, October 19, 2017
The American Land Title Association’s (ALTA) new president said that among the goals he has for the next year is encouraging the association’s members to embrace innovation and providing more cyberawareness information.
The association’s new president told The Title Report that some in the industry “are reluctant to embrace innovation.”
Read on to learn what else is on the to-do list of ALTA’s new president, who officially was installed at the association’s annual conference last week.
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TitleTap introduces customer loyalty program
Posted Date: Thursday, October 19, 2017
TitleTap’s new program allows customers to periodically upgrade their website with the company’s latest design templates.
Read on for more details.
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Assurant hires national sales director
Posted Date: Thursday, October 19, 2017
Assurant Mortgage Solutions has hired a national sales director to focus on growing the company’s title and origination valuations product lines.
Read on for more details.
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Pavaso partners with Texas law firm
Posted Date: Thursday, October 19, 2017
Pavaso will integrate the technology of a Texas law firm into its digital closing platform.
Read on for more details.
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