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Old Republic’s title group has record-setting year
Posted Date: Friday, January 26, 2018
Relatively low mortgage rates and strong residential and commercial markets helped Old Republic’s title group set an all-time record for premiums and fees in 2017.
Rande Yeager, CEO of Old Republic Title Companies, said the group is approaching 2018 with cautious optimism, and that’s he’s excited about technology advances and the possible adoption of Blockchain.
Read on for more details about the company fourth-quarter and year-end results and what Yeager had to say to analysts about Pavaso.
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Investors Title posts record profits
Posted Date: Wednesday, February 7, 2018
For a third consecutive year, Investors Title reported record levels of revenues.
Company Chairman J. Allen Fine attributed the company’s positive run to a growing national economy, a strong real estate market, and the success of its long-term business model. Fine said the company was optimistic about 2018.
Read on for more details from the company’s earnings report.
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Fidelity names division manager
Posted Date: Wednesday, February 7, 2018
Fidelity National Title Group (FNTG) has selected a long-time company veteran to oversee its commercial and residential real estate operations in the Midwest, East and Southeast.
FNTG’s newest executive vice president and division manager told The Title Report the new opportunity is both an honor and a privilege.
Read on to find out who FTNG selected for this position.
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The Closing Agent launches NextDeal’s preDOCS
Posted Date: Wednesday, February 7, 2018
NextDeal’s technology platform preDOCS has been deployed by The Closing Agent, the companies announced.
The Closing Agent’s chief operating officer said preDOCS is saving the company at least an hour per file, and that the company anticipates it will save more than 2,000 hours annually and significantly improve accuracy and reduce the time interval to get to closing.
Read on for more details.
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Agents National selects Florida manager
Posted Date: Wednesday, February 7, 2018
Agents National Title Insurance Co. has hired an industry veteran to oversee its agency operations, production and underwriting in Florida.
Read on for more details.
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IBERIABANK announces raises, bonuses
Posted Date: Wednesday, February 7, 2018
As a result of federal tax reform, IBERIABANK announced raises and bonuses for nearly 80 percent of its associates.
Read on for more information.
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Landtech integrates CSC
Posted Date: Wednesday, February 7, 2018
Landtech Settlement Software has integrated CSC’s eRecording solution into its title production software.
Read on for more details.
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Fidelity reports fourth-quarter results
Posted Date: Tuesday, February 6, 2018
Despite a significant decline in refinances, Fidelity National Financial, Inc’s (FNF) title operations outperformed last year’s fourth-quarter and yearly numbers for title revenue.
In 2017, FNF acquired 10 title and escrow companies for approximately $130 million. Chairman William Foley said he expects the company to continue to grow through acquisitions this year.
Read on for more details about the company’s fourth-quarter and 2017 results.
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Utah title company acquires two agencies
Posted Date: Tuesday, February 6, 2018
With the acquisition of a competitor, a Utah-based title insurance company has formed one of the state’s largest commercial and residential title agencies.
The president of the company said the acquisition provides more resources with which to service customers with increased speed and efficiency.
Read on to learn what the executives of the companies involved said about the deal.
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First American completes lien release business acquisition
Posted Date: Tuesday, February 6, 2018
First American Financial Corp. (FAF) has completed its acquisition of Bank of America’s (BOA) lien release business, and BOA’s employees now are part of First American’s Mortgage Solutions division.
FAF said the acquisition complements its post-closing and document-management capabilities, and enhances its ability to serve the lender, servicer and investor communities.
Read on for more details.
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reQuire, CertifID partner
Posted Date: Tuesday, February 6, 2018
reQuire has entered into an agreement to become a distribution partner for CertifID.
Read on for more details.
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Alliant National hires regional counsel
Posted Date: Tuesday, February 6, 2018
Alliant National Title Insurance Co. has an industry veteran to serve as its western regional counsel.
Read on for more details.
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First American economist: Affordability crisis ‘overstated’
Posted Date: Tuesday, February 6, 2018
Consumer house-buying power was unchanged between October and November 2017, and grew 0.9 percent year-over-year.
Read on for more details from First American Financial’s latest Real House Price Index.
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Day to oversee FNF’s agents nationwide
Posted Date: Friday, February 2, 2018
Fidelity National Financial has selected company veteran Steven G. Day as president of National Agency Operations for its national title group.
Day, who is also president of the American Land Title Association, will oversee Fidelity’s network of more than 5,000 agents across the country.
Read on to learn why Fidelity CEO Randy Quirk said Day is a great fit for the job.
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Incenter completes Agents National acquisition
Posted Date: Friday, February 2, 2018
Incenter LLC has completed its previously announced acquisition of Agents National Title Insurance Co. (ANTIC).
An Incenter managing director said the acquisition will help the company continue to provide excellent customer service while shortening the time needed to complete transactions.
Read on to learn what ANTIC’s president had to say about the deal.
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Small business lending expands
Posted Date: Friday, February 2, 2018
The latest small business credit report from PayNet found small business lending increased in November.
Year over year, lending to seven small business sectors jumped by more than 4 percent. PayNet’s CEO said larger businesses are taking advantage of the pro-business environment and small businesses are starting to get a piece of the pie.
Read on for more details.
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Home seller profits at 10-year high
Posted Date: Friday, February 2, 2018
Last year’s fourth quarter was the most-profitable period to sell a home in a decade.
Read on for more details from ATTOM Data Solutions’ latest U.S. Home Sales Report.
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Investors Title a 'best-run' company
Posted Date: Wednesday, January 31, 2018
Investors Title has been ranked second in a list of North Carolina’s best-run public companies by the Triangle Business Journal. The company has achieved a top-25 ranking for two years in a row with this position representing a significant jump from 25th to 2nd place.
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Shaddock Companies raise money for flood victims
Posted Date: Wednesday, January 31, 2018
Employees and friends from all of The Shaddock Companies joined together in a generous outpouring of love and support to raise a total of $100,100 for their fellow team members impacted by Hurricane Harvey and the resulting floods. Many of these families lost everything they owned due to this historic devastation.
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CATIC's Hogan appointed to MBA board
Posted Date: Wednesday, January 31, 2018
CATIC’s Richard Hogan, Esq., Vice President and Chief Compliance Officer, has been appointed to the board of directors of the Massachusetts Mortgage Bankers Association (MMBA) for a two-year term. The mission of the MMBA is to supply information, provide representation, comment on public policy, provide educational opportunities, and advocate for high ethical standards within the industry.
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Court: CFPB structure ‘constitutional’
Posted Date: Wednesday, January 31, 2018
In a blow to the Trump administration, a D.C. Circuit Court of Appeals on Wednesday ruled that the single-director structure of the Consumer Financial Protection Bureau is constitutional, reversing a 2016 decision by a three-panel ruling.
Several legal experts told The Title Report that the decision may not be appealed to the U.S. Supreme Court.
Read on for more details.
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The mortgage industry’s #MeToo
Posted Date: Monday, January 29, 2018
While much of the recent publicity regarding sexual harassment has centered on alleged predators in Hollywood, the media and in Congress, a recent survey by the Mortgage Bankers Association indicates sexual harassment also is rampant in real estate and finance.
Three out of four women who responded to the association’s survey reported having experienced sexual harassment.
Read on to learn more of what the survey found.
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Vermont city launches Blockchain pilot program
Posted Date: Monday, January 29, 2018
A global Blockchain startup has launched a pilot program with the City Clerk’s Office in South Burlington, Vt. to use the technology to record real estate conveyance documents.
The CEO of the startup said the pilot program will showcase the savings of Blockchain and further the city’s goal of achieving a more cost-effective government.
Read on for more details.
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Beige Book: Housing markets restrained
Posted Date: Monday, January 29, 2018
Economic activity continued to expand throughout the country from late November through the end of 2017, according to the Federal Reserve’s latest Beige Book.
However, the Fed’s bank contacts from its 12 districts throughout the country also reported that housing markets continued to be restrained by low home inventories.
Read on to learn details from each of the fed’s districts.
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Home prices increased in November
Posted Date: Monday, January 29, 2018
Home prices hit new price peaks in 11 of the nation’s largest states.
Read on for more information from Black Knight’s Home Price Index.
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CSC adds 40 new counties
Posted Date: Monday, January 29, 2018
Since last year’s fourth quarter, CSC has added 40 new counties in 26 states to its eRecording network.
Read on for more details.
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Newfi adds senior vice president
Posted Date: Monday, January 29, 2018
Newfi Lending has hired an industry veteran as its senior vice president of capital markets.
Read on for more details.
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TitleTap introduces online review management tool
Posted Date: Friday, January 26, 2018
With more and more customers researching a company’s online reviews before selecting one, it’s vital that title companies and others in the industry mitigate bad reviews and resolve customer issues while promoting positive reviews.
TitleTap has introduced a new product that promises to help industry participants manage their online reputations.
Read on for more information about TitleTap’s latest offering.
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Omni Title adds escrow officer
Posted Date: Friday, January 26, 2018
Cleveland-based Omni Title has hired a title and escrow officer.
Read on for more details.
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Simplifile adds recording jurisdictions
Posted Date: Friday, January 26, 2018
With the latest additions to its eRecording platform, the Simplifile network includes more than 1,700 jurisdictions.
Read on for more details.
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DocMagic reaches milestone
Posted Date: Friday, January 26, 2018
DocMagic, Inc. has processed more than 300 million mortgage-related electronic signatures.
Read on for more details.
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