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CATIC promotes social justice through strategic community partnerships
Posted Date: Friday, July 28, 2023
CATIC Family of Companies’ employee-led project called “The Initiative” was a labor of love for those involved.
In an exclusive interview with The Title Report, Senior Vice President, Chief Administrative Officer Damon Carter and Senior Director, Learning and Education Counsel Andrea Alessandro detailed the program, which focuses on building strategic partnerships with community organizations committed to promoting fair and equal housing standards for underrepresented groups.
Read on to learn more.
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October Research welcomes Mary Schuster as Chief Knowledge Officer
Posted Date: Tuesday, August 15, 2023
October Research announces that 25-year title and settlement services industry veteran Mary Schuster has joined the company as Chief Knowledge Officer.
"Stay tuned for some exciting new developments we will be rolling out to assist our partners in the real estate transaction,” CEO and Publisher Erica Meyer said.
Read on for more.
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Viant Eye launches Version 3 SMART Doc platform
Posted Date: Thursday, August 10, 2023
Houston-based Viant Eye has launched TruFile, its Version 3 SMART Doc generation and validation platform, enabling non-SMART Doc platforms to generate and accept SMART Docs in line with the latest MISMO standards.
Viant Eye partners Ben Sherman and Chris Trujillo sat down with The Title Report to detail title industry innovations brought to market with TruFile.
Read on to find out more information.
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Fidelity title segment revenue climbs in second quarter
Posted Date: Thursday, August 10, 2023
Fidelity National Financial’s title segment revenue climbed in the second quarter compared with the first three months of 2023.
For the title segment, total quarterly revenue of $1.9 billion was up from $1.6 billion in the first quarter, but still down 27 percent from $2.6 billion in the second quarter of 2022.
Read on for more from the company’s earnings report.
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NFIB: Main Street job market remains challenging
Posted Date: Thursday, August 10, 2023
Small-business owners are reporting few or no qualified applicants, with more than 40 percent (seasonally adjusted) unable to fill positions, according to the National Federation of Independent Business.
Small-business owners’ plans to fill open positions remain elevated, with a seasonally adjusted net 17 percent planning to create new jobs in the next three months.
Read on to learn more.
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Grid151 appoints director of national sales
Posted Date: Thursday, August 10, 2023
A former National Closing Solutions and Placer Title Co. business development leader joined Grid151 as its new director of national sales.
Read on to find out more information.
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InspectHOA introduces mortgage payoffs solution
Posted Date: Thursday, August 10, 2023
InspectHOA launched a mortgage payoff solution, growing its suite of service and tech offerings to modernize the once-manual closing processes.
Read on to find out more.
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Surety Family of Companies acquires New Jersey title business
Posted Date: Tuesday, August 8, 2023
New Jersey-based Surety Title Co. has acquired a fellow Garden State title business, with plans calling to retain all the acquired company’s staff members and leadership.
Founded in 1992, the Surety Family of Companies is an independently owned title insurance agency headquartered in Marlton N.J., with 40 locations throughout the country.
Read on to find out more information.
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Zillow, Redfin partner to sync homebuilder listings
Posted Date: Tuesday, August 8, 2023
Homebuilders partnering with Zillow will now have their listings and communities automatically syndicated to Redfin, expanding the visibility of the homes to potential buyers, the companies announced.
Read on to learn more.
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MMI acquires CRM, mortgage marketing platform
Posted Date: Tuesday, August 8, 2023
Mobility Market Intelligence acquired a customer relationship management platform designed for mortgage advisors and real estate agents.
Leaders say that current and future customers under both companies’ umbrellas will soon have access to a growing list of integrated services and features.
Read on to find out more information.
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efizbo partners with Inspectify on home inspections
Posted Date: Tuesday, August 8, 2023
A new partnership between home inspection provider Inspectify and real estate platform efizbo seeks to incorporate completed inspections into home listings.
Read on to find out more.
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RTP Network expands Request for Payment availability
Posted Date: Tuesday, August 8, 2023
The Clearing House’s RTP Network has expanded access to its Request for Payment feature, allowing users to ask for and receive instant payments through secure banking channels.
Read on to find out more.
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Kensington Vanguard acquires Dallas-based title agency
Posted Date: Friday, August 4, 2023
Kensington Vanguard National Land Services announced its acquisition of a large national commercial title agency from Dallas, adding to an already strong presence in Texas.
Twelve states now house at least one Kensington Vanguard office with leaders saying that additional market expansion is possible, even through a challenging rate environment.
Read on to find out more information.
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First American title earnings rise in second quarter
Posted Date: Friday, August 4, 2023
First American Financial Corp. second quarter earnings show a jump in title segment revenue compared with the first three months of 2023, despite totals remaining down year-over-year.
Companywide revenue also climbed from the first quarter, coming in at $1.6 billion in the most recent earnings report. Leaders say affordability continues to hamper residential purchases.
Read on to find out more information.
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Settlements partners with Alltech National Title for nationwide transactions
Posted Date: Friday, August 4, 2023
Settlements, Ltd., of Pittsburgh is partnering with Alltech National Title to expand its reach beyond the Keystone State. Through this partnership, Settlements, Ltd. gains access to Alltech National Title’s vast network of referrals and closings
Leaders say the move is expected to greatly contribute to future growth as well as enhanced technological capabilities.
Read on to find out more information.
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Morgan Law LLC welcomes new associate
Posted Date: Friday, August 4, 2023
Morgan Law LLC of New Jersey has brought on a new associate with long-time experience in transactional real estate matters as well as commercial and residential purchases.
Read on to learn more.
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Stavvy acquires servicing tech company Brace
Posted Date: Tuesday, August 1, 2023
Real estate fintech firm Stavvy acquired Brace, a technology company aiming to increase efficiency and transparency in mortgage servicing.
According to company leaders, the acquisition addresses concerns from the Consumer Financial Protection Bureau about servicers offering better and faster avenues for early resolution, instead of using phone and mail processes.
Read on to find out more information.
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Stewart title segment sees quarterly revenue increase
Posted Date: Tuesday, August 1, 2023
Both companywide and title segment revenue increased for Stewart Information Services Corp. in the second quarter compared with the first three months of 2023, according to a new earnings report.
Company leaders said year-over-year revenue declines can be attributed to continued elevated interest rates and their impact on transaction volume.
Read on to find out more information.
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Acrisure taps CertifID for title payment protection
Posted Date: Tuesday, August 1, 2023
Global fintech company Acrisure picked CertifID for title insurance payment protection, utilizing CertifID’s fraud protection software, fraud recovery services and up to $1 million in payment insurance for verified transactions.
According to a survey from the American Land Title Association (ALTA), nearly half (46 percent) of title agencies report at least one attempt to change wire or payoff instructions a month.
Read on to learn more.
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X1 Analytics enhances website
Posted Date: Tuesday, August 1, 2023
Florida-based X1 Analytics unveiled a revamped website, which the company says is part of an overarching focus on embracing traditional title practices while enhancing them with new technology.
Read on to learn more.
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Zillow: Housing market avoids crash, but challenges remain
Posted Date: Tuesday, August 1, 2023
Home values are rising at pre-pandemic rates nationally and are forecast to stay the course. Homebuyers still have few choices, but builders are adapting to help fill the gap, according to new data from Zillow.
Read on to learn more.
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Old Republic Title net premiums and fees increase in second quarter
Posted Date: Friday, July 28, 2023
Old Republic International Corp. reported second quarter increases in title insurance net premiums and fees earned compared to the first three months of 2023.
Companywide pretax income was also up compared to the first quarter of 2023, but still below totals seen during the fourth quarter of last year.
Read on to find out more information.
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Closinglock, J.P. Morgan partner on digital payments
Posted Date: Friday, July 28, 2023
Closinglock and J.P. Morgan are partnering on a new digital payments solution for the real estate industry, offering secure transfer of earnest money, cash-to-close and other property purchase transactions.
According to the companies, the new solution supports all U.S. banks and works with wire and real-time payment rails.
Read on to find out more information.
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Stewart makes board of directors addition
Posted Date: Friday, July 28, 2023
Stewart Information Services Corp. has added a long-time CEO, website architect and technology leader to its board of directors, the company recently announced.
Read on to learn more.
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FedNow Service goes live
Posted Date: Friday, July 28, 2023
FedNow Service, the Federal Reserve’s new instant payment system, is now live and available to any interested bank or credit union.
Individuals can instantly receive their paychecks and use them the same day, and small businesses can more efficiently manage cash flows without processing delays, according to project leaders.
Read on to find out more information.
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ATTOM: Equity improves for homeowners in second quarter
Posted Date: Friday, July 28, 2023
According to a second quarter home equity report from property data curator ATTOM, roughly half of U.S. mortgaged residential properties were considered equity-rich during the period.
Read on to find out more.
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Flying S Title & Escrow expands Montana footprint with acquisition
Posted Date: Tuesday, July 25, 2023
Flying S Title & Escrow has acquired a Montana-based title business that’s been operating for more than 100 years.
Title Financial Corporation, the parent company of Flying S Title & Escrow, said it intends to bring advanced technology and increased underwriter flexibility to customers involved in the acquisition.
Read on to find out more information.
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Westcor introduces holding company Ardán Inc.
Posted Date: Tuesday, July 25, 2023
Westcor Land Title Insurance Co. has introduced Ardán, Inc. as its new holding company, which Westcor says will aim to “lead the future of title insurance.”
Leaders said this new organizational structure will “bring clarity to the market and ensure that each business under Ardán has the resources needed to transform the title industry.”
Read on to find out more information.
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Doma adds Stavvy eClosing to AgentMarketplace
Posted Date: Tuesday, July 25, 2023
Doma Title Insurance, Inc. and Stavvy have partnered to offer title and escrow professionals eClosing solutions and reduced fraud through Stavvy’s addition to Doma’s AgentMarketplace.
Leaders say the partnership will spell reduced costs and inefficiencies as well as access to remote online notarization.
Read on to learn more.
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Snapdocs integrates eClose and notary scheduling platforms
Posted Date: Tuesday, July 25, 2023
Snapdocs is integrating its Snapdocs eClose and Notary Scheduling platforms to form Connected Closings. Leaders say the combined platform will deliver transparency to all parties and accelerate closing speed by at least 1.5 days.
Read on to learn more.
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FundingShield releases second quarter wire fraud report
Posted Date: Friday, July 21, 2023
A second quarter wire fraud analytics report from FundingShield shows roughly half of loans having at least one risk issue, a 12.6 percent year-over-year leap.
On average, loans classified as problematic had about two issues each, which the report said indicateda lack of appropriate controls by closing agents to identify and fix issues.
Read on to find out more information.
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Beige Book: Economy gains steam in June, home sales still lagging
Posted Date: Friday, July 21, 2023
New reporting from the Federal Reserve System’s Beige Book shows an increase in economic activity in June compared with the prior reporting period.
Most districts reported still-subdued home sales, attributing that result to elevated interest rates and inventory that isn’t meeting demand.
Read on to find out more information.
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Title veteran joins bundle board of directors
Posted Date: Friday, July 21, 2023
New York-based real estate document preparation provider bundle has made a new appointment to its board of directors.
Read on to find out more information.
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AI-powered Listing Showcase up and running on Zillow
Posted Date: Friday, July 21, 2023
Listing Showcase, an entirely new, AI-powered platform designed to help agents win more listings, is now exclusively available on Zillow.
Read on to learn more information.
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Redfin: Home prices climb 2 percent year-over-year
Posted Date: Friday, July 21, 2023
Home prices have posted their biggest increase in over seven months with more demand than supply as high mortgage rates deter sellers, according to Redfin.
Read on to learn more.
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