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Conversation with the women of Title Alliance’s C-Suite
Posted Date: Thursday, August 15, 2019
The three recent additions to Title Alliance, Ltd.’s executive team created a C-Suite that is majority female, a rarity in both corporate America and the industry.
The Title Report recently spoke with the three women about their careers, their mentors and how to succeed in the industry.
Read on to learn what they shared.
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Digital lender raises an additional $160 million
Posted Date: Tuesday, August 20, 2019
A digital mortgage lender backed by Kleiner Perkins, Goldman Sachs, and Pinebrook has raised an additional $160 million through a Series C funding, the company announced.
The company said it is funding $375 million in mortgages a month, and is on track to lend more than $4 billion in 2019.
Read on to learn what other companies have invested in the mortgage disrupter.
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AM Best affirms Investors Title’s ‘excellent’ rating
Posted Date: Tuesday, August 20, 2019
AM Best has affirmed the financial strength rating and the long-term issuer credit ratings of Investors Title Co.’s subsidiaries Investors Title Insurance Co. and National Investors Title Insurance Co.
The credit agency said the group’s balance sheet strength reflects its strong risk-adjusted capitalization and robust surplus growth that is reflective of strong operating earnings and its conservative underwriting position.
Read on for more details.
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Agents National launches production facility
Posted Date: Tuesday, August 20, 2019
Agents National Title Insurance Co. (ANTIC) has developed a full service production facility based in Winter Park, Fla., the company announced.
At the facility, ANTIC has employed full and part-time examiners across Florida who work flex shifts and the company has partnered with local title examiners to assist in production.
Read on for more details.
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Stewart integrates with LendingQB
Posted Date: Tuesday, August 20, 2019
Stewart’s fee quotes have been integrated into LendingQB’s browser-based platform.
Read on for more details.
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Prices for new homes dip slightly
Posted Date: Tuesday, August 20, 2019
Redfin said places that had large declines in new-home sale prices during the second quarter included San Jose, Calif., West Palm Beach, Fla., Honolulu, Miami, San Diego and Los Angeles.
Read on for more details.
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Calyx, FormFree integrate
Posted Date: Tuesday, August 20, 2019
Calyx has integrated AccountChek by FormFree’s automated asset verification platform into its Zip point-of-sale solution.
Read on for more details.
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Online brokerage launching into title
Posted Date: Thursday, August 15, 2019
The holding company of an online brokerage with more than 20,000 agents plans to launch an affiliated services platform that will provide mortgages, title services and home warranties.
The company’s founder, chairman and CEO said its new platform will launch during this year’s third quarter.
Read on to learn which real estate brokerage is the latest to venture into the title industry.
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Passport Title expands into Florida
Posted Date: Thursday, August 15, 2019
Maryland-based Passport Title Services, LLC has expanded its platform into the Sunshine State, the company announced.
Passport provides title insurance agency, settlement processing, support operations and compliance functions to attorneys, title agents and title agency owners in six states and the District of Columbia.
Read on to learn what Passport President and CEO John Cotter said about the company’s latest move.
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AM Best: AmTrust balance sheet ‘very strong’
Posted Date: Thursday, August 15, 2019
AM Best has affirmed the financial strength rating (FSR) and the long-term issuer credit ratings (Long-Term ICR) for the members of the AmTrust Group.
The credit rating agency also has affirmed the FSR and Long-Term ICR of AmTrust Title Insurance Co.
Read on for learn more details about AmTrust’s latest rating.
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First American launches online resource
Posted Date: Thursday, August 15, 2019
First American Financial Corp. has launched an online information resource that will feature the initiatives and people driving innovation within the company.
First American Innovation Center will feature company experts examining the market forces and technology reshaping the process of buying and selling property.
Read on to learn what CEO Dennis Gilmore had to say about the initiative.
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CIT acquires Mutual of Omaha Bank
Posted Date: Thursday, August 15, 2019
CIT Bank, N.A. has agreed to acquire Mutual of Omaha Bank for $1 billion, both companies announced. The transaction is expected to close in the first quarter of 2020.
CIT said the acquisition will diversify and enhance its funding profile with stable, lower-cost deposits from Mutual of Omaha Bank’s homeowner’s association banking business.
Read on to learn more about the acquisition.
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RamQuest integrates with ClosingLock
Posted Date: Thursday, August 15, 2019
RamQuest, Inc. has integrated ClosingLock’s secure portal for document sharing into its platform.
Read on for more details.
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Luxury home prices back on the rise
Posted Date: Thursday, August 15, 2019
The biggest increase in luxury home prices in the second quarter was in Paradise, Nev.
Read on for more details.
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NextDeal, Closer’s Choice integrate
Posted Date: Thursday, August 15, 2019
NextDeal’s preDOCS and DigitalDocs technologies now are integrated with Closer’s Choice, Inc.’s digital network.
Read on for more details.
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TRG’s second-quarter revenues decline
Posted Date: Tuesday, August 13, 2019
Realogy Holdings Corp.’s Title Resource Group (TRG) had a decline in revenues during this year’s second quarter, according to the company’s latest earnings statement.
CEO and President Ryan Schneider said he was encouraged by the company’s new products, partnerships and technology and data offerings and their likely impact going forward.
Read on for more details about TRG’s second-quarter performance.
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KBRA affirms CATIC’s rating
Posted Date: Tuesday, August 13, 2019
Kroll Bond Rating Agency (KBRA) recently affirmed the insurance financial strength rating for Connecticut Attorneys Title Insurance Co. (CATIC).
KBRA said CATIC’s strengths are tempered by notable surplus declines, elevated expense ratio, and potential execution risk with regard to its expansion strategy.
Read on for more details about CATIC’s KBRA rating.
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Small business hiring slowed in July
Posted Date: Tuesday, August 13, 2019
Job creation by small business declined in July, falling to an average addition of 0.12 workers per firm, according to the monthly jobs report from the National Federation of Independent Business (NFIB).
Additionally, a record number of respondents told NFIB that finding qualified workers was their single-most important business problem last month.
Read on for more details from NFIB’s latest report.
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WFG appoints senior business development officer
Posted Date: Tuesday, August 13, 2019
WFG National Title Insurance Co. has appointed a senior business development officer for its New York City-based national commercial services division.
Read on for more details.
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Loan defects continue to decline
Posted Date: Tuesday, August 13, 2019
The five states with the greatest year-over-year decreases in defect frequency in June were Arkansas, Florida, Vermont, Utah, and Arizona.
Read on for more details.
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Ellie Mae enhances Encompass
Posted Date: Tuesday, August 13, 2019
Ellie Mae has expanded its Encompass platform with additional automation capabilities for home equity line of credit lending.
Read on for more details.
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Investors Title’s second-quarter revenues increase
Posted Date: Thursday, August 8, 2019
Investors Title Co.’s second-quarter revenues increased slightly and its net income declined, according to the company’s latest earnings statement.
Chairman J. Allen Fine said although pace of home sales has cooled slightly from last year, recent decreases in mortgage interest rates have spurred an uptick in refinance activity.
Read on for more details about Investors Title’s second-quarter performance.
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GPST Holdings acquires Investment Title
Posted Date: Thursday, August 8, 2019
New Jersey-based GPST Holding, LLC has acquired Investment Title LLC from Kai Group Holdings, the companies announced. Terms of the deal were not disclosed.
GPST Holding is a partnership between Investment Title, Title Consulting Services, and Spring Valley Title.
Read on to learn who will serve as president and CEO of Investment Title.
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AccuTitle acquires Magram Online
Posted Date: Thursday, August 8, 2019
Kai Group Holdings’ company AccuTitle has acquired a web-based software tailored for the New York title insurance industry, the company announced.
AccuTitle CEO Bill Bartzak said his company looks forward to working hand-in-hand with Magram Online to create even better technology solutions moving forward.
Read on for more details about the newest member of AccuTitle’s team.
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SLK Global enhances SmartProp
Posted Date: Thursday, August 8, 2019
SLK Global Solutions has enhanced its property search solution for real estate title agents and underwriters.
Read on for more details.
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Zillow buying homes directly in Nashville
Posted Date: Thursday, August 8, 2019
Zillow has added Nashville to the locations where homeowners can request a cash offer for their homes through Zillow Offers.
Read on for more details.
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Mortgage company owner confirms identity in CFPB investigation
Posted Date: Tuesday, August 6, 2019
The owner of an independent mortgage company in Chicago, which The Title Report reported Sunday was under investigation by the Consumer Financial Protection Bureau, has confirmed his company’s role in the investigation.
For the latest on this potentially industry-changing case, read on.
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Old Republic sets second-quarter revenues record
Posted Date: Tuesday, August 6, 2019
Old Republic International Corp.’s second-quarter title revenues were the most in the company’s history, according to the company’s latest earnings report.
Inflationary pressures have slowed in the residential sector, but the steady increase in housing prices is having a positive impact on the company’s revenues, according to Rande Yeager, executive chairman of Old Republic’s title business.
Read on for more details about Old Republic’s second-quarter performance.
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PGP Title’s second-quarter revenues increase
Posted Date: Tuesday, August 6, 2019
The title division of Atlanta-based homebuilder Pulte Group, Inc. had a double-digit increase in revenues during the second quarter, according to the company’s latest earnings statement.
President and CEO Ryan Marshall said low interest rates, combined with supportive economic, employment and demographic trends, has the company optimistic about housing demand for the remainder of 2019.
Read on for more details about PGP Title’s second-quarter performance.
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WFG supplements Enterprise Solutions division
Posted Date: Tuesday, August 6, 2019
Williston Financial Group (WFG) recently appointed three housing industry leaders as vice presidents of business development for its Enterprise Solutions division, the company announced.
WFG said the moves expand its presence in, and commitment to, the mortgage lending market.
Read on to learn what WFG Senior Vice President of Lender Services Dan Bailey had to say about the newest members of his team.
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Stewart integrates with LendingQB
Posted Date: Tuesday, August 6, 2019
Stewart’s fee quotes have been integrated into LendingQB’s loan origination technology solutions.
Read on for more details.
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More home searchers looking to change locales
Posted Date: Tuesday, August 6, 2019
During the second quarter, the list of metros people most-often looked to leave was headed by New York, San Francisco, Los Angeles and Washington, D.C.
Read on for more details.
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Sales to rise, but inventory, price will ‘dampen’ market
Posted Date: Tuesday, August 6, 2019
An overall increase in home sales for the rest of 2019 will be dampened by the ongoing shortage of homes and rising house prices, according to Freddie’s Mac’s latest forecast.
Read on for more details.
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