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Complaint management lagging behind
Posted Date: Monday, November 17, 2014
Complaint management in the title insurance and settlement services industry is still in the early stages of adoption, and there is a need for more awareness, according to Rizolv’s Todd Hougaard. Complaint management now is mandated by federal regulators, but only 20 percent of respondents in a recent survey (of 593 people) by Rizolv said they had even defined a consumer complaint for their company.
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Whitepaper warns breaches go up as security spending goes down
Posted Date: Tuesday, November 18, 2014
Secure Cloud Systems Executive Vice President Steven Russo struck a note of caution for company leaders in a new whitepaper titled, “Corporate Executives – Time to get your head’s up out of the sand.”
“While these (cyber) threats are on a dramatic upswing, it has been reported that corporate spending in and around cyber protection is on the down swing,” Russo wrote.
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Estoppel letters a pain point in South Florida
Posted Date: Tuesday, November 18, 2014
First International Title’s CEO Jim Moran expects there will always be some level of confusion when he tries to explain what an estoppel letter is and how impactful it can be when closing a real estate transaction.
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New office for Stewart near Washington D.C.
Posted Date: Thursday, November 13, 2014
Stewart Title opened a new office in Ashburn, Va. The new mixed-use community will serve Ashburn and the surround areas near Washington D.C.
“We are extremely excited to bring our real estate and title services to the Loudoun market,” Office President Ryan Twiss said.
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True Title opens new office in Missouri
Posted Date: Thursday, November 13, 2014
True Title Co. opened its fourth location in Festus, Mo., to serve its expanding client base in and around the area. Read on for more details.
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eRecording to usher in era of integrated mortgage disclosures
Posted Date: Tuesday, November 18, 2014
More than a decade into the title insurance industry’s effort to streamline title processes with technology, eRecording — in its various iterations — will offer even more advantages come August 2015, when the Consumer Financial Protection Bureau’s (CFPB) integrated mortgage disclosures will change the closing process as we know it today, according to a panel at the American Land Title Association’s (ALTA) recent annual convention.
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Cornerstone partners with CSC eRecording
Posted Date: Monday, November 17, 2014
Cornerstone Management Solutions partnered with CSC eRecording Solutions to provide title agents with an integrated eRecording solution. Keep reading to learn more.
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Institutional investor share drops to four-year low in Q3
Posted Date: Monday, November 10, 2014
RealtyTrac, a source for comprehensive housing data, said sales to institutional investors — entities that purchase at least 10 properties in a calendar year — accounted for 4.3 percent of all sales of single-family homes and condos in the second quarter. That was down from 5.0 percent in the previous quarter and down from 5.3 percent a year ago, to the lowest level since the fourth quarter of 2010, its Q3 2014 U.S. Institutional Investor & Cash Sales Report showed.
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Black Knight releases Mortgage Monitor
Posted Date: Monday, November 10, 2014
Black Knight SVP Trey Barnes said recent reductions in the average 30-year mortgage interest rate have expanded the population of borrowers who could benefit from refinancing by nearly 25 percent. Read on to learn more.
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Foreclosure filings jump 15 percent in October
Posted Date: Monday, November 17, 2014
Foreclosure filings increase 15 percent from the previous month, but still are down 8 percent from a year ago, according to RealtyTrac’s Foreclosure Market Report. Read on to see why.
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Jeffrey Taylor pleads guilty to loan modification fraud
Posted Date: Thursday, November 13, 2014
Former NFL player Jeffrey Charles Leroy Taylor pled guilty to charges of conspiracy to commit mail fraud, wire fraud and mail fraud along with nine other defendants to charges involving a scheme to bilk thousands of homeowners who were struggling to make their mortgage payments.
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Homebuilders show optimism in confidence survey
Posted Date: Tuesday, November 18, 2014
Builder confidence in the market for newly build single-family homes rose four points to a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
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Linear Title promotes VP
Posted Date: Tuesday, November 18, 2014
Linear Title & Closing announced a new vice president of commercial title services. Read on to find out who was promoted to this position.
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Are you interested in expanding your national commercial business Pt. 2
Posted Date: Monday, November 17, 2014
Near North National Title Vice President and Counsel Colleen Morrison offered several tips to agents that could help them attract this market. She said being able to service your customer, no matter what the dollar amount is, demonstrates competence and ensures they are going to stay loyal.
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First American names new chief economist
Posted Date: Thursday, November 13, 2014
First American Financial Corp., a global provider of title insurance, settlement services and risk solutions for real estate transactions, added Mark Fleming as the company’s chief economist.
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Title company to offer identity theft repair coverage free
Posted Date: Monday, November 10, 2014
North American Title Co. (NAT) will provide identity theft repair coverage at no cost to its customers on or after Dec. 1 for 12 months through its AllClear Guarantee.
“We know the terrible cost to consumers who have their identity stolen, as they work with creditors and credit bureaus to repair their credit,” NAT President Tom Fischer said.
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Home prices rise year over year
Posted Date: Monday, November 10, 2014
Home prices nationwide increased 5.6 percent in September 2014 compared with September 2013. This change represents 31 months of consecutive year-over-year increases in home prices nationally.
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