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TRID a ‘hurry up and wait’ game, title agents say
Posted Date: Thursday, October 15, 2015
Oct. 3 has come and gone, and although title agents have been working on Loan Estimate preparations, activity has been anti-climatic. Three agents from around the county spoke with The Title Report about implementation so far and their expectations for the future. Keep reading to see what they had to say.
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TRID plans fluid in months before implementation
Posted Date: Tuesday, October 6, 2015
The Title Report attended the annual Ohio Land Title Association Convention in Columbus, OH. There, Baker Hostetler Partner Anthony Sharett moderated a panel with two lenders, Ed Hensley, senior vice president of mortgage lending for First Financial Bank and Dennis Maag, vice president and senior lending partner at Chase. Read on to learn what they had to say.
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Cordray tells House enforcement guidance won’t change
Posted Date: Monday, October 5, 2015
Consumer Financial Protection Bureau Director Richard Cordray told a House committee last week that banking regulators were going to synchronize their enforcement guidance on the TILA-RESPA Integrated Disclosure (TRID) rule, but that the bureau still planned on enforcing the rules the way it had discussed since June. Read on for the details.
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Regulators harmonize TRID enforcement guidance
Posted Date: Friday, October 2, 2015
Two days before the TILA-RESPA Integrated Disclosure (TRID) rule takes effect, financial regulators sent a letter to industry trade associations to spell out their plans for enforcement of TRID. Read on for the details.
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ABA addresses members regarding TRID readiness
Posted Date: Thursday, October 1, 2015
The American Bankers Association sent a memo to its members reading TRID readiness. In it, they described some of the more common problems lenders still are facing against the TRID implementation deadline Saturday. Read on to learn more.
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Title agents optimistic about the future, First American says
Posted Date: Thursday, October 1, 2015
Title agents are very optimistic going into TRID implementation and 2016, according to First American Financial (FAF). Its recent survey found title agent sentiment at a state-by-state level for residential price increases is overwhelmingly positive. Read on to learn more.
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A.M. Best upgrades First American Financial
Posted Date: Tuesday, September 29, 2015
A.M. Best upgraded First American Financial’s ratings. The outlook has been revised from stable to positive. Read on to see how its title insurance subsidiaries scored.
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USDA approves Prism Title as title insurance partner
Posted Date: Tuesday, September 29, 2015
After an in-depth evaluation, Prism Title was formally approved by the United States Department of Agriculture (USDA) to close residential and commercial loans on behalf of the USDA rural development program. Prism’s CEO Robert Bingham told The Title Report the title insurance agency will now be able to partner with the USDA in all of their development efforts. Read on to learn more.
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Ellie Mae offers additional TRID resources, training
Posted Date: Thursday, October 1, 2015
Ellie Mae is offering additional resources and training leading up to the TRID effective date. Ellie Mae President and CEO Jonathan Corr said the goal is to make mortgage lenders feel prepared and confident with the implementation. Read on to learn more.
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D. Bello relocates to Newport Beach
Posted Date: Tuesday, October 6, 2015
D. Bello Associates announced the relocation of its corporate offices. The move will allow the company to expand its capabilities in key areas. Read on to learn more.
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OneTitle, HomeSmartNY form partnership
Posted Date: Thursday, October 1, 2015
OneTitle National Guaranty Co., Inc. and HomeSmartNY partnered to educate housing counselors and their clients on title insurance. This is part of a broader effort make homes and mortgages more affordable in New York State by reducing title and closing-costs. Read on to learn more.
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Metro Credit Union chooses Encompass
Posted Date: Tuesday, October 6, 2015
Metro Credit Union selected Ellie Mae’s Encompass as its platform for selling mortgages. One of the largest credit unions in Massachusetts, Metro Credit Union serves 180,000 members and manages more than $1 billion in assets. Read on to learn more.
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Black Knight launches Closing Insight
Posted Date: Tuesday, October 6, 2015
Closing Insight went live on its scheduled delivery date of Oct. 3. It supports lender clients and their network of settlement agents. Keep reading to learn more.
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Ernst Launches TRID-Ready Calculator
Posted Date: Tuesday, October 6, 2015
Ernst Publishing Co. announced its TRID-ready closing cost calculator now is live for lenders to use. Read on to learn more.
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ATPR launches workflow solution for title agents
Posted Date: Sunday, October 4, 2015
American Tax & Property Reporting introduced SmartFlow. The new technology is a workflow solution focusing on title agents and settlement firms. Read on to learn more.
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Nexgen Mortgage Solutions launches Latitude
Posted Date: Sunday, October 4, 2015
Nexgen Mortgage Solutions officially launched Latitude Loan Services. The new technology helps lenders communicate with its title agents and address the TRID rule. Keep reading to learn more.
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RamQuest expands integration with AgentNet
Posted Date: Sunday, October 4, 2015
RamQuest expanded its Closing Market digital network integration with First American Title Insurance Co.’s AgentNet system to deliver integrated production services and special designated national searches. Chief Strategy Officer and Executive Vice President Brooks Yeager said he is happy with these advancements that create a better experience for their mutual customers. Read on to learn more.
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Rockdale County in Georgia now eRecording
Posted Date: Tuesday, October 6, 2015
Rockdale County, Ga., is the 1,300th county to eRecord with Simplifile. Rockdale County Chief Deputy Clerk Mary Burgess said the implementation of eRecording offers an opportunity to significantly increase efficiency. Read on to learn more.
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Westcor appoints commercial underwriter
Posted Date: Thursday, October 1, 2015
Westcor Land Title Insurance co. appointed a senior commercial underwriter for its New York City office. He will have senior approval authority over New York commercial and national commercial transactions. Keep reading to learn more.
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Hudson United Title welcomes two agents
Posted Date: Tuesday, September 29, 2015
Hudson United Title added two agents to its offices in New Jersey. They will serve as senior title insurance sales executives. Keep reading to learn more.
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Loan defects decline in August
Posted Date: Sunday, October 4, 2015
First American Financial Corp. released its Loan Application Defect Index for August 2015. It estimates the frequency of defects in the information submitted in mortgage loan applications. It indicated the frequency of defects in the information submitted for loan applications fell 2.4 percent. Keep reading to learn more.
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RealtyTrac releases homes sales report
Posted Date: Tuesday, September 29, 2015
RealtyTrac released its August 2015 U.S. Home Sales Report, showing single-family home and condo sales through August. They were on pace for eight-year high nationwide. Keep reading to learn more.
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Title agent uses fight and humor to survive cancer
Posted Date: Thursday, October 15, 2015
For the fourth year, October Research, LLC, sets aside two weeks to support the Stefanie Spielman Fund for Breast Cancer Research during Breast Cancer Awareness Month. The disease has affected many in the settlement services, financial and real estate industries, and we bring you one such story from cancer survivor Michelle Kynkor of Gateway Title. Read on for her story.
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Live coverage: The Title Report on site in Boston
Posted Date: Thursday, October 8, 2015
The Title Report editor Tara Quinn is on site in Boston for the ALTA Annual convention. Read on for highlights from the first full day and what to look for in the future.
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Florida Agency Network completes SOC/SSAE exam
Posted Date: Tuesday, October 6, 2015
The Florida Agency Network completed its SOC 1 and SSAE 16 examination. Companies who complete the examination are able to demonstrate a substantially higher level of assurance and operationally visibility than those companies who do not. Read on to learn more.
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Mortgage interest rates decrease in August
Posted Date: Sunday, October 4, 2015
According to the Federal Housing Finance Agency, mortgage interest rates decreased in August. The values are based on 5,303 reported loans from 22 lenders, which include savings associations, mortgage companies, commercial banks and mutual savings banks. Keep reading to learn more.
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Multifamily mortgage debt hits $1 trillion in Q2
Posted Date: Tuesday, September 29, 2015
Multifamily mortgage debt hit $1 trillion in the second quarter, according to the Mortgage Bankers Association. Commercial/multifamily mortgage debt continued its upward trend. Read on to learn more.
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Title Alliance opens Greater Newtown Abstract
Posted Date: Tuesday, September 29, 2015
Title Alliance partnered with Keller Williams Newtown to form Greater Newtown Abstract. This is the 23rd Keller Williams-affiliated relationship. Read on to learn more.
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