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Baker Hostetler offers cybersecurity tips
Posted Date: Tuesday, January 12, 2016
The BakerHostetler law firm helps clients around the world address complex and critical business and regulatory issues, including data privacy. Counsel Scott Koller posted on the firm’s data privacy blog offering five tips to improve information security and reduce the impact of a company when a breach does occur. Read on to learn more.
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Market potential unaffected by TRID
Posted Date: Thursday, January 28, 2016
Although many in the industry have been concerned that implementation of the TILA-RESPA Integrated Disclosure rule would slow the housing market in 2016, First American Chief Economist Mark Fleming is optimistic about the industry’s potential. Read on to see why he is, and what Fleming sees for the market this year.
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Colorado releases annual title insurance report
Posted Date: Tuesday, January 19, 2016
The Colorado Commissioner of Insurance submitted the 2015 annual report on title insurance, which provides data on market trends and enforcement actions taken in 2015. Read on to find out how big the industry is in the state, as well as other market and financial information in Colorado.
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Conversations with the C-Suite: Westcor CEO says it’s time to get back to work
Posted Date: Sunday, January 3, 2016
Welcome to the latest Conversations with the C-Suite feature, exclusive to The Title Report. In these features, we talk to the leaders of the industry about their thoughts on the industry, plans for the future and what title agents need to know to succeed.
In this edition, Editor Tara Quinn spoke with Westcor Land Title Insurance Co.’s President and CEO Mary O’Donnell.
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Experts help audience navigate TRID terrain
Posted Date: Tuesday, January 19, 2016
The Title Report recently hosted a 90-minute webinar, Navigating the TRID Terrain, which educated title and settlement agents and closing attorneys on overcoming obstacles surrounding the new TRID rule. Recordings now are available. Read on to learn what our experts had to say.
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Sun Title converting home to new office space
Posted Date: Sunday, January 24, 2016
Sun Title Agency announced plans to relocate the company’s Grandville, Mich., office to a converted residential house. It will allow the company to expand its presence in the Grandville community, the company said. Keep reading to learn more.
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Carrington Real Estate Services open new office
Posted Date: Thursday, January 21, 2016
Continuing its ongoing growth throughout the country, Carrington Real Estate Services, LLC announced that it has opened a new full-service office in Creve Coeur, Missouri. This expansion will bring the Carrington brand of real estate services and agent support to the St. Louis area and throughout the state of Missouri. Read on to learn more.
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NTC celebrates 25 years in business
Posted Date: Sunday, January 17, 2016
Nationwide Title Clearing, Inc. (NTC), completed its first 25 years of service to the mortgage lending industry. NTC CEO John Hillman said 25 years is a long time to serve any industry, and it only happens when a company has found a way to add real value to the customers it serves. Read on to learn more.
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Fitch addresses TRID compliance impact on secondary market
Posted Date: Tuesday, January 19, 2016
A recent report from Fitch Ratings addressed the risk of lender non-compliance with the TILA-RESPA Integrated Disclosure (TRID) rule for private-label residential mortgage backed securities. How much risk should the secondary market expect from TRID loans? Read on to see what Fitch had to say.
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Accurate Group launches new title interface
Posted Date: Thursday, January 21, 2016
Accurate Group released a new responsive interface for its title services platform. The platform gives banks, mortgage lenders and credit unions on-demand access to analytics and insight into revision rates, turnaround time, and more. Keep reading to learn more.
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eXcediant releases customer relations management tool
Posted Date: Thursday, January 21, 2016
eXcediant released a customer relations management tool for the title insurance industry. It focuses on three core needs of title insurance industry: security, affordability and settlement software integrations. Read on to learn more.
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PNC adds home equity loans, lines of credit to LoanSphere
Posted Date: Thursday, January 14, 2016
PNC Bank N.A. will add its home equity loans and lines of credit to the LoanSphere MSP system over the next year. PNC also signed a seven-year contract extension for MSP. Read on to learn more.
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Prospect Mortgage selects Ellie Mae’s Encompass
Posted Date: Sunday, January 24, 2016
Ellie Mae announced that Prospect Mortgage has selected and implemented Ellie Mae’s Encompass all-in-one mortgage management solution as its mortgage lending platform. With new federal mortgage regulations approaching, and an outdated, self-hosted solution, Prospect Mortgage said it began looking to update its mortgage automation software. Read on to learn more.
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Foley steps down as executive officer
Posted Date: Thursday, January 14, 2016
William P. Foley no longer will serve as an executive officer of Fidelity National Financial, but will retain his other positions in the company and with Black Knight Financial Services. Read on to learn more.
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Stewart Title names senior business development officer
Posted Date: Thursday, January 14, 2016
Stewart Title named a new senior business development officer to serve in the Los Angeles Commercial Services office. She comes with more than 20 years of experience. Read on to learn more.
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Westcor appoints Ohio manager
Posted Date: Thursday, January 21, 2016
Westcor Land Title Insurance Co. appointed an Ohio manager. He will be responsible for supporting title agents and strengthening Westcor’s position in the Ohio market. Read on to learn more.
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WFG Lender Services names sales director
Posted Date: Sunday, January 24, 2016
WFG Lender Services named a sales director. He will be tasked with growing the underwriter’s client base. Keep reading to learn more.
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Black Knight appoints mortgage market leader
Posted Date: Thursday, January 14, 2016
The Data & Analytics division of Black Knight Financial Services, Inc. appointed a mortgage market leader. She will lead the division’s strategy to help clients leverage Black Knight solutions across the entire mortgage and home equity loan lifecycle. Read on to learn more.
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Purchase loans closing more than a week longer than 2014
Posted Date: Sunday, January 24, 2016
2015 ended with the average time to close a loan holding steady at 49 total days, according to the latest Origination Insight Report released by Ellie Mae. While the average time to close a refinance fell from 49 days to 47 days, purchases climbed one day to 50. Read on to learn more.
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Fitch: U.S. home prices sustainable; mortgage lending to grow
Posted Date: Sunday, January 24, 2016
Fitch Ratings says in its latest annual Global Housing and Mortgage Outlook report that it expects housing and mortgage markets to be stable or improve in most of the 22 countries covered in the study. In the United States, nominal home prices have rebounded by more than 25 percent nationally and more than 40 percent in California from their lowest level in 2011. Keep reading to learn more.
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NAFCU urges standards in wake of Hyatt breach
Posted Date: Thursday, January 21, 2016
National Association of Federal Credit Unions President and CEO Dan Berger said Hyatt Hotels Corp.’s admission of the breadth and scope of its massive credit-card data breach – affecting 250 hotels in 50 countries – underscores the need for Congress to pass national data security data standards for merchants and retailers. Keep reading to learn more.
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12th Floor Group puts top tier agents together
Posted Date: Monday, February 8, 2016
While grounded in a snow storm in Dallas, 12 title insurance professionals met on the 12th floor of a hotel and formed a consortium of title operations. The idea was that each member would be held to the highest industry standards, allowing lender clients to go one place for their title insurance needs. Read on to see who these professionals are and how they plan to meet this high standard.
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NATIC adds media production specialist
Posted Date: Sunday, January 24, 2016
North American Title Insurance Co. added a new media production specialist. His expertise and skillset will help the underwriter expand its marketing and educational programs. Read on to learn more.
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ClosingCorp names new leader of sales and business development
Posted Date: Thursday, January 21, 2016
ClosingCorp named a new head of sales and business development. He will develop customer acquisition strategies and be responsible for building and maintaining relationships with leading loan origination systems and industry settlement service portals. Read on to learn more.
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Black Knight achieves MISMO standards
Posted Date: Tuesday, January 19, 2016
Black Knight Financial Services, Inc. announced its LoanSphere Exchange technology and LoanSphere Closing Insight solution, both offered through its RealEC Technologies division, have achieved certifications from MISMO. Read on to find out what the standards organization awarded to Black Knight.
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California housing bounces back in December
Posted Date: Tuesday, January 19, 2016
California existing home sales rebounded in December after new loan disclosure rules delayed closings in November, the California Association of Realtors said. Home sales exceeded the 400,000-unit level in December after falling short in November. Read on to learn more.
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CFPB accepts applications to advisory board, councils
Posted Date: Tuesday, January 19, 2016
The Consumer Financial Protection Bureau (CFPB) is accepting applications for its three advisory boards, Consumer Advisory Board, the Community Bank Advisory Council and Credit Union Advisory Council, as spots become vacant on them. These groups allow the bureau to hear directly from small financial institutions. Keep reading to learn more.
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Rekon Technologies names VPs
Posted Date: Sunday, January 17, 2016
Rekon Technologies has named new vice presidents for sales and marketing and software development. CEO Aurora Marsh said she is delighted to promote these individuals from within. Keep reading to learn more.
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Housing affordability constrains, FannieMae says
Posted Date: Sunday, January 17, 2016
Fannie Mae’s Economic & Strategic Research Group’s theme for the economy and housing market in 2016 centers on the challenge of housing affordability coupled with expected modest economic growth, as the expansion progresses through its seventh year. Keep reading to learn more.
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Residential sales generally positive, Beige Book says
Posted Date: Thursday, January 14, 2016
Reports from the 12 Federal Reserve Districts indicated economic activity has expanded in nine of the Districts since the previous Summary of Commentary on Current Economic Conditions by Federal Reserve District otherwise known as the Beige Book. The Title Report gathered information on the performance of the real estate and construction industries as well as banking and finance. Read on to learn more.
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Foreclosures hit 9-year low in 2015
Posted Date: Thursday, January 14, 2016
RealtyTrac, released its Year-End 2015 U.S. Foreclosure Market Report showing foreclosure filings were down 3 percent from 2014. The nearly 1.1 million properties with foreclosure filing in 2015 was the lowest annual total since 2006. Read on to learn more.
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