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eMortgages and eClosings, what’s the difference?
Posted Date: Thursday, June 9, 2016
Recently, there has been a buzz around the industry about eMortgages. Are these eClosings? Does that refer to Rocket Mortgage? Street Resource Group President Stanley Street supplied some answers to The Title Report. He said they were gaining momentum before the Great Recession and gaining in popularity again. Read on to learn more.
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Labor Department finalizes overtime pay rule
Posted Date: Tuesday, May 24, 2016
Salaried workers making as much as $47,000 annually will become eligible for overtime by the end of the year, according to new rules finalized by the Department of Labor. The White House says the move will assist workers whose wages have been relatively stagnant in recent years, while news of the move was met with some opposition in the industry. Read on for the details.
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LenderLive splits off settlement services
Posted Date: Thursday, June 9, 2016
LenderLive announced a new organizational structure aligning its various business divisions under two broad units. LenderLive Services, LLC will house settlement services and LenderLive Document Services. Read on to learn more.
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Southern Title forms compliance division
Posted Date: Thursday, June 9, 2016
Building for the future of the title industry, Florida-based Southern Title has formed its own compliance division and set to work on ensuring that the company will have practices and policies in place to remain compliant throughout the business. Read on for all the details.
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Passport Title’s partnering model achieves certification
Posted Date: Sunday, June 5, 2016
Passport Title’s operating model has been declared fully compliant with ALTA Best Practices, a certification that extends to its existing community of title agent partners as well as to title agencies and individual attorneys and lay title agents when they choose to partner with the agency. Read on to learn more about this company’s partnership model.
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First National Title Insurance Co. now underwriting in Florida
Posted Date: Tuesday, May 31, 2016
First National Title Insurance Co. (FNTI) now is licensed and fully operational in Florida. This is the fourth state the underwriter is licensed in after Texas, Arizona and New Mexico. President and CEO Chris Phillips and National Agency Manager DJ Horn spoke with The Title Report about their new venture.
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Thomas Title and Escrow opens new office
Posted Date: Thursday, June 9, 2016
Arizona will see a new office from Thomas Title and Escrow opening next week. Read on for details of the latest company expansion.
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First International Title grows in Florida, Texas
Posted Date: Tuesday, June 7, 2016
First International Title opened Florida offices in Titusville and Perdido Key, with additional offices scheduled to open this month in St. Augustine and Doral (Miami). First International Title CEO Jim Moran said the company has assembled a terrific group of people who will help with this growth going forward. Keep reading to learn more.
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Are you an irresistible company?
Posted Date: Thursday, June 2, 2016
Being irresistible is being too tempting for people not to be attracted to you, according to Founder/CEO Lori Coruccini. October Research, LLC attended her presentation at the American Escrow Association (AEA) conference, where she expressed the importance of objective information and behaviors in the workplace. She said employers need to “continually attract” their employees. Read on to learn more.
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To increase sales, go back to basics
Posted Date: Tuesday, June 7, 2016
Like tag team wrestlers, escrow officers and sales team members need to work together, a panel at the American Escrow Association Annual Conference said. Read on for more insights that October Research, LLC, was able to gain from attending the session.
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SCA asks ‘Are you GLBA Compliant?’
Posted Date: Thursday, June 9, 2016
Security Compliance Associates recently released a whitepaper titled, “Are you GLBA Compliant: An examination of GLBA and Certification Requirements.” It discussed the requirements under the Gramm-Leach-Bliley Act and ALTA Best Practices. Read on for details from the whitepaper.
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Middleburg Bank opens new branch
Posted Date: Tuesday, May 24, 2016
Middleburg Financial Corp. announced it will open a new branch in Clarke County, Virginia. It will offer a full array of financial services, including mortgage lending, personal and commercial banking and investment and trust services. Read on to learn more.
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Beige Book reports construction, real estate expands
Posted Date: Thursday, June 2, 2016
The Board of Governors of the Federal Reserve System released its Beige Book, on June 1. The latest report said construction and real estate activity generally expanded since the last report. Read on for the details.
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Indecomm launches eRecording platform
Posted Date: Sunday, June 5, 2016
Indecomm Global Services announced it launched InteleDoc Direct eRecording Platform with Recopedia, Indecomm’s national recording toolkit. The platform will allow Indecomm or client-directed submissions with minimal data entry at any point in the process, the company said. Read on for the details.
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Mortgage Cadence integrates with DocuSign and eOriginal
Posted Date: Thursday, June 2, 2016
Mortgage Cadence LLC, an Accenture company, announced an integration with DocuSign, Inc. and eOriginal, Inc. This new integration helps to expedite the mortgage origination process. Read on to learn more about this partnership.
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FTC helps guide businesses on information security
Posted Date: Sunday, June 5, 2016
Representatives of the Federal Trade Commission and the National Institute of Standards and Technology recently spoke about the way information security and cybersecurity affects small businesses, and steps those businesses can take to protect themselves. Read on for the details.
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Maloney presses federal banking agencies for cybersecurity reassurances
Posted Date: Tuesday, May 24, 2016
Rep. Carolyn B. Maloney (D-N.Y.) requested information from the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency regarding the what response they have taken to recent cyberattacks on the SWIFT financial messaging network. In her letter she said more than 11,000 financial institutions use SWIFT to send billions of messages every year, facilitating trillions of dollars of cross-border payments. Keep reading to learn more.
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Old Republic names new president of title
Posted Date: Thursday, June 2, 2016
Old Republic announced it has created a new holding company for its Old Republic Title Insurance Group, and has promoted a long-time title insurance veteran to lead the company. He will lead all revenue-producing, direct and agency operations, commercial operations, and technical service operations and entities in the Title Group. Read on for more.
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WFG New England Agency group names underwriting counsel
Posted Date: Tuesday, May 31, 2016
WFG National Title Insurance Co. has named a new underwriting counsel for its New England Agency group. She will provide underwriting support, guidance and education for the underwriter’s New England region title agencies. Read on for the details.
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NS3: Make a Child Smile brings ‘simple pleasures’ to Charlotte
Posted Date: Thursday, June 9, 2016
For the fifth year in a row, attendees at October Research, LLC’s National Settlement Services Summit got together to help make a difference in the lives of area children. Read on for details of the charity presentation, and how the “simple pleasures help our children and families feel a sense of normalcy.”
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NS3: Regulator Open Forum prompts insightful discussions
Posted Date: Tuesday, June 7, 2016
The National Settlement Services Summit in Charlotte, N.C., opened with a forum discussion on today’s hot regulatory and compliance topics. With state and federal regulators on stage, the discussion included dispute resolution with the Consumer Financial Protection Bureau, TRID, marketing services agreements and more. Read on for the details.
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Ten-X: Existing home sales continue to increase
Posted Date: Tuesday, June 7, 2016
The latest Ten-X Residential Real Estate Nowcast projects continued growth in existing home sales for May, both from a month and a year earlier. Read on for the details.
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Home flipping increases 20 percent
Posted Date: Tuesday, June 7, 2016
RealtyTrac released its Q1 2016 U.S. Home Flipping Report, showing 6.6 percent of all single-family home and condo sales in the first quarter of 2016 were flips. This is a 20 percent increase from the previous quarter and up 3 percent from a year ago. Keep reading to learn more.
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NS3: Industry’s best honored with OR Awards
Posted Date: Tuesday, June 7, 2016
For the fifth year, October Research, LLC, presented its annual awards for leadership, innovation and philanthropy, with some of the brightest stars in the title industry recognized for their work. Read on for the details.
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Stewart Title grows commercial services business
Posted Date: Sunday, June 5, 2016
Stewart Title appointed a senior business development officer for its Dallas office. He will concentrate his efforts on expanding Stewart’s local, national and international commercial business by supporting and developing new business relationships and sales in the Dallas-Fort Worth, Texas area.
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NS3: Summit opens with lender oversight focus
Posted Date: Sunday, June 5, 2016
Hoping to keep the industry on a fast track to compliance and business building, the 12th annual National Settlement Services Summit (NS3) opens its doors today at the Sheraton and Le Meredien hotels in Charlotte, N.C. Read on for a preview of this year’s NS3.
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Wells thanks agents for TRID efforts
Posted Date: Friday, June 3, 2016
In its latest quarterly newsletter to settlement agents, Wells Fargo thanked agents for their efforts since the implementation of the TILA-RESPA Integrated Disclosure (TRID) rule, and updated work on Closing Insight adoption and master closing instructions. Read on for the details.
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CFPB takes action on illegal referral scheme
Posted Date: Tuesday, May 31, 2016
The Consumer Financial Protection Bureau (CFPB) has taken action against a former Wells Fargo employee for an illegal mortgage fee-shifting scheme. It found that a loan officer referred a substantial number of loan closings to a single escrow company, receiving a commission in the process. Read on to learn more.
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Sun Title Agency grows commercial division with new hire
Posted Date: Tuesday, May 31, 2016
Sun Title is expanding its commercial division with the hiring of a professional to focus on commercial business development. He brings 49 years of experience in the title industry, including 26 years in commercial title. Keep reading to learn more.
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Landmark expands to Clay County
Posted Date: Tuesday, May 24, 2016
Landmark, a land records software company, has gone live in Clay County, Fla. Landmark fields a suite of software solutions in court case management, tourist and bed tax collection, property deed sales and jury management. Read on for details of its expansion.
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Zombie foreclosures decrease 30 percent in second quarter
Posted Date: Tuesday, May 24, 2016
RealtyTrac released its Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report. It showed nearly 1.4 million U.S. residential properties were vacant as of May 2016. Keep reading to learn more.
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