|
Little TRID guidance outside of CFPB
Posted Date: Thursday, September 24, 2015
The industry has learned what the Consumer Financial Protection Bureau plans to do when enforcing the TILA-RESPA Integrated Disclosure (TRID) rule beginning in October. But what about the nearly 8,000 institutions regulated by other agencies, and the title agents, Realtors and other industry partners that work with those lenders? The Title Report talked with representatives of the Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the Currency to find out their plans. Read on for the details.
|
|
|
Wells Fargo reminds agents its rules going into TRID
Posted Date: Thursday, September 24, 2015
With the TILA-RESPA Integrated Disclosure (TRID) rule implementation deadline looming in the near future, Wells Fargo wanted to give its settlement agents a refresher on critical information they need to know to close its loans. Keep reading for its TRID timeline.
|
|
|
Stewart Title of California expands with two new divisions
Posted Date: Monday, September 14, 2015
Stewart Title of California expanded its South Bay division into the East and West divisions, each with its own new president. Guy Krueger, president of Stewart Title of California, said he is very excited about the changes. Read on to learn more.
|
|
|
Linear Title and Closing new division
Posted Date: Sunday, September 20, 2015
Linear Title & Closing, Ltd. and its wholly owned subsidiary Abstrax, LLC, a provider of national abstracting services now is offering Transaction Management Services. It can be tailored specifically to meet the needs of servicers and investors trading in the secondary mortgage market. Read on to learn more.
|
|
|
First International Title expands into Texas
Posted Date: Sunday, September 20, 2015
First International Title expanded its operations into Texas with the purchase of First Western Title. With the sale, First International Title will assume control of First Western Title’s offices. Keep reading to learn more.
|
|
|
Fidelity Southern Corp. acquires 8 branches
Posted Date: Tuesday, September 15, 2015
Fidelity Southern Corp. completed its acquisition of eight branches in Florida. This expands its presence in counties surrounding Bradenton, Palmetto and Longboat Key. Read on to learn more.
|
|
|
Ellie Mae receives TRID domain certification
Posted Date: Thursday, September 24, 2015
Ellie Mae’s Encompass was recognized for TILA-RESPA Integrated Disclosure information management using MISMO 3.3 standards. Director of Compliance John Haring said it’s a wonderful recognition of the team’s hard work. Read on to learn more.
|
|
|
MBA releases whitepaper on information security
Posted Date: Tuesday, September 15, 2015
After observing the industry’s response to the cybersecurity threats looming on the horizon, a Mortgage Bankers Association (MBA) workgroup saw a need for a security guide for non-technical individuals to utilize to help them improve the security of their organization. It’s designed for small to medium-sized businesses to strengthen they’re information security. Read on to learn more.
|
|
|
AppRiver discusses five security steps in whitepaper
Posted Date: Sunday, September 20, 2015
Although email is a vital communication resource, it also is vulnerable to exploitation and data loss if the right security measures aren’t in place, according to AppRiver’s “Compliance 5 steps CipherPost Pro white paper.” The company listed five ways organizations can secure their email communications. Keep reading to learn more.
|
|
|
Res/Title releases TRID lender solution
Posted Date: Thursday, September 24, 2015
Res/Title Inc., a national title and settlement company, rolled out its new RES/SOLUTION program, a TRID compliance solutions for lenders. The program provides resources to lenders on three of the major fronts required of the new regulations. Keep reading to learn more.
|
|
|
Country Bank chooses TRID solution
Posted Date: Tuesday, September 15, 2015
Massachusetts-based Country Bank chose Simplifile as its TILA-RESPA Integrated Disclosure (TRID) collaboration solution. It will connect Country Bank to its settlement agents in a variety of ways. Keep reading to learn more.
|
|
|
Sierra Pacific Mortgage partners with Simplifile TRID solution
Posted Date: Monday, September 14, 2015
Sierra Pacific Mortgage selected Simplifile as its strategic partner and TRID solution provider. Chief Information Officer Jim Connell said collaboration with closing agents is crucial to deliver accurate Closing Disclosures in a timely manner. Read on to learn more.
|
|
|
Black Knight expands HOA solutions
Posted Date: Thursday, September 24, 2015
The Data & Analytics division of Black Knight Financial Services, Inc. launched a new solution for homeowners associations liens Black Knight HOA Solutions, an enhanced offering that expands upon Black Knight’s flagship HOA Lien Pro product, which can help protect mortgage servicers and investors from super-lien-related losses in applicable states.
|
|
|
|
Alliant National names new EVP of agency
Posted Date: Tuesday, September 22, 2015
Alliant National Title Insurance Co. named an executive vice president from within its ranks lead its agency division. He brings more than 25 years of experience in the industry to the position. Keep reading to learn more.
|
|
|
Ticor Title adds ‘key player’
Posted Date: Tuesday, September 22, 2015
Ticor Title has appointed an associate vice president to its team in Seattle. Read on to find out who this “key player” is.
|
|
|
North American Title Co.’s names senior VP, division manager
Posted Date: Thursday, September 17, 2015
North American Title Co. brought its former sales manager back into its ranks as senior vice president and division manager for Alameda and Contra Costa counties. She has more than 25 years of experience managing operations. Read on to learn more.
|
|
|
|
CW solutions promotes two to senior positions
Posted Date: Thursday, September 24, 2015
CW Solutions, a national real estate services firm focusing on the wireless telecommunications and utility industries, promoted a pair of “tremendous team players” to senior positions. Read on for the details.
|
|
|
Realtors: Homebuying process involves great technology
Posted Date: Tuesday, September 22, 2015
Even though more consumers are using the Internet as a tool during their home search, buyers increasingly are utilizing the knowledge and expertise of a real estate agent, according to the National Association of Realtors' Real Estate in a Digital Age report. Read on to learn more.
|
|
|
National foreclosure inventory down
Posted Date: Thursday, September 10, 2015
CoreLogic released its July 2015 National Foreclosure Report, showing a sharp decline in foreclosure inventory. The number of foreclosures nationwide is down 67.9 percent from the peak in September 2010. Keep reading to learn more.
|
|
|
Three partner to enable end-to-end eMortgages
Posted Date: Tuesday, September 22, 2015
Mid America Mortgage, DocMagic and eSignSystems partner to enable end-to-end eMortgages. The deal lays the foundation for true eMortgages. Read on to learn more.
|
|
|
Foreclosures down 12 percent in a month
Posted Date: Sunday, September 20, 2015
Foreclosures decreased 12 percent in August according to RealtyTrac’s U.S. Foreclosure Market Report. The report also shows one in every 1,205 U.S. housing units had a foreclosure filing in August. Read on to learn more.
|
|
|
Vantage Productions adds lenders to CRM client network
Posted Date: Sunday, September 20, 2015
Vantage Production recently brought five large non-bank lenders into the VIP customer relationship management user network. President and CEO Sue Woodard said CRM tools substantially will trim their costs while increasing production. Read on to learn more.
|
|
|
|
ISGN now supports MISMO 3.3
Posted Date: Thursday, September 17, 2015
ISGN Corp. announced enhancements to its Gators settlement services and vendor management platform. It now supports the import and export of the Mortgage Industry Standards Maintenance Organization (MISMO) Reference Model Version 3.3 file formats. Keep reading to learn more.
|
|
|
Credit union loan growth doubles that of banks
Posted Date: Thursday, September 17, 2015
U.S. credit unions outpaced banks across all consumer lending and asset quality categories, according to research conducted by Callahan & Associates on second-quarter data released by the National Credit Union Association and Federal Deposit Insurance Corp. Read on to learn more.
|
|
|
Title insurance premium volume up 21 percent
Posted Date: Thursday, September 17, 2015
Title insurance premium volume increased 21.1 percent during the second quarter of 2015 when compared with the same period a year ago, according to ALTA’s 2015 second quarter Market Share Data Analysis. The title insurance industry generated $3.4 billion in title premiums during the second quarter of 2015. Read on to learn more.
|
|
|
U.S. properties regain equity in second quarter
Posted Date: Thursday, September 17, 2015
Nationwide, borrower equity increased year-over-year by $691 billion in the second quarter of 2015, according to CoreLogic. The biggest reason for this improvement has been the rise in home prices over the past three years. Keep reading to learn more.
|
|
|
Applications for new home purchases decrease
Posted Date: Thursday, September 17, 2015
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2015 shows mortgage applications for new-home purchases decreased by 6 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. Read on to learn more.
|
|
|
Texas leads country in overvalued markets
Posted Date: Tuesday, September 15, 2015
CoreLogic identified 14 overvalued local markets. This is twice the amount listed in the first quarter of 2015. Read on to learn more.
|
|
|
Orange Coast Title completes SSAE and SOC audits
Posted Date: Monday, September 14, 2015
Orange Coast Title Co. and its family of title companies, a provider of title and escrow services nationally based in Santa Ana, Calif., completed its SOC 2 Type II Independent Service Auditor’s Report (SSAE 16) examination and was Best Practice certified in July. This includes all 26 of the companies which comprise OCT’s family of companies. Read on to learn more.
|
|
|
Commercial real estate activity slows
Posted Date: Monday, September 14, 2015
The commercial real estate market is starting to show signs of stabilizing following a multi-year period of run-up and appreciation, according to Auction.com. The company’s report showed that the hotel sector’s prices remain on the uptick, keeping it in the CRE spotlight with the strongest post-recession recovery of all sectors, outside of, apartments. Keep reading to learn more.
|
|
|
Vantage Productions adds lenders to CRM client network
Posted Date: Sunday, September 13, 2015
Vantage Production recently brought five large non-bank lenders into the VIP customer relationship management user network. President and CEO Sue Woodard said CRM tools substantially will trim their costs while increasing production. Read on to learn more.
|
|
|
Black Knight’s LOS now integrated with ClosingCorp
Posted Date: Thursday, September 10, 2015
ClosingCorp’s Loan Estimate Module now is available through Empower, Black Knight Financial Service’s comprehensive loan origination system. This follows earlier announcements this year regarding partnerships with Wells Fargo and Loan Origination Studio. Read on to learn more.
|
|
|
Mortgage Network opens branch in New Jersey
Posted Date: Thursday, September 10, 2015
Mortgage Network opened a new branch office in New Jersey. It will offer a full range of mortgage products, including conventional, non-conventional, government and reverse residential mortgage loans. Read on to learn more.
|
|
|
Commercial and multifamily delinquencies continue downward trend
Posted Date: Thursday, September 10, 2015
Delinquency rates for commercial and multifamily mortgage loans continued to decline the second quarter of 2015, according to the Mortgage Bankers Association. The organization’s vice president of commercial real estate research, Jamie Woodwell, said as commercial property incomes and values continue to climb, loan performance continues to improve as well. Read on to learn more.
|
|