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What is blockchain and how does it affect me?
Posted Date: Thursday, October 13, 2016
At the annual Association for Title information Management (ATIM) Conference in Santa Fe, The Title Report attended a session about blockchain and what it means for your business.
Simplifile Vice President of Regulatory and Industry Affairs Mark Ladd, a panelist, said he didn’t know if blockchain is the next big thing or the next big bust, but it is important for the industry to have an understanding of what it is and what it can do.
There are still a lot of unanswered questions about the technology.
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Cybersecurity tips from First American CISO
Posted Date: Sunday, October 9, 2016
First American Vice President and Chief Information Security Officer Shabnam Jalakian took time during her presentation at Land Title Association of Arizona’s Annual Convention to define cyberfraud, unique from other kinds of fraud.
In her presentation, Jalakian offered insight into cybersecurity threats and tips on how to secure your business.
Read on for the details from her presentation.
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SingleSource Property Solutions expands in Texas
Posted Date: Tuesday, October 4, 2016
SingleSource Property Solutions, a national provider of valuation, REO, title and property preservation services, has established SingleSource Property Solutions of Texas, LLC.
The division is based in Plano and is headed by a veteran Texas real estate executive. Texas is the 37th state SingleSource is licensed in for title, settlement and closing services.
Read on to learn more about the expansion.
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Consumers confused by title fee calculation on Closing Disclosure
Posted Date: Friday, September 30, 2016
More than 40 percent of American homebuyers feel taken advantage of, or are confused by, the calculation of title insurance fees on the Consumer Financial Protection Bureau’s (CFPB) new mortgage disclosures, according to a new study by the American Land Title Association (ALTA). Keep reading to learn more.
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Title premium volume at nine-year highs
Posted Date: Thursday, September 22, 2016
The American Land Title Association (ALTA) reported title insurance premium volume increased 3.9 percent during the second quarter of 2016 when compared to the same period a year ago. Read on to learn more.
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Details on the changes to Best Practices
Posted Date: Friday, September 30, 2016
The final revised version of the American Land Title Association Best Practices has some differences from the original proposal, after the association evaluated comments submitted over the summer. The maturity model, however, remains the same as originally proposed. Read on for details of what has changed in the Best Practices and to see whether your company will still be compliant when the new version takes effect Oct. 7.
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NTC launches training as a service offering
Posted Date: Friday, September 30, 2016
Nationwide Title Clearing announced a new service designed to provide in-depth training on the foundations of residential mortgage finance. The new offering provides a best practices based standard training package for lenders, investors and mortgage servicers. Read on to learn more.
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Brady & Kosofsky renews SOC 2
Posted Date: Tuesday, September 27, 2016
Brady & Kosofsky, PA successfully completed its annual SOC 2 examination. This year’s audit included a specific focus on its vendor management program. Read on to learn more.
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Equifax: Traditional credit reports updated
Posted Date: Tuesday, September 27, 2016
Equifax Inc. announced the information it provides lenders on traditional credit reports has been updated. Keep reading to learn more.
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‘Lock down your login’ initiatives moves beyond passwords
Posted Date: Tuesday, October 4, 2016
The Financial Services Roundtable announced its commitment to the National Cyber Security Alliance’s “Lock Down Your Login” Internet safety and security initiative to empower Americans to better protect their online accounts by moving beyond passwords. Read on for more details about the announcement.
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Candidates need to pay more attention to cybersecurity
Posted Date: Friday, September 23, 2016
Heading into the first presidential debate, a new survey sponsored by LifeLock, Inc said most Americans feel the presidential candidates are not paying enough attention to cybersecurity. Read on to learn more.
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First American completes integration with LendingQB
Posted Date: Friday, September 30, 2016
First American Mortgage Solutions, LLC announced the completion of a series of integrations with LendingQB. Users can now seamlessly order First American title and settlement services for both purchase and refinance transactions along with other services. Read on to learn more.
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Clear Choice upgrades tech, announces integration
Posted Date: Friday, September 30, 2016
Clear Choice Tax and Lien Search Municipal Lien Search and HOA Estoppel Letter Service Co. announced an upgrade in its Online Web Portal Ordering System and integrated with Closers’ Choice. Read on to learn more.
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Adeptive integrates with Simplifile Collaboration
Posted Date: Friday, September 30, 2016
Adeptive announced the Simplifile Collaboration service for lenders and settlement agents now is integrated with Adeptive’s ResWare title production platform. Read on to learn more.
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ePN partners with Closers’ Choice
Posted Date: Tuesday, September 27, 2016
ePN has partnered with Closers’ Choice to enhance the eRecording process for closing agents. Read on to learn more.
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PropLogix, Landtech announce integration
Posted Date: Thursday, October 6, 2016
PropLogix and Landtech Data Corp. announced a new integration of their technology systems. Read on to find out what the enhancement will do.
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Lodestar integrates with SnapClose
Posted Date: Thursday, September 22, 2016
Cornerstone Management Solutions has partnered with LodeStar Software Solutions to provide its Closing Cost Calculator directly from its flagship product, SnapClose Pro. Keep reading to learn more.
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Title Alliance appoints training director
Posted Date: Friday, September 30, 2016
Title Alliance, Ltd, appointed a training director for the company, its subsidiaries and affiliates. Read on to learn more.
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Stewart names vice president of marketing
Posted Date: Tuesday, October 4, 2016
Stewart has hired a new vice president of marketing. She will drive business growth by leveraging customer insights, creating and executing customer segmentation and marketing strategies to enhance the customer experience, the company said. Keep reading to learn more.
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Economic growth on the upswing, says Fannie Mae
Posted Date: Friday, September 23, 2016
Economic growth is poised to accelerate to 2.6 percent in the second half of the year, a rebound from the lackluster growth of 1 percent in the first half of 2016, according to Fannie Mae’s Economic & Strategic Research (ESR) Group's September 2016 Economic and Housing Outlook. Read on to learn more.
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Stewart adds California branch
Posted Date: Thursday, September 28, 2017
Stewart Title has expanded its footprint in California with the opening of a new branch in the San Francisco Bay area.
The company said the new office will serve the entire East Bay area and is dedicated to providing residential and commercial title insurance and escrow services.
Read on for more details.
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House passes bill to delay DOL rule; uphill battle ahead
Posted Date: Tuesday, October 4, 2016
The Dec. 1 effective date of the new Department of Labor overtime pay rule is drawing near, but Congress has begun a last-ditch effort to delay its implementation.
The House passed HR 6094 by a 246-177 vote just before recessing until after the elections. The bill would delay implementation of the rule for six months.
However, with Congress in recess until after the election, the proposal faces a difficult path ahead for passage before the rule takes effect. Read on for more details.
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Existing home sales projected to cool
Posted Date: Tuesday, October 4, 2016
The latest Ten-X Residential Real Estate Nowcast projected a continued cooling for existing home sales in September. Read on to learn more.
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HUD, Census release residential sales in August
Posted Date: Tuesday, September 27, 2016
Sales of new single-family houses in August 2016 were at a seasonally adjusted annual rate of 609,000, according to estimates released jointly today by the HUD and the U.S. Census Bureau. Read on to learn more.
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ALTA Board approves final changes to Best Practices
Posted Date: Friday, September 23, 2016
ALTA’s Board of Governors on Sept. 19 approved final revisions to the association’s Title Insurance and Settlement Company Best Practices and the Best Practices Assessment Procedures. Read on to learn more.
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Market potential improves with gains in income
Posted Date: Friday, September 23, 2016
First American Financial Corp. released First American’s proprietary Potential Home Sales model for the month of August 2016. The model showed market potential continuing to improve. Read on to learn more.
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Existing home sales soften in August
Posted Date: Friday, September 23, 2016
Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of Realtors. Read on to learn more.
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Wells Fargo agents letter addresses seller CD
Posted Date: Friday, September 23, 2016
As TRID’s one-year anniversary approaches, Wells Fargo addressed procedures, a few changes and expectations in its quarter settlement agent newsletter. The headline is that Wells now will require a copy of the seller CD be provided to the Wells Fargo closer along with other “prior to disbursement” documents specified in the closing instructions. The newsletter follows in its entirety.
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North American making news
Posted Date: Thursday, September 22, 2016
North American Title Insurance Co. has appointed an agency relationship manager for Florida. Based in Tampa, he will be working closely with NATIC State Agency Manager Geoff Harris to further permeate the Florida market. Read on to learn more about this announcement and other news from the underwriter and title group.
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PropLogix, Closers’ Choice partner up
Posted Date: Thursday, September 22, 2016
A state-of-the-art software integration between PropLogix and Closers’ Choice allows mutual clients to order PropLogix products directly from Closers’ Link Services Gateway. Read on to learn more.
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Conventional loans experience slight increase
Posted Date: Thursday, September 22, 2016
The percentage of millennial conventional loans increased slightly from 61 percent in June to 62 percent of total closed loans in July, according to the latest Ellie Mae Millennial Tracker. Read on to learn more.
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