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New rules lead to longer closing times, agents report
Posted Date: Tuesday, December 8, 2015
Now that TRID has been implemented, The Title Report wanted to know what effect the new rule had on closings in November. Orange Coast Title Executive Vice President and General Counsel Bill Burding and OPTIMA Lender Services CEO Monique Winston shared their experiences. Read on to learn more.
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Report tracks closing time in first month of TRID
Posted Date: Thursday, November 19, 2015
In the first month of mortgage loans subject to the new TILA-RESPA Integrated Disclosure (TRID) forms, Ellie Mae’s Origination Insight Report tracked the length of time that loans closed, compared with the prior month before TRID. The report also found that the closing time for loans in October was substantially different than a year earlier. Read on to find out how the timeline for closing loans has changed since October 2014.
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After analyst criticism, Stewart boosts dividend, announces buyback
Posted Date: Thursday, November 19, 2015
Two days after an analyst note warned investors to avoid shares of Stewart Information Services Corp., the company announced an increase to its dividend and a new share buyback plan. Read on for details of why the analyst cautioned against investing in Stewart, and what the dividend increase and buyback program could mean to Stewart shareholders.
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C.J. Brown Realtors builds new facility
Posted Date: Friday, November 27, 2015
C.J. Brown Realtors is in the beginning stages of building a new office for agents and clients in Baton Rouge and Ascension Parish, LA. It will house residential sales, mortgage, title and insurance services. Read on to learn more.
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Prism Title expands title services to Wisconsin
Posted Date: Tuesday, November 24, 2015
Prism Title recently began servicing title needs for Wisconsin Realtors and lenders across all of Southeastern Wisconsin. Its President Robert Bingham said TRID has been an accelerant for the company’s growth. Keep reading to learn more.
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Timios obtains title insurance license in California
Posted Date: Tuesday, November 24, 2015
The California Department of Insurance approved an expansion of Timios Title, a subsidiary of Timios, Inc. to all counties in California. Timios Title President Richard Thomas said he is excited to bring this expanded service to the company’s clients as it grows market share in California. Read on to learn more.
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Trident Title moves corporate headquarters
Posted Date: Tuesday, December 1, 2015
Trident Title moved its corporate headquarters to a new facility in West Palm Beach, Fla. The goal is to provide a better opportunity serve the company clients and its growing needs. Read on to learn more.
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Regions Bank launches fraud prevention, personal safety series
Posted Date: Tuesday, November 24, 2015
Regions Bank launched a collection of articles and videos offering up-to-date insights to help keep consumers safe during the holiday shopping season and beyond. The information will alert consumers to common types of fraud and theft – as well as steps consumers can take to protect themselves. Read on to learn more.
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Agency revises NATIC outlook
Posted Date: Monday, November 23, 2015
A.M. Best announced that it has revised its outlook for North American Title Insurance Co. Read on to see what the agency thinks is ahead for the company, and how strong it believes the firm’s financials are.
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FHA reserve fund jumps past required level
Posted Date: Tuesday, November 17, 2015
The FHA Mutual Mortgage Insurance Fund’s capital ratio stands at more than 2 percent, the first time this has happened since 2008. Mortgage Bankers Association President and CEO David Stevens said the FHA and its leadership should be commended for protecting the program and the American taxpayer. Keep reading to learn more.
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WFG strives to improve transactions with west
Posted Date: Tuesday, December 1, 2015
WFG President Steve Ozonian has made technology a top priority. He said the amount of time and effort it takes to complete a real estate transaction today is bloated and unnecessary. To address this problem, the company introduced west. Read on to learn more.
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Black Knight integrates core technologies
Posted Date: Tuesday, November 24, 2015
Black Knight Financial Services announced LoanSphere Closing Insight, a Web-based solution automating the closing process, now is integrated with LoanSphere Empower, Black Knight’s end-to-end loan origination system. Clients now seamlessly can move between the two systems. Keep reading to learn more.
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SoftPro adds new integration
Posted Date: Thursday, November 19, 2015
SoftPro said it has a new integration with a nation title insurance company. Read on to find out how the integration with SoftPro’s 360 platform will help its agents.
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Snapdocs launches broker portal
Posted Date: Thursday, November 19, 2015
Snapdocs announced that it has launched a portal designed to connect all parts of the mortgage closing transaction. Read on to see what the new product can do to streamline the closing process, and how Snapdocs says business has grown for the company over the past year.
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Louisiana gets second parish to begin eRecording
Posted Date: Monday, November 23, 2015
Louisiana has two parishes in the state now that are eRecording, an announcement between the parish and Simplifile stated. Read on to see which parish has joined Jefferson Parish in offering the ability to file electronic documents, including mortgage and conveyance records, for recording.
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New Jersey, N. Carolina counties now eRecording
Posted Date: Tuesday, November 17, 2015
Hudson County, N.J., and Bladen County, N.C., are now eRecording. This allows the clerks to reduce costs and increase efficiencies. Read on to learn more.
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Wells appoints top executive
Posted Date: Monday, November 23, 2015
Wells Fargo announced that a long-time company veteran is stepping into a top executive position. Published reports say the move could put him in position to be the eventual successor as CEO. Read on for all the details.
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California Members Title adds execs
Posted Date: Thursday, November 19, 2015
California Members Title Insurance Co., a newly launched agency serving customers throughout California, has added two executives to its staff. Read on to see who the key hires are and the extensive title experience they bring to their roles.
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SCA adds VP of marketing and sales
Posted Date: Friday, November 27, 2015
Security Compliance Associates (SCA) added to its executive staff with the hiring of a vice president of marketing and sales. He will be responsible for leading marketing initiatives and developing new business opportunities. Read on to learn more.
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CoreLogic turns attention to multifamily industry
Posted Date: Tuesday, November 24, 2015
CoreLogic appointed two senior industry executives to lead the CoreLogic Multifamily business unit. The appointments are a key part of a significant investment by CoreLogic in the growing multifamily housing market. Read on to learn more.
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Commercial real estate to expand in 2016
Posted Date: Friday, November 27, 2015
Sustained job growth throughout the country and improving credit conditions are forecast to help keep commercial real estate activity expanding into next year. However, property prices are likely to slightly cool off after reaching their peak in some major markets, according to the National Association of Realtors (NAR) quarterly commercial real estate forecast. Read on to learn more.
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Ability-to-Pay rules are reducing income-related fraud, says First American
Posted Date: Friday, November 27, 2015
First American Financial Corp. released the First American Loan Application Defect Index for October 2015. It said Ability-to-Pay rules are reducing income-related fraud risk because intentionally misrepresenting one’s income for fraudulent gain is more likely to be caught according to the company’s chief economist, Mark Fleming. Read on to learn more.
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Report: Can buyers afford homes in good school ZIPs?
Posted Date: Monday, November 23, 2015
A new report from RealtyTrac analyzed test scores for elementary schools in more than 7,200 U.S. ZIP codes to find out whether homes in areas with good schools were affordable for buyers. Could you afford to buy a house with good schools for your children? Read on to see what RealtyTrac discovered.
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Existing-home sales capacity model decreases in October
Posted Date: Tuesday, November 24, 2015
First American’s released its proprietary Existing-Home Sales Capacity (EHS-C) model for October 2015. The EHS-C rate decreased by 3.1 percent compared with September and by 7.3 percent compared with a year ago. Read on to learn more.
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NAR: Fewest first-time buyers in 28 years
Posted Date: Monday, November 23, 2015
A new report from the National Association of Realtors shows that the share of first-time homebuyers continued to fall in 2015, despite the efforts from government entities such as Fannie Mae, Freddie Mac and the Department of Housing and Urban Development to loosen credit and reach potential buyers with lower credit scores. Read on for these and other details from the report.
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