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February 6, 2012

The Title Report Edition
February 6, 2012
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In this edition of The Title Report, we look at Fidelity National Financial’s latest reacquisition of SoftPro. We discuss the move with John Crowley, chief information officer for FNF, and what else this could mean for the company’s technology plans going forward. Inside, we have the first word about Old Republic’s mortgage guaranty subsidiary being ordered into supervision. Also, we have a big focus on marketing strategies and customer service.



October Research launches industry awards program
Posted Date: Wednesday, January 25, 2012
October Research announced that it is launching an awards program to honor men and women in the mortgage and settlement services industries for exemplary accomplishment in the areas of leadership, innovation and philanthropy. Read on for more about the Joe Casa Awards.

Report: Data integrity, documentation issues significant in 2011 loan files
Posted Date: Wednesday, January 25, 2012
There might be some serious data integrity and documentation problems with 2011 residential mortgage loan files, according to a report from risk mitigation service company Interthinx.

Old Republic subsidiary ordered into supervision
Posted Date: Tuesday, January 24, 2012
Old Republic International Corp. announced that its subsidiary, Republic Mortgage Insurance Co. has been ordered into supervision by the North Carolina Department of Insurance. Read on for more details.

Title agent who closed 88 fraudulent deals pleads guilty
Posted Date: Tuesday, January 24, 2012
In federal court in St. Paul, Minn., the owner of a mortgage brokerage and the owner of a title closing company pleaded guilty for their roles in a mortgage fraud scheme involving undisclosed kickbacks to buyers. Read on for more about the scope of the scheme and the damages.

2011 existing-home sales top 2010, finish on uptrend
Posted Date: Tuesday, January 24, 2012
Existing-home sales in December have kept the momentum going from previous months. According to the National Association of Realtors, the December and year-end data show reasons to starting talking about recovery. Read on for more.

Title agency creates new customizable online program for real estate customers
Posted Date: Tuesday, January 24, 2012
Nations Title Agency has debuted a new service for its real estate customers that provides individual attention and service for specific properties. Read on for details about this new program and the value it provides for customers and home owners.

5 solutions to revamp your marketing plan in 2012
Posted Date: Monday, January 23, 2012
There is plenty of marketing advice within The Title Report archives, but with the constant changing of the new media world, and the more-level playing field it can create for small businesses, it never hurts to seek out more insight. We asked a recent entrant into the title agent marketing space for its best advice for today’s title agents. Read on for the company’s top five title industry marketing problems/solutions and more.

FraudSleuth gives homeowners power to discover fraudulent liens
Posted Date: Friday, January 20, 2012
Title professionals always say consumers “don’t know what we do.” Well, how about consumers skip that step and start doing “what we do?” PropertyInfo Corp.’s latest consumer-facing technology gives homeowners a little taste of a title search while helping to prevent fraud.

FNC: Latest report still shows slight home price decline
Posted Date: Friday, January 20, 2012
FNC’s latest Residential Price Index indicated that U.S. home prices continued to decline despite recent signs of job recovery and rising home sales and new residential construction. Read on for more.

December's mortgage performance stats first look
Posted Date: Friday, January 20, 2012
Lender Processing Services Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, reported the following first look at December 2011 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.

Homebuilder segment gains steam, confidence at highest level since 2007
Posted Date: Thursday, January 19, 2012
We noted in our 2012 State of the Industry report that homebuilding may have been the hardest hit segment in the housing downturn, but, very secretly, the homebuilders are gaining some positive momentum. Read on for more.

Webinar: Closers' duties complicated by legal difficulties of 2011
Posted Date: Thursday, January 19, 2012
The closers’ duties are truly a balancing act, as they are always walking that fine line to keep the lender, underwriter and borrower at ease through various points of the transaction. And many factors can play into how closers fulfill their obligations. Read on for information about important title agent requirements and how to better fulfill your obligations as a closer.  

Fidelity National Financial acquires SoftPro from LPS
Posted Date: Thursday, January 19, 2012
Some things are just meant to be: The nation’s largest title insurance underwriter once again owns the nation’s largest title production software provider. Read on for the initial announcement of Fidelity National Financial acquisition of SoftPro.

Summit keynotes to explore state of housing, secret to success
Posted Date: Wednesday, January 18, 2012
October Research is pleased to announce it has selected two very prominent figures to deliver the keynote addresses at the 2012 National Settlement Services and Compliance Summit, to be held in Cleveland, Ohio, June 12-13 at the downtown Cleveland Marriott at Key Center. Read on for more about these two confirmed key notes.

Nationwide Title Clearing receives recognition for mortgage assignment technology
Posted Date: Tuesday, January 17, 2012
Nationwide Title Clearing (NTC), a post-closing services provider for residential mortgages, is among the industry leaders featured in the new “Giants of Innovation” book from HousingWire. Read on for more information.

Investors Title brings on marketing representative
Posted Date: Tuesday, January 17, 2012
Investors Title Insurance Co. recently added a new marketing representative for the Georgia market area. Read on for more.

Wave of the future? Title Source details its online closing process
Posted Date: Monday, January 16, 2012
Perhaps more than anything else, the flying car is the ultimate symbol of “the future.” Until the world achieves the flying car, like in The Jetsons, can society really consider itself in “the future?” While it might not physically transport you anywhere, Title Source’s online closing announcement shows we’re getting close.

U.S. home prices declined to late 2002 levels
Posted Date: Monday, January 16, 2012
Lender Processing Services Inc. announced that its Applied Analytics division updated its home price index (HPI) with residential sales concluded during October 2011. The LPS HPI summarizes home price trends nationwide by tracking sales each month in more than 13,500 ZIP codes. Within each ZIP code, the LPS HPI tracks five price levels from low to high.

Westcor hires director for new lender services group
Posted Date: Friday, January 13, 2012
Westcor Land Title Insurance Co. announced a former executive vice president of sales of a national title agency has joined the company as director of lender services.

Stewart brings on agency manager for Florida
Posted Date: Friday, January 13, 2012
Stewart Title Guaranty Co. announced the addition of 14-year industry veteran as agency services manager for the Florida agency team.

Minnesota county hops on e-record bandwagon
Posted Date: Friday, January 13, 2012
eRecording Partners Network announced the submittal of the first electronic real estate documents to a Minnesota county.

Foreclosures hit 3-year low in 2011; what's in store for 2012?
Posted Date: Friday, January 13, 2012
A recent report illustrates just how much the robo-signing and paperwork issues clogged up foreclosures within the pipeline in 2011 as it marked a three-year low for foreclosure activity. Despite the decline, no one is expecting a new day for the distressed housing market.

Law firm announces new lead for title litigation group
Posted Date: Thursday, January 12, 2012
The law firm of Danna McKitrick P.C. announced that an associate has been elected to the position of principal and will lead the title litigation group for the firm and also practice in real estate, collection and banking law.

Old Republic sets Q4, year-end 2011 conference call
Posted Date: Thursday, January 12, 2012
Old Republic International Corp. announced the day and time it will hold a conference call to discuss its fourth quarter and year-end 2011 earnings report. Read on for more.

Mortgage applications rise to start the New Year
Posted Date: Thursday, January 12, 2012
Purchase applications increased from a fairly low number to help boost the data in the Weekly Mortgage Applications Survey from the Mortgage Bankers Association. Read on for more information.

CEO of mortgage giant steps down
Posted Date: Wednesday, January 11, 2012


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