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The Title Report Print Edition
September 19, 2016
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eMortgage adoption barriers named
Posted Date: Sunday, September 18, 2016
The GSEs, Fannie Mae and Freddie Mac are working together to improve the lending industry’s ability to originate and deliver eMortgages and eClosings. A recent report, “eMortgages: Joint GSE eMortgage Outreach Survey Findings on the State of Industry Adoption,” asked 130 industry stakeholders, including lenders, technology solution providers, warehouse banks, servicers and title and settlement providers about their perceived obstacles/barriers to broader industry adoption of eMortgages. Read on to learn more.
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First American acquires RedVision
Posted Date: Tuesday, September 6, 2016
First American Financial Corp., a global provider of title insurance, settlement services and risk solutions for real estate transactions, signed an agreement to acquire RedVision Systems, Inc., an independent national provider of title and real property research.
RedVision is recognized throughout the industry for its proprietary technology, which includes its production platform, TitleVision and Nova, which offers a customizable and scalable solution for title research and production.
“We’re excited to soon welcome RedVision to the First American family of companies. RedVision’s data, technology and services complement First American’s existing title search and title evidence production and will further expand First American’s industry-leading position in title and property data,” said George Livermore, executive vice president of First American’s Data and Mortgage Solutions division, which will include RedVision, in a press release announcing the acquisition.
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Moody’s considers upgrading Old Republic’s debt ratings
Posted Date: Sunday, August 28, 2016
Moody's Investors Service has placed the debt ratings of Old Republic International Corp. on review for upgrade. The rating action reflects ORI’s progress in managing its runoff mortgage insurance operations and our expectation of continuing steady declines in these long-term liabilities. Read on for the latest details.
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Mid America Mortgage to eClose all retail loans
Posted Date: Thursday, August 25, 2016
After Mid America completed its first full eClosing in July, owner and CEO Jeff Bode said he intends to expand eClosings to all its retail businesses, executing eNotes and utilizing electronic documents where allowed by local jurisdiction. Keep reading to learn more.
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Improved profitability and capitalization through second quarter
Posted Date: Thursday, August 25, 2016
Demotech, Inc. has affirmed the Financial Stability Ratings (FSRs) assigned to title underwriters based on its review of second quarter 2016 statutory financial information. Based upon a review of these key metrics and rating indicators, title underwriters collectively improved their overall financial stability through second quarter 2016.
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Florida Agency Network partners with SETCO Services
Posted Date: Tuesday, August 23, 2016
Florida Agency Network (FAN) is joining forces with SETCO Services, LLC headquartered in Destin, Fla. FAN CEO Aaron Davis told The Title Report this latest venture marks a new initiative by the title insurance agencies.
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Credit union league, CATIC partner on title
Posted Date: Thursday, August 25, 2016
The Credit Union League of Connecticut and CATIC have announced a new partnership, providing professional title services to Connecticut’s credit unions and their policy-issuing attorneys. Read on to learn more.
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CU companies launches CU Commercial Title Services
Posted Date: Thursday, September 1, 2016
CU Companies continues to diversify its product offerings with the launch of a new commercial closing service available nationwide.
CU Commercial Title Services will provide commercial title services, construction disbursing and escrow services to brokerage groups, lending institutions, attorneys, businesses and individuals.
Melissa K. Page Boeshans joins the CU Companies team as the president of CU Commercial Title Services. She comes with an extensive background in commercial closing and a strong devotion toward building and maintaining customer relationships.
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Baird & Warner to open new downtown office
Posted Date: Thursday, September 1, 2016
Baird & Warner has signed a lease for a new Chicago office in the Transportation Building at 620 S. Dearborn St. It will be focused on providing brokerage, mortgage and title services primarily to the South Loop and its surrounding neighborhoods. Read on to learn more.
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ATG opens new Illinois office
Posted Date: Sunday, August 28, 2016
Attorneys’ Title Guaranty Fund, Inc. is expanding its operations in Illinois. Keep reading to learn more.
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RADAR, Inc. spun off as independent company
Posted Date: Thursday, September 1, 2016
RADAR, a provider of incident response management software to the property/casualty and title insurance, financial services, healthcare, and other organizations that manage regulated data, is now an independent company. Read on to learn more.
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Orange Coast Title Co. passes 3rd SSAE 16 audit
Posted Date: Thursday, September 1, 2016
Orange Coast Title Co. and its Family of Companies, announced it has completed its SSAE 16 audit with no exceptions for the third consecutive time. Keep reading to learn more.
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TI Services changes site name, boosts awareness
Posted Date: Tuesday, August 23, 2016
TI Services, LLC recently changed MyTitleIns.com to CompareTitleCompanies.com, a mobile-friendly website designed to increase awareness of local title companies. Consumers, lenders and real estate brokers are able to input transactional information and receive a list of local title companies in Colorado and their costs. Read on to learn more.
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Foundation Title adds Updater
Posted Date: Sunday, August 28, 2016
Foundation Title has partnered with Updater, an automated and guided web application simplifying the moving process, to provide their clients with a seamless moving experience. Keep reading to learn more.
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Infinity Abstract and Title launches new app
Posted Date: Thursday, August 25, 2016
Infinity Abstract & Title, a Tampa-based, attorney-owned title company, added a new app to its list of customer services and resources. The app provides services for Realtors, buyers and sellers. Keep reading to learn more.
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ePN integrates with Landtech Data Corp.
Posted Date: Thursday, September 1, 2016
eRecording Partners Network (ePN) partnered with Landtech Data Corp. (Landtech) to improve the recording process for closing agents. Read on to learn more.
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Indecomm reaches eRecording milestone
Posted Date: Thursday, September 1, 2016
Indecomm Global Services announced that its eRecording services are being utilized in more than 900 counties nationwide. Read on to learn more.
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Census Bureau looks at entrepreneurs
Posted Date: Tuesday, September 6, 2016
According to findings from the U.S. Census Bureau’s inaugural Annual Survey of Entrepreneurs, 8.9 percent of U.S. firms with paid employees had been in business for less than two years in 2014. The survey is designed to provide a timely, more frequent socio-economic portrait of the nation’s employer businesses by gender, ethnicity, race and veteran status. Keep reading to learn more.
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Loan defect rate at low point
Posted Date: Tuesday, September 6, 2016
Chief Economist Mark Fleming said refinance activity, fueled by historically low mortgage rates, and improved loan manufacturing processes are producing the lowest level of loan defects and misrepresentation in recent history in his latest Loan Application Defect Index. Read on to learn more.
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HUD, Census Bureau report new residential sales
Posted Date: Thursday, August 25, 2016
The Department of Housing and Urban Development and the U.S. Census Bureau released the number of sales of new single-family houses in July 2016. Read on to learn more.
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Existing home sales to stabilize in August
Posted Date: Tuesday, September 6, 2016
Ten-X has released its latest Ten-X Residential Real Estate Nowcast, which projects existing home sales will stabilize in August. Read on to learn more.
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Existing-home sales lose steam in July
Posted Date: Sunday, August 28, 2016
Slowed by low inventory levels in many parts of the country, existing-home sales lost momentum in July and decreased year-over-year for the first time since November 2015, according to the National Association of Realtors. Only the West region saw a monthly increase in closings in July. Read on to learn more.
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ClosingCorp names new VP
Posted Date: Thursday, August 25, 2016
ClosingCorp named a new vice president, national account representative. Read on to learn more.
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Simplifile expands eRecording network
Posted Date: Thursday, August 25, 2016
Simplifile has added nine county recording offices in the Southeast and 14 in the Midwest to its eRecording network. Read on to learn more.
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