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The Title Report Print Edition
July 14, 2014
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NS3: ‘We are financial service providers,’ says Patrick Stone
Posted Date: Monday, June 23, 2014
October Research, LLC recently hosted its annual National Settlement Services Summit in New Orleans. During “It’s a New Era: Title agents now defined as financial services providers” presentation, Patrick Stone, president and chief executive officer of the Williston Financial Group (WFG), told agents they are a necessary participant to lenders in the transaction and it’s time they act like it.
“My passion for this conversation increased dramatically in the past six months,” Stone said. “If you are perceived as a financial services provider, your value proposition is clear to everybody."
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Fannie director explains what’s holding housing back
Posted Date: Friday, June 27, 2014
October Research, LLC’s National Settlement Services Summit (NS3) held June 9-11 in New Orleans brought together experts from across industries to look at how shifting trends are helping shape the housing market and the businesses that rely on it.
Most agree that the U.S. economic and housing sectors are steadily improving and that they will rebound to historically normal levels, for the most part, within a year or two.
But there is a segment of the population that has the potential to either supercharge the recovery, or hold it back, depending on a few variables — and there is a good chance one of these individuals might be currently living in your basement.
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Jim Potter talks about expansion plans for Carrington Title Services
Posted Date: Monday, June 23, 2014
Carrington Title Services LLC, a national title agency, recently announced its plan to “sharpen its focus” on managing curative title. As a start, the company added three title industry veterans to its management team: Vice President of Title and Settlement Services Craig Marshall, Vice President of Legal Compliance Jack Dozak and Manager of Curative Services Lesa Wachter. They are charged with driving the company’s aggressive growth plans, assuring customer expectations are met and local real estate agents are supported.
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Investors receives ‘Excellent’ rating from A.M. Best
Posted Date: Tuesday, June 24, 2014
A.M. Best has assigned a financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” to the two subsidiaries of Investors Title Co. Inc., Investors Title Insurance Co. and National Investors Title Insurance Co. (Columbia, S.C.).
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First American’s Competitive Advantage Platform simplifies compliance
Posted Date: Friday, June 27, 2014
First American Title Insurance Co., a provider of title insurance and settlement services and the largest subsidiary of First American Financial Corp., launched the Competitive Advantage Platform. This web-based tool is designed to help title agents create and document policies and procedures needed to implement the American Land Title Association’s (ALTA) Title Insurance and Settlement Company Best Practices framework.
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Crown Title deploys IndiSoft’s RxOffice Title module to streamline title orders
Posted Date: Wednesday, July 2, 2014
Crown Title, a full-service provider of title, settlement and escrow services for residential and commercial real estate clients, recently announced that it has deployed IndiSoft’s RxOffice Title module to manage its title ordering operations.
According to David Thurston, president and sole owner of the Baltimore-based company, RxOffice Title has automated Crown Title’s title task workflow.
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Title!Snap launched by Title Resource Group
Posted Date: Monday, June 23, 2014
Title Resource Group launched the latest version of its mobile app, Title!Snap, which provides real estate professionals and loan officers with three calculators in one application for their local title and settlement calculation needs. Keep reading about the improvements in the latest version of the app.
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Data Trace improves title plants in Florida
Posted Date: Tuesday, June 24, 2014
Data Trace Information Services, a national provider of title plant, tax information and document images, added grantor and grantee data to its geographic title plants in Florida. Amanda Pomerantz, vice president of product management, spoke with The Title Report about this newest announcement.
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Kensington Vanguard expands reach in Washington D.C.
Posted Date: Wednesday, July 2, 2014
Kensington Vanguard National Land Services, an independent full-service national title insurance and settlement agency, opened two new Virginia offices in Woodbridge and Stafford – the heart of the Washington D.C. Metropolitan area.
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National Title Services Group formed to coordinate commercial title
Posted Date: Monday, June 23, 2014
Greater Illinois Title Co., (GIT), a Chicago-based real estate information services provider and Illinois’ largest title insurance agency, has formed a new division, the National Title Services Group, to streamline its growing national business through a separate business unit.
“We feel organic growth within our customer base benefits us and our customers,” Gregory Kosin, president of Greater Illinois Title, told The Title Report.
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IBISWorld updates Escrow and Title Services report
Posted Date: Friday, June 27, 2014
As the housing market rebounds, landlords are forecast to purchase more apartment complexes at higher prices, boosting demand and raising prices for escrow and title services. For these reasons and to help procurement professionals make better buying decisions faster, business intelligence firm IBISWorld has updated a report on the procurement of Escrow and Title Services in its growing collection of procurement category market research reports.
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FNF distributes tracking stock
Posted Date: Wednesday, July 2, 2014
Fidelity National Financial Inc., a provider of title insurance, technology and transaction services to the real estate and mortgage industries, completed the distribution to two previously announce tracking stocks. Read on to learn more.
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Zombie foreclosures decrease in number
Posted Date: Friday, June 27, 2014
The number of zombie foreclosures, properties that have started the foreclosure process but never been foreclosed and the homeowner has vacated the property, decreased in the second quarter from not only the first quarter but 2013 as well. Read on for details.
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First American names new deputy general counsel
Posted Date: Wednesday, July 2, 2014
First American Title Insurance Co. promoted Jim Nelson to vice president and deputy general counsel, operations. In his new role, Nelson will be responsible for the legal affairs of First American’s domestic title insurance operations.
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Avenue 365 charges new SVP with long-term growth
Posted Date: Monday, June 23, 2014
Avenue 365 Lender Services added a new senior vice president of national sales. He will be responsible for long-term strategic planning and management of the company’s national and regional account executives. Read on to learn more about the latest addition to the senior executive team.
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NS3 coverage: Preparing for the model escrow office of the future
Posted Date: Wednesday, July 2, 2014
When Nick Nicholson, incoming president of the American Escrow Association, started out in the escrow business, computers were not part of the transaction. Technology has improved the process, but with new technology and a push toward e-transactions, it is important to prepare now to protect your company and your customers from cyber security and other concerns. During October Research, LLC’s 2014 National Settlement Services Summit (NS3), he shared ways to create the model escrow office of the future. “The industry is completely changing,” Nicholson said. “We've got the new integrated disclosures, e-signings, e-notarizations, e-closings. Pretty soon the consumer is going to be able to stay at home and do the entire closing.”
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Lennar reports highest second quarter margins in company’s history
Posted Date: Friday, June 27, 2014
Lennar Corp., one of the nation's largest homebuilders, reported results for its second quarter ended May 31, 2014. Second quarter 2014 net earnings attributable to Lennar were $137.7 million, or $0.61 per diluted share, compared to second quarter 2013 net earnings attributable to Lennar of $137.4 million, or $0.61 per diluted share, which included a partial reversal of the state deferred tax asset valuation allowance of $41.3 million, or $0.18 per diluted share.
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Home prices increase 13 percent in May
Posted Date: Tuesday, June 24, 2014
U.S. median home prices increase 13 percent in May according to RealtyTrac’s May 2014 Residential & Foreclosure Sales Report. Keep reading to learn more statistics.
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