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Working through war: Title tech COO readies platform launch in Israel
Posted Date: Thursday, October 26, 2023
Eyal Stern, chief operating officer and co-founder of Florida-based real estate technology provider DONO AI, spoke with The Title Report from his native Israel about the company’s new AI-driven title search platform.
Stern details what it has taken to maintain an end-of-year platform launch schedule as he works to keep loved ones safe amid a war.
Read on to find out more information.
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CATIC releases annual cybersecurity report
Posted Date: Thursday, November 9, 2023
CATIC released its second annual “State of All Things Cybersecurity” report, showing significant year-over-year jumps in ransomware attacks and the amount of funds demanded in such instances.
Data also shows a continued rise in other title and real estate industry threats such as wire fraud, email phishing, vacant lot scams and overpayment scams.
Read on to find out more information.
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Fathom Realty acquires Louisiana firm
Posted Date: Tuesday, November 7, 2023
Fathom Realty, a subsidiary of Fathom Holdings, Inc. has acquired a Louisiana real estate firm that will pave way for Fathom’s footprint in the state.
The deal marks the second acquisition under Fathom’s umbrella in the past few months, after a Texas deal allowed for expansion in that state earlier in the fall.
Read on to find out more information.
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Stewart title revenue continues quarterly climb
Posted Date: Tuesday, November 7, 2023
A third quarter earnings report from Stewart Information Services Corp. showed year-over-year declines overall but also quarterly jumps in both companywide and title segment earnings.
Companywide revenue for the third quarter came in at $601.7 million, up from $549.2 million in the second quarter but down year-over-year from $716.4 million.
Read on to find out more information.
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Old Republic Title Tech companies earn SOC certification
Posted Date: Tuesday, November 7, 2023
RamQuest and Pavaso, subsidiaries of Old Republic Title Tech, recently earned their SOC 2 Type 2 certification.
SOC 2 Type 2 certification signals that an organization’s cybersecurity and control measures meet all requirements outlined by the American Institute of Certified Public Accountants (AICPA), as verified by an independent auditor.
Read on to find out more.
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Westcor Land Title adds underwriting counsel
Posted Date: Tuesday, November 7, 2023
Westcor Land Title Insurance Co.’s new underwriting counsel for its New England region has nearly 40 years of industry experience.
Read on to find out more.
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LodeStar integrates with nCino Mortgage Suite
Posted Date: Tuesday, November 7, 2023
LodeStar has integrated its closing fee compliance tools into nCino’s Mortgage Suite, making LodeStar the first independent closing fee tech provider to do so.
Read on to find out more information.
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Redfin: Record share of homesellers drop prices
Posted Date: Tuesday, November 7, 2023
A record percentage of homesellers are dropping their asking prices amid continued high interest rates and other economic stresses, according to Redfin.
Read on to find out more information.
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AI: Prosperity or destruction?
Posted Date: Friday, November 3, 2023
Sessions at ALTA ONE 2023 included “Prosperity or Destruction: The Potential of AI,” led by Fidelity National Financial Chief Privacy Officer Elizabeth Reilly and Stewart Title Guaranty Co. Chief Information Security Officer Genady Vishnevetsky.
Both speakers delved into ’artificial intelligence’s potential to revolutionize the title industry, sharing positive and negative ramifications, including voice cloning.
Read on to find out more.
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Open Title Texas commences operations
Posted Date: Friday, November 3, 2023
Open Title Texas is open for business in the Lone Star State, led by a pair of title industry veterans with more than 20 years of experience.
The new firm is set to offer title searches and escrow services as well as title insurance and closings. Leaders said they will also put forth educational opportunities.
Read on to find out more information.
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NFIB: Tight labor market continues to hinder Main Street
Posted Date: Friday, November 3, 2023
Almost half of small business owners struggled to hire in October, with more than 40 percent (seasonally adjusted) reporting a job they could not fill, according to the National Federation of Independent Business.
Labor costs reported as the single most important problem for business owners were unchanged at 9 percent, four points below the highest reading of 13 percent in December 2021.
Read on to learn more.
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The Clearing House names chief product officer
Posted Date: Friday, November 3, 2023
The Clearing House has brought on a new chief product officer who will help lead initiatives including the RTP Network, CHIPS, ACH (EPN) and check clearing.
Read on to find out more information.
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The Closing Exchange integrates with Simplifile
Posted Date: Friday, November 3, 2023
The Closing Exchange has integrated with ICE Mortgage Technology’s Simplifile eSign Events, providing users access to remote online notarization and mobile closing appointments.
Read on to learn more.
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Mid South Title Services enters Florida market with acquisitions
Posted Date: Thursday, November 2, 2023
Tennessee-based Mid South Title Services has expanded into Florida through its acquisition of two Sunshine State firms that are more than 100 years old.
The acquisitions extend Mid South Title’s geographic footprint to include Tennessee, Mississippi, Louisiana and Florida. All newly acquired companies will now operate under the Mid South brand.
Read on to find out more information.
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First American title revenue holds steady from second to third quarter
Posted Date: Thursday, November 2, 2023
First American Financial Corp. recently announced its third quarter earnings, showing title segment revenue that’s equal to the second quarter and higher than the first.
Total revenues for the segment during the third quarter were $1.5 billion, down 19 percent compared with the same quarter of 2022. Leadership attributes those results to challenging market conditions.
Read on to find out more information.
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Zillow Group to acquire CRM provider
Posted Date: Thursday, November 2, 2023
Zillow Group’s acquisition of the Follow Up Boss customer relationship management platform will further help teams and agents deliver great customer experiences and boost productivity, leaders said.
Follow Up Boss will remain an independent brand and will continue to build its client base as a standalone product offering while serving all existing clients.
Read on to learn more.
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ALTA Good Deeds Foundation appoints board member
Posted Date: Thursday, November 2, 2023
The American Land Title Association (ALTA) Good Deeds Foundation has appointed a long-time ALTA member to its board of directors.
Read on to find out more.
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InspectHOA joins NIAS Vendor/Partner Marketplace
Posted Date: Thursday, November 2, 2023
InspectHOA is joining National Independent Agency Solutions’ vendor/partner marketplace. Members are chosen based on their ability to assist title companies in lowering costs and boosting revenue.
Read on to learn more.
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ATTOM: Third quarter home equity trends a mixed bag
Posted Date: Thursday, November 2, 2023
A third quarter report from property data curator ATTOM shows mixed results with nationwide home equity, with a sizeable quarterly drop in the share of mortgage homes considered equity-rich.
Read on to find out more.
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First American to pay $4.5 million no-poach penalty
Posted Date: Tuesday, October 31, 2023
First American Financial Corp. has agreed to pay a $4.5 million penalty after an investigation into no-poach policies by New York Attorney General Leticia James.
The penalty is the fourth for “Big Four” title insurance underwriters since the fall of 2021 and the second to be handed down this year.
Read on to find out more information.
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Old Republic Title sees quarterly earnings jump
Posted Date: Tuesday, October 31, 2023
Old Republic International Corp. reported a third quarter increase in title segment earnings compared with both the first and second quarter of 2022.
Third quarter net premiums and fees amounted to $684.4 million, contributing to $1.917 billion brought in over the first nine months. Leaders said continued elevated mortgage rates have played into year-over-year title earnings declines.
Read on to find out more information.
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AM Best affirms credit ratings of Investors Title Co., subsidiaries
Posted Date: Tuesday, October 31, 2023
AM Best has handed strong financial strength and credit issuing ratings to Investors Title Co. and its title subsidiaries, pointing to a strong operating performance and return on equity.
Their operating performance “consistently outperforms the industry, driven by its lower-than-average loss and loss adjustment expense ratios,” AM Best said.
Read on to find out more.
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Skyline Lien Search integrates with Qualia marketplace
Posted Date: Tuesday, October 31, 2023
Skyline Lien Search has integrated its full suite of products in the Qualia marketplace, allowing Qualia clientele to access all required services through a single portal.
Read on to find out more.
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TitleEQ closes $1.5 million seed round
Posted Date: Thursday, October 26, 2023
TitleEQ, a tech-driven national title and settlement services provider, garnered $1.5 million in investment capital during a recent seed funding round, the company announced.
Clients served by TitleEQ include institutional buyers and funds, residential real estate teams, commercial real estate-related businesses seeking to build workshare or joint venture partnerships, lenders and homebuilders.
Read on to learn more.
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Wholesale Title Solutions partners with NIAS
Posted Date: Thursday, October 26, 2023
Wholesale Title Solutions is joining the National Independent Agency Solutions (NIAS) marketplace thanks to a new partnership between the companies.
NIAS serves as a hub for independent offerings such as advisory and advocacy services, resources, and solutions tailored to agencies, insurers, Realtors, and lenders within the title industry.
Read on to find out more information.
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East Texas Title Companies adds to leadership team
Posted Date: Thursday, October 26, 2023
East Texas Title Companies promoted a pair of long-time employees to the respective positions of vice president of operations and vice president of partnerships.
Read on to find out more.
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Title Alliance, alanna.ai unveil service chatbot
Posted Date: Thursday, October 26, 2023
Title Alliance has employed technology from alanna.ai to create its new service chatbot, which will be available 24/7 to answer questions from Title Alliance clients.
Read on to find out more.
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Millennial Title announces real estate partnership
Posted Date: Tuesday, October 24, 2023
Kentucky-based Millennial Title is partnering with a popular online learning resource for real estate agents and brokers, which comes amid significant 2023 growth.
Millennial Title President Chip Ridge talked with The Title Report about benefits of the new partnership, which include referral partners’ access to specialized courses with more than 1 million users on lead generation, marketing, sales, specialist programming, and more.
Read on to find out more information.
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Bowe Digital unveils small business growth initiative
Posted Date: Tuesday, October 24, 2023
Title marketing firm Bowe Digital has created Growth House, which will specialize in data leasing for small businesses striving to expand their customer bases and audiences.
Growth House leverages ZoomInfo to research authentic, verified email addresses and professional contact information for any job title or industry in any state or region.
Read on to find out more.
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AM Best affirms excellent ratings of First American Financial, title group members
Posted Date: Tuesday, October 24, 2023
AM Best has affirmed excellent credit and financial strength ratings for First American Financial Corp., First American Title Insurance Co. and its title affiliates.
Ratings reflect First American Title’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Read on to find out more information.
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First American offers real estate data strategy
Posted Date: Tuesday, October 24, 2023
Chris Flynn, head of product and strategy at First American Data & Analytics, offered advice on optimizing real estate data and analytics strategy to gain a competitive advantage.
Read on to learn more information.
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Positively Balanced names senior auditor
Posted Date: Tuesday, October 24, 2023
Georgia-based escrow reconciliation and settlement support services provider Positively Balanced has tapped a 23-year title industry veteran is its new senior auditor.
Read on to learn more.
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Pagaya Technologies appoints president
Posted Date: Tuesday, October 24, 2023
Pagaya, an AI provider for the financial sector, has appointed a new president as its current president assumes another company role.
Read on to find out more.
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