News By Edition

In the midst of a hostile takeover battle with CoreLogic, Fidelity Chairman William Foley, II has started a blank check company to “effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.”

Newly formed Foley Trasimene Acquisition Corp. II announced the closing of its initial public offering of 130 million units at a public offering price of $10 per unit.

Read on for more details.

A real estate technology company that offers full-service home buying and selling solutions including title insurance has named a chief financial officer (CFO), the company announced.

The company promoted one of its own who it said has helped it maintain its financial health while tapping into the end-to-end real estate platform.

Read on to learn who the company selected.

Hillsboro Title Co. recently expanded its operations with the opening of a new escrow closing and construction disbursing office in South County, Mo., the company announced.

Hillsboro said its new office provides a centralized location between its existing offices in Arnold and Chesterfield. The office opens Sept. 15 and is in St. Louis.

Read on for more details.

Qualia has integrated CATIC’s title search application into its platform, the companies announced.

The integration enables title companies to place orders for CATIC’s title searches, track progress and manage payments without leaving the Qualia platform. The companies said billing is processed automatically and agents can keep track of CATIC orders with Qualia Marketplace reports.

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During a recent four-week period, more than four out of 10 homes on the market found buyers within two weeks.

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TitleClose has announced an enhanced user interface for its branded mobile app.

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Investors Title Co. produced record results during the second quarter of the year, according to the company’s latest earnings report.

Chairman J. Allen Fine said the company’s overall level of purchase activity improved substantially because of interest rate declines, pent-up demand from the first quarter, and initiatives from industry participants to enable loan closings during the coronavirus pandemic.

Read on for more details from Investors Title’s latest earnings report.

CATIC President and CEO James Czapiga said the company looks forward to bringing “unparalleled service and support to real estate professionals throughout the state” as it continues to grow its operations.

A digital lender has secured $75 million in Series F funding led by a venture capital firm backed by major banks and financial institutions.

Blend said the funding led by Canapi Ventures brings its valuation to nearly $1.7 billion, and will be used to accelerate the development of its unified digital platform for mortgages, consumer loans, and deposit accounts.

Read on to learn more.

Qualia has launched a remote online notarization solution to enable entirely digital, contactless home closings, the company announced during its Future of Real Estate Summit Summer Session.

 Qualia said the solution will help ensure the millions of real estate purchases and refinances that happen each year can continue to take place in a secure, digital way during the COVID-19 pandemic and beyond.

 Read on for more details.

Florida-based KPC Title Agency has partnered with Pavaso to offer fully digital closings, the companies announced.

 KPC said its remote online notary services provide a solution to customers who are unable to attend the closing in person, or who want to reduce their travel time and expenses.

 Read on to learn more about the agency’s newest offering.

Incenter, parent company of Agents National Title and Boston National Title, has named a president, enterprise business development.

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Real Data Consulting, LLC has launched a text messaging service for businesses and professionals.

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Forty-nine states showed an increase in the percentage of homes considered equity-rich during the second quarter.

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Fidelity National Financial second-quarter earnings improved as an increase in refinance orders more than compensated for a dip in purchase orders opened and closed, according to the company’s latest earnings statement.

 Additionally, Fidelity announced it purchased the remaining 21 percent interest in ServiceLink for $90 million.

 Read on for more details from Fidelity’s latest earnings statement.

String Real Estate Information Services has expanded and restructured its U.S. operations team, the company announced.

 The changes include the transitioning of two executives from SitusAMC to serve in similar roles at String. Managing Director Prashant Kothari said the two newest team members will help the company expand its operational capabilities.

 Read on for more details.

Knight Barry Title Group has expanded its Florida footprint with the acquisition of a title agency in Deerfield Beach, the company announced. Financial terms of Knight Barry’s acquisition were not disclosed.

 The previous owner of the acquired agency said Knight Barry shares the same methodology and honorable way of thinking.

 Read on for more details about the acquisition.

SoftPro has integrated CertSimple, Inc.’s property tax and homeowners’ association certification into its platform.

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ATTOM Data Solutions has hired an executive vice president of marketing for RealtyTrac.

Read on for more details.