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Title agents say due diligence problems frequent
Posted Date: Thursday, April 26, 2018
A majority of title agents surveyed by PropLogix said they find a post-closing problem in one of every 10 closings, and most said they’ve had to perform curative services due to a previous title agent’s post-closing neglect.
PropLogix CEO Jesse Biter said there are huge differences in the standard of due diligence practices throughout the industry.
Read on for more information from PropLogix’s report.
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New GTOs start today, may affect you
Posted Date: Friday, May 18, 2018
The Financial Crimes Enforcement Network (FinCEN) will extend its Geographic Targeting Orders (GTOs) that mandate identifying natural persons behind shell companies, The Title Report has learned.
FinCEN has yet to disclose what areas will be included in the GTOs or whether the mandates continued following their expiration in March.
Read on for more details.
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ATA National acquires Chicago agency
Posted Date: Thursday, May 3, 2018
Michigan-based ATA National Title Group (ATA), LLC has acquired a Chicago-area title agency with four offices and 12 employees.
Terms of the deal were not disclosed. The new company will operate under ATA’s umbrella and will be rebranded. ATA’s president said the acquired company will help ATA to further develop its capabilities within the Chicago market.
Read on for more details.
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TruSight gains new investor
Posted Date: Thursday, May 3, 2018
BNY Mellon has joined American Express, Bank of America, JPMorgan Chase and Wells Fargo as a key investor in a company formed to streamline third-party risk assessment.
Read on for more details.
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Westcor announces Ohio regional manager
Posted Date: Thursday, May 3, 2018
Westcor Land Title Insurance Co. has appointed a manager to oversee operations and strategic growth in Kentucky, Indiana, Michigan and Ohio.
Read on for more details.
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First American’s title margin best since 2010
Posted Date: Monday, April 30, 2018
A significant decline in refinances was partially offset by higher home prices as First American Financial Corp. (FAF) reported a small decline in revenue for the 2018’s first quarter.
CEO Dennis Gilmore said the company expects growth in its purchase business in 2018, and that FAF’s commercial business is off to a good start.
Read on for more details about FAF’s first-quarter performance.
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CFPB finalizes TRID amendment
Posted Date: Monday, April 30, 2018
The Consumer Financial Protection Bureau finalized an amendment to its “Know Before You Owe” mortgage disclosure rule that addresses when mortgage lenders with a valid justification may pass on increased closing costs to consumers and disclose them on a Closing Disclosure.
Many in the industry complained that the rule created a “black hole” in which lenders and title agents were unable to pass along legitimate costs.
Read on for more details.
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Michigan company offering title franchises
Posted Date: Monday, April 30, 2018
A company based in Auburn Hills, Mich., has launched a new turnkey franchise system that promises to eliminate the barriers typically found when trying to enter the title insurance industry.
The company provides access to a fully-compliant business model complete with a state-of-the-art IT infrastructure.
Read on for more details about where these opportunities are available.
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Land Services USA names vice president
Posted Date: Monday, April 30, 2018
Philadelphia-based Land Services USA, Inc. has named Shawn A. Goldfaden vice president and counsel.
Read on for more details.
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ReverseVision integrates Allegiant Reverse Services
Posted Date: Monday, April 30, 2018
A new integration allows settlement agents from Allegiant Reverse Services to place title orders and track files directly from ReverseVision’s platform.
Read on for more details.
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Codorus Valley Bancorp reports quarterly gain
Posted Date: Thursday, April 26, 2018
Codorus Valley Bancorp, Inc., whose subsidiary PeoplesBank owns SYC Settlement Services, credited its first-quarter gain in profits to tax reform passed late last year.
As a result of the successful first quarter, Codorus provided discretionary bonuses to all of its non-executive associates and established a charitable foundation.
Read on for more details.
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Freddie Mac names chief economist
Posted Date: Thursday, April 26, 2018
Freddie Mac has hired an economist who previously worked for CoreLogic, Fannie Mae and the National Association of Realtors to serve as its chief economist.
Freddie Mac’s EVP called the company’s new chief economist “a leading voice in the housing finance industry” with extensive knowledge.
Read on to learn who Freddie Mac selected for this important position.
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ePN adds vice president, operations manager
Posted Date: Thursday, April 26, 2018
eRecording Partners Network has hired a vice president of client services and an operations manager of client services.
Read on for more details.
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Inventory shortage making homes less affordable
Posted Date: Thursday, April 26, 2018
Nevada, New York, Kentucky, New Hampshire and Missouri had the greatest increase in real house prices between January 2018 and February 2018, according to the First American Real House Price Index.
Read on for more details.
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Housing demand declined in March
Posted Date: Thursday, April 26, 2018
In the markets served by Redfin, the number of customers making purchase offers through the real estate brokerage declined in March.
Read on for more details.
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Tennessee approves eNotarizations
Posted Date: Wednesday, April 25, 2018
Tennessee has approved a bill that would allow notaries to perform online notarizations.
The bill has been forwarded to Gov. Bill Haslam, who is expected to sign it into law.
Read on to learn what the president of the Tennessee Land Title Association told The Title Report about the passage of this legislation.
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NS3 Preview: Revitalization of blighted properties key for urban growth
Posted Date: Wednesday, April 25, 2018
Land banks play a vital role in communities with abandoned properties hoping to be available again for purchase. The title insurance industry is a main player when it comes to these efforts.
The 2018 National Settlement Services Summit (NS3) welcomes three expert panelists to the stage to help attendees learn how they can engage in similar initiatives in their communities.
Read on for a brief sample of what these speakers will bring to the audience June 6-8 in Detroit.
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Nationstar appoints COO
Posted Date: Wednesday, April 25, 2018
Nationstar Mortgage Holdings has created a new position of chief operating officer, and selected a former division president at ServiceLink to fill it.
The company’s new COO’s duties will include ensuring operational excellence across the company and leading Nationstar’s initiative to place the home, rather than the loan, at the center of the homeownership journey.
Read on for more details.
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IDS now conducting hybrid eClosings
Posted Date: Wednesday, April 25, 2018
Clients of International Document Services, Inc. now have the capabilities to conduct hybrid electronic mortgage closings through its flagship mortgage document preparation platform.
Read on for more details.
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Median home prices nearing pre-recession peak
Posted Date: Wednesday, April 25, 2018
Median home prices in Houston, Dallas, Denver, San Jose and San Antonio have soared past their pre-recession peaks during the first quarter.
Read on for more details.
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Percentage of closed loans increases
Posted Date: Wednesday, April 25, 2018
According to Ellie Mae’s latest Origination Insight Report, interest rates during March reached their highest level since January of 2014.
Read on for more details.
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NS3 Preview: Packing your cyberattack survival kit
Posted Date: Tuesday, April 24, 2018
There is lots of information out there about the risk of cyberfraud, how to avoid it, requirements to protect your company against it, and what the latest scams are that you need to look out for.
But happens when you get that 3 a.m. phone call that your system has been breached? What is your first step then?
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Westcor expands its remote, online notarizations
Posted Date: Tuesday, April 24, 2018
Westcor Land Title Insurance Co. has expanded its underwriting support of real estate transactions closed completely online to an additional four states and the District of Columbia.
Westcor now underwrites such transactions to 20 states plus the District of Columbia.
Read on to learn which company Westcor selected to provide its online closing and signing platform.
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AmTrust hosting women’s summit
Posted Date: Tuesday, April 24, 2018
AmTrust Title Insurance Co. will hold its first annual “Women’s Summit” at The Graduate Center of CUNY in New York.
Read on for more details.
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Stewart promotes sales executive
Posted Date: Tuesday, April 24, 2018
Stewart has named a sales director for its Illinois, Indiana, Kentucky, Kansas, Missouri, Ohio and Tennessee direct operations.
Read on for more details.
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Small business optimism remains near historic highs
Posted Date: Friday, April 20, 2018
Optimism among small-business owners has been riding high for more than a year.
In fact, fewer small-business owners are identifying taxes as their top problem, and a higher percentage are planning capital outlays.
Read on to learn more about the National Federation of Independent Business’ optimism index.
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First American Mortgage Solutions expands APIs
Posted Date: Friday, April 20, 2018
First American Mortgage Solutions (FAMS) has expanded the application programming interfaces available through its Digital Gateway.
FAMS said the expansion will give users greater flexibility to create modern, consumer-friendly applications and workflows. FAMS President Kevin Wall said customer feedback since the launch has been extremely positive.
Read on for more details.
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Quarterly foreclosures increase
Posted Date: Friday, April 20, 2018
During this year’s first quarter, foreclosure rates throughout the country inched upward compared with the previous quarter.
Read on for more details.
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Ellie: More borrowers expecting online convenience
Posted Date: Friday, April 20, 2018
A survey by Ellie Mae found that nearly two-thirds of Americans expect to be able to apply for a mortgage and complete the application online.
Read on for more details.
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Fannie: Consumer confidence increased in March
Posted Date: Friday, April 20, 2018
Americans surveyed by Fannie Mae in March were more confident about the economy and housing market than they were in February.
Read on for more details.
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