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The Title Report Print Edition
February 15, 2021
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Old Republic’s title group sets ‘all-time’ highs for revenues, profit
Posted Date: Tuesday, February 2, 2021
Old Republic International Corp.'s title insurance segment established both fourth-quarter and yearly records for revenue and operating profit, according to the company’s latest earnings statement.
Carolyn Monroe, president of the company’s title group, said the record-setting performance was driven by a robust real estate market, supported by continued low interest rate environment, resulting in an increase in home sales and refinance activity.
Read on for more details.
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Pango Group relaunches independent escrow brand
Posted Date: Thursday, February 4, 2021
The California-based settlement service Pango Group has relaunched the independent escrow brand Escrow Trust Advisors, the company announced.
Pango Group said it has consistently looked for new areas to expand its services to live out its mission of running exceptional real estate service businesses that enhance the lives of the people, partners, and communities they serve.
Read on for more details.
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Passport Title Services reports continued growth
Posted Date: Thursday, February 4, 2021
Maryland-based Passport Title Services, LLC said it achieved a 53 percent growth in settlement volume in 2020, representing more than $1.1 billion in insured commercial and residential transactions.
Established in 2005, Passport Title operates in Florida, Kentucky, Maryland, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia, and Washington, D.C.
Read on for more details about the company’s performance in 2020.
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ALTA names chief information officer
Posted Date: Thursday, February 4, 2021
The American Land Title Association has named its first chief information officer.
Read on to learn more.
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SoftPro, Mortgage Cadence integrate
Posted Date: Thursday, February 4, 2021
SoftPro’s 360 business exchange platform has been integrated with Mortgage Cadence’s Collaboration Center.
Read on for more details.
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Bidding wars eased in December
Posted Date: Thursday, February 4, 2021
Nearly half of home offers written by Redfin agents faced bidding wars in December, according to a report by the real estate brokerage.
Read on for more details.
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First American launches ‘fun’ and informative podcast
Posted Date: Wednesday, February 3, 2021
First American Financial Corp. recently launched a podcast designed to deliver economic insights for real estate professionals and anyone interested in real estate, housing, affordability, and related economic issues.
First American Chief Economist Mark Fleming said, “We want to help broaden understanding of the housing market, while having some fun along the way.”
Read on for more details.
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NFIB opposes proposed minimum wage increase
Posted Date: Wednesday, February 3, 2021
The National Federation of Independent Business (NFIB) recently sent a letter to Congress opposing the Raise the Wage Act of 2021 being championed by the Biden administration.
NFIB Vice President of Federal Government Relations Kevin Kuhlman said the proposed hike in the federal minimum wage “would be a devastating blow at a time when small businesses anticipate problematic economic conditions ahead.”
Read on for more details from NFIB’s letter to Congress.
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Consolidated Title Services acquires Minnesota agency
Posted Date: Wednesday, February 3, 2021
Consolidated Title Services, a branch of Guaranty & Title Co., has completed its acquisition of Wadena County Abstract as well as the title plant and closing services provided by Pederson & Pederson P.A., the company announced.
With the acquisition, Consolidated Title Services said it will provide a full range of title insurance, closing and escrow services, 1031 exchange services, tax and lien searches, and title reports throughout the region.
Read on for more details.
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Westcor names regional manager
Posted Date: Wednesday, February 3, 2021
Westcor Land Title Insurance Co. has named a regional manager of its Mountain States Region.
Read on to learn more.
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Avanze launches post-closing solution
Posted Date: Wednesday, February 3, 2021
Avanze Tech Labs has launched an artificial intelligence and machine learning SaaS product it said simplifies and fast-tracks the entire post-close process.
Read on to learn more.
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Federal Title and Escrow opens new location
Posted Date: Tuesday, February 2, 2021
Independent settlement service provider Federal Title and Escrow Co. has opened a new location in northern Virginia, the company announced.
Federal Title founder and CEO Todd Ewing said many clients expressed a need for “an experienced, tech-forward title company in the northern Virginia market.”
Read on to learn exactly where the new office is located.
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Realtor.com, Qualia partner
Posted Date: Tuesday, February 2, 2021
Realtor.com and Qualia have partnered to give agents and their clients the ability to collaborate online with their title provider of choice, the companies announced.
Starting this month, the two companies are collaborating as part of a pilot test in Florida, Maryland, Ohio, New Jersey, Pennsylvania, Texas, and Virginia. They plan a nationwide launch later this year.
Read on for more details.
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Home seller profits soared in 2020
Posted Date: Tuesday, February 2, 2021
In 2020, home seller profits rose in more than 90 percent of housing markets with enough data to analyze.
Read on to learn more details.
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Remote work expanding housing choices
Posted Date: Tuesday, February 2, 2021
Two-thirds of homebuyers and sellers would consider moving or already have moved to a different city or area given the opportunity to work remotely permanently.
Read on for more details.
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H. B. Wilkinson acquires Florida title agency
Posted Date: Wednesday, January 27, 2021
Illinois-based title insurance and real estate information services provider H. B. Wilkinson Title Co., Inc. has acquired Naples, Fla.-based Access Title Agency LLC, both companies announced.
Jointly, Access Title and H. B. Wilkinson Title now provide title insurance, escrow closing and real estate information services including title searches, title insurance, and construction and commercial escrow services in Illinois, Wisconsin, Michigan, Iowa, Florida and throughout the country.
Read on to learn more.
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SitusAMC acquires Assimilate
Posted Date: Wednesday, January 27, 2021
SitusAMC has acquired a provider of mortgage and title knowledge process outsourcing and information technology outsourcing solutions, the company announced.
Exact financial terms of SitusAMC’s acquisition of Assimilate Solutions, LLC were not disclosed. SitusAMC said the Assimilate management team will be retained.
Read on to learn what executives from both companies had to say about the acquisition.
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ZOCCAM awarded additional patents
Posted Date: Wednesday, January 27, 2021
ZOCCAM Technologies, Inc was recently awarded five additional patents.
ZOCCAM founder and CEO Ashley Cook said the patents clearly establishes the company as the leading innovator for mobile payments in the real estate space.
ZOCCAM’s customer base handles approximately 70 percent of all real estate closings in the United States. Read on to learn more.
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Home values hit six-year high
Posted Date: Wednesday, January 27, 2021
Typical home values in the U.S. in December had the highest annual increase since January 2014, according to Zillow’s latest market report.
Read on for more details.
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ServiceLink, Cloudvirga integrate
Posted Date: Wednesday, January 27, 2021
ServiceLink’s EXOS Express Pass has been integrated into Cloudvirga’s digital mortgage platform.
Read on to learn more.
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LoanLogics adds product owner
Posted Date: Wednesday, January 27, 2021
LoanLogics has added a senior vice president and product owner.
Read on for more details.
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Foley’s blank check company makes $7.3 billion acquisition
Posted Date: Tuesday, January 26, 2021
A blank check company created by Fidelity Chairman William Foley, II has acquired a cloud-based provider of integrated digital human capital and business solutions and will take the company public.
Foley said the acquired company is market-leading employee benefits platform with an attractive financial profile with highly recurring and diversified revenue streams.
Read on for more details.
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Expetitle, SimpleShowing partner
Posted Date: Tuesday, January 26, 2021
The online real estate startup SimpleShowing has partnered with Expetitle to offer a fully digital-first closing solution, the companies announced.
SimpleShowing combines the home search and home tour processes into one integrated, streamlined experience. Expetitle offers fully remote and hybrid closings through a secure platform and mobile app.
Read on for more details about the partnership.
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AEGIS Land Title Group expands
Posted Date: Tuesday, January 26, 2021
Olympia, Wash.-based AEGIS Land Title Group has opened a new office in Thurston County, the company announced.
The company said the new Olympia office will enable AEGIS to better serve local real estate agents, mortgage lenders, buyers and sellers with the largest branch network in the South and West Puget Sound region.
Read on for more details.
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Markets most threatened by pandemic
Posted Date: Tuesday, January 26, 2021
A report highlighting the county-level housing markets most vulnerable to the coronavirus pandemic said pockets of the northeast and other parts of the East Coast were most at risk during the fourth quarter.
Read on to learn more.
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Mid America Mortgage adds underwriting manager
Posted Date: Tuesday, January 26, 2021
Mid America Mortgage, Inc. recently hired an underwriting manager who has more than three decades of mortgage experience.
Read on to learn more.
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New Jersey agency acquires Pennsylvania title company
Posted Date: Thursday, January 21, 2021
Marlton, N.J.-based National Integrity Title Agency (NITA) has acquired a Philadelphia title company which specializes in transactions that are often complicated by judgments, foreclosures, and other deed-related issues.
NITA co-owner and CEO George Duffield, Sr. said the acquired company has a strong reputation of distinguished service, specifically in handling a unique niche area of the title insurance market.
Financial terms of the deal were not disclosed.
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REX, Qualia partner
Posted Date: Thursday, January 21, 2021
The real estate technology company REX is partnering with Qualia to power its title and escrow operations, both companies announced.
REX said the partnership with Qualia consolidates its closing process and enables growth of its title and escrow capabilities without sacrificing efficiency or security.
Read on to learn what executives from both companies said about the partnership.
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