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How a title company, CertifID derailed a $80,000 cybertheft
Posted Date: Wednesday, March 3, 2021
Unfortunately, the story of a prospective homebuyer being duped out of money through a business email compromise scheme (BEC) isn’t a new one. The FBI says cybercriminals have stolen more than $3.5 billion from consumers in recent years.
Recently, CertifID and a Title Forward executive sprung into action to recover the lifesavings of swindled homebuyer.
Read on to learn more.
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Pennsylvania Land Title Association celebrates 100 years
Posted Date: Friday, March 26, 2021
The Pennsylvania Land Title Association (PLTA) celebrates its 100th year in business in 2021. On Nov. 15, 1921, a group of Pennsylvania title professionals gathered to form the advocacy group.
Read on for more about the PLTA milestone.
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TitleOne acquires Idaho title agency
Posted Date: Thursday, March 4, 2021
TitleOne has expanded its reach by acquiring Land Title of Nez Perce County. Financial terms of the acquisition were not disclosed.
TitleOne President Jason Vickrey said the acquired company is know for fostering a collaborative environment and delivering exceptional service and community support, which he said mirrors TitleOne’s culture.
Read on to learn more details about TitleOne’s latest acquisition.
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CATIC names vice president, state manager
Posted Date: Thursday, March 4, 2021
New CATIC Title Insurance Co. vice president, state manager had same role at First American Title Insurance Co.
Read on to learn more.
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Mortgage Connect LP names executive VP
Posted Date: Thursday, March 4, 2021
A former senior vice president at Linear Title LLC has been named Mortgage Connect LP’s executive vice president, servicing and capital markets strategy.
Read on for more details.
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Stewart acquires Signature Closers
Posted Date: Tuesday, March 2, 2021
Stewart Information Services Corp. has acquired Signature Closers, LLC, the company announced. Financial terms of the deal were not disclosed.
Stewart said the move strengthens its digital strategy focused on ease-of-use for customers by creating a centralized experience that includes recently acquired NotaryCam and its partnership with CertifID.
Read on to learn more about the acquisition.
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Compass acquires D.C. title agency
Posted Date: Tuesday, March 2, 2021
The real estate technology company Compass has signed a definitive agreement to acquire a leading title insurance and settlement services company serving the Washington, D.C., metropolitan area, the company announced.
In 2020, Compass acquired title and escrow-software startup Modus. The company now serves California, Florida, Washington State, Maryland, Virginia, and Washington D.C.
Read on for more details about this latest acquisition.
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Fidelity’s quarterly revenue up nearly a third
Posted Date: Tuesday, March 2, 2021
Fidelity National Financial, Inc.’s fourth-quarter title revenue increased by more than 30 percent, according to the company’s latest earnings statement.
CEO Randy Quirk said the company is very pleased with its strong financial results and made significant headway in technology investments in its title business.
Read on for more details from Fidelity’s latest earnings statement.
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Median prices up in most Opportunity Zones
Posted Date: Tuesday, March 2, 2021
Median home prices increased during the fourth quarter in 77 percent of Opportunity Zones established by Congress.
Read on for more details.
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Mortgage Network adds loan officer
Posted Date: Tuesday, March 2, 2021
Mortgage Network, Inc. has hired a loan officer for its Portland, Maine, branch.
Read on to learn more.
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Investors Title’s quarterly, yearly profits increase
Posted Date: Wednesday, February 24, 2021
Investors Title Co. reported significant increases in both its fourth-quarter and 2020 profits, according to the company’s latest earnings statement.
Chairman J. Allen Fine said the decline in interest rates during the year supported housing affordability and drove a sharp increase in the level of refinance activity for the second year in a row.
Read on for more details from Investors Title’s latest earnings statement.
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Flueid announces Series A funding round
Posted Date: Wednesday, February 24, 2021
An insurtech company that provides real estate closing automation solutions for the title insurance, real estate and mortgage lending industries announced a Series A funding round led by Aquiline Technology Growth with additional participation from Commerce Ventures.
Flueid said the capital will enable it to build on its strong momentum, which includes exponential growth in product adoption over the past year and a more than tenfold increase in revenue since its last capital raise.
Read on for more details.
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NFIB supports Labor Department’s joint-employer standards
Posted Date: Wednesday, February 24, 2021
The National Federation of Independent Business (NFIB) recently filed a brief defending the Department of Labor’s final rule from January on joint-employer standards under the Fair Labor Standards Act.
NFIB said the final rule issued in January provided small-business owners clarity by setting forth a standard that helped alleviate uncertainty and decreased compliance costs.
Read on to learn more.
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FNF names regional manager
Posted Date: Wednesday, February 24, 2021
The FNF Family of Companies recently appointed a senior vice president and regional manager for its southeast region.
Read on for more details.
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Median home-sale price increases
Posted Date: Wednesday, February 24, 2021
The national median home-sale price in January rose 14 percent year-over-year.
Read on to learn more.
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Alliant National launches educational resource
Posted Date: Wednesday, February 24, 2021
Alliant National Title Insurance Co. recently launched an online portal that pairs the company’s content and instructors with education technology to provide an all-new learning experience.
Read on for more information.
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Landtrust Title expands into Wisconsin
Posted Date: Tuesday, February 23, 2021
Chicago-based Landtrust Title Services recently expanded into Wisconsin with the addition of eight new offices, the company announced.
President Warren Habib said Landtrust is excited to work with Wisconsin Realtors, brokerage firms, attorneys, and financial institutions to make the closing process a safe and seamless experience through digital and in-person services.
Read on to learn more.
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AM Best upgrades title industry’s outlook
Posted Date: Tuesday, February 23, 2021
AM Best recently upgraded its market outlook on the title industry to stable from negative due to the segment’s exceptional performance in 2020 despite the coronavirus pandemic.
AM Best said the title insurance industry proved to be far more resilient than anticipated in the wake of the sudden economic slowdown and lockdowns brought about by the pandemic.
Read on for more details.
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Fathom Realty, zavvie offering iBuyer options
Posted Date: Tuesday, February 23, 2021
The real estate brokerage platform zavvie has partnered with Fathom Holdings, Inc. to provide a service that lets homeowners receive and compare multiple offers for their homes.
The companies have launched Fathom Offers, which will provide agents with additional home selling alternatives, including attracting iBuyers and providing buy-before-you-sell solutions.
Read on for more details about the new service.
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TitleWave expands team
Posted Date: Tuesday, February 23, 2021
TitleWave Real Estate Solutions recently added a customer service manager and named a state manager.
Read on for more details.
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Home values increased in January
Posted Date: Tuesday, February 23, 2021
The Zillow Home Value Index increased 1.1 percent month-over-month in January, matching December’s record for monthly growth in data reaching back to 1996.
Read on to learn more.
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Foreclosure rate continues to decline
Posted Date: Tuesday, February 23, 2021
The number of properties with default notices, scheduled auctions or bank repossessions declined 11 percent in January on a month-to-month basis.
Read on to learn more.
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Stewart fourth-quarter profits increase
Posted Date: Friday, February 19, 2021
Stewart’s CEO Fred Eppinger said the company’s fourth-quarter performance was “driven by revenue growth across all lines of business and by actively managing our cost structure.”
Eppinger said the company was able to take advantage of elevated transaction activity during the quarter, and made acquisitions that strengthened its real estate technology, valuations, and core title offerings.
Read on for more details from the company’s latest earnings statement.
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Title Alliance produces record profits
Posted Date: Friday, February 19, 2021
Title Alliance, Ltd. ended 2020 with its highest joint venture profits ever, the company announced.
CEO Jim Campbell said he expects the company’s momentum to continue into 2021 as it focuses on maintaining and growing its existing operations while looking to further expand its reach.
Read on for more details about Title Alliance’s 2020 performance.
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CoreLogic launches digital title-and-closing solution
Posted Date: Friday, February 19, 2021
CoreLogic has launched a new digital title-and-closing solution it said will aid in simplifying, streamlining, and orchestrating the collateral underwriting process.
With the new title-and-closing solution, CoreLogic said it can help lenders accelerate their existing title processes by automating dozens of manual steps, thereby delivering a faster, less costly, and more reliable origination workflow.
Read on to learn more.
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