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Temporary deal ends government shutdown
Posted Date: Friday, January 25, 2019
President Donald Trump and Republicans on Friday reached a temporary deal with Democrats to end the longest government shutdown in the country’s history.
The continuing resolution will run through Feb. 15, with a bipartisan committee meeting over the next three weeks with Homeland Security and law enforcement experts to come to a deal on funding for border security.
Read on to learn what the president is requesting to avoid another shutdown in February.
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Preventing fraud: 5 steps title companies should take
Posted Date: Wednesday, January 23, 2019
Cyber fraud is a huge problem throughout real estate industry. One breach not only can expose customers but it also can irrevocably damage a title company’s reputation.
So what should you be doing to prevent fraud? The Title Report spoke with several industry experts who offered specific steps your company should be taking.
Read on to learn the steps you should take today to protect your partners, your clients, and your company.
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Orange Coast names COO
Posted Date: Monday, January 21, 2019
A title company that operates in 48 states through numerous subsidiaries has appointed a new chief operating officer (COO).
The new COO founded the company’s Lender Services Group and has led that division to become a national, 50-state solution for institutional lenders. He was already president and/or COO of several companies within the company’s family of businesses.
Read on for more details.
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Kraninger: CFPB to assess TRID rule
Posted Date: Monday, January 21, 2019
Consumer Financial Protection Bureau Director Kathy Kraninger has assured a Republican senator that the bureau will examine concerns regarding Dodd Frank’s TILA-RESPA Integrated Disclosure rule (TRID).
The American Land Title Association and others have urged the bureau to address what they call the inaccurate disclosure of title insurance fees under TRID.
Read on to learn more of what Kraninger had to say about TRID.
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Radian Group acquires Five Bridges Advisors
Posted Date: Monday, January 21, 2019
Radian Group Inc. has acquired a developer of proprietary software, data analytics and predictive models which leverage artificial intelligence, machine learning and traditional econometric techniques.
During 2019, the newly acquired company will transition to the new One Radian brand as part of the company’s title, mortgage and real estate services.
Read on to learn who will oversee the day-to-day operations of the acquired company.
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Westcor agent completes RON purchase
Posted Date: Friday, January 18, 2019
Westcor Land Title Insurance Co.’s agent Momentum Title in Houston recently completed its first purchase transaction utilizing remote online notarization.
The seller was in France and not returning to the U.S. anytime soon, and subsequently learned there was a two-month waiting period to have the documents notarized through the U.S. consulate.
Read on to learn how Westcor, Momentum and Notarize solved the seller’s problem.
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Boston National expands DC presence
Posted Date: Friday, January 18, 2019
One of the nation’s largest independent title agencies has opened a new office to serve clients in the Washington, D.C.-area.
The new office will serve as a base of operations for a title professional recently brought on board by Boston National to lead the company’s DC Metro team and growth initiative.
Read on to learn where the new office is located and who will oversee its operations.
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SafeChain digitally converts county’s transfer process
Posted Date: Friday, January 18, 2019
SafeChain has completed the digital conversion of Perry County, Ohio’s deed transfer and conveyance process between the engineer and auditor.
Each deed will receive a digital stamp backed by Blockchain for added transparency and security, eliminating the need for physical authorization. The deeds then will be electronically transferred to the county auditor’s office for conveyance.
Read on for more details.
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2019’s hottest affordable neighborhoods
Posted Date: Friday, January 18, 2019
The hottest affordable neighborhoods are predominately in Philadelphia and Baltimore, according to a new report from Redfin.
Read on for more details.
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Black Knight enhances digital closing solution
Posted Date: Friday, January 18, 2019
Black Knight, Inc. has enhanced its digital closing solution Expedite Close with advanced intelligence and data recognition capabilities.
Read on for more details.
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CertifID surpasses $1.2 billion mark
Posted Date: Friday, January 18, 2019
CertifID protected more than $1.2 billion from wire fraud from late 2017 to December 2018.
Read on for more details.
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Movement Mortgage acquires Eagle Home
Posted Date: Wednesday, January 16, 2019
Movement Mortgage has expanded its reach in the Pacific Northwest and Mountain West markets with its acquisition of Eagle Home Mortgage. Terms of the deal were not disclosed.
Movement said the acquisition is expected to add $1.5 billion in additional annual mortgage loan volume to its origination platform.
Read on to learn when the acquisition is scheduled to close.
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Two Ohio title agencies merge
Posted Date: Wednesday, January 16, 2019
Ohio title agencies TransCounty Title Agency and All Ohio Title Agency have merged. Both companies are either owned or partially owned by Heartland BancCorp.
All Ohio Title will adopt TransCounty’s name and will continue to operate out of its current office in Pataskala, Ohio.
Read on to learn what the chairman and CEO of Heartland had to say about the merger.
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LOGS Network hires chief revenue officer
Posted Date: Wednesday, January 16, 2019
National title and closing services provider LOGS Network has appointed a chief revenue officer who will be responsible for managing the company’s national sales, marketing and business development efforts.
LOGS Chairman Gerry Shapiro said it’s important that the company focus on its next generation of our leadership.
Read on to learn who LOGS appointed to serve as chief revenue officer.
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Motto Mortgage expands in Buckeye State
Posted Date: Wednesday, January 16, 2019
The mortgage brokerage franchise Motto Mortgage has expanded in Ohio with the opening of Motto Mortgage NEO.
Read on for more details.
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Property Debt Research hires HR director
Posted Date: Wednesday, January 16, 2019
Fort Myers, Fla.-based Property Debt Research has hired a new director of human resources and an Ohio contractor.
Read on for more details.
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ClosingCorp launches SmartEngine for Lenders
Posted Date: Wednesday, January 16, 2019
ClosingCorp has launched a software-as-a-service enterprise solution designed for larger, multi-channel lenders.
Read on for more details.
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Motto Mortgage expands in Buckeye State
Posted Date: Wednesday, January 16, 2019
The mortgage brokerage franchise Motto Mortgage has expanded in Ohio with the opening of Motto Mortgage NEO.
Read on for more details.
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Equity National, DCU complete RON eClosing
Posted Date: Tuesday, January 15, 2019
Equity National Title and Digital Federal Credit Union (DCU) recently completed their first remote notary-enabled eClosing, the companies announced.
DCU and Equity National Title previously collaborated on an eClosing in Florida. However, this latest eClosing in Virginia was their first instance in which a remote notary was used to complete the closing.
Read on for more details.
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Florida Title and Guarantee part of larger acquisition
Posted Date: Tuesday, January 15, 2019
HomeServices of America, Inc. has acquired Berkshire Hathaway HomeServices Florida Realty and its affiliated title company, Florida Title and Guarantee Agency.
Florida Title has corporate offices in Sunrise and Fort Myers, and HomeServices Florida Realty serves 21 counties throughout the state.
Read on to learn who will oversee the day-to-day operations of HomeServices Florida Realty.
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WACO Title expands footprint
Posted Date: Tuesday, January 15, 2019
With the recent opening of its second location in Bentonville, Ark., WACO Title now has 24 locations throughout Arkansas and Missouri.
WACO President and CEO Patrick Curry said the new office will provide a more convenient location for many of its customers in Bentonville and the surrounding area, including Centerton.
Read on to learn who will lead the new office.
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Guaranteed Rate hires senior vice president
Posted Date: Tuesday, January 15, 2019
Guaranteed Rate has hired an industry veteran to serve as senior vice president of strategic growth for Guaranteed Rate Affinity.
Read on for more details.
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Foundation Title acquires Pennsylvania firm
Posted Date: Friday, January 11, 2019
A full-service title insurance and settlement services agency that primarily services New Jersey, Pennsylvania and New York has acquired a title agency in Pennsylvania.
Foundation Title’s Director of Sales Chris Gimello said the company is enthusiastic about what the merger will bring for the future of the company’s business in Pennsylvania.
Read on for more information about the acquired company.
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Stewart names SVP, lender services
Posted Date: Friday, January 11, 2019
Stewart Title has named a senior vice president, lender services who has more than 20 years of combined financial and real estate service industry experience.
The executive selected previously served in Stewart’s Centralized Title Services division, which provides centralized origination, default, search, and ancillary title and settlement solutions to mortgage lenders, servicers, GSEs, credit unions and investors.
Read on to learn who Stewart promoted.
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Ohio’s largest title agent selects SafeChain
Posted Date: Friday, January 11, 2019
The largest title agent in Ohio has selected SafeChain’s technology solution to secure its real estate wire transactions, both companies announced.
The title company’s president said SafeChain’s platform will give its real estate partners confidence in knowing the title agency cares about their clients’ funds from the minute they begin the homebuying process.
Read on for more details about the services SafeChain will provide for the agency.
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Renting more affordable than buying in most counties
Posted Date: Friday, January 11, 2019
Renting a three-bedroom property is more affordable than buying a median-priced home in 59 percent of U.S. counties.
Read on for more details from ATTOM Data Solutions’ 2019 Rental Affordability Report.
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Real adds regional growth leaders
Posted Date: Friday, January 11, 2019
The technology-connection real estate brokerage Real has hired two regional growth leaders to accelerate the company’s agent growth.
Read on for more details.
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Americans’ housing confidence declines
Posted Date: Friday, January 11, 2019
The percentage of Americans who said December was a good time to buy a home declined 12 percentage points.
Read on for more details from the latest Fannie Mae Home Purchase Sentiment Index.
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ATTOM Data Solutions sold
Posted Date: Wednesday, January 9, 2019
ATTOM Data Solutions has been acquired by a private equity firm specializing in financial and related business services companies, the companies announced.
ATTOM’s data platform provides property tax, deed, mortgage, foreclosure, environmental risk, natural hazard and neighborhood data for more than 155 million U.S. residential and commercial properties.
Read on for more details about the acquisition.
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First American names leader of direct title operations
Posted Date: Wednesday, January 9, 2019
First American Title Insurance Co. has selected a company veteran who is a former president of the Arizona State Escrow Association to lead its direct operations.
The company’s new leader of its Title Direct Division is a well-known advocate in the industry, and serves on the board of the California Land Title Association.
Read on to learn who First American promoted.
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Report: Government shutdown disruptive for housing market
Posted Date: Wednesday, January 9, 2019
A new report from Zillow said the shutdown of the federal government will have a wide-ranging effect on the housing market, as unpaid workers struggle to pay mortgages and rent.
According to the report, the unpaid federal workers make about $249 million in monthly mortgage payments, and about $189 million in monthly rent payments.
Read on for more detail from Zillow’s research.
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Younger consumers favor stocks over real estate
Posted Date: Wednesday, January 9, 2019
Less than half of homebuyers and sellers between the ages of 35 and 44 believe real estate is a better long-term investment than the stock market.
Read on for more details from Redfin’s latest survey.
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Dip in interest rates increases refinanceable population
Posted Date: Wednesday, January 9, 2019
The dip in mortgage interest rates during December increased the number of homeowners who could likely qualify for refinances and see at least a 0.75 percent interest rate reduction by approximately 550,000.
Read on for more from Black Knight, Inc.’s latest Mortgage Monitor Report.
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