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Realogy names new chief operating officer
Posted Date: Tuesday, March 1, 2022
Realogy Holdings Corp. appointed a new chief operating officer (COO). She will drive product, technology, enterprise marketing and customer experience.
Over her nearly 30-year career, she has held senior product, technology, data, and strategy roles at multiple large-scale organizations, most recently as senior vice president at Visa Inc.
Read on for more about the new COO.
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Truist Insurance Holdings launches insurance services division
Posted Date: Thursday, March 10, 2022
Truist Insurance Holdings, a subsidiary of Truist Financial Corp., created a new insurance services division as it closed on the acquisition of title agency Kensington Vanguard National Land Services.
The new division will include the combined Kensington Vanguard organization and Truist’s premium finance business and will be led by the current Kensington Vanguard co-CEOs.
Read on for more about the new division.
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Millennial Title opens another Florida office
Posted Date: Thursday, March 10, 2022
Millennial Title opened an office in Palm Harbor, Fla. The office, along with existing locations in Tampa and St. Petersburg, will allow the company to directly provide title and escrow services to northern Pinellas County, according to Millennial Title.
The office head, in a new role with the company, will manage client relationships and be responsible for business development.
Read on for more.
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Pannone Lopes Devereaux & O’Gara name new partners
Posted Date: Thursday, March 10, 2022
Rhode Island-based law firm Pannone Lopes Devereaux & O’Gara named a member of the firm’s estate and trust planning, administration and litigation team as a partner. She has experience providing title insurance for both commercial and residential properties.
Read on for more.
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Mid-States Title Insurance opens new agency
Posted Date: Tuesday, March 8, 2022
Mid-States Title Insurance Agency opened a full-service title and escrow agency in Clarksville, Md.
The office is led by a branch manager and vice president of title operations, with 10 years of real estate and legal experience, and a vice president of business development, who has 15 years of industry experience.
Read on for more about the new agency.
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InspectHOA announces $3.1 million seed round
Posted Date: Tuesday, March 8, 2022
InspectHOA announced a $3.1 million seed funding round. The new capital will help fund new product development and hiring efforts to increase the company’s market adoption and revenue.
The company has the largest homeowners association (HOA) database in the market and a tech-enabled, automated process that allows title companies, lenders and investors to access new HOA information.
Read on for more.
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Landtrust Title Services implements ClosingLock
Posted Date: Tuesday, March 8, 2022
Chicago-based Landtrust Title Services implemented web-based cybersecurity service ClosingLock as an added measure to prevent real estate wire fraud.
ClosingLock allows buyers, sellers and real estate professionals to safely access wire transfer information across a secure online portal with dual factor authentication, which reduces the threat of cybertheft and of transaction details being intercepted.
Read on for more.
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First Integrity Title partner to lead strategic growth
Posted Date: Tuesday, March 8, 2022
Denver-based Integrity Title Co.’s newest partner has more than 30 years of experience in the title industry. He will lead strategic growth efforts both locally and nationally.
Read on for more.
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Orange Coast Title names national commercial sales manager
Posted Date: Tuesday, March 8, 2022
Orange Coast Title Co. named a 20-year industry veteran as national commercial sales manager. He will focus on recruiting salespeople and expanding the national commercial platform.
Read on for more.
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ATG to merge with Guaranteed Rate
Posted Date: Friday, March 4, 2022
Title underwriter Attorneys’ Title Guaranty Fund (ATG), Inc., entered into an agreement to merge with Chicago-based mortgage lender Guaranteed Rate. The transaction is pending required approvals and is expected to close in March.
ATG’s president and CEO said he will stay on, as will the rest of the company’s senior team.
Read on for more about the pending merger.
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Doma’s fourth quarter RPF up 24 percent
Posted Date: Friday, March 4, 2022
Doma Holdings Inc. closed the fourth quarter with total revenues of $138 million, up 17 percent year-over-year. Doma recorded retained premiums and fees (RPF) of $66 million in the fourth quarter, up 24 percent year-over-year.
Doma’s gross profit was $22 million, down 10 percent year-over-year, and adjusted gross profit was $25 million, down 9 percent, according to the company’s fourth-quarter earnings report.
Read on for more from the earnings report.
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New River Title opens in Florida
Posted Date: Friday, March 4, 2022
New River Title recently opened in Fort Lauderdale, Fla. The title company is a joint venture between Knight Barry Title Group and real estate brokerage By The Sea Realty.
New River Title will allow Knight Barry to penetrate deeper into the Fort Lauderdale market and allow By The Sea Realty to offer end-to-end services.
Read on for more about the new title company.
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Alliant National boosts Southwest leadership
Posted Date: Friday, March 4, 2022
Alliant National Title Insurance Co. named an assistant vice president and Southwest agency representative. Her primary responsibility will be to support, maintain and grow the company’s presence in Oklahoma.
Read on for more.
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Bank Shot adds five banks to its mobile app
Posted Date: Friday, March 4, 2022
Bank Shot added five banks to its arsenal, meaning the mobile solution is available at 64 banks for title companies, closing attorneys and other real estate professionals who receive earnest money, commission, and other payments.
Read on for more.
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Vylla Title creates strategic partnership with eXp Commercial
Posted Date: Tuesday, March 1, 2022
California-based Vylla Title, the Carrington Companies’ title services provider, entered a strategic partnership with brokerage eXp Commercial to provide national commercial title and settlement services.
eXp Commercial sought out Vylla Title because of its use of advanced technology including robotic process automation and machine learning and its centralized operations model, according to Vylla Title.
Read on for more about the partnership.
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Offerpad expands into California
Posted Date: Tuesday, March 1, 2022
Residential real estate platform Offerpad expanded into California. Its online solutions and services are now available in Riverside and San Bernardino. Offerpad offers buyers and sellers cash offers, listing solutions, and access to home mortgage and title services.
The company’s real estate solutions are now available in more than 1,600 cities and towns across the country.
Read on for more about the expansion.
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Rynoh and paymints.io unveil integration
Posted Date: Tuesday, March 1, 2022
Financial security software provider Rynoh and digital funds platform paymints.io rolled out an integration that allows title agencies to accept funds and reconcile bank transactions.
Read on for more.
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Proliant Settlement Systems boosts team
Posted Date: Tuesday, March 1, 2022
Proliant Settlement Systems added three industry veterans to its team. The new team members include a franchise coordinator, training and development manager, and a post-closing manager.
Read on for more.
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First American expects housing supply and demand to rebalance
Posted Date: Tuesday, March 1, 2022
Housing market potential will depend on the degree to which potential first-time homebuyers respond to changes in their house-buying power and homeowners’ decisions to list their homes for sale, according to First American Financial Corp. Chief Economist Mark Fleming.
Read on for more.
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Summit Title, Stavvy complete first RON in New Hampshire
Posted Date: Thursday, February 24, 2022
Summit Title, a title company that serves New Hampshire, southern Maine, and Massachusetts, and fintech Stavvy announced they completed the first remote online notarization (RON) eClosing in New Hampshire.
The state passed RON into law last year, allowing Summit to utilize New Hampshire-based notaries and enabling Savvy to provide the technology for paperless real estate transactions.
Read on for more.
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Investors Title has record setting quarter, year
Posted Date: Thursday, February 24, 2022
Investors Title Co. set all-time quarterly and annual records for total revenues and net premiums written, as well as an all-time annual record for net income.
Net income increased 13.7 percent in the fourth quarter, to $18.9 million. For 2021, net income increased 70 percent to $67 million.
Read on for more from the fourth-quarter and year-end earnings reports.
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Ubitquity nears completion of seed round
Posted Date: Thursday, February 24, 2022
Blockchain-secured real estate platform Ubitquity announced it has nearly completed its “pre-money” seed round by raising $790,000 of its $1 million goal. The remaining capital will be sought through an equity crowdfunding platform in the second quarter.
The funding will accelerate the company’s MyNFTs, SmartEscrow, and UbitquityPay’s delivery of cryptocurrency payments.
Read on for more.
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SitusAMC names two sales leaders
Posted Date: Thursday, February 24, 2022
SitusAMC named a senior vice president, sales, and an associate vice president, sales. Both are part of the company’s Title Production Services (formerly String Real Estate Information Systems.)
Read on for more.
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Investors bought record share of homes in fourth quarter
Posted Date: Thursday, February 24, 2022
Real estate investors bought a record 18.4 percent of the homes purchased in the fourth quarter, worth a total of nearly $50 billion, according to Redfin. That’s up from 12.6 percent a year ago and 17.4 percent in the third quarter.
Read on for more.
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Record 146 cities pass $1 million home value mark
Posted Date: Thursday, February 24, 2022
A record 146 cities in 2021 became new million-dollar cities, where the typical home value is at least $1 million, according to Zillow. The record underscores the record-setting year in home appreciation when the typical home value increased 19.6 percent.
Read on for more.
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Stewart title revenue increases 26 percent
Posted Date: Tuesday, February 22, 2022
Stewart Information Services Corp. reported net income of $85.5 million ($3.12 per diluted share) in the fourth quarter, compared with $59.7 million ($2.22 per diluted share) a year ago, a 43 percent year-over-year increase.
In the title segment, total fourth-quarter revenues increased $178 million, or 26 percent year-over-year, according to the fourth quarter earnings report.
Read on for more from the report.
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Knight Barry expands reach in Minnesota
Posted Date: Tuesday, February 22, 2022
Knight Barry Title Group is opening a new location in Becker, Minn.
The office will help Knight Barry better serve the St. Cloud and North Metro areas and provide needed title services to some rural markets. Currently, those customers must travel to close transactions, according to the Minnesota state manager.
Read on for more about the new location.
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titleLOOK adds marketing automation to platform
Posted Date: Tuesday, February 22, 2022
titleLOOK by Mainspring Services integrated new features into the platform’s marketing automation offerings. The additions include branded emails, advertising, and in-platform video.
The new features also add customization options into the LOOK view and enhance the way users share, follow, and interact with digital title reports.
Read on for more about the new marketing features.
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Payload Keybox platform integrates with SkySlope
Posted Date: Tuesday, February 22, 2022
Fintech company Payload’s real estate platform Keybox integrated with SkySlope, a real estate transaction management platform. SkySlope users can now automate earnest money deposits.
Read on for more.
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Title Resources Guaranty names underwriting counsel
Posted Date: Tuesday, February 22, 2022
Title Resources Guaranty Co.’s new underwriting counsel has eight years of experience in the Texas title industry. She is the sixth attorney on the company’s Texas team.
Read on for more.
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Home prices soar in popular migration locations
Posted Date: Tuesday, February 22, 2022
Home-price growth was well above the national growth rate for all 10 of the most popular migration destinations in December, according to a Redfin report. Out-of-towners with big budgets are helping fuel the rapid price growth.
Read on for more.
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Doma names regional managing director of California
Posted Date: Thursday, February 17, 2022
Doma Holdings named a 16-year industry veteran as regional managing director. He is responsible for managing all associates and branch operations in California.
Read on for more.
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January foreclosures highest since start of pandemic
Posted Date: Thursday, February 17, 2022
There was a total of 23,204 properties with foreclosure filings in January, according to ATTOM. That’s up 29 percent from December and 139 percent from a year ago.
Read on for more from the ATTOM report.
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