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States Title raises $150 million
Posted Date: Thursday, February 18, 2021
States Title announced $150 million in debt financing from HSCM Bermuda which the company said will accelerate its roadmap and market expansion to fundamentally transform the home closing experience.
States said it will be used across product development, investment in go-to-market growth, and the refinance of debt to Lennar Corp., which helped fund the 2019 acquisition of North American Title Co. and North American Title Insurance Co.
Read on to learn more.
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CATIC receives Laserfiche award
Posted Date: Saturday, February 20, 2021
CATIC recently received a 2020 Laserfiche Run Smarter Award recognizing its use of Laserfiche to improve productivity, innovate processes and achieve exceptional business results.
Read on to learn more.
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First American forms diversity council
Posted Date: Saturday, February 20, 2021
First American Financial Corp. recently announced the formation of a Diversity, Equity & Inclusion Advisory Council.
Read on for more details.
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LenderClose expands team
Posted Date: Friday, February 19, 2021
LenderClose recently added a product manager and a delivery lead to its team.
Read on to learn more.
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SoftPro, SearchCONNECT integrate
Posted Date: Friday, February 19, 2021
SoftPro has integrated SearchCONNECT into its business exchange platform.
Read on for more details.
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Blockchain platform partnering with real estate consultant
Posted Date: Thursday, February 18, 2021
The Blockchain-secured platform for real estate and title recordkeeping Ubitquity LLC said it has partnered with Socratic Consultancy to gain more insight into and further traction in the U.S. real estate closing industry.
Ubitquity founder and CEO Nathan Wosnack said Socratic Consultancy brings a wealth of knowledge and years of experience in the eRecording and remote online notarization space.
Read on to learn more.
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Surety Title appoints chief operating officer
Posted Date: Thursday, February 18, 2021
Surety Title Co., LLC, has appointed a chief operating officer (COO) who previously held various positions with First American Title Insurance Co., including state agency manager for both New Jersey and Delaware, senior underwriter, and director of education.
President Brian Klaus said the company’s new COO will focus on reconnecting its staff and offices as well as concentrating on its core values of meeting customers’ needs.
Read on to learn more.
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SLK Global adds vice president
Posted Date: Thursday, February 18, 2021
SLK Global Solutions has hired a vice president for its tax outsourcing operations.
Read on for more details.
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Home-purchase sentiment rises
Posted Date: Thursday, February 18, 2021
Fannie Mae’s Home Purchase Sentiment Index increased in January.
Read on for details from the survey.
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Foley raising billions for more acquisitions
Posted Date: Tuesday, February 16, 2021
Fidelity Chairman William Foley, II is seeking billions of dollars for two new blank check companies with the stated purpose of targeting acquisitions in financial technology, information services and business services sectors.
In January, a blank check company created by Foley acquired a cloud-based provider of integrated digital human capital and business solutions and announced plans to take the company public.
Read on for more details.
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First American reports improved fourth-quarter earnings
Posted Date: Tuesday, February 16, 2021
First American Financial (FAF) Corp.’s title segment reported strong fourth-quarter revenue driven by a huge increase in refinance orders, according to the company’s latest earning statement.
CEO Dennis Gilmore said FAF will continue to invest in automation of its title production process and in the refinement of our digital closing platform.
Read on for more information from the company’s latest earnings statement.
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Attorneys’ Title Guaranty Fund sells subsidiary
Posted Date: Tuesday, February 16, 2021
Attorneys’ Title Guaranty Fund (ATG), Inc. has signed a definitive agreement to sell the business of its subsidiary, ATG Trust Co., to Midland Trust Co., a subsidiary of Midland States Bancorp, Inc., of Effingham, Ill.
ATG President and CEO Peter Birnbaum said the company sought a purchaser, trust company or bank, that would offer a collegial culture like ATG’s.
Read on for more details.
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Percentage of equity-rich properties increases
Posted Date: Tuesday, February 16, 2021
The equity-rich properties in the fourth quarter of 2020 represented 30.2 percent, or about one in three, of the 59 million mortgaged homes in the United States.
Read on for more details.
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Bowe Digital adds marketing manager
Posted Date: Tuesday, February 16, 2021
Indiana-based Bowe Digital LLC recently added a marketing manager to its team.
Read on for more details.
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NexTitle’s yearly revenues increase
Posted Date: Thursday, February 11, 2021
The joint venture title and escrow company NexTitle had a significant increase in 2020 revenues, the company reported.
NexTitle said its fourth-quarter and full year 2020 revenues from its joint venture title and escrow operations each increased 59 percent, compared with the prior year quarter and fiscal year.
Read on for more details about NexTitle’s 2020 performance.
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EXIT Realty, NetSheet partner
Posted Date: Thursday, February 11, 2021
EXIT Realty Corp. International has partnered with NetSheet to provide brokerages the ability to generate accurate buyer and seller estimates through an integration with their preferred title companies right on their real estate websites.<
EXIT Realty Corp. CEO Tami Bonnell said the company is thrilled to enhance its portfolio with NetSheet.
Read on for more information.
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WFG appoints regional underwriting counsel
Posted Date: Thursday, February 11, 2021
WFG National Title Insurance Co. has appointed a vice president, regional underwriting counsel for its Central Region.
Read on to learn more.
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Meridian Title expands team
Posted Date: Thursday, February 11, 2021
Indiana-based Meridian Title Corp. recently expanded its team with the addition of two staff members.
Read on for more details.
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CoreLogic acquired by Stone Point Capital, Insight Partners
Posted Date: Thursday, February 11, 2021
CoreLogic has agreed to a definitive merger under which funds managed by Stone Point Capital and Insight Partners will acquire all outstanding shares of CoreLogic for $80 per share in cash.
CoreLogic Chairman Paul Folino said the deal is the culmination of the board’s extensive review of strategic alternatives, which included engaging with numerous potential buyers.
Read on for more details.
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Does CFPB enforcement action violate First Amendment?
Posted Date: Tuesday, February 9, 2021
The owner of a small Chicago mortgage company accused of violating the Equal Credit Opportunity Act and redlining has asked a federal judge to dismiss the Consumer Financial Protection Bureau’s enforcement action on the grounds it violates his First Amendment rights.
Attorneys for the mortgage company’s owner contend the bureau’s action violates the First Amendment because it seeks to regulate the content and viewpoint of protected speech in a way that is unconstitutionally overbroad and vague.
Read on to learn more about this case.
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Small-business owners increased hiring in January
Posted Date: Tuesday, February 9, 2021
More than half (51 percent) of small-business owners reported hiring or trying to hire in January, according to the latest monthly jobs report from the National Federation of Independent Business (NFIB).
However, 26 percent of small-business owners surveyed reported few qualified applicants for their open positions and 20 percent reported none.
Read on for more details from NFIB’s latest jobs report.
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AccuTitle, First American expand integration
Posted Date: Tuesday, February 9, 2021
AccuTitle, owner of the title management platforms TitleFusion, Landtech, and Closers’ Choice, has expanded its integration with First American Title Insurance Co., the company announced.
AccuTitle CEO Bill Bartzak said the company plans to continue to expand its integration with First American Title by offering the latest tools and capabilities to its clients across all its platforms.
Read on for more details.
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TitleWave names sales vice president
Posted Date: Tuesday, February 9, 2021
TitleWave Real Estate Solutions has named a vice president of sales for New Jersey and New England.
Read on for more details.
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Covius, Black Knight integrate
Posted Date: Tuesday, February 9, 2021
Covius’ compliance document library has been integrated into the Black Knight Loss Mitigation platform.
Read on to learn more.
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First American division launches fraud solution
Posted Date: Thursday, February 4, 2021
A division of First American Financial Corp. recently launched a fraud solution that it said enables high-volume lenders and investors to more precisely identify the risk of fraud and early payment default on both new mortgage applications and portfolios.
First American said this targeting enables lenders to focus their reviews on the most at-risk loans, while streamlining loan approvals and reducing operational costs.
Read on for more details.
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