|
MyHome president details AI’s impact on title
Posted Date: Thursday, April 25, 2024
Artificial intelligence’s (AI’s) current and potential impact on the title insurance industry was detailed by Marty Frame, president of Williston Financial Group (WFG) subsidiary MyHome, at the recent WFG Executive Summit.
Frame laid out the potential for AI to assist cybercrimes as well as its ability to improve customer experiences.
Read on to find out more information.
|
|
|
Old Republic posts Q1 revenue increase, title segment decrease
Posted Date: Thursday, May 2, 2024
Old Republic International Corp. reported first quarter companywide increases for both revenue and operating income, with total first quarter revenue exceeding $2 billion, according to its latest earnings report.
The company’s title segment recorded a year-over-year decrease in operating revenue as well as net premiums and fees earned, but company leaders cited deeper metrics indicating reasons for hope.
Read on to find out more information.
|
|
|
ALTA: Title premium volume down 31 percent in 2023
Posted Date: Thursday, May 2, 2024
Title insurance premium volume decreased 31 percent in 2023, according to a new report from the American Land Title Association (ALTA). The CEO of ALTA cited continued supply hurdles and high interest rates as contributing factors.
The industry paid more than $638 million in claims last year. This is up from $596 million in claims paid in 2022, according to ALTA.
Read on to find out more information.
|
|
|
AccuTitle launches title platform
Posted Date: Thursday, May 2, 2024
New Jersey-based AccuTitle is launching its new real estate and title application, Accuair, with touted features including automation tools, major underwriter integrations and more.
Accuair’s soft launch was announced this past fall, with its release adding to AccuTitle’s core product suite of TitleFusion, Closers’ Choice, Landtech, and TrackerPro.
Read on to find out more information.
|
|
|
|
Vanguard Title adds commercial escrow officer
Posted Date: Thursday, May 2, 2024
Vanguard Title Co. has brought on a commercial escrow officer with more than 15 years in the real estate and title industry, supporting growth in commercial title offerings.
Read on to find out more.
|
|
|
|
First American Q1 earnings down slightly year-over-year
Posted Date: Tuesday, April 30, 2024
A first quarter earnings report from First American Financial Corp. shows a slight year-over-year decline in both revenue and direct premiums and escrow fees for its title insurance and services segment.
Total revenues for the title insurance and services segment during the first quarter were $1.3 billion, down 2 percent compared with the same quarter of 2023.
Read on to find out more information.
|
|
|
National Integrity Title Agency expands into Florida
Posted Date: Tuesday, April 30, 2024
National Integrity Title Agency has broadened its service scope by expanding into Florida, setting up shop in the city of Palm Beach Gardens.
Long term, the business said it seeks to hire additional staff to further the company’s presence and brand in the market while building out its systems to open additional locations throughout the state.
Read on to find out more.
|
|
|
Proof launches verification certificates for notaries
Posted Date: Tuesday, April 30, 2024
Proof is launching Proof Certificates, which will be issued to participating notaries when their identity has been verified.
The certificates make verification of the integrity of a digital transaction much stronger than paper documents, according to Proof, as notarizations have been audited to meet WebTrust standards so a business can be sure they are working with a commissioned notary.
Read on to find out more information.
|
|
|
Settlor to launch API integration gateway
Posted Date: Tuesday, April 30, 2024
Settlor, provider of a cloud-based title and escrow accounting production platform, is releasing an API gateway that it said will pave the way for seamless integrations to partners and vendors.
Read on to find out more.
|
|
|
eXp Realty appoints chief marketing officer
Posted Date: Tuesday, April 30, 2024
eXp Realty has tapped a long-time real estate executive, growth strategy leader and brand recognition expert as its new chief marketing officer.
Read on to find out more.
|
|
|
Redfin: Home prices hitting record high
Posted Date: Tuesday, April 30, 2024
The median U.S. home pierce rose 5.2 percent year-over-year in late-April with mortgage rates hitting their highest level since November 2023, according to Redfin.
Read on to learn more.
|
|
|
FundingShield releases first quarter fraud report
Posted Date: Thursday, April 25, 2024
FundingShield released its first quarter 2024 fraud analytics report, showing nearly half of transactions in a $65 billion portfolio exhibiting at least one risk factor.
On average, problematic loans had 2.22 issues per loan, the company said, indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues.
Read on to find out more information.
|
|
|
NS3 Preview: Learn what underwriters are doing for agents
Posted Date: Thursday, April 25, 2024
The 2024 National Settlement Services Summit (NS3) will feature a discussion on ways underwriters are helping agents, led by a quartet of accomplished industry leaders.
Discussion will be led by Old Republic Title’s Jeff Bluhm, FNF’s David Townsend, First American Title’s Don Kennedy, and Williston Financial Group’s Patrick Stone.
Read on to find out more information.
|
|
|
Empower LOS to integrate with Total Expert platform
Posted Date: Thursday, April 25, 2024
An integration between the Empower loan origination system and Total Expert’s customer engagement platform will aim to help lenders generate leads, work more productively and close more loans.
Read on to find out more.
|
|
|
Percy.ai appoints chief strategy officer
Posted Date: Thursday, April 25, 2024
An accomplished real estate technology executive will oversee the Percy Market Intelligence Platform for real estate professionals, mortgage loan officers and consumers.
Read on to learn more.
|
|
|
|
Tower Abstract Services launches in New York
Posted Date: Tuesday, April 23, 2024
Two longtime title leaders have established Tower Abstract Services, a new title business in New York City that will offer closings nationwide.
Tower Abstract co-founder Jason Gordon sat down with The Title Report to detail what led up to the move and what goes in to ensuring a new business hits the ground running.
Read on to find out more information.
|
|
|
CloseSimple launches integrated eSigning solution
Posted Date: Tuesday, April 23, 2024
Title technology provider CloseSimple has launched an integrated eSigning platform specifically designed for the title industry.
eSigning continues to be a growing practice in the real estate transaction, and adoption of eSignatures has leaped globally by nearly tenfold over the past five years, according to CloseSimple.
Read on to find out more details about the new platform.
|
|
|
D.R. Horton reports net income increase
Posted Date: Tuesday, April 23, 2024
Homebuilder and title insurance provider D.R. Horton reported solid results in its earnings report for the second quarter of its fiscal 2024.
Net income attributable to D.R. Horton in the second quarter increased 24 percent to $1.2 billion compared with $942.2 million in the same quarter of fiscal 2023.
Read on to find out more information.
|
|
|
Redfin expands ‘Sign & Save’ program
Posted Date: Tuesday, April 23, 2024
Redfin’s Sign & Save program, launched in September 2023, is expanding into more than a dozen new markets.
Read on to find out more.
|
|
|
Long-time title attorney made partner at California law firm
Posted Date: Tuesday, April 23, 2024
California-based law firm Procopio has elevated five attorneys to partner, including one with a lengthy career representing title insurance and real estate clients.
Read on to find out more information.
|
|
|
ATTOM: Commercial foreclosures increase in March
Posted Date: Tuesday, April 23, 2024
Commercial foreclosures in March increased 6 percent from February and 117 percent year-over-year, according to property data curator ATTOM.
Read on to find out more information.
|
|
|
Old Republic Title, CertifID partner to combat mortgage payoff fraud
Posted Date: Friday, April 19, 2024
CertifID will provide an exclusive package for Old Republic Title offering unlimited payoff verifications for title agents, the companies announced.
Mortgage payoffs have become the largest source of loss for title and real estate law firms due to their large transaction size at roughly $247,000 in median loss.
Read on to find out more information.
|
|
|
Floify integrates with Truv
Posted Date: Friday, April 19, 2024
A direct integration between Floify and Truv will allow lenders to support an enhanced borrower application/verification experience at a lower cost-point per loan, the companies announced.
Read on to find out more.
|
|
|
Fathom Realty appoints regional director
Posted Date: Friday, April 19, 2024
Fathom Realty has promoted to fill the position of regional director for the eastern third of the U.S., tapping a former state broker and district director.
Read on to find out more information.
|
|
|
|
NS3 preview: AI implementation, regulatory hurdles part of ‘AI 360’ session
Posted Date: Wednesday, April 17, 2024
The 2024 National Settlement Services Summit (NS3) will welcome Jonathan Holfinger, CEO, Northwest Title and Northwest Law; Jennifer Mason, CEO, TitleWise Technologies, Inc.; and Tori Shinohara, partner, Mayer Brown, for a session titled “AI 360.”
Attendees will learn how artificial intelligence is being applied today, regulations around its use and how to overcome roadblocks.
Read on to learn more.
|
|
|
NFIB: Small-business optimism reaches lowest level since 2012
Posted Date: Wednesday, April 17, 2024
The latest data from the National Federation of Independent Business shows small-business optimism at its lowest level in more than 10 years.
March was the 27th consecutive month the group’s Small Business Optimism Index was below the 50-year average of 98. The net share of owners raising average selling prices rose 7 points from February to a net 28 percent seasonally adjusted.
Read on to find out more information.
|
|
|
Sendera Title of Texas launches new website
Posted Date: Wednesday, April 17, 2024
Sendera Title of Texas has unveiled a new website, which it says improves navigation as well as access to resources and service offerings.
Read on to find out more information.
|
|
|
PropertyTek appoints COO
Posted Date: Wednesday, April 17, 2024
Property management firm PropertyTek has tapped a long-time title insurance tech leader as its new chief operating officer.
Read on to find out more information.
|
|
|
Zillow: Home values rise fastest in costliest metros
Posted Date: Wednesday, April 17, 2024
Competition is stiff for attractive home listings, as houses sold in just 13 days in March, on average. Seasonal home value growth is fastest in the most expensive major metros, according to Zillow.
Read on to find out more information.
|
|