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February 1, 2021
The Title Report Print Edition
February 1, 2021


Biden makes his choice for CFPB director
Posted Date: Monday, January 18, 2021
President-elect Joe Biden has reached back into the Consumer Financial Protection Bureau’s past to find someone to lead the agency into the future.

Biden has nominated an FTC commissioner who is closely aligned with Senator Elizabeth Warren and who served as the bureau’s first student loan ombudsman.

Read on to learn more about the nominee.


Notarize names chief commercial officer
Posted Date: Thursday, January 21, 2021

Notarize has hired a board member to serve as its first president and chief commercial officer, the company announced.

 

Notarize founder and CEO Pat Kinsel said the company looked to reinforce its culture, build its executive team, its next phase of growth and expansion saying, “it was very clear that the person we needed was already seated at our table.”

 

Read on for more details.


SimpleNexus adds marketing VP
Posted Date: Thursday, January 21, 2021
SimpleNexus has hired a former vice president of marketing at Simplifile.

Read on to learn more.

Black Knight enhances Loansifter
Posted Date: Thursday, January 21, 2021

Black Knight Inc. recently deployed an enhanced version of its Loansifter Product, Pricing and Eligibility engine.

Read on to learn more.


Avanze Group adds vice president
Posted Date: Thursday, January 21, 2021
Avanze Group recently hired a vice president of national sales and client success.

Read on to learn more.

First American accelerating property, casualty business exit
Posted Date: Wednesday, January 20, 2021
Last October, First American Financial Corp. announced plans to exit its property and casualty business to focus on its core business.

First American’s property and casualty insurance subsidiaries are seeking to expedite that exit through book transfer agreements with Safeco Insurance, a Liberty Mutual Co., and Heritage Insurance Holdings, Inc.

Read on to learn what CEO Dennis Gilmore said about the book transfer agreements.


Foundation Title names Tennessee president
Posted Date: Wednesday, January 20, 2021

Foundation Title and Escrow Series LLC recently hired the former president of the Tennessee Land Title Association to oversee its operations in Tennessee.

 

Foundation Title CEO Chris Cantrell said the expertise and experience the newly hired executive brings to her work “is nothing short of inspiring, and our customers will benefit from her leadership and innovative vision.” 

 

Read on for more details.


Pacific Coast Title chooses SafeWire
Posted Date: Wednesday, January 20, 2021
Pacific Coast Title has selected SafeWire’s wire fraud prevention software to protect consumers from wire fraud risk, both companies announced.

SafeWire and Pacific Coast Title said their partnership will bring security and protection to everyone involved in the real estate transaction.

Read on to learn what executives from both companies had to say about the partnership.


Experts: Austin, Texas will be this year’s hottest market
Posted Date: Wednesday, January 20, 2021
For the second consecutive year, Austin, Texas is expected to be the nation’s hottest housing market.

Read on to learn more.

Virginia title company releases educational resource
Posted Date: Wednesday, January 20, 2021
Fairfax, Va.-based Mathis Title Co. recently released a new educational resource that discusses the different forms of title insurance.

Read on to learn more.

Median home-sale price climbs upward
Posted Date: Wednesday, January 20, 2021

The median home sale price increased 14 percent year-over-year.

Read on for more details.


Passport Title enters the Tar Heel State
Posted Date: Tuesday, January 19, 2021
Maryland-based Passport Title Services, LLC now is providing its title agency partnering solutions to agents and agency owners in North Carolina, the company announced.

Passport President and CEO John Cotter said the company expanded into North Carolina to meet demand from its growing community of title agent partners who want to serve their lender, real estate agent and consumer clients in the state.

Read on to learn more.


Tennessee title agency names two directors
Posted Date: Tuesday, January 19, 2021
A Tennessee title agency which provides residential and commercial real estate closing and title services has named two directors, the company announced.

CEO Chris Cantrell said the recent additions represent another step forward in growing the company’s operations to serve its expanding title company in a way that nurtures its team of professionals and boosts the customer experience.

Read on for more details.


Cloudstar names director of title service
Posted Date: Tuesday, January 19, 2021
Jacksonville, Fla.-based Cloudstar has named a director of title services.

Read on to learn more.

Best housing markets for sellers
Posted Date: Tuesday, January 19, 2021
The three best housing markets for property owners seeking appreciation are Milwaukee, Memphis, Tenn., and Detroit, according to a study done by a tech-enabled property management and real estate investment company. Read on to learn more.

Sierra Pacific names sales director
Posted Date: Tuesday, January 19, 2021
Sierra Pacific Mortgage recently named a vice president and divisional sales director for its Wholesale Lending Channel.

Read on for more details.

Spruce launches title and closing solution
Posted Date: Thursday, January 14, 2021
The proptech company Spruce has launched a white-label title and closing services solution it said enables proptech companies to form their own title agencies and control the entire transaction experience end-to-end.

Spruce co-founder and CEO Patrick Burns said the company’s white-label solution enables equal access to scalable title expertise for the many real estate technology companies looking to insource customer coordination.

Read on to learn more.


FAN launches EMD program
Posted Date: Thursday, January 14, 2021

Florida Agency Network (FAN) recently released a new electronic earnest money deposit (EMD) program.

FAN said the program is part of its continued effort to keep everyone safe and secure, streamline the closing process, and move that much closer to a true paperless closing.

Read on to learn what CEO Aaron Davis had to say about the new EMD program.


Proliant Settlement Systems adds Michigan franchisee
Posted Date: Thursday, January 14, 2021

Proliant Settlement Systems, LLC recently announced the addition of a new franchisee in Farmington Hills, Mich.

 

The new agency opened in October and is a partnership between four professionals with more than 60 years of experience in commercial real estate and working with lenders and title companies.

 

Read on learn what Proliant Executive Vice President Michael Telford said about the new agency.


Stavvy, Encompass integrate
Posted Date: Thursday, January 14, 2021
Stavvy’s eSigning and eClose solutions now are available through ICE Mortgage Technology’s Encompass digital lending platform.

Read on to learn more.

Median home-sale price continues to rise
Posted Date: Thursday, January 14, 2021

During December, closed home sales increased 16 percent from a year earlier and pending sales jumped 35 percent.

Read on for more details.


SLK Global adds vice president
Posted Date: Thursday, January 14, 2021
SLK Global Solutions has added a vice president of business development to strengthen its Insurance Solutions team.

Read on for more details.

 


FNF launches digital closing ‘experience’
Posted Date: Thursday, January 14, 2021
Fidelity National Financial (FNF) has launched a guided digital-closing solution for consumers finalizing any type of real estate transaction, the company announced.

FNF said its Close inHere is part of the company’s inHere Experience platform, which is designed to transform buying, selling, or refinancing a home.

Read on to learn what FNF Chief Digital Officer Jason Nadeau said about the company’s latest offering.


Ideanomics completes Timios acquisition
Posted Date: Thursday, January 14, 2021

Ideanomics has completed its acquisition of privately held nationwide title and settlement solutions provider Timios Holdings Corp.

 

Timios CEO Raymond Davison and President Joseph Montag will continue to lead the company, which will retain its current leadership, personnel, branding, and culture and operate as an entity within the Ideanomics Capital division.

 

Read on to learn more.


Michigan mortgage company launches eSign app
Posted Date: Thursday, January 14, 2021

Michigan-based lender Mortgage 1 has launched a mobile application that enables home buyers to electronically sign (eSign) mortgage closing documents.

 

Mortgage 1 said its Fast Pass speeds up the closing process and helps ensure safety during the Covid-19 pandemic. Mortgage 1 is Michigan's fourth-leading lender, with offices in six states.

 

Read on to learn more about the technology offering.


CATIC hires Georgia state manager
Posted Date: Thursday, January 14, 2021
CATIC recently hired a vice president, state manager, and state counsel for Georgia.

Read on to learn more.

Foreclosure activity hits 16-year low
Posted Date: Thursday, January 14, 2021

The number of properties with foreclosure filings in 2020 represented 0.16 percent of all U.S. housing units, down from 0.36 percent in 2019 and down from a peak of 2.23 percent in 2010.

Read on for more details.


Cook & James announces executive moves
Posted Date: Thursday, January 14, 2021
Atlanta-based real estate law firm Cook & James recently announced three executive moves.

Read on to learn more.

Stewart continues acquisition binge
Posted Date: Tuesday, January 12, 2021
A little more than a month after acquiring online notarization and eClosing solution provider NotaryCam, Stewart announced it has acquired a Cleveland, Ohio-based title agency.

Stewart Title Senior Division President David Martin said the acquired agency has been a company partner for nearly two decades and will make Stewart a leader in the top three markets in Ohio.

Read on for more details.


SitusAMC acquires mortgage-tech platform
Posted Date: Tuesday, January 12, 2021
SitusAMC Holdings Corp. has acquired ReadyPrice and its mortgage technology that connects mortgage loan originators (MLOs) and lenders to facilitate more efficient loan originations, the company announced.

Financial terms of the transaction were not disclosed. SitusAMC said it has retained ReadyPrice’s management team.

Read on to learn what executives from both companies had to say about the acquisition.


Black Knight adds capabilities to its digital closing solution
Posted Date: Tuesday, January 12, 2021
Black Knight, Inc. has added new capabilities to its Expedite Close digital closing solution to facilitate fully digital real estate transactions more easily, the company announced.

The company said its Expedite Close now offers detailed, document-by-document guidance to help borrowers through the closing package, allowing for a more efficient, contactless process, up to and including the remote online notarization of all necessary paperwork.

Read on to learn more.


RamQuest launches podcast
Posted Date: Tuesday, January 12, 2021
RamQuest recently launched a podcast which is hosted by its chief product officer. Read on to learn more about the podcast.

Number of ‘million-dollar’ cities increases
Posted Date: Tuesday, January 12, 2021

The number of cities where the typical home value is least $1 million in 2020 had its largest increase in at least a decade, according to an analysis by Zillow.

Read on to learn more.


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