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Fidelity reports title gains, staff cuts
Posted Date: Wednesday, May 13, 2020
Fidelity National Financial, Inc. had a 62 percent gain in title earnings from a year ago, according to the company’s latest earnings report.
Fidelity also announced staffing cuts to both its field operations and corporate offices estimated to save $200 million, and said it would continue to closely monitor the market.
Read on for more details from Fidelity’s first-quarter earnings report.
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Nationwide Title Clearing donates to hospital foundation
Posted Date: Tuesday, May 26, 2020
Florida-headquartered Nationwide Title Clearing, Inc. CEO John Hillman and co-owner Ed Marsh recently donated $25,000 to the St. Joseph’s Hospitals Foundation Caregiver and Healthcare Worker Fund.
Read on for more details.
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CoStar Group acquires Ten-X
Posted Date: Wednesday, May 20, 2020
CoStar Group, Inc. has acquired digital transaction platform Ten-X.
Read on for more details.
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CloseSimple launches texting platform
Posted Date: Wednesday, May 20, 2020
CloseSimple recently launched a texting platform designed for title and escrow companies.
Read on for more details.
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Investors Title generates record net premiums
Posted Date: Tuesday, May 19, 2020
Lower mortgage rates and the resulting increase in refinances spurred Investors Title Co. to a quarterly record in net premiums, according to the company’s latest earnings statement.
Investors Title Chairman J. Allen Fine said a strong economy prior to the onset of the coronavirus pandemic contributed to a healthy pipeline, which sustained the company through the first quarter.
Read on for more details about Investors Title’s first-quarter performance.
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New digital home lender launches
Posted Date: Tuesday, May 19, 2020
A new digital home loan lender that allows consumers to apply for loans directly from their phones and receive pre-approvals in as little as 15 minutes has launched.
The Rhode Island-based company operates in Texas, Florida, Washington, D.C., Maryland, Massachusetts, Rhode Island, and Virginia. The company plans to expand to 10 additional states by the end of 2020.
Read on for more details.
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The Closing Agent expands Florida footprint
Posted Date: Tuesday, May 19, 2020
Orlando, Fla.-based The Closing Agent has expanded its footprint in Florida with the opening of an office on Merritt Island, the company announced.
President and CEO Barry Miller said the new office was designed with a focus on social distancing, and provides a comfortable and welcoming atmosphere that prioritizes the safety of employees, clients and agents.
Read on for more details.
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Meridian Title expands sales team
Posted Date: Tuesday, May 19, 2020
South Bend, Ind.-headquartered Meridian Title Corp. has added three account managers to its sales team.
Read on for more details.
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Pavaso launches notary service
Posted Date: Tuesday, May 19, 2020
Pavaso has launched a remote ink-signed notarization solution that allows a signer and notary in different locations to complete the signing and notarization of real estate closing documents on paper.
Read on for more details.
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WFG hires production manager
Posted Date: Tuesday, May 19, 2020
WFG National Title Insurance Co. has hired a southeast agency area production manager.
Read on for more details.
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Realogy Title Group earnings up
Posted Date: Friday, May 15, 2020
Driven by a more than 100 percent increase in refinances, Realogy Title Group generated a significant improvement in its first-quarter earnings, according to the company’s latest earnings report.
Realogy said it has implemented cost-savings measures in response to the economic disruption caused by the coronavirus pandemic.
It said those measures are expected to lower operating costs by $80 million to $100 million each full quarter they are in effect.
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BB&T subsidiary rebrands
Posted Date: Friday, May 15, 2020
The retail insurance subsidiaries of BB&T Insurance Holdings, which offer title services through BridgeTrust Title, have rebranded, the company announced.
The Charlotte, N.C.-based company said the rebranding is designed to simplify the firm’s overall identity and reflect a streamlined operational structure that provides clients with easier access to the company’s resources.
Read on for more details.
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AccuTitle, TitleWave integrate
Posted Date: Friday, May 15, 2020
AccuTitle has integrated TitleWave’s order, tracking, and receiving functions into its title management platform, the company announced.
AccuTitle said the integration will enhance user workflow by reducing data entry, eliminating the need to look for or maintain searcher relationships. The integration also offers the ability to send notes and documents to supplement orders.
Read on to learn what AccuTitle CEO Bill Bartzak had to say about the integration.
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Millennial refinances hit all-time high
Posted Date: Friday, May 15, 2020
Refinance activity for millennials reached an all-time high in March as interest rates plummeted.
Read on for more details.
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Three-fourths of small businesses submitted PPP apps
Posted Date: Wednesday, May 13, 2020
A survey by the NFIB Research Center found that 77 percent of small-business owners successfully have submitted applications for Paycheck Protection Program loans.
Nearly all of the small-business owners surveyed expressed concerned about increases in liability claims, with 38 percent saying they are very concerned about increased liability when re-opening their business.
Read on for more details from the survey.
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JetClosing introduces digital mortgage refinancing solution
Posted Date: Wednesday, May 13, 2020
JetClosing has launched a digital mortgage refinancing solution designed for lenders, agents and homeowners, the company announced.
CEO Dan Greenshields said the new offering allows homeowners to refinance their investment to take advantage of historically low rates from the comfort and safety of their homes, eliminating the need for face-to-face interactions.
Read on for more details.
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AmTrust appoints vice president
Posted Date: Wednesday, May 13, 2020
AmTrust Title Insurance Co. has appointed a vice president of national business development.
Read on for more details.
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PropLogix launches podcast
Posted Date: Wednesday, May 13, 2020
PropLogix recently launched an interview-style podcast called Title Talks.
Read on for more details.
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Stewart announces coronavirus-related cost cutting
Posted Date: Monday, May 11, 2020
Stewart Information Services Corp. has executed several targeted cost savings measures prompted by economic impact of the COVID-19 pandemic.
Stewart said those cost-saving measures include reduced staffing across multiple business lines and corporate operations, and lower discretionary spending levels related to temporary labor, professional services, business promotion, and travel.
Read on for more details about the cost-cutting measures.
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Qualia partners with LemonBrew
Posted Date: Monday, May 11, 2020
An end-to-end digital solution that connects homebuyers and sellers to local real estate agents has partnered with Qualia to power its national expansion and transition toward contactless closings, the companies announced.
The company said Qualia’s cloud-based solution has allowed it to mobilize its team quickly and stay connected digitally in compliance with social distancing orders.
Read on for more details.
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Alliant National ‘strongly recommended’ by Demotech
Posted Date: Monday, May 11, 2020
Demotech recently assigned its “strongly recommended” designation to Alliant National Title Insurance Co.’s commercial real estate operations, the company announced.
Alliant National CEO David Sinclair said the designation reflects its capacity, depth of experience, financial backing and the robust framework of controls it uses to service agents.
Read on for more of what Sinclair said about the rating.
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ResWare adds Zipwhip to its platform
Posted Date: Monday, May 11, 2020
Adeptive Software has added the Zipwhip texting application to its ResWare platform.
Read on for more details.
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iBuyers resuming purchasing operations
Posted Date: Friday, May 8, 2020
After hitting the pause button in March because of the coronavirus pandemic, several iBuyers have announced plans to resume buying homes, including Offerpad, Opendoor, Redfin and Zillow.
The iBuyers have adopted safety measures to better protect people looking to buy or sell, and are rolling out their services in selective cities across the country.
Read on for more details.
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Knight Barry acquires Wisconsin agency
Posted Date: Friday, May 8, 2020
Knight Barry Title recently expanded its footprint in Wisconsin with the acquisition of a title agency in Oneida County. Financial terms of the acquisition were not disclosed.
Despite the COVID-19 pandemic, Knight Barry Chief Operating Officer Craig Haskins said the company is maintaining its momentum when it comes to expansion.
Read on for more details about Knight Barry’s latest acquisition.
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Orange Coast develops closing app
Posted Date: Friday, May 8, 2020
Orange Coast Title Co. has developed a closing app it said is designed to ensure safe, reliable communication between buyer, borrower, seller and escrow.
Orange Coast said it will urge customers to use its “ClosingWires” app for wire instructions rather than relying on email systems that can be vulnerable. It said it will add other precautions for customers who don’t use the app.
Read on for more details.
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IDS expands its eClose platform
Posted Date: Friday, May 8, 2020
International Document Services, Inc. has expanded its eClose platform to include eNotes.
Read on for more details.
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Real house prices decline
Posted Date: Wednesday, May 6, 2020
Real house prices decreased between January 2020 and February 2020, according to the latest First American Real House Price Index.
Read on for more details.
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NATIC hires Texas agency manager
Posted Date: Wednesday, May 6, 2020
North American Title Insurance Co. (NATIC) has hired a state agency manager for Texas.
Read on for more details.
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NATIC names regional underwriting counsel
Posted Date: Wednesday, April 29, 2020
North American Title Insurance Co. has added a vice president, regional underwriting counsel for North Carolina, South Carolina, Tennessee and Mississippi.
Read on for more details.
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