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 Investors Title sets quarterly records
Posted Date: Tuesday, November 17, 2020
Investors Title Co. established quarterly records for total revenues, net premiums written, and net income, according to the company’s latest earnings statement.
Chairman J. Allen Fine said the company’s third-quarter level of refinance activity continued at a pace like the second quarter, and well above the prior year.
Read on for more details from Investor Title’s third-quarter earnings statement.
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South Land Title exec gives colleague gift of life
Posted Date: Tuesday, November 24, 2020
South Land Title examiner Debra Lewing had a failing kidney. In 2019, after battling kidney disease for about 15 years, she went into end-stage renal failure.
At that point, her only choice was to go to the hospital and start dialysis, during the midst of the coronavirus pandemic, or find a kidney donor.
As it turns out, the answer to her problem was closer than she could imagine. Read on for her story.
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More than 40 percent of Title Alliance employee-owned
Posted Date: Tuesday, November 24, 2020
Title Alliance, Ltd. recently announced 44.2 percent of the company is owned by its team members through the company’s employee stock option plan (ESOP) trust.
Title Alliance said its ESOP not only provides an opportunity for loyal and dedicated staff-members to grow retirement benefits, but it also provides the company with an innovative recruiting and retention tool.
Read on to learn more.
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Westcor renames region
Posted Date: Tuesday, November 24, 2020
Westcor Land Title Insurance Co. recently renamed its Ohio Region to the Central States Region to reflect the company’s growing presence there.
The company also announced the expansion of the role of Michael Trowbridge, vice president, regional manager – Central States.
Read on to learn what Westcor Agency Regional Manager Glenn Bradley said about the changes.
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Vacation-home sales skyrocket
Posted Date: Tuesday, November 24, 2020
Sales of vacation homes in October jumped 100 percent year-over-year, the fourth triple-digit increase in the last five months.
Read on for more details.
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SLK Global hires vice president
Posted Date: Tuesday, November 24, 2020
SLK Global Solutions has hired a vice president of business development.
Read on to learn more.
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Chicago Title acquires Minnesota agency
Posted Date: Monday, November 23, 2020
Fidelity National Financial subsidiary Chicago Title has acquired Minneapolis, Minn.-based Commercial Partners Title. Financial terms of the deal were not disclosed.
Chicago Title Executive Vice President John Wunderlich said the resources his company can provide combined with the outstanding leadership and talent that Commercial Partners brings to the table is an exciting combination for customers and clients.
Read on for more details.
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Rocket Mortgage, Amrock dominating eNote market
Posted Date: Monday, November 23, 2020
Rocket Mortgage and its affiliated title company Amrock delivered 90 percent of all digital closings with eNotes through the first three quarters of 2020, according to data provided by the Mortgage Electronic Registration System (MERS) eRegistry.
Rocket Mortgage and Amrock, both subsidiaries of Rocket Companies, have more than doubled the number of digital closings they completed in all of 2019.
Read on to learn more.
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Title iO launches updated GreenFolders functionality
Posted Date: Monday, November 23, 2020
Title iO Inc. has announced the release of GreenFolders with Portal Sync and LinkGen.
Title iO acquired GreenFolders from First American Financial in March. Title iO CEO Ryan Whitlock said since the acquisition the company has “focused on incorporating our customers’ feedback and improving their experience.”
Read on to learn more about the newest version of GreenFolders.
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Mortgage Network expands team
Posted Date: Monday, November 23, 2020
Mortgage Network, Inc. has hired a director of talent acquisition and development.
Read on for more details.
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ALTA urges Congress to streamline PPP forgiveness process
Posted Date: Thursday, November 19, 2020
The American Land Title Association joined with more than 100 businesses and financial trades in urging the leaders of Congress to immediately pass legislation to streamline the forgiveness process for the Paycheck Protection Program.
Associations representing thousands of banks, credit unions, financial institutions, nonprofits and businesses urged the passage of The Paycheck Protection Program Small Business Forgiveness Act.
Read on for more information.
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CATIC begins Ohio operations
Posted Date: Thursday, November 19, 2020
CATIC recently announced it had expanded its operations into Ohio, adding the Buckeye State to Connecticut, Florida, Maine, Georgia, Massachusetts, New Hampshire, Rhode Island, and Vermont as states in which it is licensed to operate.
Additionally, CATIC announced a vice president of business development who will oversee operations in Ohio.
Read on to learn who was selected.
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Zoom, FTC settle
Posted Date: Thursday, November 19, 2020
The Federal Trade Commission announced a settlement with Zoom Video Communications, Inc. requiring the company to implement a robust information security program to settle allegations the video conferencing provider engaged in a series of deceptive and unfair practices that undermined the security of its users.
Zoom said it is proud of the advancements made to its platform, and the company already has addressed the issues identified by the FTC.
Read on to learn more.
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NotaryCam completes MISMO’s RON certification
Posted Date: Thursday, November 19, 2020
NotaryCam announced it has completed the Mortgage Industry Standard Maintenance Organization Remote Online Notarization Software Compliance Certification Program.
Read on for more details.
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National median home price soars
Posted Date: Thursday, November 19, 2020
The national median home price posted the second-largest annual increase on record in October.
Read on to learn more.
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Ideanomics acquires nationwide title and settlement provider
Posted Date: Wednesday, November 18, 2020
A privately held company that offers title and settlement, appraisal management, and real estate-owned title and closing services in 44 states has been acquired by the global company Ideanomics.
Ideanomics CEO Alf Poor said the acquisition fits “perfectly within our model as a disruptive force in the mortgage and title industry, which currently has many antiquated processes.”
Read on to learn more.
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Title agency’s parent names COO
Posted Date: Wednesday, November 18, 2020
The parent company of title agency Avenue 365 Lender Services has promoted one of its company executives to chief operating officer, the company announced.
The company’s new chief operating officer has worked in the mortgage industry for over 20 years, and has an extensive background in capital markets, the secondary mortgage market, interest rate risk management and operational risk management.
Read on for more details.
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North Idaho Title, Bank Shot partner
Posted Date: Wednesday, November 18, 2020
North Idaho Title has partnered with Bank Shot to use the latter’s app to complete real estate transactions, including earnest money deposits and wire transfers.
North Idaho Title Vice President and Regional Marketing Director Gavin Jacobson said Bank Shot’s app “enhances the level of service to our clients and will only make the closing process more efficient for all parties involved.”
Read on to learn more.
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Foreclosure activity increased in October
Posted Date: Wednesday, November 18, 2020
The greatest number of foreclosure starts in October 2020 were New York, Chicago, Los Angeles, Miami and Houston.
Read on to learn more.
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Realogy names CEO of franchise group
Posted Date: Wednesday, November 18, 2020
Realogy Holdings Corp has appointed a president and chief executive officer of Realogy Franchise Group LLC.
Read on for more details.
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Stavvy launches eSign functionality
Posted Date: Tuesday, November 17, 2020
The fully integrated digital mortgage platform Stavvy recently launched its native eSign functionality empowering hybrid closings for mortgage lenders and settlement agents.
Stavvy co-founder Kosta Ligris said there has been significant increased acceptance of remote real estate transactions in their various forms since the onset of the coronavirus pandemic.
Read on for more details about Stavvy’s eSign functionality.
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AM Best affirms First American’s ‘excellent’ rating
Posted Date: Tuesday, November 17, 2020
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” of First American Title Insurance Co. and its title subsidiaries, the agency announced.
The agency said the ratings reflect company’s “balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.”
Read on for more details.
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