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Predictions about the future of homebuying
Posted Date: Wednesday, December 5, 2018
What will the homebuying process of the future look like? Notarize offers a glimpse of what’s possible/probable in “10 Predictions for the Future of Home Buying.”
Its eBook is a collection of cutting-edge research, case studies, and insights from industry leaders regarding the future of the homebuying process.
Read on to learn what industry insiders are predicting.
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Solidifi’s title revenues decline
Posted Date: Tuesday, December 4, 2018
The Canadian-based parent company of Solidifi attributed fourth-quarter revenue declines for its title and appraisal operations to declining mortgage originations in the U.S.
However, Real Matters, Inc.’s CEO said he is “confident” the company can achieve 15 percent to 20 percent of the U.S. appraisal market and 1 percent to 3 percent of the U.S. title and closing market by 2021.
Read on for more details from Real Matters’ latest earnings report.
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Radian Group acquires Pittsburgh settlement company
Posted Date: Tuesday, November 27, 2018
A week after listing it as part of its family of companies, Radian Group Inc. officially announced the acquisition of a Pittsburgh-based national appraisal and title management services company. Terms of the deal were not disclosed.
Radian’s CEO said the acquisition is consistent with its growth and diversification strategy, and its focus on the core product offerings of title, mortgage and real estate services.
Read on to learn more about the acquisition.
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Black Knight CEO to also lead Dun & Bradstreet
Posted Date: Tuesday, November 20, 2018
Black Knight, Inc. will spend $375 million to acquire an economic ownership interest of less than 20 percent in Dun & Bradstreet, the company announced.
Once the deal is complete, Black Knight CEO Anthony Jabbour will become CEO of Dun & Bradstreet in addition to his role at Black Knight, and Executive Chairman William P. Foley II will become executive chairman of Dun & Bradstreet’s Board of Directors.
Read on to learn what other investors are part of the deal.
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ResWare integrates ClientConnect
Posted Date: Tuesday, November 27, 2018
Adeptive Software has integrated the solution used by National Investors and Investors Title to generate closing protection letters and policy jackets with its ResWare production software.
Read on for more details.
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Stewart appoints New York counsel
Posted Date: Wednesday, November 28, 2018
Stewart Title Insurance Co. has appointed a new underwriting counsel for New York.
Read on for more details.
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Median home price near $300,000
Posted Date: Monday, November 19, 2018
Redfin found that 32 of the 71 largest metro areas saw home prices increase from September to October.
Read on for more details
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Redfin, Notarize partnering on eClosings
Posted Date: Friday, November 16, 2018
Real estate brokerage Redfin has partnered with Notarize to provide online closings to customers of its title and settlement company and its mortgage company.
Notarize founder and CEO Pat Kinsel said the partnership is a “natural fit” because Redfin customers are accustomed to a digital, mobile product.
Read on to learn more about the partnership.
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Louisiana LTA elects new board, officers
Posted Date: Thursday, January 3, 2019
At its annual convention in New Orleans in December, the Louisiana Land Title Association elected its board of directors and officers for 2019.
Read on for the details.
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NFIB: Small-business owners bullish on economy
Posted Date: Thursday, December 6, 2018
The optimism of small-business owners surveyed by the National Federation of Independent Business (NFIB) continued to grow during October, according to the group’s latest index.
Respondents told NFIB they believe the current period is a good time to expand substantially, that they are planning to invest in more inventory, and reported high sales figures.
Read on for more details from NFIB’s latest report.
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Growth rate for luxury homes slows
Posted Date: Thursday, December 6, 2018
The third-quarter growth rate for luxury homes was the lowest growth rate since the fourth quarter of 2016.
Read on for more details from Redfin’s latest report.
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Digital lender expands into eight additional states
Posted Date: Wednesday, December 5, 2018
A digital mortgage lender backed by Kleiner Perkins, Goldman Sachs, and Pinebrook has expanded into eight additional states.
The company’s co-founder and CEO said it is on a mission to change the way Americans buy and refinance homes, making the process affordable, less stressful, and a delightful customer experience.
Read on to learn where the digital lender is doing business.
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TitleTap releases new website designs
Posted Date: Wednesday, December 5, 2018
TitleTap has released new website designs for title agents and attorneys, the company announced.
One of the new design features is a video homepage through which customers can choose from hundreds of video options to help match things such as their company theme, services provided and/or local city skyline.
Read on to learn what other new features are part of the new designs.
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Rising interest rates making homes less affordable
Posted Date: Wednesday, December 5, 2018
According to the latest First American Real House Price Index, overall consumer homebuying power fell by $26,000 in September compared with one year ago.
Read on for more details.
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ResWare integrates ShortTrack
Posted Date: Wednesday, December 5, 2018
ResWare has integrated ShortTrack’s collaborative portal into its title production platform.
Read on for more details.
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Cross-industry fraud on the rise
Posted Date: Tuesday, December 4, 2018
A new study from LexisNexis Risk Solutions has identified an increase in the number of companies victimized by fraud committed across multiple industries.
LexisNexis said fraud-mitigation professionals increasingly are interested in teaming together and sharing data to help combat this trend.
Read on to learn how many fraud-mitigation professionals were surveyed and from how many different industry sectors.
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Visionet integrates Old Republic
Posted Date: Tuesday, December 4, 2018
Visionet Systems, Inc. said it has completed its integration of Old Republic Title’s ezJacket and closing protection letter (CPL) software applications with its AtClose platform.
The integration will enable Old Republic Title agents to produce closing CPLs and policy jackets without having to leave the AtClose system.
Read on for more details about the integration.
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Ellie Mae hires CFO
Posted Date: Tuesday, December 4, 2018
Ellie Mae has hired an executive vice president and chief financial officer.
Read on for more details.
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Climb Real Estate names president
Posted Date: Tuesday, December 4, 2018
Climb Real Estate has named a president of the brand’s San Francisco- area brokerages.
Read on for more details.
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Closing rates hit yearly high
Posted Date: Tuesday, December 4, 2018
The closing rate for all loans during October reached its highest point in 2018.
Read on for more details.
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First American launches Blockchain system
Posted Date: Wednesday, November 28, 2018
First American Financial Corp. (FAF) has launched a shared Blockchain system designed to increase efficiency, reduce risk and improve the title production process.
FAF said its Blockchain will facilitate the exchange of prior title insurance policies between underwriters that contribute to the system.
Read on to learn which major underwriter has already agreed to join the Blockchain.
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Guaranteed Rate acquires two Hawaiian lenders
Posted Date: Wednesday, November 28, 2018
Chicago-based Guaranteed Rate, Inc. has expanded its footprint in Hawaii with the acquisition of two lenders there.
As a result of the acquisition, Guaranteed Rate said it will license new branch locations in downtown Honolulu and several other locations, and maintain its existing branch locations in Honolulu and Aiea.
Read on to learn which Hawaiian lenders have become part of Guaranteed Rate.
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Loans to small-business owners decline
Posted Date: Wednesday, November 28, 2018
Lending to small-business owners during this year’s third quarter declined, according to the latest Quarterly Credit Outlook from PayNet.
PayNet President William Phelan said he anticipates the current small business investment cycle will continue to expand at a more sustainable rate, and doesn’t view recent data as evidence of a coming sea change.
Read on for more details from PayNet’s latest credit outlook.
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Ellie Mae migrating infrastructure to cloud
Posted Date: Wednesday, November 28, 2018
Ellie Mae is moving its infrastructure to Amazon Web Services to rebuild its core applications and create new digital products for homebuyers.
Read on for more details.
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PropLogix adds product director
Posted Date: Wednesday, November 28, 2018
PropLogix has hired an industry veteran as its new product director.
Read on for more details.
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OS National expands its Texas presence
Posted Date: Tuesday, November 27, 2018
OS National LLC has opened a new office that will serve Tarrant and Denton counties in Texas, the company announced.
The company’s executive vice president for Texas said the new office will offer boutique services to the Realtor, lender and homebuyer and seller community.
Read on to learn where the new office is located and how OS National commemorated its opening.
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Ocwen Financial announces leadership changes
Posted Date: Tuesday, November 27, 2018
In what it called a move to position the company for a return to growth and profitability, Florida-based Ocwen Financial Corp. has named a chief growth officer and a chief risk and compliance officer.
The newly hired chief growth officer is a former co-chairman and president of a residential mortgage originations company with more than 500 employees operating in all 50 states.
Read on to learn what Ocwen’s CEO had to say about the new hires.
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The absolute best day to buy a home
Posted Date: Tuesday, November 27, 2018
If you’re looking to close a deal on a home, your December schedule should involve more than visiting malls and wrapping presents.
Read on to learn the days on which the steepest discounts on homes are available.
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Accurate Group title director promoted to COO
Posted Date: Tuesday, November 20, 2018
The real estate appraisal, title data, analytics and eClosing solutions provider Accurate Group has named a new chief operating officer. The company also named a director of national sales.
The new COO has been the national title operations director at the company for the past four years. Both of those selected are industry veterans with more than two decades of experience.
Read on to learn Accurate Group’s selections for these executive positions and more about their experience.
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Texas brokerage names president, COO
Posted Date: Tuesday, November 20, 2018
The Texas-based real estate group that includes United Real Estate and United Country Real Estate has named a chief operating officer and president.
The new president and COO previously has held leadership positions with companies in Texas, Louisiana, Mississippi, Ohio and Connecticut, and most recently was president of a Louisiana brokerage which also owned a title company.
Read on to learn who was selected.
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As coastal markets cool, inland heats up
Posted Date: Tuesday, November 20, 2018
While expensive coastal markets are cooling off a bit, inland markets with shrinking housing supplies are having more homes go under contract within days.
Read on for more details from an analysis by Redfin.
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Plaza Home Mortgage adds option to LOS
Posted Date: Tuesday, November 20, 2018
Plaza Home Mortgage’s BREEZE loan origination system now gives wholesale mortgage brokers a new option in generating both required disclosures and the Loan Estimate at the point of sale, the company announced.
Read on for more details.
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Old Line expands lending team
Posted Date: Tuesday, November 20, 2018
The parent company of Old Line Bank has added an industry veteran to its mortgage lending team.
Read on for more details.
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Westcor agent performs eClosing in Texas
Posted Date: Monday, November 19, 2018
Westcor agent Celebrity Title recently performed an eClosing for a client in Texas.
The homebuyer, who closed from his office, called the eClosing “smooth and seamless,” and recommended eClosing for other homebuyers.
Read on to learn which other company was involved in the eClosing and what Westcor Chief Operating Officer Scott Chandler had to say about the transaction.
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