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October 26, 2020
The Title Report Print Edition
October 26, 2020


Coronavirus has real estate professionals on edge
Posted Date: Tuesday, October 6, 2020

More than one third of lenders, real estate agents and title agents surveyed said their personal safety has been compromised to conduct a transaction during the coronavirus pandemic.

In the third-party survey sponsored by States Title, real estate professionals said in-person contact during home buying process also is a big concern of buyers and sellers.

Read on learn more of the survey’s findings.


NFIB: Small businesses still struggling
Posted Date: Wednesday, October 14, 2020
NFIB Research Center has released a survey that weighs COVID-19’s impact on small businesses and the economy, accompanied by the group’s conclusion that small businesses are struggling and need more government aid.

According to the survey, a majority of Paycheck Protection Program borrowers have spent their entire loan and are ready to apply for loan forgiveness.

Read on for more survey results.


CATIC, SoftPro enhance integration
Posted Date: Wednesday, October 14, 2020
SoftPro has announced an enhanced integration with CATIC that supports the latter’s title order packaging system platform. Read on for more details.

Mortgage Network hires loan officer
Posted Date: Wednesday, October 14, 2020
Mortgage Network, Inc. has hired a loan officer for the company’s branch in Mount Pleasant, S.C.

Read on for more details.

 

 


Realty company, title partners choose SafeWire
Posted Date: Monday, October 12, 2020

A realty company with more than 1,100 agents in Ohio and Michigan has chosen SafeWire to protect its transactions against wire fraud from the listing to the closing.

SafeWire’s platform also will be deployed by the realty company’s partners World Class Title, Landsel Title Agency, and Bridge Title.

Read on to learn more.


Orange Coast subsidiary revamps online store for Realtors
Posted Date: Monday, October 12, 2020
A subsidiary of Orange Coast Title Co. recently launched the latest version of its online store designed for real estate professionals, the company announced.

Laureltree Promotions said its CreativeEdge marketing assists real estate professionals with their print and direct mail marketing. It also syncs up with Title Advantage, Orange Coast Title Co.’s online resource for Realtors.

Read on to learn more.

NATIC adds state agency manager
Posted Date: Monday, October 12, 2020
North American Title Insurance Co. has added a state agency manager.

Read on for more details.

Median home price hits record
Posted Date: Monday, October 12, 2020
The median home sale price increased 15 percent year-over-year to the highest on record.

Read on for more details.

 


Westcor hires Florida agency representative
Posted Date: Monday, October 12, 2020
Westcor Land Title Insurance Co. recently hired a Florida agency representative.

Read on for more.

Burding installed as ALTA president
Posted Date: Monday, October 12, 2020

The American Land Title Association (ALTA) has installed Bill Burding as president for the 2020-2021 year.

Burding is executive vice president and general counsel of Orange Coast Title Co. in Santa Ana, Calif. He was officially installed during the association’s virtual ALTA One conference.

Read on to learn the association’s priorities for the coming year.


Title Alliance, Keller Williams launch Washington agency
Posted Date: Friday, October 9, 2020

Title Alliance, Ltd. has partnered with Keller Williams Realty Mountains to Sound and Keller Williams Puget Sound to form Title Alliance Puget Sound, the company announced.

 

The new agency will cater to the communities in Seattle, with an office in Federal Way and plans for a second office in Kent, Wash. in the coming months.

 

Read on to learn more.


Stone looks back on WFG’s first decade
Posted Date: Friday, October 9, 2020

The Williston Financial Group (WFG) is reporting record sales volume and three fintech product releases as it marks its 10th anniversary, the company announced.

 

Executive Chairman Patrick Stone said WFG’s continued success even during the coronavirus is a testament to its central goal of creating a single technology platform that can bring together all real estate transaction participants.

 

Read on to learn more.


Stewart hires division president
Posted Date: Friday, October 9, 2020

Stewart Title has hired a division president for its Columbia Division in Portland, Ore., the company announced.

 

The company’s newest division president will be responsible for overseeing the direct operations and strategic initiatives in Portland and growing the Stewart brand in the market.

 

Read on to learn who Stewart selected for this position.

 


Solidifi appoints national sales manager
Posted Date: Friday, October 9, 2020
Solidifi has appointed a senior vice president, national sales manager. Read on for more details.

 


Markets most vulnerable to coronavirus’ impact
Posted Date: Friday, October 9, 2020

Housing markets in pockets of the northeast and mid-Atlantic regions were most vulnerable to the impact of the coronavirus pandemic in the third quarter.

Read on to learn more.


SimpleNexus, Ellie Mae integrate
Posted Date: Friday, October 9, 2020
SimpleNexus’ recently launched hybrid eClosing feature now is available on Ellie Mae’s digital lending platform.

Read on to learn more.

 


Compass acquires title and escrow software startup
Posted Date: Wednesday, October 7, 2020

The real estate technology company Compass has signed a definitive agreement to acquire Modus, a title and escrow software startup, the company announced.

 

The companies said the transaction is expected to close this month. Modus will be the third software-focused transaction Compass has closed in the past 18 months.

 

Read on for more details about the acquisition.


Title Alliance names CFO
Posted Date: Wednesday, October 7, 2020

Title Alliance, Ltd. has named a chief financial officer.

 

The company’s new CFO has more than 30 years of experience, including substantial financial services and investment experience. Additionally, he has expertise in managing the financial risks of major companies, as well as capital deployment, strategic financial planning, and reporting.

 

Read on for more details about the new hire.


Stewart’s excellent rating affirmed
Posted Date: Wednesday, October 7, 2020

AM Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the long-term issuer credit ratings (Long-Term ICR) of “a-” for the member companies of Stewart Title Group.

The agency said the ratings “reflect Stewart’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.”

Read on for more details.


Coldwell Banker Realty names president
Posted Date: Wednesday, October 7, 2020
Coldwell Banker Realty has appointed a president of Coldwell Banker Realty in Northern California.

Read on for more details.

Real House prices decline
Posted Date: Wednesday, October 7, 2020
Real house prices decreased between June 2020 and July 2020, according to the latest First American Real House Price Index.

Read on for more details.

SimpleNexus releases lender tool
Posted Date: Wednesday, October 7, 2020

SimpleNexus recently released SimpleNexus Team Members, a feature it said that allows lenders to work more efficiently by managing loan file permissions and employee workflows based on assigned user roles.

Read on to learn more.


ALTA launches Good Deeds Foundation
Posted Date: Tuesday, October 6, 2020

The American Land Title Association (ALTA) has launched the ALTA Good Deeds Foundation to bolster charitable efforts of its members in their communities.

The foundation will help those adversely impacted by national emergencies such as the COVID-19 pandemic or with housing needs. The announcement came during the first day of this year’s virtual ALTA One conference.

Read on to learn which group has received the foundation’s first grant.

 


Agents National, Qualia integrate
Posted Date: Tuesday, October 6, 2020

Qualia has integrated Agents National Title Insurance Co.’s (ANTIC) commitment and policy production documents into its platform, the companies announced.

 

Qualia CEO Nate Baker said the integration provides ANTIC and their agent partners the infrastructure to collaborate more effectively and make home closing more transparent and efficient.

 

Read on for more details about the integration.


Adeptive partners with Pythonic.AI
Posted Date: Tuesday, October 6, 2020

Adeptive Software has partnered with Pythonic.AI for intelligent document routing.

Read on for more details.


LenderClose expands team
Posted Date: Tuesday, October 6, 2020
LenderClose recently expanded its team with the addition of a software engineer, an intelligence analyst, and several sales executives.

Read on for more information.

 

 


Loan defects decline
Posted Date: Tuesday, October 6, 2020
Loan defects in August declined 1.6 percent month-to-month and nearly 18 percent from one year earlier.

Read on to learn more.

Spruce partners with reinsurer
Posted Date: Wednesday, September 30, 2020

Spruce said it has partnered with one of the world's leading reinsurers to bring cost-effective title insurance fueled by automation to the U.S. market.

 

Spruce co-founder and CEO Patrick Burns said the company’s automated underwriting paired with the backing and security of the reinsurer will allow it to offer lower pricing for title insurance and a best-in-class experience for lenders, real estate companies, and consumers.

 

Read on to learn more.


RE/MAX acquires Gadberry Group
Posted Date: Wednesday, September 30, 2020
RE/MAX Holding recently acquired a location intelligence data company whose products have been instrumental in the success of its newly launched consumer website.

The company said it expects the acquisition of the Gadberry Group to have a negligible impact to its third quarter 2020 financial results.

Financial terms of RE/MAX’s acquisition of the Gadberry Group were not disclosed.

Endpoint expands into Arizona
Posted Date: Wednesday, September 30, 2020

First American’s digital real estate closing company Endpoint recently expanded into Arizona, the company announced.

Endpoint said it will provide a home closing experience to all major metro areas in Arizona, including Phoenix, Scottsdale and Tucson, adding to its existing footprint in southern California and Washington.

Endpoint said its digital closing offering in Arizona will include remote online notarization capabilities available through Notarize.


Agents National adds agency representatives
Posted Date: Wednesday, September 30, 2020
Agents National Title Insurance Co. has hired two agency representatives.

Read on to learn more.

Meridian Title announces personnel changes
Posted Date: Wednesday, September 30, 2020

Meridian Title Corp. recently expanded its legal team with the hiring of an attorney and the promotion of a long-time employee.

Read on to learn more.


DocMagic, Virpack integration
Posted Date: Wednesday, September 30, 2020
DocMagic has integrated VirPack’s services into its platform to enable the exchange of loan files and docs for compliant eSigning.

Read on to learn more.

WFG, ZOCCAM partner
Posted Date: Monday, September 28, 2020

WFG National Title Insurance Co. recently announced that it will offer ZOCCAM technology through the company’s direct operations to make contactless payment even easier for its customers.

 

ZOCCAM’s virtual courier mobile app enables Realtors and consumers to send earnest money by connecting directly to a bank via a secure file transfer protocol.

 

Read on for more details.


Florida title agency offering moving concierge service
Posted Date: Monday, September 28, 2020
A Fort Myers, Fla.-based title agency is offering a free moving concierge service to clients who close with them, the company announced.

The service will take care of switching all the client’s home services to their new address, including electricity, Internet, insurance, home phone/cell, cable/satellite, home security, mail forwarding, gas and water, and movers/storage.

Read on for more details.


North Star Title adds assistant general counsel
Posted Date: Monday, September 28, 2020
Cleveland-based NorthStar Title Services has expanded its team with the addition of a commercial escrow officer and assistant general counsel.

Read on to learn more.

Homes less affordable during third quarter
Posted Date: Monday, September 28, 2020

Median-priced homes are unaffordable for average wage earners in 61 percent of the counties analyzed.

Read on for more details.


Guaranteed Rate names senior vice president
Posted Date: Monday, September 28, 2020
Guaranteed Rate has named a senior vice president of mortgage lending.

Read on for more details.

Shaddock acquires Utah title agency
Posted Date: Monday, September 28, 2020

Shaddock National Holdings has acquired the largest privately held title insurance agency in Utah, the company announced.

 

Financial terms of Shaddock’s acquisition of the title agency were not disclosed. Shaddock said the acquired agency will retain its name and current staff and plans to further expand its operations and open new offices.

 

Read on for more information.


Home sales up, inventory down
Posted Date: Friday, September 25, 2020
The housing market in August set records for lowest inventory, days on market, and median sales price.

Read on to learn more.

 

 


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