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Industry reacts to nomination of new CFPB director
Posted Date: Monday, June 18, 2018
Reaction to President Donald Trump’s nomination of Kathy Kraninger as director of the Consumer Financial Protection Bureau seemed somewhat muted as industry experts scrambled to learn her background.
The president’s nomination to lead the nation’s top consumer watchdog has no consumer advocacy experience, no regulator experience and no financial services experience.
Read on to learn how some key industry participants are reacting.
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NS3: Flagstar CEO details hard lessons learned en route to success
Posted Date: Monday, June 25, 2018
Bringing together professionals from all spokes of the real estate industry in one location always has been the focus of the National Settlement Services Summit (NS3).
For the 2018 installment, keynote speaker Alessandro DiNello, president and CEO of Flagstar Bank, brought to the podium the perspective of an industry leader who has worn a number of different hats throughout his career.
From a regulatory perspective to technology and all points in between, find out how DiNello and his company successfully navigated a gauntlet of obstacles and are now thriving.
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Industry’s first-quarter premiums flat
Posted Date: Thursday, June 21, 2018
The industry generated slightly less in title insurance premiums during this year’s first quarter than in 2017, according to the American Land Title Association’s 2018 First-Quarter Market Share Analysis.
The combination of limited housing inventory in several markets, soaring home prices and rising interest rates that have reduced the number of refinances have slowed the housing market, as many companies struggled to match their 2017 first-quarter performances.
Read on for more details from ALTA’s analysis.
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Pavaso, The Closing Exchange partner
Posted Date: Thursday, June 21, 2018
The Closing Exchange has partnered with Pavaso to provide nationwide mobile closing services through its network of trained and certified signing agents, both companies announced.
The companies said the partnership leverages Pavaso’s signing service coverage and system expertise with The Closing Exchange’s training and performance management capabilities across the nation.
Read on for more details.
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First-quarter loan originations decline
Posted Date: Thursday, June 21, 2018
The number of loan originations during the first quarter of 2018 dropped 3 percent from one year ago.
Read on for more details from ATTOM Data Solutions’ Q1 2018 U.S. Residential Property Loan Origination Report.
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CATIC adds Boston office
Posted Date: Thursday, June 21, 2018
CATIC National Commercial Services has expanded its footprint in Massachusetts with the opening of a new office in Boston.
CATIC said the new office provides an alternative location for its agents who would like to use the company’s resources in coordinating commercial transactions.
Read on for more details about the new office.
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FNTG National Agency President tells NS3 audience about GTOs
Posted Date: Monday, June 18, 2018
In May, The Title Report learned that FinCEN issued a new Geographical Targeting Order (GTO) that took effect May 21, 2018. At the National Settlement Services Summit (NS3) in Detroit on June 7, Steven Day, president National Agency Operations, Fidelity National Title Group and president of the American Land Title Association, participated in an underwriter panel and discussed the latest GTO.
Day and WFG Executive Chairman and founder Patrick Stone offered their insight and suggestions to attendees on how to move forward with impacted transactions.
Read on for more on what they had to say.
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First Title & Escrow, Pavaso partner
Posted Date: Monday, June 18, 2018
Pavaso has partnered with a technology-focused, national settlement services firm based in Washington D.C. to facilitate the company’s digital closing program.
Pavaso CEO Mark McElroy said mortgage lenders and their customers are beginning to expect digital closing options, and that this latest partnership is a natural fit which will only accelerate the ongoing digital transformation industrywide.
Read on for more details.
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NATIC adds Alabama, Mississippi manager
Posted Date: Monday, June 18, 2018
North American Title Insurance Co. has hired a state agency manager for Alabama and Mississippi.
Read on for more details.
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AmTrust hires underwriting counsel
Posted Date: Monday, June 18, 2018
AmTrust Title Insurance Co. has hired a vice president and Pennsylvania underwriting counsel.
Read on for more details.
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Rochester Title adds attorney
Posted Date: Monday, June 18, 2018
Minnesota-based Rochester Title has hired a staff attorney.
Read on for more details.
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NotaryCam celebrates 100K online notarizations
Posted Date: Monday, June 18, 2018
NotaryCam, Inc. announced that it has completed more than 100,000 online notarizations since introducing the service in 2012.
Read on for more details.
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Blockchain platform recognized by SIIA
Posted Date: Monday, June 18, 2018
ShelterZoom, creator of the first blockchain-based, real estate offer/acceptance and rental platform, has been named the Best Emerging Technology of 2018 as part of the annual SIIA CODiE Awards.
Read on for more details.
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PLTA holds annual convention
Posted Date: Monday, June 18, 2018
The Pennsylvania Land Title Association (PLTA) held its annual convention at the the Wyndham Gettysburg earlier this month.
Read on for more details.
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Feds request more info from Fidelity, Stewart
Posted Date: Thursday, June 14, 2018
The Federal Trade Commission has directed Fidelity National Financial and Stewart Information Services Corp. to provide more information as federal regulators weigh approval of the proposed $1.2 billion merger of the two underwriters, according to a Securities and Exchange Commission (SEC) filing.
Fidelity said it still expects the acquisition to close by the first or second quarter of 2019.
Read on for more details.
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Economists debate impact of latest rate hike
Posted Date: Thursday, June 14, 2018
The Federal Reserve has raised interest rates for the second time this year and signaled that two additional hikes are likely before year’s end.
Many economists do not believe this latest rate hike will derail the housing market. Still, others believe the limited supply of homes may prove more of an immediate threat to the housing market than gradual rising interest rates.
Read on for more details.
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WFG appoints COO of WEST
Posted Date: Thursday, June 14, 2018
A holding company of Williston Financial Group (WFG) and Golden Gate Capital has appointed a chief operating officer (COO).
The new COO is the former president of Realtors Property Resource and a former chief technology officer of Realtor.com.
Read on to learn why WFG CEO Steve Ozonian said the new hire is the right person to help the company create a new direction for real estate technology.
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LenderClose hires sales executive
Posted Date: Thursday, June 14, 2018
LenderClose has hired a sales executive who will focus on building relationships with credit unions and community banks.
Read on for more details.
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DocMagic, MortgageHippo integrate
Posted Date: Thursday, June 14, 2018
MortgageHippo has integrated DocMagic, Inc.’s loan preparation, regulatory compliance and eMortgage services into its digital lending platform.
Read on for more details.
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Southern Title assistant gains Florida license
Posted Date: Thursday, June 14, 2018
A closing assistant at Southern Title has successfully completed the state exam and became a licensed title agent in Florida.
Read on for more details.
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Digital title company raises $20 million
Posted Date: Wednesday, June 13, 2018
A digital title and settlement company has closed a $20 million round of funding led by funds and accounts advised by T. Rowe Price Associates, Inc. with participation from PSL Ventures, Imagen Capital Partners and existing investors Trilogy Equity Partners and Maveron.
The company’s CEO called the investment “a testament to the present inadequacy of the title and escrow experience.”
Read on for more details.
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ALTA: CFPB should provide ‘useful’ information
Posted Date: Wednesday, June 13, 2018
The American Land Title Association is among a coalition of organizations supporting legislation that would require the Consumer Financial Protection Bureau to issue useful guidance concerning consumer financial laws.
The groups complain that the “bureau has been historically slow to issue guidance, which has created an environment of uncertainty amongst all stakeholders.”
Read on for more details.
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Old Republic, ZOCCAM partner
Posted Date: Wednesday, June 13, 2018
Old Republic Title and ZOCCAM have partnered in Texas to facilitate the secure transfer of electronic deposits of earnest money into Old Republic's escrow accounts.
ZOCCAM’s CEO said the company’s partnership with Old Republic will save consumers the heartache associated with loss of funds from wire fraud.
Read on for more details.
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Flipping rates at two-year low
Posted Date: Wednesday, June 13, 2018
During the first quarter, the home flipping rate declined in 75 of the 136 metropolitan statistical areas analyzed by ATTOM Data Solutions.
Read on for more details.
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DataTrace adds sales executive
Posted Date: Wednesday, June 13, 2018
DataTrace has hired an industry veteran with a successful history of developing strategic client relationships.
Read on for more details.
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TitleWave names president
Posted Date: Monday, June 11, 2018
TitleWave has selected a former senior vice president with First American Title and president and chief operating officer of Sunbelt Title Agency to serve as its president.
A Fidelity National Title Group executive called the new president “a visionary leader, operator and change agent possessing more than 20 years of experience.
Read on for more details.
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eOriginal launches new initiative
Posted Date: Monday, June 11, 2018
eOriginal, Inc. has announced a new initiative that will provide settlement agents customized access to key lender documents, including the eNote, in a fully digital environment.
The company’s new initiative enables settlement agents to digitally execute lender documents without the need to sign a lengthy term contract, pay additional fees or attend extensive training.
Read on for more details.
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NS3: Industry stars earn OR awards
Posted Date: Thursday, June 7, 2018
For the seventh year, October Research, LLC, presented its annual awards for leadership, innovation and philanthropy, with some of the brightest stars in the title industry recognized for their efforts.
CEO and Publisher Erica Meyer presented the awards Thursday at the 14th annual National Settlement Services Summit (NS3) in Detroit.
Read on for more details of the winners and their contributions to the industry.
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NS3: Make a Child Smile brings summer fun to Detroit youth
Posted Date: Thursday, June 7, 2018
After helping build more than 200 bikes and Big Wheels for local youth over the past six years, attendees at the National Settlement Services Summit (NS3) took time Wednesday to provide a different kind of summer fun for Michigan children.
The seventh annual “Make a Child Smile” community service event, sponsored by Adeptive Software, saw attendees put together Summer Fun Supply Kits, which will be delivered to the Boys & Girls Clubs of Southeastern Michigan.
Read on for more from the event and presentation.
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