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Equity firm acquires ownership interest in Alliant National
Posted Date: Wednesday, March 28, 2018
A private equity firm that specializes in buying mid-market companies has acquired an ownership interest in the holding company that owns Alliant National Title Insurance Co.
Alliant said its leadership and personnel would remain the same, and the partnership would facilitate the company’s next stage of growth.
Read on to learn what Alliant’s CEO told employees and independent agents via a video message.
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Consumer group seeks to block Fidelity-Stewart deal
Posted Date: Thursday, May 30, 2019
A national consumer group has reached out to the Department of Justice (DOJ) and state insurance commissioners in an effort to block Fidelity’s proposed acquisition of Stewart.
In a letter to the DOJ, the group said the elimination of one of the Big Four title insurance underwriters would place too much control of the market in too few hands.
Read on for more details.
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Old Republic, Pavaso complete Arizona eClosing
Posted Date: Friday, April 6, 2018
Homeowners Financial Group recently partnered with Old Republic and technology provider Pavaso to complete an eClosing in Arizona, the companies announced.
The parties said the eClosing involved a property in Arkansas and that the transaction was completed in less than 30 minutes.
Read on to learn what executives from the companies involved had to say about the eClosing.
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NextAce launches two new solutions
Posted Date: Friday, April 6, 2018
NextAce recently launched what it called two first-of- its-kind solutions for the title insurance industry.
The first solution enables title insurers, agents, and attorneys to setup their underwriting and business rules and then produce automated title reports in minutes.
The second delivers completely automated title reports in over 500 counties for up to 20 percent of title orders and properties processed. Read on for more details about these two new solutions.
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Home prices outpacing median wage earners
Posted Date: Friday, April 6, 2018
Median home prices during the first quarter of 2018 were not affordable for average wage earners in 68 percent of counties throughout the country, according to ATTOM Data Solutions Home Affordability Report.
Read on for more details.
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AmTrust hires agency representative
Posted Date: Friday, April 6, 2018
AmTrust Title Insurance Co. has hired an industry veteran to help it continue expansion throughout the west coast of Florida.
Read on for more details.
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CSC adds 31 new counties
Posted Date: Friday, April 6, 2018
CSC has added 31 new counties in 21 states to its eRecording network since the first quarter of 2018, the company announced.
Read on to learn more.
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Proper Title earns excellence award
Posted Date: Wednesday, April 4, 2018
Proper Title has been awarded the “Excellence in Action” award by Fidelity National Title Group, Inc.
Read on for more details.
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ValuAmerica parent acquires title insurer
Posted Date: Friday, March 30, 2018
The parent company of ValuAmerica has acquired a national title insurance and settlement services company licensed in nearly 40 states and the District of Columbia.
Radian Group said the acquisition is consistent with its growth and diversification strategy, and its focus on the core product offerings of its mortgage and real estate services business.
Read on for more details.
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Small-business owners more confident about economy
Posted Date: Friday, March 30, 2018
Confidence concerning the nation’s business environment continued to rise among small-business owners in February, according to a survey from the National Federation of Independent Business.
The advocacy group’s CEO said the growing optimism among small-business owners is being spurred by lower taxes and fewer business regulations.
Read on for more details.
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Simplifile upgrades post-closing service
Posted Date: Friday, March 30, 2018
Simplifile has enhanced its post-closing service to help lenders automate the return of trailing loan documents.
Read on for more details.
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SLK Global adds vice president
Posted Date: Friday, March 30, 2018
SLK Global Solutions has hired a vice president, mortgage, the company announced.
Read on for more details.
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Title premiums reach 11-year high
Posted Date: Wednesday, March 28, 2018
The title insurance industry built upon the excellent year it had in 2016 with an even better year in 2017, according to ALTA’s Market Share Analysis.
Despite an industry-wide decline in refinances last year, title insurance underwriters generated the highest amount of title insurance premiums since 2006.
Read on to learn which companies had the largest share of the market and which states were the largest generators of title insurance premiums.
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New Jersey agency expands into Pennsylvania
Posted Date: Wednesday, March 28, 2018
An independently owned title research and production firm in New Jersey has acquired one of the largest independently owned search and production companies in Pennsylvania.
The New Jersey company said the acquisition will benefit customers that do business in both states by combining search services, local expertise and support with its order receipt, tracking and delivery technology.
Read on for more details.
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Most mortgage applications completed old fashioned way
Posted Date: Wednesday, March 28, 2018
Nearly 60 percent of homeowners applied for and completed their latest mortgage application completely in person, according to Ellie Mae’s 2017 Borrower Insights Survey.
Read on for more details from Ellie Mae’s survey.
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Following proposed acquisition, Moody’s affirms Fidelity's ratings
Posted Date: Wednesday, March 28, 2018
Following Fidelity National Financial, Inc.’s (Fidelity) announcement that it is acquiring Stewart Information Services for $1.2 billion in stock and cash, Moody’s Investors Service has affirmed the company’s senior debt rating and the insurance financial strength ratings of its primary title insurance subsidiaries.
Read on to learn the factors cited by Moody’s in affirming Fidelity’s ratings.
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Small business lending nears all-time high
Posted Date: Tuesday, March 27, 2018
Lending to small businesses increased during January and approached an all-time high, according to the latest Strategic Insights Report from PayNet.
The largest growth during January was experienced in construction and public administration. PayNet also found that delinquencies rose on both a monthly and yearly basis.
Read on for more details from PayNet’s report.
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Knight Barry launches new website
Posted Date: Tuesday, March 27, 2018
Knight Barry Title has launched a new website designed to better serve the needs of its customer base across the Midwest.
Customers can use the new website to search for a local office, sign into their Knight Barry Title account (or create a new one), and access title orders, closing documents and other transactional resources and information.
Read on for more details.
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Rental yields decline slightly
Posted Date: Tuesday, March 27, 2018
According to ATTOM Data Solutions, the areas with the highest potential annual gross rental yields for 2018 are in Maryland, Georgia, Alabama and Michigan.
Read on for more details.
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Ellie Mae partners with Pacific Union
Posted Date: Tuesday, March 27, 2018
Ellie Mae and Pacific Union have announced a partnership through which joint customers can deliver data and documents.
Read on for more details.
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Realogy’s TRG and Pavaso partner on eClosings
Posted Date: Friday, March 23, 2018
The Lender Services Division of Realogy’s Title Resource Group (TRG) has selected mortgage technology provider Pavaso to provide eClosing technology.
TRG said its partnership with Pavaso will deliver on its strategy of using technology to provide the best settlement experience possible and facilitating a better execution process for lender partners.
Read on for more details.
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ATGF’s yearly profits increase
Posted Date: Friday, March 23, 2018
For the second consecutive year, Attorneys Title Guaranty Fund, Inc.’s net profits reached an all-time high.
The company’s president attributed the increased profits to reduced claims, as well as the quality of work performed by its independent agents, higher residential values, and the company achieving full underwriting authority in Minnesota and North Dakota.
Read on for more details.
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loanDepot names COO
Posted Date: Friday, March 23, 2018
loanDepot has named industry veteran Tammy Richards as its chief operations officer for enterprise mortgage operations.
The newest member of loanDepot’s executive team will work closely with its mello Innovation Lab, which houses more than 450 developers and engineers working to simplify the loan process.
Read on to learn about the background of loanDepot’s recent hire.
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Westcor appoints agency manager
Posted Date: Friday, March 23, 2018
Westcor Land Title Insurance Co. has appointed a Southern Virginia Agency manager to assist in increasing its footprint in the Mid-Atlantic market.
Read on for more details.
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Black Knight integrates FormFree
Posted Date: Friday, March 23, 2018
Black Knight has integrated FormFree’s asset verification service into its centralized application programming interface marketplace.
Read on for more details.
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Underwriter hires regional counsel
Posted Date: Friday, March 23, 2018
A national underwriter has hired a regional underwriting counsel for its Southeast region.
Read on for more details.
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Blockchain real estate transaction completed
Posted Date: Wednesday, March 21, 2018
A Blockchain startup which earlier this year launched a pilot program with the City Clerk’s Office in South Burlington, Vt., said it has completed a real estate deal recorded with the technology. The technology provider said the deal was facilitated by its smart contract real estate transaction tool and its Blockchain registry.
Read on for more details about the transaction.
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Title Financial acquires two title companies
Posted Date: Wednesday, March 21, 2018
Title Financial Corp. (TFC) has acquired the largest title and escrow company in Southeastern Montana.
TFC said the acquisitions create a geographic network that will facilitate a seamless and convenient real estate experience.
The CEO of the acquired companies has joined TFC’s executive team. Read on for more details about the latest agencies to join TFC’s family of companies.
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AmTrust’s credit rating unchanged by privatization bid
Posted Date: Wednesday, March 21, 2018
A.M. Best said AmTrust Financial Services, Inc.’s Long-Term Issuer Credit Rating of “bbb” was unchanged by the closing of the sale of a 51 percent interest in a portion of company’s U.S.-based fee businesses.
Earlier this year, the families who own a significant share of AmTrust proposed buying the company’s outstanding shares and going private.
Read on for more details.
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Loan originations dipped during fourth quarter
Posted Date: Wednesday, March 21, 2018
Several cities in California and Colorado had huge declines in loan originations during the fourth quarter of 2017.
Read on for more details from an ATTOM Data Solutions’ report.
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Cloudstar names VP of sales
Posted Date: Wednesday, March 21, 2018
Cloudstar has hired a former JP Morgan Chase manager to serve as vice president of sales.
Read on for more details.
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