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October 23, 2023
The Title Report Print Edition
October 23, 2023


How would government shutdown affect title, home sales?
Posted Date: Friday, September 29, 2023

A looming U.S. government shutdown could throw a wrench into home transactions during an already-suppressed volume period, creating delays in loan approval and even halting approvals in certain scenarios.

Knight Barry Title CEO and President Craig Haskins sat down with The Title Report to go over his personal experiences during previous shutdowns and what title companies can do to better prepare.

Read on to find out more information.


Sekady launches new payment platform, finds title partner
Posted Date: Friday, October 6, 2023

Idaho-based Sekady is putting forth a new payment platform, which just launched this month and is already being put to use by its first title company.

Sekady Marketing Director Seth Hanson detailed future plans for the platform with The Title Report, saying further partnerships and integrations are on the horizon.

Read on to find out more information.


PropLogix acquires Florida due diligence service provider
Posted Date: Friday, October 6, 2023

Florida-based title production technology provider PropLogix has acquired a due diligence services company that also resides in the Sunshine State, leaders recently announced.

The acquired company formerly worked as a PropLogix channel partner, with the acquisition now giving users direct access to PropLogix’s range of offerings and customer service.

Read on to find out more information.


NotaryCam approved for RON services in Delaware
Posted Date: Friday, October 6, 2023

Remote online notarization (RON) provider NotaryCam, a Stewart subsidiary, has gained approval from Delaware state officials to offer RON services to publicly registered notaries.

In gaining approval, NotaryCam provided department staff with a demonstration of its platforms and features that covered specific state requirements including tamper-evident documents, an audit trail and identify proofing.

Read on to find out more information.


FNTI appoints new Midwest region underwriting counsel
Posted Date: Friday, October 6, 2023

First National Title Insurance Co. is bringing on a new Midwest region underwriting counsel who will assist agents in Kansas, Missouri, Nebraska, Illinois, North Dakota, South Dakota, Minnesota and Wisconsin.

Read on to learn more. 

SitusAMC warehouse lending system available through cloud
Posted Date: Friday, October 6, 2023

SitusAMC has made its warehouse lending system available through a cloud-based software-as-a-service (Saas) platform.

Read on to find out more.


Redfin: New listings hold up as mortgage rates soar
Posted Date: Friday, October 6, 2023

A homebuyer on a $3,000 monthly budget has lost nearly $40,000 in purchasing power over the last year, as mortgage rates have risen from around 6.5 percent to nearly 8 percent, according to Redfin.

Read on to find out more.


Real estate attorney shows how tech bolsters disaster prep, fraud prevention
Posted Date: Thursday, October 5, 2023

Benefits of adopting technology in disaster preparedness and fraud prevention were detailed by Jaime Kosofsky, founding partner at Brady & Kosofsky, during the recent Land Title Association of Colorado convention.

Embracing tech advancements combined with due diligence from employees can go a long way in stamping out fraudulent practices such as seller impersonation scams, Kosofsky said.

Read on to find out more information.


Futura Title & Escrow expands AmeriTitle brand in Oregon
Posted Date: Thursday, October 5, 2023

AmeriTitle, part of the Futura Title & Escrow Family of Companies, acquired an Oregon-based title agency to expand its already significant Pacific Northwest footprint.

Businesses operating under the Futura umbrella now occupy 75 offices across more than 60 counties in Idaho, Oregon, Montana, Washington and Wyoming.

Read on to find out more information about the acquisition.


AccuTitle talks 1099 changes
Posted Date: Thursday, October 5, 2023

AccuTitle Executive Vice President of Product Data and Management Rick Vaughan offered advice on how to navigate recent changes to Internal Revenue Service 1099-S reporting.

Vaughan detailed new IRS electronic filing capabilities as well as the government lowering its 1099-S form threshold that triggers eFiling requirements.

Read on to find out more information.


Closed Escrow brings on VP, senior escrow officer
Posted Date: Thursday, October 5, 2023

Southern California-based Closed Escrow has appointed a new vice president and senior escrow officer who also carries expertise in probate, trust sales, conservatorship and Estate Act transactions.

Read on to find out more.


Cross River Bank, paymints.io add real-time payments
Posted Date: Thursday, October 5, 2023

Real-time payment capabilities through The Clearing House’s RTP network have been implemented by Cross River Bank and paymints.io. The companies announced their partnership earlier this year.

Read on to learn more.


Redfin: Most think purchasing a house more stressful than dating
Posted Date: Thursday, October 5, 2023

Divorce and finding a new job were the only two life events that a majority of respondents said are more stressful than purchasing a home, according to a Redfin survey.

Read on to learn more.


Qualia launches wire fraud detection product
Posted Date: Tuesday, October 3, 2023

Qualia Shield, a new wire fraud detection solution from Qualia, is designed to provide title companies with the first fully integrated funding, disbursement, and fraud detection product.

The real estate industry suffered more than $396 million in adjusted losses in 2022 as a result of business email compromise scams, an increase from previous years.

Read on to find out more information.


Boston real estate law firms announce merger
Posted Date: Tuesday, October 3, 2023

Boston-based law firms Ligris + Associates PC and Adelson, Loria & Weisman PC have announced a merger, with the combined company carrying the Ligris + Associates name.

Leaders said this merger expands Ligris’ capabilities in matters involving the purchase, sale, development and leasing of property while also bolstering title agent, title insurance and expert witness services.

Read on to learn more.


iTitleTransfer introduces AOL-based loan closing platform
Posted Date: Tuesday, October 3, 2023

Arizona-based real estate technology company iTitleTransfer is putting forth an attorney opinion letter-based title transfer loan closing platform.

The new platform’s services include search and examination, proprietary risk scoring, curative services, insured attorney opinion letter, document preparation, escrow and loan closing, eNotary and eSign, eRecording and deed monitoring.

Read on to find out more information.


Action Title Research adds to business development team
Posted Date: Tuesday, October 3, 2023

A 20-year title industry stalwart has joined Action Title Research’s sales and business development team, the company announced.

Read on to learn more.


Accruit Technologies implements 1031 exchange software for Asset Preservation
Posted Date: Tuesday, October 3, 2023

Accruit Technologies, a provider of 1031 SaaS solutions, completed its implementation of Exchange Manager Pro(SM), for Asset Preservation Inc., a Stewart company.

Read on to find out more.


ATTOM: Home affordability worsens in Q3
Posted Date: Tuesday, October 3, 2023

Major homeownership expenses are consuming 35 percent of average wages nationwide, reaching a decade high, according to ATTOM.

Read on to find out more.


Northwest Union Title opens in Ohio
Posted Date: Friday, September 29, 2023

Ohio-based Northwest Title opened Northwest Union Title, serving the Dayton market. It will specialize in serving credit unions, the company recently announced.

 

Northwest Title now operates more than 20 offices across Ohio and Kentucky after this addition and acquiring a southern Ohio law firm and title businesses earlier this year.

 

Read on to find out more information.


New report shows steady progress on cybersecurity, ‘balancing act’ challenges
Posted Date: Friday, September 29, 2023

New data from CompTIA shows significant progress on cybersecurity across all business sectors, but also “balancing act” challenges in weighing security measures versus productivity and efficiency.

Respondents also acknowledge that stakes have grown dramatically with the number of cybercriminals and threats skyrocketing alongside companies taking on more data.

Read on to find out more information.


Stewart commercial services appoints national sales director
Posted Date: Friday, September 29, 2023

Stewart National Commercial Services has promoted from within to find a new national sales director and brought on a fresh face as regional manager for southern California.

Read on to learn more.


Settlor integrates with ‘Big Four’ underwriters
Posted Date: Friday, September 29, 2023

Settlor, a title, closing and escrow accounting suite, has integrated with underwriters First American, Stewart, Old Republic and Fidelity, the company announced.

Read on to find out more information.


Redfin: Record share of homebuyers relocating, many to climate change-afflicted areas
Posted Date: Friday, September 29, 2023

Redfin reports Sacramento, Calif., and Las Vegas, which grapple with extreme heat, are the most popular destinations for relocating homebuyers.

Read on to learn more.



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