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FNF Unplugged podcast hits 10,000-play mark
Posted Date: Tuesday, August 24, 2021
FNF Unplugged, the podcast from the Fidelity National Financial Family of Companies, crossed over the 10,000-play mark in less than a year.
The podcast, a production of FNF’s National Agency Operations team, debuted on Aug. 18, 2020, and has recorded 38 episodes. With its thousands of listens, the show has reached people in more than 30 countries.
Read on for more.
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Realogy Title Group revenue up 59 percent
Posted Date: Monday, August 23, 2021
Realogy Holdings Corp. generated revenue of $2.3 billion in the second quarter, an increase of 81 percent year-over-year, according to the company’s second-quarter earnings report.
Realogy Title Group generated $255 million in revenue, up $95 million, or 59 percent, year-over year. And title operating EBITDA was $55 million, a decrease of $6 million year-over-year.
Read on for more from the company’s second-quarter earnings report.
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Ghrist Law and Title joins Patten Title
Posted Date: Monday, August 23, 2021
Texas-based Patten Title Co. recently added Ghrist Law and Title Firm to its roster. This is Patten’s second fee attorney operation.
Ghrist Law and Title Firm brings six team members, including partner Ian Ghrist, to Patten. The firm has three branches, which means Patten Title now has 13 locations across Texas.
Read on for more details.
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NATIC names underwriting counsel for mountain region
Posted Date: Monday, August 23, 2021
North American Title Insurance Co. recently named an attorney with 20 years of transactional legal experience as its mountain regional underwriting counsel.
Read on for more about the new appointment.
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Homebuyer bidding-war rate drops
Posted Date: Monday, August 23, 2021
In July, 60.1 percent of home offers written by Redfin agents faced competition, down from a revised rate of 66.5 percent in June and a pandemic peak of 74.1 percent in April, according to a recent Redfin report. July’s bidding-war rate was the lowest since January.
Read on for more from the report.
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First American Title offers automated title engine
Posted Date: Friday, August 20, 2021
First American Title Insurance Co.’s Clear2Go automated title decision engine is available to title agents that underwrite with First American.
Clear2Go automates the title search, document collection and title examination, which enables a title agency to deliver same-day title commitments on eligible refinance or home equity transactions.
Read on for more about the new offering.
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Sturgis Bancorp income increases in second quarter
Posted Date: Friday, August 20, 2021
Sturgis Bancorp, whose holdings include Oak Title Services, reported its net income rose 1.8 percent from the second quarter of 2020 to the second quarter of 2021, according to the company’s latest earnings report.
Net interest income increased to $4.7 million in 2021 from $4.2 million in 2020, according to the report.
Read on for more from the second-quarter earnings report.
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American Digital Title gets A Prime rating
Posted Date: Friday, August 20, 2021
Demotech affirmed the financial stability rating of A’ (A Prime), Unsurpassed, for American Digital Title Insurance Co., which is owned by Munich Re Digital Partners U.S. Holding Corp.
A rating of A Prime is assigned to insurers who possess unsurpassed financial stability and the ability to maintain positive surplus.
Read on for more.
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As housing prices rise, affordability squeeze expected
Posted Date: Friday, August 20, 2021
Housing affordability improvements brought on by historically low mortgage rates are quickly evaporating as housing costs rise faster than incomes, according to a recent Zillow analysis. Affordability issues are expected to worsen by the end of the year, according to Zillow.
Read on for more.
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Lone Wolf acquires Terradatum
Posted Date: Thursday, August 19, 2021
Real estate software company Lone Wolf Technologies recently acquired Terradatum, a provider of real estate analytics software.
The acquisition brings a proven set of data analytics tools into the Lone Wolf Broker Cloud and bolsters the company’s efforts to broaden the availability and accessibility of predictive business intelligence for brokers, according to Lone Wolf.
Read on for more about the acquisition.
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NFIB: Labor shortage hits record high
Posted Date: Thursday, August 19, 2021
According to the National Federation of Independent Business (NFIB) most recent jobs report, 48 percent of small-business owners reported job openings they could not fill in July. That is a record high.
Business owners are also raising compensation to the highest levels in 48 years to try to attract employees, according to NFIB Chief Economist Bill Dunkelberg.
Read on for more from the report.
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Good Deed Closings launches new website
Posted Date: Thursday, August 19, 2021
Pittsburgh-based Good Deed Closings recently unveiled a new website. The site showcases the company’s strong sense of community and devotion to causes relating to veterans.
The title and closing company changed its name from Veterans Express Total Services Inc. last year to clearly define that it provides service to everyone, not only veterans.
Read on for more about the new site.
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bundle pairs with a360inc for management services
Posted Date: Thursday, August 19, 2021
Real estate document preparation services provider bundle entered into multi-year agreement with financial services solutions provider a360inc to administer management solutions for the business.
Read on for more.
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reQuire adds vice president of business development
Posted Date: Thursday, August 19, 2021
A 20-year-industy veteran recently joined reQuire Real Estate Solutions as vice president of business development. The new vice president will focus on growth of the company’s lien release tracking solution in the West.
Read on for more.
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Foreclosures decline slightly as moratorium nears end
Posted Date: Thursday, August 19, 2021
Foreclosure filings in July dipped 4 percent from June, according to ATTOM’s July 2021 U.S. Foreclosure Market Report. Numbers reflect the last month before the government moratorium is lifted.
Read on for more.
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First American title revenue up 44 percent
Posted Date: Tuesday, August 17, 2021
First American Financial Corp. reported total revenue for the second quarter of $2.3 billion, up 41 percent year-over-year, in its latest earnings report.
In its title insurance segment, total revenues in the second quarter were $2.1 billion, up 44 percent year-over-year. The segment posted a record pretax margin of 19.1 percent, the highest in the company’s history, according to CEO Dennis Gilmore.
Read on for more from the second-quarter earnings report.
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Startup launches cloud-based title platform
Posted Date: Tuesday, August 17, 2021
WahooCloud is the first fully cloud-based platform as a service (PaaS) software for the title industry, according to the company.
It recently launched a new suite of offerings Wahoo said streamlines the abstracting process, digitizes title searches, provides an information database and client management system, and brings “gig economy” payment processing to the industry.
Read on about the new offerings.
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@properties expands Into Dallas
Posted Date: Tuesday, August 17, 2021
Chicago-based residential brokerage firm @properties reached an agreement with Jerry Mooty, Jr., the nephew of Dallas Cowboys owner Jerry Jones, to establish a franchise in Dallas. It will be the company’s third franchise, the first in Texas.
Mooty said he intends to turn @properties into a major player in the Dallas-Fort Worth area.
Read on for more.
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WFG National Title adds Michigan underwriters
Posted Date: Tuesday, August 17, 2021
WFG National Title Insurance Co. recently added two underwriters in Michigan. They will serve as Michigan state counsel and national agency counsel.
Read on for more about the appointments.
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Months-long streak of record-breaking home prices ends
Posted Date: Tuesday, August 17, 2021
The five-month streak of record-setting home prices has ended, according to a recent Redfin report, as prices remained flat in July. It was the first time the median home-sale price did not set another record high since early March.
Read on for more.
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BlueSuit acquires, integrates DealStat
Posted Date: Friday, August 13, 2021
BlueSuit Technologies, Inc., recently completed its acquisition and integration of commercial real estate technology company DealStat REI, Inc. DealStat’s platform has been integrated into BlueSuit’s ExtractAPI, which delivers data from customers’ real estate transaction documents.
As part of the acquisition, DealStat’s founder and CEO joined BlueSuit’s executive team.
Read on for more about the acquisition.
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NS3 Preview: Innovation and compliance a top focus
Posted Date: Friday, August 13, 2021
During the last year, we have become even more keenly aware of the need to be innovative and stay in compliance with state and federal laws and regulations.
During this year’s National Settlement Services Summit (NS3) in Naples, Fla., industry experts will be sharing their expertise in different areas viewed through the lenses of innovation and compliance.
Read on for more about the NS3 sessions.
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NotaryCam partners with law firm
Posted Date: Friday, August 13, 2021
NotaryCam partnered with Texas-based law firm RUTH RUHL, P.C., to add remote online notarization (RON) to the firm’s loss mitigation services.
RUTH RUHL, P.C., works with mortgage servicers to provide state and federally compliant loss mitigation document preparation services. The RON platform will provide its clients with a secure eSign and eNotary process that will improve efficiency and reduce the risk of fraud, according to the firm.
Read on for more.
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RentPath appoints CEO
Posted Date: Friday, August 13, 2021
RentPath, acquired by Redfin in April, announced the appointment of a chief executive officer.
The new CEO has experience driving corporate strategy, sales, and technology innovation to deliver growth in rapidly evolving industries, according to Redfin, and served as CEO and a board director of ParkMobile since 2015.
Read on for more about the appointment.
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NexTitle adds head of people and culture
Posted Date: Friday, August 13, 2021
NexTitle recently added a head of people and culture to its team. The new hire held several senior human resources leadership roles before joining the company.
Read on for more.
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Stewart Title Guaranty hires southwest underwriting counsel
Posted Date: Friday, August 13, 2021
Stewart Title Guaranty Co. recently hired an underwriting counsel in the southwest region. The new hire will provide underwriting support and guidance with a focus on Texas transactions.
Read on for more.
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Homeowner equity surges in second quarter
Posted Date: Friday, August 13, 2021
Eight times as many properties were considered equity-rich in the second quarter than seriously underwater, according to ATTOM’s second-quarter 2021 U.S. Home Equity & Underwater Report. The improvements at both ends of the equity scale were the largest in two years, according to ATTOM, another sign of a healthy housing market.
Read on for more from the report.
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Land Services USA partners with Tempo Title
Posted Date: Thursday, August 12, 2021
New York-based Tempo Title recently partnered with Land Services USA of Philadelphia. The investment marks the 16th title agency to join the Tempo family and Tempo’s largest single transaction to date, according to the company.
Land Services will continue to operate independently under the Land Services USA banner.
Read on for more about the partnership.
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Old Republic Title posts all-time highs in second quarter
Posted Date: Thursday, August 12, 2021
Old Republic International Corp. (ORI) reported total net premium and fees in the second quarter hit just under $2 billion, up 29 percent year-over year.
The Old Republic National Title Insurance Co. posted all-time highs for the second quarter and year-to-date for both underwriting revenue and operating profit, according to President Carolyn Monroe.
Read on for more from ORI’s second-quarter earnings report.
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Vantage Point expands along West Coast
Posted Date: Thursday, August 12, 2021
Independent title company Vantage Point Title, Inc., continues to expand its national footprint by enhancing its California escrow license to now include Vantage Point Title of California, Inc., through an all-county California title license.
Vantage Pont also obtained title licenses in Washington and New Mexico and an escrow license in Oregon.
Read on for more about the company’s expansion.
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Home sale profits drop in second quarter
Posted Date: Thursday, August 12, 2021
Profit margins for homesellers took an unusual dip in the second quarter, according to ATTOM’s second-quarter 2021 U.S. Home Sales Report. Still, they were far above where were they were a year ago.
Read on for more from the report.
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Atlas Title now licensed in 20 states
Posted Date: Tuesday, August 10, 2021
Atlas Title Co. continues its expansion across the country. It is now licensed in 20 states and operational in eight. In May, it was licensed in six.
Atlas CEO Ron Frazier expects the California-based company to be licensed in close to 30 states by the end of 2021, its first year in business.
Read on for more about the company’s expansion.
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TitleLogix Solutions launches in Texas
Posted Date: Tuesday, August 10, 2021
TitleLogix Solutions, a software-as-a-service (SaaS) and web-based title information solution company, recently launched in Texas. The company has offices in the Dallas and Houston areas with plans to reach a nationwide audience.
An industry veteran has been appointed president and CEO of TitleLogix Solutions.
Read on for more information about the new company and CEO.
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