Cloudstar CEO provides insight into data breach response after FNF incident Monday, November 27, 2023 After Fidelity National Financial Inc. reported in a filing with the Securities and Exchange Commission it was the victim of a cybersecurity incident, Cloudstar CEO Gregory McDonald spoke exclusively with The Title Report about what might be happening in response.
McDonald said data security and forensic experts are going to help triage and “stop the bleeding” while isolating where the threat is coming from.
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Fathom Holdings’ third quarter revenue down year-over-yearMonday, November 27, 2023 Fathom Holdings Inc.’s third quarter earnings report shows a revenue decline from the third quarter of 2022 but growth in its real estate agent network amid multiple recent acquisitions.
Fathom completed approximately 10,303 real estate transactions in the third quarter 2023, a 14.7 percent decrease relative to the third quarter 2022.
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Report: Closing professionals juggling too muchMonday, November 27, 2023 PropLogix’s 2023 “State of the Title Industry” Report shows “juggling too many responsibilities” as the chief concern among more than 400 respondents.
The survey focused on how industry trends impact title professionals’ responsibilities, title production and outsourcing practices. Data shows the most outsourced title production piece to be municipal lien searches.
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Title Resources Group appoints new board membersMonday, November 27, 2023 Title Resources Group has made two additions to its board of directors, appointing a long-time industry chief financial officer and chief executive officer.
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Pythonic integrates with SoftProMonday, November 27, 2023 Pythonic Corp. is integrating its automated closing disclosure review and processing services with SoftPro 360, company leaders announced.
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ATTOM: October foreclosure activity remains steadyMonday, November 27, 2023 New data from ATTOM shows foreclosure starts down 7 percent month-over-month in October, while completed foreclosures declined less than 1 percent compared to September.
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Stavvy acquires SigniaDocumentsTuesday, November 21, 2023 Real estate fintech company Stavvy has made its second notable acquisition in the past few months, this time bringing Evolve Mortgage Services’ SigniaDocuments suite under its wing.
As part of the acquisition, two Evolve Mortgage Services executives will join Stavvy and play pivotal roles in the company’s continued growth.
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Anywhere title revenue drops in third quarter, still eclipses first quarterTuesday, November 21, 2023 Anywhere Real Estate Inc.’s recent third quarter earnings reports showed quarterly and year-over-year declines in title group revenue. Third quarter companywide revenue came in at $1.6 billion.
Title earnings in the third quarter dropped from quarter two but still eclipsed the first quarter. Anywhere said it expects the full year 2023 transaction volumes to decline about 15-20 percent year-over-year.
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Fathom Holdings appoints new CEO, board chairTuesday, November 21, 2023 Fathom Holdings, Inc. has announced its choice for a new CEO as its founder and former CEO, Joshua Harley, assumes a new role with the company. Personnel moves also led to a new board of directors chairman.
Harley founded Fathom Holdings in 2010. During his tenure as board chair and CEO, the company experienced unprecedented growth in revenue and agents while expanding nationwide.
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Flueid makes board of directors additionTuesday, November 21, 2023 Flueid has added a new member to its board of directors who brings experience in executive roles at companies including First American Financial Corp. and Zillow to the seat.
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Wescom Credit Union launches fixed rate feature HELOCTuesday, November 21, 2023 Wescom is offering a 0.50 percent APR conversion rate discount on a home equity line of credit balance utilizing the new fixed rate feature to combat rate hikes, the institution announced.
Wescom said its HELOC is unique because it gives members the ability to lock outstanding balances into a fixed rate, on a term of their choosing, without having to take out another loan.
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Redfin: Pending home sales at highest level in a year Tuesday, November 21, 2023 New listings were near their six-month high in October, helping drive an increase in pending sales, though homebuyers backed out of deals at the highest rate on record, according to Redfin.
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