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December 2, 2024

The Title Report Edition
December 2, 2024
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Flueid aims to ‘demystify’ verification of title
Posted Date: Monday, November 18, 2024

Flueid CEO Peter Bowman spoke with The Title Report about “demystifying” the verification of title and advancements made to the process under his watch.

Bowman emphasized that the title industry is at a pivotal moment, where risk assessment through decisioning platforms can be both better understood and widely accepted.

Read on to find out more information.


Closinglock COO speaks on new wire fraud insurance offering
Posted Date: Thursday, November 21, 2024

Closinglock Chief Operating Officer Weston Conway sat down with The Title Report to detail his company’s new wire fraud insurance geared specifically toward real estate transactions, citing its role in increased security and transparency.  

The new insurance provides real-time feedback within the Closinglock platform, giving users clarity on coverage for individual transactions.

Read on to find out more information.


Voyager Title partners with case management system provider for expansion
Posted Date: Thursday, November 21, 2024

Indiana-based Voyager Title is partnering with case management system provider CaseMax on a multi-state expansion, company leaders announced.

Voyager Title leaders said they chose CaseMax for its easy integration solutions, allowing the company to quickly implement the system in new states and optimize workflows without the need for extensive customization.

Read on to find out more information.


Sun Title opens new Michigan office
Posted Date: Thursday, November 21, 2024

Grand Rapids, Mich.-based Sun Title has opened a new office in its home state that company leaders say is Sun Title’s most technology-enabled to date.

The new office will offer expanded digital closing options with efforts made to create closing experiences tailored for each individual client, according to company leaders.

Read on to find out more information.


ROC Title taps VP of sales
Posted Date: Thursday, November 21, 2024

Nevada-based ROC Title has appointed a new vice president of sales who will lead team members in the company’s home state as well as Arizona.

Read on to learn more information.


Pavaso earns SOC 2 Type 2 certification
Posted Date: Thursday, November 21, 2024

Digital real estate closing provider Pavaso achieved SOC 2 Type 2 certification, demonstrating adherence to top cybersecurity and data control standards.

Read on to find out more.


Zillow: Short-lived mortgage rate relief boosted affordability
Posted Date: Thursday, November 21, 2024

New data from Zillow shows September’s brief mortgage rate reprieve causing a significant boost in affordability for homebuyers.

Read on to find out more.


Report: Title industry continues to struggle retaining younger workers
Posted Date: Tuesday, November 19, 2024

PropLogix’s annual State of the Title Industry Report points to a continued drop in the number of younger title insurance workers, while the share of older workers continues to rise.

Respondents also cited continued uncertainty over interest rates and the broader economy as well as title insurance alternatives as ongoing concerns regarding future business.

Read on to find out more information.


Splitero expands into ‘equity-rich’ Arizona
Posted Date: Tuesday, November 19, 2024

Home equity fintech company Splitero has expanded operations into Arizona, with leaders calling the move a response to an equity-rich state market.

Splitero currently operates in California, Colorado, Oregon, Utah, Washington, and now Arizona, with plans to expand into additional states in 2025.

Read on to find out more information.


AI: Revolutionizing the eClosing space
Posted Date: Tuesday, November 19, 2024

Jay Roberts of Premier Data Services and Robert Zwink of Razi Exchange spoke to The Title Report on artificial intelligence’s role in making the eClosing process more efficient and secure.

Comments pointed to a need for multiple solutions: one that works for smaller operations, or single brands, as well as one that fits the needs of larger, more complex organizations.

Read on to find out more.


Dark Matter Technologies announces CEO transition
Posted Date: Tuesday, November 19, 2024

Dark Matter Technologies will move forward with plans to replace its CEO as its current chief executive moves to a new role within the company.

Read on to learn more.


Proof launches solution to detect deepfakes
Posted Date: Tuesday, November 19, 2024

Proof is putting forth a new solution that blends human-led assistance with technology that can detect fraudulent deepfake videos.

Read on to find out more.


Redfin: Existing home sales post biggest increase in almost 3 years
Posted Date: Tuesday, November 19, 2024

Redfin reports existing home sales rose 1.6 percent month-over-month in October to a seasonally adjusted annual rate of nearly 4.2 million and are on track to finish this year higher than last year.

Read on to find out more.


Lighthouse Title Group acquires Wisconsin title group
Posted Date: Monday, November 18, 2024

Lighthouse Title Group has expanded its footprint in Wisconsin through the acquisition of a six-agency title group established more than 30 years ago.

Since its founding in Holland, Mich., in 2001, Lighthouse Title Group has completed more than 15 acquisitions, contributing to its network of 60-plus locations in Michigan and Wisconsin.

Read on to find out more information.


NFIB: Small-business optimism on the rise in October
Posted Date: Monday, November 18, 2024

Main Street owners feel more confident as they enter the holiday season, according to new data from the National Federation of Independent Business.

Read on to find out more.


Report: Digital closings create up to 10 BPS pricing advantage for lenders
Posted Date: Monday, November 18, 2024

A recent study from Snapdocs and Falcon Capital Advisors identified pricing gains due to faster loan delivery as one of eight factors contributing to value of digital closings.

Read on to learn more information.


Next Wave Title appoints business development officer
Posted Date: Monday, November 18, 2024

Florida-based Next Wave Title has tapped a 30-plus-year industry veteran as its new business development officer, with responsibilities including compliance and risk management.

Read on to learn more.


ATTOM: Opportunity Zones keeping up with broader housing market
Posted Date: Monday, November 18, 2024

Median home values went up during the third quarter in the majority of Opportunity Zones across the country, according to property data curator ATTOM.

Read on to find out more.


LandLock unveils tool to combat title theft
Posted Date: Tuesday, November 12, 2024

New York-based LandLock has put forth a tool to combat title fraud, with features including attachment of property owners’ identities to their titles without compromising personal information.

Company property director Raymond Cohen sat down with The Title Report to detail what makes LandLock unique among a growing field of fraud prevention products.

Read on to find out more information.


Radian Group reports Q3 title segment growth
Posted Date: Tuesday, November 12, 2024

Radian Group showed title segment growth in terms of revenue and net premiums earned in the third quarter, improving from the second quarter of this year and third quarter of 2023.

Companywide adjusted pretax operating income reached $199 million for Q3 2024, or $1.03 per diluted share, compared with $210 million, or $1.04 per diluted share, for the same period last year.

Read on to find out more.


U.S. Title Solutions expands beyond New Jersey
Posted Date: Tuesday, November 12, 2024

New Jersey-based U.S. Title Solutions announced its expansion into two new states. Expanded services are set to include title insurance, title search and closing settlement.

U.S. Title Solutions was founded nearly 25 years ago, with leaders attributing the new expansion to continuing increased demand for services in neighboring states.

Read on to find out more information.


Title experts speak on fraud prevention techniques
Posted Date: Tuesday, November 12, 2024

An October Research webinar titled “Fraud Threats Facing the Title Industry” invited multiple experts to delve into the prevalence of fraud and offer advice on prevention techniques.

Read on to find out more information.


Verus Title appoints president, chief operating officer
Posted Date: Tuesday, November 12, 2024

Verus Title, a subsidiary of Fathom Holdings, Inc., has brought on an industry veteran to serve as president and promoted to fill its chief operating officer seat.

Read on to find out more.


Redfin: Agent commissions holding steady after NAR settlement takes effect
Posted Date: Tuesday, November 12, 2024

Implementation of new rules related to the National Association of Realtors’ Sitzer-Burnett settlement aren’t affecting agent commissions so far, according to a Redfin report.

Read on to find out more.


Fed announces new rate cut at November FOMC meeting
Posted Date: Friday, November 8, 2024

The Federal Reserve announced another federal funds rate cut during its November Federal Open Market Committee meeting. Leaders shared thoughts on what to expect in regard to inflation and possible ensuing rate cuts.

Further reductions will be dependent on the results of ongoing assessments, incoming data, economic conditions and risks, Fed officials said.

Read on to find out more.


Investors Title Co. revenue up in Q3
Posted Date: Friday, November 8, 2024

Investors Title Co. recorded a year-over-year revenue increase in the third quarter as well as an income jump for the first nine months of 2024, according to a new earnings report.

Net premiums written increased primarily due to expansion efforts in Texas and Florida markets, the company said, in addition to appreciation in average home prices and higher activity levels related to interest rate cuts.

Read on to learn more.


Howard Hanna acquires pair of real estate firms
Posted Date: Friday, November 8, 2024

Howard Hanna Real Estate Services has acquired a pair of real estate firms, one in South Carolina and another in Ohio, the company announced.

The deals will provide Howard Hanna services to the real estate firms’ clients including title insurers and LeadingRE’s global relocation network as well as mortgage programs.

Read on to find out more information.


CloseSimple, Docusign partner on eSigning
Posted Date: Friday, November 8, 2024

CloseSimple and Docusign have agreed to a multi-year partnership to integrate Docusign eSigning capabilities across CloseSimple’s product suite.

Read on to find out more.


Select Lending Services adds divisional sales manager
Posted Date: Friday, November 8, 2024

CMG Financial joint venture Select Lending Services has brought on a divisional sales manager to lead a new branch location stemming from a recent partnership agreement.

Read on to find out more.


Redfin: Pending home sales held steady in lead-up to election
Posted Date: Friday, November 8, 2024

While home sales remained mostly resilient to election jitters and rising rates, Redfin agents reported some house hunters were waiting to find out more about the direction of the country and economy before making a decision.

Read on to find out more. 



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