Industry News

Viking Sasquatch CEO Pat Carney and Product Manager Stephanie Davis spoke with The Title Report about the company’s new platform, created after they heard from title and escrow professionals looking for a way to speed up their reconciliation process and make it more efficient. They unveiled the new tool at the National Settlement Services Summit (NS3) June 16-18 in Pittsburgh. Read on for more.

American Eagle Title Insurance Co. announced its expansion into New Mexico, marking the sixth state in the company’s growing underwriting footprint. To support this growth, it has begun construction on a title plant in Otero County. Read on to learn more.

Blockchain company Balcony has signed a five-year agreement with the Bergen County Clerk’s Office in New Jersey to digitize and bring 370,000 property deeds on-chain — representing approximately $240 billion in real estate value. The initiative marks the largest blockchain-based deed tokenization project in U.S. history. Read on to learn more.

The National Federation of Independent Business Small Business Optimism Index increased by three points from April to May, but the Uncertainty Index rose two points. Two of the main reasons for the rise in optimism were expected business conditions and sales expectations. Read on to learn more.

October Research Chief Knowledge Officer and Keys to Real Estate podcast host Mary Schuster discussed why engagement between industry professionals and their regulators is so important while speaking with a pair of incredibly personable leaders of the National Association of Insurance Commissioners, which regulates the title insurance industry. Read on to learn more.

The American Land Title Association announced late Tuesday that Chris Morton has been named CEO, effective immediately. Morton succeeds Diane Tomb, who served as CEO for the past six years.

Covius Services LLC announced it has signed an agreement to acquire Title365 Holding Co. from Blend Labs Inc. Pending regulatory approval, the acquisition is expected to close in the coming months. Covius leaders explained some of the benefits that will be realized through the deal. Read on to learn more.

Shilo raised a $2.6 million seed round, with participation from angel investors and industry operators across real estate and proptech. Shilo is This funding will help pay for product development and go-to-market expansion for Shilo, an artificial intelligence assistant trained on the language, workflows, and psychology of real estate’s top performers. Read on to learn more.

Truly Title announced it has acquired a Texas title company in a move that leaders say will strengthen their presence in key regional markets and enhance their operational capabilities. Read on to learn more.

The National Federation of Independent Business’s (NFIB) May jobs report found that 34 percent (seasonally adjusted) of small-business owners reported job openings they could not fill in May, unchanged from April. Nearly half of these owners said there were few or no qualified applicants for the positions they were trying to fill. Read on to learn more.