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Incenter acquires Agents National
Posted Date: Thursday, October 5, 2017
Less than a year after purchasing Boston National, a subsidiary of private equity giant Blackstone Group has signed a purchase agreement to acquire Agents National Title Insurance Co.
Known for its software system that connects and coordinates all aspects of the real estate transaction, ANTIC’s headquarters will remain in Columbia, Mo.
Read on to learn who will lead the company and when the deal is expected to close.
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Equity National Title launches eClosing hub
Posted Date: Thursday, October 5, 2017
The industry is moving toward an electronic mortgage process, but individual counties and states are moving at their own pace. Knowing what is allowed in each jurisdiction can be confusing.
Equity National Title has launched a website designed to advise mortgage lenders about the various digital closings options available within each ZIP code.
Read on to learn how Equity believes its new website will simplify some decision making.
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Existing home sales decrease
Posted Date: Thursday, October 5, 2017
Tight inventories plus the disruption caused by Hurricanes Harvey and Irma likely caused a dip in the sales of existing homes during September.
Read on to learn more details from the latest Ten-X Residential Real Estate Nowcast.
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FNTG hires agency account manager
Posted Date: Thursday, October 5, 2017
Fidelity National Title Group has hired an agency account manager to develop business and support agents throughout Central Florida.
Read on to learn who the company selected.
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CSC adds 44 counties to eNetwork
Posted Date: Thursday, October 5, 2017
CSC has expanded its eRecording network with the addition of 44 counties.
Read on to learn where the new counties are located.
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Survey: Borrowers embracing online, digital interaction
Posted Date: Monday, October 2, 2017
A new survey by sales acceleration platform Velocify found that borrowers who were provided an online portal were twice as likely to say technology improved the loan process as those who were not provided this option.
The survey also found that while borrowers enjoy self-service options during the research process, they still expect help from mortgage professionals as the loan process progresses.
Read on for more details from the survey.
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HSF names chief operating officer
Posted Date: Monday, October 2, 2017
HSF Affiliates has selected the former CEO of Realtor.com and the past president and co-owner of Murphy Realty Better Homes and Gardens to oversee the growth strategy of Real Living Real Estate.
The new chief operating officer has served as a consultant with HSF for the past two years and helped create national marketing systems for NRT, Coldwell Banker, Century 21 and ERA.
Read on for more details.
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Westcor appoints underwriting counsel
Posted Date: Monday, October 2, 2017
Westcor Land Title Insurance Co.’s new underwriting counsel for its Western Agency Region has more than 25 years of underwriting experience.
Read on for more details.
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Docutech, Simplifile partner
Posted Date: Monday, October 2, 2017
Docutech and Simplifile have partnered to create an eClosing solution that allows each transaction to be as digital as possible while maintaining a standardized process on every loan.
Read on for more details about this collaboration.
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Meridian reacts to CFPB enforcement
Posted Date: Thursday, September 28, 2017
An investigation by the Consumer Financial Protection Bureau alleged that Indiana-based Meridian Title steered thousands of customers to a title insurer partially owned by three of its executives without disclosing that relationship to consumers.
The company denied any wrongdoing in a statement to The Title Report, but will be paying $1.25 million in consumer redress for its actions.
Read on for more details from the consent order released with the enforcement action as well as other reaction from the company.
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Snapdocs launches new hybrid closing capabilities
Posted Date: Thursday, September 28, 2017
Snapdocs has launched an all-in-one solution that enables traditional, hybrid and fully digital closings.
The company also has created a network of digital-ready national settlement companies, including WFG Lender Services, Equity National Title and Boston National Title.
Read on to learn why the company’s CEO believes it’s critical to have a single platform for every type of closing.
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Home price appreciation higher in hazard areas
Posted Date: Thursday, September 28, 2017
A new report found that homeowners in cities with high risks of natural hazards have more equity and tend to keep their homes for longer.
Read on for more details for the ATTOM Data Solutions’ report.
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ServiceLink partners with Roostify
Posted Date: Thursday, September 28, 2017
A new integration will enable lenders, consumers and all mortgage participants to access ServiceLink’s transaction services through Roostify’s digital platform.
Read on for more details.
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NFM Lending selects Loan Vision
Posted Date: Thursday, September 28, 2017
A Maryland-based lender said it selected Loan Vision to increase its efficiency and to improve its reporting capabilities.
Read on for more details.
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CFPB orders title agent to pay $1.25 million
Posted Date: Wednesday, September 27, 2017
An investigation by the Consumer Financial Protection Bureau found that an Indiana title agent steered thousands of customers to a title insurer partially owned by three of its executives without disclosing that relationship to those consumers.
The bureau said the title agent collected money it was not entitled to based on those referrals.
Read on to learn corrective action the bureau has demanded from the company.
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Missouri LTA honors Chris Elliott
Posted Date: Tuesday, September 26, 2017
At its recent annual convention, the Missouri Land Title Association announced its annual awards and installed its new board members.
But the highlight of the event was awarding the first Missouri Title Professional Designations, and outgoing MLTA President David Townsend awarded the first designation posthumously to Chris Elliott.
Read on for more.
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National title provider moves into Keystone State
Posted Date: Tuesday, September 26, 2017
A national title insurance provider based in New York now is licensed to do business in Pennsylvania.
With the addition of the Keystone State, the title agency now holds licenses in in New York, New Jersey, Florida, Washington D.C., Pennsylvania and Illinois.
Read on to learn why one of the company’s vice presidents said the expansion is needed.
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Integrity Title grows its title plant access
Posted Date: Tuesday, September 26, 2017
The largest provider of title plant access in Texas, Integrity Title Records has added a dozen counties in the Texas panhandle to its list of jurisdictions.
The company’s vice president of business development said the added counties have records to sovereignty including a full library of document images and Grantor Grantee Indexes.
Read on to learn which new title plants have been added.
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Credit union launches title insurance subsidiary
Posted Date: Tuesday, September 26, 2017
A national credit union with 72 locations in Texas, Colorado and Utah has launched a title insurance subsidiary.
The credit union will offer title insurance and settlement services for both its members and the general public. The credit union’s CEO said the subsidiary hopes to build a reputation as the ‘go to’ title company in the markets it serves.
Read on for more details.
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August foreclosures increase
Posted Date: Tuesday, September 26, 2017
After hitting an all-time low in July, foreclosure filings increased during August.
Read on to learn which cities and states were hit particularly hard.
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TitleTap hires business development director
Posted Date: Tuesday, September 26, 2017
TitleTap’s new director of business development has been a consultant and trainer for both title companies and underwriters.
Read on for more details.
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Home prices continue to rise
Posted Date: Tuesday, September 26, 2017
Home prices continued an upward march in July, with prices in Washington and Utah increasing by double digits.
Read on for more details from CoreLogic’s report.
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Alabama title company expands
Posted Date: Thursday, September 21, 2017
A Birmingham, Ala.-based title company has opened a second office in the state and hired a vice president to oversee it.
In addition to offering title and closing services, the new office will assist customers with probate issues, title clearance, contract review, commercial and residential closings, 1031 exchanges, refinances and reverse mortgages.
Read on to learn who will lead the new team.
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NFIB: Start tax reform with small businesses
Posted Date: Thursday, September 21, 2017
During testimony before the U.S. Senate’s Finance Committee, National Federation of Independent Business President and CEO Juanita Duggan said small businesses need rate parity, lower taxes, and a simplified code.
Many pro-business groups have expressed disappointment that Congress has not passed comprehensive tax reform, which was one of the new administration’s stated priorities.
Read on to learn more from Duggan’s testimony.
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Black Knight launches new TitlePoint
Posted Date: Thursday, September 21, 2017
Black Knight Financial Services has merged the technology behind its TitlePoint and TitlePoint Xpress into a platform that allows users to access both applications through a single interface.
The company said the combined platform offers leading-edge, automated capabilities to conduct comprehensive title searches and manage orders.
Read on for more details about TitlePoint version 5.0.
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Housing starts improve
Posted Date: Thursday, September 21, 2017
Both building permits and housing starts posted year-over-year increases during August, according to the U.S. Census Bureau.
Read on for more details.
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AmTrust expanding presence at Big Apple address
Posted Date: Wednesday, September 20, 2017
By the end of the year, AmTrust Title Insurance Co. will significantly expand its presence at an iconic building that once housed the New York Daily News and was made famous by a large globe featured in the original Superman television series.
Read on to learn what AmTrust’s senior executive vice president said necessitated the move.
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Howard Hanna acquires Michigan brokerage
Posted Date: Wednesday, September 20, 2017
Howard Hanna Real Estate Services has expanded its roster of companies with the addition of a Michigan real estate company.
The acquired company has been in business for more than 45 years and has more than 70 employees at two offices.
A Howard Hanna executive said the new company will help it grow in Michigan. Read on for more information about the acquired company.
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Florida welcomes new title agency
Posted Date: Wednesday, September 20, 2017
A new title agency that can perform timeshare transfers in 23 states, Mexico, the Caribbean, plus other locations around the world, has opened in Orlando, Fla.
The new company is a title agency for Fidelity National Title Insurance Co. and bills itself as one of the largest independent, national title agencies serving the timeshare community.
Read on to learn about the company’s founders.
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NTC officer joins PRIA board
Posted Date: Wednesday, September 20, 2017
The Property Records Industry Association has elected the chief legal officer of Nationwide Title Clearing to serve on its board.
Read on for more details.
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Mortgage fraud risk increases
Posted Date: Wednesday, September 20, 2017
During the second quarter of 2017, an increasing percentage of mortgage applications contained indications of fraud.
Read on for details from a CoreLogic report.
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AmTrust appoints agency manager
Posted Date: Wednesday, September 20, 2017
AmTrust Title Insurance Co. has hired an agency manager covering the Midwest who previously managed 1,100 agents.
Read on for more details.
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