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The Title Report Print Edition
January 25, 2016
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Millennials changing the way agents close
Posted Date: Sunday, January 17, 2016
Although millennials and younger homebuyers aren’t dominating the housing market yet, research suggests they soon might, and their transactions could be very different than their parents’ transactions have been. The Title Report spoke with several title insurance agents and a technology company about how they are preparing for this upcoming force in the market.
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Conversations with the C-Suite: NATIC sharpens focus on current agents
Posted Date: Sunday, December 20, 2015
Welcome to our latest Conversations with the C-Suite feature, exclusive to The Title Report. These will appear not only in our editions, but in The Title Report’s eNewsletters and TheTitleReport.com.
In these features, we will be talking to the leaders of the industry about their thoughts on the industry, plans for the future and what title agents need to know to succeed.
In this edition, North American Title Insurance Co. (NATIC) President Emilio Fernandez spoke with The Title Report about the company’s priorities in 2016.
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Economic experts see growth in 2016
Posted Date: Tuesday, January 12, 2016
October Research, LLC looked to industry experts to learn their thoughts about the economy and what we can expect in 2016. These include Freddie Mac Chief Economist Sean Becketti and Fed Governor William C. Dudley. Read on to learn more.
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Old Republic Title Holding Co. names president
Posted Date: Tuesday, January 5, 2016
Mark Bilbrey, president of Old Republic National Title Insurance Company (ORNTIC), named a new leader to the Old Republic Title Holding Co. and its subsidiaries. She will lead Old Republic Title’s direct and agency operations in the western states. Read on to learn more.
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LandAmerica completes bankruptcy
Posted Date: Thursday, January 7, 2016
LandAmerica’s bankruptcy now is completed, seven years after the third-largest title insurer at the time in the U.S. filed. Keep reading to learn more.
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TitleVest expands, enhances Westchester office
Posted Date: Thursday, January 7, 2016
TitleVest, a New York City-based title company and member of the First American family of companies, expanded and enhanced its Westchester County, N.Y., office. The new office will serve the company’s growing client base in Putnam, Orange, Rockland and Dutchess counties, according to its announcement. Read on to learn more.
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Paramount Title opens new office in central Florida
Posted Date: Thursday, January 7, 2016
Paramount Title is expanding its statewide reach by opening a new office in Ocala, Fla. The office is strategically located in Marion County to serve existing clients, the company said, and provide coverage for several builder accounts. Keep reading to learn more.
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Rochester Title & Escrow relocates
Posted Date: Sunday, January 3, 2016
Rochester Title & Escrow Co., announced it has moved its main Rochester office. The building will accommodate many more closings. Read on to learn more.
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Auction.com predicts December home sales
Posted Date: Tuesday, January 5, 2016
Auction.com released its latest Residential Real Estate Nowcast, projecting existing home sales for the month of December. Chief Economist Peter Muoio pointed to the presence of several positive underlying fundamentals that typically lead to home sales. Read on to learn more.
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SoftPro partners with CSC for eRecording
Posted Date: Tuesday, January 12, 2016
SoftPro now is integrated with CSC for eRecording with its business exchange platform, SoftPro 360. SoftPro users are able to transmit electronic real estate documents to jurisdictional recording offices throughout the nation. Read on to learn more.
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DocVerify integrates NeoCertified secure email
Posted Date: Sunday, January 10, 2016
DocVerify has integrated NeoCertified Secure Email into its eSignature product to allow customers to sign and submit documents utilizing a protected electronic signature directly from the cloud. This partnership will bolster digital defenses to help prevent data breaches, the company said. Read on to learn more.
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New York expands eRecording to two counties
Posted Date: Sunday, January 10, 2016
Simplifile, an eRecording service, now is available to customers in Broome and Monroe counties in New York. One county said its hope is to reduce the amount of paper needing to be processed and returned. Keep reading to learn more.
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Fraud and misrepresentation risk concentrating in Florida, says FAF defect index
Posted Date: Sunday, January 3, 2016
Increased risk of fraud in Florida was in-part driven by higher concentration of sales to investors, according to First American’s Chief Economist Mark Fleming. The company’s Loan Application Defect Index for November 2015 estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. Read on to learn more.
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Westcor adds EVP and senior underwriter
Posted Date: Thursday, January 7, 2016
Westcor Land Title Insurance Co. appointed an executive vice president to provide senior leadership to the company investor services and a vice president, senior underwriting counsel. She will be responsible for underwriting in the states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. Read on to learn more.
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Title Alliance quickly growing team
Posted Date: Sunday, January 3, 2016
In an effort to lay the groundwork for strategic growth in 2016, Title Alliance has announced a number of appointments to leadership positions including the naming of a regional director Dec, 29th. It is the company’s fourth leadership appointment in December. Read on to learn more.
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PYA adds director, best practices group
Posted Date: Thursday, January 7, 2016
Pershing Yoakley & Associates (PYA) appointed a new director to its ALTA Best Practice assessments group. His background as a state regulator for the insurance industry will enhance the title insurance and settlement company services PYA already offers and allows for an expanded consulting service. Keep reading to learn more.
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LenderLive names regional account executive
Posted Date: Sunday, January 10, 2016
LenderLive, a domestic-based, end-to-end mortgage services provider, named Jenny Klamfoth regional account executive for the company’s correspondent lending division. She will work with current and prospective clients, primarily community banks and credit unions in Washington, D.C., Maryland, North Carolina, South Carolina and Virginia. Keep reading to learn more.
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Commercial, multifamily lenders expect strong 2016
Posted Date: Sunday, January 10, 2016
Commercial and multifamily mortgage lending is expected to increase in 2016, as lenders’ and borrowers’ appetites for new loans remain strong, according to a new Mortgage Bankers Association (MBA) survey of the top commercial and multifamily mortgage origination firms. Read on to learn more.
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Mortgage rates start 2016 below 4 percent
Posted Date: Sunday, January 10, 2016
Freddie Mac released the results of its Primary Mortgage Market Survey, showing mortgage rates mixed with the 30-year fixed rate falling back below 4 percent to start the year. Freddie Mac Chief Economist Sean Becketti credited this to concerns about overseas economic developments among other world events. Read on to learn more.
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Home prices up, CoreLogic says
Posted Date: Thursday, January 7, 2016
CoreLogic released its CoreLogic Home Price Index (HPI) and HPI Forecast data for November 2015, showing home prices are up both year-over-year and month-over-month. Home prices nationwide, including distressed sales, increased by 6.3 percent in November 2015 compared with November 2014. Read on to learn more.
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Pending home sales decline third time in four months
Posted Date: Tuesday, January 5, 2016
Pending home sales in November slightly declined for the third time in four months, as buyers continue to battle both rising home prices and limited homes available for sale, according to the National Association of Realtors. NAR’s chief economist says November’s dip in contract activity continues a modestly slowing trend seen since May. Read on to learn more.
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RealtyTrac: Buying often more affordable than renting
Posted Date: Tuesday, January 5, 2016
RealtyTrac released its 2016 Rental Affordability Analysis, showing that buying is still more affordable than renting in 58 percent of U.S. housing markets. The report also shows that the rise in rents is outpacing weekly wage growth in 57 percent of markets. Read on to learn more.
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