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Lender panel tells agents, start TRID conversations now
Posted Date: Thursday, July 16, 2015
A panel of lenders talked about what to expect through TRID and after at the 2015 National Settlement Services Summit (NS3). They said communication between all the players in a transaction is going to be more critical than ever. Keep reading to learn more.
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Smaller agents get their say on TRID
Posted Date: Thursday, July 9, 2015
As representatives of their industry, trade associations have been lobbying the Consumer Financial Protection Bureau (CFPB) for months about TRID. The past two weeks, however, title agents large and small had their opportunity to make their voice heard as well. Read on to see what agents believe the CFPB should know about TRID.
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Pressure mounts as Senate adds hold-harmless bill
Posted Date: Thursday, July 9, 2015
With industry commenters clamoring for a restrained enforcement/safe harbor/hold-harmless period for the TILA-RESPA Integrated Disclosure rules, the Senate has taken steps to push the Consumer Financial Protection Bureau to adopt the period. Two senators introduced a hold-harmless bill this week. Read on to find out how this move could affect the CFPB’s decision.
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Regulators detail settlement form concerns, third-party liability
Posted Date: Thursday, July 9, 2015
When representatives from the Consumer Financial Protection Bureau, the Federal Trade Commission, the American Land Title Association and the Mortgage Bankers Association got together for an open forum at the National Settlement Services Summit, they didn’t just dig into TRID. They also discussed concerns on the settlement and lender side over additional settlement forms, as well as third-party liability, standardized mortgage data, and marketing services agreements. Read on for all their insight.
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Florida agent uses American Sign Language
Posted Date: Tuesday, July 7, 2015
Bilingual closings aren’t entirely uncommon. In his northern Florida title insurance agency, Stephen Collins does them often. He communicates using American Sign Language (ASL). Stephen Collins, owner and CEO of Land Title of America, Inc. spoke with The Title Report about his community. Keep reading to learn more.
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Expanding into new markets profitably
Posted Date: Sunday, July 12, 2015
At this year’s National Settlement Services Summit (NS3) Corporate Development Services Business Valuations Director Joe Piernock and Alliant National Title Insurance Co.’s Senior Vice President and Southeast Regional Manager Katherine Stevens offered tips to agents considering expansion. Research and communication are critical components. Read on to learn more.
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How to: Get more out of sales
Posted Date: Thursday, July 16, 2015
During his presentation at the 2015 National Settlement Services Summit, Greg Wright, founder and president of Wright Consulting Group, shared his insight into how title insurance agents can improve their sales. He said many come to him and say they have a marketshare problem or a competition problem, a location or tech problem, but it’s often the way we think about the problem that’s the actual problem. Read on to learn more.
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RedVision realigns CRM team
Posted Date: Tuesday, July 14, 2015
RedVision announced that it has completed the restructuring of its Customer Relationship Management team. The goal of the changes is to align resources across all points of the customer lifecycle, the company said. Read on to find out the details.
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FTC kicks off ‘Start with Security’ initiative
Posted Date: Tuesday, July 7, 2015
The FTC is expanding its efforts to help small to medium sized businesses protect consumers’ information through a new initiative. Representatives are traveling across the country providing guidance for businesses that draws on lessons learned in more than 50 data security cases. Read on to learn more.
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eLynx releases enhanced TRID-ready platform
Posted Date: Tuesday, July 14, 2015
eLynx announced its latest release of Expedite, a cloud-based platform for managing and delivering all loan documents. It will enable lenders to comply with the CFPB’s TRID rule, according to the company. Read on to learn more.
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MortgageFlex announces TRID release
Posted Date: Tuesday, July 14, 2015
MortgageFlex Systems, Inc. released a new TRID supportive version of its LoanQuest loan origination system. The company chose to maintain pre-TRID functions to preserve all of their customer’s existing system functionality while developing new Loan Estimate and Closing Disclosure forms. Keep reading to learn more.
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Arch Mortgage launches TRID Information Center
Posted Date: Sunday, July 12, 2015
Arch Mortgage Insurance Co. launched a new online resource to provide information and resources to lenders to help them prepare for the expected Oct. 3, 2015, launch of the CFPB’s TRID rule. Read on to learn more.
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GuardianDocs integrates with Calyx Software
Posted Date: Sunday, July 12, 2015
LenderLive Network Inc. integrated its GuardianDocs document preparation service with Calyx Software. Users now can order and complete initial disclosures and closing packages without leaving Point. Keep reading to learn more.
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MIS integrates title fees with Encompass
Posted Date: Thursday, July 9, 2015
In anticipation of the impending changes under the new TILA-RESPA Integrated Disclosure rules, Mortgage Information Services, Inc. successfully integrated its title insurance and settlement fees with Encompass360. MIS Regional Vice President David Stroop said integrations with Encompass360 offer clients an easier way to manage the title and closing process. Read on to learn more.
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MISMO pushes release schedule to November
Posted Date: Monday, July 20, 2015
The MISMO Residential Standards Governance Committee has announced that it will defer the release of Version 3.4 of the MISMO Reference Model to November 2015. This is a change from the previously announced date of July 2015. Read on to learn more.
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Stewart Title names new manager
Posted Date: Thursday, July 9, 2015
Stewart Title named a new group sales manager of Stewart Title Direct Operations. He will lead the company’s sales initiatives and strengthen customer relationships. Keep reading to learn more.
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Chicago Title Commercial adds director of marketing
Posted Date: Tuesday, July 14, 2015
To further its expertise and drive growth, Chicago Title Commercial hired a new director of marketing. She will work closely with the firm’s leadership to elevate the Chicago title Commercial brand. Keep reading to learn more.
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Residential, commercial real estate markets positive, Beige Book says
Posted Date: Thursday, July 16, 2015
All 12 Federal Reserve Districts indicated that economic activity was expanding from mid-May through June. Reports on residential and commercial real estate markets were positive, according to the July 15 Beige Book released by the Federal Reserve. Keep reading to see how real estate, construction and financial markets fared.
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Entrust expands into Ohio
Posted Date: Tuesday, July 14, 2015
Entrust Solutions has brought its Nexus program and centralized disbursing into Ohio. Read on to learn what founder and Managing Member Jonathan Yasko said.
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RynohLive hires Midwest sales rep
Posted Date: Tuesday, July 14, 2015
After significant growth over the past few months, RynohLive has appointed a Midwest sales representative. He will cover 10 states. Keep reading to learn more.
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‘Bernanke’ among best, most colorful TRID comments
Posted Date: Monday, July 13, 2015
With more than 800 letters and comments sent to the Consumer Financial Protection Bureau, there were plenty of interesting and unusual things authors had to say to the bureau. One of them, in fact, was listed as “Ben Bernanke” from the Federal Reserve. Read on to see what “he” and others had to say.
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Putnam County adopts eRecording
Posted Date: Sunday, July 12, 2015
Putnam County, Fla., implemented eRecording of documents through Simplifile. Recording Supervisor Melanie Bryan said the county is accepting all real estate documents commonly recorded in the Official Record. Read on to learn more.
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All-cash sales at 6-year low
Posted Date: Thursday, July 9, 2015
According to RealtyTrac only 24.6 percent of all single family home and condo sales in May were all-cash purchases. This is 28.5 percent less than in April and 30.4 percent from last year at the same. Read on to learn more.
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First American rating affirmed
Posted Date: Tuesday, July 7, 2015
Fitch Ratings affirmed the Issuer Default Rating and Insurer Financial Strength of the First American Title Insurance Companies. The rating is based on the company’s strong capitalization, moderate financial leverage and continued profitability. Keep reading to learn more.
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Investors Title Co. appoints president, agency manager
Posted Date: Tuesday, July 7, 2015
National Investors Title Insurance Co. named a new president and agency manager for the Texas market. She joined the company in 2010 as vice president supporting and growing the National Investors agent network. Keep reading to learn more.
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World Wide Land Transfer names Mid-Atlantic manager
Posted Date: Tuesday, July 7, 2015
World Wide Land Transfer, a Pennsylvania-based national title agency, hired a new Mid-Atlantic regional president to spearhead its new D.C. offices. She is responsible for managing and developing production for the company title agency operations. Keep reading to learn more.
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Ellie Mae names EVP of technology and operations
Posted Date: Tuesday, July 7, 2015
Ellie Mae named a new executive vice president of technology and operations. In this newly created role he will be responsible for leading all of Ellie Mae’s technology groups. Keep reading to learn more.
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Fitch affirms Stewart’s outlook
Posted Date: Thursday, July 2, 2015
Fitch Ratings affirmed Stewart information Services Corp.’s issuer default rating and insurer financial strength rating. It said the ratings reflect solid capitalization and modest financial leverage. Keep reading to learn more.
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Fitch upgrades Fidelity National Financial
Posted Date: Thursday, July 2, 2015
Fitch Ratings upgraded Fidelity National Financial based on market-leading scale, margins and operating company capitalization. However it noted that though past ventures have been successful, historical results do not mitigate future risks. Keep reading to learn more.
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Preferred Closing Services get new managers
Posted Date: Thursday, July 2, 2015
Title Alliance announced Preferred Closing Services, LLC has appointed two managers. Regional Director Nancy Marsden said she was confident that their appointments mark the beginning of great growth for Preferred Closing Services. Keep reading to learn more.
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reQuire appoints Florida account manager
Posted Date: Thursday, July 2, 2015
reQuire, LLC appointed an industry veteran to its account management team. She will be responsible for bringing the reQuire release tracking solution to existing and future title industry partners in Florida. Keep reading to learn more.
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Clark County in Wisconsin now eRecording
Posted Date: Thursday, July 2, 2015
Clark County became the 45th county in Wisconsin to implement eRecording. Register of Deeds Peggy Walter said her decision to implement eRecording stemmed from the CFPB regulations going to effect later this year. Keep reading to learn more.
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