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Information security changing in the new world
Posted Date: Friday, May 8, 2015
The Title Report attended a presentation by Christopher Gulotta, founder and CEO of Real Estate Data Shield, and Matthew Froning, chief information officer at Security Compliance Associates, at the Tennessee Land Title Association Annual Meeting and Convention regarding information security. They said the security laws and regulations have been in place for quite some time, but implementation in our industry has been seriously lacking. Keep reading to learn more.
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Attracting business to affiliated title companies
Posted Date: Tuesday, May 19, 2015
Long and Foster Settlement Services President Mike Maddiex and Howard Hanna Mortgage Services President Mark Steele spoke at the RESPRO 2015 Annual Conference, attended by October Research, LLC. Their presentation, “If You Build It, Will They Come? How To Increase Your Mortgage Capture Rate” addressed how affiliated title insurance agencies can grow their business. Read on to learn more.
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Chase announces new process for settlement agents
Posted Date: Friday, May 8, 2015
Chase Mortgage National Closing Control sent a memo to its title providers and settlement attorneys regarding the CFPB’s integrated Closing Disclosure Form and the new rules set to take effect Oct. 3. Read on to learn their new process.
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How can I close with Bank of America after Aug. 1?
Posted Date: Tuesday, May 12, 2015
Settlement agents have asked many questions of lenders leading up to Aug. 1. One of the questions Bank of America said it frequently received is how agents can close loans with it after Aug. 1. Read on to find out the lender’s response.
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Financial Services Committee hears business issues with TRID
Posted Date: Tuesday, May 19, 2015
Concerns over process and forms is only part of the atmosphere surrounding preparations for the TILA-RESPA Integrated Disclosure rule implementation Aug. 1. Changing the way mortgage loans and closings are conducted brings a new set of responsibilities and business concerns. Read on to find out what panelists shared with the House Financial Services Committee about some of those concerns.
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Looking forward on federal financial data breach standards
Posted Date: Monday, May 18, 2015
A panel of industry experts addressed a recent House Financial Services Committee meeting to offer their suggestions on crafting federal standards for financial data breaches. The panel of business and consumer advocates found much common ground in their suggestions. Read on for a look at how federal standards might be shaped.
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TRID compliance systems not ready, ABA says
Posted Date: Thursday, May 14, 2015
The American Bankers Association surveyed 800 bankers across the country about their readiness for the implementation of the TRID rule in August. It indicates that a number of banks preparing to comply will not offer certain mortgage products if the vendor’s systems are not able to handle the products. Read on to learn more.
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SoftPro announces CDF Training Registration
Posted Date: Tuesday, May 5, 2015
SoftPro announced it has opened registration for a variety of Closing Disclosure Form training options. SVP of Business Services Heidi Schultz said the company deliberately created a diverse array of training options. Keep reading to learn more.
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Atlantis offers ‘Lifeline’ to agents
Posted Date: Tuesday, May 5, 2015
Atlantis National Services, a full-service title agency in New York, is offering some agents a second chance — the ones who cannot afford to be compliant or are being forced out of the business by their underwriters for not producing enough remittances. Keep reading to learn how.
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Learning lessons from losses
Posted Date: Monday, May 18, 2015
E&O professionals Victoria Crowe and Sean Hanifin recently spoke about what lessons agents can learn from losses. They shared some practical advice with The Title Report on how to avoid these losses. Keep reading to learn more.
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Transnation Title expands to Indiana with acquisition
Posted Date: Tuesday, May 12, 2015
Transnation Title Agency recently acquired National Escrow Title in Indianapolis. Transnation CEO Monte Reinert told The Title Report the companies share similar cultures and the market there is strong. Keep reading to learn more.
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Global Title Alliance opens in Miami Beach
Posted Date: Tuesday, May 19, 2015
Title Alliance has grown its Florida footprint by opening its latest operation, Global Title Alliance in Miami Beach, Fla. This is the 21st entity with Keller Williams Market Centers. Keep reading to learn more.
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Investors Title releases Q1 results
Posted Date: Friday, May 8, 2015
Investors Title Co. announced its results for the quarter ended March 31. Several factors led to a substantial increase in earnings over the prior year. Keep reading to learn more.
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Realogy reports earnings for first quarter
Posted Date: Thursday, May 21, 2015
Realogy, a provider of real estate brokerage, relocation and title and settlement services, released its earnings report for the first quarter. The company reported revenue of $1.1 billion, a 5 percent increase year-over-year. Read on to learn how its Title Resource Group performed in the quarter.
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Ellie Mae reports ‘outstanding first quarter’
Posted Date: Tuesday, May 5, 2015
Ellie Mae reported its results for the first quarter ending March 31. President and CEO Jonathan Carr said the company had a great start to the year and an outstanding first quarter. Keep reading to learn more.
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Thomas Title launches affiliate in Latin America
Posted Date: Monday, May 18, 2015
Arizona-based Thomas Title has formed a joint partnership with Connell and Associates to provide American-style escrow services in Mexico. President and CEO Frank Busch told The Title Report he’s always had a strong connection to Latin America and thought he could help fill that niche. Keep reading to learn more.
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Closing Insight experiences high demand in first 30 days
Posted Date: Thursday, May 14, 2015
Within the first 30 days of opening registration, Closing Insight had more than 30 percent of settlement agents in the mortgage industry signed up. Black Knight is targeting 90 percent of settlement agents to register and be integrated by Aug. 1, 2015. Read on to learn more.
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Simplifile creates new collaboration tool for agents, lenders
Posted Date: Tuesday, May 12, 2015
Simplifile is mostly known for eRecording but it now is piloting a new service for lenders and closing/settlement agents called Simplifile Collaboration. Vice President of Strategic Planning Nancy Alley told The Title Report she is excited about the new product and looks forward to offering it to the public later this month. Read on to learn more.
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WFG names pair to oversee company’s Agency Group
Posted Date: Monday, May 18, 2015
WFG named two executive vice presidents charged with overseeing its independent agent division. EVP and General Counsel Joseph McCabe said they have been pivotal to WFG’s growth. Keep reading to learn more.
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Investors interest in flipping lessening, says Auction.com
Posted Date: Tuesday, May 19, 2015
According to Auction.com’s April 2015 Real Estate Investor Activity Report, investors continued to be interested in flipping properties over a hold-to-rent strategy, but that preference may be lessening. EVP Rick Sharga said it will be interesting to see if this trend will lead to a boom in home purchases stimulated by lower energy prices across the country. Keep reading to learn more.
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Fairfax County now eRecording
Posted Date: Tuesday, May 19, 2015
Fairfax County has joined 17 other Virginia counties in eRecording documents. Clerk of the Circuit Court John Frey said this is a huge win for the county. Keep reading to learn more.
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SoftPro adds eRecording partner to exchange platform
Posted Date: Tuesday, May 19, 2015
The SoftPro 360 exchange platform has grown to include an eRecording partner. Users now can place orders for eRecording services offered through the partner. Read to learn more.
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Loan originations up 17 percent in Q1
Posted Date: Monday, May 18, 2015
U.S. residential loan originations increased 17 percent in the first quarter of 2015 from a year ago despite a 6 percent drop from the previous quarter according to RealtyTrac. Refinance originations represented 67.8 percent of title loan origination dollar volume. Keep reading to learn more.
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Foreclosure activity down 26 percent in March, says CoreLogic
Posted Date: Monday, May 18, 2015
CoreLogic President and CEO Anand Nallathambi said foreclosures and serious delinquency rates continue to drop as the home purchase market begins to emerge from its eight-year slump. The company’s latest National Foreclosure Report said foreclosure inventory declined by 25. 7 percent and completed foreclosures declined by 15.5 percent. Read on to learn more.
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Financial Services Committee talks TRID
Posted Date: Thursday, May 14, 2015
Industry professionals testified in front of the Committee on Financial Services heard testimony from industry professionals at the “TILA-RESPA Integrated Disclosure: Examining the Cost and Benefits of Changes to the Real Estate Settlement Process” hearing. Many asked for a hold-harmless period through the end of the year. Keep reading to learn more.
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NS3 Preview: Former congressman to discuss political landscape
Posted Date: Thursday, May 14, 2015
At the 2015 National Settlement Services Summit (NS3), Steve Bartlett, a former congressman and a senior advisor with Treliant Risk Advisors, will discuss how the political landscape in Washington, D.C. may shape future changes to the Dodd-Frank Act and RESPA compliance. Read on for insight into his session, titled “Inside the Beltway: Regulatory and Political Outlook.”
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New York title agents will see lower rates for refis
Posted Date: Thursday, May 14, 2015
The New York Department of Financial Services approved new title insurance rates for refinancings in the hope of savings consumers up to 65 percent. These savings are the product of reforms included in 2014-15 state budget and broader regulatory actions. Read on to learn more.
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reQuire grows Northeast account management team
Posted Date: Thursday, May 14, 2015
reQuire has appointed a new member to its account management team. She will be responsible for bringing the company’s release tracking solution to existing and future title industry partners in New York, New Jersey and New England. Read on to learn more.
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Stewart names division president for South Florida
Posted Date: Thursday, May 14, 2015
Stewart Title named one of its own to the newly developed role of division president of the South Florida Division. He will be responsible for maintaining a comprehensive business strategy and supporting a sales-focused organization. Keep reading to learn more.
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NS3 preview: MBA’s Markison helps TRID panel navigate transaction
Posted Date: Tuesday, May 12, 2015
: With TRID compliance on the minds of the industry leading into Aug. 1, MBA Vice President and Regulatory Counsel Ken Markison will participate in a panel at the National Settlement Services Summit (NS3) June 8-10 in Atlanta to help attendees comply with the new transaction. Read on for more about the session.
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Investors Title names new SVP
Posted Date: Tuesday, May 12, 2015
Investors Title Insurance Co. promoted a new senior vice president from within to run its North Carolina Underwriting Operations. He will manage the legal and underwriting team. Read on to learn more.
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All Iowa counties now eRecording
Posted Date: Tuesday, May 12, 2015
With the addition of Hardin County adopting eRecording, Iowa has become the seventh state to offer eRecording in all of its counties with Simplifile. Read on to learn more.
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Old Republic picks compliance partner
Posted Date: Friday, May 8, 2015
Old Republic Title has selected a preferred vendor for ALTA Best Practices compliance benchmarking and reporting service. This will provide independent third-party verification for Old Republic agents. Keep reading to learn more.
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Familiar face returns to First International
Posted Date: Friday, May 8, 2015
A former colleague has returned to First International to serve as branch manager and senior escrow officer. She said she couldn’t wait to return. Read on to learn more.
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NS3 Preview: Celebrated RESPA attorney to discuss TRID-readiness
Posted Date: Friday, May 8, 2015
Phillip Schulman, a partner at K&L Gates, LLP, will explain the background of the Truth-in-Lending Act Real Estate Settlement Procedures Act Integrated Disclosure (TRID) forms and regulations, one of a number of RESPA-focused sessions at the 2015 National Settlement Services Summit (NS3) in Atlanta, June 8-10.
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LenderLive names new settlement services leader
Posted Date: Tuesday, May 5, 2015
LenderLive Network appointed a new settlement services leader because its customers are concerned about the impact upcoming regulations will have on their budgets and workflow. Keep reading to learn more.
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CPA association offers guidelines for industry certifications
Posted Date: Tuesday, May 5, 2015
The American Institute of Certified Public Accountants (AICPA) issued guidelines for CPAs who perform attestation and compliance reporting services to verify if a title and settlement professional complies with the American Land Title Association’s (ALTA) Best Practices Framework. Keep reading to learn more.
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Share of homes sold to owner-occupants drops in Q1
Posted Date: Tuesday, May 5, 2015
RealtyTrac released its Q1 2015 Cash, Investor and Distressed Sales Report. Vice President Daren Blomquist said the numbers suggest two important trends in the housing market. Keep reading to learn more.
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