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Posted Date: Tuesday, May 7, 2024
Stewart Information Services Corp. reported a year-over-year companywide revenue increase for the first quarter, and title segment earnings essentially matched the start of last year.
First quarter title segment operating revenues decreased 1 percent, year-over-year, primarily as a result of residential volume declines in direct and agency title operations.
Read on to find out more.
Industry News
Posted Date: Tuesday, May 7, 2024
Texas-based halFILE Systems Corp. has announced a rebrand for its title plant management software, which has served the title industry for more than three decades.
The platform is available in both cloud-based and desktop applications. Company leaders touted ease of access in the cloud, saying the platform “operates as if it was on-premises with little to no latency.”
Read on to find out more information.
Industry News
Posted Date: Tuesday, May 7, 2024
Real estate technology provider Blend Labs, Inc. has brought in a new $150 million investment through a partnership with private equity firm Haveli Investments.
Blend will use the vast majority of the proceeds to repay all amounts payable under its existing credit agreement, and the remainder for general corporate purposes.
Read on to find out more information.
Industry News
Posted Date: Monday, May 6, 2024
Philadelphia-based LodeStar Software Solutions has established SettleWise, its in-house national title insurance company. Co-founder and CEO Jim Paolino sat down with The Title Report to talk about the new company.
SettleWise will support conventional purchases, refinances, commercial, construction, FHA loans, VA Loans and HELOC transactions nationwide and be headquartered in the Philadelphia area.
Read on to find out more information.
Industry News
Posted Date: Monday, May 6, 2024
Stewart Title National Commercial Services is putting forth its interactive endorsement guide, which will provide users with lists of most requested endorsements among other features.
The guide also directs users to Stewart’s virtual underwriter, which offers attorneys, title offices and lenders access to the essential information needed to keep underwriting transactions moving.
Read on to find out more information.
Industry News
Posted Date: Monday, May 6, 2024
Miami-based Skyline Lien Search is rebranding as Skyline Property Insight, with the move becoming effective May 6, the company recently announced.
Leaders said the change “symbolizes the company’s longstanding commitment to providing a wide array of property-related services.” Plans also call for a new website and enhanced online presence.
Read on to find out more information.
Industry News
Posted Date: Thursday, May 2, 2024
Old Republic International Corp. reported first quarter companywide increases for both revenue and operating income, with total first quarter revenue exceeding $2 billion, according to its latest earnings report.
The company’s title segment recorded a year-over-year decrease in operating revenue as well as net premiums and fees earned, but company leaders cited deeper metrics indicating reasons for hope.
Read on to find out more information.
Industry News
Posted Date: Thursday, May 2, 2024
Title insurance premium volume decreased 31 percent in 2023, according to a new report from the American Land Title Association (ALTA). The CEO of ALTA cited continued supply hurdles and high interest rates as contributing factors.
The industry paid more than $638 million in claims last year. This is up from $596 million in claims paid in 2022, according to ALTA.
Read on to find out more information.
Industry News
Posted Date: Thursday, May 2, 2024
New Jersey-based AccuTitle is launching its new real estate and title application, Accuair, with touted features including automation tools, major underwriter integrations and more.
Accuair’s soft launch was announced this past fall, with its release adding to AccuTitle’s core product suite of TitleFusion, Closers’ Choice, Landtech, and TrackerPro.
Read on to find out more information.
Industry News
Posted Date: Tuesday, April 30, 2024
A first quarter earnings report from First American Financial Corp. shows a slight year-over-year decline in both revenue and direct premiums and escrow fees for its title insurance and services segment.
Total revenues for the title insurance and services segment during the first quarter were $1.3 billion, down 2 percent compared with the same quarter of 2023.
Read on to find out more information.
Industry News
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