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Collaboration key to first TRID transaction
Posted Date: Tuesday, November 10, 2015
Through collaboration and partnership, Movement Mortgage may have closed the first TRID transaction. It happened Oct. 16 and took just 10 days. Several industry players had prepared together for the implementation Oct. 3 and they told The Title Report they credit this for the smooth transaction.
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More secure domain names become available for financial services sectors
Posted Date: Thursday, October 29, 2015
With the goal of providing the industry and consumers with a more secure way to bank online, the American Bankers Association (ABA) and the Financial Services Roundtable teamed up with other financial services investors to offer .bank and .insurance domain names. With extra security measures in place, these domain names provide a safer alternative for those in the financial services industries.
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D | Bello Associates grows tremendously post-TRID
Posted Date: Tuesday, November 3, 2015
D | Bello Associates CEO Jeffrey Bates told The Title Report business is booming post-TRID. A privately held, independent outsource service provider, the company offers title data and operational services to the industry. Read on to learn more.
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Title Junction celebrates 10 years
Posted Date: Tuesday, November 3, 2015
In 2005, Jennifer Ferri opened the doors of her own business, Title Junction in Fort Myers, Fla. Ten years later she serves as CEO and the business is thriving. Read on to learn more.
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Mobile closings continuing to grow
Posted Date: Tuesday, November 3, 2015
As consumers become more comfortable applying for loans online, many are demanding that same level of convenience at their closing. Mobile closings, where the notary signing agent goes to the consumer rather than meeting in a closing office, are therefore growing in popularity, CEO of Snapdocs Aaron King told The Title Report.
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Old Republic Title breaks quarterly record
Posted Date: Sunday, October 25, 2015
Old Republic Title announced its earnings for the third quarter of 2015, with CEO Rande Yeager saying the 108-year-old company was “growing very nicely.” Read on for the details of Old Republic’s record-setting quarter.
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Title segment revenues up, Stewart says
Posted Date: Thursday, October 22, 2015
Stewart Information Services Corp. reported its third quarter 2015 earnings. CEO Matt Morris said the title segment produced another quarter of solid results, while the mortgage service segment remained challenged by the delinquent loan servicing operations the company is exiting. Read on to learn more.
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First American: Title segment strong in third quarter
Posted Date: Thursday, October 22, 2015
First American Financial Corp., announced its results for the third quarter ended Sept. 30, 2015. CEO Dennis Gilmore said results in the title segment were strong, driven by higher closing activity in the residential purchase market and continued growth in the commercial business.
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Fidelity reports strong commercial activity in third quarter
Posted Date: Thursday, October 29, 2015
Fidelity National Financial, Inc. reported the operating results of the FNF Group, a provider of title insurance, technology and transaction services to the real estate and mortgage industries, for the three- and nine-month periods ending Sept. 30, 2015. The FNF executive team was happy with the strong earnings results, especially in the commercial sector. Read on to learn more.
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A.M. Best affirms ratings for Fidelity’s subsidiaries
Posted Date: Tuesday, October 27, 2015
A.M. Best affirmed the financial strength ratings and issuer credit ratings for the five domestic title insurance companies that make up the subsidiaries of the Fidelity National Financial, Inc. The outlook for all the ratings is stable. Keep reading to learn more.
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Black Knight continues momentum in third quarter
Posted Date: Thursday, October 29, 2015
Black Knight Executive Chairman Bill Foley said the company’s third-quarter results reflect continued strength in the fundamental drivers of long-term growth, as it continues to execute on its strategic initiatives. Revenues increased from a year ago. Read on to learn more.
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Bay National Title Co. opens Tampa office
Posted Date: Sunday, October 25, 2015
Bay National Title Co. opened a new title insurance office in Tampa. This is the third location for BNTC. Read on to learn more.
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Title Alliance enters Arizona
Posted Date: Thursday, October 22, 2015
Title Alliance expanded into Arizona with its latest Keller Williams joint-venture. Title Alliance Director Jim Campbell said the right partners are on the ground and he can’t wait to see what the future brings with this partnership. Read on to learn more.
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Mortgage Network opens new branch in Massachusetts
Posted Date: Thursday, October 22, 2015
Mortgage Network Inc. opened a new branch in Massachusetts. It will focus on helping local borrowers with their home financing needs by providing a full range of mortgage products. Read on to learn more.
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TRID Exclusive, Part 1: One month in, loans flowing, but problems surfacing
Posted Date: Monday, November 2, 2015
A year to the day after TRID became effective, mortgage lending has not stopped. Applications have been taken, originations have begun, refinances have closed, as have some quicker or easier full mortgage loans. Yet all is not perfect. Learning new processes and technology have made it “very, very stressful out there in the closing shops.” The Title Report delves into initial reactions from the industry to find out how the first round of TRID closings are going in the first of our four-part TRID Exclusive series.
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REDS goes live with version 2.0
Posted Date: Thursday, November 5, 2015
Real Estate Data Shield (REDS) will launch REDS 2.0, the company’s security and compliance solution in November of this year. While all the familiar offerings from the original version of REDS will be included, the new, timely modules will have a more updated look and feel. Read on to learn more.
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WFG National Title names leader to national agent group
Posted Date: Tuesday, November 3, 2015
WFG National Title has named a new senior vice president to oversee the company’s national agency division. He has 35 years of experience in the industry and takes over for the retiring senior VP, who leaves after 40 years of service. Read on for the details.
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Loan application defects decrease again, First American says
Posted Date: Tuesday, November 3, 2015
A gap is growing between the low defect risk cool spots and the high defect risk hot spots, according to First American’s Chief Economist Mark Fleming. September’s Loan Application Defect Index fell 1.2 percent compared with August, and 9 percent year-over-year. Read on to learn more.
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Fidelity National Financial appoints president
Posted Date: Tuesday, November 3, 2015
Fidelity National Financial appointed a new president effective Jan. 1, 2016. He has more than 30 years of experience with FNTG and its predecessor companies. Read on to learn more.
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North American Title Insurance Co. added Central Property Search
Posted Date: Thursday, October 29, 2015
North American Title Insurance Co. (NATIC) has added search provider Central Property Search Inc. in Pennsylvania to its preferred provider list. The company provides title searches, commitment production and other services throughout Pennsylvania. Read on to learn more.
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MiT National Land Services names VP of business development
Posted Date: Thursday, October 29, 2015
MiT National Land Services brought on a new vice president of business development. He will guide the development of new strategic partnerships and deepen existing relationships with top brokerage and law firms. Read on to learn more.
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First International grows title team
Posted Date: Thursday, October 29, 2015
First International Title announced two new hires in Florida. Both said they are excited to be joining the company and helping it to move forward. Keep reading to learn more.
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Atlantis National Services earns SOC 2, Type I
Posted Date: Tuesday, October 27, 2015
Atlantis National Services Inc. achieved its SOC 2, Type I attestation certification as of Sept. 30, 2015. It says that the title insurance company’s IT controls are in compliance. Read on to learn more.
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TitleVest adds sales executive
Posted Date: Tuesday, October 27, 2015
TitleVest, a New York-based provider of title insurance and related real estate services, announced the strategic expansion of its business development team with the addition of a new sales executive. She said she is looking forward to implementing new business development initiatives. Read on to learn more.
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Ellie Mae names VP of government and strategic relations
Posted Date: Tuesday, October 27, 2015
Ellie Mae named a new vice president of government and strategic relations. The newly created role will focus on growing and managing the company’s relationships with government agencies and other regulatory bodies. Read on to learn more.
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JPMorgan Chase improves efficiency with Black Knight MSP
Posted Date: Tuesday, October 27, 2015
JPMorgan Chase is consolidating its technology onto one servicing platform for mortgages and home equity loans to improve efficiency and risk management. It is extending its servicing technology contract to support first mortgage and home equity loans. Read on to learn more.
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Safe Escrow granted SOC 2, Type II
Posted Date: Sunday, October 25, 2015
PCN Network was granted a SOC2, Type II certification for its Safe Escrow System and related service. It provides a managed disbursement solution for title agents, underwriters and mortgage lenders. Read on to learn more.
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Seriously underwater properties drop in Q3
Posted Date: Sunday, October 25, 2015
After a lull late last year and early this year, home sales volume and average sales prices picked up dramatically again in the second and third quarters of this year, according to RealtyTrac Vice President Daren Blomquist. This resulted in a substantial drop in seriously underwater homeowners. Keep reading to learn more.
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McKean County now eRecording
Posted Date: Sunday, October 25, 2015
Corporation Service Co. is now an approved eRecording vendor for the McKean County, Pa. Recorder of Deeds office. Electronic document recording allows recording offices to reduce costs, eliminate payment errors, receive prompt payment and increase staff productivity. Read on to learn more.
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Purchase originations to increase 10 percent in 2016, MBA says
Posted Date: Thursday, October 22, 2015
The Mortgage Bankers Association expects to see a 10 percent increase in mortgage originations in 2016, but a drop in refinance originations. It is forecasting strong household formation, improving wages and a more liquid housing market will drive home sales and purchase originations in the coming years. Read on to learn more.
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ClosingCorp releases new tool for closing cost estimates
Posted Date: Thursday, October 22, 2015
ClosingCorp has launched a new tool to enable lenders to provide prospective borrowers with realistic cost data in the early stages of a loan. CEO Brian Benson said moving the conversation about closing costs up potentially will improve the quality of lead conversion rates and customer satisfaction. Keep reading to learn more.
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