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Fidelity chairman outlines game plan
Posted Date: Tuesday, May 9, 2017
How will Fidelity National Financial continue the momentum that produced the company’s most profitable year, followed by its best first quarter since 2013?
Chairman William Foley detailed the company’s game plan, which includes strategic acquisitions and levering the company’s real estate and software holdings.
Read on for more details on what kind of companies Fidelity is looking into as potential acquisition targets.
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IRS OKs Black Knight distribution
Posted Date: Tuesday, May 16, 2017
Last year, Fidelity National Financial announced plans to relinquish control of Black Knight Financial Services, which it had spun off as an independent company one year earlier.
A part of that plan included distributing billions of dollars of Black Knight shares to FNF shareholders tax-free.
Read on for details on why a recent government ruling is expected to benefit both companies.
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Altisource expands vendor oversight platform
Posted Date: Tuesday, May 16, 2017
Initially available only to Lenders One members, Altisource Portfolio Solutions’ has made its vendor oversight platform available to the broader mortgage and community bankers market.
The company also announced its collaboration with Security Insight to develop a platform that produces a transaction-based tool with risk data on each transaction prior to a closing.
Read on for more details.
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DocuSign offers tips after database breached
Posted Date: Tuesday, May 16, 2017
Although hackers temporarily breached one of DocuSign’s databases, customer names, physical addresses, passwords, Social Security numbers and credit card data were not accessed.
As a service to our readers, we’ve opened the story to everyone. Read on to learn what preventative steps DocuSign is urging customers to take.
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NS3 Preview: A new phase of cybertheft?
Posted Date: Tuesday, May 16, 2017
We know technology is constantly evolving and that cybertheft continues to evolve with it, but are we seeing a major shift in the way cyberthieves carry out their business?
Tom Cronkright, owner and CEO of Sun Title, has definitely noticed a shift and will share his insights at a session at the upcoming National Settlement Services Summit.
Read on for more details.
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ePN adds 12 jurisdictions
Posted Date: Tuesday, May 16, 2017
eRecording Partners Network has grown its eRecording network, with additions in Connecticut, Georgia, Louisiana, Minnesota, Missouri, New York, North Carolina, Ohio, Oregon and Wisconsin.
Read on for more details.
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Alterra adds senior vice president
Posted Date: Tuesday, May 16, 2017
The new hire will be responsible for recruiting mortgage professionals and leading the company’s expansion efforts.
Read on for more details.
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Georgia, Texas title companies merge
Posted Date: Thursday, May 11, 2017
A Georgia and a Texas title company have combined to create a privately owned, national title company licensed to conduct business in 48 states.
The combined operation will be called Elevated Title, has 50 employees and will be headquartered in Georgia.
Read on for details of who will assume which leadership roles in the new entity, along with reaction from company leaders.
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Title Resource Group posts revenues gain
Posted Date: Thursday, May 11, 2017
Title Resource Group’s revenues increased during the first quarter, despite a sharp decline in refinances.
The chairman of TRG’s parent company said low home inventories are slowing home sales in some areas because homeowners are reluctant to sell because they might have trouble finding their next home.
Still, TRG recorded an increase in overall first-quarter transactions from a year ago. Read on to find out how big the increase was and for other details of the company’s first-quarter performance
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Fidelity adds board member
Posted Date: Thursday, May 11, 2017
Fidelity National Financial (FNF) increased the size of its board to 13.
Then, it filled that additional seat with a well-respected Wall Street veteran who has advised Congress and President Barack Obama.
Read on to learn the background of the newest member of FNF’s board of directors.
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NS3 Preview: Blockchain brings security, efficiency, speed
Posted Date: Thursday, May 11, 2017
Businesspeople not only want things done quickly, but efficiently and securely.
At the 2017 National Settlement Services Summit in San Antonio, Texas, June 7-9, one industry leader will introduce and explain new technology that may revolutionize the real estate industry.
Read on for a brief summary of what you’ll hear in San Antonio.
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Stewart adds sales manager
Posted Date: Thursday, May 11, 2017
Stewart Information Services Corp. has hired a sales manager for its Houston division who has extensive experience in that market.
Read on for more details.
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Accurate Group adds two vice presidents
Posted Date: Thursday, May 11, 2017
Accurate Group has switched the role of one executive and hired an industry veteran to booster its sales team.
Read on for more details.
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Investors Title extends earnings momentum
Posted Date: Tuesday, May 9, 2017
Last year, Investors Title Co. turned fewer foreclosures, increasing home sales and refinances into its best year ever.
Despite declining refinances, that momentum continued through this year’s first quarter, with the company posting record first-quarter results. The company’s chairman said an improving economy, plus relatively low interest rates, should drive sales throughout 2017.
Read on for more details on the company’s report.
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The Collingwood Group sold
Posted Date: Tuesday, May 9, 2017
The Washington, D.C.-based financial advisory firm started by a former head of Ginnie Mae and a former Federal Housing Authority commissioner was purchased by a global business and technology solutions provider.
The company that acquired Collingwood said the purchase adds regulatory policy experience and insight across the residential housing and multifamily finance industry.
Read on for more details.
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NS3 Preview: GSE reform as told by former regulator
Posted Date: Tuesday, May 9, 2017
Having worked in the mortgage industry as a government regulator and an executive in the private sector, WL Ross & Co. LLC Vice Chairman James Lockhart will bring to the stage a viewpoint that is about as well-rounded as one could hope for during his keynote address at the National Settlement Services Summit in San Antonio.
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First-quarter home sellers rewarded
Posted Date: Tuesday, May 9, 2017
Homeowners who sold during the first quarter of 2017 realized the highest average price gains in nearly 10 years.
Read on for more details.
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Housing-market optimism grew in April
Posted Date: Tuesday, May 9, 2017
Americans grew more optimistic about the housing market in April, according to an index by Fannie Mae.
Read on for more insights from the index.
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Pockets of underwater homes persist
Posted Date: Tuesday, May 9, 2017
Across the country, there are fewer underwater homes than one year ago. However, the problem is getting worse in some cities.
Read on for more details
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Fidelity posts best first quarter since 2013
Posted Date: Friday, May 5, 2017
Fidelity National Financial, Inc.’s (FNF) title operations had it best first quarter in five years, producing its largest first-quarter revenue in the company’s history.
Going forward, Chairman William Foley said he expects a seasonal acceleration in title premiums to help the company maintain its momentum.
Read on for details of FNF’s first-quarter performance.
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Closing times shortest since 2015
Posted Date: Friday, May 5, 2017
According to Ellie Mae’s latest Origination Insight Report, the length of the mortgage lending process during March declined to its shortest duration since early 2015.
Ellie Mae President and CEO Jonathan Corr told The Title Report that technology plus a stronger purchase market should continue to drive down time to close.
Read on for the details of the report.
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RedVision hires vice president
Posted Date: Friday, May 5, 2017
RedVision has hired a former Westcor executive to manage its national and regional operations.
Read on for more details.
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ATTOM expands Auction.com partnership
Posted Date: Friday, May 5, 2017
ATTOM Data Solutions’ Home Disclosure Reports on nearly 120 million properties now are available to Auction.com users.
Read on for more details.
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AmTrust adds title reader
Posted Date: Friday, May 5, 2017
AmTrust Title Insurance Co. has hired a title reader who has worked at agencies in New York, Illinois and California.
Read on for more details.
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Stewart COO departs
Posted Date: Thursday, May 4, 2017
Less than six months after he was hired, Stewart Information Services Corp.’s Chief Operating Officer Timothy Okrie has left the company and a search is underway for his replacement.
Okrie’s departure was announced in a filing with the Securities and Exchange Commission. An industry veteran with more than 30 years of experience developing and executing professional services, industry alignment, market strategies and business operating models, Okrie was a senior partner within the Advisory Services practice at Deloitte prior to joining Stewart.
Read on for more about Okrie and his time at Stewart.
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FAF posts strong first-quarter results
Posted Date: Thursday, May 4, 2017
Coming off a year that saw impressive increases in revenues and profits, First American Financial Corp. continued that momentum into 2017 with first-quarter results that beat analyst expectations.
Both revenues and net income rose despite a decline in orders. CEO Dennis J. Gilmore said a stronger purchase market should bode well for the company this year.
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Ellie Mae integrates Wells Fargo
Posted Date: Wednesday, May 3, 2017
Ellie Mae has integrated Wells Fargo’s Funding Loan Submission Summary (LSS) with Encompass, its mortgage management system, the companies announced.
Encompass users now can send batch closed loan data directly to Wells Fargo Funding, eliminating the need to submit the LSS form to the bank.
Read on for more details
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NS3 Preview: Underwriters, state regulators bring expert insight
Posted Date: Wednesday, May 3, 2017
The National Settlement Services Summit (NS3) has been a regular home for representatives of the top underwriters in the country to share their knowledge and insight with attendees, and this year will be no different.
For the first time in seven years, though, NS3 also will host state insurance regulators, sharing with attendees the latest information on cybersecurity, unlawful inducements, data calls, and more.
Read on for details of who will provide expert insight attendees need to succeed.
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Forecast: Homes sales down slightly in April
Posted Date: Wednesday, May 3, 2017
Ten-X is forecasting that April’s housing market will end with a slight decrease in existing homes sales and a small increase in median home prices.
Read on for more details.
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Westcor hires agency representative
Posted Date: Wednesday, May 3, 2017
Westcor Land Title Insurance Co.’s new hire will focus her efforts on growing the company’s business in Ohio and western Pennsylvania.
Read on for more details.
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Home prices continue to increase
Posted Date: Wednesday, May 3, 2017
Tight inventories and attractive mortgage rates are pushing home prices upward throughout the country.
Read on for more details.
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