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Email encryption: A Trojan horse waiting to strike
Posted Date: Friday, September 12, 2014
Everyone is aware of cyberthreats and has taken steps to make their networks and systems more secure, but CertainSafe Executive Vice President Steve Russo saw many overlooking an important aspect of cybersecurity.
He authored a whitepaper, “Email Encryption: A Trojan horse waiting to strike” where he said, “Over time, we have learned that securing sensitive and confidential communication, data exchanges and information that travels through emailing is a complicated challenge.
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Myron Finley of NTC talks about company milestone
Posted Date: Monday, September 8, 2014
Nationwide Title Clearing (NTC), a research and document-processing provider for the mortgage and financial industry, reported that the company hit a milestone in its quest to help mortgage loan servicers handle more business electronically by sending 60 percent of its volume to county recorders in electronic form.
Myron Finley, chief legal officer for the company, told The Title Report this came as no surprise. NTC has been aggressively promoting eRecording.
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Linear Title talks about new division launch
Posted Date: Monday, September 8, 2014
The company’s wholly owned subsidiary, Nexgen Compliance Solutions, developed three industry products: Title Hound, Certus and the soon-to-be-released Latitude. Any title agent now may buy these products through Linear Title’s new Title Services Division.
“We developed our own software products and automation,” Liuzza told The Title Report.
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Reinsurance alliance with Lloyd’s of London adds member
Posted Date: Tuesday, September 9, 2014
First National Title Insurance Company announced it has become the sixth member of the American Title Reinsurance Alliance. The group, an allegiance of regional title insurers working with Lloyd’s of London, was formed in 2012 and added FNTI in July.
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FAF eyes growth, product expansion as market mellows out
Posted Date: Monday, September 15, 2014
As a pure-play leader in the title insurance market, First American Financial Corp. (FAF) is in a strong financial position with a healthy balance sheet and a meaningful opportunity to return capital to shareholders, the insurer announced during a presentation on Sept. 10 at the Barclays PLC Global Financial Services Conference.
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Fidelity gives conference look at Q3
Posted Date: Tuesday, September 9, 2014
Fidelity National Financial President Brent Bickett, Chief Financial Officer Tony Park and Senior Vice President and Treasurer Dan Murphy presented at the Keefe, Bruyette & Woods 2014 Insurance Conference Sept. 3. There they discussed the margins within the different segments of FNF along with the synergies between their newly acquired businesses.
Fidelity reports stable title business despite slow housing market
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Fidelity president gives Barclays market update
Posted Date: Monday, September 15, 2014
Brent Bickett, president of Fidelity National Financial (FNF), spoke at the Barclays Global Financial Services Conference in New York on Sept. 9. He said the last six months, order counts have been relatively flat, so it’s an easy environment for the title group.
Fidelity gives conference look at Q3
“This is one of the strongest markets that we've had in a while,” Bickett said.
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LandCastle bought out by Fidelity
Posted Date: Tuesday, September 2, 2014
Fidelity National Title Group purchased 70 percent ownership of LandCastle Title LLC after substantial escrow account misappropriations were found in the company and that of the law firm Morris Hardwick and Schneider. Keep reading to learn more.
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Stewart to expand national commercial business
Posted Date: Tuesday, September 9, 2014
Stewart Title Commercial Services appointed a new business development officer, who will be responsible for expanding the company’s national commercial business.
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Carrington expands footprint in central Indiana
Posted Date: Friday, September 5, 2014
Carrington Mortgage Services plans to expand its operations in the state of Indiana. The planned facility should be operational by the end of the year. Keep reading to learn more.
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TrackerPro partners with CSC
Posted Date: Monday, September 15, 2014
TrackerPro, a title insurance software provider, partnered with Corporation Service Co., to enable seamless integration with the CSC eRecord application.
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SCA partners with Fidelity National Title Group
Posted Date: Monday, September 15, 2014
Security Compliance Associates (SCA), an information security provider for financial institutions, has entered into a preferred vendor arrangement with Fidelity National Title Group.
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North American partners with RedVision
Posted Date: Thursday, September 11, 2014
North American Title Insurance Co. and RedVision have teamed up to provide search, examination and curative-ready solutions to NATIC’s independent agents across 38 states via its online portal, SearchLink Network.
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California mortgage fraudster to report to prison Nov. 3
Posted Date: Thursday, September 11, 2014
Granada Hills, Calif., accountant Carmen Denise Mosely will report to federal prison Nov. 3 to begin her 57-month sentence. She was convicted of conspiracy and fraud charges for participating in a mortgage fraud scheme in southern Nevada.
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Blomquist: Homeownership affordable despite student loans
Posted Date: Monday, September 8, 2014
The slowdown in first time homeownership has been blamed on the increased cost of student loans and home prices, but RealtyTrac’s Daren Blomquist told The Title Report that’s not necessarily true.
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General consumer spending grew in most districts according to Sept. Beige Book
Posted Date: Thursday, September 4, 2014
Reports from the 12 Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report; however, none of the Districts pointed to a distinct shift in the overall pace of growth.
The New York, Cleveland, Chicago, Minneapolis, Dallas, and San Francisco Districts characterized their growth rates as moderate; Philadelphia, Atlanta, St. Louis, and Kansas City reported modest growth, a step below/above moderate.
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Old Republic promotes Peter Mattson to VP
Posted Date: Tuesday, September 2, 2014
Old Republic promoted Peter Mattson, senior manager of social media and digital strategy, to vice president of ORNTIC and corporate marketing and communications manager.
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Average loan size increases according to MBA
Posted Date: Monday, September 15, 2014
The Mortgage Bankers Association Build Application Survey data for August 2014 shows mortgage applications for new home purchases decreased by 9 percent relative to July, but average loan size has increased over the same time period.
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Foreclosure activity down 9 percent from a year ago
Posted Date: Thursday, September 11, 2014
After 44 consecutive months of annual decreases, there were 51,192 properties scheduled for foreclosure auction during the month of August, according to RealtyTrac’s U.S. Foreclosure Market Report. Keep reading to learn what else is happening in this sector of the industry.
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CFPB updates compliance guides for small entity compliance
Posted Date: Thursday, September 11, 2014
The Consumer Financial Protection Bureau updated a pair of guides intended to help smaller entities implement new mortgage disclosure forms and rules that take effect next summer. Read on to learn updates.
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New Jersey man admits to mortgage fraud scheme
Posted Date: Tuesday, September 9, 2014
An Essex County, N.J., man admitted conspiring to defraud financial institutions as part of a $15 million mortgage fraud scheme that used phony documents and straw buyers to make illegal profits on overbuilt condos, U.S. Attorney Paul J. Fishman announced.
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First American appoints new senior operations counsel
Posted Date: Tuesday, September 9, 2014
First American Title Insurance Co. promoted a senior underwriter to senior operations counsel for the west region of the company’s direct division. Keep reading to learn more.
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Ellie Mae enhances Encompass
Posted Date: Monday, September 8, 2014
Ellie Mae announced a major new release of its Encompass mortgage management solution. The new release includes more than 300 enhancements designed to promote compliance, loan quality and efficiency.
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Title365 adds VP for training, development
Posted Date: Friday, September 5, 2014
Title365 Co. named a new vice president, director of education and business development for the Dallas-Fort Worth area. She will be responsible for training and development of customer-centric programs. Keep reading to find out who.
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Avenue 365 expands national sales team
Posted Date: Thursday, September 4, 2014
Avenue 365 Lender Services appointed a new vice president, national account manager, default services to lead the company into new national and mid-tier relationships.
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Ten indicted for $50 million mortgage scam
Posted Date: Tuesday, September 2, 2014
The owner of a Florida mortgage company, seven employees of the company and two real estate developers were indicted in the Southern District of Florida in connection with an alleged $50 million mortgage fraud scheme, according to a release from the Department of Justice.
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ALTA releases updated report on title insurance premiums
Posted Date: Tuesday, September 2, 2014
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, reported title insurance premium volume declined 16.6 percent during the second quarter of 2014 when compared with the same period a year ago. Keep reading for more information.
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