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CCN building ‘title agency for the future,’ CEO says
Posted Date: Friday, October 30, 2015
Community Closing Network recently announced its intent to build a new title company by acquiring 10-12 “best-in-class” title agencies serving local markets throughout the eastern United States. CEO and President Mike Ridgway told The Title Report CCN is a holding company, backed by lead investor Gramercy Risk Holdings. Its model will enable title agencies and agents to focus on their core services while the CCN platform handles the administrative and compliance side of the business.
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John Hollenbeck takes the lead as president of ALTA
Posted Date: Tuesday, October 20, 2015
First American Title Insurance Company Executive Vice President John Hollenbeck NTP has taken over as president of the American Land Title Association (ALTA). He recently sat down with The Title Report to discuss his plans for the next year with the group. Read on learn about his priorities going into 2016.
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Settlement services leaders join forces in D.C. area
Posted Date: Sunday, October 18, 2015
A pair of companies said they will collaborate to offer title insurance and settlement services throughout the northern Virginia, greater D.C. and Maryland region. The firms will be members of the TitleConnect alliance. Read on to learn more.
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Pittsburgh title agency bought
Posted Date: Monday, October 12, 2015
A title agency based in Pittsburgh, which also does appraisal management and provides technology, has been bought by a Connecticut holdings company. The title agency’s senior management team will remain after the acquisition; read on for further details.
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Matt Martin Real Estate Management changes name
Posted Date: Thursday, October 15, 2015
National real estate finance services provider Matt Martin Real Estate Management has changed its name. The company offers a comprehensive array of services and solutions, including title and settlement services and valuation among others. Read on to learn more.
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Stewart unveils makeover
Posted Date: Friday, October 9, 2015
Operating under two new brands, Stewart will still focus on strategic industry partnerships, but under a “clean and concise” reorganization. Read on for the details.
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Home prices, sales increase in almost all regions, Beige Book says
Posted Date: Thursday, October 15, 2015
The Federal Reserve’s Beige Book pointed to continued modest expansion in economic activity during the reporting period from mid-August through early October. Business contacts across the nation were generally optimistic about the near-term outlook. Read on to learn more.
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Mainstream mortgage bankers could grow market share, Vantage says
Posted Date: Friday, October 16, 2015
The current market environment of increased regulation is putting significant pressure on the largest banks and has created a growing opportunity for mainstream mortgage bankers, according to Vantage Production LLC. According to their announcement, there have been few market cycles with as much potential for mainstream and non-bank lenders as the present one. Read on to learn more.
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First American Title launches Ownership Information Center
Posted Date: Tuesday, October 13, 2015
First American Title Insurance Co. launched its Ownership Information Center. This new online information resource is designed to help homebuyers and sellers understand the settlement process and the importance of title insurance. Keep reading to learn more.
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WFG and SoftPro announces eJacket integration
Posted Date: Tuesday, October 13, 2015
WFG National Title Insurance Co. integrated its policy jackets with SoftPro Closing and Title Software’s title production platform. This integration is available at no additional cost to all SoftPro customers. Read on to learn more.
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WFG picks partner for compliance
Posted Date: Monday, October 12, 2015
Williston Financial Group announced that it selected a partner to help the company provide compliance testing for its agents. Read on to find out who the company picked and what the choice means for its title agents.
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RedVision STP to transform nationwide title production
Posted Date: Thursday, October 15, 2015
RedVision, a provider of nationwide title and real property research, launched RedVision STP. It is designed to provide seamless and uniform title reports through direct system integration between RedVision and the customer. Read on to learn more.
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Vanderbilt Mortgage offers new digital tools
Posted Date: Sunday, October 18, 2015
Vanderbilt Mortgage and Finance, Inc. has rolled out new digital tools for consumers who are beginning their home financing journey. These new tools will help make the mortgage process faster and easier for the consumer, Vanderbilt said. Read on for the details.
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Pavaso launches tool for real estate agents
Posted Date: Sunday, October 18, 2015
Real estate technology company Pavaso completed its end-to-end digital process for the mortgage/real estate industry with the addition of its sales contract negotiation tool for real estate agents. Read on to find out how Pavaso’s tools help create a “unified modern experience” for consumers.
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eLynx receives MISMO TRID domain certification
Posted Date: Sunday, October 18, 2015
eLynx announced it became one of the first companies to achieve MISMO Software Compliance Certification in the TRID domain, while maintaining Premiere MISMO Compliance Certification in the Information Exchange domain. Read on to learn more.
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SoftPro adds to integration with First American’s AgentNet
Posted Date: Monday, October 12, 2015
SoftPro announced that it has expanded its integration with First American Title Insurance Co.’s AgentNet platform. Read on to find out what the new service is and how it will enhance the experience for First American’s title agents.
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Westcor adds two vice presidents
Posted Date: Monday, October 12, 2015
Westcor announced that it has named two vice presidents to roles in its Texas operations. Read on to find out the details on the hires.
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Wells adds division manager
Posted Date: Monday, October 12, 2015
Wells Fargo announced that it has a new division manager of commercial banking in the Carolinas Division. Read on to find out more about the hire.
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TRID spurs surge in mortgage applications
Posted Date: Friday, October 9, 2015
The week before the TILA-RESPA Integrated Disclosure (TRID) rule took effect, mortgage applications skyrocketed. Coincidence? Read on for the details.
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Survey finds millennials optimistic about finances
Posted Date: Friday, October 9, 2015
Think the average millennial is living in his parents’ basement and swimming in student loan debt? Think again. A recent survey conducted by Wells Fargo indicates that millennials feel pretty good about their financial situations and ability to buy a home in the near future. Read on for more insights about the nation’s youngest generation of adults and their opinions about financial and credit issues.
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CoreLogic says home prices up
Posted Date: Thursday, October 15, 2015
Home prices are up year-over-year and month-over-month, according to the CoreLogic Home Price Index and HPI Forecast for August 2015. It said home prices nationwide, including distressed sales, increased by 6.9 percent in August 2015 compared with August 2014. Keep reading to learn more.
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Opes Advisors selects Ellie Mae mortgage lending platform
Posted Date: Tuesday, October 20, 2015
Opes Advisors implemented Ellie Mae’s Encompass mortgage management solution as its mortgage lending platform. With new federal mortgage regulations approaching, Opes Advisors began looking to update its mortgage automation software early last year. Read on to learn more.
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ServiceLink appoints division president
Posted Date: Tuesday, October 20, 2015
ServiceLink named a new division president of originations. He will be part of the executive leadership team and be responsible for strategy, operations and growth. Keep reading to learn more.
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ClosingCorp integrates with INTEGRA Software Systems
Posted Date: Tuesday, October 20, 2015
ClosingCorp’s Loan Estimate Service now is integrated with INTEGRA Software Systems’ web-based Epic and Destiny Loan Origination Systems. The service incorporates client-specific business rules to deliver correct fee and tax information in each estimate and notifies users should transfer tax, recording fees or vendor estimates change. Read on to learn more.
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Two new counties now eRecording with CSC
Posted Date: Tuesday, October 20, 2015
Two more counties are eRecording with CSC. This will allow the recording offices to reduce costs, eliminate payment errors, receive prompt payment and increase staff productivity. Keep reading to learn more.
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Equity National adds national sales executive
Posted Date: Sunday, October 18, 2015
Equity National Title has hired a vice president, national sales executive. Equity is a national title/settlement agency offering a full array of title and settlement solutions. Read on for all the details.
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Zombie foreclosures down 43 percent in third quarter
Posted Date: Thursday, October 15, 2015
The number of vacant “zombie” foreclosures was down 43 percent from a year ago, showing that the war on vacant foreclosures is being won, according to RealtyTrac. However, “zombies” have increased from a year ago in 21 markets. Read on to learn more.
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Title insurance sector remains profitable, A.M. Best says
Posted Date: Tuesday, October 13, 2015
A.M. Best is maintaining a stable outlook on the U.S. title insurance industry, which reflects the industry’s continued positive financial condition, as reflected in the balance sheet strength of the major title insurers, according to a new special report. Read on for more information.
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Community Closing Network enters the industry
Posted Date: Tuesday, October 13, 2015
Community Closing Network, LLC announced its formation and its vision of becoming the best in class title agency serving a wide footprint across the eastern United States. It announced its intent to acquire 10-12 “best in class” title agencies serving local markets throughout the Eastern United States. Read on to learn more.
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Two more counties accept eRecording
Posted Date: Tuesday, October 13, 2015
Calhoun County, Mich., and Bertie County, N.C., now are accepting electronic documents for recording through Simplifile. Bertie County Register of Deeds Annie Wilson said customers can record documents quicker and more conveniently. Read on to learn more.
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CFPB has ‘grave concerns’ over use of MSAs
Posted Date: Monday, October 12, 2015
The Consumer Financial Protection Bureau delivered a guidance bulletin on marketing services agreements (MSAs), stating that its experience and supervision has led the agency to have “grave concerns” over the use of MSAs. Did the agency ban or outlaw their use?
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TRID fight moves to Senate, with veto threat looming
Posted Date: Friday, October 9, 2015
After bipartisan support helped pass a bill restraining enforcement and litigation of violations of the TILA-RESPA Integrated Disclosure (TRID) rule, the battle is headed to the Senate. But with the threat of a presidential veto on the horizon, what chances does the legislation have of moving forward? Read on for all the details.
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