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Finding the next wave of title agents
Posted Date: Thursday, August 27, 2015
Recruitment has always been difficult in the title insurance industry, unless there’s a family connection. In any industry, it’s important to keep a pipeline open for new talent to keep a company viable and healthy. To do this, several professionals within the industry said it’s important to expand their efforts.
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TRID helps form base for eClosings to grow from
Posted Date: Tuesday, August 18, 2015
In the presentation at the Consumer Financial Protection Bureau’s eClosing forum, few mentions of TRID – the TILA-RESPA Integrated Disclosure rule – were made after weeks of the phrase dominating conversation in the mortgage lending world. Yet the new mortgage lending process that will take place beginning Oct. 3 had a definite role in the eClosings pilot program, and in the future of mainsteam adoption for eClosings. Read on to find out how.
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CFPB spotlights credit-reporting complaints
Posted Date: Tuesday, August 25, 2015
The CFPB released its monthly consumer complaints snapshot. The report spotlights credit reporting complaints, which sharply increased compared with the prior month and year. Read on to learn more.
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FHA announces new lender performance measure
Posted Date: Sunday, August 23, 2015
The FHA announced a new method for evaluating the lending practices of FHA-approved lenders. The new metric will complement the agency’s existing compare ratio and offer a more nuanced insight into a lender’s specific performance while encouraging lenders to serve eligible underserved borrowers. Read on to learn more.
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FTC offers third-party liability lessons
Posted Date: Thursday, August 20, 2015
As title companies become more responsible for their actions as third-party vendors for lenders, with fourth-party oversight of their own vendors, finding guidance on how to remain compliant sometimes can be tricky. A recent enforcement action from the Federal Trade Commission contained some lessons title agents can use to remain compliant with third-party liability responsibilities. Read on for the details.
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Economic growth outlook less optimistic, Fannie Mae says
Posted Date: Thursday, August 27, 2015
Economic growth in the second quarter was weaker than expected, according to Fannie Mae’s Economic & Strategic Research Group. However, there is some hope for the housing sector. Read on to learn more.
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Fitch says outlook positive for Lennar
Posted Date: Sunday, August 23, 2015
Fitch Ratings affirmed the ratings of the Lennar Corp. Its rating outlook was revised from to positive from stable. This is partially because of the company’s substantial reduction of joint ventures over the last few years. Keep reading to learn more.
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Access Title opens new office
Posted Date: Thursday, August 13, 2015
Access Title Agency, LLC opened a new office in Michigan. This is the second location for the Florida-based title insurance agency. Keep reading to learn more.
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Simplifile’s TRID solution chosen by OneTrust
Posted Date: Tuesday, September 1, 2015
OneTrust Home Loans chose Simplifile as its partner and online service provider to collaborate with settlement agents and meet compliance requirements for TRID. This allows OneTrust to connect with settlement agents nationwide. Read on to learn more.
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FirstClose offers instant title searches
Posted Date: Tuesday, August 25, 2015
First Lenders Data, Inc. (FirstClose) is offering instant title searches through new proprietary software. Lender and title companies can use this automated software on second mortgages, equities and refinance transactions. Read on to learn more.
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First American launches PredProtect enhancements
Posted Date: Tuesday, August 18, 2015
First American Financial Corp. launched new PredProtect enhancements, along with the availability of its Release Candidate (RC) testing site. It was developed to meet the needs of banks and mortgage lenders in complying with the TRID rule. Keep reading to learn more.
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ClosingCorp’s Loan Estimate Service integrates with Loan Origination studio
Posted Date: Tuesday, August 18, 2015
ClosingCorp announced its Loan Estimate Service now is integrated with Loan Origination Studio from Savana, Inc. Beginning Oct. 3, it will be able to provide validated fee information to populate the new Loan Estimate (LE) mandated by the TILA-RESPA Integrated Disclosure (TRID) rule. Keep reading to learn more.
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Calyx Software releases TRID-ready solution
Posted Date: Tuesday, August 18, 2015
Calyx Software released PointCentral Version 9.2. Mortgage lenders now can originate loans and deliver TRID-compliant Loan Estimates and Closing Disclosures immediately. Read on to learn more.
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Stewart names regional leaders
Posted Date: Monday, August 24, 2015
Stewart Title announces leaders to service the Midwest Division as well as a new agency services manager for the state of Georgia. Executives from both districts were excited about the appointments. Read on to see what they had to say.
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Prism Title appoints VP, general counsel
Posted Date: Thursday, August 13, 2015
Prism Title appointed a new vice president and general counsel. He will lead the title examination team of eight examiners. Read on to learn more.
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Real Estate Data Shield welcomes new director of marketing
Posted Date: Thursday, August 20, 2015
REDS named a new director of marketing and sales from within the title insurance industry. CEO and founder Chris Gulotta said her experience will allow her to appreciate the challenges the industry is facing. Read on to learn more.
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Two Rivers Title adds two to team
Posted Date: Sunday, August 23, 2015
Two Rivers Title adds two new members to its team. The company is based in Little Silver, N.J., and provides settlement services to the majority of its clientele, which consists of law firms and lenders. Keep reading to learn more.
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Near North Title grows team
Posted Date: Thursday, August 13, 2015
Near North Title Group named a new general counsel and vice president-senior underwriter of Near North National Title, LLC. He joins the agency after more than a decade underwriting national and local transactions. Keep reading to learn more.
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DocMagic appoints chief compliance officer
Posted Date: Sunday, August 23, 2015
DocMagic, Inc., named a chief compliance officer. He will develop, implement and maintain the company’s compliance products and services. Keep reading to learn more.
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Title Junction adds social media guru
Posted Date: Tuesday, August 25, 2015
Title Junction LLC is expanding its social media efforts with a new hire straight out of Florida Gulf Cost University. She said she’s really excited about the new job, as well as working for business owned and operated by a woman. Read on to learn more.
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Velocify integrates with Ellie Mae’s Encompass
Posted Date: Monday, August 24, 2015
Velocify solutions now are available through Ellie Mae’s Encompass. The integration allows lenders to order these solutions through Encompass. Read on to learn more.
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North American Title Group names chief marketing officer
Posted Date: Sunday, August 23, 2015
North American Title Group promoted a chief marketing officer from within. NATG President and CEO Tom Fischer said the company wanted to capitalized on the favorable market and strengthen the company’s brand and market share across the country. Keep reading to learn more.
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States amending data breach laws
Posted Date: Sunday, August 23, 2015
Several states are addressing their data breach notification laws to amp up their cybersecurity efforts. Notifications must be sent to affected consumers in shorter time frame explaining the breach itself and the company’s efforts to resolve it. Read on to learn more.
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eTransactions: The eClosing Process Special Report
Posted Date: Thursday, August 20, 2015
In the third segment of the eTransactions series, The Title Report dives into the eClosing process by providing an in-depth analysis of not only the benefits but the remaining obstacles facing the industry. Thanks to sponsor Simplifile, this report is available as a free download.
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MBA releases 2015 mid-year servicer rankings
Posted Date: Thursday, August 20, 2015
The MBA released its mid-year ranking of commercial and multifamily mortgage servicers’ volumes. Wells Fargo and PNC/Midland are the largest master and primary servicers of commercial/multifamily loans. Read on to learn more.
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Colorado names members to title insurance commission
Posted Date: Thursday, August 20, 2015
Colorado Governor John Hickenlooper appointed nine members to the newly created title insurance commission. It was created in the last legislative session. Read on to learn more.
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NextDeal partners with ResWare
Posted Date: Thursday, August 20, 2015
NextDeal partnered with Adeptive’s ResWare to provide a seamless integration between the technologies. Title agents using ResWare can have their files automatically sent to NextDeal to power their post-close marketing. Read on to learn more.
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Two Midwest counties begin eRecording
Posted Date: Thursday, August 20, 2015
Two Midwestern counties implemented eRecording. Their respective clerks were enthusiastic about the technology. Keep reading to learn more.
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DocMagic releases SmartCLOSE
Posted Date: Tuesday, August 18, 2015
DocMagic’s SmartCLOSE was moved to a secure cloud-based production environment for its official release. It now is ready for TRID implementation. Keep reading to learn more.
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Residential loan originations increase 23 percent
Posted Date: Tuesday, August 18, 2015
RealtyTrac released its second quarter 2015 U.S. Residential Loan Origination Report. Loan originations are up 22 percent from the previous quarter and up 23 percent from a year ago. Keep reading to learn more.
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Be proactive in communication, presenters say
Posted Date: Thursday, August 13, 2015
In a recent webinar The Title Report provided a comprehensive webinar for title and settlement agents looking to improve communications with lenders and Realtors. The presenters offered tips for effectively communicating to ensure a shared understanding of important operational issues pertaining to TRID implementation. Keep reading to learn more.
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Richard Davis: Regulation might not be as bad as it seems
Posted Date: Thursday, August 13, 2015
It’s all in the attitude. At October Research, LLC’s National Settlement Services Summit earlier this summer, U.S. Bancorp Chairman, President and CEO Richard Davis spoke about the pros and cons of our current regulatory landscape and what he thinks the financial and settlement services industries can do to lead the country out of the Great Recession.
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