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Are you interested in expanding your national commercial business? Pt. 1
Posted Date: Thursday, November 13, 2014
Daniel Fowler, CEO of Near North Title Group moderated the panel consisting of Colleen Morrison, vice president and counsel of Near North National Title, Steven Napolitano, CEO of First Nationwide Title Agency, Randy Shoemaker-Crump, senior vice president of Fidelity National Financial and John Stauffer, chairman and CEO of Title Midwest Inc. There are a few things national commercial customers want, according to Stauffer. They want someone they have a lot of confidence in. They don’t want to reteach another agent or underwriter what they’re looking for. They want one point of contact.
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Diane Evans returned to Seattle to be named president of ALTA
Posted Date: Tuesday, November 11, 2014
According to Diane Evans, the title industry is just one very large extended family.
“It’s been an incredible opportunity to work with amazing companies and great employees and other team members,” Evans said.
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HA&W partners with Fidelity National Title Group
Posted Date: Thursday, November 6, 2014
Habif, Arogeti & Wynne LLP is the newest partner with Fidelity National Title Group as a preferred vendor to its title agents for ALTA Best Practices compliance benchmarking and testing.
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Purchase and commercial favorable to First American in third quarter
Posted Date: Monday, October 27, 2014
First American Financial Corp. CEO Dennis Gilmore said a continued emphasis on operating efficiency, coupled with seasonal strength in the purchase and commercial markets, had a favorable impact on the title segment’s results in third quarter.
According to a release, the total revenue for the company in the third quarter of 2014 was $1.3 billion, a decline of 3 percent relative to the third quarter of 2013.
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Stewart sees solid improvement in 2014
Posted Date: Monday, October 27, 2014
Stewart Information Services Corp. CEO Matt W. Morris said the third quarter of 2014 showed a solid improvement over both the second quarter of 2014 and the third quarter of 2013.
“Although the residential housing market continues to be somewhat lackluster, we are seeing the beneficial results from executing on our strategic initiatives,” Morris said.
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Commercial pays off for Old Republic
Posted Date: Monday, October 27, 2014
Old Republic International Corp. reports its financial results for the third quarter and first nine months of 2014. According to the release, year-over-year title insurance operating income was lower as transitory weaknesses in housing-related markets eroded the fast-paced earnings progress of the past three years. Consolidated net income for the 2014 third quarter and year-to-date period once again was enhanced by the realization of substantial gains from sales of investment securities.
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FNF chairman expects strong fourth quarter
Posted Date: Tuesday, November 4, 2014
Fidelity National Financial (FNF) reported its operating results of its core segment, a provider of title insurance, technology and transaction services to the real estate and mortgage industries. Chairman William Foley said the third quarter was stable for the company’s title business. He said the focus on operational efficiency metrics allowed FNF to generate a 14.7 percent pretax title margin.
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CoreLogic launches compliance tool
Posted Date: Thursday, November 6, 2014
CoreLogic released a faster, lower cost, configurable, portfolio-level lien analysis solution for servicers. Read on for more details.
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Ohio county launches eRecording
Posted Date: Monday, November 3, 2014
A national eRecording service announces the first eRecording for one of Ohio’s most populous counties, along with a new integration with a business partner. Read on for all of the news.
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Closing Market gains new integration
Posted Date: Monday, November 3, 2014
A leading settlement solutions provider announced a new integration for its digital network. Read on to find out the details.
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Fidelity shares details of April breach
Posted Date: Tuesday, October 28, 2014
Fidelity National Financial released a letter stating it was a victim of a targeted phishing attack in April. Keep reading to learn more about the attack.
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Meridian Title completes SSAE 16 examination
Posted Date: Monday, October 27, 2014
Meridian Title Corp. of South Bend, Ind., recently had its processes, procedures and controls formally evaluated and tested by an independent account and auditing firm and passed.
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Two plead guilty in Las Vegas mortgage fraud scheme
Posted Date: Thursday, November 6, 2014
Alex Soria and Sonia Rodis of Las Vegas pled guilty to one count of pattern mortgage lending fraud, a category “B” felony, in connection with a mortgage fraud scam that operated under the name BioGreen Teck, LLC.
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Ohio prosecutors indict man accused of loan modification scheme
Posted Date: Tuesday, October 28, 2014
Prosecutors in Ohio last week indicted a man accused of bilking $250,000 from consumers in at least five states by operating a fraudulent loan modification scheme.
Robert Walker, a 43-year-old man from North Royalton, Ohio, was indicted on 21 counts of mail fraud and two counts of wire fraud.
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Florida, Southeast gain new agency managers
Posted Date: Monday, November 3, 2014
A title insurance company has named new agency managers for Florida and the Southeast/Mid Atlantic regions. Read on to find out who the new appointees are.
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Originations to increase 7 percent in 2015
Posted Date: Monday, October 27, 2014
The Mortgage Bankers Association said it expects to see $1.19 trillion in mortgage originations during 2015, a 7 percent increase from 2014. While it anticipates purchase originations to increase 15 percent, it expects refinance originations to decrease 3 percent.
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RealtyTrac: Foreclosure activity edges up in Q3
Posted Date: Tuesday, October 28, 2014
An increase in foreclosures is the first quarterly tick up in the U.S. in three years, RealtyTrac said. Read on to find out whether your market was affected.
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Demotech rates Ameristract Title
Posted Date: Thursday, November 6, 2014
Demotech Inc., a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers, affirmed the financial stability rating for Ameristract Title Insurance Co.
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Atlanta firm offers compliance assurance service
Posted Date: Tuesday, October 28, 2014
Tax and accounting firm Habif, Arogeti & Wynne LLP is the latest company to get behind ALTA’s Best Practices with a program it is billing as the “fastest and most affordable path to compliance.”
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Refinance transactions jump 23 percent, MBA says
Posted Date: Monday, October 27, 2014
The refinance transaction peaked out from the negative column recently. According to the Mortgage Bankers Association, the Refinance Index on Oct. 22 increased 23 percent from the previous week.
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