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The title industry reacts to the release of new mortgage disclosures
Posted Date: Friday, November 22, 2013
Title industry professionals shared their thoughts on the new mortgage disclosure forms released by the Consumer Financial Protection Bureau. Many are relieved to have 20 months to implement the changes and others have a few concerns.
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Fraudster gets four years for mortgage fraud
Posted Date: Friday, November 22, 2013
U.S. District Judge William Shubb sentenced Brandon Hanly, 33, of Redding, Calif., to four years in prison for a mortgage fraud scheme, U.S. Attorney Benjamin Wagner announced.
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CoreLogic releases November MarketPulse report
Posted Date: Thursday, November 21, 2013
CoreLogic, a residential property information, analytics and services provider, released its November MarketPulse report where economists discuss significant trends in residential mortgage performance in 2013.
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Indecomm document management group e-records in Hawaii
Posted Date: Thursday, November 21, 2013
Indecomm Global Services is enabling lenders and title agents to use its Trusted Submitter status to e-record as well as paper record in the regular system at the Bureau of Conveyances in the state of Hawaii.
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North American AgentLink and Landtech integrate for policy jackets, CPLs
Posted Date: Thursday, November 21, 2013
Landtech Data Corp. announced the North American AgentLink – Landtech integration for both policy jackets and CPL download requests are now available in the latest release of the Landtech XML Settlement System. Clients will now be able to request and receive North American Title Insurance Co. policy jackets and CPLs from within their Landtech XML Settlement System.
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Cloudstar adds strategic account manager
Posted Date: Wednesday, November 20, 2013
Cloudstar, a provider of security, compliance and cloud technology systems for the land title industry hired a new strategic account manager.
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CFPB files new captive reinsurance enforcement action
Posted Date: Wednesday, November 20, 2013
The Consumer Financial Protection Bureau (CFPB) took action against Republic Mortgage Insurance Corporation (RMIC), for allegedly paying illegal kickbacks to mortgage lenders in exchange for business. The CFPB filed a complaint and proposed consent order against RMIC to stop these practices. The proposed order will require RMIC to pay a $100,000 penalty to the CFPB, and follows four similar actions announced earlier this year.
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Mortgage disclosure forms released - Updated
Posted Date: Wednesday, November 20, 2013
The wait is finally over. The Consumer Financial Protection Bureau released the new mortgage disclosure forms and their implementing rule. The final rule provides answers to many of the industry’s long-standing questions about the RESPA/Truth in Lending Act proposal released last year.
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Secure Settlements Inc. changes model, adds new technology
Posted Date: Monday, November 18, 2013
Secure Settlements Inc., a data intelligence and risk analytics company for the mortgage industry specializing in third-party vetting and ongoing monitoring, is now offering lenders more options for how it charges for its services. The company also added a new mobile app and achieved SSAE Audit Certification. Keep reading to learn about these changes.
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U.S. Foreclosure activity increases 2 percent in October
Posted Date: Monday, November 18, 2013
RealtyTrac released its U.S. Foreclosure Market Report for October, which shows foreclosure filings, default notices, scheduled auctions and bank repossessions were reported on 133,919 U.S. properties in October.
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Simplifile e-recording now available in New York City
Posted Date: Monday, November 18, 2013
Simplifile, an electronic recording service provider, announced that customers may submit documents for e-recording in New York City, enabling faster, cost-effective recording for local and national document submitters.
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Cloudstar hires new strategic account manager
Posted Date: Thursday, November 14, 2013
Cloudstar hired a new strategic account manager with 28 years of leadership in the land title industry delivering responsive service, industry expertise and client advocacy.
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Title365 Company appoints new senior vice president, national sales
Posted Date: Thursday, November 14, 2013
Title365 Company, a provider of title insurance and escrow services, announced the appointment of a new senior vice president of national sales to focus on the development of title and closing services, data and analytics and technology services for the National Solutions Division.
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The Closing Agent acquires Title America of Central Florida
Posted Date: Thursday, November 14, 2013
The Closing Agent, powered by Barry Miller Law, announced its recent acquisition of Title America of Central Florida. Effective Nov. 1, former Title America owner Cassie Fleming will be officially joining The Closing Agent team.
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reQuire brings on COO, names chief strategy officer
Posted Date: Tuesday, November 12, 2013
Virginia-based reQuire LLC, the nation's leading online release tracking
and reporting company, announced a new chief operating officer and the
appointment for a new chief strategy officer position.
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Investors Title announces quarterly cash dividend
Posted Date: Tuesday, November 12, 2013
J. Allen Fine, Chairman of the Board of Investors Title Co., announced
that the company's board of directors has declared a cash dividend.
Investors Title is a publicly held North Carolina company whose stock is
traded on The NASDAQ Global Market.
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Live update from NAILTA Annual Conference
Posted Date: Tuesday, November 12, 2013
The National Association of Independent Land Title Agents is gathered in
New Orleans at the historical Hotel Monteleone for the group's Sixth
Annual National Conference. The first day was educational with a variety of speakers including
Meredith Iler from Helping a Hero, Darryl Turner, chief executive
officer of Darryl Turner Companies and Brian Webster, originations
program manager, from the Consumers Financial Protection Bureau.
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Stewart execs discuss Trusted Provider Program, escrow security bond, new homebuilder sales team
Posted Date: Tuesday, November 12, 2013
Stewart’s Chief Executive Officer Matt Morris said the company is
taking a longer term view with a higher level of service going into
2014. He said, “We’re in the seventh inning. We haven’t completed all
the plans we set out for yet, but we’re happy to see the progress we've
made.”
Morris said the company has made a lot of changes in the
past year, to its customers’ and the company’s benefit. 2012 was a strong year financially, more than 1,500
agents have taken advantage of the Stewart Trusted Provider Program, and the company is now offering
escrow security bonds to add further assurances.
“People are saying we provide the services
they need, and we’re always the first ones out there, making them
aware,” Morris said. “I think that’s rewarding because they are part of
the highest-quality agency network. They can now market themselves as
such. That’s how the Trusted Provider network came to happen. We have
done a significant amount of work in developing the highest standard
agency network.”
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Echoworx Corp. partners with Cloudstar to provide e-mail encryption
Posted Date: Friday, November 8, 2013
Echoworx Corp. announced its partnership with Cloudstar to provide email encryption solutions to Cloudstar customers leveraging the OneWorld Email Encryption platform. Following the integration of Echoworx OneWorld, Cloudstar will begin offering encryption solutions to its customers before the end of the fourth quarter 2013.
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Fidelity acquires Northern Nevada Title Co.
Posted Date: Friday, November 8, 2013
Fidelity National Financial acquired Northern Nevada Title Co. on Nov. 1. The name will remain the same and all 13 employees will remain with the company.
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Fidelity National Financial CEO transitions out, president promoted to CEO
Posted Date: Friday, November 8, 2013
Fidelity National Financial Inc. announced that Chief Executive Officer George Scanlon will be transitioning from that role effective Dec. 7. Current President, Raymond Quirk was named the company’s new chief executive officer and Brent Bickett, executive vice president, corporate finance was named the company’s president.
“George has done an excellent job leading the company for the last three years and the company’s profitability and shareholder returns have improved under his leadership,” said Chairman William Foley, II. “As we are working towards the closing and integration of Lender Processing Services, Inc., we have decided to reallocate the CEO responsibilities to Randy and Brent.”
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CoreLogic reports home prices rise by 12 percent year over year in September
Posted Date: Thursday, November 7, 2013
CoreLogic, a residential property information, analytics and services provider, released its September CoreLogic Home Price Index report. Home prices nationwide, including distressed sales, increased 12 percent on a year-over-year basis in Sept. 2013 compared to Sept. 2012. This change represents the 19th consecutive monthly year-over-year increase in home prices nationally.
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Webinar offers guidance on beginning business in a new state
Posted Date: Thursday, November 7, 2013
Webinar offers guidance on beginning business in a new state
While title companies develop business strategies for 2014, many will look toward growth opportunities and expansion into new markets. But what is required to grow your footprint successfully? How do you manage the business expansion, and when is the right time to grow?
The Title Report is hosting a 75-minute webinar to answer these questions and guide you through numerous considerations when planning your business for that next step. Entering New Markets in 2014: Where to Go, How to Get There, Tools You’ll Need airs Thursday, Nov. 21, 2013, at 2 p.m. ET. The webinar features industry professionals who will offer insight on moving toward growth; resources and tools needed for sustainable growth; and what it takes to begin business in a new state.
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Title Financial acquires Jackson Hole Title & Escrow
Posted Date: Thursday, November 7, 2013
Title Financial Corp. announced the acquisition of Jackson Hole Title & Escrow in Jackson, Wyo. Jackson Hole joins Big Horn Title in Buffalo, Wyo., and Gillette Title Services in Gillette, Wyo., as Title Financial’s third acquisition since 2012.
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First American Financial declares quarterly cash dividend
Posted Date: Thursday, November 7, 2013
First American Financial Corp., a global provider of title insurance and settlement services for real estate transactions, announced its board of directors declared a quarterly cash dividend of 12 cents per common share.
The cash dividend is payable on Dec. 16, 2013 to shareholders of record as of Dec. 9, 2013.
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