|
Industry: TRID move a surprise, and an opportunity
Posted Date: Tuesday, May 3, 2016
The housing industry was eager to react to the CFPB’s letter to industry associations and their members. Greater Illinois Title President and CEO Greg Kosin said this is the first concrete evidence that they recognize that implementation has been bumpy and real world problems exist and need to be addressed. Read on to learn more.
|
|
|
Conversations with the C-Suite: Agents National Title Insurance Co.
Posted Date: Monday, April 18, 2016
Welcome to the latest Conversations with the C-Suite, exclusive to The Title Report. In these features we talk to the leaders of the industry about their business priorities, plans for the future and what title agents need to know to succeed. In this edition, Editor Tara Quinn spoke with Agents National Title Insurance Co. CEO and President David Townsend. He said after two years of focusing on compliance, Agents once again is concentrating on business development.
|
|
|
First American reports soaring Q1 profits
Posted Date: Sunday, April 24, 2016
First American Financial Corp. announced financial results for the first quarter 2016. Total revenue for the first quarter of 2016 was $1.2 billion, an increase of 8 percent relative to the first quarter of 2015, but profits grew much more than that. Keep reading to learn more about how the company performed.
|
|
|
Stewart releases earnings, announces restructure
Posted Date: Thursday, April 21, 2016
Stewart Information Services Corp. released its earnings for the first quarter. CEO Matt Morris discussed a recent restructure of the company as well as the completion of the delinquent loan servicing wind down. Read on to learn more.
|
|
|
NAILTA expanding with mission to protect independent agent
Posted Date: Sunday, April 17, 2016
The National Association of Independent Land Title Agents (NAILTA) is rebuilding and expanding. President Van Winton told The Title Report its mission is to show how independent agents benefit the consumer’s settlement experience. Read on to learn more.
|
|
|
Use of portals to grow after uncertain start
Posted Date: Sunday, April 17, 2016
The Title Report attended the, “Pack of Portals: Choosing Wisely” session at ALTA’s Business Strategies conference. The panel said collaboration portals are designed to offer secure communications and efficiencies. Keep reading to learn more about their use and implementation.
|
|
|
Beige Book: Construction, real estate activity expanding
Posted Date: Thursday, April 14, 2016
Expansion continued in the real estate and construction markets, according to the latest report from the Federal Reserve. Read on to find out what the Fed’s Beige Book had to say about these activities in its latest reporting period.
|
|
|
Title insurance premium volume best since 2007
Posted Date: Sunday, April 24, 2016
The title insurance industry generated $13.1 billion in title insurance premiums in 2015, up nearly 16 percent from 2014, according to the American Land Title Association’s (ALTA) 2015 year-end and fourth-quarter Market Share Analysis. Read on to learn more.
|
|
|
Consumer sentiment on the rise going into homebuying season
Posted Date: Sunday, April 24, 2016
Berkshire Hathaway HomeServices released results of its latest Homeowner Sentiment Survey. It indicated current and prospective homeowners are increasingly optimistic about U.S. real estate. Keep reading to learn more.
|
|
|
Time to close decreases to post-TRID rate
Posted Date: Friday, April 22, 2016
After months of longer closing times, the latest Ellie Mae Origination Insight Report shows that closing time decreased in March. Read on to find out how much faster closings got in the month.
|
|
|
Knight Barry opens second Door County office
Posted Date: Thursday, April 21, 2016
Knight Barry announced that it has opened its second office in Door County, Wisc. The company said the new office will work together with the company’s existing office in Sturgeon Bay to grow the business in the county. Read on for the details.
|
|
|
First International Title expands in New York
Posted Date: Tuesday, April 19, 2016
First International Title expanded its operations into New York. This latest move, along with the 2015 purchase of First Western Title in Texas, now provides the company with operations in three of the top four states in premiums written. Read on to learn more.
|
|
|
First International Title earns SOC 1 compliance
Posted Date: Tuesday, April 12, 2016
First International, an independent title agent in Florida, completed a rigorous third-part data security compliance assessment and has met the demanding requirements of the Service Organization Control (SOC) 1 standards. Read on to learn more.
|
|
|
ALAW expands into North Carolina
Posted Date: Thursday, April 14, 2016
ALAW, a law firm providing litigation, collection, title and closing services for the mortgage banking industry, expanded into North Carolina. The firm also announced the addition of a managing attorney for the North Carolina expansion. Read on for the details.
|
|
|
Keeping your business safe from cyberattackers
Posted Date: Thursday, April 21, 2016
During his presentation at ALTA Business Strategies Chief Cybersecurity Business Strategist Renault Ross of Symantec Americas Strategic Programs said, by far, small-to-medium-sized businesses are the most targeted by cyberattackers. He said you can patch a computer, but you can’t patch a person. Read on to learn more.
|
|
|
RealtyTrac launched enhanced API product
Posted Date: Tuesday, April 19, 2016
RealtyTrac launched its enhanced Application Program Interface (API) product. It features streamlined enterprise-level access to its nationwide public record property data for more than 150 million U.S. parcels. Read on to learn more.
|
|
|
Safe Systems launches enhanced cybersecurity assessment tool
Posted Date: Tuesday, April 19, 2016
Safe Systems announced the availability of its Enhanced Cybersecurity Assessment Tool for financial institutions. The application is designed to help them complete the complex FFIEC Cybersecurity Assessment Tool. Read on to learn more.
|
|
|
WFG names national sales director
Posted Date: Thursday, April 21, 2016
WFG Lender Services named a national sales director. He will work to grow the WFGLS client base, while also serving as a resource for existing clients. Read on to learn more.
|
|
|
Coast Title Insurance Agency adds closing processor
Posted Date: Thursday, April 21, 2016
Coast Title Insurance Agency announced the addition of a closing processor. Its owner said the newest member of the team is a good fit for the business and also gives back and cares about the community. Keep reading to learn more.
|
|
|
Entitle Direct Group builds California sales team
Posted Date: Sunday, April 17, 2016
Entitle Direct Group appointed a vice president of title services business development, Western Division. She will further EnTitle Insurance Co.’s expansion in the Southern California market. Read on to learn more.
|
|
|
Professional Title adds three to team
Posted Date: Thursday, April 14, 2016
Professional Title added three new employees. It is the oldest family-owned title agency in the Daytona Beach, Fla., area. Read on to learn more.
|
|
|
ComplianceEase appoints SVP of government and industry relations
Posted Date: Thursday, April 14, 2016
ComplianceEase appointed a former chairman of the Mortgage Bankers Association to the role of senior vice president of government and industry relations. In this role, he will oversee the company’s interactions with federal and state regulators, GSEs, capital markets participants and mortgage industry groups. Keep reading to learn more.
|
|
|
Economic growth outlook little changed, Fannie Mae says
Posted Date: Tuesday, April 19, 2016
Economic growth stalled during the first quarter of 2016 but the full-year outlook remains little changed, according to Fannie Mae’s Economic & Strategic Research Group’s April 2016 Economic and Housing Outlook. The ESR Group does not view weakness in the first quarter as the start of deteriorating economic activity, and expects slightly better growth in the second quarter. Keep reading to learn more.
|
|
|
CFPB to reopen TRID rulemaking
Posted Date: Thursday, April 28, 2016
Industry communications with the Consumer Financial Protection Bureau (CFPB) appear to have paid off. Nearly seven months after the implementation of the CFPB’s TILA-RESPA Integrated Disclosure (TRID) rule, the bureau announced that it would reopen rulemaking, with a notice of proposed rulemaking expected to be released by late July.
|
|
|
Existing home sales up in March
Posted Date: Sunday, April 24, 2016
Bolstered by big gains in the Northeast and Midwest, existing-home sales bounced back in March and remained slightly up from a year ago, according to the National Association of Realtors. Sales rose in all four major regions last month and are up modestly from March 2015. Read on to learn more.
|
|
|
NS3 Preview: Industry leaders panel up to share insights
Posted Date: Sunday, April 24, 2016
When the industry gathers in Charlotte, N.C., June 6-8 for the National Settlement Services Summit, it will have a chance to hear from a host of top underwriter and lender executives in three panels. Read on to find out who will be featured, and what to expect from some of the most dynamic sessions at the conference.
|
|
|
|
2016 Voice of the Title Agent Special Report
Posted Date: Thursday, April 21, 2016
The industry changed in 2015 like few times in its history. The TILA-RESPA Integrated Disclosure (TRID) rule took effect and altered the way the industry worked together in the homebuying process. A continued focus on government regulations brought scrutiny to areas from affiliated businesses to marketing services agreements, vetting to cybersecurity.
|
|
|
Home sellers in March realized high home prices
Posted Date: Thursday, April 21, 2016
RealtyTrac’s latest home sales report shows that sellers made out well in March, with gains from their sale at levels unseen since the start of the Great Recession. Read on to find out how much sellers made and what was behind the leap from a month earlier.
|
|
|
NS3 Preview: Lender Oversight PACE Lap sessions focus on liability, compliance
Posted Date: Tuesday, April 19, 2016
This year at the National Settlement Services Summit (NS3) June 6-8 October Research, LLC will be offering an all-new feature called the Lender Oversight PACE Lap. It will feature four high-impact sessions examining a range of third-party compliance issues. One of these speakers, Brent Laliberte gave The Title Report a preview of the sessions. Keep reading to learn more.
|
|
|
PLS adds to account executive team
Posted Date: Tuesday, April 19, 2016
Professional Lien Search (PLS), a property intelligence company, announced it welcomed a new member to its account executive team. He said he was attracted to PLS because the company is growing steadily and he wants to help the innovative company continue to change the face of the industry. Read on to learn more.
|
|
|
Applications for new home purchases up in March
Posted Date: Sunday, April 17, 2016
The Mortgage Bankers Association Builder Application Survey data for March 2016 shows mortgage applications for new-home purchases increased by 17 percent from the previous month. The survey tracks application volume from mortgage subsidiaries of home builders across the country. Read on to learn more.
|
|
|
|
National foreclosure inventory down, CoreLogic says
Posted Date: Thursday, April 14, 2016
CoreLogic released its February 2016 National Foreclosure Report, showing the foreclosure inventory declined by 23.9 percent and completed foreclosures declined by 10 percent compared with February 2015. Read on to learn more.
|
|
|
Home-related delinquencies fall sharply in fourth quarter
Posted Date: Tuesday, April 12, 2016
Consumer delinquencies in key home-related categories fell sharply in last year’s fourth quarter as home values steadily increased, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. ABA Chief Economist James Chessen said it’s been a long, rocky road, but home equity delinquencies finally have worked their way back to historical norms. Keep reading to learn more.
|
|
|
North American Title Group names director of product management
Posted Date: Tuesday, April 12, 2016
North American Title Group named a director of product management, a new position for the company. President Tom Fischer said he has an extensive background in title, underwriting and technology systems. Read on to learn more.
|
|