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Industry reacts to White House plan to lower housing costs, analyze title reform
Posted Date: Friday, March 8, 2024
Title industry leaders shared thoughts with The Title Report regarding President Joe Biden’s plan to lower housing costs, which includes waiving title insurance requirements on some refinances and analyzing potential reforms to the title industry.
The American Land Title Association calls the plan a “political gesture offering a false promise of savings for homeowners while exposing consumers, lenders and taxpayers to greater financial risk.”
Read on to find out more.
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Doma CEO expresses support for title waiver pilot in earnings call
Posted Date: Friday, March 15, 2024
Doma Holdings Inc. CEO Max Simkoff expressed support for President Joe Biden’s prospective title waiver pilot and efforts to improve housing affordability as part of his company fourth quarter earnings report.
For the fourth quarter, Doma showed improvement in revenue, retained premiums and fees and gross profit compared to the third quarter.
Read on to find out more information.
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Fathom Holdings establishes Texas JV
Posted Date: Friday, March 15, 2024
Fathom Holdings Inc. and its title subsidiary, Verus Title Inc., have formed a joint venture in Texas with plans to expand the model to more states this year.
Verus has expanded its footprint since being acquired by Fathom in 2020 and currently operates in 30 states and the District of Columbia.
Read on to find out more.
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DataTrace expands TitleFlex property data solution
Posted Date: Friday, March 15, 2024
DataTrace expanded its TitleFlex platform to include features like pre-defined specialty searches and custom prospect lists from more than 150 million residential properties.
The DataTrace system delivers title history information, property tax assessment and payment data, document images and property profiles in 47 states.
Read on to find out more information.
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SoftPro releases Association Online integration
Posted Date: Friday, March 15, 2024
SoftPro has added an integration with homeowners’ association document provider Association Online to its SoftPro 360 platform.
Read on to find out more information.
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FNF appoints underwriting counsel
Posted Date: Friday, March 15, 2024
Fidelity National Financial has brought back a former underwriting counsel to serve in the same capacity for its Mid-Atlantic region.
Read on to learn more.
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Redfin: New listings jump to 17-month high in February
Posted Date: Friday, March 15, 2024
The housing supply is finally rebounding as sellers get used to elevated mortgage rates, but it’s not rebounding enough to curb home price growth, according to Redfin.
Read on to learn more.
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True Title acquires Premier Title Group
Posted Date: Thursday, March 14, 2024
Growth continues for Missouri-based True Title Co. as it acquired another title agency in the state that it’s been operating in for roughly 30 years.
True Title is based in Clayton, Mo., with satellite offices throughout the St. Louis and Denver area, as well as affiliate offices in Illinois and Colorado.
Read on to find out more information.
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Washington title agency works to eliminate discriminatory provisions
Posted Date: Thursday, March 14, 2024
Washington state-based Vista Title and Escrow is allowing property buyers to file restrictive covenant modifications with county auditors at no additional cost.
This filing will allow the property owner to formerly declare the discriminatory covenants specifying racial restrictions that are written in a property’s title report as void and unenforceable.
Read on to find out more information.
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NFIB: Labor quality worries at lowest level in four years
Posted Date: Thursday, March 14, 2024
New data from the National Federation of Independent Business shows the share of small-business owners reporting labor quality as their top operating problem at its lowest level in four years.
Read on to find out more.
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Alanna.ai retains SOC 2 Type II certification
Posted Date: Thursday, March 14, 2024
Alanna.ai retained its SOC 2 Type II certification after an audit verifying compliance with highest industry standards for data security and financial controls.
Read on to learn more.
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Anywhere Integrated Services leader joins NAHREP board
Posted Date: Thursday, March 14, 2024
Anywhere Real Estate announced that one of its regional presidents has been appointed to the National Association of Hispanic Real Estate Professionals Corporate Board of Governors.
Read on to find out more.
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Economists projecting mid-year rate cut
Posted Date: Tuesday, March 12, 2024
Economists are becoming increasingly confident that the first federal funds rate cut since 2020 could happen as flowers are blooming in the late spring and early summer.
This aligns with what Mortgage Bankers Association Chief Economist Michael Fratantoni suggested during October Research’s 2024 Economic Forecast webinar in January.
Read on to find out more information.
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TitleEQ integrates with Liquid Logics LOS
Posted Date: Tuesday, March 12, 2024
A new integration between TitleEQ with Liquid Logics will provide access to closing services for lenders using Nova, Liquid Logic’s cloud-based loan origination system.
Read on to find out more information.
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Xactus names chief operating officer
Posted Date: Tuesday, March 12, 2024
Mortgage industry verification provider Xactus appointed a new chief operating officer, a 25-year industry veteran who previously served as the company’s chief data officer.
Read on for more.
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Redfin: Housing supply up for first time in 8 months
Posted Date: Tuesday, March 12, 2024
There are more homes for sale as spring approaches, and house hunters are hitting the pavement. Home touring activity is rising, and mortgage-purchase applications are up 11 percent in early March, according to Redfin.
Read on to find out more.
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Women in the title industry share their journeys
Posted Date: Friday, March 8, 2024
To mark the celebration of Women’s History Month, The Title Report reached out to some of the many women making strides in our industry to learn how they got there, how the industry supports them and what they’re looking forward to in 2024.
Women’s History Month was authorized by Congress on March 7, 1982, first as Women’s History Week, then eventually as the entire month in 1987. Each year, the president issues a proclamation calling for programs, ceremonies, and activities in honor of the powerful women shaping our society.
Read on to find out more.
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Fidelity National Title merges with Colorado title offices
Posted Date: Friday, March 8, 2024
Fidelity National Title in Colorado announced a brand merger with a pair of Colorado title offices that are part of a long-time network operating in the state.
Leadership shared further details on the move with The Title Report while offering insight on the 2024 housing market and important aspects when planning a merger or acquisition.
Read on to find out more information.
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Network Transaction Solutions launches ‘RON-as-a-service’ in California
Posted Date: Friday, March 8, 2024
Network Transaction Solutions has put forth its “RON-as-a-service” offering in California, which aims to help lenders or title agents seeking to deliver remote online notarization that are unable to provide necessary service and technology themselves.
Read on for more.
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Stewart taps new chief claims counsel
Posted Date: Friday, March 8, 2024
Stewart Title has found a new chief claims counsel, who will manage and lead the company’s team of experts in claim resolution while focusing on enhanced technology use and increasing efficiency.
Read on to find out more.
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Radian adds title platform to real estate marketplace
Posted Date: Tuesday, March 5, 2024
Radian Group Inc. and online real estate marketplace SOLD.com have partnered to give SOLD.com users access to Radian’s title insurance and closing services offering, titlegenius.
The move allows Radian to provide SOLD.com’s customers and network of more than 60,000 real estate agents with instant title quotes, generation of seller net sheets and more.
Read on to find out more information.
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Report: AI drives 1,760 percent jump in business email compromise
Posted Date: Tuesday, March 5, 2024
Generative artificial intelligence (AI) is heavily contributing to an unprecedented surge in business email compromise attacks, according to a new report.
Data identified the most prevalent attack trends as fraudsters leveraging generative AI and evasive tactics to target workspaces across many business sectors.
Read on to find out more information.
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Sage Title appoints first COO
Posted Date: Tuesday, March 5, 2024
Sage Title Co. of Houston appointed its first-ever chief operating officer, tapping a former litigation finance firm managing director with more than 20 years of legal experience.
Sage Title issues title insurance and provides closing and escrow services for commercial and residential real estate transactions in all market sectors.
Read on to find out more information.
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Viking Sasquatch obtains SOC2 Type II certification
Posted Date: Tuesday, March 5, 2024
Title technology firm Viking Sasquatch recently earned its SOC2 Type II certification, which verifies compliance with highest security standards to protect clients from unauthorized online access and detect anomalies.
Read on to find out more.
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Attorney purchases Ohio title agency
Posted Date: Friday, March 1, 2024
An Ohio attorney has worked his way up through the ranks of Mad River Title Agency to become its new owner. He offered insight to The Title Report in an exclusive interview.
Learning from a reputable title company, whether that be working for them or simply seeking their advice, is a vital precursor to taking over an agency, the new owner said.
Read on to find out more.
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ZOCCAM offers real-time payments through partnership
Posted Date: Friday, March 1, 2024
Real-time payment provider AppBrilliance is entering into a strategic partnership with real estate payments firm ZOCCAM Technologies, LLC.
Used by title companies and other financial institutions in all 50 states, ZOCCAM users will now be able to execute instant real estate payments with lowered fraud risk, company leaders said.
Read on to find out more information.
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Corporate Settlement Solutions names new CEO
Posted Date: Friday, March 1, 2024
Corporate Settlement Solutions (CSS) of North Olmsted, Ohio, has appointed a new CEO as its current lead officer steps into another position within the company.
CSS provided title, valuation and closing solutions to first mortgage and home equity lenders and was founded by the departing CEO more than 30 years ago.
Read on to find out more information.
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Wisconsin’s Quality Title Group unveils new website
Posted Date: Friday, March 1, 2024
Quality Title Group of Wisconsin has unveiled a new website with centralized access to the firm’s offices throughout the north central portion of the state.
Read on for more information.
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Punctual Abstract promotes to fill COO seat
Posted Date: Friday, March 1, 2024
Punctual Abstract of New Orleans has promoted an employee with more than two decades of company service to chief operations officer.
Read on to find out more information.
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Zillow: Homebuyers need to earn $47,000 more than in 2020
Posted Date: Friday, March 1, 2024
The income needed to comfortably afford a home is up 80 percent since 2020, while median income has risen just 23 percent in that time, according to Zillow.
Read on to find out more information.
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