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INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
HIGHLAND TITLE & ESCROW OPENS MARYLAND OFFICE Industry News. Tuesday, May 4, 2021. Highland Title & Escrow announced it opened a new office in Frederick, Md., to accommodate rapid growth in the area. The company has offices in Washington, D.C., Virginia and Maryland. “The decision to expand our presence into Frederick, Md., was a logical step in our business growth strategy,” President TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't ERNST INFORMATION SERVICES Celebrating our 25th anniversary, MBA Tech All Star and processing over 1 billion transactions; Ernst is the partner the industry trusts in meeting the new CFPB requirements for Loan Estimates and Closing Disclosures with 100% guaranteed accuracy. At Ernst we produce award winning technical solutions with unparalleled data expertise. We create custom solutions for our clients using their fees SETCO SERVICES ACQUIRES B&R CLOSING SERVICES SETCO Services, LLC, a Florida panhandle-based title and escrow company, has acquired B&R Closing Services, Inc., operating as Odom and Barlow. SETCO Services CEO George Brannon Jr. said Barbara Barlow will join the SETCO team and stay on as manager of the Navarre, Fla., location. This is SETCO’s 10th office in the Florida Panhandle area. SOLIDIFI APPOINTS NATIONAL SALES MANAGER Solidifi has appointed Len Franco as senior vice president, national sales manager, the company announced.. The company said Franco is a leader in the mortgage information services and real estate industry and has engineered the impressive growth of multiple mortgage-relatedcompanies.
OLD REPUBLIC CREDIT SERVICES Old Republic Credit Services is the go-to provider of credit-related services for thousands of mortgage brokers, bankers, credit unions and lenders. From loan origination to loan close, from the first pull of credit to the final credit review (and all the in-between - like tax, social security number and employment verifications, fraud prevention and undisclosed debt monitoring), we can STEWART ACQUIRES A.S.K. SERVICES Stewart Information Services Corp. acquired A.S.K. Services, Inc., which provides search and support services to the title industry. Stewart Agency Services Group President Tara Smith expects the move to strengthen and expand the company’s ability to provide integrated title production to Stewart’s independent agency customers. Read on for more from Smith and A.S.K. Services executives RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
STEWART ACQUIRES A.S.K. SERVICES Stewart Information Services Corp. acquired A.S.K. Services, Inc., which provides search and support services to the title industry. Stewart Agency Services Group President Tara Smith expects the move to strengthen and expand the company’s ability to provide integrated title production to Stewart’s independent agency customers. Read on for more from Smith and A.S.K. Services executives SETCO SERVICES ACQUIRES B&R CLOSING SERVICES SETCO Services, LLC, a Florida panhandle-based title and escrow company, has acquired B&R Closing Services, Inc., operating as Odom and Barlow. SETCO Services CEO George Brannon Jr. said Barbara Barlow will join the SETCO team and stay on as manager of the Navarre, Fla., location. This is SETCO’s 10th office in the Florida Panhandle area. OLD REPUBLIC CREDIT SERVICES Old Republic Credit Services is the go-to provider of credit-related services for thousands of mortgage brokers, bankers, credit unions and lenders. From loan origination to loan close, from the first pull of credit to the final credit review (and all the in-between - like tax, social security number and employment verifications, fraud prevention and undisclosed debt monitoring), we can INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
ERNST INFORMATION SERVICES Celebrating our 25th anniversary, MBA Tech All Star and processing over 1 billion transactions; Ernst is the partner the industry trusts in meeting the new CFPB requirements for Loan Estimates and Closing Disclosures with 100% guaranteed accuracy. At Ernst we produce award winning technical solutions with unparalleled data expertise. We create custom solutions for our clients using their fees HIGHLAND TITLE & ESCROW OPENS MARYLAND OFFICE Industry News. Tuesday, May 4, 2021. Highland Title & Escrow announced it opened a new office in Frederick, Md., to accommodate rapid growth in the area. The company has offices in Washington, D.C., Virginia and Maryland. “The decision to expand our presence into Frederick, Md., was a logical step in our business growth strategy,” President SOLIDIFI APPOINTS NATIONAL SALES MANAGER Solidifi has appointed Len Franco as senior vice president, national sales manager, the company announced.. The company said Franco is a leader in the mortgage information services and real estate industry and has engineered the impressive growth of multiple mortgage-relatedcompanies.
TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. SURVEY: TWO-THIRDS OF PANDEMIC RELOCATORS IN GOOD 20 hours ago · About two-thirds of surveyed Redfin.com users who relocated between March 2020 and March 2021 have the same or lower housing costs, and almost as many said their new home is the same size or bigger. Read on for more from the survey. WHAT DOES THE HOUSING MARKET LOOK LIKE FOR REST OF 2021 ATTOM Chief Product and Technology Officer Todd Teta and Altos Research founder and CEO Michael Simonsen recently took a comprehensive look at the mid-year housing market. The two analyzed current market conditions and shared their forecasts on what to expect for the rest of the year. Read on for details about what Teta and Simonsen had to say. STUDY: THURSDAY LISTINGS SELL FASTER, FOR MORE MONEY Homes listed on a Thursday sell faster and are more likely to sell above list price, according to a Zillow study. Read on for more from Zillow’s analysis, including which listing day leaves houses on themarket the longest.
NEWS | THE TITLE REPORT Maryland-based Passport Title Services has chosen Qualia as its new title production software. Passport Title Chief Growth Officer Kenney Cotter said the Qualia suite of services will help “future-proof” the digital native title company, which employs remote staff across Florida, Kentucky, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia and Washington, D.C. LAW FIRM LAUNCHES ‘TITLE NERDS’ PODCAST Law firm Ricker Danzig, based in New Jersey, recently launched a title insurance podcast called “Title Nerds,” which will explore the intricacies two firm partners have addressed through their decades representing title insurance companies and their insured lenders and property owners. The podcast will feature firm members as well asoutside speakers.
PROPER TITLE EXPANDS STAFF Chicago-based Proper Title, LLC, recently boosted its staff with the hiring of an assistant vice president of commercial business development, a senior commercial underwriting consultant and counsel, a senior underwriting counsel, a director of title operations, a director of post-closing and settlement services, and a senior escrowofficer.
DOMA REVENUES RISE 80 PERCENT YEAR-OVER-YEAR Doma Holdings, Inc., reported first quarter total revenues of $128 million, up 80 percent from a year ago. That “far exceeded our budgeted expectations,” Doma CEO Max Simkoff said. He attributed the company’s strong performance to both the robust housing market and continued market share gains. Read on for more from the company’s first-quarter earnings report. SNAPDOCS RAISES $150 MILLION IN FUNDING Digital closing platform Snapdocs announced $150 million in Series D funding the company expects will help build the necessary infrastructure to connect lenders, settlement services and borrowers to digitize mortgage closings at scale. The Series D funding round was led by Tiger Global, with participation from Sequoia, Y Combinator, F-Prime, Maverick, Alkeon, and Wellington Management. OPENDOOR EXPANDS INTO THREE NEW MARKETS Residential real estate digital platform Opendoor announced its launch into three new markets to provide homeowners across the U.S. with a streamlined way to sell their homes. Opendoor provides homeowners with a digital solution and a competitive all-cash offer, allowing them to sell their home without a traditional sale. Read on for more about the company’s expansion. RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
HIGHLAND TITLE & ESCROW OPENS MARYLAND OFFICE Industry News. Tuesday, May 4, 2021. Highland Title & Escrow announced it opened a new office in Frederick, Md., to accommodate rapid growth in the area. The company has offices in Washington, D.C., Virginia and Maryland. “The decision to expand our presence into Frederick, Md., was a logical step in our business growth strategy,” President TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't ERNST INFORMATION SERVICES Celebrating our 25th anniversary, MBA Tech All Star and processing over 1 billion transactions; Ernst is the partner the industry trusts in meeting the new CFPB requirements for Loan Estimates and Closing Disclosures with 100% guaranteed accuracy. At Ernst we produce award winning technical solutions with unparalleled data expertise. We create custom solutions for our clients using their fees SETCO SERVICES ACQUIRES B&R CLOSING SERVICES SETCO Services, LLC, a Florida panhandle-based title and escrow company, has acquired B&R Closing Services, Inc., operating as Odom and Barlow. SETCO Services CEO George Brannon Jr. said Barbara Barlow will join the SETCO team and stay on as manager of the Navarre, Fla., location. This is SETCO’s 10th office in the Florida Panhandle area. SOLIDIFI APPOINTS NATIONAL SALES MANAGER Solidifi has appointed Len Franco as senior vice president, national sales manager, the company announced.. The company said Franco is a leader in the mortgage information services and real estate industry and has engineered the impressive growth of multiple mortgage-relatedcompanies.
OLD REPUBLIC CREDIT SERVICES Old Republic Credit Services is the go-to provider of credit-related services for thousands of mortgage brokers, bankers, credit unions and lenders. From loan origination to loan close, from the first pull of credit to the final credit review (and all the in-between - like tax, social security number and employment verifications, fraud prevention and undisclosed debt monitoring), we can STEWART ACQUIRES A.S.K. SERVICES Stewart Information Services Corp. acquired A.S.K. Services, Inc., which provides search and support services to the title industry. Stewart Agency Services Group President Tara Smith expects the move to strengthen and expand the company’s ability to provide integrated title production to Stewart’s independent agency customers. Read on for more from Smith and A.S.K. Services executives RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
HIGHLAND TITLE & ESCROW OPENS MARYLAND OFFICE Industry News. Tuesday, May 4, 2021. Highland Title & Escrow announced it opened a new office in Frederick, Md., to accommodate rapid growth in the area. The company has offices in Washington, D.C., Virginia and Maryland. “The decision to expand our presence into Frederick, Md., was a logical step in our business growth strategy,” President TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't ERNST INFORMATION SERVICES Celebrating our 25th anniversary, MBA Tech All Star and processing over 1 billion transactions; Ernst is the partner the industry trusts in meeting the new CFPB requirements for Loan Estimates and Closing Disclosures with 100% guaranteed accuracy. At Ernst we produce award winning technical solutions with unparalleled data expertise. We create custom solutions for our clients using their fees SETCO SERVICES ACQUIRES B&R CLOSING SERVICES SETCO Services, LLC, a Florida panhandle-based title and escrow company, has acquired B&R Closing Services, Inc., operating as Odom and Barlow. SETCO Services CEO George Brannon Jr. said Barbara Barlow will join the SETCO team and stay on as manager of the Navarre, Fla., location. This is SETCO’s 10th office in the Florida Panhandle area. SOLIDIFI APPOINTS NATIONAL SALES MANAGER Solidifi has appointed Len Franco as senior vice president, national sales manager, the company announced.. The company said Franco is a leader in the mortgage information services and real estate industry and has engineered the impressive growth of multiple mortgage-relatedcompanies.
OLD REPUBLIC CREDIT SERVICES Old Republic Credit Services is the go-to provider of credit-related services for thousands of mortgage brokers, bankers, credit unions and lenders. From loan origination to loan close, from the first pull of credit to the final credit review (and all the in-between - like tax, social security number and employment verifications, fraud prevention and undisclosed debt monitoring), we can STEWART ACQUIRES A.S.K. SERVICES Stewart Information Services Corp. acquired A.S.K. Services, Inc., which provides search and support services to the title industry. Stewart Agency Services Group President Tara Smith expects the move to strengthen and expand the company’s ability to provide integrated title production to Stewart’s independent agency customers. Read on for more from Smith and A.S.K. Services executives MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. SURVEY: TWO-THIRDS OF PANDEMIC RELOCATORS IN GOOD 19 hours ago · About two-thirds of surveyed Redfin.com users who relocated between March 2020 and March 2021 have the same or lower housing costs, and almost as many said their new home is the same size or bigger. Read on for more from the survey. WHAT DOES THE HOUSING MARKET LOOK LIKE FOR REST OF 2021 ATTOM Chief Product and Technology Officer Todd Teta and Altos Research founder and CEO Michael Simonsen recently took a comprehensive look at the mid-year housing market. The two analyzed current market conditions and shared their forecasts on what to expect for the rest of the year. Read on for details about what Teta and Simonsen had to say. STUDY: THURSDAY LISTINGS SELL FASTER, FOR MORE MONEY Homes listed on a Thursday sell faster and are more likely to sell above list price, according to a Zillow study. Read on for more from Zillow’s analysis, including which listing day leaves houses on themarket the longest.
NEWS | THE TITLE REPORT Maryland-based Passport Title Services has chosen Qualia as its new title production software. Passport Title Chief Growth Officer Kenney Cotter said the Qualia suite of services will help “future-proof” the digital native title company, which employs remote staff across Florida, Kentucky, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia and Washington, D.C. LAW FIRM LAUNCHES ‘TITLE NERDS’ PODCAST Law firm Ricker Danzig, based in New Jersey, recently launched a title insurance podcast called “Title Nerds,” which will explore the intricacies two firm partners have addressed through their decades representing title insurance companies and their insured lenders and property owners. The podcast will feature firm members as well asoutside speakers.
PROPER TITLE EXPANDS STAFF Chicago-based Proper Title, LLC, recently boosted its staff with the hiring of an assistant vice president of commercial business development, a senior commercial underwriting consultant and counsel, a senior underwriting counsel, a director of title operations, a director of post-closing and settlement services, and a senior escrowofficer.
DOMA REVENUES RISE 80 PERCENT YEAR-OVER-YEAR Doma Holdings, Inc., reported first quarter total revenues of $128 million, up 80 percent from a year ago. That “far exceeded our budgeted expectations,” Doma CEO Max Simkoff said. He attributed the company’s strong performance to both the robust housing market and continued market share gains. Read on for more from the company’s first-quarter earnings report. SNAPDOCS RAISES $150 MILLION IN FUNDING Digital closing platform Snapdocs announced $150 million in Series D funding the company expects will help build the necessary infrastructure to connect lenders, settlement services and borrowers to digitize mortgage closings at scale. The Series D funding round was led by Tiger Global, with participation from Sequoia, Y Combinator, F-Prime, Maverick, Alkeon, and Wellington Management. OPENDOOR EXPANDS INTO THREE NEW MARKETS Residential real estate digital platform Opendoor announced its launch into three new markets to provide homeowners across the U.S. with a streamlined way to sell their homes. Opendoor provides homeowners with a digital solution and a competitive all-cash offer, allowing them to sell their home without a traditional sale. Read on for more about the company’s expansion. RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
HIGHLAND TITLE & ESCROW OPENS MARYLAND OFFICE Industry News. Tuesday, May 4, 2021. Highland Title & Escrow announced it opened a new office in Frederick, Md., to accommodate rapid growth in the area. The company has offices in Washington, D.C., Virginia and Maryland. “The decision to expand our presence into Frederick, Md., was a logical step in our business growth strategy,” President TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't ERNST INFORMATION SERVICES Celebrating our 25th anniversary, MBA Tech All Star and processing over 1 billion transactions; Ernst is the partner the industry trusts in meeting the new CFPB requirements for Loan Estimates and Closing Disclosures with 100% guaranteed accuracy. At Ernst we produce award winning technical solutions with unparalleled data expertise. We create custom solutions for our clients using their fees SETCO SERVICES ACQUIRES B&R CLOSING SERVICES SETCO Services, LLC, a Florida panhandle-based title and escrow company, has acquired B&R Closing Services, Inc., operating as Odom and Barlow. SETCO Services CEO George Brannon Jr. said Barbara Barlow will join the SETCO team and stay on as manager of the Navarre, Fla., location. This is SETCO’s 10th office in the Florida Panhandle area. SOLIDIFI APPOINTS NATIONAL SALES MANAGER Solidifi has appointed Len Franco as senior vice president, national sales manager, the company announced.. The company said Franco is a leader in the mortgage information services and real estate industry and has engineered the impressive growth of multiple mortgage-relatedcompanies.
OLD REPUBLIC CREDIT SERVICES Old Republic Credit Services is the go-to provider of credit-related services for thousands of mortgage brokers, bankers, credit unions and lenders. From loan origination to loan close, from the first pull of credit to the final credit review (and all the in-between - like tax, social security number and employment verifications, fraud prevention and undisclosed debt monitoring), we can STEWART ACQUIRES A.S.K. SERVICES Stewart Information Services Corp. acquired A.S.K. Services, Inc., which provides search and support services to the title industry. Stewart Agency Services Group President Tara Smith expects the move to strengthen and expand the company’s ability to provide integrated title production to Stewart’s independent agency customers. Read on for more from Smith and A.S.K. Services executives RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
HIGHLAND TITLE & ESCROW OPENS MARYLAND OFFICE Industry News. Tuesday, May 4, 2021. Highland Title & Escrow announced it opened a new office in Frederick, Md., to accommodate rapid growth in the area. The company has offices in Washington, D.C., Virginia and Maryland. “The decision to expand our presence into Frederick, Md., was a logical step in our business growth strategy,” President TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't ERNST INFORMATION SERVICES Celebrating our 25th anniversary, MBA Tech All Star and processing over 1 billion transactions; Ernst is the partner the industry trusts in meeting the new CFPB requirements for Loan Estimates and Closing Disclosures with 100% guaranteed accuracy. At Ernst we produce award winning technical solutions with unparalleled data expertise. We create custom solutions for our clients using their fees SETCO SERVICES ACQUIRES B&R CLOSING SERVICES SETCO Services, LLC, a Florida panhandle-based title and escrow company, has acquired B&R Closing Services, Inc., operating as Odom and Barlow. SETCO Services CEO George Brannon Jr. said Barbara Barlow will join the SETCO team and stay on as manager of the Navarre, Fla., location. This is SETCO’s 10th office in the Florida Panhandle area. SOLIDIFI APPOINTS NATIONAL SALES MANAGER Solidifi has appointed Len Franco as senior vice president, national sales manager, the company announced.. The company said Franco is a leader in the mortgage information services and real estate industry and has engineered the impressive growth of multiple mortgage-relatedcompanies.
OLD REPUBLIC CREDIT SERVICES Old Republic Credit Services is the go-to provider of credit-related services for thousands of mortgage brokers, bankers, credit unions and lenders. From loan origination to loan close, from the first pull of credit to the final credit review (and all the in-between - like tax, social security number and employment verifications, fraud prevention and undisclosed debt monitoring), we can STEWART ACQUIRES A.S.K. SERVICES Stewart Information Services Corp. acquired A.S.K. Services, Inc., which provides search and support services to the title industry. Stewart Agency Services Group President Tara Smith expects the move to strengthen and expand the company’s ability to provide integrated title production to Stewart’s independent agency customers. Read on for more from Smith and A.S.K. Services executives SURVEY: TWO-THIRDS OF PANDEMIC RELOCATORS IN GOOD 18 hours ago · About two-thirds of surveyed Redfin.com users who relocated between March 2020 and March 2021 have the same or lower housing costs, and almost as many said their new home is the same size or bigger. Read on for more from the survey. WHAT DOES THE HOUSING MARKET LOOK LIKE FOR REST OF 2021 ATTOM Chief Product and Technology Officer Todd Teta and Altos Research founder and CEO Michael Simonsen recently took a comprehensive look at the mid-year housing market. The two analyzed current market conditions and shared their forecasts on what to expect for the rest of the year. Read on for details about what Teta and Simonsen had to say. MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. STUDY: THURSDAY LISTINGS SELL FASTER, FOR MORE MONEY Homes listed on a Thursday sell faster and are more likely to sell above list price, according to a Zillow study. Read on for more from Zillow’s analysis, including which listing day leaves houses on themarket the longest.
NEWS | THE TITLE REPORT Maryland-based Passport Title Services has chosen Qualia as its new title production software. Passport Title Chief Growth Officer Kenney Cotter said the Qualia suite of services will help “future-proof” the digital native title company, which employs remote staff across Florida, Kentucky, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia and Washington, D.C. NEXTITLE NAMES NEW PRESIDENT NexTitle announced the promotion of its chief operating officer to president. The new president will also remain COO. Founder Stephen Routh will continue as CEO. The new president will continue to oversee company operations in addition to working more closely with Routh to drive a long-term company vision. Read on for more details about thepromotion.
PROPER TITLE EXPANDS STAFF Chicago-based Proper Title, LLC, recently boosted its staff with the hiring of an assistant vice president of commercial business development, a senior commercial underwriting consultant and counsel, a senior underwriting counsel, a director of title operations, a director of post-closing and settlement services, and a senior escrowofficer.
DOMA REVENUES RISE 80 PERCENT YEAR-OVER-YEAR Doma Holdings, Inc., reported first quarter total revenues of $128 million, up 80 percent from a year ago. That “far exceeded our budgeted expectations,” Doma CEO Max Simkoff said. He attributed the company’s strong performance to both the robust housing market and continued market share gains. Read on for more from the company’s first-quarter earnings report. SNAPDOCS RAISES $150 MILLION IN FUNDING Digital closing platform Snapdocs announced $150 million in Series D funding the company expects will help build the necessary infrastructure to connect lenders, settlement services and borrowers to digitize mortgage closings at scale. The Series D funding round was led by Tiger Global, with participation from Sequoia, Y Combinator, F-Prime, Maverick, Alkeon, and Wellington Management. OPENDOOR EXPANDS INTO THREE NEW MARKETS Residential real estate digital platform Opendoor announced its launch into three new markets to provide homeowners across the U.S. with a streamlined way to sell their homes. Opendoor provides homeowners with a digital solution and a competitive all-cash offer, allowing them to sell their home without a traditional sale. Read on for more about the company’s expansion. NEWS | THE TITLE REPORT Posted Date: Tuesday, April 6, 2021. North American Title Insurance Co. (NATIC) has added a northwest regional underwriting counsel to work with title agents and affiliates in Washington, Oregon, Idaho and Montana. Read on for more about the new hire. Report: Home prices up FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
FOUNDATION TITLE & ESCROW EXPANDS INTO GEORGIA Thursday, June 3, 2021. Tennessee-based Foundation Title & Escrow Series, LLC, is expanding into Georgia, opening its first location in the state in Fort Oglethorpe. The branch, which will celebrate its grand opening in June, will be run by title industry veteran Kristie Parker. The company’s arrival into Georgia follows recent expansions HIGHLAND TITLE & ESCROW OPENS MARYLAND OFFICE Industry News. Tuesday, May 4, 2021. Highland Title & Escrow announced it opened a new office in Frederick, Md., to accommodate rapid growth in the area. The company has offices in Washington, D.C., Virginia and Maryland. “The decision to expand our presence into Frederick, Md., was a logical step in our business growth strategy,” President OLD REPUBLIC CREDIT SERVICES Old Republic Credit Services is the go-to provider of credit-related services for thousands of mortgage brokers, bankers, credit unions and lenders. From loan origination to loan close, from the first pull of credit to the final credit review (and all the in-between - like tax, social security number and employment verifications, fraud prevention and undisclosed debt monitoring), we can STEWART ACQUIRES A.S.K. SERVICES Stewart Information Services Corp. acquired A.S.K. Services, Inc., which provides search and support services to the title industry. Stewart Agency Services Group President Tara Smith expects the move to strengthen and expand the company’s ability to provide integrated title production to Stewart’s independent agency customers. Read on for more from Smith and A.S.K. Services executives STEWART PURCHASES LANDSAFE TITLE FROM BANK OF AMERICA Stewart has reached an agreement with Bank of America to purchase its LandSafe Title businesses. The purchase of these operations is consistent with Stewart’s strategies to expand Stewart’s mortgage and title operations and enhance the service Stewart offers its mortgage customers. Read on to learn more about this acquisition. NEWS | THE TITLE REPORT Posted Date: Tuesday, April 6, 2021. North American Title Insurance Co. (NATIC) has added a northwest regional underwriting counsel to work with title agents and affiliates in Washington, Oregon, Idaho and Montana. Read on for more about the new hire. Report: Home prices up FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
FOUNDATION TITLE & ESCROW EXPANDS INTO GEORGIA Thursday, June 3, 2021. Tennessee-based Foundation Title & Escrow Series, LLC, is expanding into Georgia, opening its first location in the state in Fort Oglethorpe. The branch, which will celebrate its grand opening in June, will be run by title industry veteran Kristie Parker. The company’s arrival into Georgia follows recent expansions HIGHLAND TITLE & ESCROW OPENS MARYLAND OFFICE Industry News. Tuesday, May 4, 2021. Highland Title & Escrow announced it opened a new office in Frederick, Md., to accommodate rapid growth in the area. The company has offices in Washington, D.C., Virginia and Maryland. “The decision to expand our presence into Frederick, Md., was a logical step in our business growth strategy,” President OLD REPUBLIC CREDIT SERVICES Old Republic Credit Services is the go-to provider of credit-related services for thousands of mortgage brokers, bankers, credit unions and lenders. From loan origination to loan close, from the first pull of credit to the final credit review (and all the in-between - like tax, social security number and employment verifications, fraud prevention and undisclosed debt monitoring), we can STEWART ACQUIRES A.S.K. SERVICES Stewart Information Services Corp. acquired A.S.K. Services, Inc., which provides search and support services to the title industry. Stewart Agency Services Group President Tara Smith expects the move to strengthen and expand the company’s ability to provide integrated title production to Stewart’s independent agency customers. Read on for more from Smith and A.S.K. Services executives STEWART PURCHASES LANDSAFE TITLE FROM BANK OF AMERICA Stewart has reached an agreement with Bank of America to purchase its LandSafe Title businesses. The purchase of these operations is consistent with Stewart’s strategies to expand Stewart’s mortgage and title operations and enhance the service Stewart offers its mortgage customers. Read on to learn more about this acquisition. NEWS | THE TITLE REPORT AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb+” of Title Resources Guaranty Co. (TRG), which is owned by Realogy Holdings Corp. AM Best also assesses TRG’s balance sheet strength as very strong. DOWNLOAD THE 2021 STATE OF THE INDUSTRY SPECIAL REPORT Download the 2021 State of the Industry special report. The pandemic has pressed the real estate industry to adapt and evolve. As we move forward in 2021, the industry will continue to face new challenges, new laws and regulations and an abundance of change. This year’s comprehensive special report covers a variety of topics and the issues MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. DOWNLOAD THE 2021 VOICE OF THE TITLE AGENT SPECIAL REPORT Download the 2021 Voice of the Title Agent special report. Sponsored by. Produced by. This year’s Voice of the Title Agent survey revealed some bright spots amid the upheaval of 2020. A surge in pandemic-inspired relocations, coupled with low interest rates, helped drive a more profitable year than 2019 for 90% of our respondents. FIRST NATIONAL ADDS SENIOR VICE PRESIDENT/REGIONAL AGENCY First National Title Insurance Co. (FNTI) added Anthony Nalbone as senior vice president, Mid-Atlantic regional agency manager. Nalbone will focus on providing support services to FNTI’s agents in the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia, including multi-state and nationally licensed title agencies across the country. ZOMBIE FORECLOSURES RISE IN SECOND QUARTER According to ATTOM Data Solutions second-quarter 2021 Vacant Property and Zombie Foreclosure Report, the number of pre-foreclosure homes sitting empty in the second quarter was up 21 percent from the first quarter and 5.6 percent from a year ago. Read on for more from the report, including the states with the most zombie properties. HOUSING AFFORDABILITY FALLS FOR FIRST TIME IN TWO YEARS Housing affordability dropped in March year-over-year, the first decline since January 2019, according to First American’s Real House Price Index. Read on for more, including the cities with the greatest declines in housing affordability. FINTECH STAVVY ANNOUNCES $40 MILLION IN FINANCING Boston-based FinTech platform Stavvy announced a record Series A funding round, led by Morningside Technology Ventures. Part of the funding will be used to fund key team members, including a chief strategy officer. Stavvy also announced its alliance with Flagstar Bank, the sixth-largest bank mortgage originator in the country, to provide remote loan modification services. COTTRELL TITLE SEES MARKETING RESULTS WITH ALANNA.AI Cottrell Title & Escrow saw its online positive reviews increase by 7 percent after launching a marketing campaign with Alanna.ai, a new AI communication tool in the title space. Alanna.ai was created as a virtual closing assistant to help streamline communication in the real estate industry between agents, lenders, buyers, and sellers. OPENDOOR EXPANDS INTO THREE NEW MARKETS Residential real estate digital platform Opendoor announced its launch into three new markets to provide homeowners across the U.S. with a streamlined way to sell their homes. Opendoor provides homeowners with a digital solution and a competitive all-cash offer, allowing them to sell their home without a traditional sale. Read on for more about the company’s expansion. RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
A LOOK BACK AT LANDAMERICA PURCHASE It was late in 2008 that the Big Five in title became the Big Four. As the Big Four is set to become the Big Three following the announcement of Fidelity National Financial’s (FNF) buyout of Stewart Information Services Corp., it is worth looking back to the last major deal that shook the title landscape. FNF closed the acquisition of LandAmerica on Dec. 22, 2008, capping a two-year stretch TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't TITLEWAVE NAMES SALES VICE PRESIDENT TitleWave Real Estate Solutions has named Barri Pitman as vice president of sales for New Jersey and New England, the company announced. The company said Pitman will report directly to Leanne Zinn, president of TitleWave Real Estate Solutions. “Barri has extensive experience in both the title and software industries,” Zinn said in a release. ARMOUR SETTLEMENT SERVICES, LLC Armour Settlement Services, LLC is a leading title company that provides nationwide title services (excluding Hawaii) for realtors, lenders, and homeowners. We pride ourselves on providing the best title company services at low rates, with fast turnaround for settlement services, 24/7 service, mobile settlements, Spanish speaking settlements, and online title closings. STEWART PURCHASES LANDSAFE TITLE FROM BANK OF AMERICA Stewart has reached an agreement with Bank of America to purchase its LandSafe Title businesses. The purchase of these operations is consistent with Stewart’s strategies to expand Stewart’s mortgage and title operations and enhance the service Stewart offers its mortgage customers. Read on to learn more about this acquisition. THE CRAIG HASKINS STORY The Craig Haskins Story. Monday, February 4, 2013. How an aspiring TV broadcaster ended up changing the processes and mindset of a small Wisconsin title agency. C raig Haskins is a self-proclaimed geek. Not in the Star Trek convention sense, but in the gadgets, gizmos and video game sense. Craig has always been driven by an interest in RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
A LOOK BACK AT LANDAMERICA PURCHASE It was late in 2008 that the Big Five in title became the Big Four. As the Big Four is set to become the Big Three following the announcement of Fidelity National Financial’s (FNF) buyout of Stewart Information Services Corp., it is worth looking back to the last major deal that shook the title landscape. FNF closed the acquisition of LandAmerica on Dec. 22, 2008, capping a two-year stretch TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't TITLEWAVE NAMES SALES VICE PRESIDENT TitleWave Real Estate Solutions has named Barri Pitman as vice president of sales for New Jersey and New England, the company announced. The company said Pitman will report directly to Leanne Zinn, president of TitleWave Real Estate Solutions. “Barri has extensive experience in both the title and software industries,” Zinn said in a release. ARMOUR SETTLEMENT SERVICES, LLC Armour Settlement Services, LLC is a leading title company that provides nationwide title services (excluding Hawaii) for realtors, lenders, and homeowners. We pride ourselves on providing the best title company services at low rates, with fast turnaround for settlement services, 24/7 service, mobile settlements, Spanish speaking settlements, and online title closings. STEWART PURCHASES LANDSAFE TITLE FROM BANK OF AMERICA Stewart has reached an agreement with Bank of America to purchase its LandSafe Title businesses. The purchase of these operations is consistent with Stewart’s strategies to expand Stewart’s mortgage and title operations and enhance the service Stewart offers its mortgage customers. Read on to learn more about this acquisition. THE CRAIG HASKINS STORY The Craig Haskins Story. Monday, February 4, 2013. How an aspiring TV broadcaster ended up changing the processes and mindset of a small Wisconsin title agency. C raig Haskins is a self-proclaimed geek. Not in the Star Trek convention sense, but in the gadgets, gizmos and video game sense. Craig has always been driven by an interest in NEWS | THE TITLE REPORT AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb+” of Title Resources Guaranty Co. (TRG), which is owned by Realogy Holdings Corp. AM Best also assesses TRG’s balance sheet strength as very strong. MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. NEWS | THE TITLE REPORT Maryland-based Passport Title Services has chosen Qualia as its new title production software. Passport Title Chief Growth Officer Kenney Cotter said the Qualia suite of services will help “future-proof” the digital native title company, which employs remote staff across Florida, Kentucky, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia and Washington, D.C. MILLENNIAL HOMEBUYERS USE PANDEMIC SAVINGS FOR DOWN Nearly a third of millennial first-time homebuyers surveyed by Redfin cited a pandemic silver lining: being able to save extra money to come up with a down payment for a house. Read on for more. INVESTORS TITLE REVENUES SOAR 141 PERCENT YEAR-OVER-YEAR Investors Title Co. reported record results in the first quarter for total revenues, net premiums written and net income. The company reported net income of $13.8 million, or $7.29 per diluted share, compared with a net loss of $7 million, or $3.71 per diluted share, for first quarter 2020, according to the company’s earnings report. Read on for more from the earnings report. COTTRELL TITLE SEES MARKETING RESULTS WITH ALANNA.AI Cottrell Title & Escrow saw its online positive reviews increase by 7 percent after launching a marketing campaign with Alanna.ai, a new AI communication tool in the title space. Alanna.ai was created as a virtual closing assistant to help streamline communication in the real estate industry between agents, lenders, buyers, and sellers. HOUSING AFFORDABILITY FALLS FOR FIRST TIME IN TWO YEARS Housing affordability dropped in March year-over-year, the first decline since January 2019, according to First American’s Real House Price Index. Read on for more, including the cities with the greatest declines in housing affordability. FINTECH STAVVY ANNOUNCES $40 MILLION IN FINANCING Boston-based FinTech platform Stavvy announced a record Series A funding round, led by Morningside Technology Ventures. Part of the funding will be used to fund key team members, including a chief strategy officer. Stavvy also announced its alliance with Flagstar Bank, the sixth-largest bank mortgage originator in the country, to provide remote loan modification services. PATTEN TITLE HIRES SENIOR ESCROW OFFICER Patten Title Co. hired a 15-year title industry veteran as senior escrow officer and branch manager of its new Houston office. Read onfor more.
KNIGHT BARRY ACQUIRES TWO FLORIDA COMPANIES Wisconsin-based Knight Barry Title announced the acquisition of two more Florida companies, including its first in the Orlando market. The Orlando company has two offices, and the second company will mark Knight Barry’s fourth office in South Florida. The acquisitions bring the total number of Knight Barry offices in Florida to 15. Read on for more about the acquisitions. RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
A LOOK BACK AT LANDAMERICA PURCHASE It was late in 2008 that the Big Five in title became the Big Four. As the Big Four is set to become the Big Three following the announcement of Fidelity National Financial’s (FNF) buyout of Stewart Information Services Corp., it is worth looking back to the last major deal that shook the title landscape. FNF closed the acquisition of LandAmerica on Dec. 22, 2008, capping a two-year stretch TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't TITLEWAVE NAMES SALES VICE PRESIDENT TitleWave Real Estate Solutions has named Barri Pitman as vice president of sales for New Jersey and New England, the company announced. The company said Pitman will report directly to Leanne Zinn, president of TitleWave Real Estate Solutions. “Barri has extensive experience in both the title and software industries,” Zinn said in a release. ARMOUR SETTLEMENT SERVICES, LLC Armour Settlement Services, LLC is a leading title company that provides nationwide title services (excluding Hawaii) for realtors, lenders, and homeowners. We pride ourselves on providing the best title company services at low rates, with fast turnaround for settlement services, 24/7 service, mobile settlements, Spanish speaking settlements, and online title closings. STEWART PURCHASES LANDSAFE TITLE FROM BANK OF AMERICALANDSAFE TITLE BANK OF AMERICALANDSAFE TITLE CALANDSAFE TITLE FLORIDALANDSAFE TITLEINSURANCE COMPANY
Stewart has reached an agreement with Bank of America to purchase its LandSafe Title businesses. The purchase of these operations is consistent with Stewart’s strategies to expand Stewart’s mortgage and title operations and enhance the service Stewart offers its mortgage customers. Read on to learn more about this acquisition. THE CRAIG HASKINS STORY The Craig Haskins Story. Monday, February 4, 2013. How an aspiring TV broadcaster ended up changing the processes and mindset of a small Wisconsin title agency. C raig Haskins is a self-proclaimed geek. Not in the Star Trek convention sense, but in the gadgets, gizmos and video game sense. Craig has always been driven by an interest in RECORD DEMAND FOR SECOND HOMES CONTINUES Record demand for second homes continues. The number of buyers of a second home soared 128 percent year-over-year in March, according to a Redfin report, compared with a 34 percent year-over-year gain for primary homes. That’s the 10th straight month of at least 80 percent annual growth for second-home purchases. MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. FORECLOSURES INCREASE DESPITE MORATORIUM Foreclosures increase despite moratorium. ATTOM Data Solutions ’ U.S. Foreclosure Market Report for the first quarter of 2021 shows there were 33,699 U.S. properties with foreclosure filings in the first quarter of 2021, up 9 percent from the previous quarter, but down 78 percent year-over-year. The report also found foreclosurefilings in
INDUSTRY VETERAN LAUNCHES TITLE COMPANY, INSURER FOCUSED A 30-year industry veteran recently launched a title company and title insurer in California that will focus on the lender business. The title company is licensed in California, Arizona, Nevada, Texas and Florida, and expects to be in Colorado by the end of May. Eventually, it plans to operate in as many as 40 states. Read on for more aboutthe new companies.
A LOOK BACK AT LANDAMERICA PURCHASE It was late in 2008 that the Big Five in title became the Big Four. As the Big Four is set to become the Big Three following the announcement of Fidelity National Financial’s (FNF) buyout of Stewart Information Services Corp., it is worth looking back to the last major deal that shook the title landscape. FNF closed the acquisition of LandAmerica on Dec. 22, 2008, capping a two-year stretch TITLESERV OFFICES RAIDED BY FBI, COMPETITORS GRAB BUSINESS Titleserv offices raided by FBI, competitors grab business. On April 27, the Federal Bureau of Investigation raided the offices of national title agent Titleserv in Woodbury, N.Y. The agent officially closed its doors on April 8 and had a skeleton crew in place to clear out the remaining pipeline. Jim Margolin, a spokesman for the FBI, couldn't TITLEWAVE NAMES SALES VICE PRESIDENT TitleWave Real Estate Solutions has named Barri Pitman as vice president of sales for New Jersey and New England, the company announced. The company said Pitman will report directly to Leanne Zinn, president of TitleWave Real Estate Solutions. “Barri has extensive experience in both the title and software industries,” Zinn said in a release. ARMOUR SETTLEMENT SERVICES, LLC Armour Settlement Services, LLC is a leading title company that provides nationwide title services (excluding Hawaii) for realtors, lenders, and homeowners. We pride ourselves on providing the best title company services at low rates, with fast turnaround for settlement services, 24/7 service, mobile settlements, Spanish speaking settlements, and online title closings. STEWART PURCHASES LANDSAFE TITLE FROM BANK OF AMERICALANDSAFE TITLE BANK OF AMERICALANDSAFE TITLE CALANDSAFE TITLE FLORIDALANDSAFE TITLEINSURANCE COMPANY
Stewart has reached an agreement with Bank of America to purchase its LandSafe Title businesses. The purchase of these operations is consistent with Stewart’s strategies to expand Stewart’s mortgage and title operations and enhance the service Stewart offers its mortgage customers. Read on to learn more about this acquisition. THE CRAIG HASKINS STORY The Craig Haskins Story. Monday, February 4, 2013. How an aspiring TV broadcaster ended up changing the processes and mindset of a small Wisconsin title agency. C raig Haskins is a self-proclaimed geek. Not in the Star Trek convention sense, but in the gadgets, gizmos and video game sense. Craig has always been driven by an interest in NEWS | THE TITLE REPORT AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb+” of Title Resources Guaranty Co. (TRG), which is owned by Realogy Holdings Corp. AM Best also assesses TRG’s balance sheet strength as very strong. MORE FROM THE TITLE REPORT Report: April home value highest since 2005. Friday, May 21, 2021. Home value for a typical home hit $281,370 in April, up 11.6 percent from last year, to the highest seen since 2005, according to a recent Zillow market report. Read on for more from the report. NEWS | THE TITLE REPORT Maryland-based Passport Title Services has chosen Qualia as its new title production software. Passport Title Chief Growth Officer Kenney Cotter said the Qualia suite of services will help “future-proof” the digital native title company, which employs remote staff across Florida, Kentucky, North Carolina, Pennsylvania, Tennessee, Virginia, West Virginia and Washington, D.C. MILLENNIAL HOMEBUYERS USE PANDEMIC SAVINGS FOR DOWN Nearly a third of millennial first-time homebuyers surveyed by Redfin cited a pandemic silver lining: being able to save extra money to come up with a down payment for a house. Read on for more. INVESTORS TITLE REVENUES SOAR 141 PERCENT YEAR-OVER-YEAR Investors Title Co. reported record results in the first quarter for total revenues, net premiums written and net income. The company reported net income of $13.8 million, or $7.29 per diluted share, compared with a net loss of $7 million, or $3.71 per diluted share, for first quarter 2020, according to the company’s earnings report. Read on for more from the earnings report. COTTRELL TITLE SEES MARKETING RESULTS WITH ALANNA.AI Cottrell Title & Escrow saw its online positive reviews increase by 7 percent after launching a marketing campaign with Alanna.ai, a new AI communication tool in the title space. Alanna.ai was created as a virtual closing assistant to help streamline communication in the real estate industry between agents, lenders, buyers, and sellers. HOUSING AFFORDABILITY FALLS FOR FIRST TIME IN TWO YEARS Housing affordability dropped in March year-over-year, the first decline since January 2019, according to First American’s Real House Price Index. Read on for more, including the cities with the greatest declines in housing affordability. FINTECH STAVVY ANNOUNCES $40 MILLION IN FINANCING Boston-based FinTech platform Stavvy announced a record Series A funding round, led by Morningside Technology Ventures. Part of the funding will be used to fund key team members, including a chief strategy officer. Stavvy also announced its alliance with Flagstar Bank, the sixth-largest bank mortgage originator in the country, to provide remote loan modification services. PATTEN TITLE HIRES SENIOR ESCROW OFFICER Patten Title Co. hired a 15-year title industry veteran as senior escrow officer and branch manager of its new Houston office. Read onfor more.
KNIGHT BARRY ACQUIRES TWO FLORIDA COMPANIES Wisconsin-based Knight Barry Title announced the acquisition of two more Florida companies, including its first in the Orlando market. The Orlando company has two offices, and the second company will mark Knight Barry’s fourth office in South Florida. The acquisitions bring the total number of Knight Barry offices in Florida to 15. Read on for more about the acquisitions.Back to top
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Knight Barry acquires two Florida companies Thursday, June 3, 2021 Wisconsin-based Knight Barry Title announced the acquisition of two more Florida companies, including its first in the Orlando market. The acquisitions bring the total number of Knight Barry offices in Florida to 15. Read on for more about the acquisitions.Read more >>
Investors Title revenues soar 141 percent year-over-year Thursday, June 3, 2021 Investors Title Co. reported record results in the first quarter for total revenues, net premiums written and net income. Read on for more from the earnings report.Read more >>
SingleSource expands into Alabama, New Mexico Thursday, June 3, 2021 Title services provider SingleSource expanded its title agency licenses into Alabama and New Mexico. The company to continue expanding into the western U.S. Read on for more details.Read more >>
Knight Barry acquires two Florida companies Thursday, June 3, 2021 Wisconsin-based Knight Barry Title announced the acquisition of two more Florida companies, including its first in the Orlando market. The acquisitions bring the total number of Knight Barry offices in Florida to 15. Read on for more about the acquisitions.Read more >>
------------------------- Investors Title revenues soar 141 percent year-over-year Thursday, June 3, 2021 Investors Title Co. reported record results in the first quarter for total revenues, net premiums written and net income. Read on for more from the earnings report.Read more >>
------------------------- SingleSource expands into Alabama, New Mexico Thursday, June 3, 2021 Title services provider SingleSource expanded its title agency licenses into Alabama and New Mexico. The company to continue expanding into the western U.S. Read on for more details.Read more >>
------------------------- Access Title names manager for new Florida office Thursday, June 3, 2021 Access Title Agency named a 22-year title and escrow veteran as manager of its new office in Bonita Spring, Fla. Read on for more about the new office and manager.Read more >>
------------------------- Foundation Title & Escrow expands into Georgia Thursday, June 3, 2021 An industry veteran will run Foundation Title & Escrow Series, LLC’s first Georgia office. Read on for more.Read more >>
------------------------- SoftPro integration with CertifID secures wire transfers Thursday, June 3, 2021 SoftPro’s new integration with CertifID targets wire fraud prevention. The integration is backed by up to $1 million in direct insurance coverage on every wire transfer. Read on for more details.Read more >>
------------------------- First American names new president Thursday, May 27, 2021 First American Financial Corp. has appointed a new president, who will have oversight responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses. Read on for more about the new president.Read more >>
------------------------- Fidelity National title segment revenues up 33 percent Thursday, May 27, 2021 Fidelity National Financial’s title segment generated a total revenue, excluding recognized gains and losses, of $2.6 billion in the first quarter, compared with $1.9 billion in the first quarter of 2020, according to the company’s first quarter earnings report. Read on for more from the earnings report.Read more >>
------------------------- Kuterdem joins SoftPro as chief technology officer Thursday, May 27, 2021 Gorkem Kuterdem, SoftPro’s new chief technology officer (CTO), will focus on long-term research and development strategy as well as ensure the security of the company’s software and service offerings. Readon for more.
Read more >>
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