Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI. So, what that means is, that we have to invest in building intentional expertise.”

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Housing Wire

OCTOBER 4, 2024

For the title insurance industry, this meant an uptick in title insurance premium volume, which came in at $4.09 billion for the quarter, according to the American Land Title Association (ALTA)’s Market Share Analysis that was published Thursday. at 14.4%; Chicago Title Insurance Co. billion in Q1 2023.

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Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If Instead, he is focusing his efforts on potentially having to adapt to where Atlas Title’s business comes from. It’s easy to see why Frasier is concerned.

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Housing Wire

APRIL 17, 2023

Some say that the nearly 150-year-old title industry has a difficult time adapting and evolving. However, the title industry has proven these critics wrong over the past decade, and importantly, it has done so without leaving homeowners vulnerable to unnecessary risks. Think an old dog can’t learn new tricks?

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Housing Wire

JANUARY 20, 2023

An industry downturn is when leaders find out the real capabilities of the companies they have built. In the title industry , like the rest of the home finance industry, the real dangers are high operating costs that come from inefficiency. For years now, executives seeking efficiency were steered to new automation.

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Housing Wire

AUGUST 9, 2022

Not many would count the title industry among the economy’s technology leaders. More than a few observers have referred to us as a mom-and-pop industry because it’s comprised of a significant number of small agencies. In fact, many title agents will proudly tell you that ours is a “traditional” industry.

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Housing Wire

OCTOBER 4, 2022

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. billion in title insurance premium volume, only slightly down from the $6.54 had 0.9%.

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Housing Wire

JUNE 17, 2024

The relative stability of the housing market in the first quarter of 2024 resulted in a fairly strong quarter for the title insurance industry. According to the American Land Title Association (ALTA) Market Share Analysis released Thursday, the industry generated $3.35 Additionally, the industry paid out $161.1

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Housing Wire

JULY 10, 2024

Despite having a 100-plus-year history, the title industry is now embracing some of the newest technologies on the market, including artificial intelligence. of title and escrow professionals surveyed have already adopted generative AI solutions, according to the State of AI in Title and Escrow published this week by Qualia.

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Housing Wire

SEPTEMBER 6, 2024

For more than two years, a storm has been brewing in the title insurance industry. Last week, the first raindrops began to fall when the Office of the Attorney General for the District of Columbia (OAG) announced settlements with four title firms over alleged kickback schemes. Unlike RESPA, the D.C.

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Housing Wire

MAY 1, 2024

As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023 , title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 In 2022 , the title industry generated $21 billion in premiums. with 13.0%; and Stewart Title Guaranty Co.

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Housing Wire

DECEMBER 9, 2021

The American Land Title Association saw a 32.5% year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis , published on Thursday. During Q3 2021, the title insurance industry generated $6.8 Total operating income for the industry was up 53.3%

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Housing Wire

JULY 24, 2024

Attorneys general in 14 states have joined together to send a letter to Federal Housing Finance Agency (FHFA) director Sandra Thompson that urges the termination of the agency’s title waiver pilot program. Title insurance is a state-regulated industry, and homeowners will be better served if it stays that way.

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Housing Wire

JUNE 30, 2022

As mortgage rates rise and home price appreciation continues , employees in the housing industry are hard at work preparing for shifting market conditions. title insurers even as macroeconomic pressures increase in coming months. However, as in the first quarter of the year, commercial title orders may help bolster revenue.

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Housing Wire

OCTOBER 13, 2023

What it means is there is a higher percentage of potential fraud per file,” Elizabeth Berg, the vice president for education and training at FNF Family of Companies , told attendees of the American Land Title Association’s ALTA One conference on Thursday. Or as Berg also put it: “Fraudsters gotta eat too.”

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Housing Wire

JUNE 28, 2024

Title insurance provides vital protection to the largest and most important purchase most Americans will ever make—their home. Director Rohit Chopra himself, in a recent appearance before the House Financial Services Committee , shook his head “no” when asked whether title insurance was a “junk fee” in questioning from Rep.

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Housing Wire

JUNE 8, 2023

The title insurance industry is on the front lines in a never-ending war with the fraudsters. As the industry has gotten better at combatting wire fraud and even the more recent seller impersonation fraud , criminals looking for larger paydays have turned to mortgage payoffs. Can you afford to lose a million dollars?

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Housing Wire

MAY 13, 2024

Title firm Mother Lode Holding Co. , a subsidiary of big four firm First American Financial , announced Monday that it has acquired Wisconsin Title Service Co. the acquisition includes Wisconsin Title Service Co.’s s sister company, Wisconsin Title Closing Service Inc., is a fixture of the Wisconsin real estate industry.

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Housing Wire

NOVEMBER 12, 2021

Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I But as a woman in her mid-20s, Foglia Brandy is something of an anomaly in the title insurance industry.

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Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2 The title insurance industry generated $26.2

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Housing Wire

JUNE 12, 2024

But when we say this is the Ultimate Resource Guide for title insurance professionals, we mean it! Associations American Land Title Association (ALTA) ALTA serves as the national trade association and voice for the title insurance industry, representing over 6,000 title insurance companies, agents and real estate attorneys.

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Housing Wire

FEBRUARY 28, 2022

The title insurance industry is built on service. So, what happens when it becomes much more difficult for title agents to find, recruit and hire the skilled labor so necessary to their core functions? All of this adds up to a disheartening response rate when title employers seek to add employees. We will soon find out.

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Housing Wire

DECEMBER 20, 2023

Title premium volume continued to drop during the third quarter of 2023, as limited housing supply and high interest rates took their toll on home sales. During the third quarter of 2023, the title industry generated $4.1 During the third quarter of 2023, the title industry generated $4.1 However, the $4.1

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Housing Wire

JANUARY 24, 2024

With a wave of new home purchases and refinance transactions expected, as an industry, we’re expecting many new questions about how buyers and owners can best protect their property rights. In fact, for many new buyers entering the market this year, this will be the first time they ever hear the words “ title insurance.”

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Housing Wire

MARCH 11, 2024

For title agency owners and professionals, finding the time and resources to train your team can be challenging. For instance, a blending training program could include in-person sessions on the fundamentals of title insurance , followed by online modules that reinforce and add context. ” We agree.

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Housing Wire

MAY 14, 2024

Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment. The firm’s title segment reported $1.7

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Housing Wire

JUNE 21, 2022

Despite rising interest rates , higher home prices and a drop in refinance volume , the American Land Title Association recorded $5.89 billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 The title insurance industry had a record year in 2021 , generating $26.2 had 1.1%.

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Housing Wire

JANUARY 19, 2023

As both the real estate industry and consumers prepare for what’s to come, it is critical that we do not take for granted the products and systems that have carried us through other cycles of economic downturn. Title insurance is one such proven product with a long history of protecting homeowners’ right to property.

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Housing Wire

OCTOBER 5, 2022

Title industry experts say it would be a game-changer for the mortgage space, but they expect some resistance. “Actually, I feel remote online notarizations could streamline the process for larger entities, hedge funds and investor builders,” said Rachel Luna, agency development manager at Patriot Title Co.

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Housing Wire

SEPTEMBER 19, 2023

Title premium volume continued to trend downward during the second quarter of 2023 as high mortgage rates and low housing inventory continued to plague the real estate industry. During the second quarter, the title industry generated $3.91 billion in title insurance premiums, down from $6.21 million a year ago.

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Housing Wire

APRIL 26, 2021

The title industry has used artificial intelligence and automation in various parts of the process for many years. Title production software companies have made great strides in automation that eliminates re-keying and the transferring of data from one application to another. The rest of this content is for HW+ members.

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Housing Wire

FEBRUARY 22, 2024

Despite slower housing market conditions , Big Four title firms Stewart , First American and Fidelity National Financial all managed to earn profits in 2023. Despite declines in title transaction volume, Stewart’s title segment still reported an operating revenue of $503 million for Q4, down 14% annually, and a pretax income of $27.3

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Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Diane Tomb, ALTA CEO Contributor.

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Housing Wire

OCTOBER 11, 2023

When Thaddeus, the American Land Title Association’s eagle mascot, landed in Colorado Spring at The Broadmoor Hotel after a month-long virtual journey across the country from Washington, D.C., This was the biggest issue we’ve ever faced in my 40-year career in the title industry,” Rattikin said. “It he did so with a new look.

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Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. About two weeks later, “Big Four” title firm Fidelity National Financial was hit with a ransomware attack in which data belonging to 1.3

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Housing Wire

NOVEMBER 16, 2023

Despite ongoing uncertainty and a variety of economic headwinds, Fitch Ratings is maintaining a neutral outlook on the title insurance market for 2024, according to a report released Thursday. These factors have led Fitch to stand firm on its ratings of the three national title underwriters it rates. Fitch does not rate Old Republic.

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Housing Wire

MAY 28, 2024

A licensed real estate broker since 2006, he managed a brokerage in San Diego and he also played a crucial role in establishing some of the first compliance management systems in the mortgage industry. The company’s brands include Fathom Realty , Encompass Lending , intelliAgent , LiveBy , Real Results , Verus Title and Cornerstone.

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