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6 ways title companies can harness AI

Housing Wire

Artificial intelligence (AI) has become a hot topic across every facet of life, including the real estate and title industries. Many title professionals are asking how AI can be used safely and effectively to improve daily operations. This might include documents like deeds and title policies.

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Fannie Mae title pilot could save homeowners up to $1,692 per refi

Housing Wire

Fannie Mae s title insurance pilot program could save borrowers up to $2.19 Under the program, in limited circumstances Fannie Mae is able to accept the results of an automated title review in lieu of traditional title insurance on refinance transactions. billion in total or as much as $1,692 per loan.

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Beyond the deal: Marc Trachtenberg on the true value of title insurance

Housing Wire

Marc Trachtenberg chairman and CEO of Silk Title Company has spent a career in mortgage and title insurance companies finding ways to break from the status quo, creating innovative, forward-thinking solutions along the way. Silk Title is known for integrations and process efficiencies with lender partners.

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Texas orders cut to title insurance premiums

Housing Wire

A 10% reduction in title insurance premiums was recently ordered by the Texas Department of Insurance (TDI), with the regulator citing profit ratios that were deemed to be excessive. According to the order, TLTA advocated for no changes to title insurance premiums while OPIC recommended a reduction of 8.9% between 2003 and 2022.

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New First American tool aims to flag title issues early

Housing Wire

First American Data & Analytics has launched a new product designed to help lenders identify title issues earlier in the mortgage and home equity loan process, with the goal of cutting delays and reducing closing times. VeriTitle is available via an API and can be integrated into widely used loan origination and point-of-sale systems.

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EquityProtect partners with title companies to boost fraud awareness

Housing Wire

EquityProtect has announced new partnerships with title companies across the country in an effort to bolster protections against deed and title fraud a growing concern as real estate scams become more complex and harder to detect. But these protections are limited by eligibility rules and property type, Dovidio added.

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Why title insurance is essential to the U.S. system of property rights

Housing Wire

Anyone undertaking this title review must first establish that the seller has ownership of the property. Critical role of title insurance Thats where the story of title insurance begins. Title insurance policies solve these problems by protecting buyers against legal challenges to their ownership.

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