Housing Wire

OCTOBER 31, 2024

Consumers should also avoid emailing financial information, such as bank account numbers. What the title industry Is doing It has been a longstanding priority for the title industry to increase awareness and identification of real estate wire fraud. Diane Tomb is CEO of the American Land Title Association.

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Housing Wire

DECEMBER 17, 2024

The suit also alleges that the defendants which include the brokerages, agents, brokers, support staff, title companies and banks involved in the transaction coordinated to gain an unfair advantage. The other defendants in the suit are those involved in the title and escrow process and the wiring of the allegedly fraudulent funds.

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Housing Wire

JANUARY 20, 2025

Adams and his team recently encountered a spoof website for a real title company, something he finds greatly concerning. It was a direct replica of the actual title companys website. Everything was the same except for the phone numbers and they had already infiltrated one transaction posing as the title company, Adams said.

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Housing Wire

AUGUST 7, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Ubitquity , developer of a blockchain-secured platform for real estate and title recordkeeping, has announced a new partnership with Rainier Title.

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Housing Wire

NOVEMBER 24, 2020

Title fraud continues to grow, seeing sharp increases in the third quarter of 2020, according to the latest report from FundingShield. FundingShield’s Q3 2020 Wire and Title Fraud Analytics report shows a 31.5% The post Title fraud rises more than 30% in Q3 appeared first on HousingWire.

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Housing Wire

DECEMBER 13, 2021

The title insurance industry generated $6.8 billion in title insurance premiums in Q3, marking the industry’s best quarter ever. HousingWire: What aspects of the title process can most benefit from technology? Nominations for HousingWire’s Tech100 award are now open through Friday, December 17, 2021.

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Housing Wire

APRIL 8, 2025

Those additional streams include equity incentives, revenue sharing, and JV opportunities in title services. Doubling down on tech innovation With dramatic growth comes the next evolution of the firm. That, says Poleg, is to double down on technology. Were not focused on business model innovation like many others before us.

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Housing Wire

JANUARY 18, 2024

Wire and title fraud risk reached an all all-time high in Q4 2023 with 51.8% of transactions having issues that led to a risk of wire and title fraud, according to FundingShield ‘s quarterly report. On average, problematic loans had 2.2 BEC is a sophisticated combination of phishing and spoofing used to extract $2.7

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Housing Wire

JANUARY 13, 2025

The University of Florida alum also has chairman and executive leadership experience with companies like Tax Guard , Capital Bank , Ally Financial , Fifth Third Bank and Bank of America. This came after the company acquired Flagstar Bank assets in July. trillion at the end of the third quarter.

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Housing Wire

JANUARY 11, 2023

Those who aren’t really familiar with the settlement services industry tend to think of a title agency as, more or less, the business that makes the closing happen and delivers a title insurance policy. But those who live and breathe title know there’s something even more fundamental with which they are charged. Far from it.

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Housing Wire

MARCH 10, 2021

Digital closing platform Qualia announced Wednesday the release of “Qualia Scale,” a software program that allows proptech companies to attach title & escrow to their core offerings. How hybrid title and valuations help increase lending efficiency. It’s the second proptech offering created by Qualia.

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Housing Wire

MARCH 15, 2021

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. It makes the title firm a good match as Blend looks to scale its operations. How hybrid title and valuations help increase lending efficiency.

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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. Because these title firms were all licensed by the D.C.

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Housing Wire

FEBRUARY 3, 2025

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination Cottonwood Heights, UT Paradatec paradatec.com/ Loan Origination, Servicing, Secondary and Closing Wilmington, DE Outamation outamation.com/ Servicing Southlake, TX Orion Lending orionlending.com/ Loan Origination Orange, CA Optimal Blue www2.optimalblue.com/

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Housing Wire

SEPTEMBER 18, 2023

For title professionals, understanding and countering this threat is paramount. In real estate, fraudsters may impersonate agents via fake emails, giving false bank information and causing victims to send money to the criminal’s account unintentionally. billion in 2022.

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Housing Wire

JULY 19, 2022

Stewart Title of Louisiana is expanding its support for commercial real estate transactions, through the addition of Ashley Coco as the firm’s Louisiana underwriting counsel, it announced Tuesday. Before joining Stewart, Coco was the lead attorney heading the commercial services department of Commerce Title in Baton Rouge.

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Housing Wire

DECEMBER 17, 2024

has honored a longtime professional in its ranks with a lifetime achievement award, in recognition of his 40-year career in the mortgage banking, real estate , homebuilding and title insurance industries. The reverse mortgage division of Fairway Independent Mortgage Corp.

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Housing Wire

APRIL 13, 2022

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Additionally, title companies are not allowed to accept any commissions or referral fees from lenders when issuing title policy coverage.

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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. Title professionals and other members of the real estate industry need to take their security seriously, experts said. This is my 40 th year in the title industry,” Bullion-Mincy said. Can you afford to lose a million dollars?

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Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. ow and ease of the entire closing process.

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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. Information exposed by the breach included customer bank account numbers, names, addresses, phone numbers and Social Security numbers.

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Housing Wire

APRIL 19, 2021

Passport Title Services LLC will use Qualia as its new title production software, after officials announced the company invested in Qualia Core and Qualia Connect to aid clients. The bundle also includes banking and reconciliation programs, a team of title and escrow experts, and Qualia’s digital closing platform.

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Housing Wire

SEPTEMBER 28, 2022

On Tuesday, the fintech and PNC Bank announced a partnership that allows customers to digitally apply for a mortgage and import bank/payroll information directly into their application. PNC mortgage loan officers can also collaborate real-time with customers through their online portal, the bank said. PNC Mortgage originated $9.88

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Housing Wire

APRIL 19, 2024

Ginnie Mae also claims that TCB has not exhausted all available “administrative remedies,” that the bank lacks standing “because the claimed injury is not redressable by the powers” of the court, and that the “extinguishment of the collateral is committed to agency discretion.”

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Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We The scammer then impersonates the notary and returns falsified documents to the title firm or closing attorney involved in the transaction. The title firm then transfers the closing proceeds to the scammer.

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Housing Wire

APRIL 2, 2023

The Qualia platform includes modern, cloud-based products that provide the transaction infrastructure for title and escrow organizations of all sizes, from smaller agencies and real estate law firms to multi-state operations operating at scale.

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Housing Wire

MARCH 17, 2025

In the ongoing lawsuit by Texas Capital Bank (TCB) seeking to recoup assets related to an extinguished reverse mortgage securities issuer, Ginnie Mae has fired back by continuing to seek a summary judgment. Congress clearly laid out Ginnie Maes authority to pool backing securities that the company guarantees, the bank argued.

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Housing Wire

JUNE 19, 2023

So you’ve been using the same outdated title production software for years and feel like you’re no longer getting the most bang for your buck. The four most common questions we hear from title professionals about their concerns with switching their software are: What are the benefits of switching? Will our data be safe?

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Housing Wire

APRIL 15, 2025

In a statement Tuesday, the title giant said it had appointed Mark Seaton to lead the company. In addition to managing all financial-related activities, Seaton oversees First American Trust, the companys federally charted bank, as well as First Americans technology group. Seaton has served as Chief Financial Officer since 2013.

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Housing Wire

MARCH 6, 2025

Its fintech platform, Real Wallet, is expanding, allowing agents to apply for business checking accounts through Reals partnership with Thread Bank. The company also touted its title insurance business as high margin and rapidly growing, with revenue reaching $4.8 million after accounting for just under $3 million in 2023.

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Housing Wire

MARCH 7, 2025

A few months later, Dream Finders acquired Alliant National Title Co. Community bank Bank7 acquired a small Oklahoma independent mortgage bank last week. And in July, Dream Finders, a top-10 homebuilder mostly focused on the Sun Belt states, acquired the remaining shares of Jet HomeLoans.

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Housing Wire

SEPTEMBER 26, 2023

Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We million and $30 million; title revenue at around $11.5 million and $15.5

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Housing Wire

NOVEMBER 4, 2024

Once negotiations were settled and my mortgage was accepted, the final step was to obtain title insurance. For this, I turned to New Hampshire-based Cohen Closing & Title , where another cousin is the director of business development.

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Housing Wire

OCTOBER 23, 2024

That being said, they emphasize the volume and retain their title as the number one mortgage lender in the country.” As for the product’s mortgage rates, Elezaj said they are more competitive than HELOCs (home equity lines of credit), traditionally a market dominated by credit unions and depository banks. How much will borrowers pay?

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Housing Wire

APRIL 18, 2024

Wire fraud prevention firm CertifID and big four title firm Old Republic have entered into a strategic agreement to prevent mortgage payoff fraud , according to an announcement on Thursday. In 2023 , Old Republic’s title segment reported net fee and premium earnings of $2.563 billion, down 33.2% said in a statement. “We

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Housing Wire

MARCH 3, 2025

The community bank has completed its acquisition of First American Mortgage, Inc. , It has no affiliation with title giant First American Financial Corporation. Bank7 is expanding its mortgage reach in Oklahoma. a small mortgage lender and brokerage based in the suburbs of Oklahoma City. Yukon-based First American Mortgage, Inc.

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Housing Wire

AUGUST 13, 2024

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. 2, the trade group stressed the importance of title insurance.

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