Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. The second area we have been focused on is commercial real estate. As of Sept.

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Housing Wire

JANUARY 27, 2023

Carolyn Monroe, the president of Old Republic’s title insurance segment, attributed the relatively small yearly drop in 2022 to a strong performance by the firm’s commercial title insurance sector. Commercial premiums reported for full year 2022 represented an all-time high for the title group.

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Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

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Housing Wire

APRIL 28, 2022

First the market is shifting away from refinance transactions towards purchase and commercial transactions, which is where we have a greater market share. The Guide to Accelerating Closings in 2022. Like other “big four” member Stewart , First American’s commercial title volume and revenue saw big improvement from a year ago.

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Housing Wire

SEPTEMBER 1, 2023

Meanwhile, Spring EQ will be able enhance its platform through further investments in technology, new commercial opportunities and growth-based operational initiatives, the company said. The deal is subject to customary closing conditions and regulatory approvals. accelerates.

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Housing Wire

AUGUST 25, 2022

Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. As part of that, we continue to develop technology that helps businesses engineer full end-to-end purchase and refinance experiences.

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Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

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Housing Wire

AUGUST 5, 2021

Fidelity’s total commercial revenue was $347 million, an 89% increase year-over-year driven by a 65% increase in closed orders. Total commercial orders opened also increased 58% year over year. Second quarter refinance orders opened and closed both decreased this quarter — 25% and 5%, respectively, on a daily basis.

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Housing Wire

MAY 26, 2023

More often than not, the small firms that become big, or the mid-cap businesses that eventually make a public offering, can explain their growth by using a new technology , business model or even product in a way that not only differentiates them during market turbulence, but positions them for sustainable success when the tide turns.

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Housing Wire

FEBRUARY 10, 2022

Leveraging our proprietary data extraction technology, we are currently maintaining more than 1,600 title plants covering nearly 80% of the U.S. This data is critical as it fuels our operational efficiency initiatives are title automation efforts and our ongoing efforts to digitize the real estate closing experience. population.

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Housing Wire

OCTOBER 12, 2023

Sarah Wheeler: In the past you said that technology isn’t a differentiator, it’s just an equalizer. Rich Weidel: Yes, and even more now that we’re seeing in this down cycle which technologies provide value and which are just an expense. It wasn’t that long ago that technology was going to change everything.

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Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.

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Land Lending Technology Banks 414

Housing Wire

JUNE 7, 2021

Jason Gordon, AmTrust Title president, said Bozzomo is “ideal” for the role based on his experience with complex commercial transactions — including retail, office and multifamily. Like most in the title and closing industry, underwriters have had to adapt to a post-pandemic housing industry.

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Housing Wire

JULY 8, 2021

The transaction is expected to close within a month. Lereta, formerly known as Lenders’ Real Estate Taxes, also offers life-of-loan, basic, and commercial determinations, as well as portfolio reviews. Financial details of the transaction were not disclosed. It has over 4,000 clients, generally smaller lenders from across the U.S.

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Equity Commercial Technology Loans 393

Housing Wire

JUNE 30, 2022

title insurance industry’s risk-adjusted industry capital declined, however, overall it remained supportive of ratings at the close of 2021. However, as in the first quarter of the year, commercial title orders may help bolster revenue. According to Fitch Ratings Senior Director Gerry Glombicki, the U.S. Presented by: SoftPro.

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Housing Wire

APRIL 18, 2024

IS: The fundamental principle of our technology is that we structured ourselves to be seamless plug and play. That means we can plug into any workflow at any given time, with the most appropriate time at closing because that’s where a lot of fraud is happening. That’s nice way of using some AI on top of your OCR technology.

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Housing Wire

OCTOBER 31, 2022

In addition, both non-commercial and commercial title revenue were down, with yearly decreases of 18% and 5%, respectively. The market has shifted away from refinance towards purchase and commercial transactions, which is where we are stronger. The firm’s title segment reported an operating revenue of $647.9 year over year.

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Realty Biz

APRIL 13, 2022

COVID-19 has not only impacted work models, but it has impacted how commercial office spaces are used and managed. Many emerging technologies and tools are helping businesses to adapt their commercial office spaces to the post-pandemic workforce and helping business leaders to identify the potential to downsize their office spaces. .

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Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. The post How Blockchain Technology Is Revolutionizing The Property Market appeared first on RealtyBizNews: Real Estate News. Image Credit: Unsplash. Intermediaries.

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Realty Biz

MARCH 20, 2023

New technologies have advanced to the point where real estate agents can replace their static signs with dynamic digital ones that are easy to change and are usable in dozens of different applications across your marketing efforts. This goes double for commercial real estate, as the drive to find investors or commercial clients is very real.

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Housing Wire

FEBRUARY 18, 2022

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” Sometimes there are adverse site conditions for properties, such as busy streets, flood zones, commercial influence, etc.

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Housing Wire

JUNE 1, 2023

According to Gross, the move to the new company brings “access to improved pricing, technology and marketing to Platinum’s branches.” “In In early May, the company launched a commercial servicing division led by James DePalma and Janina Woods.

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Marco Santarelli

APRIL 28, 2024

Republic First Bank , a regional lender with branches in Pennsylvania , New Jersey , and New York , was closed by regulators, and its assets and deposits were taken over by Fulton Bank. The banking community is closely monitoring the situation, as the closure of Republic First Bank could be an indicator of underlying economic stresses.

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Banks Commercial Loans Technology 105

RIS Media

APRIL 20, 2021

Second Century Ventures (SCV), the strategic investment arm of the National Association of REALTORS® (NAR), recently announced the selection of nine technology companies for the 2021 REACH Commercial scale-up program. – Lex Markets : A securities market for commercial real estate.

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Housing Wire

JULY 26, 2021

New entrants continue to join the market with better technology and digital processes to simplify the loan process and provide fast closing experiences to meet consumer needs. In 2019, for example, one national lender reportedly spent $100 million to develop a digital platform that could originate and close transactions in eight days.

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GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. As such, we’ve included the Blend logo in those areas.

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Technology Marketing Purchase and sale agreement Equity 135

Housing Wire

FEBRUARY 10, 2022

Non-commercial domestic title revenue was responsible for $282.3 Commercial domestic revenue came in at $93.1 million due to improved commercial transaction size and volume compared to the prior year quarter. Total direct title revenue grew 24% from a year prior to $423.1 in Q4 of 2020 to 23.3% in Q4 2021.

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Title Commercial Title search Residential 393

Realty Biz

OCTOBER 21, 2021

There’s a lot of opportunity with both residential and commercial properties to use today’s technology in real estate. Here are some of the ways technology has been integrated into more parts of the buying and selling process in real estate. E-Signing Services. 3D Staging and Virtual Tours.

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GeekEstate

NOVEMBER 16, 2023

Today’s showcase: Rockport] With a focus on serving global financial institutions, Rockport is a provider of a suite of products that caters to the entire lifecycle of CRE, including debt, equity, and technology solutions. Additionally, Rockport ACT is an Accounting and Servicing solution that provides a full audit trail.

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Commercial Lending Equity Technology 118

Housing Wire

MARCH 25, 2021

That’s $213 million of total funding to-date for Notarize, which will funnel the recent round of capital into the company’s digital notarization and identity verification technology. The company also plans to double its staff in the next year, per an official statement. Total revenue grew 600% in 2020, he said.

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Land Title Technology Investor 375

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. Interfirst purchased refinance leads and sent them to Woodward to close. The work was not complex, he said.

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Housing Wire

MAY 14, 2021

Ferguson noted that the past 18 months have shown “incredible market demand” for Notarize’s technology, as more of the industry moves online as a direct result of the COVID-19 pandemic. “[Notarize’s] technology has been validated at scale, even among the most sophisticated financial firms,” Ferguson said.

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Title Loans Commercial Technology 374

RIS Media

DECEMBER 14, 2020

Second Century Ventures, the strategic investment arm of the National Association of REALTORS® (NAR) and active global real estate technology fund, is now accepting applications for the 2021 REACH and REACH Commercial programs. Applications for the 2021 REACH and REACH Commercial programs will be accepted through Jan.

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Commercial Technology Branding Residential 75

Housing Wire

JANUARY 22, 2021

If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C.-based That would be impressive, considering CoStar has already spent billions acquiring other firms in recent years, including a $250 million buyout of Homesnap in November and a $190 million deal for Ten-X Commercial in March.

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Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. CRE firms are also suffering through the highest interest rates seen in years. CREs need not go it alone.

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Housing Wire

APRIL 28, 2022

And its investment in technology support and innovation have helped the title insurer deliver consistent service to its customers, he said. Commercial was the only sector that saw an increase, rising from 3,569 opened orders during the first quarter of 2021 to 6,042 opened orders during the first quarter of 2022. million a year ago.

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Title Commercial Technology Marketing 370

Housing Wire

NOVEMBER 24, 2020

The acquisition was made for $250 million in cash and is expected to close by the end of this year, pending closing conditions and review, according to a release. PROJETO uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet. starting in January.

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