Housing Wire

DECEMBER 27, 2023

The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. One buyer commented: “We wired in full payment for a home that was supposed to close last week. 20 cybersecurity incident.

Closing 496

Closing Title Technology Mortgages 496

Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. The bill is being considered in several states nationwide.

Title 450

Title Industrial Purchase and sale agreement Title search 450

Housing Wire

JANUARY 18, 2024

Closing software provider Qualia is accusing a former employee and startup title production software firm Settlor of stealing trade secrets. Myers joined Qualia in 2021 through the firm’s acquisition of Resware from Adeptive Software , which closed in December 2020. In a lawsuit filed on Tuesday in U.S.

Title 421

Title Closing Land As-is 421

Housing Wire

MARCH 9, 2023

The title insurance industry is often bemoaned for being antiquated and making minimal changes, but that has not been the case for the past 12 months. The program would grant certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae and will be rolled out this spring, according to Politico.

Title 397

Title Closing costs Finance Land 397

Housing Wire

AUGUST 22, 2023

Prospective homebuyers face an obstacle course of challenges – from financing to logistics – once they make the decision to purchase a home. Fees add up in transaction While the cost of title insurance is less than.5% Fees add up in transaction While the cost of title insurance is less than.5%

Title 370

Title Land Industrial Loans 370

Housing Wire

OCTOBER 13, 2022

Unlike the title industry’s cybersecurity and wire fraud challenges, which are strictly 21 st century issues, the recent interest and use of attorney opinion letters (AOLs) harkens back to an earlier era of homebuying. One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers.

Title 393

Title Closing costs Title search Closing 393

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?

Title 421

Title Industrial Title search Technology 421

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. issues per loan indicating the lack of appropriate controls by closing agents to identify and fix issues.

Title 441

Title Banks Loans Closing 441

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.

Title 416

Title Commercial Mortgages As-is 416

Housing Wire

APRIL 11, 2022

In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. Fannie Mae has identified closing costs as a barrier to homeownership,” Jim Albertelli, the CEO of Voxtur said in a statement.

Title 410

Title Closing costs Loans Closing 410

Housing Wire

DECEMBER 7, 2023

Big Four title firm Stewart Title has filed a lawsuit against closing and title production software provider Qualia over a contractual dispute. According to the filing, Qualia has threatened termination or “non-renewal” of Stewart’s licensing agreement, which the filing states in “in direct violation” of the agreement.

Title 410

Title Design Closing Finance 410

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.

Title 421

Title Industrial Purchase and sale agreement Agents 421

Housing Wire

JUNE 25, 2021

It’s been a busy week for Pennsylvania-based Title Alliance. Nine days after officially announcing a new branch in Washington , the title company has made another move in a big market, expanding its Arizona footprint into Phoenix and Mesa. How tech can improve the title experience without removing the human element.

Title 342

Title Finance Closing Industrial 342

Housing Wire

JANUARY 11, 2022

Unlike other HousingWire awards, Finance Leaders focuses specifically on corporate finance, secondary marketing, capital markets or strategic finance executives within mortgage banking or a real estate brokerage only. The post Nominations for HousingWire’s Finance Leaders award are now open!

Finance 397

Finance Residential Title Mortgages 397

Housing Wire

JUNE 1, 2022

As a result, lenders and title companies are seeking ways to invest and implement solutions that will further streamline operations, grow market share, remain competitive, and improve borrower experience while providing increased ROI. One avenue to reduce cost and streamline the closing process is to offer digital closings.

Closing 410

Closing Title Loans Technology 410

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Meanwhile, Harit Talwar will be the chairman of the board of directors at Better Home & Finance.

Closing 370

Closing Pre-approval Finance Title 370

Housing Wire

SEPTEMBER 22, 2021

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business. Current partners of Tempo Title will continue operating under their own brand names.

Title 335

Title Brokerage Branding Construction 335

Housing Wire

JANUARY 15, 2021

Michelle DeBella joined Knock as its new chief financial officer, joining the company from Lyft , where she served as vice president, finance transformation and governance. DeBella has more than 25 years of experience in finance, including roles at Uber , Hewlett Packard Enterprise and Ernst & Young. Presented by: CoreLogic.

Title 397

Title Mortgages Finance Industrial 397

Housing Wire

MARCH 2, 2021

TitleOne , a subsidiary of Realogy Title Group, announced today the acquisition of Land Title of Nez Perce County in Lewiston, Idaho. Land Title of Nez Perce County was previously owned and operated by Joe Strohmaier, a 25-year industry veteran who will continue to manage Land Title’s operations.

Title 397

Title Land Finance Loans 397

Housing Wire

SEPTEMBER 22, 2021

Real estate brokerage Compass announced Wednesday that it has signed an agreement to acquire Denver metro area based title insurance company First Alliance Title LLC , its fourth title insurance acquisition in the past year and second this month. based KVS Title. The financial details of the deal are not being disclosed.

Title 364

Title Brokerage Finance Loans 364

Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. Services , a title and search support servicer, in March. Services , a title and search support servicer, in March.

Title 410

Title Mortgages Loans Loan Officer 410

Housing Wire

MARCH 2, 2021

Title insurance startup Doma – formerly known as States Title – announced today that it will go public through a merger with special purpose acquisition company Capitol Investment Corp. Doma, founded in 2016, says its patented machine-learning technology reduces title processing time from five days to five minutes.

Title 415

Title Equity Principal Branding 415

Housing Wire

DECEMBER 14, 2023

In an update to its selling guide , Fannie Mae announced Wednesday that it was expanding the use of attorney opinion letters in lieu of title insurance. Fannie Mae first announced that it would accept loans secured with an AOL in lieu of title insurance in limited circumstance in April 2022.

Title 437

Title Land Finance Loans 437

Housing Wire

SEPTEMBER 4, 2020

This includes Realtor associations, MLSs, agents, brokers, lenders and title companies. Wheeler has worked closely with the executive team at Opendoor over the last year, helping them refine their financial model and navigate the onset of COVID-19.

Finance 450

Finance Branding Title Lending 450

Housing Wire

NOVEMBER 9, 2020

As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgage technology to connect with consumers in new ways and grow their businesses. This is such a big ecosystem that we are in, we have to keep an open line of communication with people.”.

Title 485

Title Technology Lending Land 485

Housing Wire

MARCH 28, 2024

The result is that safe and affordable financing is out of reach for tens of thousands of credit-ready homebuyers looking to purchase a manufactured home. Unlike site-built homes, which are always titled as real estate, over 40% of manufactured housing is titled as personal property (the same way a car is titled).

Title 450

Title Finance Loans Lending 450

Housing Wire

APRIL 17, 2024

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud , according to a report released Wednesday by FundingShield. issues, which FundingShield says indicates a lack of appropriate controls by closing agents and lenders to identify and fix issues.

Loans 450

Loans Title Commercial Closing 450

Housing Wire

JUNE 16, 2021

Pennsylvania-based Title Alliance Ltd. The new branch in Tacoma, Washington will be added to Title Alliance’s family of joint ventures with Title Alliance Northwes t, which is a partnership with a Keller Williams Realty franchise. Washington is the 11th state with a Title Alliance presence. year over year.

Title 224

Title Finance Industrial Development 224

Housing Wire

APRIL 13, 2021

Title insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to – you guessed it! – Just how fruitful was 2020 for title insurers? Old Republic reported a 20% increase in title insurance income for the full year in 2020, rounding out at $3.29

Title 370

Title Land Equity Residential 370

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. Much like efforts to achieve full self-driving vehicles, the road to achieve full digital closings has been bumpy. E-mortgage volume spikes. History of ‘e’. Treasury recommends standardization.

Closing 441

Closing Title Technology Land 441

Housing Wire

MARCH 21, 2024

Equifax’s Work Number product is too expensive for consumers and the Federal Housing Administration ( FHA ) and Federal Housing Finance Agency ( FHFA ) should potentially do something about it, an influential mortgage trade group argued this week.

Closing costs 458

Closing costs Loans Title Finance 458

Housing Wire

APRIL 1, 2021

Title and settlement can be particularly challenging in servicing. The difficulty lies in identifying, accurately assessing and proactively resolving title issues— especially when servicers are dealing with large volumes of assets. The company’s products make it easier for servicers to navigate the title process and eliminate errors.

Title 239

Title Loans Investor Banks 239

HomeLight

MARCH 28, 2024

When a home sale closing is delayed, it’s usually the buyer holding up the deal due to financing hiccups, low appraisals, title issues, or problems found during the final walkthrough. But what happens if a seller misses the closing date? The closing date is always in the contract.

Closing 113

Closing Purchase and sale agreement Title Closing costs 113

Housing Wire

MARCH 1, 2024

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

Title 439

Title Title search Industrial Closing costs 439

Housing Wire

FEBRUARY 6, 2024

The three main categories of fraud impacting victims were seller impersonation fraud , fraudsters impersonating the title agency and tricking buyers to wire their down payment to a fraudulent account, and fraudsters impersonating lenders and sending title companies fraudulent mortgage payoff instructions.

Title 432

Title Closing Industrial Agents 432

Housing Wire

APRIL 11, 2023

Real estate transactions can be complicated, especially when it comes to titles and escrow. As a professional in the industry with over twenty years of experience, I know that two of the most crucial aspects of any real estate transaction are title and escrow. So why are title and escrow so important?

Title search 384

Title search Title Purchase and sale agreement Preliminary report 384

Housing Wire

APRIL 2, 2024

Steinway, who closed more than $1.5 Steinway was also one of the first four loan officers to be hired at Guaranteed Rate , where he earned the firm’s Chairman’s Club title for hitting $100 million in yearly production multiple times. billion in mortgages in 2023, according to estimates from Inside Mortgage Finance.

Loan Officer 421

Loan Officer Loans Finance Mortgages 421