article thumbnail

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.

Title 448
article thumbnail

FundingShield: Wire, title fraud risk hits record high

Housing Wire

Nearly half of real estate transactions reviewed in the first quarter of 2025 showed signs of potential wire and title fraud, according to a report from FundingShield. These findings reflect a lack of appropriate controls by closing agents and lenders to identify and fix issues, the report stated. It found that 46.8% In Q1 2025, 10.8%

Title 363
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Title 468
article thumbnail

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.

Title 367
article thumbnail

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.

Title 393
article thumbnail

Bipartisan congressional caucus calls on FHFA to halt title waiver program

Housing Wire

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. According to the letter, the average cost of a title claim and associated expenses is $26,000.

Title 418
article thumbnail

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. ”

Title 341