Housing Wire

FEBRUARY 10, 2023

The two Big Four title insurers announced their fourth quarter earnings on Thursday, hosting earnings calls with investors and analysts. Stewart’s title segment reported an operating revenue of $581.6 Stewart’s title segment reported an operating revenue of $581.6 At Stewart , Q4 revenue came in at $665.9 billion in 2021.

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Title Commercial Investor Staging 285

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. The portfolio of loans examined included residential, commercial investor and business purpose loans. of transactions.

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Loans Title Commercial Closing 426

Housing Wire

JUNE 15, 2022

Two new single-family rental (SFR) securitization deals sponsored by large institutional players — often described as “Wall Street” investors — hit the private label market in June, bringing the total deal count so far this year to 10. The Progress Residential SFR platform was launched in 2012 “to capitalize on dislocation in the U.S.

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Investor Residential Loans Mortgages 382

Housing Wire

NOVEMBER 16, 2021

PIMCO, founded in 1971, has a long history of aggregating residential mortgage loans as well as managing assets for corporations, sovereign wealth funds, pension funds and other investors. A look at the role instant title plays in the borrower journey. “The loans are serviced by Rushmore Loan Management Services.”. for 2021-HE2.

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Equity Investor Marketing Title 318

Housing Wire

MARCH 2, 2021

HW: How can integrating title and valuation data points alleviate those pain points? SG: It can help close loans with greater speed and ease, reduce vendor oversight, mitigate risk, lower costs and ease underwriting reviews for lenders, servicers and investors. That’s why we offer our HomeVal hybrid solution. Altisource does.

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Title Lending Due diligence Title search 241

Housing Wire

JULY 28, 2023

Like its big four counterparts First American and Old Republic, Stewart , the smallest of the four largest title underwriters , still managed to turn a profit despite challenging housing market conditions. Stewart’s title segment also recorded a drop in its operating revenue, which fell 39% year-over-year $466.7

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Title Commercial Residential Investor 285

Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. For DeGiorgio’s firm, these conditions resulted in a total revenue of $1.4 million a year prior.

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Title Marketing Commercial Investor 314

Housing Wire

AUGUST 9, 2023

Despite a 18% annual decline in purchase title orders opened per day in Q2 2023, Fidelity National Financial executives believe housing demand remains strong. Nolan’s assertions about the housing market were underlined by the strong performance of Fidelity’s title segment during the quarter.

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Title Residential Commercial Investor 330

Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 In addition, the firm’s adjusted pre-tax title margin was 22.4%

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Housing Wire

JULY 28, 2022

executives remained positive during their earnings call with investors Thursday afternoon. While Old Republic Title certainly faced headwinds during the second quarter due to rising interest rates and a slowdown in homebuying demand, it still managed to generate $1.03 billion in title net premiums and fees, just 7.1%

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Title Commercial Investor Residential 308

Housing Wire

OCTOBER 26, 2023

Thursday was a big day for title firm earnings, with three of the Big Four title insurers reporting their third-quarter 2023 earnings. The day began with Stewart’s Q3 2023 earnings call with investors and analysts. Title segment operating revenue came in at $522.1 For comparison, the title firm recorded a $2.4

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Title Commercial Equity Residential 307

Housing Wire

JANUARY 27, 2023

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. Despite being down drastically compared to last year’s record-breaking numbers, executives told investors on the firm’s fourth-quarter and year-end earnings call on Thursday that they were in line with expectations. million, down from $627.0

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Title Commercial Residential Investor 330

Housing Wire

MAY 4, 2023

During the first quarter of 2023, the Big Four title insurer reported revenue of $2.474 billion, down from $3.167 billion in Q1 2022, and a net income of $59 million compared to $400 million a year prior. Fidelity’s title segment reported revenue of $1.6 billion for the quarter, down from $2.4

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Title Commercial Land Residential 352

Housing Wire

APRIL 28, 2023

Old Republic’s title segment also struggled with net premiums and fees earned during the quarter dropping 41.6% million, the result of lower revenues in both direct and agency title operations. For Old Republic , the softer market results in total revenue falling from $2.207 billion in Q1 2022 to $1.759 billion in Q1 2023.

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Title Commercial Residential Investor 294

Housing Wire

NOVEMBER 11, 2022

Even though revenue is down and open title orders are down from last year, there’s a silver lining for Big Four title insurance firm Fidelity National Financial : it’s still in line with business in 2019, one of the best years on record. Fidelity’s title segment recorded revenue of $2.3 billion, down from $2.9

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Title Commercial Closing Residential 321

Housing Wire

MARCH 1, 2021

The numbers are in: Compass lost $270 million in 2020, and the residential real estate brokerage generated $3.7 For residential real estate professionals, Compass’s “S-1” – the financial disclosure statement a U.S. Also, last month: the brokerage purchased KVS Title Inc. , a title and escrow company for $52 million.

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Marketing Title Brokerage Residential 410

Housing Wire

JANUARY 25, 2024

From at least August 29, 2022 to December 2, 2022, individuals who were not licensed as loan officers (LOs) in Connecticut acted as LOs by taking residential mortgage loan applications , soliciting Connecticut borrowers for mortgages and offering or negotiating terms of mortgages, according to the order issued earlier this month.

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Loan Officer Loans Banks Title 329

Housing Wire

JANUARY 18, 2021

In December, AmTrust Title Insurance Company announced the hiring of seasoned underwriter Mary Shelley as its midwest region agency underwriter. “As our agency base grows, so too does the need for experienced underwriters that can handle all sorts of transactions on AmTrust Title paper, from residential purchases to commercial.”

Mortgages 505

Mortgages Title FHA loan Commercial 505

Housing Wire

FEBRUARY 10, 2022

Despite this increase, First American’s newly appointed CEO , Ken DeGiorgio, said on an earnings call with investors that everyone at the company is proud of these achievements. At the beginning of 2021, we announced our intention to expand our title plant footprint from 500 counties to 1500 by the end of that year. population.

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Title Commercial Residential Closing 344

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. Our company delivered good financial results in the first quarter, our seasonally slowest period,” CEO Ken DeGiorgio said during the company’s first quarter 2021 earnings call with investors on Thursday.

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Title Commercial Closing Loans 341

Housing Wire

FEBRUARY 21, 2023

The deal will offload an FoA subsidiary division that offers residential real estate investment loans. Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors.

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Commercial Lending Finance Title 298

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Hurst: Over the first few years of our venture investment activities, we predominantly invested in new models for engaging customers and stakeholders in the residential purchase market. As of Sept.

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Title Mortgages Commercial Technology 329

Housing Wire

JULY 25, 2023

Anywhere, world’s largest franchisor of residential real estate brands and formerly known as “Realogy,” attributed this drop to a steep drop in home sale transaction volume. “We The annual decrease in net income came as revenue for the quarter dropped 22% year over year to $1.67

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Purchase and sale agreement Title Brokerage Branding 273

Housing Wire

JULY 8, 2022

House Financial Services Committee’s Subcommittee on Oversight and Investigations (the subcommittee), was sent to the following companies: Invitation Homes ; American Homes 4 Rent ; FirstKey Homes (owned by Cerberus Capital Management ); Progress Residential (owned by Pretium Partners ); and Amherst Residential.

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Equity Residential Investor As-is 392

Housing Wire

MARCH 9, 2022

On a call with investors Tuesday evening, CEO Josh Harley said the firm is looking to achieve profitability “in the near future.”. “A Harley and Fregenal also cited Fathom’s growing mortgage, technology and title insurance sectors as sources of profitability in the future. In 2020, flat-fee absolutist Fathom lost $1.3

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Title Brokerage Investor Agents 315

Housing Wire

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. Investors’ No. Of this, the U.S. accounts for approximately 23%. exceeds $1.5

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Finance Principal Residential Development 345

Realty Biz

SEPTEMBER 8, 2022

Thanks to residential and commercial technology, you don’t have to have millions to be a real estate investor. Apps like Fundrise, RealtyMogul, and Cadre help the every-person become a real estate investor. With multiple investors pooling together, larger (more expensive) investments are now available.

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Technology Investor Commercial Property Management 100

Housing Wire

SEPTEMBER 10, 2021

Accomplice led the round with participation from repeat Orchard investors FirstMark , Revolution Growth , First American , Juxtapose and a syndicate of new investors. We’ve had a year of hyper growth, but at Orchard it’s still day one for transforming residential real estate in favor of the customer.

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Lending Title Investor Equity 360

Housing Wire

NOVEMBER 25, 2020

Venture-backed residential brokerage Compass has hired bookrunners ahead of an independent public offering in 2021, according to a new report. billion from blue-chip investors, including SoftBank , Fidelity , Wellington Management , Goldman Sachs, Dragoneer , Canadian Pension Plan Investment Board , IVP , LeFrak and others.

Brokerage 379

Brokerage Residential Title Agents 379

Housing Wire

AUGUST 1, 2023

The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women. Congratulations to the 2023 Women of Influence winners.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

APRIL 5, 2022

A traditional Uniform Residential Loan Application (URLA) is a great starting point. Section C: Title doesn’t make sense here since you have NFTs on the blockchain to prove ownership with full transparency. Section H: Similar to Section C, NFTs on the blockchain essentially make owner’s title insurance unnecessary.

Mortgages 527

Mortgages Lending Land Loans 527

Housing Wire

JUNE 30, 2021

In February, CoreLogic began making headway in the closing space of the industry, launching a digital title and closing solution attached to Complete Collateral ? CoreLogic began combating a takeover bid from investors who jointly own or have an economic interest equivalent to approximately 15% of CoreLogic’s outstanding common stock.

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Closing Closing costs Investor Title 348

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. It operates more than 650 branches nationwide and employs some 4,000 people.

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Industrial Mortgages Lending Investor 312

Housing Wire

AUGUST 2, 2021

Mortgage Investors Group. Westcor Land Title Insurance Company. WFG National Title Insurance Company. SVP, Residential Servicing Division. GM of Orchard Title and Head of Closing Operations. Stewart Title. Head of Blend Title. Company Name. Abbie Tidmore. Adrienne Goolsby. SVP, US & Canada.

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Title Lending Finance Technology 393

Housing Wire

NOVEMBER 5, 2021

In every single residential real estate transaction, the housing industry comes together. Lenders and agents put their trust in title partners. And servicers and investors depend on originators to produce high-quality mortgage loans and securities. All Things Housing. Real estate agents partner with lenders.

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Title Mortgages Lending Development 286

Housing Wire

JANUARY 12, 2021

SoftBank -backed residential brokerage Compass filed paperwork with the Securities and Exchanges Commission on Monday to go public. Founded in 2012 by Robert Reffkin and Ori Allon, Compass ended 2019 as the third-largest residential brokerage in the country, according to REAL Trends. The brokerage, which has raised $1.5 It posted $91.2

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Brokerage Residential Title Agents 343

Housing Wire

OCTOBER 28, 2021

Growing up in the ’80s I only need to hear the title of this song and can still immediately conjure up the tune and even the lyrics. In the residential mortgage environment today, we are seeing a unique set of circumstances that have layered on top of each other. Matt Merlone Sr. Fraud Risk DataVerify. Bottom line.

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Lending Residential Loans Industrial 314