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.

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Title Closing costs Finance Land 395

Housing Wire

MAY 11, 2022

Title insurers big and small can’t seem to escape rapidly deflating refinance volume, but Fidelity National Financial still pulled out the second-best quarter ever for title revenue in Q1 2022. A total of 522,000 direct title orders were opened during Q1 2022 compared to 770,000 direct title orders a year prior.

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Title Commercial Residential Investor 376

Housing Wire

SEPTEMBER 16, 2020

The title insurance industry saw a surge in premium volume in the second quarter of 2020, according to the American Land Title Association’s latest Market Share Analysis. In fact, the latest Fannie Mae forecast says mortgage lending will hit an all-time high of $3.9 But title insurance premiums are also surging as a result.

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Title Land Commercial Lending 454

Housing Wire

FEBRUARY 10, 2023

After a quarter characterized by weakening homebuyer demand and some of the highest mortgage rates seen in decade, it was no surprise that Stewart and First American recorded weaker financial results in the fourth quarter of 2022 compared to the same quarter a year ago. Stewart’s title segment reported an operating revenue of $581.6

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Title Commercial Investor Staging 313

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

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Mortgages Title Marketing Lending 338

Housing Wire

MAY 28, 2024

A licensed real estate broker since 2006, he managed a brokerage in San Diego and he also played a crucial role in establishing some of the first compliance management systems in the mortgage industry. The company’s brands include Fathom Realty , Encompass Lending , intelliAgent , LiveBy , Real Results , Verus Title and Cornerstone.

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Industrial Brokerage Title Branding 375

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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Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. In an email, Fannie Mae confirmed that the impetus for this change was that the use of AOLs could potentially reduce title costs for borrowers.

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Title Loans Land Industrial 386

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

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Title Land Equity Residential 370

Housing Wire

MAY 13, 2021

Compass has successfully become a publicly traded company, but the residential brokerage continues to lose money and it has unclear plans to generate more revenue. Compass CEO Robert Reffkin said that the brokerage is “expanding our adjacent service business” into title and escrow, and “plans to provide” mortgage services.

Mortgages 407

Mortgages Brokerage Title Residential 407

Housing Wire

OCTOBER 22, 2020

Pro Teck’s added scale and capabilities take us one step closer to becoming the premier title services company, allowing us to increase our services for our customers.”. Headquartered in Overland Park, Kansas, United States Appraisals provides residential management solutions on a nationwide level. Presented by: NAMB.

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Title Residential Technology Mortgages 280

Housing Wire

FEBRUARY 7, 2023

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS).

Mortgages 340

Mortgages Lending Loans Technology 340

Housing Wire

JUNE 3, 2024

Their innovative campaigns have captivated audiences, elevated brand visibility, and ultimately driven measurable results. This year, 50 winners were selected. Take a look at the full list of winners below. Congratulations to this year’s honorees!

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Marketing Branding MLS Mortgages 448

Housing Wire

JUNE 20, 2023

North Carolina-based Truist Financial Corporation announced on Tuesday that seasoned mortgage executive David Smith will be the head of Truist Mortgage effective July 31. mortgage lender and servicer, has shrunk amid a challenging mortgage market. Truist, a top U.S. higher than in the same period of 2022.

Mortgages 347

Mortgages Lending Title Residential 347

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. As of Sept. Here is how Hurst, via email, responded to our questions.

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Title Mortgages Commercial Technology 352

Housing Wire

JUNE 8, 2021

North Carolina-based Verus Title , a subsidiary of Fathom Holdings , has added offices in the Lone Star State. Verus Title will be focusing on expanding its presence primarily in North Texas, according to Paul Yurashevich, Verus Title founder and president. ” Verus is planning a full U.S.

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Title Technology Commercial Lending 231

Housing Wire

APRIL 22, 2024

Djon spoke on Sunday during a session on lead generation at The Gathering, HousingWire ’s real estate and mortgage conference, held in Scottsdale, Arizona. Power of a title company Samson Properties , a rapidly growing brokerage based in Northern Virginia, has taken a different approach.

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Brokerage Title MLS Commercial 361

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 313

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 353

Housing Wire

MAY 3, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions.

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Title Lending Technology Commercial 354

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. Despite what Eppinger called a “ challenging environment ” the title segment of the firm continued to perform well, although not as well as a year ago. million, down from $716.4

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Title Commercial Equity Residential 337

Housing Wire

MARCH 15, 2023

Seelig will focus on assisting the organization in their mission of providing financing to the residential mortgage market, Almodovar added. residential real estate mortgages. Fannie Mae currently backs nearly $4.1 trillion in U.S.

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Title Residential Finance Mortgages 385

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

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Loan Officer Loans Banks Title 360

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. FoA forward mortgage funded volume totaled $2.7

Mortgages 362

Mortgages Finance Loan Officer Commercial 362

Housing Wire

JANUARY 27, 2023

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. Hampered by the volatile interest rate environment and dramatic drop off in refinance transactions, the firm’s title insurance sector saw its pretax operating income drop 67.2% million, down from $627.0 million in Q2 2021.

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Title Commercial Residential Investor 359

Housing Wire

APRIL 27, 2023

The sharp decline in affordability driven by mortgage rates above 6%, along with low inventory and elevated home prices , adversely impacted the housing market, and as a result, our residential purchase business,” Ken DeGiorgio, the CEO of First American , told investors Thursday morning. million net income, down from $97.9

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Title Marketing Commercial Investor 345

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. Bank Home Mortgage. But it’s a challenge.

Mortgages 389

Mortgages Banks Technology Finance 389

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. The post Tech firm Polly bulks up to help modernize mortgage industry appeared first on HousingWire.

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Industrial Mortgages Lending Investor 339

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 323

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 346

Housing Wire

FEBRUARY 10, 2022

It is no secret that 2021 posed a variety of challenges for the title insurance industry. High demand for housing coupled with low mortgage rates led to an increase in both purchase and refinance transactions, pushing many firms to expand their capacity. In the title sector, pretax income increased 25% year over year.

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Title Commercial Title search Residential 372

Housing Wire

FEBRUARY 10, 2022

“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. Leveraging our proprietary data extraction technology, we are currently maintaining more than 1,600 title plants covering nearly 80% of the U.S. population.

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Title Commercial Residential Closing 371

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgages 417

Mortgages Loan Officer Lending Loans 417

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 326

Housing Wire

SEPTEMBER 13, 2023

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results.

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Brokerage Property Management Title Residential 330

Housing Wire

FEBRUARY 11, 2021

“Big Four” title insurer First American Financial Corp. Also announced by the title insurer was a total of $1.1 segment pretax margin of title insurance and services. Excelerate Capital acquires Castle Mortgage Corporation. First American said the decision will help it focus on its core title business.

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Title Commercial Closing Equity 436

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 372