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Compass’s title firm runs into trouble in Washington

Housing Wire

The state of Washington is set to revoke the license of Modus , a title and escrow service software company owned by Compass, effective April 1. The complaint points to six separate instances where Modus gave or offered to give non title-related services without charging or receiving a fee equal in value to the services provided.

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How gen AI is making real estate cybercrime easier than ever

Housing Wire

While cybersecurity experts believe fraudsters are just in the early stages of AI utilization, they have already seen some impressive applications. Adams and his team recently encountered a spoof website for a real title company, something he finds greatly concerning. It was a direct replica of the actual title companys website.

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Can AI launch the title industry into the future in 2024?

Housing Wire

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I The title industry has worked hard over the last few years to shed that reputation. The unsung heroes of title are examiners, processors and receptionists,” Trimble said.

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What do the D.C. attorney general’s actions mean for the future of title joint ventures?

Housing Wire

For more than two years, a storm has been brewing in the title insurance industry. Last week, the first raindrops began to fall when the Office of the Attorney General for the District of Columbia (OAG) announced settlements with four title firms over alleged kickback schemes. Because these title firms were all licensed by the D.C.

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Why “instant title” is a misnomer for mortgage lenders

Housing Wire

HousingWire recently spoke with Matt Regan, EVP of Transaction Management Systems at Flueid , about the need to redefine “instant title” to focus on adding value to loan evaluation and decision-making rather than just delivering the title commitment faster. A faster title commitment should equal a faster closing, right?

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Opinion: Automate title status check info with AI

Housing Wire

It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm. Much of that average time to close tends to pile up in the title and settlement stage of the process. Hoyt Mann is a co-founder and president of McKinney, Texas-based alanna.ai, a conversational AI assistant for title agents.

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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. ” FinLocker indicated that future initiatives will target other high-cost areas like title expenses.

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