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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products.

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The title industry’s role in uncertain times

Housing Wire

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. Title insurance is — and will always be — essential. Industry Voices Title title industry Title insurance

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The title insurance industry prepares for battle

Housing Wire

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year.

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Stewart Title buys largest title company in Illinois

Housing Wire

Just days after announcing its acquisition of Michigan-based Devon Title Agency , Stewart Title is back at it, announcing its acquisition of Greater Illinois Title Co. Chicago-based GITC is the largest title company in Illinois.

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AmTrust Title introduces MidPoint

Housing Wire

New York-based AmTrust Title Insurance Company on Tuesday introduced MidPoint , its new title closing solution enabling title agents to work outside their geographic areas to serve clients nationwide. AmTrust Title is a wholly owned subsidiary of AmTrust Financial Services, Inc.

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Community Title Network acquires Colony Title Group

Housing Wire

Mid-Atlantic title company Community Title Network LLC has acquired Colony Title Group LTD, an agency in Columbia, Maryland. Edwin Tillman, who founded Colony Title Group in 1995, will remain with the company and serve as leader of branch operations.

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How in-between tech can save the title industry

Housing Wire

In the title industry , like the rest of the home finance industry, the real dangers are high operating costs that come from inefficiency. As the market contracts, experienced title agency executives can feel the shift and know exactly what it means.

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Title insurance industry reports best quarter on record

Housing Wire

The American Land Title Association saw a 32.5% year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis , published on Thursday. During Q3 2021, the title insurance industry generated $6.8

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Stewart Title merges Nevada offices

Housing Wire

Stewart Title continues to tinker with its national footprint. The title giant recently combined its two Northern Nevada divisions – Legacy Division and Western Division. Thomas Title also has offices in Texas, the Stewart group said in a Friday press release.

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Stewart acquires yet another title company

Housing Wire

There is no slowing down Stewart Title. The smallest of the “Big Four” title insurers announced Thursday that it had acquired Michigan-based Devon Title Agency , gaining scale in a hot housing market. million in direct title revenue, up 31% from Q3 2020.

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Stewart Title shows no signs of slowing down expansion

Housing Wire

Stewart Title has acquired Las Cruces Abstract and Title according to an announcement made Friday. Founded in 1926, Las Cruces Abstract and Title serves Dona Ana, Hidalgo and Luna Counties in southern New Mexico. How to solve communication breakdowns in the title workflow.

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Title Talk with Rachel Luna

Housing Wire

Rachel Luna, principal of Patriot Title Company. With over 13,000 followers on Instagram , Rachel Luna, the principal of Texas-based Patriot Title Company , is the self-proclaimed “Texas Title Queen.” I never left title again. It sounds like you stumbled into title!

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Foundation Title & Escrow merges with Paulus Title

Housing Wire

Foundation Title & Escrow announced it is expanding its footprint in Alabama through its merger with Paula Title. This is the latest in a series of growth expenditures for Tennessee-based Foundation Title & Escrow.

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As title insurance volume shrinks, workers take on more tasks

Housing Wire

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report.

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reAlpha partners with Title First Agency

Housing Wire

Fractional real estate investment firm reAlpha announced late last week that it is partnering with Title First Agency to provide title and closing services on all of the firm’s property acquisitions. A look at the role instant title plays in the borrower journey.

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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives.

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AmTrust Title adds executive counsel

Housing Wire

AmTrust Title Insurance Company has added two executives to its team, naming James Bozzomo as chief underwriting counsel for direct operations and Jefferson Howeth as senior corporate counsel. Howeth served as general counsel for a title underwriter for six years prior to joining AmTrust.

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Knight Barry Title continues Florida expansion

Housing Wire

Wisconsin-based Knight Barry Title acquired two additional businesses in Florida, running up its number of Sunshine State locations to 15. Knight Barry acquired Closing Boutique’ s two Orlando offices in Clermont and Mount Dora, Florida, as well as Home Title America in West Palm Beach.

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Lanco Title joins Northwest Title family of companies

Housing Wire

Ohio-based Lanco Title Agency has joined forces with the Northwest Title group, bringing the two Buckeye State firms together. Lanco Title, owned by Jon Clark, was founded in 1979, servicing the southeastern and central Ohio markets.

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Here are 2020’s top companies in title so far

Housing Wire

The title industry experienced quite a rush in the second quarter of 2020 with $4.18 billion in title insurance premiums generated. Below are the top 4 companies in title by market share for the second quarter. Here are the top 5: Westcor Land Title Insurance : 5.9%

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Punctual Abstract acquires Slade Title Research

Housing Wire

Punctual Abstract , which compiles and provides abstracts, title evidence and ancillary documents, such as HOA estoppels, tax certificates and municipal, announced Monday that it has acquired Mississippi-based Slade Title Research.

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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.

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Ransomware imperils title, mortgage industry

Housing Wire

Ransomware attackers hit major title industry cloud services provider Cloudstar , stopping an untold number of loans from closing on Monday. The ramifications for the title and mortgage industry may extend beyond the immediately impacted loan applications.

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Compass acquires another title company

Housing Wire

Real estate brokerage Compass announced Monday that is has signed an agreement to acquire Dallas-based title insurance company LegacyTexas Title Co. , its latest foray into the title and escrow space. LegacyTexas Title has served the North Texas area for over 40 years.

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SoftPro integrates with Conestoga Title Insurance Co.

Housing Wire

Title and closing software provider SoftPro has released a new integration with Pennsylvania-based Conestoga Title Insurance Company , the firms said Wednesday. Earlier this year, the title software company announced its integration with remote online notarization provider Notarize.

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Radian expands its online title insurance platform

Housing Wire

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. Many home buyers are unaware that they have choices when shopping for title insurance.

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Title insurers reckon with attorney opinion letters

Housing Wire

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.

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Title insurance premiums surging during COVID-19 pandemic

Housing Wire

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. But title insurance premiums are also surging as a result. The title insurance industry generated $4.18

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5 keys to having a profitable title operation in 2023

Housing Wire

In March of 2020, every title company owner, leader and employee all wondered the same thing: “Will I have a job or a company in 90 days?” One morning in 2022 every title company owner and leader woke up with one very simple problem: they suddenly had too many employees.

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Fannie Mae announces title insurance shake up

Housing Wire

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.”. The post Fannie Mae announces title insurance shake up appeared first on HousingWire.

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American Digital Title is open for business in California

Housing Wire

American Digital Title Insurance Co. , a Denver-based insurtech title insurance provider controlled by insurance giant Munich Re , has been authorized to underwrite title insurance in California, the second largest title insurance market in the country.

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AEGIS Land Title acquires Capital Title of Washington

Housing Wire

AEGIS Land Title Group last week announced the acquisition of Capital Title of Washington , a boutique independent title and escrow provider operating in the greater Seattle area. The post AEGIS Land Title acquires Capital Title of Washington appeared first on HousingWire.

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Despite market headwinds, title industry reports strong Q2

Housing Wire

Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. with 21.4%; Old Republic National Title Insurance Co.,

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Knight Barry Title acquires Florida’s MLS Title

Housing Wire

Wisconsin-based Knight Barry Title has announced its acquisition of MLS Title , located in Fort Myers, Florida. MLS Title, owned by Susan Malach, opened in 2004. Bringing Susan’s great team on board serves two purposes for us — more convenience for our already loyal local customers and the opportunity to keep building the KBT brand,” said Craig Haskins, Knight Barry Title chief operating officer. In 2018, it acquired four title agencies south of the Twin Cities.

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Title Companies and Solutions Special Reports

Housing Wire

The title process is complex, time-consuming and subject to errors and security concerns, which can potentially delay a borrower’s closing date. CoreLogic DataTrace Overland (Boston National Title) Qualia Radian ServiceLink Sourcepoint WFG Lender Services.

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