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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.

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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.

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Title Success enters the M&A matchmaking business

Housing Wire

Title valuation , brokerage and consulting services firm Title Success, which is powered by Bowe Digital , announced Monday that it has launched a newly designed website. The new site offers a listing service for title companies looking to sell their operations.

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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.

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Title companies fighting cybercrime to protect the American dream

Housing Wire

Recognizing the gravity of this threat, the title insurance industry has taken decisive steps to combat wire fraud, protect consumers and ensure the integrity of real estate transactions. Title companies are investing time and resources to ensure a safe and secure homebuying experience for consumers.

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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.

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D.C. Attorney General takes action against another title firm over alleged kickbacks

Housing Wire

On Thursday, his office announced a settlement with Universal Title over allegedly engaging in kickbacks with real estate agents through joint ventures in the Washington, D.C., My office is committed to ending illegal kickback schemes in the title insurance industry,” Schwalb said in a statement. Section 31-5031.15

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