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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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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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 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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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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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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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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Opinion: Regulation of title fee rates is already rigorous

Housing Wire

When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. Recently there have been misleading claims regarding the lack of conformity in title fees.

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Title solutions special reports

Housing Wire

The title process is complex and time-consuming, with points of friction that can increase time-to-close for lenders and borrowers. The post Title solutions special reports appeared first on HousingWire.

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Title insurance industry premiums spike $7B year over year

Housing Wire

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2

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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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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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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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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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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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Colorado Springs offers a window into Stewart’s title strategy

Housing Wire

Due to rising mortgage rates, soaring home prices and low inventory, the title insurance industry is falling precipitously from the record highs achieved during the pandemic. Refinance title orders dropped by nearly 50% from Q1 2021 to Q1 2022, falling from 81,750 orders to 40,574 orders.

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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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Title insurer Doma forecasts profitability in 2023

Housing Wire

The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 The company, formerly known as States Title , went public via a special purpose acquisition company in late July.

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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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Stewart Title makes second acquisition in under a week

Housing Wire

Less than a week after acquiring Nashville-based Homeland Title , Stewart Title is at it again. On Tuesday, the smallest of the “Big Four” title insurers announced that it had acquired a majority interest in Houston-based Great American Title Company (GATCO).

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Title insurers wrote nearly $20 billion in premiums in 2020

Housing Wire

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? segment pretax margin of title insurance and services.

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ATA National Title Group expands footprint in Michigan

Housing Wire

While large title insurers like Stewart , First American and Old Republic have been making headlines for their voracious acquisitions appetite, smaller players too are looking to expand their piece of the pie. The firm will be rebranded as Absolute Title Agency.

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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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Stewart Title acquires Informative Research for $192M

Housing Wire

“Big Four” title firm Stewart Title has struck yet another acquisitions deal. operations from ET Investments , and even expanded into Alaska with the acquisition of Yukon Title. Stewart Title Title insurance

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Old Republic joins in on the title acquisition fun

Housing Wire

Another week, another sign of consolidation in the housing title industry. Old Republic Title announced Monday that its subsidiary, Old Republic National Title Insurance Company , acquired the operating assets of Mountain View Title & Escrow, Inc.

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Opinion: Lack of conformity in title fees facilitates predatory lending

Housing Wire

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Moreover, do these lenders allow borrowers to select any other title company they prefer?

Opinion: The Great Resignation’s title cybersecurity risk

Housing Wire

While retention, engagement and automation are the hottest topics coming out of a growing labor shortage, employee turnover can also cause cyber risk and other operational issues for title companies. We all know that a title agency is chaotic — especially around month’s end.

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Title insurance premium volume surges 17.6% in Q3

Housing Wire

Mortgage title insurance premiums surged by 17.6% billion, according to the latest market share analysis from the American Land Title Association. billion in title insurance premiums seen in the second quarter this year. The title industry has paid $347.8

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The title insurance industry has a talent problem

Housing Wire

Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I

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The title insurance arms race heats up

Housing Wire

The first time Lawyers Title of Arizona Sales Executive Sarah Perkins walked through an acquisition was 2006. In fact, the feeding frenzy for title companies is just getting started. The post The title insurance arms race heats up appeared first on HousingWire.

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North American Title hires Cassidy to lead compliance

Housing Wire

Title insurance veteran Janice Cassidy has been named agency compliance manager at North American Title Insurance Co., Before becoming an escrow manager and title officer in Jacksonville, Florida, Cassidy owned her own title agency in New Jersey.

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