Housing Wire

AUGUST 14, 2023

For a few months now it has been clear that changes were afoot at title firm Doma. These financial results came as the number of title orders closed by Doma during the quarter dropped significantly to 7,036 from 18,799 in Q2 2022. “We Overall, Doma reported revenue of $88.85

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Housing Wire

AUGUST 17, 2023

With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. Just three title insurance firms made the annual Inc. Nine title insurers made the list in 2022. Virginia Beach, VA-based Priority Title made the list again in 2023. 5000 list. 1115 in 2022.

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Housing Wire

DECEMBER 16, 2022

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. Title insurance is a comprehensively regulated product.

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Housing Wire

JANUARY 19, 2023

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. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

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Housing Wire

DECEMBER 26, 2022

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. For the title insurance industry, she feels this will result in a thinning of the herd.

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Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. The bill is being considered in several states nationwide.

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Housing Wire

APRIL 17, 2023

Some say that the nearly 150-year-old title industry has a difficult time adapting and evolving. However, the title industry has proven these critics wrong over the past decade, and importantly, it has done so without leaving homeowners vulnerable to unnecessary risks. Think an old dog can’t learn new tricks?

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Housing Wire

DECEMBER 22, 2021

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. Roughly a month ago, Stewart acquired New Mexico-based Las Cruces Abstract and Title.

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Housing Wire

JUNE 23, 2023

High mortgage rates , economic uncertainty and low housing inventory did very little to help title premium volume during the first quarter of 2023. In the first three months of the year, the title industry generated $3.37 Top underwriters for the quarter by market share included First American Title insurance Co. With 25.1%

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Housing Wire

JULY 28, 2023

Results for First American’s title segment were not as strong. The title segment’s quarterly revenue of $1.53 These decreases came as the total number of closed title orders for the quarter dropped to 128,300 from 205,000 a year ago. annual decrease in title insurance net premiums and fees generated to $649.6

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Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. for $100 million, according to a filing with the U.S.

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Housing Wire

MAY 10, 2023

Real estate giant Anywhere is launching a title insurance joint venture exclusively for Anywhere Brands franchisees, according to an announcement on Wednesday. Upward Title & Closing is a full-service title and settlement company. It represents another way Anywhere is empowering everyone’s next move.”

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Housing Wire

MARCH 3, 2023

Title industry revenue dropped 19% year over year in 2022, according to data released Thursday by Fitch Ratings. This 19% decline is on a GAAP basis for the Fitch Ratings title universe, which includes Fidelity National Financial , First American , Old Republic and Stewart.

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Housing Wire

OCTOBER 11, 2022

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. Shaddock also founded First National Title Insurance Company , one of the largest title insurance underwriters in the country.

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Housing Wire

APRIL 1, 2023

Brena Nath, Director of HW+ and Events When looking at the home-buying process, I’ve always found it fascinating and impressive that the title agent usually wins the buyer-driven social media post. To add to the story, the buyer usually doesn’t even pick the title agent — the seller does.

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Housing Wire

SEPTEMBER 18, 2023

For title professionals, understanding and countering this threat is paramount. SoftPro can help The above methods can help any title business protect itself from traditional cyber-attacks. In today’s evolving technological landscape, wire fraud is a pervasive risk, particularly in real estate transactions.

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Housing Wire

MAY 8, 2023

The rapid housing market cool down and the rapid pace at which the Federal Reserve hiked interest rates took their toll on the title insurance industry in 2022. During the fourth quarter of the year, the title insurance industry generated $4.4 billion in title insurance premiums, down 38% year over year. The industry paid $569.1

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Housing Wire

JUNE 5, 2023

Title Resources Group (TRG), a leading title insurance underwriter, announced on Monday that HomeServices of America , a Berkshire Hathaway affiliate and one of the nation’s largest residential real estate companies, has increased its ownership stake in TRG. “Our partnership has already created value for our operations.

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Housing Wire

JUNE 7, 2022

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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Housing Wire

MAY 23, 2023

announced on Tuesday the completion of an agreement for WFG to acquire certain branches of Doma’s West Coast local retail title operations. The deal includes multiple retail title locations and operations centers in the Northern and Central California regions. Williston Financial Group (WFG) and Doma Holdings, Inc.

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Housing Wire

AUGUST 9, 2022

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.” Luna has worked her way through the ranks and is now among the most recognizable pros in the title industry. “I

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Housing Wire

APRIL 28, 2021

Mid-Atlantic title company Community Title Network LLC has acquired Colony Title Group LTD, an agency in Columbia, Maryland. It’s the third acquisition made by Community Title Network, which acquired Virginia-based The Settlement Group in June 2019 and Baltimore’s Continental Title Group in July 2016.

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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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Housing Wire

JUNE 26, 2023

In the title insurance industry this resulted in a drop in capital adequacy , according to a report released Friday by Fitch Ratings. Rising mortgage rates , lower homebuyer demand and fewer homeowners choosing to sell their homes caused the housing market to slow during the second half of 2022.

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Housing Wire

JANUARY 20, 2023

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. No platform was completely successful in achieving this goal.

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Housing Wire

OCTOBER 4, 2022

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. billion in title insurance premium volume, only slightly down from the $6.54 billion in 2022.

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Housing Wire

JUNE 19, 2023

So you’ve been using the same outdated title production software for years and feel like you’re no longer getting the most bang for your buck. The four most common questions we hear from title professionals about their concerns with switching their software are: What are the benefits of switching? Will our data be safe?

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Title Residential Technology Industrial 370

Housing Wire

APRIL 2, 2023

Closings can only move as quickly as information is able to be exchanged and acted upon between a title and escrow company and its partners.

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Housing Wire

MAY 26, 2023

Whether you believe the worst market conditions are now behind us or that the coming months will remain turbulent, there’s no doubt that title related businesses will need a combination of thrift, ingenuity, innovation and persistence to be successful for the foreseeable future. Fannie Mae forecasts $1.6 This can be a profitable strategy.

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Housing Wire

AUGUST 9, 2022

Not many would count the title industry among the economy’s technology leaders. In fact, many title agents will proudly tell you that ours is a “traditional” industry. Of course, many will tell you that those factors are a big part of why the title industry has, at times, seemed a little behind the technology adoption curve.

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Housing Wire

JUNE 21, 2022

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. Why is a title search necessary for refinancing?

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Housing Wire

DECEMBER 14, 2022

Slower housing market conditions , mortgage rate volatility and rising affordability challenges took their toll on the title insurance industry during the third quarter of 2022. During the quarter, the title insurance industry generated $5.4 billion in title insurance premiums, down 20.6% Commonwealth Land Title Insurance Co.

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Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We The scammer then impersonates the notary and returns falsified documents to the title firm or closing attorney involved in the transaction. The title firm then transfers the closing proceeds to the scammer.

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Title Land Agents Sales 388

Housing Wire

DECEMBER 12, 2022

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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Housing Wire

JULY 19, 2021

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. The incident may also further accelerate consolidation in the title industry.

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Housing Wire

DECEMBER 13, 2021

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. Title First Agency has a footprint in all 50 U.S.,

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Housing Wire

AUGUST 25, 2022

Title insurance underwriter First American has launched a new digital platform for title agents, according to an announcement on Thursday. The firm’s net income also had a significant decrease falling to $109 million from $302 million a year ago, as title order volumes decreased due to rising mortgage rates.

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