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North Carolina institutes eClosing pilot
Posted Date: Friday, November 25, 2016
North Carolina Secretary of State Elaine Marshall wants the state to be a leader in eCommerce and eClosings.
The state has come one step closer to that goal be implementing a pilot program.
Read on to learn more.
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Conversations with the C-Suite: WFG
Posted Date: Friday, November 25, 2016
Welcome to our latest Conversations with the C-Suite exclusive to The Title Report. In these features we talk to leaders of the industry about their business priorities, plan for the future and what title agents need to know to succeed. In this edition, Editor Tara Quinn spoke with WFG National Title Insurance Company Chairman and CEO Patrick Stone.
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Small businesses respond to Trump victory
Posted Date: Wednesday, November 9, 2016
The title industry, which includes businesses of all sizes, has mixed responses to President-Elect Donald’s Trump victory November 8.
The Title Report spoke with Winged Foot’s Chris Black and Greater Illinois Title’s Greg Kosin about Trump’s small businesses strategies.
Keep reading to learn more.
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National Notary Association explains eNotarizations
Posted Date: Tuesday, November 15, 2016
The National Notary Association released a whitepaper, “What businesses need to know about eNotarizations: Technology, Trends and Webcams.”
It said the process of performing notarial acts in an electronic environment has reached maturity, along with a high level of trust in the process.
What does that mean for the widespread adoption of eNotarizations? Keep reading to learn more.
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Revenue, profits climb for FNF in quarter
Posted Date: Thursday, November 3, 2016
Fidelity National Financial, Inc. reported another strong quarter of revenue and profit growth, led by strength in its title insurance business.
In its title division, FNF reported approximately $1.9 billion in total revenue — a 7 percent increase over the approximately $1.7 billion in total revenue in the third quarter of 2015.
Keep reading to learn more.
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Fitch affirms First American ratings
Posted Date: Tuesday, November 15, 2016
Fitch Ratings announced that it affirmed the Issuer Default Rating for First American Financial Corp., as well as the Insurer Financial Strength ratings for all of the First American Title Insurance companies.
The outlook for all the ratings examined by Fitch is stable, the company said.
Read on for details of what was behind Fitch’s decisions to affirm First American’s ratings.
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Investors announces record-breaking quarter
Posted Date: Thursday, November 3, 2016
Investors Title Co. announced its results for the third quarter that ended Sept. 30, 2016.
Revenues increased 18.7 percent versus the prior year quarter to an all-time record high of $41 million. “We are very pleased with this quarter’s results,” Chairman J. Allen Fine said.
Read on to learn what drove the company to its highest quarterly revenue and profits in history.
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Title Resource Group reports positive third quarter earnings
Posted Date: Sunday, November 6, 2016
Earnings and revenue both were on the rise for Title Resource Group, LLC (TRG) in the third quarter of 2016, according to earnings announced by parent company Realogy Holdings Corp.
Revenue climbed 12 percent in the quarter.
Keep reading to learn more.
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SBA reviews Overtime Final Rule
Posted Date: Tuesday, November 8, 2016
In 2014 President Barack Obama directed the Department of Labor to update its Fair Labor Standards Act’s (FLSA) overtime regulations.
On Dec. 1, the new regulations will take effect.
Read on to learn more.
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Small business optimism low, NFIB says
Posted Date: Sunday, November 13, 2016
The latest National Federation of Independent Business (NFIB) Small Business Economic Trends report shows small-business owners were rattled by uncertainty in October. Keep reading to learn more.
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New president lays out 2017 priorities
Posted Date: Tuesday, November 8, 2016
The American Land Title Association (ALTA) has installed H.B. Wilkinson Title Co. President Dan Mennenoh ITP as president for the 2016-2017 year.
He and CEO Michelle Korsmo talked with The Title Report about their priorities and plans for the new year.
Keep reading to learn more.
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Florida Agency Network completes SOC 1, Type 2
Posted Date: Thursday, November 3, 2016
Florida Agency Network has completed a rigorous third-party examination of its policies and procedures under the Service Organization Controls (SOC) 1 Type 2 standards. Keep reading to learn more.
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Snapdocs unveils new technology, resource center
Posted Date: Tuesday, November 15, 2016
Snapdocs Inc. released a new signing agent verification feature. Pillar 4 of ALTA Best Practices recently was revised to establish standards for managing and engaging third-party signing professionals.
CEO Aaron King told The Title Report Snapdocs has been able to verify them with technology.
Read on to learn more.
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Passport Title enhances platform capabilities
Posted Date: Tuesday, November 8, 2016
Passport Title Services, LLC has added to its technical offerings by adding a new online document sharing and storage tool to its operating platform to support title agents and their clients.
CEO and President John Cotter told The Title Report consumers can check their documents anytime they want.
Read on to learn more.
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PropLogix expands into post-closing services
Posted Date: Sunday, November 13, 2016
PropLogix announced a new service for title agents that will track payoffs after closing, helping to save time and give them peace of mind, CEO Tim Healy said. Read on for the details.
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CATIC integrated with SoftPro
Posted Date: Sunday, November 13, 2016
SoftPro’s business exchange platform, SoftPro 360, added a new integration with CATIC. Read on to learn more.
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Simplifile expands eRecording reach in Q3
Posted Date: Thursday, November 3, 2016
Simplifile released quarterly figures summarizing the organization’s activities and achievements through September 2016.
An additional 47 counties and parishes in 28 states joined the company’s eRecording network during the third quarter of the year.
Keep reading to learn more.
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WFG expands staff in Arizona
Posted Date: Tuesday, November 15, 2016
WFG National Title Insurance Co. named a state manager for its retail title operations in Arizona and appointed Al Willey as its vice president, escrow operations in Arizona.
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Improve your business with winning workforce
Posted Date: Sunday, November 13, 2016
Finding and training a winning workforce can be tricky in the title insurance industry because many people aren’t familiar with it, but that doesn’t make it less of a priority.
To learn some tricks of the trade The Title Report invited Nationwide Title Clearing Vice President of Quality Shawn Sorenson and Anderson | Biro Founding Partner Ryan Anderson to share their expertise on a recent webinar.
Keep reading to learn more.
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Foreclosures increase September to October
Posted Date: Sunday, November 13, 2016
ATTOM Data Solutions’ latest Foreclosure Market Report shows foreclosures filings up sharply from a month earlier, but still down from October 2015. Read on for the details.
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CoreLogic: Foreclosure numbers decline
Posted Date: Tuesday, November 8, 2016
CoreLogic released its September 2016 National Foreclosure Report, showing the foreclosure inventory declined by 31.1 percent. Read on to learn more.
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Builders: Economic, housing activity positive for Q3
Posted Date: Tuesday, November 8, 2016
National Association of Home Builders (NAHB) Chairman Ed Brady said although some areas are recovering faster than others, the overall trend for economic and housing activity is positive. Read on to learn more.
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Millennials show many patterns in homebuying trends
Posted Date: Sunday, November 6, 2016
The industry tracks the homebuying patterns of millennials in many ways.
While Ellie Mae Executive Vice President of Corporate Strategy Joy Tyrrell said millennials are getting more engaged in the market, Fitch Ratings said there are still barriers keeping them from entering the market in a real way.
Read on to learn more.
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Overall defect index declines, First American says
Posted Date: Sunday, November 6, 2016
First American Financial Corp. released the First American Loan Application Defect Index for September 2016.
In September it showed the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications, decreased in the month from the previous month and year.
Keep reading to learn more.
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Election jitters, small business uncertainty hits all-time high
Posted Date: Sunday, November 6, 2016
Small-business owners can’t anticipate the direction of the economy, don’t know whether it’s a good time to invest, and aren’t sure whether to hire new workers, according to the latest National Federation of Independent Businesses (NFIB) Uncertainty Index published by President and CEO Juanita Duggan. Read on to learn more.
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CBIZ: Small business hiring decreases in October
Posted Date: Sunday, November 6, 2016
The CBIZ Small Business Employment Index revealed a 1.61 percent month-over-month decrease in small business hiring in October. Keep reading to learn more.
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Distressed home sales drop to 9-year low
Posted Date: Thursday, November 3, 2016
ATTOM Data Solutions, released its Q3 2016 U.S. Home Sales Report, which shows that distressed sales accounted for 12.9 percent of all U.S. single-family home and condo sales, down from 15 percent in the previous quarter. Read on to learn more.
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