FNF posts 7 percent Q1 title segment revenue increaseThursday, May 9, 2024 Fidelity National Financial, Inc. reported strong earnings results for the first quarter, including year-over-year revenue increases for its title segment.
Total title segment revenue in the first quarter came in at $1.66 billion, a 7 percent year-over-year increase from $1.55 billion. Adjusted pre-tax title margin was 10.7 percent compared to 10 percent in the first quarter of 2023.
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Study shows title industry’s investment in up-front research, curative workThursday, May 9, 2024 A recent study conducted by Washington, D.C.-based ndp | analytics attempted to quantify the research and curative work done by title insurance professionals during a property transaction.
Data showed that 36 percent of all transactions require extensive, non-routine title clearance efforts. It also found that 1 out of 3 transactions include difficult files, which require substantial curative work.
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TitleLogix Solutions launches tax serviceThursday, May 9, 2024 Texas-based TitleLogix Solutions has launched its National Tax Certification Services, which makes use of a multi-dimensional web-based platform that was developed internally.
TitleLogix can now produce and deliver a tax certificate for any property in the county.The property tax service application supports the automated ordering and manufacturing of ad valorem tax and HOA certificates and related products.
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CATIC adds Rhode Island title counselThursday, May 9, 2024 CATIC has brought on a real estate professional and attorney with more than 20 years of industry experience as its new Rhode Island title counsel.
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Stewart reports revenue increase, steady title earnings for Q1Tuesday, May 7, 2024 Stewart Information Services Corp. reported a year-over-year companywide revenue increase for the first quarter, and title segment earnings essentially matched the start of last year.
First quarter title segment operating revenues decreased 1 percent, year-over-year, primarily as a result of residential volume declines in direct and agency title operations.
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halFILE Systems rebrands title plant softwareTuesday, May 7, 2024 Texas-based halFILE Systems Corp. has announced a rebrand for its title plant management software, which has served the title industry for more than three decades.
The platform is available in both cloud-based and desktop applications. Company leaders touted ease of access in the cloud, saying the platform “operates as if it was on-premises with little to no latency.”
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Blend announces partnership, $150 million investmentTuesday, May 7, 2024 Real estate technology provider Blend Labs, Inc. has brought in a new $150 million investment through a partnership with private equity firm Haveli Investments.
Blend will use the vast majority of the proceeds to repay all amounts payable under its existing credit agreement, and the remainder for general corporate purposes.
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Redfin: Low-income earners lose homebuying progress made during pandemicTuesday, May 7, 2024 Roughly 1 in 5 new mortgages went to low-income homebuyers in 2023, down from close to 1 in 4 in 2020. Meanwhile, high-income buyers have gained share because they’re more prepared to weather the storm of high home prices and mortgage rates, according to Redfin.
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