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Experts detail AI’s title industry use at NS3
Posted Date: Tuesday, June 18, 2024
A session dubbed “AI 360” at the recent National Settlement Services Summit (NS3) provided insight on the title industry’s current use of artificial intelligence, the technology’s future growth and potential legal pitfalls.
Jonathan Holfinger, CEO of Northwest Title and Northwest Law; Tori Shinohara, attorney and partner at Mayer Brown; and Jennifer Mason, CEO and founder of TitleWise, lent their expertise.
Read on for details from their NS3 session.
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AgentHome acquires Corinthian Title Co.
Posted Date: Tuesday, June 18, 2024
Florida-based AgentHome LLC, a national network of independent title agents, has officially finalized its acquisition Corinthian Title Co., a California-based provider of title insurance and escrow services.
AgentHome’s plans to acquire Corinthian Title were first revealed in early 2023. Further terms of the deal, including financial compensation, have not been disclosed.
Read on to find out more information.
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ZSuite Tech expands reach to 26 states
Posted Date: Tuesday, June 18, 2024
ZSuite Tech, a provider of digital escrow and subaccounting solutions, announced it has reached a new banking platform milestone, reaching across 26 states.
The company announced a partnership for digital escrow services with John Marshall Bank earlier this year and with Dime Community Bancshares, Inc., the parent company of Dime Community Bank, in June 2023.
Read on to find out more.
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True Title adds to commercial division
Posted Date: Tuesday, June 18, 2024
True Title Co., LLC has brought on a 10-year industry veteran as commercial escrow officer and commercial division counsel.
Read on to find out more.
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ATTOM: Elevated housing slowdown risk continues in certain markets
Posted Date: Tuesday, June 18, 2024
ATTOM’s first quarter Special Housing Risk Report showed the highest concentration of markets at risk of decline were in California, New Jersey and Illinois, with large clusters in New York and Chicago.
Read on to find out more.
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Closinglock, Lighthouse Title Insurance partner to combat fraud
Posted Date: Monday, June 17, 2024
Lighthouse Title Insurance Co. of South Carolina has formed a partnership with Closinglock to combat real estate fraud. Company leaders shared details with The Title Report.
Clients of Lighthouse Title will have discounted access to Closinglock services, which include wire instructions, secure payments, identity verification, payoff verification, document exchange and eSigning.
Read on to find out more information.
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ALTA reports steady Q1 title premium volume
Posted Date: Monday, June 17, 2024
First quarter market share analysis from the American Land Title Association shows net income at the seventh-highest mark for a first quarter in industry history.
Total first quarter industry assets were almost $11.3 billion, while the statutory surplus was at $5.1 billion and statutory reserves were $5.7 billion.
Read on to find out more information.
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NFIB: Small-business compensation plans drop to 3-year low
Posted Date: Monday, June 17, 2024
Fewer small-business owners are planning to raise compensation in the coming months, according to a new report from the National Federation of Independent Business.
The share of owners reporting labor quality as their top small-business operating problem rose one point from April to 20 percent, but remained lower than recent months.
Read on to find out more information.
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BatchService integrates Radian’s titlegenius
Posted Date: Monday, June 17, 2024
Radian Group Inc. is partnering with BatchService to provide the real estate data and technology company’s community of investors and other customers with access to its digital title and home closing platform, titlegenius.
Read on to find out more.
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Vanguard Title Co. adds long-time leader as partner
Posted Date: Monday, June 17, 2024
Michigan-based Vanguard Title Co. has named its president a new partner, crediting her with diversifying revenue streams and placing a higher focus on residential home sales and commercial transactions.
Read on to find out more.
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New Stewart group president of agency services lays out vision
Posted Date: Thursday, June 13, 2024
Iain Bryant, Stewart Information Services Corp.’s new group president of agency services, sat down with The Title Report to lay out his company vision and recap the journey that brought him to the seat.
Bryant takes over for Tara Smith, who recently departed Stewart after a more than 10-year tenure.
Read on to find out more information.
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NAHB shares 10-point plan to tame housing inflation, affordability crisis
Posted Date: Thursday, June 13, 2024
A 10-point plan offered by the National Association of Homebuilders (NAHB) offers solutions to tackle housing inflation and affordability hurdles at the local, state and federal level.
Avenues recommended by NAHB include the elimination of “excessive regulations,” promotion of careers in skilled trades, overturning of “inefficient” local zoning rules and more.
Read on to find out more information.
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RESAAS enters partnership with AmTrust subsidiary NetCo Title
Posted Date: Thursday, June 13, 2024
Real estate industry technology provider RESAAS entered into a marketing partnership with Chicago-based NetCo Title, a subsidiary of AmTrust. NetCo provides title and escrow services in all 50 states.
NetCo and AmTrust join RESAAS’ other ancillary service partners, which include HUB International Insurance and Rocket Mortgage Canada.
Read on to find out more information.
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Fathom Holdings appoints COO
Posted Date: Thursday, June 13, 2024
Fathom Holdings has tapped a long-time financial executive and real estate brokerage manager as its new chief operating officer.
Read on to find out more information.
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Proof launches AI-powered fraud detection
Posted Date: Tuesday, June 11, 2024
Remote online notarization and identity-secured transaction provider Proof is releasing an artificial intelligence-powered fraud detection tool.
Through use of the tool, businesses receive a risk score for every transaction, highlighting specific fraudulent issues behind every authorization, signature, notarization, or identity verification. It can detect traditional forms of identity fraud as well as deepfakes.
Read on to find out more information.
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Beige Book: Economic activity continues to expand
Posted Date: Tuesday, June 11, 2024
New data from the U.S. Federal Reserve’s Beige Book show a continued expansion of economic activity across districts, albeit with some varied results in specific metro areas.
Most districts reported slight or modest growth, while two noted no change in activity. The latest data was prepared at the Federal Reserve Bank of Dallas based on information collected on or before May 20.
Read on to find out more.
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ALTA names TIAC as elite provider
Posted Date: Tuesday, June 11, 2024
Errors and omissions insurance provider TIAC has been named an elite provider by the American Land Title Association.
Read on to learn more.
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Optimal Blue names CEO
Posted Date: Tuesday, June 11, 2024
Optimal Blue has appointed a new CEO with more than two decades’ worth of experience across the mortgage, finance and technology industry.
Read on to find out more information.
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Industry experts speak on attempted Graceland fraud
Posted Date: Monday, June 10, 2024
A recent seller impersonation fraud attempt at Graceland, home of music icon Elvis Presley, involved scammers trying to auction off the property before court proceedings stopped the process.
Experts sat down with The Title Report to discuss how title insurance and due diligence processes can often stop such crimes in their tracks.
Read on to find out more information.
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Hera Title launches in Colorado,North Carolina
Posted Date: Monday, June 10, 2024
Hera Title launched closing services in Colorado and North Carolina, with remote closing services available in more than 20 states.
Company leaders also spoke of Hera Title’s collaboration with its affiliate company, Georgia-based law firm Cook & James, which has completed more than 400,000 transactions in attorney states.
Read on to find out more information.
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GridBase introduces onboarding platform for Westcor
Posted Date: Monday, June 10, 2024
Grid151 subsidiary Gridbase has released a new online application platform for its partner, Westcor Land Title Insurance Co.
Company leaders said the platform aims to streamline the onboarding process for agents and administrators in the title insurance industry, offering a mobile-compliant and user-friendly solution for enhanced efficiency and security.
Read on to find out more information.
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Viking Sasquatch names product manager
Posted Date: Monday, June 10, 2024
Viking Sasquatch has brought on a new product manager who will help lead the rollout of the company’s recently launched 24|Seven suite.
Read on to find out more.
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Arch MI acquires RMIC, Old Republic mortgage insurance business
Posted Date: Thursday, June 6, 2024
Arch U.S. MI Holdings Inc. has completed its acquisition of Old Republic International Corp.’s run-off insurance business, a deal first announced in November 2023.
Leaders said in November that consideration was expected to be approximately $140 million. Additionally, Old Republic announced an expected final fourth quarter dividend in relation to the transaction.
Read on to find out more.
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titleLOOK upgraded with AI enhancements
Posted Date: Thursday, June 6, 2024
Maine-based titleLOOK by Mainspring Services is enhancing its title-centric knowledge curation model by using artificial intelligence (AI), leveraging the capabilities of Azure AI services.
titleLOOK automates hyperlinking to the title search documents, summarizes title exceptions, alerts users to clearance tasks and grades and publishes to a responsive web format designed for all devices.
Read on to find out more information.
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Sun Title launches 1031 exchange company
Posted Date: Thursday, June 6, 2024
National 1031, a new 1031 exchange company from Michigan-based Sun Title, will facilitate all forms of tax-deferred exchanges with a focus on security.
Sun Title leaders cited security features such as email filtering, endpoint detection and response, and email eavesdropping prevention tools to secure and encrypt all communications.
Read on to find out more information.
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FNF appoints chief AI officer
Posted Date: Thursday, June 6, 2024
Fidelity National Financial has appointed a chief artificial intelligence officer, an expanded role for the company’s current chief digital officer.
Read on to find out more.
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