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Consumer protection is what title insurance is all about

Housing Wire

In fact, for many new buyers entering the market this year, this will be the first time they ever hear the words “ title insurance.” Against this backdrop, it is critical that new homebuyers and homeowners alike understand what title insurance is, its benefits and the importance of asking about discounts available to them.

Insurance 429
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ALTA: Protecting property rights with title insurance

Housing Wire

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. Diane Tomb, ALTA CEO Contributor.

Insurance 464
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Title insurance industry volume rises 3.6% in Q1

Housing Wire

billion in title insurance premium volume during the first quarter of 2022, compared to $5.68 The title insurance industry had a record year in 2021 , generating $26.2 Top underwriters by market share for the quarter included First American Title insurance Co., with 21.5%; Old Republic National Title Insurance Co.,

Insurance 290
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StoicLane has plans to create an appraisal giant

Housing Wire

Goldstein founded StoicLane in September alongside Matt Foran and Jake Nice to invest in finance, insurance, and real estate businesses. The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors.

Appraisal 359
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Another lender settles redlining accusations with DOJ

Housing Wire

It also pledged $750,000 for advertising, outreach and consumer education, as well as $400,000 for development of community partnerships to increase access to mortgages. In its press statement regarding the redlining settlement, Lakeland noted that it has received an “Outstanding” grade on its CRA rating every year since 2004.

Law 385
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Lenders, reach more buyers with new credit optimization platform

Housing Wire

Mike Darne, CreditXpert Mike Darne: The What-if Simulator was first introduced to the market in 2004 and it allowed credit specialists to optimize a borrower’s credit score at the tradeline level. HW: CreditXpert has been in the industry since the early 2000s with tools like Wayfinder and What-if Simulator, why introduce a new platform now?

Buyers 386
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Remote online notarization is the proper path forward for digital closings

Housing Wire

Prior to the pandemic, ALTA and MBA saw a need to develop model RON legislation. In 2017, the associations collaborated to create standard legislation that is safe for consumers, ensures the transaction can be insurable and is technology neutral. This concern is exacerbated with various standards for digital closings.

Law 433