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New American Funding partners with Matic Insurance and OneSource Solution

Housing Wire

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. Mortgage customers can bundle food, wind, auto, pet, life and other personal lines of insurance through NAF Insurance, which is powered by Matic.

Insurance 418
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Three title insurance firms make the Inc. 5000 list in 2023

Housing Wire

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. It’s the third consecutive year that AccuTitle, founded in 2003, has made the Inc.

Insurance 370
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Fannie Mae announces title insurance shake up

Housing Wire

In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. If a lender receives an AOL in lieu of a title insurance policy, the lender must report Special Feature Code 155 when delivering the loan.

Insurance 404
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Trade groups express concern to FHFA over historic credit data

Housing Wire

Mortgage Insurers — sent a letter on Monday to the Federal Housing Finance Agency (FHFA) to express concerns about the FHFA’s intent to publish the VantageScore 4.0 historical dataset. FHFA’s current lack of a plan to include “through the cycle” data increases the importance of the data itself, the letter explained.

Legal 404
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Old Republic CEO to retire at the end of January

Housing Wire

Big Four title insurer Old Republic is on the lookout for a new CEO after Mark Bilbrey announced on Thursday that he would be retiring at the end of January. Just seven years later, Bilbrey and other investors purchased the firm, which was eventually sold to First American in 2003. Bilbrey has served as the firm’s CEO since 2019.

Insurance 371
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First American settles cybersecurity case with SEC

Housing Wire

The Securities and Exchange Commission announced last week a cybersecurity violation by title insurance giant First American Financial Corp. It derives nearly 92% of its revenue from its title insurance segment, according to the SEC. segment pretax margin of title insurance and services. The company reported $7.1

Insurance 404
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Stewart starts 2022 with yet another acquisition

Housing Wire

The fourth largest title insurance underwriter by market share announced its acquisition of Nashville-based Homeland Title on Thursday. Homeland Title has served homebuyers and sellers in middle Tennessee since 2003. Stewart Title appears to be starting 2022 exactly where it left off in 2021. The terms of the deal were not disclosed.

Investing 414