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The “Big Four” take on the upstarts in title insurance

Housing Wire

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. ow and ease of the entire closing process.

Insurance 397
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Fidelity joins “Big Four” counterparts in reporting record-breaking year?

Housing Wire

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. billion coming from direct title premiums, a 21% increase of the fourth quarter of 2020. billion for 2021, a 49% increase over a year prior. billion, with $1.0 in Q4 and 21.7% for the full year.

Insurance 384
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MISMO searches for participants for closing initiative

Housing Wire

The CLP forms a contract between a title insurance underwriter and a lender, in which the underwriter agrees to indemnify the lender for actual losses caused by certain types of misconduct by the closing agent, while the Title Commitment is a promise from your title company to issue the title insurance policy after the closing is completed.

Insurance 408
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CFPB outlines issues with illegal ‘junk fees’ by mortgage servicers

Housing Wire

Mortgage servicers charged the top late fee amount allowed by relevant state laws, even when homeowners’ mortgage contracts capped late fee amounts below state maximums,” the CFPB said. Servicers also collected money for fake private mortgage insurance (PMI) premiums that homeowners did not owe in their monthly statements, the CFPB said.

Mortgage 384
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ALTA shakes up leadership team with staff promotions

Housing Wire

She ensured the association continued to provide networking and educational opportunities to the title insurance industry within the new platform. After the onset of the pandemic, Gottheim helped ensure the title insurance industry was deemed an essential business. WFG reports its highest volume months ever during Q2 and Q3 of 2020.

Insurance 340
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Vishal Garg unveils Better’s new strategy as a publicly traded company 

Housing Wire

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. The company went from a $500 million profit and 11,000 employees in 2020 to only 950 employees by June 2023.

Realtors 370
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CONDO NEWS

Will Springer Realtor

Only three for-sale towers have opened in the city since the start of the pandemic in March 2020 and only one high-rise condo – Graystone – is slated to open this year in Seattle. Developers are also facing the constraints of local government and their constituents. Seattle leads the nation in construction cranes.