Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Insurance 509

Insurance Easement Real Estate Investing 509

Housing Wire

JULY 26, 2023

We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. Insurance policies for homeowners are skyrocketing. The result?

Insurance 370

Insurance Housing Market Marketing Supply Chain 370

Housing Wire

JULY 25, 2023

In late June, Susan Gregory received an estimate for a new homeowner’s insurance policy on her 120-year-old St. Augustine, Florida property, after her previous insurer, United Property and Casualty, went insolvent earlier in the year. This is one of the easiest parts of Florida to insure and costs have gone up over 40%.”

Insurance 370

Insurance Housing Market Marketing Agents 370

Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We haven’t seen any real data based on the conversation that it is going to save money.

Insurance 393

Insurance Legal Legal Fees HOA 393

Housing Wire

MAY 16, 2022

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. . When a quote is selected, the user will receive documentation from the applicable mortgage insurance provider.

Insurance 370

Insurance Mortgage Investors Tools 370

Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. Title insurance came to be because attorney title opinions were not adequate for the marketplace.

Insurance 395

Insurance Renovations Law Real Estate 395

Housing Wire

OCTOBER 27, 2023

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. To many, homebuying is a daunting, often confusing process.

Insurance 497

Insurance Real Estate Buyers Real Estate Agent 497

Appraisal Buzz

MARCH 11, 2022

to acquire International Document Services Inc. IDS), a provider of compliance and document generation software solutions for the mortgage and real estate industry, for approximately $70 million in cash. banks, lenders, credit unions, insurers and securities firms. banks, lenders, credit unions, insurers and securities firms.

Tools 150

Tools Insurance Government Real Estate 150

Housing Wire

DECEMBER 29, 2021

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. of the market, should be too concerned about the rise of the little guy.

Insurance 394

Insurance Real Estate Technology Business 394

Housing Wire

APRIL 17, 2023

Some vendors push alternative title insurance products that are marketed as cheaper options. The updates allow the use of unregulated title insurance alternatives in lieu of title insurance policies in limited circumstances. They claim to offer the same or a similar level of protection as title insurance.

Insurance 417

Insurance Technology Real Estate Finance 417

Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said.

Mortgage 417

Mortgage Loan Officers Real Estate Agent Design 417

Housing Wire

DECEMBER 26, 2023

.” “Based on our investigation, we understand that your name, address, social security number, and loan number may have been obtained by the unauthorized third party,” the document states. The infamous ransomware gang AlphV/BlackCat claimed to be behind the attack. District Court for Central California.

Law 487

Law Contracts Insurance Clients 487

Housing Wire

OCTOBER 4, 2023

The first update is a change to the documentation requirements for rental income that is used in a qualifying decision. “We If only one of these is available to the appraiser, that will satisfy compliance with the Selling Guide,” the update document explained. “If 1, 2024.

Government 446

Government Insurance Construction Business 446

Housing Wire

NOVEMBER 30, 2023

Fidelity initially notified the public two days after the attack, revealing the firm experienced disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries.

Insurance 417

Insurance Government Real Estate Clients 417

Housing Wire

APRIL 13, 2022

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Perhaps the interesting part regarding conformity in title insurance fees is found in Section 8 of RESPA (12 U.S.C.

Lending 383

Lending Insurance Legal Business 383

Housing Wire

JANUARY 10, 2022

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. HW: How can lenders help homebuyers avoid closing delays?

Insurance 497

Insurance Inspection Clients Technology 497

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. This frequently results in delayed document review and general inefficiencies in pre-closing procedures.

Insurance 405

Insurance Real Estate Agent Brokerage Agents 405

Housing Wire

MAY 3, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions.

Insurance 395

Insurance Real Estate Technology Lending 395

Housing Wire

JANUARY 19, 2023

Title insurance is one such proven product with a long history of protecting homeowners’ right to property. Before title insurance, property rights were not guaranteed. But in 1868, a Pennsylvania Supreme Court decision led to the codification of the incorporation and regulation of title insurance companies into law.

Insurance 446

Insurance HOA Real Estate Law 446

Housing Wire

JANUARY 17, 2024

20, 2023 , will have material impact on its fourth quarter 2023 financial results, according to a document filed with the Securities and Exchange Commission last Friday. Big Four title firm First American Financial believes the cybersecurity incident it incurred on Dec.

Insurance 417

Insurance Business Finance Real Estate 417

Housing Wire

DECEMBER 27, 2023

The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. The First American Financial umbrella includes First American Title Insurance and First American Title Guaranty , as well as nearly two dozen subsidiaries.

Sellers 492

Sellers Insurance Valuation Clients 492

Housing Wire

MARCH 5, 2024

As a result of the integration, verification of assets (VOA) orders will flow through the Encompass loan number, automatically populating data and documents into the loan file. AccountChek was acquired in March 2023 by publicly traded title insurer Stewart Information Service Corp.

Clients 417

Clients Insurance Tools Lending 417

Housing Wire

OCTOBER 23, 2023

This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more. Clean data vs. dirty data So what data should be clean?

Real Estate 417

Real Estate Brokerage Valuation Contracts 417

Housing Wire

FEBRUARY 12, 2024

FFIEC is a federal interagency coalition consisting of the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corp. The new document, however, should not be confused with new overarching guidance for the agencies within the coalition.

Valuation 417

Valuation Appraisal Law Design 417

Housing Wire

APRIL 1, 2024

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. Each of the agencies are named as defendants in the case.

Modernization 437

Modernization Law Lending Insurance 437

Housing Wire

JANUARY 8, 2024

The document mentions the date of earliest event reported as Jan. In December, Fidelity National Financial (FNF) faced a cyberattack that affected its services, including title insurance, escrow, mortgage transactions and technology for the real estate and mortgage industries. ”

Technology 509

Technology Mortgage Insurance Business 509

Housing Wire

OCTOBER 4, 2022

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. Users can also streamline cost estimates and documents mandated by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the Loan Estimate (LE).

Human Resources 417

Human Resources Loan Officers Insurance Tools 417

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided.

Brokerage 417

Brokerage Mortgage Development Insurance 417

Housing Wire

JANUARY 4, 2024

RentSpree offers rental software solutions such as tenant screening, online applications, document automation, e-signatures, denial and approval communications as well as property landing pages. In the fall of 2023, title insurance companies Fir st American and F idelity National Financial suffered cyberattacks.

Tenants 453

Tenants Insurance Development Mortgage 453

Housing Wire

APRIL 11, 2023

The home-buying process involves numerous steps, documents and parties that you have to work with. By having a neutral third party manage the transfer of funds and documents, the sale can be completed quickly and efficiently. In real estate, a title is a legal document that establishes ownership of a property or asset.

Real Estate 383

Real Estate Legal Sellers Buyers 383

Housing Wire

FEBRUARY 19, 2021

Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. This might occur if the previous homeowner made an insurance claim for some sort of high-risk condition — like mold or severe water damage.

Insurance 533

Insurance Loan Officers Housing Market Appraisal 533

Housing Wire

DECEMBER 14, 2020

Nexsys Technologies , a subsidiary of Rocket Companies , launched its Clear HOI platform for all mortgage lenders on Wednesday – a new product it says will cut homeowners’ insurance verification time to mere minutes. Other insurance companies already integrated with the platform include Allstate , Liberty Mutual and Farmers Insurance.

Mortgage 393

Mortgage Insurance Lending Technology 393

Housing Wire

SEPTEMBER 27, 2023

Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners. When drafting foreign land ownership legislation, states should not require title insurance companies or their employees to decide whether the buyer has violated the law by attempting to purchase property.

Law 406

Law Real Estate Legal Insurance 406

Housing Wire

JANUARY 8, 2024

Borrowers will receive financial advice including – college savings plans if their household is expanding, additional life insurance and 401k at no cost. Through the partnership, loan officers can introduce their clients to an RIA within Encompass.

Clients 427

Clients Investing Mortgage Technology 427

Housing Wire

FEBRUARY 17, 2021

First American Mortgage Solutions , a subsidiary of “Big Four” title insurer First American Financial , has executed a strategic tech integration with default and loss mitigation workflow provider BackInTheBlack. billion in revenue in 2020, a banner year for the title insurer. That was a 14% increase over the prior year.

Insurance 300

Insurance Mortgage Business Technology 300

Housing Wire

FEBRUARY 20, 2024

In today’s rapidly changing technology landscape, businesses in the title insurance , mortgage and real estate industries must prioritize cybersecurity response planning and business continuity. Document Incident Response Procedures: Create step-by-step guidelines for responding to different types of incidents.

Real Estate 405

Real Estate Mortgage Business Development 405

Housing Wire

SEPTEMBER 6, 2023

increase in issues with proof of insurance in Q2. FundingShield’s API driven fitnech services allow lenders, investors, homebuyers and title companies to confirm wired funds are going to intended recipients and transactions are free of impact from cyber fraud, phishing, business email compromise, or title fraud.

Real Estate 395

Real Estate Insurance Investors Lending 395