SoftPro integrates with Conestoga Title Insurance Co.

Housing Wire

Title and closing software provider SoftPro has released a new integration with Pennsylvania-based Conestoga Title Insurance Company , the firms said Wednesday. The post SoftPro integrates with Conestoga Title Insurance Co. Closing Real Estate Notarize SoftPro Title insurance

Title insurance industry reports best quarter on record

Housing Wire

year-over-year increase in title insurance premium volume during the third quarter of 2021 according to ALTA’s Market Share Analysis , published on Thursday. During Q3 2021, the title insurance industry generated $6.8 with 20.7%, Old Republic National Title Insurance Co.,

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Private mortgage insurance industry boomed in 2020

Housing Wire

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations.

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.”. The post Fannie Mae announces title insurance shake up appeared first on HousingWire.

Radian expands its online title insurance platform

Housing Wire

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. The mortgage insurance and real estate services company first introduced titlegenius in Florida this past May.

Fannie Mae chalks up another Credit Insurance Risk Transfer deal 

Housing Wire

Fannie Mae has executed its fifth Credit Insurance Risk Transfer (CIRT) deal of 2022, providing up to $733.3 The CIRT transactions shift a portion of risk of credit losses on mortgages backed by the government-sponsored enterprises onto insurers in the private sector.

Opinion: Title insurance is vital to protecting the American dream

Housing Wire

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.

Title insurer Doma forecasts profitability in 2023

Housing Wire

The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 The post Title insurer Doma forecasts profitability in 2023 appeared first on HousingWire. Closing IPO / M&A Doma Title insurance title insurance premiums

The Home Insurance Forecast

Appraisal Buzz

As extreme weather becomes the norm, home insurance may become increasingly unaffordable—or simply unattainable for homeowners in some regions. The post The Home Insurance Forecast appeared first on DSNews. The post The Home Insurance Forecast appeared first on Appraisal Buzz.

Opinion: Rethinking the FHA mortgage insurance premium

Housing Wire

In 2013, the Federal Housing Administration (FHA) began requiring borrowers to pay the Mortgage Insurance Premium (MIP) for the life of an FHA loan. Understanding the difference between FHA and private mortgage insurance can shed light on why FHA changed its policy.

Thank Goodness for Mortgage Insurance

Appraisal Buzz

With affordability and inventory challenges rampant, Marshall Gayden of Radian Guaranty discusses why mortgage insurance can be the key to helping more buyers afford a home. The post Thank Goodness for Mortgage Insurance appeared first on theMReport.com.

Title insurers reckon with attorney opinion letters

Housing Wire

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.

How insurance offerings can improve the borrower experience

Housing Wire

vertical manager of strategic partnerships at Liberty Mutual, to discuss how partnering with a nationally recognized insurance company improve borrower engagement for lenders. HW: How can partnering with a nationally recognized insurance company improve borrower engagement for lenders?

Mortgage insurer Enact lines up $200M line of credit

Housing Wire

the holding company for Enact Mortgage Insurance Co. , The credit facility will be used for working capital and other corporate purposes as well as for capital contributions to its insurance subsidiaries. Enact (Nasdaq: ACT), formerly known as Genworth Mortgage Insurance Corp.,

Title insurance premiums surging during COVID-19 pandemic

Housing Wire

The title insurance industry saw a surge in premium volume in the second quarter of 2020, according to the American Land Title Association’s latest Market Share Analysis. But title insurance premiums are also surging as a result. The title insurance industry generated $4.18

NY AG fines title insurer AmTrust for no-poaching agreements

Housing Wire

AmTrust Title, which is controlled by insurance giant Amtrust Financial Services Inc., issues title policies through First Nationwide or independent title insurance agencies that it works with. Closing Real Estate AmTrust Title Insurance Company First Nationwide Title Agency

SingleSource the latest to offer alternative product to title insurance

Housing Wire

“Lenders and consumers finally have a new option when it comes to title insurance,” Ed Austin, the COO of SingleSource, said in a statement. The post SingleSource the latest to offer alternative product to title insurance appeared first on HousingWire.

HousingWire Annual Remix Demo Day: Westwood Insurance

Housing Wire

Westwood Insurance Agency’s Customer & Lender Portals. Westwood Insurance Agency facilitates seamless home closings by connecting lenders, homebuyers and insurance companies through digital portals and click-to-bind technology. Westwood’s platform provides a fast and easy insurance buying process for borrowers, and a more transparent process for lenders. The post HousingWire Annual Remix Demo Day: Westwood Insurance appeared first on HousingWire.

Title insurers wrote nearly $20 billion in premiums in 2020

Housing Wire

Title insurers wrote $19.2 Just how fruitful was 2020 for title insurers? Old Republic reported a 20% increase in title insurance income for the full year in 2020, rounding out at $3.29 segment pretax margin of title insurance and services.

The title insurance arms race heats up

Housing Wire

The post The title insurance arms race heats up appeared first on HousingWire. Closing Mergers and acquisitions title companies Title company Title insurance title insurance and settlement services

Insuring a Tiny Home

Appraisal Buzz

The post Insuring a Tiny Home appeared first on DSNews. The post Insuring a Tiny Home appeared first on Appraisal Buzz. Safeguarding a little house in Oklahoma or Kansas is pricier than in less disaster-prone regions, but it is still 95% less than covering a larger residence.

FHA backed $4.5B in mortgages without required flood insurance

Housing Wire

The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. According to the watchdog, at least 31,500 FHA-insured loans insured did not have the required National Flood Insurance Program coverage.

Higher flood insurance prices could be a game-changer

Housing Wire

A new pricing methodology intended to promote fairness and solvency to the federal National Flood Insurance program will increase costs for most families nationwide, and members of both political parties are mobilizing to stop it.

WFG’s title insurance arm expands into Rocky Mountain Region

Housing Wire

WFG National Title Insurance Company , a division of Portland, Oregon-based Williston Financial Group , Tuesday announced it has expanded into the Rocky Mountain Region and now offers title services in Colorado, Utah, Montana and Wyoming.

The title insurance industry has a talent problem

Housing Wire

Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I

Polly teams up with mortgage insurance providers to streamline service

Housing Wire

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. . Fintech Mortgage Adam carmel Mortgage insurance Polly

Title insurance premium volume surges 17.6% in Q3

Housing Wire

Mortgage title insurance premiums surged by 17.6% billion in title insurance premiums seen in the second quarter this year. But with home sales and mortgage origination volumes rising, it comes as no surprise that mortgage title insurance is also seeing an uptick.

Title insurance industry premiums spike $7B year over year

Housing Wire

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2

Mortgage Insurance Deduction Legislation Introduced

Appraisal Buzz

The post Mortgage Insurance Deduction Legislation Introduced appeared first on theMReport.com. The post Mortgage Insurance Deduction Legislation Introduced appeared first on Appraisal Buzz.

Fudge won’t cut mortgage insurance premiums

Housing Wire

Housing and Urban Development Secretary Marcia Fudge put an end to speculation that the agency would move to reduce the Federal Housing Authority ‘s mortgage insurance premiums by 25 basis points. “The health of FHA’s Mutual Mortgage Insurance Fund has remained resilient despite the financial challenges faced by homeowners with FHA-insured mortgages in 2020,” she said.

Insurance brokerage Acrisure buys Tempo Title

Housing Wire

The fastest growing brokerage in insurance industry history, Acrisure , announced Wednesday that it has acquired title insurance and settlement service provider Tempo Title , marking its entrance into the real estate services business.

Navigating Natural Disasters and Homeowner’s Insurance

Appraisal Buzz

The consumer question at bay, do insurance companies cover natural disasters? The answer is, there is no single insurance policy specifically labeled for natural disasters, but there are homeowners insurance plans that cover several types of potentially home-damaging catastrophes.

Flagstar to pay $3.6M over flood insurance violations

Housing Wire

According to the regulator, the bank violated the FDPA to “make, increase, extend, or renew loans” secured by properties in special flood hazard areas until after it obtained proof of adequate insurance. over flood insurance violations appeared first on HousingWire.

Senate Hearing Addresses Flood Insurance

Appraisal Buzz

Panel examines mitigating flood risk through the National Flood Insurance Program and new pricing methodology as a result of Risk Rating 2.0. The post Senate Hearing Addresses Flood Insurance appeared first on DSNews.

Nine title insurance companies named to Inc. 5000

Housing Wire

A total of nine title insurance and settlement services providers were named to the Inc. 3093), First National Title Insurance Company (No. The complete list of title insurance companies on the Inc. The post Nine title insurance companies named to Inc. 5000 Title insurance5000 list of America’s fastest growing private companies for 2022. In 2021, 12 firms made the list.

Fannie Mae Executes Ninth Credit Insurance Risk Transfer of 2022

Appraisal Buzz

Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transactions of 2022. … The post Fannie Mae Executes Ninth Credit Insurance Risk Transfer of 2022 appeared first on DSNews.

HUD to allow borrowers of FHA mortgages to obtain private flood insurance

Housing Wire

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. .

Genworth mortgage insurance arm IPO on ice

Housing Wire

Genworth Financial said it will delay the initial public offering of its recently rebranded mortgage insurance arm, Enact Holdings. ” The Richmond, Virginia-based company initially considered taking its mortgage insurance arm public to pay down $1 billion in debt coming due this year.

Insuring Expensive Homes Getting More Expensive

Appraisal Buzz

A new report has found that homeowners in South Carolina are paying the most for homeowners insurance with a policy of at least $500,000. The post Insuring Expensive Homes Getting More Expensive appeared first on theMReport.com.

The differences between home and mortgage insurance

Housing Wire

If you’re using a home loan to buy a house, then you could have two types of insurance in your future, home insurance and mortgage insurance. Home insurance is also called homeowner’s insurance or hazard insurance. But mortgage insurance?