Housing Wire

OCTOBER 31, 2022

Third-quarter earnings season kicked off with a bang last week with three ( Stewart, First American and Old Republic ) out of the Big Four title insurers reporting their earnings on Thursday. million, a 46% annual decline, as title insurance net premiums and fees dropped 15.2% year over year to $968.1

Insurance 370

Insurance Marketing Investors Investing 370

Housing Wire

FEBRUARY 18, 2022

The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 Executives at Doma on an earnings call Thursday said the company was growing across key metrics and investing heavily in machine learning technology, moves that will pay off in the coming two years.

Insurance 384

Insurance Investors Development Technology 384

Housing Wire

MARCH 15, 2021

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. Blend’s white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. Streamline by combining services.

Insurance 397

Insurance Lending Real Estate Agent Valuation 397

Housing Wire

NOVEMBER 9, 2023

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform. The partnership with Infosys is in line with Better’s new strategy to become a leading mortgage-as-a-service company or a white-label provider of mortgage technology.

Mortgage 410

Mortgage Insurance Finance Technology 410

Housing Wire

AUGUST 7, 2020

Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. Before that Yankowski was president and CEO of Executive Title Insurance Services. Valuation technology company Valligent Technologies has named Walter Allen as its executive vice president of digital transformation.

Technology 348

Technology Law Lending Legal 348

Housing Wire

JULY 13, 2022

American Digital Title Insurance Co. , a Denver-based insurtech title insurance provider controlled by insurance giant Munich Re , has been authorized to underwrite title insurance in California, the second largest title insurance market in the country.

Business 397

Business Insurance Real Estate Legal 397

Housing Wire

JANUARY 31, 2024

Despite cooling interest rates , the title insurance segment at Big Four title firm Old Republic recorded a 22.8% said during the firm’s fourth-quarter earnings call with investors last Thursday. Declines in the firm’s title segment were partially offset by growth in its general insurance sector. decrease for all of last year.

Insurance 407

Insurance Modernization Technology Real Estate 407

Housing Wire

SEPTEMBER 21, 2023

The credit risk analytics will combine ICE’s physical climate risk data and DeltaTerra’s climate analytics, financial risk models, and market data to deliver risk impact estimates for investors in the residential and commercial mortgage-backed securities markets.

Investors 234

Investors Investing Finance Insurance 234

Housing Wire

FEBRUARY 14, 2024

Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages. Late fees and commissions on optional insurance can also increase revenue.

Investors 408

Investors Modernization Insurance Mortgage 408

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. To put a sense of scale on that, insurance capital is about $8 trillion, and about half of that goes into the bond world.”

Finance 441

Finance Investing Real Estate Agent Real Estate 441

Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company.

Mortgage 458

Mortgage Supply Chain Investors Technology 458

Housing Wire

JANUARY 15, 2021

Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing. The big acquisition is for Homeowners of America, an insurance company that operates in six states and is licensed in 31 more.

Insurance 446

Insurance Logistics Technology Inspection 446

Housing Wire

SEPTEMBER 6, 2023

FundingShield , the fintech provider of plug-and-play solutions to manage risk, compliance and fraud prevention, has partnered with Tata Consultancy Services (TCS), a technology services and consulting company. increase in issues with proof of insurance in Q2. The partnership comes amid an increase in wire and title fraud risk.

Real Estate 397

Real Estate Insurance Investors Lending 397

Housing Wire

FEBRUARY 1, 2023

Building the future of mortgage servicing technology is about granular, nuanced innovation — knowing what changes must happen and when, and executing with no mistakes across scale operations where every tiny detail is highly regulated. and see the same data their customer is seeing.

Mortgage 473

Mortgage Technology Modernization Investors 473

Housing Wire

JULY 19, 2021

Blend’s investors are apparently convinced that the company can radically transform lending, simplifying and digitizing regimented-but-clumsy processes that are still rather paperwork-heavy. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S. .

Insurance 384

Insurance Investors Technology Real Estate Agent 384

Housing Wire

JANUARY 27, 2023

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. Despite being down drastically compared to last year’s record-breaking numbers, executives told investors on the firm’s fourth-quarter and year-end earnings call on Thursday that they were in line with expectations. million, down from $627.0

Insurance 397

Insurance Housing Market Tools Investors 397

Housing Wire

OCTOBER 14, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. This setup lets a consumer compare quotes from several insurers, including Progressive, with only one click. market for homeowners’ insurance.

Insurance 420

Insurance Technology Lending Real Estate Agent 420

Housing Wire

NOVEMBER 8, 2022

Relatedly, OpenClose’s customers will be able to use MeridianLink’s loan pricing engine, which can run parallel mortgage insurance pricing, an integrated fee engine and comparison reports. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgage 421

Mortgage Lending Technology Insurance 421

Housing Wire

SEPTEMBER 15, 2023

Authorization : A digital loan file of record accessed by a broad range of trusted identities from lenders to guarantors to investors requires a permission structure. Investors require assurance that a file, note or instrument reflects the verifiable intentions of the committed parties.

Supply Chain 410

Supply Chain Technology Investors Legal 410

Housing Wire

MARCH 30, 2021

Real estate tech company Spruce announced a joint project Tuesday with insurtech platform Digital Partners and American Digital Title Insurance Company to offer a fully underwritten title commitment that it says can be completed in minutes. In September, the companies announced a joint project to offer cost-effective title insurance.

Insurance 360

Insurance Real Estate Investors Clients 360

Housing Wire

NOVEMBER 30, 2022

The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”. Last summer, Voxtur bought mortgage servicing rights trading platform Blue Water Financial Technologies.

Real Estate 370

Real Estate Insurance Technology Lending 370

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said.

Mortgage 402

Mortgage Investors Investing Technology 402

Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. On its fourth quarter earnings call with investors, Fidelity National Financial announced that its adjusted full-year net earnings came in at $2.3 billion for 2021, a 49% increase over a year prior. billion, with $1.0

Insurance 384

Insurance Investors Development Technology 384

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. “The

Insurance 370

Insurance Clients Modernization Technology 370

Housing Wire

JUNE 7, 2021

AmTrust Title Insurance Company has added two executives to its team, naming James Bozzomo as chief underwriting counsel for direct operations and Jefferson Howeth as senior corporate counsel. Before joining AmTrust, Bozzomo was senior vice president and managing counsel at Commonwealth Land Title Insurance Company.

Insurance 370

Insurance Legal Retail Government 370

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market. billion, down from $2.9

Insurance 410

Insurance Investors Mortgage Technology 410

Housing Wire

JUNE 2, 2021

Real estate tech startup Spruce announced on Wednesday a Series C funding round of $60 million led by Zigg Capital and backed solely by repeat investors, including Bessemer Venture Partners and Scale Venture Partners. With the addition of its latest round, Spruce’s total funding is now at $110 million.

Real Estate 410

Real Estate Investors Insurance Clients 410

Housing Wire

FEBRUARY 6, 2023

trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Customer expectations have evolved, but old processes have been dragged along within legacy technologies. It’s because servicers are taking care of real-time borrower, regulator and investor needs every day.

Mortgage 383

Mortgage Investors Technology Modernization 383

Housing Wire

NOVEMBER 1, 2022

Polly, a San Francisco-based fintech, is a software-as-service mortgage technology firm that operates a product and pricing engine (PPE) and loan-trading exchange. Movement Mortgage, First American Financial and FinVC joined existing investors 8VC, Khosla Ventures and Fifth Wall.

Mortgage 432

Mortgage Project Management Insurance Loan Officers 432

Housing Wire

MARCH 1, 2023

And yes, this certainly has had an impact on insurance companies from coast to coast, as we’ve seen insurers retreat en masse from states such as California , Florida , and Texas , which have all seen record losses in recent years from wildfires, earthquakes, hurricanes, severe winter storms, sinkholes, and more.

Insurance 384

Insurance Supply Chain Design Government 384

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. This is the second acquisition for Accurate this year.

Valuation 410

Valuation Technology Inspection Investing 410

Housing Wire

JULY 21, 2023

Related to its goal of achieving profitability , title insurer Doma announced Thursday that it had sold its title operations in Texas, Minnesota, Wisconsin, Illinois and Indiana to two different companies. The financial terms of the deals were not disclosed.

Insurance 370

Insurance Clients Retail Real Estate 370

Housing Wire

FEBRUARY 4, 2021

Stone Point and Insight Partners are highly respected investors who recognize the value and potential of CoreLogic’s digital content, solutions and market-leading platforms that power the housing economy,” CoreLogic President and CEO Frank Martell said. The investors dropped their takeover bid on Nov.

Legal 458

Legal Investors Lending Finance 458

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million.

Modernization 370

Modernization Mortgage Lending Investors 370

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential. Six months after raising $3.5

Mortgage 384

Mortgage Investors Retail Investing 384

Housing Wire

AUGUST 24, 2023

At that time, the company was valued by its investors at $7.7 In an interview with HousingWire , Garg said the company has shifted its strategy ahead of its IPO—Better plans to be a mortgage marketplace that sells its technology platform to other companies. “Our and created a refi boom for mortgage lenders like Better.

Insurance 370

Insurance Mortgage Realtors Business 370

Appraisal Buzz

OCTOBER 25, 2021

a global provider of title insurance, settlement services and risk solutions for real estate transactions, has completed its acquisition of ServiceMac LLC. Founded in 2017, ServiceMac is an independent mortgage subservicer for lenders, investors and other mortgage servicers. “We First American Financial Corp. ,

Insurance 195

Insurance Real Estate Investors Technology 195