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Posted Date: Tuesday, April 30, 2024
A first quarter earnings report from First American Financial Corp. shows a slight year-over-year decline in both revenue and direct premiums and escrow fees for its title insurance and services segment.
Total revenues for the title insurance and services segment during the first quarter were $1.3 billion, down 2 percent compared with the same quarter of 2023.
Read on to find out more information.
Industry News
Posted Date: Tuesday, April 30, 2024
National Integrity Title Agency has broadened its service scope by expanding into Florida, setting up shop in the city of Palm Beach Gardens.
Long term, the business said it seeks to hire additional staff to further the company’s presence and brand in the market while building out its systems to open additional locations throughout the state.
Read on to find out more.
Industry News
Posted Date: Tuesday, April 30, 2024
Proof is launching Proof Certificates, which will be issued to participating notaries when their identity has been verified.
The certificates make verification of the integrity of a digital transaction much stronger than paper documents, according to Proof, as notarizations have been audited to meet WebTrust standards so a business can be sure they are working with a commissioned notary.
Read on to find out more information.
Industry News
Posted Date: Thursday, April 25, 2024
Artificial intelligence’s (AI’s) current and potential impact on the title insurance industry was detailed by Marty Frame, president of Williston Financial Group (WFG) subsidiary MyHome, at the recent WFG Executive Summit.
Frame laid out the potential for AI to assist cybercrimes as well as its ability to improve customer experiences.
Read on to find out more information.
Conference Coverage, Industry News
Posted Date: Thursday, April 25, 2024
FundingShield released its first quarter 2024 fraud analytics report, showing nearly half of transactions in a $65 billion portfolio exhibiting at least one risk factor.
On average, problematic loans had 2.22 issues per loan, the company said, indicating the lack of appropriate controls by closing agents and lenders to identify and fix issues.
Read on to find out more information.
Industry News
Posted Date: Thursday, April 25, 2024
The 2024 National Settlement Services Summit (NS3) will feature a discussion on ways underwriters are helping agents, led by a quartet of accomplished industry leaders.
Discussion will be led by Old Republic Title’s Jeff Bluhm, FNF’s David Townsend, First American Title’s Don Kennedy, and Williston Financial Group’s Patrick Stone.
Read on to find out more information.
Industry News
Posted Date: Tuesday, April 23, 2024
Two longtime title leaders have established Tower Abstract Services, a new title business in New York City that will offer closings nationwide.
Tower Abstract co-founder Jason Gordon sat down with The Title Report to detail what led up to the move and what goes in to ensuring a new business hits the ground running.
Read on to find out more information.
Industry News
Posted Date: Tuesday, April 23, 2024
Title technology provider CloseSimple has launched an integrated eSigning platform specifically designed for the title industry.
eSigning continues to be a growing practice in the real estate transaction, and adoption of eSignatures has leaped globally by nearly tenfold over the past five years, according to CloseSimple.
Read on to find out more details about the new platform.
Industry News
Posted Date: Tuesday, April 23, 2024
Homebuilder and title insurance provider D.R. Horton reported solid results in its earnings report for the second quarter of its fiscal 2024.
Net income attributable to D.R. Horton in the second quarter increased 24 percent to $1.2 billion compared with $942.2 million in the same quarter of fiscal 2023.
Read on to find out more information.
Industry News
Posted Date: Friday, April 19, 2024
CertifID will provide an exclusive package for Old Republic Title offering unlimited payoff verifications for title agents, the companies announced.
Mortgage payoffs have become the largest source of loss for title and real estate law firms due to their large transaction size at roughly $247,000 in median loss.
Read on to find out more information.
Industry News