Looking for ALTA news or articles affecting the title and settlement services industry? ALTA provides an archive of information relevant to your business. Content with a icon is for members only. Please log in for access.
December 19, 2007B. Shannon Cobb has been promoted to Group Senior Vice President - Production Resources, overseeing title production operations for LandAmerica. He is based in Richmond, Virginia.
December 17, 2007Skywire Software has signed a new 49,500-square-foot lease for its new worldwide corporate headquarters at 3000 Internet Blvd. in the Hall Office Park development in Frisco, Texas. Skywire Software is a high-growth vertical software company.
Inman News | December 17, 2007 | By Matt CarterA title company headquartered in California's Silicon Valley that once employed more than 2,000 employees at 200 branches has closed its doors without warning.
December 14, 2007FAF announced that its board of directors has declared a regular quarterly cash dividend of 22 cents per common share.
December 6, 2007Old Republic International Corporation (NYSE: ORI ) reported today that it will pay its regular cash dividend of 16 cents per share.
December 5, 2007RamQuest Software, Inc. released Closing Market™ interface with Survey Vendor Management (SurveyVM) to automate the ordering, tracking and retrieval of residential land surveying products and services nationwide.
December 5, 2007As a Microsoft Certified Partner, LandAmerica gains access to a rich set of solutions designed to help its customers realize their full business potential.
December 5, 2007The new division Presidents are: Luis Yeager has been named division president for the company’s operations in San Antonio, Texas and Brian Bowman has been named Houston-area division president.
December 4, 2007Lender-Lawyer Connect provides a user-friendly platform that transforms mortgage closings from a compartmentalized series of starts and stops into an integrated, open and dynamic process offering greater control and efficiency.
December 4, 2007RamQuest Software, Inc., has announced that Closing Market™ now offers DRN Title Search product and services.
December 4, 2007eDominate Inc, has launch LOS Green, a paperless lending solution that allows lenders to originate and close loans electronically.
December 3, 2007LandAmerica recently became the first non-Russian company to issue a title insurance policy related to a real estate transaction in Russia.
The First American Corporation Announces Expanded Diversity Initiative and Three Related Appointments
November 27, 2007FAF has expanded its efforts to ensure greater diversity and inclusion throughout its organization. The company also announced the appointments of Karen J. Collins as vice president, chief diversity and inclusion officer; Michelle Cheney Donaldson as corporate director of diversity and inclusion; and Stephanie M. Swenseid as corporate director of supplier diversity.
November 27, 2007In a survey of 724 technology officers in businesses with fewer than 1,000 employees designed to show the decision criteria for small business technology spending, 37 percent said that managing their information technology (IT) budget was their top priority. Second on their list of concerns was IT maintenance at 26 percent.
November 27, 2007Barnes is an 18-year veteran of the mortgage industry. He comes to LandAmerica from Dexma, Inc., where he most recently served as Executive Vice President – Sales for the provider of mortgage software and associated settlement services for lenders.
November 26, 2007Stewart Title & Trust of Phoenix Inc. has acquired Safford Title Agency. Existing management and staff will remain with the office, which will retain its current name.
November 20, 2007The three groups have developed uniform closing instructions to be used in future mortgage transactions. The instructions are being proposed to members for their comment.
November 19, 2007FIS announced the appointment of Gary Norcross as President and Chief Operations Officer for Transaction Processing Services ("TPS") and Frank Sanchez as President of Strategic Development for TPS.
November 19, 2007The Board of Directors of Stewart Information Services Corp. (NYSE: STC) has declared a regular annual cash dividend of $.75 per share.
November 15, 2007Responding to environmentally conscious home-buyers and sellers, builders and lenders, Stewart Title is introducing its Green Title initiative, offering a Green Title Policy produced by a Stewart Title office that is certified as Green.
November 15, 2007New research from Needham, Mass.-based TowerGroup Inc. finds that in today’s global business model, electronic commerce is no longer a “nice-to-have” capability, but a necessity, yet the insurance industry continues to hold onto the traditional paper-based, wet-signature contract execution model.
November 14, 2007Cyberhomes is a Complete Destination for Essential Community and Home Evaluation Data
November 13, 2007SureClose Personal Edition gives real estate professionals the ability to manage their business online to increase productivity, expand service offerings, improve communication and the customer experience.
November 13, 2007The Company's Board of Directors has declared a cash dividend of $.06 per share to shareholders of record December 3, 2007, payable December 17, 2007.
November 12, 2007In regulatory filings with the Securities and Exchange Commission on Friday, Old Republic disclosed it has bought a 15 percent stake in PMI Group Inc. and an 11 percent stake in MGIC Investment Corp.
November 12, 2007Denise Carraux has been named the vice president of legal automation and process management for Stewart Title Guaranty Co. (STGC)
November 9, 2007First American CoreLogic, a member of The First American Corporation (NYSE: FAF - News) family of companies, has been named a top financial technology provider, ranking 82 out of 100, on the FinTech 100 list for 2007.
November 9, 2007SoftPro has been named a finalist in the Top Customer Service Company of the Year category for the 2007 NCTA 21 Awards. Winners
November 6, 2007J. Allen Fine, Chairman of Investors Title Company (NasdaqGM:ITIC - News), announced that for the third quarter ended September 30, 2007, the Company reported net income of $3,857,892, an increase of 5.1% compared with $3,672,069 for the same three-month period in 2006.
November 6, 2007LandAmerica Financial Group, Inc. (NYSE: LFG) has promoted Carol A. Mastrofini to Senior Vice President - Commercial Services for the Northwest Region, where she leads daily operations and business expansion. She is based in Seattle, Washington.
November 6, 2007
November 5, 2007-Mary Dysleski, Luzerne County Recorder of Deeds in Wilkes-Barre, has accepted the first electronic recording in Northeastern Pennsylvania. Abstract Resources submitted the real estate documents into the county’s LANDEX land records management system using Landata e-Link software.
The First American Corp. Announces Financial Results for the 3Q of 2007 - Reports Earnings Per Diluted Share of 49 Cents
November 1, 2007Total revenues for the third quarter of 2007 were $2.1 billion, a decrease of 6 percent relative to the third quarter of 2006. Net income was $46.6 million in the third quarter of 2007, compared with net income of $90.4 million in the third quarter of 2006.
November 1, 2007Former owner and manager W.E. "Bill" Griffin, a leader in the community, will assume the role of chairman.
October 30, 2007Stewart Title of California Inc. is providing a 50 percent discount on title policies obtained for loans (and related escrow services) used for rebuilding structures that were destroyed or damaged during the recent wildfires.
First American Title Insurance Company Offers Assistance to Homeowner Fire Victims in Southern California
October 29, 2007First American Title Insurance Company plans to replace recorded mortgage documents, property tax information, recorded deeds and tax assessor maps at no charge for homeowners who lost their homes in the recent fires in Southern California.
October 29, 2007eDisclosure technology reduces compliance costs, increases production efficiencies
October 25, 2007Stewart Information Services lost $14.3 million, or 79 cents per share, in the third quarter, compared with profit of $14.2 million, or 77 cents per share, in the third quarter of 2006.
Associated Press | October 25, 2007Old Republic 3rd-quarter earnings fall to $29 million in losses in mortgage-related units. The Insurance provider said Thursday net income plummeted 75 percent due to operating losses in the company's mortgage guaranty and title insurance businesses.
October 24, 2007The Pennsylvania Insurance Department today encouraged consumers to consider the potential benefits of purchasing title insurance when buying a home.
October 24, 2007“This paper provides detailed and relevant legal information and a framework which addresses the key issue of eNote ownership rights in warehouse lending,” said Harry Gardner, MBA’s senior director of industry technology.
October 24, 2007First Advantage Corporation (Nasdaq: FADV), announced the sale of 2.875 million shares of DealerTrack Holdings, Inc. ("DealerTrack") common stock. The sale will result in a gain, before taxes, of approximately $97.7 million or 96 cents per diluted share.
October 24, 2007TSS Software Corporation, the nation's largest independent provider of settlement services software, announced the addition of Faith Burns to the sales consulting staff.
October 24, 2007Results Include an $81.5 Million Charge to Strengthen Reserve for Claim Losses; Third Quarter 2007 EPS of $0.28 Before Charge
October 23, 2007iDatix® Corporation offers a new approach to the paperless enterprise and understands that when it comes to enterprise solutions, organizations have unique needs and challenges with workflow analysis and business process automation.
October 22, 2007The purpose of this Lender Letter is to provide an update to lenders about policy changes to Fannie Mae’s Project Review Processes for Condominium, Cooperative and PUDs. In Lender Letter 04-07, Condominium, Cooperative and Planned Unit Development (PUD) Project Review Process, dated August 17, 2007,
October 19, 2007Credit Plus, Inc., a leader in the credit information industry since 1928, has opened up a new company, Ariston. It provides a full array of title and settlement/closing services to complement Credit Plus’ customized solutions for the mortgage industry.
October 18, 2007Mark Edward Winter has been elected to the position of executive vice president of public policy for Stewart Title Guaranty Co.
October 16, 2007Unified e-business platform provides on-demand electronic document services for the financial services industry.
October 16, 2007Principals of The Independent Title Agents Network (“TiTAN”) officially launched their nationwide title insurance referral network. Membership in the network is limited to select title agents who meet stringent membership criterion to assure high quality referral responses will result in seamless transactions and superior customer service.
October 15, 2007Stewart's eDisclosure solution provides the ability for lenders to electronically transmit and display initial disclosure documents to their borrowers in a secure, online, consumer-friendly environment for electronic acceptance.
October 11, 2007London - Stewart Title Ltd. is now offering title insurance coverage in all European Union (EU) countries. Stewart Title Ltd. is one of the leading title insurers in Europe with more than €5B in title insured transactions within Central Europe alone.
October 11, 2007TSS Software Corporation has introduced a no-down-payment financing plan for its TitleExpress software, the company's flagship complete title and closing system. The no-down-payment offering was initiated for new and existing title agents to ease the burden of up-front cash outlays when purchasing state-of-the-art software.
October 10, 2007The California Land Title Association (CLTA) launched an innovative new Web site designed to help California consumers compare prices for title insurance coverage. The TitleWizard Web site was developed in partnership with ClosingCorp.
October 10, 2007Annapolis, MD - TSS Software Corporation, one of the nation's largest independent provider of settlement services software, announced the appointment of Tad Buck as Vice President, Sales and Marketing.
October 9, 2007eTitleAxis is helping build continued growth of The Foster Firm’s title business, despite slowing market conditions. The Atlanta, Ga.-based real estate, trial and tax law firm is leveraging the Web-based, on-demand system to speed order processing, provide superior customer service, and gain a competitive advantage.
October 9, 2007Calyx Software®,releaed the latest veriosn of WebCaster® --an affordable Web site service that enables mortgage professionals to market their business online. The enhancements include the addition of twelve new site designs and four new loan calculators.
October 9, 2007Industry leader and technology pioneer eOriginal, Inc., the company that defined the term "Electronic Original®" and promoted its adoption across the financial industry for the past ten years, has just released their latest white paper, "Advance Electronic Vaulting Technology."
First Line Data Provides Enhancements to Counter-Fraud Review Reports- Helps Lender Combat Misrepresentation and Fraud
October 8, 2007First Line Data, Inc., a source of business intelligence for mortgage lenders, revealed enhancements to their Counter-Fraud Review(TM) reports.
Berks County PA Recorder of Deeds Ellie Antoine Found in Contempt of Court for Continued Failure to Comply With Mandamus Order
October 3, 2007Nearly a year after the issuance of a Mandamus Order requiring her office to comply with Pennsylvania law, a Perry County judge has found Berks County Recorder of Deeds Ellie Antoine in contempt of court and ordered her to pay the attorney's fees of the organization which brought suit against her.
October 2, 2007FAF has acquired Proxix Solutions, a leader in the geospatial industry. Terms of the transaction were not disclosed.
September 27, 2007Westcor Land Title Insurance Company, the nation's leading independent underwriter, has announced the addition of Debbie Smith, Western Agency Sales Representative. Joining the Denver Regional office with Bo Edwards and Jim Grasso, Smith will cover the Colorado and Utah markets.
September 26, 2007Richfield, OH- NorthPointe Communications, an integrated public relations and marketing consultancy, has expanded its account services capability with the addition of two new employees. Christian Hunter, Senior Account Executive, and Tony Fung, Account Coordinator.
September 25, 2007Stewart Title, a national and global provider of title insurance, escrow, closing, and other settlement and real estate information services, supports the principles underlying the Code of Trust proposed by the National Association of Hispanic Real Estate Professionals (NAHREP).
September 24, 2007RealEstateLatino, LLC, one of the nation's leading real estate resources for the Latino community launched an updated Spanish web portal, RealEstateLatino.com.
September 21, 2007Fidelity National Information Services, Inc. completed the sale of its Property Insight business to Fidelity National Financial, Inc. effective August 31, 2007.
September 21, 2007Calyx Software addadded an automated valuation model (AVM) category to the Calyx Network, providing users of Calyx Point loan origination software with connection to participating AVM vendors.
September 19, 2007itle automation and business process optimization (BPO) company, NextAce(SM) has released automated title products for the bourgeoning foreclosure market. NextAce is expanding its automated title software and services offering, Title EDGE®, to deliver Real Estate Owned (REO) and Mortgage Default (Foreclosure) products that provide title agents the same speed, depth of research, and cost savings as its existing refinance and purchase product offerings
September 19, 2007Viking Global Performance Has Sold Its 7.9 Percent Stake in LandAmerica After Asking for Sale
September 18, 2007ALTA today announced the launch of "The Title Industry Consumer Initiative," which details the association's five-pronged strategy for improving industry oversight and educating and protecting consumers. The initiative was developed in response to the recommendations by the Government Accountability Office (GAO) in an April 2007 report, "Actions Needed to Improve Oversight of the Title Industry and Better Protect Consumers."
September 17, 2007The National Notary Association has published a White Paper examining its National eNotary Registry in an effort to expand the understanding of eNotarization, as well as its Notary management and security features essential to the interest of governments and business.
September 17, 2007Westcor Land Title Insurance Company reports an increase in market share for the second quarter of 2007. According to preliminary data released by the American Land Title Association (ALTA), Westcor has strengthened its position within the title insurance segment.
September 13, 2007Stewart Information Services Corp. plans to merge its two related technology subsidiaries, Stewart Transaction Solutions and PropertyInfo Corp. Stewart expects the merger to be completed by Jan. 1, 2008.
First American Title’s Southwest/Southcentral Division Names Monica A. Wittrock Vice President, State Manager For Oklahoma
September 13, 2007n her new role, Wittrock will oversee the company’s escrow and title operations in the state of Oklahoma. Wittrock will report to Chip Carmer, president of First American’s Southwest/Southcentral Title Division. Prior to this assignment, Wittrock was the Oklahoma state agency counsel for First American Title and chief operations officer for First American Title & Trust Company in Oklahoma City.
September 13, 2007TSS Software Corporation has developed robust business continuity (BC) and disaster recovery (DR) programs to ensure continuous availability to their customers when faced with a disruptive event or crisis situation.
September 13, 2007Xerox Corporation plans to buy Advectis, Inc. for $32 million. Advectis is the provider of one of the mortgage industry's most widely-used solutions for electronic document collaboration.
September 12, 2007MISMO launched its new Web site which features updated content, search options, navigation and innovative design features. The site offers users, specifically mortgage industry technology professionals, a user-friendly forum for learning more about MISMO, its guidance and specifications, industry news, why to adopt the MISMO standards and much more.
September 11, 2007Recent Wall Street reports and market performance has highlighted the real estate industry's affect on the economy. Investors have begun to turn away from the real estate market as its security and lending practices are being scrutinized and questioned. In response, mortgage standards are being reassessed and tightening, impacting mortgages availability.
September 10, 2007ADNET Technologies, Inc. has acquired Vested Technologies, Inc., Rocky Hill, CT. Vested Technologies a leading provider of information technology services for the legal and mortgage real estate business community throughout Connecticut. The strategic acquisition of Vested Technologies will further expand the strength of our service and offerings in the legal community.
September 10, 2007As a result of this alliance, Stewart’s flood products are seamlessly integrated into LSSI’s platform through the company’s LSSIConnect and Importer, providing lenders easy access to Stewart’s flood zone determinations in standard FEMA-required format.
A.M. Best Affirms and Downgrades Ratings of First American Title Insurance Group and First American Corporation; Revises Outlook to Negative
September 10, 2007A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and downgraded the issuer credit ratings (ICR) to "a" from "a+" of First American Title Insurance Group (First American) (Santa Ana, CA) and its member companies. A.M. Best has also downgraded the ICR to "bbb" from "bbb+" of First American Corporation (NYSE: FAF) and the debt ratings to "bbb" and "bb+" from "bbb+" and "bbb-", respectively, on its existing senior debt and preferred securities.
September 6, 2007The North Carolina Land Title Association recently celebrated its 30th anniversary at Mid Pines Resort in Southern Pines and installed new officers.
September 6, 2007Stewart Title Guaranty Co. is sponsoring the Tribal Land Title and Recordation Office Study, a research partnership between First Nations Development Institute (First Nations) and the National Congress of American Indians’ (NCAI) Policy Research Center to offer a set of options for Native nations seeking to improve homeownership rates.
September 5, 2007Ramquest Software, Inc is listed as number 3,301 out of the top 5000 fastest growing private companies in America.
September 4, 2007Skywire Software has completed its acquisition of Whitehill Technologies, Inc. Terms of the transaction were not disclosed.
September 4, 2007M. Parker Myers has joined the LandAmerica Financial Group, as Senior Vice President – Technology Resources. Myers leads the development and execution of strategic initiatives supporting LandAmerica operations in the areas of project management, process improvement, and acquisition logistics.
August 31, 2007DRN Title Search announced that Tim Padgett has joined the company as Director of Business Development. Padgett is responsible for expanding DRN’s operations in its current region and expanding the company’s penetration into new territories in the title and document retrieval market.
August 31, 2007The Board of Directors of Old Republic International Corporation (NYSE: ORI) declared a quarterly cash dividend on the common stock of 16 cents per share. This dividend is payable September 14, 2007, to shareholders of record on September 5, 2007.
August 30, 2007Mark Edward Winter has been elected by the Executive Committee of the Board of Directors to the position of Executive Vice President of Public Policy. Since 1985, Winter has managed Stewart’s Washington, D.C. office.
August 29, 2007Mark Edward Winter has been elected by the Executive Committee of the Board of Directors to the position of Executive Vice President of Public Policy. Since 1985, Winter has managed Stewart’s Washington, D.C. office.
Stewart Pays $1 Million in Settlement of $46 Million Claim of the California Department of Insurance
August 29, 2007Stewart Title Guaranty Co. (Stewart) announces that it has settled a claim of $46,700,525 for $1,000,400 in an administrative proceeding filed by the California Department of Insurance (CDOI) concerning Stewart's purchase of reinsurance from alleged captive reinsurance companies.
August 28, 2007Financial Industry Computer Systems, Inc. (FICS®), a mortgage technology specialist that provides in-house residential origination and servicing technology and commercial servicing technology to the mortgage industry, announced that it has added a new Mortgage Insurance interface to its residential mortgage loan origination system, Loan Producer®.
August 28, 2007DRN Title Search announced that Tim Padgett has joined the company as Director of Business Development. Padgett is responsible for expanding DRN’s operations in its current region and expanding the company’s penetration into new territories in the title and document retrieval market.
Associated Press | August 23, 2007Standard & Poor's Ratings Services on Tuesday revised its outlook on LandAmerica Financial Group Inc., a provider of real estate transaction services, to negative from stable and affirmed its ratings on the company.
August 22, 2007The Property Records Industry Association approved a “best practices” White Paper document, “Recording Electronic Images on Roll Microfilm” that describes the practices, processes and standards necessary to produce preservation microfilm from digitized documents.
August 20, 2007Land Title Guarantee Company announces the appointment of John S. Christiansen as President of Land Title Agency of Arizona. Christiansen will oversee all operations for this 10-year-old Arizona title insurance company.
August 20, 2007First American Title Insurance Company is making available an online training program designed to help escrow, title insurance, lending and real estate industry professionals better recognize and prevent various types of mortgage fraud. Offered by First American’s SouthEast University, a division of First American Title’s Southeast/Mid-Atlantic division, the new self-paced, easy-to-understand course is offered for $14.99 per participant—with discounts available for groups of 10 people or more—and can be completed in approximately 1 hour using any Internet-connected computer. The training modules, accessible at http://seu.firstam.com, are available for 90-days from the date of enrollment.
August 20, 2007Mike Halpin, a divisional vice president for Stewart Title of Wisconsin Inc., has been named its president and chief executive officer. Former Stewart Title of Wisconsin president and CEO David Silberman will continue to lead as Wisconsin state manager and counsel for the underwriter, Stewart Title Guaranty Co.
August 13, 2007Investors Title Company's Board of Directors has declared a cash dividend of $.06 per share to shareholders of record September 3, 2007, payable September 17, 2007.
August 9, 2007The Internal Revenue Service is simplifying the signature process for electronically filed individual income tax returns submitted by tax practitioners. The simplification eliminates the need for a paper signature document to be sent to the IRS in support of electronically filed tax returns. Beginning with the 2008 filing season, tax practitioners can e-file individual income tax returns only if the returns are signed electronically using one of two methods: either a Self-Select Personal Identification Number (PIN) or a Practitioner PIN.
August 9, 2007Property Records Industry Association (PRIA) presented the Carl R. Ernst Founders Award to outgoing association president, Mark A. Monacelli, in a surprise announcement made during the group’s 2007 Annual Conference.
August 8, 2007PRIA (the Property Records Industry Association) held its Annual Conference at The Westin Charlotte in Charlotte, N.C., July 21-23. The conference attracted 159 attendees to participate in three days of sessions, workshops, committee gatherings and business meetings. PRIA business was conducted during two sessions which included annual reports from committee chairs, a year-end financial report, election of board members and recognition awards.
August 8, 2007The next time you buy a home and head for closing, you may be using a stylus instead of a ballpoint pen to sign your mortgage note and closing documents. So-called e-mortgages are becoming the rage in the mortgage industry. Century Bank has closed its first electronic mortgage in the Dallas area.
August 7, 2007J. Allen Fine, Chairman of Investors Title Company (NasdaqGM:ITIC), announced that for the second quarter ended June 30, 2007, the Company reported net income of $1,154,149, a decrease of 73.3% compared with $4,315,537 for the same three-month period in 2006. Net income per diluted share equaled $0.46, a decrease of 72.6% compared with $1.68 per diluted share in the same period last year.
August 6, 2007First American eAppraiseIT, announced that Diane Swanson has been named vice president, national sales manager, and Barbara Girolami has been promoted to vice president, valuation consulting for First American eAppraiseIT’s Valuation Consulting group.
August 2, 2007
August 2, 2007Stewart Title Ltd., the primary underwriter for the Australian and European transactions for Stewart Information Services Corp. has announced the opening of a New Zealand Branch. The office for the branch will be located in Auckland.
August 2, 2007The First American Corporation (NYSE: FAF) announced financial results for the second quarter and six months ended June 30, 2007. Total revenues for the second quarter of 2007 were $2.2 billion, essentially unchanged from the second quarter of 2006. Net loss was $66.0 million in the second quarter of 2007, compared with net income of $25.5 million in the second quarter of 2006.
August 1, 2007TitleVest, a New York-based provider of title insurance and related real estate services, added a new division, VestInsurance (Vest Insurance Brokerage, LLC. VestInsurance is a full-service personal and commercial lines insurance broker offering a full line of property and casualty insurance products.
August 1, 2007Old Republic International Corporation (NYSE: ORI - News), today announced that Old Republic National Title Insurance Company, the flagship insurer of its Title Insurance Group ("ORTIG"), will celebrate its 100th year anniversary on August 20, 2007. For 100 years, this Company has sold title insurance and settlement services with the highest level of technical skill, client service and professional integrity to the real estate and mortgage lending communities. ORTIG's title insurance subsidiaries have consistently earned the highest financial strength ratings in the title insurance industry.
August 1, 2007Fitch has affirmed the Insurer Financial Strength rating of Attorneys' Title Insurance Fund, Inc. (the Fund) at 'A-' . The Rating Outlook is Stable.
August 1, 2007
August 1, 2007Skywire Software and Whitehill Technologies, two leading global providers of software and services for insurance, financial services, legal, and professional services, today announced they have entered into a definitive agreement under which Skywire Software will acquire Whitehill Technologies, Inc. Terms of the transaction, which is expected to be complete on or before August 31, 2007, were not disclosed.
Associated Press | July 31, 2007Old Republic International Corp., an insurance company, said Thursday its second-quarter earnings fell 9 percent, mostly on rising claims in its mortgage guaranty division and falling volume in its title insurance unit. Old Republic second-quarter earnings fell to $115.1 million, or 49 cents per share, from $126.6 million, or 54 cents per share, during the same quarter a year ago.
July 31, 2007TSS Software Corporation unveiled the development of an interface with Data Trace Information Services, a national title technology company. For title companies using TSS's TitleExpress title and settlement system, the interface automates search requests to Data Trace, making the task simple, efficient, and paperless.
July 30, 2007Stewart Information Services Corporation (NYSE: STC) has approved a plan for the purchase of up to 1.5 percent of the company's Common stock. Purchases of stock under the plan may be made from time to time using the company's internally-generated funds.
AP | July 27, 2007Stewart Information Services Corp., which provides title insurance and related services, said Friday its second-quarter profit dropped 36 percent due to the soft housing market and the collapse of the subprime lending business.
July 26, 2007PLTA recognizes several distinquished members and installs 2007-08 Officers
July 26, 2007Fitch Ratings has completed its study on the U.S. title insurance industry's risk-adjusted capital (RAC) position at year-end 2006, which showed a modest increase in the RAC ratio for Fitch's aggregate title insurer universe.
July 25, 2007
July 25, 2007DocuSign has announced that Real-a-Save has been using eSignature technology from DocuSign to reduce the time it takes for an agent to close deals and sign up new clients from several days to in some cases less than one hour. Instead of the usual week or longer to have paper documents signed using traditional mail, high priced couriers, overnight delivery, or unreliable fax machines, Real-a-Save can now close a deal or sign up a new client in under an hour.
July 25, 2007Fitch Ratings has affirmed Old Republic International Corporation's (ORI) Issuer Default Rating (IDR) at 'AA-' and its commercial paper rating at 'F1+'. The 'AA' Insurer Financial Strength (IFS) ratings of the property/casualty operating subsidiaries were also affirmed. Fitch assigned the 'AA' group IFS ratings to Old Republic General Insurance Corporation and Old Republic Surety Co. as core operations of Old Republic International's property casualty business. The Rating Outlook is Stable.
Settleware Helps American First Credit Union Sell E-Note Registered With MERS eRegistry to Fannie Mae
July 24, 2007Settleware(r) Secure Services, Inc. announced that Ruben and Darla Nino of Buena Park, Calif., were the first home loan borrowers to have their electronic mortgage note registered with the MERS(r) eRegistry through the use of the Settleware Solution. American First Credit Union (AFCU), La Habra, Calif., originated the loan, and then sold it and electronically delivered it to Fannie Mae.
RamQuest Software and Ellie Mae Partner to Forge Electronic Links between Title Companies and Brokers
July 23, 2007RamQuest Software, Inc., and Ellie Mae have formed a strategic partnership that integrates the ePASS Network and RamQuest Closing Market systems. The result is a synergistic solution that enables users of each system the opportunity to expand their network of customers and suppliers with speed, ease and convenience.
July 19, 2007Clear Choice Financial, Inc. ("Clear Choice") (Pink Sheets: CLRC - News), today announced it has acquired BrokerLogix LLC.
July 19, 2007Stewart Title Guaranty Co. (Stewart) joined Commissioner Steve Poizner to announce a settlement in the amount of $1.5 million over charges that two of its agents conducted their business illegally in the State of California.
July 17, 2007In one of the most comprehensive adoptions of the NNA’s Model Notary Act of 2002 to date, Mississippi has put in place numerous new regulations governing the conduct of Notaries, drawing largely from the Act’s paper-based provisions.
Joint Letter Asking Congress to Encourage OFHEO to Withdraw Proposed Guidance Allowing Them to Decrease Conforming Loan Limit
July 16, 2007The Mortgage Bankers Association (MBA), along with the National Association of Home Builders (NAHB) and the National Association of Realtors (NAR)have sent the attached joint letters to the leadership of the House Financial Services Committee and the Senate Banking Committee asking that they encourage the Office of Federal Housing Enterprise Oversight (OFHEO), the regulator of Fannie Mae and Freddie Mac, to withdraw proposed guidance that would allow the regulator to decrease the conforming loan limit.
July 12, 2007L&D Title Services, LLC, has selected eTitleAxis as its title, settlement and transaction management system.
July 12, 2007AOL has partnered with Fidelity National Real Estate Solutions (FNRES) under which FNRES will aggregate broker and MLS listings for the 3 million monthly AOL Real Estate users, and provide access to instant home evaluations through FNRES' Cyberhomes expert tools at http://realestate.aol.com.
Dorado and First Canadian Title Announce Exclusive Distribution of Dorado's Enterprise Lending System
July 10, 2007
July 10, 2007
July 10, 2007Ez2Companies has entered into a merger-related letter of intent with Endzone Title Corp. (endzonetitle.com) of Ft. Lauderdale, Florida. Endzone offers innovative services such as a paperless Web-based transaction system where all parties involved in a closing transaction can monitor the status of that transaction or closing file anytime via a secure on-line viewable,printable network.
July 9, 2007
July 3, 2007
June 28, 2007
June 26, 2007Abundant Title Agency, LLC, has selected Hall Settlement Systems eTitleAxis as its title, settlement and transaction management system.
Mortgage Banking Veterans Launch New Firm -- Agire Mortgage Promise Solution-Oriented, Customer-Centric Mortgage Banking Experience
June 26, 2007Agire Mortgage Corporation officially opened its doors for business on May 1, 2007, with a vision focused on using technology to simplify the loan origination process, while delivering high quality products to their customers and investors. Agire delivers value and efficiency to its partners, mortgage brokers and their clients with a data driven, paperless process.
June 26, 2007Fidelity National Title Group today announced a new product offering that will help its customers protect against mortgage fraud. The new partnership with Experian Consumer Direct(SM) will offer customers one year of credit monitoring, fraud resolution assistance and a credit report at no cost.
June 21, 2007
June 20, 2007Fiserv Imagesoft, a business unit of Fiserv, Inc. (NASDAQ:FISV), today announced that Fifth Third Bank, (NASDAQ:FITB), with $99.8 billion in assets, has chosen to image-enable its mortgage processing functions - from loan origination to servicing - with the Fiserv Imagesoft Nautilus Enterprise Content Management (ECM) system.
June 20, 2007DocuTech Corp.formed a strategic alliance with Honolulu-based PCLender.com, a web based software and service solution. The alliance integrates DocuTech's compliant documents with the PCLender.com enterprise mortgage lending system. originators and mortgage lenders, delivering real-time electronic loan folder sharing to all parties working on a loan.
Fauth named president and CEO of Stewart Title of Minnesota, and Minnesota state manager for Stewart Title Guaranty Co.
June 20, 2007Dave Fauth has been named president and chief executive officer of Stewart Title of Minnesota, and will also serve as Minnesota state manager for its underwriter, Stewart Title Guaranty Co.
June 19, 2007Kasparnet, Inc., a provider of real-estate title production, management and research services, has recently expanded its business into all 92 counties in Indiana.
June 18, 2007The Stewart Title of California – San Diego division has added Sally Leimbach as its new president.
June 18, 2007The Property Records Industry (PRIA) will host its Annual Conference in Charlotte on July 21-24, 2007, at The Westin Charlotte hotel. The meeting is open to government and business professionals who have an interest in facilitating real estate document recordation and access to public property records
A.M. Best Upgrades Ratings of Fidelity National Financial Group’s Title Companies; Revises Outlook to Stable
June 14, 2007A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A-(Excellent) and the issuer credit ratings (ICR) to “a” from “a-” of Fidelity National Financial Group’s (Fidelity) (Jacksonville, FL) eight title insurance subsidiaries. In addition, A.M. Best has upgraded the ICR to “bbb” from “bbb-” of the parent holding company, Fidelity National Financial, Inc.
June 13, 2007
June 12, 2007SoftPro won a Stevie Award for Best Support Team in the 2007 American Business Awards last night. In addition to the win for Best Support Team, SoftPro was also named a finalist in categories for Best Customer Service Team and Best Product Development Team.
June 12, 2007The Freddie Mac Alliance has chosen Brooks Systems to provide compliance by way of technology and consulting services to members of the American Bankers Association through the Freddie Mac/ABA Alliance. Specifically, Brooks Systems will help alliance members to comply with the myriad of state anti-predatory and other lending statutes to help ensure loan accuracy and compliance while minimizing a lender's risk.
June 12, 2007The First American Corporation (NYSE: FAF) today announced that Jo Etta Bandy has been appointed senior vice president, corporate communications. Recognized for her role in working with executive management to develop and disseminate the company's key messages, Bandy will continue to oversee all facets of First American's corporate communications efforts.
MBA's Lender Technologies Corporation Issues RFI to Create National Database for the Prevention of Fraud Against Lenders
June 11, 2007
June 8, 2007Stewart Title & Trust has opened a branch office in Kingman, located in the northwest part of Arizona, only 71 miles southeast of Hoover Dam.
June 7, 2007A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of "aa-" of the Old Republic Title Insurance Group and its members (Minneapolis, MN). The outlook for these ratings is stable.
June 6, 2007Sovereign Bancorp's Sovereign Bank unit plans to offer a checking account designed for title insurers and title insurance agencies doing business in the State of Maryland.
June 5, 2007In his new position, Kersenbrock will be responsible for overseeing all First American title and escrow operations in Los Angeles County.
June 4, 2007First Houston Mortgage Corp. has successfully launched its eMortgage solution, enabling fully electronic mortgage origination using software developed by Encomia.
June 1, 2007FNF announced the promotion of Alan L. Stinson, currently Co-Chief Operating Officer, to the position of Chief Executive Officer. Raymond R. Quirk, currently Co-Chief Operating Officer and Brent B. Bickett, currently President, have been named Co- Presidents.
May 31, 2007Craig Page released the following statement today upon notification that the California Department of Insurance re-noticed title insurance and escrow rate setting regulations.
May 31, 2007
May 31, 2007Members of the DuBose family have announced the opening of a new entity, First Western Title Co., offering commercial and consumer title services in the state of Texas.
May 31, 2007AmeriPoint Title has arrived in Austin; opening an office in the Arboretum Atrium.
May 30, 2007Demotech, Inc. has released the 2007 edition of "Demotech Performance of Title Insurance Companies." This publication is the most comprehensive Title industry resource available, analyzing and presenting more than 375 pages of reports, ratios and charts, which summarize the financial information for 91 Title underwriters. These included underwriters represent more than 99% of the Title industry's premium activity.
Associated Press | May 30, 2007Business information provider First American Corp. said a federal appeals court has reversed a $32.4 million punitive damages verdict against one of its subsidiaries.
May 29, 2007TSS Software Corporation announced two appointments: Frank Roberts to its corporate management team as Vice President, Support Operations; and, Laura Davis to its leadership team as Director of Accounting.
May 29, 2007InWare has released its Realtor version of InTitle, the company’s flagship real estate software. InTitle, an electronic document delivery solution, has embedded marketing capability that sets the program apart from other document delivery products currently on the market.
May 24, 2007Nevada passes (Senate Bill No. 88) a bill allowing documents to be electronically recorded pursuant to the Uniform Real Property Electronic Recording Act. The bill becomes effective October 1, 2007.
May 24, 2007LandAmerica Financial Group, Inc. announced that Janice E. Carpi has been promoted to SVP - Commercial Services Senior Underwriter and Transaction Counsel.
May 23, 2007James L. "Jim" Gosdin has been named chief underwriting counsel for Stewart Title Guaranty Co.
May 22, 2007LandAmerica Financial Group, Inc. has promoted Pam K. Saylors to Group Senior Vice President - National Title Operations for Commercial Services, where she will lead the implementation of strategic initiatives driving growth and promoting unity of operations.
A.M. Best Requests Public Comment on Draft Rating Methodology: Understanding BCAR for Title Insurance Companies
May 22, 2007A.M. Best's interactive rating process for title insurance companies is intended to provide an opinion on a company's ability to meet its ongoing obligations to policyholders. The evaluation of a company's financial strength is based on an in-depth analysis on its balance-sheet strength, operating performance and business profile.
May 22, 2007MarketLinx Inc., a provider of information technology to the residential real estate industry, today announced the commencement of a regional training program for users of Lucero® Summit, the company’s broker back-office system.
May 21, 2007Skywire Software unveiled its new corporate identity and plans for continued customer-centric innovation, leadership, and growth as a dominant provider of software and services to the insurance industry.
May 17, 2007The Ohio Land Title Association (OLTA) recently held its Spring Seminar in Columbus, Ohio where more than 400 professionals from the title industry gathered, representing a 14% growth over last year’s Seminar. More than 50 individuals attended the event for the first time
May 17, 2007
May 17, 2007Ron Howarth, former major accounts division manager for Stewart Title of California, has been named senior vice president, south metro district commercial/subdivision manager.
May 17, 2007J. Allen Fine, Chairman of the Board of Investors Title Company (NASDAQ: ITIC), announced that the Company's Board of Directors has declared a cash dividend of $.06 per share to shareholders of record June 1, 2007, payable June 15, 2007.
May 16, 2007Title Alliance, Ltd. announced that the Board of Directors of the company appointed Nancy D. Warner to the position of Compliance Officer in addition to her duties of Executive Vice President and COO.
First American Title’s Lenders Advantage Division Names Stephen P. Veltri SVP and CPP Of National Settlement Services
May 14, 2007
May 14, 2007
May 11, 2007
Landamerica Names Michael D. Beverly Senior Vice President – Associate General Counsel And Corporate Secretary
May 10, 2007LandAmerica Financial Group, Inc. announced Michael D. Beverly has been appointed Senior Vice President – Associate General Counsel and Corporate Secretary, overseeing corporate governance and securities issues and providing legal guidance to the International, Operations Resources, Communications Resources, and Investor Relations departments. He is based in Richmond, Virginia.
May 10, 2007InWare, a software solution provider for the real estate services industry, is bulking up its leadership team with the addition of Shawn Fox as National Sales Manager.
May 9, 2007You’re at the closing table. You represent a title company or a mortgage lender. The sellers pull out his driver’s license, her passport or their permanent residents cards. How do you know they’re real? Are you going to be the next victim of fraud?
May 9, 2007FNF has launched its Multicultural Marketing Program to Fresno and Stanislaus counties in California. This is the company's second major launch in the Central Valley, following its program expansion into San Joaquin and Sacramento counties.
May 8, 2007Westcor Land Title Insurance Company, the national independent underwriter, has opened its Western Agency Operations office in Denver, Colorado, to support independent title agencies in states west of the Mississippi.
May 8, 2007Stewart to consolidate customer-service software on PhaseWare platform. with an expected roll-out of July 1.
May 7, 2007
May 3, 2007Fidelity National Information Services, Inc. (NYSE: FIS) has acquired Marketing Solutions, Inc. (MSI), one of the fastest-growing providers of customer relationship management (CRM) and profitability offerings to community financial institutions.
Property Records Industry Association (PRIA) | May 3, 2007
May 3, 2007
May 2, 2007TSS Software Corporation, a nationwide, independent provider of settlement services software, announced it closed the first quarter of 2007 as its most successful financial quarter in company history.
May 1, 2007
May 1, 2007webMethods, Inc. (Nasdaq: WEBM), a business integration and optimization software company, revealed that Lenders First Choice, a provider of settlement services and title insurance, has selected webMethods Fabric 7.0 as its next generation platform for developing its new title insurance and settlement services application.
April 30, 2007SACRAMENTO, Calif.,-- The California Land Title Association is celebrating its 100th anniversary at the group's annual convention in San Francisco. The convention runs from April 29 through May 1 at the historic Palace Hotel.
April 27, 2007HOUSTON -- Stewart Information Services Corporation (NYSE: STC ) reported the results of its operations for the quarter ended March 31, 2007.
April 25, 2007FIS) announced a regular quarterly dividend of $0.05 per common share, while LandAmerica declared a quarterly dividend of $.22 per share.
April 24, 2007The Property Records Industry Association (PRIA) recently announced that an updated version of its eRecording XML Implementation Guide has been posted on the PRIA website (www.pria.us) and is available to interested parties for download.
April 24, 2007eTitleAxis is enabling a Colorado-based title company to soar to new heights and gain competitive advantage. Since going live with the Web-based transaction management system, Canyon Title LLC has improved productivity and enhanced collaboration to accelerate order processing and facilitate growth.
April 23, 2007Patti J. DeGennaro, President and CEO of Title Alliance®, Ltd., announced that Bill Cotter and the senior officers will purchase the company and its subsidiary companies, Title Abstract Company of Pennsylvania and TA Financial Services.
April 23, 2007WS-I is an open industry organization whose members promote Web services interoperability across platforms, operating systems and programming languages. WS-I Associate Membership is offered solely to standards-development organizations (SDOs).
April 20, 2007Matthew W. Morris has been named president of Stewart Professional Solutions (SPS), a newly formed business group aligned to provide support services to Stewart Title Co. and Stewart Title Guaranty Co. and their affiliates.
First American Home Buyers Names Daniel T. Langston Named President and Lawrence F. Hariton Appointed COO
April 17, 2007First American Home Buyers Protection Corporation has named Daniel T. Langston president and Lawrence F. Hariton chief operating officer
April 17, 2007TSS Software Corporation is finding its Hosted Solutions service filling a data management need in the title and settlement services industry. Title and settlement services firms, large and small, are realizing cost-savings and efficiencies—both valued in the current real estate market period of “adjustment.”
First American's ParcelPoint(TM) Technology Delivers New Level of Accuracy for Navigation and Location-based Applications
April 16, 2007The First American Corporation (NYSE: FAF) recently released ParcelPoint(TM), the next generation in geographic location technology that offers the most advanced solution for superior positional accuracy.
April 16, 2007LandAmerica Financial Group, Inc. announced a non-cash write down of its customer relationship intangible asset of approximately $21 million, or $13 million after taxes, in the Lender Services segment. One of LandAmerica's tax and flood processing customers, Freemont General Corporation, has announced its receipt of a cease and desist order from the FDIC relating to lending practices in its mortgage origination business.
April 12, 2007
April 11, 2007
April 11, 2007A new president with a depth of title and legal experience is leading Stewart Title of Northern New England (STONNE) into a new era with a skilled staff at a new location.
April 9, 2007The residential real estate brokerage industry appears to be about half way through a 10 -15 year industry transition – one that is creating confusion and frustration, but above all, huge opportunities. What is certain, in this turbulent environment, is that opportunity is coming to those who react appropriately to the trends that affect it.
April 9, 2007Murshid S. Khan has been named the chief information officer (CIO) for Stewart Information Services Corp. (NYSE-STC). He has 17 years' experience in leading and managing complex IT operations and is especially adept in change management. Khan most recently worked for the Walt Disney Co. as director of IT telecommunications, global strategy, engineering and advanced services
AP | April 6, 2007LandAmerica Financial Group Inc. shares rose to an all-time high Wednesday after a Keefe Bruyette & Woods analyst said the title insurance company will improve its margins and may buy back more shares of its stock.
Shares of Stewart Information Services added 12 cents to $42.82 in afternoon trading on the New York Stock Exchange.
April 6, 2007Shares of Stewart Information Services added 12 cents to $42.82 in afternoon trading on the New York Stock Exchange.
April 6, 2007
April 3, 2007Virginia passed a bill allowing documents to be notarized electronically. Electronic notarizations may only be performed by persons commissioned as electronic notary publics. The bill is effective July 1, 2008.
April 3, 2007First Choice has appointed Jeanne Flynn Martin executive vice president and general counsel. Flynn Martin's extensive legal experience includes more than 25 years in the financial services industry.
April 1, 2007SureClose, Stewart's online transaction management platform, provides a whole new level of service with the release of the SureScan integrated scanning solution, developed in partnership with innovative software provider, Certify Data Systems, Inc.
March 29, 2007Advectis(R), Inc.announced that Harland Financial Solutions has integrated its Interlinq(R) E3(R) enterprise mortgage lending solution with the BlitzDocs(R) Collaboration Suite to facilitate streamlined loan data and document processing.
Inman News | March 28, 2007Just as Fair Isaac Corp. is leaving the mortgage lending software and services business IBM is getting in. IBM this week announced the formation of a new business unit, IBM Lender Business Process Services Inc., which will specialize in mortgage origination services.
March 27, 2007The Stewart electronic vault is designed to store, maintain and transfer original electronic loan documents. In conjunction with other Stewart solutions, the electronic vault expedites a full end-to-end eMortgage process.
March 27, 2007Adobe Systems Inc. and MISMO® Inc. have released guidelines for the standardization of electronically signed PDF documents in the mortgage process. The guidelines are intended to help standardize the implementation of PDF and electronically signed PDF documents across the mortgage banking industry, moving the industry to a new level of interoperability with PDF for end-to-end electronic mortgage workflows.
March 26, 2007The California Bankers Association (CBA), through a strategic partnership with FirstClose™, a service of First Lenders Data, Inc., is introducing CBAClose, a closing and fulfillment system that provides credit reports, flood zone determinations, lien reports, title reports, income verification reports, document preparation, closing services, recording services, title insurance, tax tracking services, and other mortgage related services.
March 26, 2007SANTA ANA, Calif., - The First American Corporation (NYSE: FAF) has expaned its eClosing technology offerings to help lenders and settlement agents further streamline the closing process.
March 22, 2007
March 19, 2007The California Department of Insurance announced that it has issued a Cease and Desist Order to Richmond Title Services, L.P. (Richmond), Stewart Title Guaranty Co. (Stewart), and Electronic Closing Services Inc., a Stewart affiliate. Upon receipt of the Cease and Desist Order, Stewart discontinued doing business with Richmond in California.
March 15, 2007Fitch Ratings has affirmed the 'A+' insurer financial strength (IFS) ratings of Stewart Title Guaranty Company (STG) and its wholly owned subsidiary Stewart Title Insurance Company (STC), collectively referred to as Stewart. The companies are ultimately owned by Stewart Information Services Corporation (SISCO). The Rating Outlook is Stable.
March 15, 2007
March 8, 2007The Property Records Industry Association (PRIA) met February 28th - March 2nd in Washington, DC. More than 200 recorders, title professionals, lenders, and other property records professionals gathered to review PRIA's recent accomplishments and learn more about the challenges facing today's county recorders.
March 7, 2007First American LoanPerformance has unveiled the availability of the latest version of its RiskModel analytics solution for forecasting future mortgage prepayments, defaults, losses and projected cash flows.
March 7, 2007Fidelity National Title Insurance Company has launched four websites in traditional Chinese, Korean, Spanish and Vietnamese dedicated to providing consumers in these segments with instant, accessible information on real estate, escrow and title insurance to help better prepare them for buying a home.
March 7, 2007 | By David S. Thun
March 6, 2007Board of Directors of Investors Title has declared a cash dividend of $.06 per share to shareholders of record March 15, 2007, payable March 30, 2007.
March 5, 2007Mark A. Bilbrey has joined Old Republic National Title Insurance Company as Senior Vice President and Chief Operating Officer of the Central Title Group.
March 5, 2007
March 3, 2007David M. Gorenberg, Esq., CES®, Vice President and Branch Manager of LandAmerica’s 1031 Exchange Services office in Philadelphia, Pennsylvania, has been named to the Board of Directors of the Federation of Exchange Accommodators (FEA).
March 1, 2007
March 1, 2007LandSource Communities Development LLC ("LandSource"), a joint venture between Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, and LNR Property Corporation ("LNR"), one of the nation's leading real estate,finance, management and development companies, announced today that it has added assets and a new partner, MW Housing Partners ("MWHP"). MWHP is co-managed by MacFarlane Partners.
February 27, 2007Lenders Advantage, a division of First American, is now implementing WebSigning, a new application that gives consumers a safe, secure and convenient way to sign and approve mortgage refinance loan documents through the Internet. EverBank is the first lender to utilize the WebSigning service.
February 27, 2007The European residential security market is in its development stage and has high growth potential. While security remains the most important driver, technologies such as wireless have also been propelling market growth. The market's move towards IP technology and video surveillance has positively reinforced this trend.
February 27, 2007Executive Title Insurance Services Inc. has acquired Hardee County Title and Abstract Co. of Wauchula, Fla., from owner Margaret C. Bennett, who has retired. Closer Julie Watson and Pam Cornelius will remain with the office. Watson will remain the closer and also will manage the office, which will become a branch of Executive Title.
February 27, 2007Vice president of eMortgage services, Tim Anderson, eMortgage industry veteran, has joined the 2007 Mortgage Bankers Association (MBA) Residential Technology (ResTech) Steering Committee’s eMortgage Adoption Task Force. Anderson will represent Stewart as an eMortgage industry leader, to further educate and create industry awareness while promoting eMortgage adoption.
February 26, 2007Seller / Servicer Bulletin covers a wide range of topics and new new froms and requirmenteds.
February 26, 2007The Board of Directors of Old Republic International Corporation approved the payment of the regular quarterly cash dividend of 15 cents per common share. The dividend is payable on March 15, 2007 to shareholders of record on March 6, 2007. The Board also a quarterly cash dividend rate of 16 cents per share beginning with the 2nd quarter 2007 dividend, which represents a 6.7 percent increase from the current quarterly rate of 15 cents per share.
February 22, 2007The Board of Directors of LandAmerica Financial Group, Inc. has approved a program to purchase up to 1,500,000 shares between now and the end of October 2008, or approximately 8.5% of its fully diluted outstanding shares as of December 31, 2006. Purchases of stock will be accomplished primarily in the open market, with the timing of such transactions subject to market conditions and SEC regulations.
February 22, 2007A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Attorneys’ Title Insurance Fund Inc (Attorneys’ Title) (Orlando, FL). The outlook for the rating is stable.
February 22, 2007LandAmerica Financial Group, Inc. (NYSE: LFG), announced preliminary operating results for the fourth quarter and the year ended December 31, 2006.
February 21, 2007The First American Corporation announced that its European subsidiary,First Title Insurance plc, has provided title insurance coverage for the $100 million USD acquisition of the building currently home to Warsaw's well-known Marriott Hotel.
Associated Press | February 20, 2007Stewart Information Services Corp said Friday its fourth-quarter profit rose 18 percent, as the company set aside less money to cover potential losses in its title business.
February 20, 2007LandAmerica Financial Group, Inc. (NYSE: LFG) announced the opening of LandAmerica Commonwealth Title of Central America, a venture of its Commonwealth Land Title Insurance Company subsidiary.
February 16, 2007Stewart Title of Pinellas has acquired Title First Inc. in St. Petersburg, Fla.; and Stewart Title Co. has acquired Gulf Coast Title Co. LLC in Brooksville, Fla.
February 14, 2007InWare™, an enterprising technology solutions provider, announced the development of an integration between InTitle™, its flagship real estate software, and RamQuest’s FileScan Plus!™, a component of the company’s Complete Closing Enterprise™ title production solution.
February 14, 2007RecordFusion, a provider of end-to-end records management solutions, has successfully implemented its CountyFusion eRecording system in the Montgomery County, Pennsylvania, Recorder of Deeds office. The eRecording solution, which allows users to record documents remotely over the Internet, is an extension to the office’s recently installed CountyFusion Records Management system.
February 13, 2007David Tandy was recently installed as the company’s Austin Division President. His career has lead him to the position of Chief Information Officer of a national underwriter and to Executive Vice President of a national vendor management company, providing title insurance services and appraisal services to national lenders.
February 13, 2007A recent downturn in the real estate market has prompted the creation of www.FreeTitleQuote.com, a consumer driven Web site for competitive pricing of title insurance.
February 13, 2007Lender Support Systems Inc. has formed an alliance with San Francisco-based ComplianceEase®, a provider of regulatory compliance and risk management solutions. The alliance will utilize ComplianceEase’s technology to further enhance regulatory compliance with all closing documents created by LSSI.
February 12, 2007The Secure Identity Services Accreditation Corp. (SISAC), a wholly owned nonprofit subsidiary of the MBA, announced that ChosenSecurity Inc., in partnership with the National Notary Association, has completed its accreditation process. ChosenSecurity joins three other entities that have completed SISAC's accreditation process in recent months, including eValid8 Corp., Innov8IT LLC and the longstanding accredited issuer, VeriSign Inc.
February 8, 2007NextAce is expanding its automated title software and services offering, Title EDGE®, to deliver full resale and long-form commitments. By automating the resale process, the consumer can benefit from a faster settlement, title insurers can deliver a faster and more consistent product while reducing their associated production costs, and lenders realize process improvement and faster application-to-close turn time.
February 7, 2007
February 6, 2007TSS Software Corporation, an independent provider of settlement services software, reports its Escrow Account Reconciliation Service (EARS) has been expanded and improved to meet the needs of a growing number of TitleExpress users requesting the service.
February 6, 2007MISMO announced the results of its Governance Committee leadership elections for 2007. David Barkley, Chair of the Governance Committee since its inception in 2000, turned his gavel over to newly-elected Chair Ron Duff, Fiserv Lending Solutions, who will serve with Vice-Chairs Nancee Gorenstein, MGIC, and Lisa Bolelli, First American Real Estate Information Services, Inc. Kelly Romeo , Director of Technology for ALTA was re-elected to the Goverance Committee.
February 5, 2007Lender Support Systems, Inc. (LSSI) announced that WinStar Mortgage Partners has renewed their annual software agreement and will continue using LSSI’s DocWin loan-document creation software.
February 5, 2007First Advantage Corporation has acquired R E Austin Ltd., an employment screening company based in Colchester, United Kingdom, outside of London. This purchase further expands the company's international market share by establishing an immediate and significant presence in the U.K. background screening market and improves the company's ability to service clients with operations in Europe.
Stewart Transaction Solutions Strengthens End-to-End Electronic Real Estate Transaction with Majority Investment
February 5, 2007Stewart Transaction Solutions, Inc. has made a majority investment in Reveal Systems, Inc., a leading forms provider for the real estate industry. Terms of the investment were not disclosed.
February 5, 2007The First American Corporation (NYSE: FAF), has merged its First American Real Estate Solutions ("RES") division, a part of its FARES LLC subsidiary, with Sacramento, Calif.- based CoreLogic Systems, Inc., a leading provider of mortgage risk assessment and fraud prevention solutions. In 2006, RES and CoreLogic generated approximately $252 million and $74 million in revenues, respectively.
January 31, 2007Gallagher Financial Systems, Inc. (GFS) and Mavent Inc.,of Irvine, Calif. have formed a strategic alliance to seamlessly integrate the Mavent Expert System with NetOxygen, Gallagher’s leading service-oriented platform.
January 30, 2007Crossroads Title Agency, Michigan’s Title CompanyTM, recently completed its acquisition of Northwest Title Agency and its assets, creating a fifth branch office location throughout the State of Michigan. Headquartered in Flint, Michigan, Crossroads Title also operates branch offices in Grand Rapids, Livonia and Saginaw.
January 30, 2007First American launched MarketLinx®, a new company established to effectively address the full range of information technology needs of residential real estate professionals. MarketLinx combines the strengths of First American subsidiaries First American MLS Solutions, Inc.; Offutt Systems; Sonic Eagle, Inc.; and Lucero Research Corporation to provide customizable technology solutions for multiple listing services, brokers and agents through a single entity.
January 29, 2007HOUSTON -- SigniaDocs, Inc., a service provider of compliance technology and solutions for mortgage document preparation, announced the release of its fourth-generation document preparation system, Signet Direct. The product of more than three years of research and development, Signet Direct provides an innovative way to process all loan data at the origination stage, and then view, print and deliver documents in a digital format. The company assures reliability and offers guaranteed compliance.
January 29, 2007Texas-based Skywire Software, a diversified enterprise software company, has acquired Integrated Insurance Technologies (IIT) from SelectQuote, Inc., one of the nation's largest independent term life insurance brokerage, in an all cash transaction.
January 27, 2007MISMO has formed an alliance with the Federal Housing Administration (FHA). The purpose of the Alliance is the development and publication of government standards relating to data and electronic mortgage transactions involving government entities within the MISMO framework and utilizing the MISMO infrastructure.
Nancy D. Warner Promoted To Executive Vice President and Chief Operations Officer of Title Alliance, LTD.
January 25, 2007Patti DeGennaro, President and CEO of Title Alliance(R), Ltd., the creators of successful customized title ventures, announced this month that Nancy D. Warner has been named Executive Vice President and Chief Operating Officer of TA Holdings Inc. and its subsidiary companies, including Title Alliance(R), Ltd., T.A.
January 25, 2007Bacchus Title Group, LLC, has selected eTitleAxis developed by Hall Settlement Systems as its title, settlement and transaction management system.
January 24, 2007Fidelity National Financial, Inc. (NYSE: FNF), a large provider of title insurance, specialty insurance and claims management services, announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share. The dividend will be payable March 29, 2007, to stockholders of record as of March 14, 2007.
January 22, 2007Stewart Transaction Solutions, Inc. acquired Formulator and key product, WebForms from Realigent on Jan. 4, 2007. Formulator is an innovative online forms provider in the real estate industry.
January 22, 2007PropertyInfo Corp. has announced the acquisition of a proprietary title search application, Advanced Title Search (ATS), from CST Title Abstractors, LLC. The application provides efficiently managed title searches from a broader variety of data sources, both public and private.
January 18, 2007The Montgomery County Department of Finance is announcing the upgrade release of the NACO award winning Finance Electronic Transfer Tax Application, originally designed and developed in 2002 as a re-engineering of the deeds and deeds of trust business process. The new version is designed according to Property Records Industry Association (PRIA) standards allowing title software companies to seamlessly pass data to the Finance Electronic Transfer Tax Application through the use of web service technology.
January 18, 2007First American Title Insurance Company announced yesterday that it has completed the development of a new program that delivers insured title commitments in less than a minute. The new program, TitleSmart™, gives lenders an advantage in pursuing refinance loan business. TitleSmart™ gives Lenders immediate access to title information in its entirety, like ownership, tax, lien, title conditions, and closing fee information—making it possible to consult borrowers more efficiently and close more loans.
January 17, 2007As organizations adopt electronic signatures, a question of whether the strength of the evidence being created is sufficient remains. We have all seen simple solutions on the Web where consumers sign by clicking an "I Agree" or "I Hereby Sign" button. These solutions are easy to build and easy to use. But will an "I Agree" button stand up as evidence in court?
January 17, 2007Lenders Advantage, a Division of First American Title Insurance Company has finished development of TitleSmart™—a new technology that delivers insured title commitments in less than 60 seconds.
January 17, 2007TSS Software Corporation announced that Barristers Land Abstract Company, a subsidiary of Howard Hanna Real Estate Services, the 5th largest full-service real estate company in the United States, has selected TitleExpress title and settlement system as its production platform.
January 16, 2007LandAmerica Financial Group, Inc. has named Todd F. Miller Senior Vice President - General Auditor. Miller oversees fulfilling the company's auditing responsibilities to its Board of Directors, shareholders, and management. He advises management in identifying, evaluating, and minimizing areas of risk to the company and its customers.
January 10, 2007SANTA ANA, Calif., -- First American Title Insurance Company has acquired Complete Title Services, LLC located in Brainerd, Minn. Terms of the transaction were not disclosed.
IDSoftware Selected by First American Title Insurance Company of Louisiana to Provide Identification Solution for Louisiana Road Home Program
January 10, 2007IDSoftware has been selected by First American Title Insurance Company of Louisiana to participate in The Road Home program. The Road Home program was created by Governor Kathleen Babineaux Blanco and the State of Louisiana to provide up to $150,000 to eligible homeowners whose primary residences were destroyed or severely damaged following Hurricane Katrina or Rita.
January 10, 2007Cost, service and reduced turn-time are key benefits of going paperless.
National Notary Association Earns Educational Accreditation -- Recognized By U.S. Department Of Education
January 9, 2007
January 9, 2007Stewart REI Group Inc. has sold its subsidiary, GlobeXplorer, to DigitalGlobe. Terms of the sale, which includes cash and stock, were not disclosed.
January 9, 2007Lenders First Choice a provider of settlement services and title insurance, expanded its presence in the settlement services and title insurance marketplace in 2006 by adding new services and key executives.
January 5, 2007First American Stock Option Investigation Determines Backdating Amounted to $35.7 Million
January 4, 2007Stewart Title has acquired Border Title Group of Laredo, Texas. Existing management and staff will remain with the office, and former owner and chief executive officer, Evan Quiros, will assume the role of president at the newly named Stewart Border Title, LLC, which will continue to do business as Border Title Group.
January 3, 2007LandAmerica Financial Group, Inc. has named Andrew S. Brownstein Senior Vice President - International Operations Manager. Brownstein will oversee all operations of LandAmerica Financial Group outside the United States from his base in Glen Allen, Virginia.
January 2, 2007Old Republic National Title Holding Company (ORNTHC) has acquired Elyria Land Title Agency, Ltd., Elyria, Ohio. The Agency provides title insurance and closing services in eight Northern Ohio counties.