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December 31, 2013The second pillar of ALTA’s “Title Insurance and Settlement Company Best Practices” encourages title professionals to adopt and maintain appropriate written procedures and controls for escrow trust accounts allowing for electronic verification of reconciliation. Read on for advice on how to get started documenting policies and procedures for escrow trust accounts.
December 31, 2013While the majority of title professionals across the country already follow ALTA’s “Title Insurance and Settlement Company Best Practices,” a good number of those agents have not formalized and documented their practices. It is essential title professionals assess their operations now in order to understand what areas, if any, need addressed regarding implementation of the “Title Insurance and Settlement Company Best Practices.” ALTA has developed the TitleNews Best Practices Toolkit, which compiles helpful information every Thursday, to help members organize efforts to meet the Best Practices.
December 31, 2013ALTA is pleased to unveil its Title Insurance Education e-Kit to help members educate consumers, real estate agents, lenders, the media and others about the importance of title insurance.
December 31, 2013Implementation of ALTA's “Title Insurance and Settlement Company Best Practices” can help title professionals meet new market demands by proving regulatory compliance and that funds and information are being protected, which could help capture increased market share.
December 31, 2013The court based its decision on the fact that the title company declined the bank’s recommendation to use Dual Control, which mandated that two individuals use separate user IDs and passwords to complete an electronic wire transfer. Read on for details.
December 31, 2013A bipartisan bill introduced today would wind down Fannie Mae and Freddie Mac over five year. The proposed legislation spells out conditions for eligible mortgages, including the requirement of title insurance.
December 31, 2013The National Title Professional Designation program can help members demonstrate knowledge, experience and dedication to the land title industry. Read on to learn how you can begin the process toward receiving your designation.
December 31, 2013There are three main provisions of the Affordable Care Act that ALTA member companies should know about. Depending on whether you’re a small or large employer, different provisions of the Affordable Care Act may apply.
December 24, 2013Today’s review of a federal appellate court ruling on exclusions in errors and omissions policies was provided by Cheryl Cowherd, senior underwriting counsel for Agents National Title Insurance Co. Read on to learn why it’s important to understand the details of your E&O policy, including the conditions and exclusions and whether or not it is a claims-made policy.
December 24, 2013With 2013 almost over, it's time to focus on 2014 and get the year started off right. According to the suggested by the Small Business Administration, here are some actions to take now or in early January that will help you optimize your tax and financial results for the coming year.
December 24, 2013ALTA member Tim Evans, who is president of Tipp City, Ohio-based Evans Title Agency, was recently named Citizen of the Year by the Tipp City Area Chamber of Commerce.
December 24, 2013The new entity will be called Title Alliance of Maine LLC and will open Feb. 1.
December 24, 2013The new counties now offering e-recording in the Hoosier State include Harrison, Perry, Porter and Wabash.
December 24, 2013The alignment focuses on growth, operational synergies and continued market leadership in an effort to leverage relationships across the company to provide a consistent experience to our customers.
December 24, 2013The National Association of Insurance Commissioners (NAIC) elected its 2014 officers during its 2013 Fall Meeting, which was held Dec. 15-18 in Washington, D.C. The newly elected officers will assume their duties on Jan. 1, 2014.
December 24, 2013Sharon Grannis brings almost 30 years of operational leadership and sales and marketing experience in the title and escrow arenas.
December 24, 2013Research shows that giving back is important to small business. In fact, 89 percent of entrepreneurs donate money, both personally and through their companies, according to a study by Ernst & Young and the Fidelity Charitable Gift Fund. On top of working countless hours making sure deals are completed on schedule during the holiday season, many ALTA member companies are among the businesses that also find time to give back to their communities and help those in need.
ALTA Members Can Take Advantage of Exclusive Access to Best Practices Assessment Preparation Workbooks
December 19, 2013ALTA has created a Best Practices Assessment Preparation Workbook that members can use to examine adoption of ALTA’s “Title Insurance and Settlement Company Best Practices” and measure if a company is prepared to undergo an assessment. Read on for details.
December 19, 2013Check out recordings of previous webinars addressing different pillars of ALTA's "Title Insurance and Settlement Company Best Practices," which provide guidance on how to implement policies and procedures.
December 19, 2013ALTA member-company Lincoln Abstract Settlement Services working to become certified to ALTA’s "Best Practices" and assist lenders with their responsibilities of third-party vendor management.
December 17, 2013Although the proposed rule provided estimates of costs for creditors, the CFPB now includes the approximately $340 million in costs for settlement agents. Read on for more details on projected costs to implement the CFPB’s final rule to integrate mortgage disclosures required by the Real Estate Settlement Procedures Act and Truth-in-Lending Act.
December 17, 2013Register for ALTA's next free, 30-minute Title Topics webinar from 2:00 to 2:30 p.m. ET, Wednesday, Dec. 18 as Michael Curcio of Benefits Inc. will provide information about the Affordable Care Act to help you make decisions about providing health insurance for your employees or obtaining coverage for yourself. The webinar will address how the act impacts companies of various sizes, the importance of understanding "common ownership" structures when counting employees, the marketplaces and important dates, employer responsibility and penalties.
December 17, 2013Today’s review of a Maryland Court of Appeals ruling on restrictive covenants was provided by Sally Presler McCash, an attorney at the law firm Joseph Greenwald & Laake. Read on to learn why this case is important to the title industry and whether the cemetery in the middle of your subdivision may have to remain.
December 17, 2013Daniel Wallace, who grew GulfAtlantic to 22 offices and more than 130 employees before selling to Lawyers Title Insurance Corp. in 1994, plans to open NewCastle Title Services in January.
December 17, 2013Benjamin Lincoln joins an already strong and effective government affairs team at ALTA and will focus on building and growing relationships between members of Congress and ALTA.
December 17, 2013The professional designation was received by Jeffrey S. Wolff of Fidelity National Title Group in Fort Collins, Colorado; Charlene M. Ostroski CLTP of the Pennsylvania Land Title Association in King of Prussia, Pennsylvania; Cara L. Detring of Preferred Land Title in Farmington, Missouri; Roberta Schneider CLTP of Fidelity National Title Group in Columbia, Maryland; Chuck Sheffield of AmeriTitle in Bend, Oregon; and Linda Stelle of AmeriTitle in Bend, Oregon.
December 17, 2013This integration enables WFG's agents to quickly and seamlessly generate closing protection letters without ever having to leave their title software and process flow management system, ResWare said in a release.
December 17, 2013From addressing how to prepare your operation for the new disclosures to discussing implementation of ALTA’s Title Insurance and Settlement Company Best Practices, ALTA's conferences will offer the latest information you need to succeed in the market place. Deadline to take advantage of the savings is Dec. 31.
December 12, 2013In this role, Sandra Pfeiffer is charged with creating audit programs, protocols and internal controls designed to test and maintain the company’s operational soundness.
December 12, 2013Real Estate Data Shield has formed a partnership with Security Compliance Associates to offer on-site security assessments and certification to the third pillar of ALTA’s Title Insurance and Settlement Company Best Practices.
December 10, 2013The Forms approved by the ALTA Board of Governors on Oct. 10 have passed through the comment period and have been published in final at the ALTA website.
December 10, 2013First American Professional Real Estate Services, provider of real estate transaction-based products and services, on Dec. 6 announced it acquired TSS Software Corp., a provider of technology solutions provider to the title and settlement services industry.
December 10, 2013Title companies must continuously gauge order counts and maintain the appropriate number of employees to handle fluctuating volumes and maximize profits. Because employee costs are such a dominant portion of an agency’s expense, hiring the right people is vital. Read on for tips on how to fill your recruiting pipeline with qualified candidates to help make the hiring process fluid when ready to increase headcount.
December 10, 2013In October, the Supreme Court agreed to review Marvin M. Brandt Revocable Trust v. United States to determine if the United States held an implied reversionary interest in rights-of-way created by the General Railroad Right of Way Act in 1875. ALTA, along with Cato Institute, the American Farm Bureau Federation, the National Cattlemen’s Beef Association, the Public Lands Council and a group of prominent real estate law professors argue that the Tenth Circuit's holding that the government holds an "implied reversionary interest” in the right-of-way land is contrary to other court rulings and well-established principles of property law, and would unsettle title to millions of acres of land throughout the nation.
December 10, 2013Edmond Browne Jr., 66, who entered the title insurance industry in 1992 when he was named ALTA’s general counsel, died Nov. 18, 2013. He joined CATIC as general counsel in 1997 and served in that role the past 16 years.
December 10, 2013North American Title Insurance Co. (NATIC) recently named Scott Anthony Peterson as state agency manager in its Mid Atlantic region, while Michael Rubin was named state agency manager for Illinois, Minnesota and Wisconsin.
December 10, 2013Liberty Title Agency and Title Source were among the top companies and organizations honored as being among the top Michigan workplaces in 2013 by the Detroit Free Press.
December 10, 2013The ratings firm said it believes the industry's performance will be similar levels over the next 12 to 18 months. Fitch expects declining title orders to lead to a modest decline in operating revenues next year.
December 10, 2013The Registry of Deeds office in Merrimack County, N.H., recently selected the Landmark system from Pioneer Technology Group (PTG) to upgrade its recording technology.
December 10, 2013The comment period was extended to Jan. 17 in light of the release of the Consumer Financial Protection Bureau’s final rule for integrated mortgage disclosures rule.
December 5, 2013Cloud-based systems may be a strategic option for title companies to meet regulatory compliance, as well as security, disaster recovery and financial needs.
December 3, 2013The U.S. Appeals Court for the Sixth Circuit on Nov. 26 issued a much-anticipated opinion in a lawsuit accusing two real estate companies of setting up sham title companies in order to receive kickbacks. Read on to learn what the court said about HUD's 10-point affiliated business test.
December 3, 2013The new requirements will, among other things, facilitate timely and consistent claims processing, according to the Federal Housing Finance Agency.
December 3, 2013According to ALTA’s 2013 Third-Quarter Market Share Analysis, the title insurance industry generated $3.4 billion in title insurance premiums during the third quarter of 2013 compared to $3 billion during the third quarter of 2012.
December 3, 2013Today’s review of a recent Montana case concerning an insurer’s obligation to search the public records was provided by Lance Pomerantz, a sole practitioner in New York. Read on to learn why this case is important to the title industry.
December 3, 2013AtClose, a provider of appraisal, title and settlement solution for the title industry, can now generate shipping labels for UPS shipments without the need to re-enter addresses.
December 3, 2013Brenda Olson and Chancey White will lead the national sales effort for the company's national commercial services group.
December 3, 2013The amount insured exceeded more than EUR 400 million (about $544 million) making this a landmark deal for a retail shopping center in Poland.
December 3, 2013MortgageDocs, a national signing service company, recently completed integration with Adeptive Software's ResWare platform, allowing clients to order notary services directly through the ResWare system.
November 26, 2013Bismarck, N.D.-based North Dakota Guaranty & Title Co. promoted Andrew Engelman to vice president of the commercial services unit.
November 26, 2013Today’s review of the New York Court of Appeals decision on duty to defend was provided by Debra Smith, associate general counsel for Madison Title Agency. Read on to learn why this case is important to the title industry.
November 26, 2013Title Financial Corporation's acquisition of Jackson Hole Title & Escrow marks the company's their purchase in the past year and a half.
November 26, 2013The Federal Housing Finance Agency announced that the 2014 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will remain at $417,000 for one-unit properties in most areas of the country.
November 26, 2013Virginia’s State Corporation Commission has set a hearing for Feb. 4, 2014 to consider liquidation of Southern Title Insurance Corp.
November 26, 2013Two federal judges in the Western District of Washington ruled that no valid claims existed in two cases against MERSCORP Holdings Inc., while three consolidated actions involving recording fees were dismissed.
November 26, 2013Illinois-based Metropolitan Title Agency is opening a second office in Byron, Ill., and adding three new key team members.
November 26, 2013The annual award honors women who are powering the U.S. housing economy.
November 26, 2013After settling with a company in 2011 for preying on unsuspecting new property owners, the Washington State Attorney General's Office has filed a Consumer Protection Act lawsuit against a California-based Local Records Office offering to sell copies of deeds for $89.
November 21, 2013While the Consumer Financial Protection Bureau does not have statutory authority to enforce industry best practices, CFPB Director Richard Cordray said the Bureau encourages business to promote policies that protect consumers. Read on for ALTA reaction.
November 21, 2013Exclusive to ALTA members, the Assessment Preparation Workbook is a tool to help companies prepare for a Best Practice Assessment. After it's completed, the Workbook generates a report identifying any areas that need addressed. To aid implementation, ALTA has created a Workbook for each pillar of the Best Practices.
November 21, 2013The standard assessment procedures can be used by title professionals to help lenders decide if a service provider meets different pillars of the Best Practices.
November 21, 2013The provider of security, compliance and cloud technology systems for the land title industry recently hired Danealle Marshall as a strategic account manager.
November 19, 2013ALTA is accepting presentation proposals through Friday for its 2013 Business Strategies Conference, which will be held March 12-14 at the Omni in Nashville, Tenn.
November 19, 2013Michelle Korsmo, ALTA’s chief executive officer, will testify Wednesday during a field hearing in Boston as the Consumer Financial Protection Bureau addresses its “Know Before You Owe” project.
November 19, 2013Set to mark 160 years in business, Wisconsin-based Knight Barry Title Group continues to expand its geographic footprint and now has 31 offices in four states.
November 19, 2013Quicken Loans ranked highest in primary mortgage origination satisfaction for a fourth consecutive year, according to the J.D. Power 2013 U.S. Primary Mortgage Origination Satisfaction Study, which also found that the use of electronic documents improves customers’ experience at closing.
November 19, 2013Title companies, banks, attorneys, and other document submitters may begin submitting documents for e-recording in New York City through Simplifile’s online service.
November 19, 2013Jefferson "Jeff" Howeth brings 20 years of experience in real estate and corporate law to this position, in addition to experience in securities, finance, and executive management of legal and compliance functions of title insurance underwriters and agencies.
November 19, 2013Capital Land Settlements, a multi-state title insurance and settlement company, increased its footprint in Florida by opening a new Miami office and adding title insurance veteran Tony Clymer.
November 19, 2013reQuire LLC, a provider of online release tracking and reporting, announced that Amy Plew has joined the company as chief operating officer.
November 19, 2013The Closing Agent, which is associated with Barry Miller Law, recently acquired Title America of Central Florida.
November 19, 2013The Texas Society of Association Executives honored Leslie Midgley, executive vice president and CEO of the Texas Land Title Association, with the Distinguished Executive Award.
November 14, 2013choworx OneWorld email encryption provides the ability to associate rules with the content of outbound email to help protect organizations from liabilities associated with privacy and data security regulations.
November 14, 2013Entrust Solutions, a title insurance servicing company, is launching a centralized disbursing program to serve as a single source for handling funds, while preserving the title agents' role of facilitating and handling the real estate transaction.
November 12, 2013The Consumer Financial Protection Bureau filed a second amicus brief in Edwards v. First American, which was addresses if consumers can bring class action lawsuits under the Real Estate Settlement Procedures Act even if they never suffered some actual injury.
November 12, 2013Members of the Title Action Network are making a difference connecting with federal and state legislators and regulators. Read on.
November 12, 2013The Bureau has asked a federal district court to approve a consent order that would provide more than $9 million in restitution for consumers and obtain $4 million in civil money penalties against Castle & Cooke and two of its officers for allegedly paying loan officers illegal bonuses.
November 12, 2013Peter Birnbaum, president and CEO of Attorneys’ Title Guaranty Fund Inc., has been designated one of IIT Chicago-Kent College of Law’s 125 Alumni of Distinction for his outstanding professional and community service achievements.
November 12, 2013Toll Brothers Inc. has entered into a definitive purchase agreement to acquire the home building business of Shapell Industries in a stock acquisition for approximately $1.60 billion in cash.
November 12, 2013Signature Information Solutions LLC, a private, public-record research company, supports findings of a recent Pennsylvania Land Title Association study indicating professionals involved in real estate transactions in Pennsylvania want a change to the current property tax clearance process.
November 12, 2013This new team will be led by Ken Phillips, who has been named Stewart's senior vice president of homebuilder and developer sales.
November 12, 2013Christian Lasher will be responsible for expanding the company’s agency client base in Arizona and Colorado, while Meg Mullaney will oversee business growth in New Jersey and Pennsylvania.
November 7, 2013Adeptive Software, the makers of ResWare, has partnered with Cloudstar,to help title agents protect non-public personal information by providing secure access to ResWare in the cloud.
November 7, 2013ALTA leadership, in conjunction with state land title associations, is hosting several presentations across the country to explain the Best Practices and provide information on what title professionals should be doing now to adopt pillars of the standards they may not be following. Find out if there's one in your area.
November 5, 2013The Nov. 20 field hearing in Boston will feature remarks from CFPB Director Richard Cordray on the Bureau’s efforts to combine overlapping federal disclosure forms required by the Truth in Lending Act and Real Estate Settlement Procedures Act. A new Closing Disclosure will replace the HUD-1 and revised TIL disclosure, while a Loan Estimate will replace the GFE and early TIL.
November 5, 2013Starting Jan. 10, 2014, lenders must assess borrowers' ability to repay for virtually all closed-end residential mortgage loans. Check out this helpful document provided by the Consumer Financial Protection Bureau that simplifies some of the key components of the rule.
November 5, 2013SoftPro, a provider of title, closing and escrow software, announced that its SoftPro 360 business exchange platform has reached its one millionth transaction.
November 5, 2013Chapel Hill, N.C.-based Investors Title Co. reported net income increased 75 percent during the third quarter of 2013 when compared with the prior year quarter.
November 5, 2013Title companies must continuously gauge order counts and maintain the appropriate number of employees to handle fluctuating volumes and maximize profits. Because employee costs are such a dominant portion of an agency's expense, hiring the right people is vital. Read on for advice on how to make the improve your hiring process.
November 5, 2013The OCC Mortgage Metrics Report for the Second Quarter of 2013 indicates that the strengthening economic conditions, servicing transfers, home retention efforts and home forfeiture actions contributed to improved performance of home mortgages in the second quarter of 2013.
November 5, 2013Dozens of federal tax breaks are scheduled to end on December 31 unless Congress extends them, so business owners should explore expiring rules and take advantage of them while they can. Read on for some expiring breaks that ALTA members may be able to utilize.
November 5, 2013Thanking all the companies that supported the association, Pittsburgh-based Title Appraisal Vendor Management Association attributed the closure to the financial crisis and industry consolidation.
October 29, 2013According to Shawn Briner, a shareholder of the law firm Martin Leigh Laws & Fritzlen, this case confirms that title insurance does not protect against all of the sundry pitfalls that can arise when loaning money. Read on to learn more on why this decision is important to the title industry.
October 29, 2013Fidelity National Financial reported its title group posted pretax earnings of $221 million compared to $209 million during same period a year ago.
October 29, 2013First American Financial reported its title insurance and services segment posted a pretax margin of 10.3 percent during the third quarter of 2013.
October 29, 2013Old Republic International reported its title insurance group posted pretax income of $36.6 million, up from $21.7 million during the same period a year ago.
October 29, 2013Stewart Information Services Corp. reported pretax earnings of $29.6 million during the third quarter of 2013 compared to $39.4 million during the third quarter of 2012.
October 29, 2013During the Annual Convention, ALTA unveiled new “Keep Calm and Love Title” shirts to commemorate National Breast Cancer Awareness Month. The shirts cost $20 each, with a portion of the proceeds donated to Susan G. Komen foundation. You can purchase the shirts in the ALTA Store.
October 29, 2013The ALTA Board of Governors approved recommendations to adopt eight new endorsements and revisions to two policy forms during a meeting on Oct. 10. The forms are currently in an industry comment period that ends Nov. 22.
October 29, 2013Title insurers reported significant growth in title premiums and surplus in 2012 taking advantage of improved market conditions and years of expense reductions, while continuing to strengthen balance sheets, A.M. Best reported.
October 29, 2013The "Models of eRecording" white paper examines the evolving nature and definition of the characteristics of land record documents submitted for electronic recording, which were initially defined and characterized by Carl Ernst in 2000.
October 29, 2013With the addition of Smyth County, Virginia now has 10 e-recording jurisdictions, joining more than 960 additional counties across the nation that have implemented this service.
October 29, 2013Westcor Land Title Insurance Co. will move from its current headquarters in Winter Park, Fla., to a larger facility in Maitland, Fla., to accommodate continued growth.
October 29, 2013This guide was created to provide business users and technical users general information about the MISMO Version 3 Reference Model, the Logical Data Dictionary and the XML Schema.
October 28, 2013
October 28, 2013
October 24, 2013Under the agreement, FNTG agents can take advantage of discounted rates for DataMotion SecureMail, SecureMail Gateway, and SecureContact encryption services.
October 24, 2013TitleOne reported it has successfully completed an independent audit for statement on Standards for Attestation Engagements No. 16, which addresses availability, customer support, change management, database security, data backup, systems availability, monitoring of network security and Logical Access Network.
October 22, 2013The U.S. District Court for the Southern District of Florida ruled that the defendant’s debt to the title company could not be discharged by filing for bankruptcy because the debt was obtained by false representation. Read on for details.
October 22, 2013A program designed to protect victims of domestic violence, sexual assault or stalking is causing unintended consequences for the title insurance industry that could lead to unmarketable titles in Minnesota. Read on for details on how the Minnesota Land Title Association and the Minnesota State Bar Association are working with the state’s Secretary of State to discuss implementation of the legislation and how application of this statute to the real estate records should be handled.
October 22, 2013An insurer has asked the Indiana Supreme Court to hear a case addressing results of a market conduct exam conducted in the Hoosier State.
October 22, 2013Register for ALTA's next Title Topics webinar from 2:00 to 2:30 p.m. ET, Wednesday Oct. 23 as we help you understand the facts of the Affordable Care Act so you can make informed decisions about providing health insurance for your employees or obtaining coverage for yourself.
October 22, 2013Fidelity, First American, Old Republic and Stewart all plan to release financial results for the third-quarter of 2013 this week.
October 22, 2013Most recently, Jeffrey Thompson served as counsel at Liff & Walsh LLP/ Eagle Title LLC.
October 22, 2013Attorneys Title Guaranty Fund (ATGF) announced a new initiative with expanded title researching capabilities to all 64 counties in Colorado. The service is provided by Mile High Title Research and delivered via ATGF’s Electronic Policy Issuance Capability platform.
October 22, 2013Hudson United Mortgage, Title & Insurance recently announced plans to enter the New Jersey market offering mortgage, title and insurance services.
October 22, 2013The Mortgage Bankers Association reported that Michael Fratantoni will succeed Jay Brinkmann as the association's chief economist effective Feb. 1, 2014.
October 21, 2013
October 15, 2013During a general session at ALTA’s 2013 Annual Convention, Rich Horn of the Consumer Financial Protection Bureau, Ben Olson of the law firm Buckley Sandler and Leslie Wyatt of SoftPro reviewed the proposal and explained how it could impact title and settlement company operations, and relationships with lender clients and consumers. Read on for details.
October 15, 2013Taking the stage to the U2 song “It’s a Beautiful Day,” new ALTA President Rob Chapman provided an overview of his vision for the Association in the coming year during the closing general session at ALTA’s 2013 Annual Convention.
October 15, 2013During the Saturday general session at ALTA’s 2013 Annual Convention, Jeff Noel of the Disney Institute offered strategies on how messages should be crafted so employees will not only listen but hear what you are saying. Attendees learned how Disney’s comprehensive training process keeps it positioned to maintain a competitive edge and how its effective organizational communication reinforces the company’s culture.
October 15, 2013The Consumer Financial Protection Bureau released a bulletin and interim final rule on Oct. 15 to provide greater clarity to the market concerning mortgage servicing rules that take effect in January 2014.
October 15, 2013The solutions provider for the land title industry also made several executive announcements, including the addition of Ronnie Howell as vice president of internet services, the hiring of Tamara Westbrook as senior director of customer operations and the promotion of Erin McAnally to vice president of marketing.
October 15, 2013The usiness Strategies Conference will be held in Nashville, Tenn., and the Federal Conference and Lobby Day will take place in Washington, D.C., while the Annual Convention will move to Seattle, Wash.
October 15, 2013Lisa Donahue will head up the Ernst Publishing’s reseller division, along with working with title and settlement companies across the country.
October 15, 2013TitleQuest, a provider of real estate closing services throughout Virginia, has now partnered with Pioneer Technology Group to provide a "green" solution for buyers, sellers and borrowers that protects and preserves important documents, providing both safekeeping and secure access in the future.
October 15, 2013The partnership allows users of ResWare to post signing requests to Skye Closings in an automated fashion.
October 10, 2013During Thursday's general session, President Frank Pellegrini and ALTA CEO Michelle Korsmo talked about new developments impacting the industry—including Best Practices and the CFPB’s integrated mortgage disclosures—and discussed why proper implementation of policies and procedures is just as important as the development. Meanwhile, Tommy Spaulding, a world-renowned speaker on leadership who is the former president and CEO of Up with People, talked about how building genuine and authentic relationships will maximize the success in business and life.
October 10, 2013After taking the stage to Chicago’s song “Feelin’ Stronger Every Day,” ALTA President Frank Pellegrini offered several anecdotes on the industry’s importance as well as why ALTA and the industry is poised for success to more than 850 in attendance at ALTA’s 2013 Annual Convention at The Breakers in Palm Beach, Fla.
October 10, 2013ALTA Chief Executive Officer Michelle Korsmo opened the first general session of the 2013 Annual Convention at The Breakers in Palm Beach, Fla., sharing how the Association has focused on developing tools to help ensure members have tools to help turn market challenges into opportunities.
October 10, 2013Tommy Spaulding, a world-renowned speaker on leadership, provided an inspiring discussion on why building genuine and authentic relationships will maximize the success of your company and your personal life during the Thursday general session at ALTA’s 2013 Annual Convention.
October 10, 2013ALTA announced during its 2013 Annual Convention that in November it will unveil a digital version of its award-winning magazine TitleNews.
October 10, 2013Earlier this year, ALTA reported record membership for a fourth consecutive year with membership now totaling 4,738 member companies.
October 10, 2013The professional designation was received by Tim Evans of Evans Title Agency in Tipp City, Ohio; Linda Grahovec of Fidelity National Title Group in Carol Stream, Ill.; John (Jack) Robichaux of Ironclad Title in Lake Charles, La.; and Alma Rushing of Orange Coast Title Company in Santa Ana, Calif.
October 10, 2013ALTA past president Greg Kosin, president of Greater Illinois Title Company, was recently honored at the 130th Annual Inaugural of the Chicago Association of Realtors as the 2013 Affiliate of the Year.
October 10, 2013ClosingCorp, a provider of residential real estate closing cost data and technologies for mortgage lenders, real estate professionals and consumers, has named Brian Benson the company’s new chief executive officer.
October 10, 2013The premier grassroots organization promoting the value of the land title industry has more than 5,000 members with representation in 50 states and 36 state association partners.
October 10, 2013RynohLive announced that it has now protected more than one million closings with its patented escrow and financial management system.
October 10, 2013Alan Fields has joined WFG National Title Insurance Co. as national agency counsel and will provide underwriting and legal resource for the company’s national title agencies. He will also contribute to the WFG National Title national and Florida underwriting teams.
October 10, 2013Mark Bennett, the director of the Ohio Land Title Association, was recently named a recipient of the inaugural Forty Under 40 Awards sponsored by the Association Forum of Chicagoland and USAE magazine.
October 9, 2013Attending ALTA’s 2013 Annual Convention but want others in your office to be part of the discussion? Can’t make it to the convention but can’t afford to miss out on the great information? Join our Virtual Conference or invite others to participate as ALTA will provide live video from the general sessions. You can watch all of the general session speakers and activities live at livestream.com/ALTAonline on your computer or mobile device.
October 8, 2013Old Republic National Title Insurance Co. (ORNTIC) announced that Michael B. Skalka was recently named executive vice president, as well as manager of national commercial underwriting and business development.
October 8, 2013Lenders have been contending with a raft of regulatory changes due to the Dodd-Frank Act, but they are starting to focus on ways to reduce risk at the settlement table. This means they will be knocking on your door to learn the policies and procedures you follow to reduce risk, protect funds and ensure non-public personal information is safeguarded. Title professionals attending ALTA’s 2013 Annual Convention at The Breakers in Palm Beach, Fla., this week will receive a bounty of information to properly implement written policies and procedures for Best Practices.
October 8, 2013With home prices and household formations rising and household balance sheets healing, the ongoing housing recovery is expected to gain momentum next year even as several challenges remain, according to economists who participated in the National Association of Home Builders (NAHB) Fall 2013 Construction Forecast Webinar.
October 8, 2013Title Industry Assurance Company has provided long-term stability for title professionals in a fluid E&O market.
October 8, 2013If the United States fails to raise the nation’s debt ceiling and defaults on its bills the potential impact could be catastrophic causing credit markets to potentially freeze, the value of the dollar could possibly plummet and U.S. interest rates could skyrocket, the Treasury said a report.
October 8, 2013According to the company, it offers title and settlement agents a comprehensive package of solutions and tools that enable agents to demonstrate their safeguard and protection of escrow funds, client data and the documents containing non-public personal information.
October 8, 2013All attendees of the ALTA Conference are invited to participate in this worthy cause, by donating their time to help assemble a variety of children’s bikes.
October 3, 2013Exclusive to ALTA members, the Assessment Preparation Workbook is a tool to help members examine adoption of ALTA’s “Title Insurance and Settlement Company Best Practices” and measure if a company is prepared to undergo an assessment. After it's completed, the Workbook generates a report identifying any areas that need addressed. A Workbook has been provided for each Best Practice. Today, ALTA is releasing a Workbook for Best Practices pillar No. 3, which addresses protecting non-public personal information.
October 3, 2013Attend the 2013 Annual Convention and attend some of the nine sessions we have dedicated to focus on Best Practices to educate you on policies and procedures you should have in place to ensure lender business keeps flowing your way.
October 1, 2013Spending authority for most of the government expired at midnight Sept. 30 after Congress failed to approve a Continuing Resolution to provide funds for most government operations. Until legislation providing for funding is signed into law, there will be some impact on federal housing and mortgage programs that will impact business of ALTA members. During the shutdown, FHA will endorse new loans in the Single Family Mortgage Loan Program, but will not make new commitments in the Multi-family Program during the shutdown. Read on for details on other federal agencies and programs.
October 1, 2013Fannie Mae is looking to expand its existing supplier capacity for title, closing and settlement services on single-family real estate owned properties in Florida, Georgia, Illinois, New Mexico and New York.
October 1, 2013Commercial and multifamily mortgage originations were seven percent higher than during the second quarter last year, according to the Mortgage Banker Association’s second quarter 2013 Commercial Real Estate/Multifamily Finance Quarterly Data Book.
October 1, 2013Westcor Land Title Insurance Co. announced the addition of NolaAnn Waggoner as Texas underwriting counsel.
October 1, 2013ALTA awarded a National Title Professional designation to Nancy Landmark, the commercial underwriting counsel at Minneapolis-based Commercial Partners Title.
October 1, 2013The integration allows ResWare customers to electronically order release tracking, which helps the user track paid-off liens at the time of closing.
October 1, 2013MortgageDocs, a national mobile notary signing service, announced the launch of its new proprietary software platform, myMortgageDocs, a signing management platform for notaries, lenders, title and escrow companies.
October 1, 2013This integration enables streamlined digital delivery of RedVision products through the TrackerPro software.
October 1, 2013The U.S. Department of Housing and Urban Development removed language from a mortgage letter issued in July that would have prevented dual agency agreements in FHA pre-foreclosure transactions.
September 26, 2013NextDeal, a developer of software as a service (SaaS) solutions for title insurance companies, successfully completed its SOC 2 Type I audit over the Security and Availability Trust Services Principles. This report was performed specifically for NextDeal's DigitalDocs Hosting and Automated Marketing System.
September 24, 2013The mortgage information collected under the Home Mortgage Disclosure Act provides data on the number of mortgage applications and originations—in addition to loan purposes and loan types—for 2010 through 2012. It looks specifically at first-lien, owner-occupied, one- to four- family and manufactured homes.
September 24, 2013ALTA awarded a National Title Professional designation to Eric Schneider of Lakeside Title Company in Columbia, Md.
September 24, 2013Read on for tips from the Small Business Administration on how to set up a workable accounts payable system that will scale with your business and help you get a better grip on cash flow and other financial reports.
September 24, 2013Landmark Title Assurance Agency, a member of the Title Security family of companies, recently appointed Vicki Etherton as president.
September 24, 2013The Financial Crimes Enforcement Network announced the assessment of a $37.5 million civil money penalty against TD Bank for failure to file suspicious activity reports related to the massive Ponzi scheme orchestrated by Florida attorney Scott Rothstein.
September 24, 2013Rodney Anderson, senior vice president and Texas agency manager for Alliant National Title Insurance Co., served previously in the Texas House and received the Texas Land Title Association’s Outstanding Freshman Legislator Award for his work as a representative.
September 24, 2013Joel Holstad, president of National Title Resources based in Minnesota, was appointed by the state’s commissioner of commerce to the Advisory Task Force on uniform conveyancing forms.
September 24, 2013This allows the First American's products to be available through the TitleExpress provider network, RealExpress.
September 24, 2013The integration allows users to search back title (where available) and generate approved First American Closing Protection Letters and Policy Jackets directly from within the Landtech XML Settlement System platform.
September 24, 2013This integration enables ORTIG's agents to generate closing protection letters without leaving their ResWare title software and process flow management system.
September 19, 2013ALTA has created a Best Practices Assessment Preparation Workbook that members can use to examine adoption of ALTA’s “Title Insurance and Settlement Company Best Practices” and measure if a company is prepared to undergo an assessment. Today, ALTA is releasing Workbooks for Best Practices pillars No. 5, which covers title policy production, delivery and reporting, and premium remittance, and No. 6, which addresses professional liability insurance.
September 19, 2013Watch or download a webinar recording to learn why ALTA created the Best Practices, receive information about the updated version of the Best Practices and hear about new tools available to aid implementation, such as the assessment procedures, certification package, workbook and policy-building tool. Participating on the webinar were Frank Pellegrini of Prairie Title, Chris Abbinante of Fidelity National Title Group, Dan Mennenoh of H.B. Wilkinson Title Co., Cynthia Blair of Rogers, Townsend & Thomas and Steve Gottheim, ALTA’s legislative and regulatory counsel.
September 19, 2013With this integration, AtClose users can review escrow and other account activities, establish alert criteria and receive daily and monthly reports, which helps with identifying fraud and ensuring best practices are maintained by their insured.
September 17, 2013Today’s review of the West Virginia Supreme Court’s decision on the meaning of the word “surface” when dealing with mineral rights was provided by Stephen Gregory of the law firm Steptoe & Johnson. While this is a state-specific case, read on to learn why it’s important for agents to familiarize themselves with state law.
September 17, 2013Grant E. Mitchell spent 34 years with HUD and as the senior attorney for RESPA wrote numerous regulations, statements of policy and interpretive letters earning the nickname “Mr. RESPA” as his analysis of the regulation impacted every segment of the residential mortgage and settlement services industry.
Myth vs. Fact: Business Owners Will Be Fined If They Don’t Notify Their Employees About the New Health Insurance Marketplace
September 17, 2013As a business owner, it's important to understand how the Affordable Care Act may affect your business. However, with so many misconceptions about how the Affordable Care Act works, this can be difficult. Read on for information from the Small Business Administration as it clarifies some requirements.
September 17, 2013Kelly Romeo, vice president for ALTA, will serve the second year of a two-year term representing the business segment on the Property Records Industry Association's Board of Directors.
September 17, 2013With its initial electronic recorded document, Alamance County, N.C., became the 1,000 recording jurisdiction to enable the e-recording process in the United States.
September 17, 2013Mellissa Mesina-Rowe will be responsible for all facets of Westcor’s technology, including but not limited to information security, development, enhancing infrastructure and overall IT support and operations.
September 17, 2013By integrating SoftPro 360 with WFG National Title’s closing protection letter service, WFG’s agents are able to generate closing protection letters while working in SoftPro, which minimizes having to work across multiple systems and eliminates duplicate data entry.
September 17, 2013Entitle Direct Group Inc., the parent company of EnTitle Insurance Co., appointed John Sheffield as its new chief financial officer and corporate secretary.
September 17, 2013Marking its 10th year providing automated real property data and images, NextAce Corp. announced the national availability of its patented Title EDGE automated title search platform.
September 12, 2013ALTA has created a Best Practices Assessment Preparation Workbook that members can use to examine adoption of ALTA’s “Title Insurance and Settlement Company Best Practices” and measure if a company is prepared to undergo an assessment. Today, ALTA is releasing a Workbooks for Best Practices pillars No. 2, which addresses escrow trust accounts, and No. 4, which addresses pricing and recording.
September 12, 2013RynohLive said the certification signifies that its privacy policies and practices, data collection, data storage and data management have been reviewed for compliance with TRUSTe’s Privacy Certification and TRUSTe Cloud Program Requirements.
September 10, 2013ALTA’s Nominating Committee announced the list of nominations for the 2014 ALTA Board of Governors, as well as the Abstracters and Title Insurance Agents Executive Committee and the Title Insurance Underwriters Executive Committee. Nominations will be voted on during the 2013 Annual Convention at The Breakers in Palm Springs, Fla.
September 10, 2013Northwest Title recently merged with Arrow Title, giving the combined company more than 80 employees, 16 retail locations in seven cities, and the ability to provide residential and commercial title insurance services in Ohio, Michigan, Indiana, West Virginia, Kentucky and Florida.
September 10, 2013Knight Barry Title continued its aggressive expansion strategy with the recent acquisition of Pinnacle Title of Appleton.
September 10, 2013The WFG family of underwriters is now licensed to issue title insurance policies in 44 jurisdictions.
September 10, 2013Boise, Idaho-based TitleOne plans to open a new Coeur d’Alene office in early October and hire 10 to 12 new positions, including escrow and title officers.
September 10, 2013Arizona-based Thomas Title & Escrow was named “Outstanding Agent" for 2012 by First American Title Insurance Co.
September 10, 2013Coast Title Insurance Agency will close its office on Sept. 11 to commemorate the anniversary of the 9/11 attacks through volunteer service.
September 10, 2013eRecording Partners Network (ePN) announced two county offices in Craighead County, Ark., have started accepting electronic recordings.
September 10, 2013The ALTA Board of Governors approved a recommendation to decertify the ALTA Residential Title Insurance Policy during their June 13 meeting, while the Forms Committee announced technical corrections to the ALTA Residential Limited Coverage Junior Loan Policy and the ALTA Limited Pre-Foreclosure Policy.
September 5, 2013ALTA has created a Best Practices Assessment Preparation Workbook that members can use to examine adoption of ALTA’s “Title Insurance and Settlement Company Best Practices” and measure if a company is prepared to undergo an assessment. Today, ALTA is releasing a Workbook for Best Practices No. 7, which addresses consumer complaints. Last week, ALTA released a Workbook for licensing.
September 3, 2013Title insurance premium volume increased 20.6 percent during the second quarter of 2013 when compared to the same period a year ago, according to ALTA's 2013 Second-Quarter Market Share Analysis.
September 3, 2013North American Title Group announced Tom Fischer was named president and chief executive officer to replace Linda Reed, who is retiring at the end of 2013.
September 3, 2013Bruce Hawley was named executive vice president of Stewart’s National Title Services. He will replace Paul Sands, who will retire at the end of the year.
September 3, 2013More real estate firms are offering ancillary settlement services such as title, mortgage and home warranty services, according to a recent survey from Imprev Inc.
September 3, 2013Michelle Korsmo, ALTA’s chief executive officer, said ALTA was pleased that regulators listened to industry and consumer coalitions to modify the QRM rule and eliminate the proposed 20-percent downpayment requirement.
September 3, 2013The professional designation was received by Paula Bachmeier of Minot Guaranty and Escrow Company in Minot, N.D.; Nancy Landmark of Commercial Partners Title in Minneapolis, Minn.; and Gregory Wolff of Fidelity National Title Company in Colorado Springs, Colo.
September 3, 2013Adeptive Software, the developer of ResWare, named Cody Johnson as vice president of sales and also added new engineers and a tester.
September 3, 2013Don’t miss our next Title Topics webinar on September 12 as K&L Gates partner Phil Schulman will provide a RESPA primer and review recent enforcement actions and penalties levied by the Consumer Financial Protection Bureau. You will learn what key elements the Bureau is focused on when examining settlement services providers for RESPA compliance. Get quizzed on some common enforcement scenarios so you can gauge if you will receive a passing grade when federal and state agencies review your company for RESPA compliance.
August 29, 2013Previously called SAS 70, SSAE 16 is an auditing standard developed by the American Institute of Certified Public Accountants that verifies a service organization has been through an in-depth audit of its control objectives and control activities to ensure processing and hosting customer data is done safely and securely.
August 29, 2013Pioneer Technology Group announced a agreement to upgrade the county’s recording system.
August 27, 2013For centuries the allure of gold, oil, and other precious minerals has built cities and sparked countless disputes amongst neighbors and others. Times have not changed. Read on for advice from the Title Industry Assurance Company on how title companies should handle a transaction where mineral rights are reserved or sold at a premium.
August 27, 2013Today’s review of the Washington Supreme Court’s decision on vicarious liability was provided by Edward Hellewell, senior underwriting counsel for Stewart Title Guaranty Co. Read on to learn why this decision may impact the relationship between title insurers and title insurance policy issuing agents in other states.
August 27, 2013In the deal, the Berkshire Hathaway affiliate also obtains the brokerage's title insurance company, Trident Land Transfer Co., which closed nearly 11,500 title and escrow transactions in 2012.
August 27, 2013Carmel, Ind.-based Hamilton National Title LLC recently acquired Landmark Title.
August 27, 2013The counties of Ramsey and Hennepin alleged Minnesota statutes create a mandatory recording obligation that every conveyance must be recorded.
August 27, 2013Michael Holden will be responsible for providing assistance to NATIC’s regional state agency managers, as well as for growing the company’s network of independent agents and assisting the agency network in all aspects of its business.
August 27, 2013Vacancy rates generally are tightening in commercial real estate sectors with modest rent growth, according to the National Association of Realtors quarterly commercial real estate forecast.
August 27, 2013This marks the first decline since the U.S. Treasury Department began tracking fraud in 2002.
August 26, 2013
August 26, 2013
August 26, 2013ALTA expects that regulators will propose a new draft of the Qualified Residential Mortgage (QRM) rule this week that will closely mirror the Qualified Mortgage (QM) rule that came out of the Consumer Financial Protection Bureau (CFPB) earlier this year. The new proposal is expected to drop a 20% downpayment requirement that was included when the rule was first issued in 2011.
August 22, 2013For a limited time, qualified agents of Fidelity National Title Group will have an opportunity to use RynohLive’s escrow trust account software solution that will assist in following ALTA’s “Title Insurance and Settlement Company Best Practices.”
August 22, 2013ALTA has updated its “Title Insurance and Settlement Company Best Practices” and created Assessment Procedures and a Certification Package to help title professionals confirm to lenders the policies and procedures implemented at their companies. Read on for details.
August 20, 2013The decision by the Eleventh Circuit Court of Appeals rules that a title insurance policy did not provide coverage for lack of access to land because the policyholder knew of the defect before purchasing the policy. Read on to learn what title companies should do to ensure these exclusions apply.
August 20, 2013The Affordable Care Act includes new health care reform terms used to describe parts of the law that affect small business. Read on for information from the Small Business Administration.
August 20, 2013The Consumer Financial Protection Bureau said the release offers guidance in advance of bureau examinations regarding the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act.
August 20, 2013Watch or download a recording of ALTA’s latest Title Topics webinar as Cynthia McGovern of Orange Leaf Consulting provided recruiting tips and information on rethinking how the industry can grow and educate its future employees. During the webinar, more than 85 percent of the attendees indicated they were concerned about the industry’s aging workforce. Learn why it’s important for company owners to start thinking about succession plans for when Baby Boomers start retiring.
August 20, 2013First American Title Insurance Company hired Kevin Wall as president of its First American Mortgage Services division.
August 20, 2013William Reetz will be responsible for providing underwriting guidance and operational expertise as NATIC establishes its footprint in the Pacific Northwest region.
August 20, 2013Patrick Hempen was named senior vice president of sales and marketing and will lead the company's team of sales, marketing and support professionals throughout the United States.
August 20, 2013Property Records Education Partners (PREP) will hold its third annual Southern California Chapter conference Wednesday, Sept. 11 in Orange County at the First American campus.
August 15, 2013Join ALTA for a webinar on Thursday, Aug. 22, from 4-5 p.m. ET, to discuss ALTA's "Title Insurance and Settlement Company Best Practices." During the presentation, you will learn why ALTA created the Best Practices, receive information about the updated version of the Best Practices and hear about new tools available to aid implementation, such as the assessment procedures, certification package, workbook and policy-building tool.
August 13, 2013In an effort to standardize the underlying data required by the the Consumer Financial Protection Bureau's proposed Closing Disclosure, Fannie Mae and Freddie Mac have jointly created a new standard dataset. Read on to learn how this effort to improve the quality and accuracy of loan data will impact how you share information with your lenders.
August 13, 2013ALTA membership continues to increase as more and more title and settlement agents realize the many benefits the Association provides. Check out who has recently became a member.
August 13, 2013Title Resource Group recently expanded its Sunbelt Title operations in Florida into Brevard County through the acquisition of Security First Title & Escrow.
August 13, 2013WSFS Financial Corp. announced that its wholly owned subsidiary, Delaware-based WSFS Bank, has entered into a definitive agreement to purchase the assets and operations of a mortgage banking company as well as an abstract and title company.
August 13, 2013The company also launching a new title industry product that encrypts email and documents for safe and simple transmission to consumers.
August 13, 2013Robert Horvat was named senior vice president of Northwest Operations and divisional counsel and will primarily support WFG National Title’s Oregon and Washington title operations.
August 13, 2013ClosingCorp’s SmartGFE Calculator and RamQuest’s Closing Market now provide more property information, loan data and contact details for borrowers, sellers and lenders within each order.
August 13, 2013Don't miss ALTA’s next 30-minute Title Topics webinar, “Recruit to Win: Rethinking the Way We Grow,” as Cynthia McGovern of Orange Leaf Consulting outlines seven key steps for recruiting from within and outside the industry in order to hire talented employees and meet the needs of today's marketplace.
August 8, 2013Clay White will be responsible for regulatory compliance, audits and procedural standards along with assessment of potential risks and opportunities for industry innovation of benefit to Title365 clients.
August 6, 2013Despite dissent from two judges, the Washington’s State Supreme Court on July 1 ruled that insurers are liable for the illegal actions of their agents.
August 6, 2013Sit in any room, at any title company, and go around the table asking each person how long they have been in the title industry. It’s impressive. This kind of tenure is awesome, and it certainly instills a lot of confidence in our abilities from our customer’s perspective. What is going to happen when we all retire? Read on for thoughts on what the title industry should be doing now to recruit and educate the next generation of professionals.
August 6, 2013An improving residential purchase market and strong closings of refinance orders boosted the pretax margin for Fidelity National Financial's title group to 16.5 percent during the latest quarter. This is the group’s best second-quarter pretax margin result since 2003.
August 6, 2013The company reported higher levels of purchase transactions and increases in average home values in many parts of the nation helped the company improve second-quarter income by nearly 20 percent compared to the same period a year ago.
August 6, 2013Entrust Solutions, a title insurance servicing company, is now offering its Nexus Program and centralized disbursing service in the Bayou State.
August 6, 2013Brian Foley will focus on the expansion of Westcor in Pennsylvania and will oversee operational matters concerning the company's agency program in the state.
August 6, 2013RedVision added property data from Benton, Pulaski and Washington counties in Arkansas to its proprietary digital database for public property and related records.
August 6, 2013HomeServices Title and Escrow companies have deployed its 11th installation of SoftPro's closing and title software, SoftPro Select.
August 6, 2013Just a little over a week ago, Chip Lutz recorded the lowest amateur score during the 2013 Senior British Open. Now, the president of Sentry Abstract Company in Pennsylvania looks to win his third-consecutive British Seniors Open Amateur, which begins Wednesday at Royal Aberdeen.
August 1, 2013ALTA has released an updated version of its "Title Insurance and Settlement Company Best Practices” following many conversations with agents, underwriters, lenders, regulators and other stakeholders.
August 1, 2013ALTA has developed a set of Assessment Procedures that can be used by title professionals to help lenders decide if a service provider meets different pillars of the Best Practices.
August 1, 2013ALTA has created a Certification Package that can be used by title professionals to warrant and attest to lenders that they have implemented ALTA’s Best Practices.
July 30, 2013First American Financial Corp. reported its title insurance and services division posted pretax earnings of $73 million during the second quarter of 2013 compared to earnings of $118.4 million during the same quarter a year ago.
July 30, 2013Driven by improving transaction volume and increasing prices, as well as lower title losses, Stewart Information Services Corp. reported second-quarter 2013 pretax income of $48.9 million, an improvement of $17.7 million compared to the same period a year ago.
July 30, 2013Old Republic International Corp. reported its title insurance group generated $40.4 million in pretax earnings during the second quarter of 2013, compared to $22.5 million during the second quarter of 2012.
July 30, 2013North Dakota’s attorney general recently issued an opinion that county recorders may reject documents that do not include a legal description but references a legal description in another instrument already on record.
July 30, 2013ALTA secured three key changes to a GSE reform bill passed out of the House Financial Services Committee on July 24 that protect the land title industry, property rights and consumers.
July 30, 2013Brett Kline will handle residential and commercial underwriting services for independent issuing agencies and local Stewart offices in the Carolinas.
July 30, 2013Thomas Title & Escrow announced that Kevin Hays, executive vice president, and Daniel Reich, senior commercial escrow Office, have joined the company in Dallas.
July 30, 2013Market Intelligence TitleShare is an analytics engine that offers insight into title transaction and lending trends from DataQuick’s property, sale and mortgage information database.
July 30, 2013During the webinars provided by the Small Business Administration, small business owners can learn the basics of the Affordable Care Act and what it means for their company and employees, including insurance reforms, the small business health care tax credit, the new health insurance marketplaces and employer shared responsibility provisions.
July 30, 2013Charlie Harris previously served as associate senior underwriting counsel for Georgia and Dawn Lewallen previously served as associate senior underwriting counsel and state counsel for Georgia.
July 25, 2013A process for receiving and addressing consumer complaints is important to ensure that any instances of poor service or non-compliance do not go undiscovered. Terrie Miller of H.B. Wilkinson Title Company and Alison Gareffa of Old Republic National Title Insurance Company offer standard procedures that should be included when developing a process to resolve consumer complaints.
July 23, 2013The Action Network issued an alert today (July 23) urging members to ask their U.S. Senators to protect specific tax incentives that benefit the land title industry and its customers. Read on to take action.
July 23, 2013With financial institutions being held responsible for actions of third-party service providers, your lending clients will want to know how quickly you respond to consumer complaints and will require settlement providers to track these efforts. Don’t miss our next Title Topics webinar at 2 p.m. ET, Wednesday, July 24, as Terrie Miller of H.B. Wilkinson Title Company and Alison Gareffa of Old Republic National Title Insurance Company discuss why a process for receiving and addressing consumer complaints is important to help ensure that instances of poor service or non-compliance do not go undiscovered.
July 23, 2013The National Title Professional designation was received by Shari Foster of Fidelity National Title Group in Dallas, Texas; Carol Kirby of American Title & Escrow in Billings, Montana; and Isidore Teitelbaum of Title Services of New Jersey, Inc. in East Brunswick, New Jersey.
July 23, 2013The Second District Court of Appeal reaffirmed the 1981 decision in Safeco Title Ins. Co. v. Moskopoulos, which addressed the question of whether and to what extent a title insurer must defend its insured against allegations that the insured engaged in misconduct. Read on for analysis from David Boss.
July 23, 2013Effective Jan. 1, 2014, unlawful clouding of title will be considered a Class 4 felony for a first offense if the cloud on title has a value exceeding $10,000.
July 23, 2013Landtech Data Corp. announced new CPL integrations with three underwriters that are expected to streamline the settlement process.
July 23, 2013According to a release, the system now allows agents to perform modifications to existing policy jackets, includes an improved over-limit approval process, and calculates and applies reissue credits in states where the rate is available.
July 23, 2013Virginia-based reQuire, an online solution provider for the settlement services industry, announced that Pratik Kothari has been appointed to its new chief technology officer position.
July 18, 2013Possibly signaling a trend in the marketplace, several warehouse lenders recently began vetting closing and settlement agents themselves rather than using an outside vendor. Read on for information about closing agent applications that some warehouse lenders have sent to ALTA member companies.
July 16, 2013By a vote of 66-34, the U.S. Senate today confirmed Richard Cordray’s nomination to a five-year term as director of the Consumer Financial Protection Bureau.
July 16, 2013With the addition of the Wolverine State, the company is now approved to issue title insurance in 43 jurisdictions.
July 16, 2013In a landmark decision, the California Supreme Court ruled July 8 that the California Public Records Act requires government agencies to provide landbase data to the public in the digital format it is held without charging more than the cost of duplication.
July 16, 2013David Dickard will provide underwriting guidance and operational expertise as NATIC serves the mountain states region
July 16, 2013Some functions on ALTA’s website will be unavailable from 10 a.m. to 4 p.m. ET Saturday, July 20 to perform necessary network maintenance.
July 16, 2013In his new role, Fred Schraub will assist title agents with their underwriting needs, offering advice and ensuring an understanding of the reasoning behind decisions.
July 16, 2013An electrical fire at the Milwaukee County Courthouse in Wisconsin forced the closure of the Register of Deeds office and many other government departments for more than a week.
July 16, 2013Stewart Title announced the appointment of Mary Ann Nelson-Sutterfield as the new president of Stewart Abstract & Title of Oklahoma.
July 16, 2013Simplifile, an electronic recording service provider, announced its first two Connecticut towns, Waterbury and Manchester, are now accepting land record documents for e-recording.
July 11, 2013California-based Efficient Services Escrow Group was shut down by the state after cyber criminals stole more than $1.5 million from the firm’s trust account and wired the money to China and Russia.
July 11, 2013Entrust Solutions, a title insurance servicing company, announced it is now offering centralized disbursing as a standalone service.
July 11, 2013A process for receiving and addressing consumer complaints is important to ensure that any instances of poor service or non-compliance do not go undiscovered. Register for this webinar as Terrie Miller of H.B. Wilkinson Title Company and Alison Gareffa of Old Republic National Title Insurance Company discuss ways a title company can improve consumer care, share results of processes aimed at improving the customer experience, provide sample forms and discuss how to train employees.
July 9, 2013ALTA is pleased to announce several changes to the Title Insurance Regulatory Surveys, the most comprehensive collection of regulatory information and practices of the title insurance industry.
July 9, 2013John P. Bruce, senior vice president of the commercial division at Austin, Texas-based Heritage Title Company, received National Title Professional designation.
July 9, 2013Baillie & Hershman announced that attorney Elton “Bud” Harvey III has been elected chairman of the Connecticut Bar Association Real Property Section for 2013-2014.
July 9, 2013The legislation requires companies that hold escrow funds maintain a fidelity bond of at least $100,000 and carry an E&O policy of at least $250,000. Read on to learn what else the recently signed legislation requires.
July 2, 2013The Financial Accounting Standards Board on June 27 issued for public comment a proposal that would change financial reporting of insurance contracts. The proposal would require contracts that transfer significant insurance risk to be accounted for in a similar manner, regardless of the type of company issuing the contract.
July 2, 2013The Federal Reserve approved a final rule July 2 implementing heightened global capital standards to help ensure banks maintain strong capital positions that will enable them to continue lending to creditworthy households and businesses even after unforeseen losses and during severe economic downturns.
July 2, 2013Ten additional state agencies will begin using the new National SAFE MLO test, bringing the total number of state agencies to 30 who have implemented this new test.
July 2, 2013The Texas Land Title Association presented Mark Greek, vice president and the state agency manager for First American Title Insurance Co., with its Title Person of the Year Award.
July 2, 2013In her role, Susan Green will be responsible for all communication strategies and initiatives for Westcor across the country, including branding and market outreach.
July 2, 2013By linking SoftPro 360 and agentTRAX, Fidelity agents are able to generate policy jackets and auto report gross premiums to Fidelity National Title Group’s Agency Accounting Department, while working in SoftPro.
July 2, 2013This integration enables WFG agents to generate closing protection letters without ever having to leave their RamQuest title production solution.
June 27, 2013The Consumer Financial Protection Bureau released a bulletin advising providers of consumer financial products and services the types of “responsible business conduct” expected out of companies s subject to its enforcement investigations. ALTA's Best Practices provide a blueprint so you can proactively develop and document policies and procedures that show how you protect consumers.
June 27, 2013It may seem daunting to implement every aspect of ALTA’s Best Practices. That’s why ALTA has provided a checklist for each pillar of the Best Practices to help you begin the process of gauging where your company stands. The checklists are meant to be an internal document and should be used as a tool to help organize your efforts.
June 25, 2013Today’s review of a recent U.S. Court of Appeals case concerning an insurer’s claim against an allegedly fraudulent borrower was provided by Lance Pomerantz, a sole practitioner in New York. With more mortgage fraud claims coming to light, read on to learn why this case is important to the title industry.
June 25, 2013A Missouri-based title company appealed a U.S. district court’s ruling that rejected its lawsuit attempting to recoup money stolen during a fraudulent wire transfer.
June 25, 2013In a servicing guide announcement, Fannie Mae and Freddie Mac reported changes to their Standard Short Sale and HAFA guidelines to improve transparency and marketing of listed properties that will require GSE approval. Read on to learn about the new requirements.
June 25, 2013Abstracters and title agents are encouraged to participate in the 2013 Abstracter and Title Agent Operations Survey to assist ALTA in understanding how market changes are impacting membership and to help members benchmark operations. Those who take the survey will have the opportunity to win a complimentary registration to ALTA’s 2013 Annual Convention at the Breakers in Palm Beach, Fla.
June 25, 2013The Joe Casa Awards for Leadership, Innovation and Philanthropy were named after the late founder of October Research and recognize professional achievement in the title insurance and settlement services industries.
June 25, 2013Timios National Corp. completed the purchase of Glenn County Title Company after receiving regulatory approval from the California Department of Insurance
June 25, 2013First American Title Insurance Co. released its commercial real estate version of myFirstAm?, a web portal designed to streamline processes through the provision of title order information, property data and other tools and resources involved in completing a commercial real estate transaction.
June 25, 2013SoftPro was presented with a Gold Stevie Award for Best Support Department of the Year at the 11th Annual American Business Awards ceremony in Chicago.
June 25, 2013St. Louis County in Minnesota has made a big step in transitioning from an entirely paper-based recording system to a new, digital e-recording service with Simplifile.
June 20, 2013Over the past several months, some of the nation’s largest lenders have fallen victim to one cyber attack or another. But lenders aren't the only target. Cyber criminals also are victimizing title and settlement agents. Read on to learn how ALTA's Best Practices can help ALTA members and other industry professionals combat cyber fraud.
June 20, 2013New mobile operating systems, growing use of personal devices, and SaaS delivery make securing the network a growing challenge. Sophos, a provider of computer technology, recently revealed eight ways that software will evolve this year. Read on to learn how to stay protected for this upcoming change.
June 18, 2013A U.S. district court ruled an underwriter didn't have an to obligation to Bank of America under the policy. However, the closing protection letter promised to compensate the lender for any problems that arose from the closing agent’s failure to properly apply the funds, as set forth in the closing instructions and the title insurance commitment. Read on to learn why the ruling creates more uncertainty for the industry.
June 18, 2013Williston Financial Group, the parent company of WFG National Title Insurance Company, has acquired Las Vegas-based Community Title Services of Nevada
June 18, 2013Dr. Stan Humphries to provide overview of where nation's housing market is heading and whether we should be worried about another housing bubble.
June 18, 2013The class-action lawsuit filed in 2007 alleged that Wells Fargo and Long & Foster created Prosperity Mortgage as a “sham” business entity that performed little or no work in connection with mortgage transactions.
June 18, 2013Tucked in Connecticut’s biennial budget is legislation that will increase the cost to record all MERS-related documents and could impact the timely recording of lien releases.
June 18, 2013Mark D. Vasington has joined First American Title Insurance Co. as vice president and Connecticut state manager in the Hartford office.
June 18, 2013RedVision, a national provider of title reports and real property research solutions, has created a new loan modification services bundle that coincides with the Obama administration’s announcement to focus on increasing loan modification alternatives for at-risk consumers.
June 18, 2013Short sales have become an effective strategy for lenders, servicers and investors to minimize loss and capitalize on distressed properties. However, the onslaught of short sales has also increased suspicious activity and mortgage fraud. Guarding against potential fraud makes the already complex challenge of managing the short sale process even more challenging. Read on for tips from DataQuick that you can share with your lender customers on how to prevent short sale fraud.
June 13, 2013ALTA encourages title professionals to institute a clean desk policy requiring employees to close files containing non-public personal information when they are away from their desks. Read on for tips on following a clean desk policy.
June 11, 2013Data from CoreLogic shows that only 52 percent of all mortgages made in 2010 would have met the definition for the safest loans under the Consumer Financial Bureau’s Qualified Mortgage rule. Read on for analysis on how the proposed rule could impact your market.
June 11, 2013Michelle Korsmo, ALTA’s chief executive officer, will serve as a keynote speaker at this year’s Association for Title Information Management annual conference, which will be held Aug. 5-6 in Boston.
June 11, 2013Using ClosingCorp’s SmartGFE Calculator, customers of TSS Software’s TitleExpress receive title and settlement orders from lenders through the online calculator.
June 11, 2013Don't miss our next Title Topics webinar at 2 p.m. ET, June 13 as Jean-Claude Mazzola and Matthew Baron of Wilson Elser discuss the purpose of E&O coverage, features of the policy, types of errors that typically give rise to claims, specific claims scenarios and various “best practices” tips to help you manage risk and prevent losses for your business.
June 11, 2013SoftPro, a provider of real estate closing and title insurance software nationwide, has been named a finalist for an American Business Awards in support of customer service.
June 11, 2013Read on as John Voso Jr., senior vice president, manager-agency relationship services for Old Republic National Title Insurance Co., share his story of a title professional’s day on Capitol Hill.
June 11, 2013The CFPB said the goal of providing the videos is to provide an overview of the rules in a plain language format that makes the content more accessible and consumable for a broad array of industry constituents, especially smaller businesses with limited legal and compliance staff.
June 10, 2013He will be elected by MBA members at the Association's 100th Annual Convention, which will be held in October in Washington, D.C.
June 4, 2013Today’s review of Massachusetts Supreme Court case addressing whether the “in for one, in for all” rule of general liability insurance defense applies to title insurance was provided by Ella Gower of the law firm Miller Starr Regalia. Read on to learn why this case is is significant and helpful to the title industry.
June 4, 2013According to ALTA’s 2013 First-Quarter Market Share Analysis, the title insurance industry generated $2.9 billion in title insurance premiums during the first quarter of 2013 compared to $2.3 billion during the first quarter of 2012.
June 4, 2013Westcor Land Title Insurance Company announced the promotion of Scott Chandler to the position of executive vice president, director of agency.
June 4, 2013Washington, D.C.-based Federal Title & Escrow Co. released a mobile application it says produces a detailed picture of cash to close and monthly mortgage payments for homebuyers and cash in pocket for home sellers on an editable, shareable closing disclosure statement.
June 4, 2013Wendy R. Danner has more than 20 years of experience as a land use and real estate attorney.
June 4, 2013Associates at more than 1,700 Stewart Title Guaranty Company agencies and Stewart Agency Services banded together to raise more than $45,000 in the company’s Community of Sharing program.
June 4, 2013Fidelity National Title named Danette Starling as vice president, senior commercial title officer of the national commercial services division.
RedVision Releases New 'Advantaged' Counties to Improve Title Search Production, Service and Pricing
June 4, 2013The company announced a list of 201 counties across 17 states where it has made additional investment to enhance and optimize search production by launching new title plants and in-sourced production.
June 4, 2013MERSCORP Holdings Inc. announced that judges in three federal courts recently ruled in favor of Mortgage Electronic Registration Systems Inc. and its co-defendant members in cases alleging wrongful foreclosure, including Ukpoma v. U.S. Bank in Washington, Abraham v. American Home Mortgage Servicing, Inc., et al in New York and Martins v. BAC Home Loans Servicing, LP in Texas.
May 30, 2013ALTA asks members to submit sample policies, procedures and practices companies already have in place to help produce standard policies or guidelines for the industry.
May 28, 2013Fidelity National Financial said it plans to merge its ServiceLink business with Lender Processing Services and sell a 19 percent minority equity interest in the new holding company to private equity firm Thomas H. Lee Partners L.P. for approximately $381 million.
May 28, 2013Today’s review of a U.S. Supreme Court case addressing an exception to the bankruptcy discharge for debts incurred through defalcation was provided by David Cox of the law firm Jackson & Campbell PC. Read on to learn why the ruling is important to underwriters' ability to recover funds from a title agent who has sought refuge in bankruptcy court.
May 28, 2013A month after announcing an enforcement action against four mortgage insurers for alleged kickbacks to lenders in exchange for business, the Consumer Financial Protection Bureau reached a settlement against a Texas homebuilder for alleged kickbacks it received from joint ventures with a state bank and a nonbank mortgage company.
May 28, 2013Among other things, the Bureau lengthened the time for which a mandatory escrow account established for a higher-priced mortgage loan must be maintained, and established an exemption from the escrow requirement for certain creditors that operate predominantly in rural or underserved areas.
May 28, 2013The Texas Land Title Association reported that Texas Gov. Rick Perry appointed Julia Rathgeber as commissioner of insurance.
May 28, 2013The inaugural document recording, an electronic loan modification agreement, took place at the Kent County recorder of deeds office in Dover.
May 28, 2013The company will have a branch office in San Antonio and will be managed by Matt Proffitt.
May 28, 2013Stewart Title has been voted Best Title Company in Laredo Morning Times’ 2013 Reader’s Choice Awards for the second consecutive year.
May 28, 2013The Executive Committee of the National Association of Insurance Commissioners (NAIC) has approved the formation of an American Indian Liaison Committee, which will address insurance issues involving the cooperation and relationship between sovereign states and sovereign tribal nations.
May 23, 2013As senior vice president, compliance and licensing, Deborah Everett is charged with ensuring that WFG National Title maintains full compliance with state mandated licensing and registration necessary to conduct title, settlement and appraisal management business at the state level.
May 21, 2013Companies of various types and sizes are looking to take advantage of improved housing market as existing companies are making acquisitions and new competitors are entering the fray.
May 21, 2013From the opening reception to the meetings on Capitol Hill during Lobby Day, check out all the photos captured during the Federal Conference on ALTA's Flickr photo stream, where you can download your images.
May 21, 2013ALTA membership continues to increase as more and more title and settlement agents realize the many benefits the Association provides. Check out who has recently became a member.
May 21, 2013As an advocate for paperless transactions, the paperless functionality in RamQuest One was one of several key factors that helped drive TitleCore's decision to partner with RamQuest.
May 21, 2013According to FNTG, features of Total Access include an enhanced website, a media channel and agency business advisors.
May 21, 2013Simplifile announced electronic recording is now available through its network in two additional Alaska recording districts, Bethel and Kuskokwim, as well as McClain County, Okla.
May 21, 2013As senior vice president and regional manager, Gus Abello will oversee the company’s services to residential real estate clients in Indiana, Kansas, Minnesota, Missouri, Ohio and most of Illinois.
May 14, 2013The company's title group posted its highest first-quarter pretax margin since 2004.
May 14, 2013First American Financial’s title division posted pretax earnings of 64.3 million as title orders shifted to higher-premium resale transactions during the first quarter of 2013, the company reported.
May 14, 2013Old Republic International’s title insurance group registered a triple-digit improvement in operating earnings resulting in its best first quarter since 2003, according to the company’s 2013 first-quarter earnings results.
May 14, 2013A focus on cost-effective and scalable operations as well as better claims management helped Stewart Information Services turn a loss of $7.9 million during the first quarter of 2012 into a pretax gain of $7.1 million during the first quarter of 2013.
May 14, 2013Investor Title Co. reported net income of nearly $3.4 million during the first quarter of 2013 compared to a profit of $1.4 million during the first quarter of 2012.
May 14, 2013Westcor Land Title Insurance Co. announced that John Micciche has joined the company in the Mid-Atlantic Region and will help the company expand in Maryland and Virginia.
May 14, 2013RamQuest says Digital Close brings all stakeholders, including the consumer, together in a single, centralized location.
May 14, 2013David Dwyer will be responsible for signing new agents and servicing the existing agency base in the state.
May 14, 2013Appropriate procedures for the production, delivery and remittance of title insurance policies ensures title companies meet their legal and contractual obligations. Register today for our next Title Topics webinar from 2-2:30 p.m. ET, Thursday, May 16 as David Townsend of Agents National Title Insurance Co. and Craig Haskins of Knight Barry Title discuss how to implement procedures to meet this best practice.
May 8, 2013The professional designation was received by Marianne Mathieu of Fidelity National Title Group in Mineola, New York; Sarah Sutton of Fidelity National Title Group in Cleveland, Ohio; and David Townsend of Agents National Title Insurance Company in Columbia, Missouri.
May 7, 2013Several land title professionals, industry partners, CFPB staff and members of Congress participated in conversations examining ways to enhance the consumer closing experience and make the real estate transaction more transparent Tuesday at ALTA’s 2013 Federal Conference and Lobby Day.
May 7, 2013To date, ALTA has 4,271 member companies, which surpasses last year’s membership record by more than 200 companies.
May 7, 2013A record number of more than 250 Federal Conference attendees held nearly 270 meetings with members of Congress and their staff advocating on behalf of the industry during Lobby Day on Wednesday, May 9.
May 7, 2013ALTA honored Sen. Mary Landrieu (D-LA) and Rep. Ed Perlmutter (D-CO-7) with the annual “Protecting the American Dream Award" May 6 during a reception on Capitol Hill.
May 7, 2013Pasadena, Calif.-based D. Bello Associates recently celebrated the 10-year employment anniversary of Executive Vice President and Chief Operating Officer Jeffrey Bates.
May 7, 2013A video of ALTA President Frank Pellegrini highlighting issues impacting the land title industry was sent to members of Congress and their staff prior to Wednesday’s meetings on Capitol Hill.
May 7, 2013During the State Regulatory and Legislative Regulatory Committee at ALTA’s Federal Conference on May 6, Bill Hultman, vice president of legislative affairs for MERSCORP Holding, provided an update on MERS, including including “day-to-day” litigation, recording fee and false claim suits challenging the system.
April 30, 2013The ruling in McBurney v. Young upheld a federal appeals court decision validating Virginia’s Freedom of Information Act law that limits public record disclosure to those persons or entities that are “citizens” of Virginia.
April 30, 2013Continental Title Holding Co. expanded its footprint in the metropolitan St. Louis market by purchasing Assured Title Company of Warrenton.
April 30, 2013The Property Records Industry Association reported recording jurisdictions that are electronically recording documents recently passed the 900 mark and expects this number to pass 1,000 by the end of 2013.
April 30, 2013Peter Birnbaum, president and CEO of Attorneys’ Title Guaranty Fund Inc., was recently named the Chicago Bar Association recipient of the coveted Vanguard Award for supporting diversity in the profession and for his dedication and service to helping area youth.
April 30, 2013Land Title Guarantee ranked among the top mid-sized companies, while Stewart Title Co. and American Title Services made the list of companies with fewer than 150 local employees.
April 30, 2013The Federal Housing Authority plans on implementing electronic signature and closing processes necessary for an FHA electronic mortgage platform within the next two years.
April 30, 2013One of ALTA’s priorities is to provide excellent representation of the land title industry on Capitol Hill. To help us achieve this, please take two minutes and complete our survey to identify current relationships between ALTA members and members of Congress. Your participation will help ALTA ensure we have the best possible relationships on Capitol Hill to further showcase the incredible value of the land title industry.
April 30, 2013The company will have more than 2,000 team members in downtown Detroit once these positions are filled.
April 30, 2013Jeanie Matten will focus on Westcor’s national closing solution to deliver a borrower-centric strategy tailored to today’s strict compliance and oversight environment.
April 30, 2013Title agencies using SureClose can extend their brand to customers by providing a custom online transaction portal.
April 25, 2013To help you meet your lender clients’ needs, three Agents and Abstracters Forums remain on the schedule for 2013 with stops in Pittsburgh, Boston and Minneapolis. These one-day Forums will provide key information on topics ranging from protecting non-public personal information to how CFPB bulletins and regulations may impact title operations.
April 25, 2013ISGN Corp. and TRUPOINT Partners have teamed up to offer a Consumer Financial Protection Bureau mock audit to help ensure financial institutions and mortgage lenders maintain compliance with the changing regulatory environment, CFPB rules and fair-lending requirements.
April 23, 2013Peter Gruber’s book, “Tell to Win: Connect, Persuade, and Triumph with the Hidden Power of Story,” offers tips to effectively tell your story. The same philosophy can be applied to telling the land title industry’s story to consumers, legislators and regulators.
April 23, 2013It has come to our attention that there are spam emails being sent that indicate the sender as being ALTA and signed by ALTA President Frank Pellegrini. These emails were not sent by ALTA. Please delete the email and do not click on the link included in the email titled “Land Title Auctions,” as it may contain potential viruses.
April 23, 2013Today’s review of recent cases in Missouri addressing ordinances requiring mediation in foreclosure actions was provided by Cheryl Cowherd, underwriting counsel for Agents National Title Insurance Co. Read on to learn why it is important to follow these cases.
April 23, 2013Cynthia Durham Blair, a shareholder in Rogers Townsend’s Columbia office, will receive a Gold Compleat Lawyer Award from the University of South Carolina School of Law on April 25.
April 23, 2013Lee Ann Fenske was named senior vice president, compliance and national training officer, and will be responsible for compliance audits as well as employee and WFG agent training.
April 23, 2013Maureen Dalton, president and chief executive officer of Monarch Title, announced that as of April 8 Chuck A. Bowman was promoted to president and chief operating officer.
April 23, 2013According to the companies, the interface gives RamQuest customers access to service-focused, professional signing service.
April 23, 2013Electronic recording is now available in 10 new recording districts in Alaska, according to Simplifile, which also expanded with the addition of McDowell County, N.C.
April 18, 2013Closing/settlement agents and title insurers are the industry’s last line of defense to detect unusual and/or suspicious activity as well as preventing a fraudulent transaction from being closed and insured. Read on for some red flags to potential mortgage fraud
April 16, 2013When a title insurer agrees to prosecute an action on behalf of an insured under reservation of rights, are the communications between the insurer and insured privileged communications? Yes, according to a recent decision of the Fourth District of the California Court of Appeal, in Bank of America v. Superior Court of Orange County. Read on for details.
April 16, 2013The state's Supreme Judicial Court's ruling in GMAC Mortgage v. First American Title Insurance Co. confirms the responsibility an insurer has in defending an insured’s claim.
April 16, 2013Charlotte-based Park Sterling Bank has sued the law firm Wallace & Pittman PLLC to recover more than $336,000 after a fraudulent wire transfer sent the money from the firm’s account to Russia.
April 16, 2013Fidelity National Financial Inc. will hold a conference call at 11 a.m. ET, May 2; while on April 25 First American Financial Corp. will host a conference call at 11 a.m. ET and Old Republic International will hold a conference call at 3 p.m. ET.
April 16, 2013The company is now licensed to write title insurance policies in all 58 counties in the state.
April 16, 2013GRS Title Services LLC is now a licensed commercial title insurance agency in Texas.
April 16, 2013Amber Rose Bjerke will be responsible for developing new customers and accounts in the Minneapolis-St. Paul metro area.
April 16, 2013The National Insurance Producer Registry announced that individual non-resident licensing and renewals are now available in all 50 states and the District of Columbia.
April 16, 2013The company agreed to pay more than $92,000 in back wages to 24 closers following an investigation by the U.S. Department of Labor’s Wage and Hour Division.
April 9, 2013The use of “centralized” and “streamlined” title insurance rates in Colorado were banned, according to a bulletin issued by the state’s Department of Regulatory Agencies Department of Insurance.
April 9, 2013The following forms, which were approved by the ALTA Board of Governors in February, have been published in final and bear an effective date of April 2, 2013.
April 9, 2013Chris Casa will be responsible for implementing and developing programs that educate and disseminate information to its independent agency partners.
April 9, 2013Michael Bates will handle underwriting duties for the Missouri-based company’s southern region.
April 9, 2013First National Title Insurance Co. (FNTI) announced the advancement of Ellen Wied to vice president and her appointment as a member of the FNTI executive team.
April 9, 2013University Title Co. maintains its title as one of the Best Companies to Work for in Texas for the sixth consecutive year, earning third place in the small employer category for 2013.
April 9, 2013Simplifile, an electronic recording service provider, reported Rockingham County, Va., now accepts electronic documents, such as deeds and mortgages, for recording.
April 9, 2013Genworth Mortgage Insurance, Mortgage Guaranty Insurance Corp., Radian Guaranty Inc. and United Guaranty Corporation must pay $15.4 million in penalties to the CFPB for alleged kickbacks to lenders in exchange for business.
April 4, 2013Federal and state laws require title companies to develop a written information security program that describes their procedures to protect non-public customer information (NPI). While there are many components of this pillar of the best practices, this checklist is meant to help you gauge if your operation has the appropriate policies for network security of NPI.
The Docket: California Court Clarifies Junior Lienholder Rights When Subordinated to Cross-collateralized Loans
April 2, 2013The California Court of Appeal for the Second Appellate District reversed a prior decision clarifying the rights of junior lienholders who find themselves subordinate to cross?collateralized loans. Read on to learn why the reliance on a subordination agreement may be problematic when underwriting a transaction post-foreclosure.
April 2, 2013Idaho-based Futura Title & Escrow, the parent company of Alliance Title & Escrow Corp., completed the purchase of Oregon-based AmeriTitle, Inc.
April 2, 2013Amy Kaspar’s retirement at the end of 2013 culminated a prosperous 38-year career in the title insurance industry.
April 2, 2013Charlie Marinelli will be responsible for overseeing business in Marin, Sonoma, Contra Costa, San Francisco and Sacramento counties.
April 2, 2013First American Financial Corp. announced that Mark Seaton has been named chief financial officer, while Mark C. Oman has been appointed to the company’s board of directors.
April 2, 2013Even in areas where there has been no serious mineral rights activity, title and settlement agents across the country are encouraged to carefully read their closing instructions and ensure exceptions are raised for such a reservation in new policies. Read on for details.
April 2, 2013Using data from the Census Bureau and Department of Housing and Urban Development's 2011 American Housing Survey, the National Association of Home Builders (NAHB) found that buyers can purchase a more expensive newer home and achieve the same annual operating costs as an older, existing home.
March 26, 2013Wells Fargo was the top commercial/multifamily mortgage originator in 2012, according to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association.
March 26, 2013In a blog entry on its website, the Consumer Financial Protection Bureau announced it wants to know how much it costs banks, credit unions and other financial services providers to comply with financial regulations.
March 26, 2013The Texas Land Title Association reported last week that the Texas Department of Insurance approved a 3.8 percent increase to the basic premium rate for title insurance.
March 26, 2013According to ALTA’s preliminary 2012 Year-end and Fourth-Quarter Market Share Analysis, the title insurance industry generated $11.4 billion in title insurance premiums in 2012, up nearly 21 percent from 2011.
March 26, 2013Current residential shadow inventory as of January 2013 was at 2.2 million units, representing a supply of nine months.
March 26, 2013Adopting appropriate policies and conducting ongoing employee training can ensure that a real estate settlement company can meet state, federal and contractual obligations governing the settlement process and provide a safe and compliant settlement. Don’t miss our next Title Topics webinar from 2-2:30 p.m. ET, Wednesday, April 10 as Patrick Curry of Waco Title Co. Jerry Lewallen of eRecording Partners Network, Jim DeGaetano of Ingeo Systems and Judi Souza of Escrow Expertise will discuss how e-recording can help you meet this best practice and the importance of developing procedures to ensure customers are charged established rates.
March 26, 2013According to the company, this service encompasses the creation, execution, recording and tracking of foreclosure assignments, as well as the verification of the title on the property.
March 26, 2013Vincent Cassidy, the chief executive officer of ALTA member company Majesty Title Services, was appointed to the Tampa-Hillsborough County Expressway Authority by Florida Gov. Rick Scott.
March 26, 2013Simplifile, an e-recording service provider, announced that several more counties and recording districts in Oklahoma and Alaska are now accepting electronic recording.
March 21, 2013Closing out the final general session at ALTA’s 2013 Business Strategies Conference, Doug Johnson of the American Bankers Association shared information on emerging scams and tips to thwart cyber crime during the presentation titled “The Latest Fraud Tricks: Protect Consumers, Customers and Your Business.”
March 19, 2013Opening the general session on the final day of ALTA’s Business Strategies Conference, a panel discussion addressed why lenders are adjusting business relationships to reduce settlement risk and how implementing ALTA’s Best Practices can help title professionals succeed in the marketplace.
March 19, 2013The bill would amend the ability to repay/Qualified Mortgage provision in Dodd-Frank to exclude title charges and certain escrow charges if they are paid to an affiliate of the originator under the law’s calculation for the 3 percent cap for points and fees. Read on to learn how ALTA can help you advocate on this issue.
March 19, 2013Approximately 200,000 more residential properties returned to positive equity during the fourth quarter of 2012.
March 19, 2013Continuing a 35-year career in the title industry, Timothy Redding was named vice president and underwriting counsel for First National Title Insurance Co.
March 19, 2013Thomas Title & Escrow announce that Louis Strawn, executive vice president, and Stephanie Taylor, relationship manager, have joined the company in Dallas.
March 19, 2013Adeptive announced that A.S.K. Services, a Midwestern title search firm, is now integrated with ResWare, a title production and process flow software.
March 14, 2013Opening the general session of ALTA’s 2013 Business Strategies Conference on Thursday before more than 200 attendees, ALTA President Frank Pellegrini and Michelle Korsmo, ALTA’s chief executive officer provided an overview of ALTA's Best Practices and what the association is doing to provide resources and aid members in implementation. Read on for information about several professional development sessions as well.
March 14, 2013Tying his message to the importance of implementing ALTA’s “Title Insurance and Settlement Company Best Practice, business speaker and author Ira Blumenthal said that while title veterans probably followed Best Practices for years, times have changed and it’s time to raise the bar and be even better.
March 14, 2013The final day of the conference will feature a general session addressing new lender demands and emerging fraud schemes, in addition to four professional development sessions and a closing luncheon with a Will Rogers impersonator.
March 14, 2013Receiving the designation were Anne Anastasi, CLTP, of Genesis Abstract in Hatboro, Pa.; Jeffrey Bosse of Bosse Title Corp. in Evansville, Ind., Joseph Grabas, CTP, of Investors Title Agency in Edison, N.J.; Jim Stipanovich of Old Republic Title Insurance Co. in Independence, Ohio; and Philip Janny, CLTP, of Plunkett & Graver PC in Allentown, Pa.
March 14, 2013ALTA is proud to announce that Kelly Romeo, vice president, celebrated her 20-year anniversary with the association on March 8.
March 12, 2013Several professional development sessions, as well as general session discussions, are dedicated to providing tips on integrating best practices into your business processes.
March 12, 2013Read a message from ALTA President Frank Pellegrini about the 2013 Business Strategies Conference, which runs Wednesday through Thursday in Oklahoma City.
March 12, 2013After reviewing year-end 2012 statutory financial data, two ratings firms each released reports showing that title insurance underwriters are well capitalized and in strong financial condition.
March 12, 2013The company added 107 title plant counties in the fourth quarter of 2012, which included expansion into Alaska, Delaware, Massachusetts, Montana, North Carolina and South Carolina.
March 12, 2013Simplifile, provider of electronic recording services, announced e-recording is now available in two more Minnesota counties and one in Wisconsin.
March 12, 2013Stewart Title Limited, the underwriter for UK, European and Australian transactions for Stewart Information Services Corp., and LEAP Legal Software announced an agreement to enable a user to order a title insurance policy directly within any LEAP product.
March 7, 2013Adopting appropriate policies and conducting ongoing employee training can ensure that title and settlement companies meet state, federal and contractual obligations governing the settlement process and provide a safe and compliant settlement. Read on for a checklist to help ensure your company is following proper recording and pricing procedures.
Attend Business Strategies to Learn What Lender Clients Need from You and How ALTA's Best Practices Can Help
March 7, 2013During a general session at the 2013 Business Strategies Conference on Friday, March 15, lenders will discuss what they are requiring in this new market to reduce settlement risk and how implementation of ALTA’s Best Practices can help ensure business keeps coming your way.
March 5, 2013The Board also approved a revised Short Form Residential Limited Coverage Junior Loan Policy during a meeting on Feb. 21.
March 5, 2013The Maryland Court of Appeals held the title companies owed a duty of care to their customer (the buyer in this case) in conducting the title search and issuing the title commitment. Read on to find out how the decision impacts an underwriter's responsibility.
March 5, 2013Last year, the U.S. Court of Appeals for the Fourth Circuit upheld the constitutionality of a provision in Virginia’s public records law that limits public record disclosure to those persons or entities that are “citizens” of Virginia.
March 5, 2013The Coalition for Sensible Housing Policy argues the Qualified Residential Mortgage and Qualified Mortgage standards should be aligned to encourage safe and financially prudent mortgage lending while not impairing the return of private capital.
March 5, 2013Among the charges for the NAIC's Title Insurance Task Force is to determine the feasibility of promoting effective consumer shopping for title agents and insurers without delaying real estate closing schedules.
March 5, 2013Agents National Title Insurance Co. recently promoted Cheryl Cowherd to senior underwriting counsel and named Danielle Kaiser to its underwriting staff.
March 5, 2013Teresa Chiotti will be responsible for growing and maintaining the company’s relationships with agents throughout the northern region of Florida.
March 5, 2013Don’t miss our next Title Topics webinar from 2-2:30 p.m. ET, Thursday, March 7 as Todd Hougaard of GreenFolders and Michael Volin of Title Resource Group address important steps you can take toward satisfying privacy obligations and how to develop detailed policies for handling non-public personal information.
February 26, 2013Among its suggestions, the National Association of Home Builders suggested the development of a "real estate data superhighway” with a national real property registry that could serve as the official record of the structure and constraints of the land, including land use, zoning and easements, condo documents and new construction data.
February 26, 2013Fidelity National Financial’s title business posted a pretax margin during the fourth quarter of 2012 that nearly equaled peak results in 2003—a year when origination volume was nearly double.
February 26, 2013First American Financial closed out 2012 with a strong fourth-quarter as the company’s title segment posted net income of $473.7 million for the year, up from $173.6 million reported in 2012.
February 26, 2013Investors Title Co. reported net income increased nearly 70 percent during the fourth quarter of 2012 compared to the same period a year ago, while net income increased 60 percent for all of 2012 compared to 2011.
February 26, 2013Chicago Title Insurance Co. announced that Jeffrey Howell was named to the company’s major accounts sales team as vice president/associate counsel.
February 26, 2013Alaska is now accepting documents for e-recording in Haines, Juneau, and Skagway recording districts through Simplifile.
February 25, 2013Orion Financial Group, Inc., a provider of mortgage assignment, lien release and document retrieval services, is now providing settlement services to investors through a partnership with Lenders Title Solutions.
February 25, 2013Debra Langbacka has joined WFG National Title Insurance Co. as its AVP, agency representative serving the Washington, D.C., metropolitan area.
February 25, 2013hrough its partnership with Home CORE, ServiceLink will help increase affordable home ownership opportunities by managing all of the activities needed to transition these properties into move-in condition, including assisting with due diligence, coordinating and over-seeing rehabilitation and repairs, providing title and closing services and supporting the loan origination process through borrower counseling.
February 21, 2013Federal and state laws – including the Gramm-Leach-Bliley Act – require title and settlement companies to develop a written information security program that describes procedures to protect non-public customer information. The program must be appropriate to the company’s size and complexity, the nature and scope of the company’s activities, and the sensitivity of the customer information the company handles. Join ALTA for its next free Title Topics webinar at 2 p.m. ET, Thursday, March 7 as Todd Hougaard of GreenFolders and Michael Volin of Title Resource Group address important steps you can take toward satisfying privacy obligations and how to develop detailed policies for handling non-public personal information.
February 19, 2013Read on to learn why a professional liability insurance provider declined an underwriter's claim after one of it's agents misappropriated client funds.
February 19, 2013After working 44 years in the land title industry and serving on ALTA’s Forms Committee for more than two decades, Joe Bonita decided to call it a career at the end of December.
February 19, 2013The county in the Evergreen State adopted Simplifile’s e-recording service and successfully electronically recorded a deed of trust submitted by First American Title of Mason County.
February 19, 2013The Nexus Program is designed to give attorneys and title agents a platform to handle real estate transactions with limited risk.
February 19, 2013Robert Lindley, owner of Canyon Title, attributed the “superior” audit status to the company’s production system, which is provided by ResWare.
February 19, 2013The California Department of Real Estate issued an alert warning consumers of a growing number of scams being perpetrated against timeshare owners in connection with “timeshare resales."
February 19, 2013Don’t miss our next Title Topics webinar at 1 p.m. ET on Wednesday, Feb 20 as Pam Sember of First American SMS and Dick Reass of RynohLive outline the procedures on documenting your escrow trust account policies so you can verify compliance.
February 15, 2013Attend the 2013 Business Strategies Conference and learn the policies and procedures you should be following, plus learn useful tips on how to implement the different aspects of the Best Practices. Doing so may drive more business your way!
February 12, 2013The acquisition of Equifax Settlement Services follows a joint venture with KB Homes to provide home loans to the builder’s customers across the country.
February 12, 2013The state requires that each entity, other than a borrower, having an account established to receive loan proceeds for a Connecticut real estate transaction from a mortgage lender participate in the Interest on Lawyers' Trust Accounts/Interest on Trust Account program.
February 12, 2013D. Bello Associates made several announcements, including a new offshore service provider partnership; founder Doug Bello will return full time to the company; and Andrew Acker was named operations manager.
February 12, 2013Pioneer Technology Group, developers of YourDox online homebuyer document delivery and archiving system, has partnered and integrated with GreenFolders electronic office management system.
February 12, 2013Founded in 1993, TSS has evolved from a small regional startup into an experienced title technology provider serving a large array of title insurance agents and underwriters nationwide.
February 12, 2013The Consumer Financial Protection Bureau named Steve Antonakes as acting deputy director while the agency continues its search for a replacement for Raj Date.
February 12, 2013The 49 percent overall increase in commercial/multifamily lending volume, when compared to the fourth quarter of 2011, was driven by increases in originations for hotel and office properties, according to the Mortgage Bankers Association.
February 12, 2013ALTA wants to provide tools that are the most useful to our members. To help us with this, please take a moment to complete this short five-question survey, to give us a better understanding of how members utilize social media to market their business.
February 5, 2013The Mortgage Bankers Association projects originations of commercial and multifamily mortgages will grow to $254 billion in 2013 and continue to rise to $289 billion in 2015.
February 5, 2013The company said the hiring of Glen Stout as vice president of sales and marketing was necessitated by increased adoption of the RynohLive products.
February 5, 2013The company said customers using the integrated solution can easily create shipping labels and access critical shipping information without having to leave ResWare.
February 5, 2013Read on for information about industry and compliance prerequisites that must be met in order to receive the designation.
February 5, 2013Stewart Title Guaranty Co. announced the continuation of its charitable giving program as part of its Community of Sharing initiative. The company hopes to raise $40,000 or more for HelpingaHero.org through this year’s initiative, with the funds going to help wounded veterans attain home ownership.
February 5, 2013A three-judge panel of the U.S. Court of Appeals for the Eighth Circuit twice ruled last week in favor of Mortgage Electronic Registration Systems, Inc. (MERS) and other defendants, affirming lower court decisions that rejected arguments that the defendants lacked authority to foreclose.
February 5, 2013Wells Fargo topped the Mortgage Banker Association's year-end ranking of commercial and multifamily mortgage servicers with $429.1 billion in U.S. master and primary servicing. Find out other companies ranked in the top five.
January 31, 2013If you enjoy reading TitleNews, utilize the Treasury Department Blocked Persons search or use ALTA’s policy forms, don’t forget to renew your ALTA membership to ensure you continue to receive these member benefits.
January 31, 2013The Federal Housing Administration plans to increase its annual mortgage insurance premium for most new mortgages by 10 basis points and premiums on jumbo mortgages by 5 basis points. Read on for details, including information about higher downpayments for mortgages with original principal balances above above $625,000 and changes to HECM pricing options.
January 31, 2013As chief compliance officer, Donald O’Neill will oversee WFG’s compliance programs and will expand the company's current compliance programs to meet the stricter demands of today’s compliance environment.
January 31, 2013The average 30-year fixed-rate mortgage moved above 3.5 percent for the first time since Sept. 13 of last year.
January 31, 2013Simplifile, an electronic recording service provider, announced the availability of its e-recording services in Kodiak, Alaska and Allen County, Kan.
January 31, 2013Mortgage delinquency rates showed steady improvement ending the year 32 percent lower than the January 2010 peak, according to Lender Processing Services' Mortgage Monitor report.
January 31, 2013Lender Processing Services agreed to pay 46 states and the District of Columbia $121 million to settle claims of unlawful foreclosure practices.
January 29, 2013Title Action Network Stars are individuals dedicated to the title insurance industry and helping protect homeownership by growing the Title Action Network.
January 29, 2013Depending on the size of your operation, different provisions of the Affordable Care Act may apply to you. Read on for a summary of how the provisions will impact businesses.
January 29, 2013The Indiana Department of Insurance has issued a certificate of authority for North American Title Insurance Co. to offer title insurance in the Hoosier State.
January 29, 2013The distinction from the Texas Historical Commission honors Texas-based businesses that have been in existence for more than 50 years, and have remained in good standing.
January 29, 2013Members of the National Association of Home Builders (NAHB) elected four senior officers to top leadership positions within the federation.
January 29, 2013reQuire, an online release tracking and reporting company, announced that Jay Jones has been named to new product manager position.
January 24, 2013Old Republic International’s title insurance business closed out 2012 in positive fashion posting pretax income of $20.2 million during the fourth quarter of last year. Read on for full-year 2012 results.
January 24, 2013Fixed mortgage rates moved higher from the previous week, according to the latest Freddie Mac Primary Mortgage Market Survey, as the 30-year fixed reached its highest reading since Sept. 29, 2012.
January 24, 2013Mower County in Minnesota and Vernon County in Wisconsin recently began accepting land documents for e-recording through Simplifile.
January 24, 2013The housing upturn that took root last year is expected to pick up momentum in 2013 but headwinds along a number of fronts could impede the pace of the recovery, according to economists speaking at the International Builders’ Show in Las Vegas.
January 24, 2013According to Entrust Solutions, agents are receiving emails appearing to be from their underwriter asking for confirmation of wire instructions.
January 24, 2013The Federal Financial Institutions Examination Council released guidance to help financial institutions understand potential consumer compliance and legal risks associated with the use of social media.
January 22, 2013Read on to learn how a Missouri Appeals Court interpreted the parties in possession exception and whether or not an underwriter had a duty to defend the insured against a claim.
January 22, 2013Texas-based First National Title Insurance Co. recently received a certificate of authority from the Arizona Department of Insurance to begin offering title insurance in the state.
January 22, 2013South Bend, Ind.-based Meridian Title Corp. is marking 75 years in business.
January 22, 2013Among the rules, loan originators and brokers are prohibited from receiving compensation that varies with the loan terms. Also, mortgage originator cannot get paid more if, for example, the consumer agrees to buy title insurance from the lender’s affiliate. Read on for details.
January 22, 2013The Consumer Financial Protection Bureau, along with five other federal financial regulatory agencies, issued the final rule that establishes new appraisal requirements for “higher-priced mortgage loans.” Read on for info about this rule as well as another new rule that requires lenders to provide consumers with free copies of all appraisals.
January 22, 2013It’s reported that 36 percent of all fully paid or satisfied mortgages remain unreleased after state-mandated timelines. This can mean potential landmines for title professionals that could result in damaged reputation, a claim or enforcement action. Don’t miss our next free, 30-minute Title Topics webinar at 3 p.m. EST on Thursday, Jan. 24 as Daniel Morris, CEO of reQuire Release Tracking, discusses the issues settlement agents face with unreleased mortgages and the responsibility of fixing the problem when liens show up in the title report of a pending closing.
January 22, 2013Attorneys Title Agency LLC, based in Farmington Hills, Mich., has acquired the assets of Talon Title Agency of Central Ohio Inc.
January 22, 2013Former Nebraska Senator Ben Nelson has been named chief executive officer (CEO) of the National Association of Insurance Commissioners (NAIC)and will be responsible for outreach to federal and international governmental entities, as well as state government associations, consumers and insurance industry representatives.
January 17, 2013ALTA is looking for volunteers to get involved in the conversation and participate in educational opportunities to help members implement different components of the Best Practices. Read on.
January 17, 2013The new option allows a deduction of up to $1,500 based on a formula of $5 per square foot of home office spaced used and will take effect for the 2013 tax year.
January 17, 2013Mortgage rates were largely unchanged from the previous week helping to keep homebuyer affordability high, refinancing strong and should continue to aid the ongoing housing recovery, according to the latest Freddie Mac Primary Mortgage Market Survey.
January 17, 2013Existing home sales expanded or held steady in eleven districts while loan demand was mixed in Federal Reserve districts reporting to the central bank.
January 17, 2013The president of National Attorneys’ Title Insurance Fund indicated a recent escrow theft by an agent along with challenges in the marketplace and pending regulations led to the underwriter’s decision. Read on to find out which underwriters are working to facilitate the transition of business of qualified agents in order to assure minimal disruption to the marketplace.
January 17, 2013Even though the underwriter cancelled the agent and a CPL was not issued to the lender, the Pennsylvania Eastern District Court held that it was possible to hold the underwriter liable for its former agent’s misdeeds.
January 15, 2013The deal with Quandis eliminates the need for ResWare users to manually run searches on the government's PACER website for borrowers that are in, or have had a bankruptcy
January 15, 2013ALTA members are not responsible for collecting the tax as taxpayers must report the gain on their annual tax returns. Read on for information about how large employers are impacted by the “shared employer responsibility” provision of the act.
January 15, 2013The 2012-2013 flu season arrived earlier than usual, so it's time to prepare yourself, your business and your employees. Prevention is important for physical health, as it may impact your bottom line if your staff are out sick. These tips can help you avoid illness and maintain business continuity.
January 15, 2013The e-recording service provider believes that 2013 will prove to be an accelerated year for the adoption of e-recording.
January 15, 2013Lindsay Gilliland will be responsible for developing new customers and accounts in Larimer and Weld counties.
January 15, 2013First American Financial Corp. has set the dates on which it expects to announce its financial and operating results for the fourth quarter of 2012 and the first three quarters of 2013.
January 15, 2013Old Republic International Corp. will hold a conference call at 3 p.m. ET, Thursday, Jan. 24 to discuss fourth-quarter and full-year 2012 results.
January 10, 2013In a statement outlining regulatory priorities for the next year, the Consumer Financial Protection Bureau has targeted September 2013 for the release of its final mortgage disclosure rule, which will result in a new GFE and HUD-1.
January 10, 2013Linear Title & Closing, which provides title services nationally, plans to introduce a web portal allowing consumers who have closed a loan with the company to access their mortgage package, a detailed analysis of the flow of mortgage funds, any rebates due to them and proof of the mortgage recordation.
January 10, 2013The Consumer Financial Protection Bureau finalized its Qualified Mortgage and Ability-to-Repay rule, which requires lenders to obtain and verify information to determine whether a consumer can afford to repay the mortgage.
January 10, 2013While not admitting any wrongdoing, Fidelity National Financial agreed to pay nearly $2.3 million to California agencies to settle allegations of illegal rebating activities between 2003 and 2011.
January 10, 2013Best Homes Title Agency, a Farmington Hills, Mich.-based agency, expanded its statewide presence with the acquisition of Grand Rapids-based The Closing Office Title Agency.
January 10, 2013Detroit-based Quicken Loans Inc. announced it closed more than $70 billion in home loan volume in 2012 to become the third largest retail lender in America.
January 10, 2013RedVision, a national provider of title reports and real property research solutions, has hired Andrew Nadal as regional sales director for the Southeast region.
January 10, 2013The Property Records Industry Association published the white paper to serve as a guide for both public and private organizations considering the creation or initiation of an e-recording portal.
January 10, 2013A real estate closing attorney will take a plea in a federal mortgage fraud case that was unsealed last week in a U.S. District Court.
January 8, 2013Highlighting the need for title companies to have a stronger presence on the Internet, a joint study by the National Association of Realtors and Google shows real estate-related searches on Google.com have grown 253 percent over the past four years. Read on for tips on how title companies can take advantage of this trend and grow business.
January 8, 2013From a one-year extension of the Mortgage Debt Forgiveness Act to limits on itemized deductions, there's several parts of the deal that will impact housing. Read on for details.
January 8, 2013Pittsburgh-based National Real Estate Information Services (NREIS) will lay off its remaining 215 employees beginning in February as it prepares to wind down operations, according to a filing with the Pennsylvania Department of Labor and Industry.
January 8, 2013Detroit-based Title Source announced it will fill more than 400 positions by March 2013.
January 8, 2013Adeptive Software, the developer of ResWare, has integrated with Wells Fargo to improve the process of initiating outgoing wires.
January 8, 2013Pittsburgh-based Urban Lending Solutions (ULS) announced it plans to hire 100 people with mortgage industry experience in Broomfield and Littleton, Colo.
January 3, 2013ALTA President Frank Pellegrini has been an attorney for more than 35 years and operated his own title agency for nearly 30 years now. Read on to learn the many reasons why he values his ALTA membership.
January 3, 2013According to the Property Records Industry Association, Recording Jurisdiction Identifiers help eliminate confusion with jurisdictions with similar names in different states.
January 3, 2013In 2012, ALTA’s Title Industry Political Action Committee once again raised more money from more ALTA members than ever before, surpassing the record set in 2011. Read on to see a list of contributors. For information about TIPAC, email Jessica McEwen, ALTA's director of government affairs.
January 3, 2013North Dakota Guaranty and Title Co. recently acquired the assets of Security Abstract Co., located in Sidney, Mont.
January 3, 2013North American Title Insurance Co. (NATIC) announced that Ashleigh Spruell-Genzer has joined the company as Texas state agency manager responsible for expanding the company's operations throughout the state.
January 3, 2013Entrust Solutions, a title insurance servicing company, announced it has named John Cason as its Alabama state counsel and Thomasina Willis as its operations manager in the state.
January 3, 2013Mortgage application volume decreased substantially during the final two weeks of 2012, according to the Mortgage Bankers Association’s weekly mortgage application survey.