The Ticker

National MI, Capital Markets Cooperative announce partnership

National MI named 'preferred provider' for CMC
National Mortgage Insurance Corporation, a provider of private mortgage insurance, announced that it formed a “strategic partnership” with Capital Markets Cooperative, a nationwide alliance of mortgage bankers that provides exclusive offerings and value-added services to its members. As part of the partnership, National MI will be named a “preferred provider” of private mortgage insurance.
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Veros offering 'advanced quality control check' for FHA appraisals

Will check electronic portal submissions for issues
Veros Real Estate Solutions, which already serves as the vendor for the Federal Housing Administration’s electronic portal for appraisal reports and data submissions, announced this week that it is now offering an “advanced quality control check” for FHA loan appraisals.
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Flint water crisis now impacts mortgage lending

Lenders must prove homes have safe water
The severity of the Flint, Michigan, water crisis continues to plague residents, and now there are questions about whether people will be able to sell their homes if they want to, as their homes may not meet livability standards required for a mortgage.
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Chronos Solutions acquires Commerce Title

Latest in a string of recent acquisitions
Chronos Solutions, a real estate financial services provider, announced on Wednesday that it has acquired Commerce Title and Closing Services from its parent company, Ten-X. This is the third acquisition for Chronos Solutions since early 2015.
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Lumentus Social partners with Lone Wolf Real Estate Technologies

Partnership will to help real estate industry maximize effectiveness of social media
Aiming to help residential real estate industry maximize the effectiveness of social media, Lumentus Social, a social media software and solutions firm, has formed a partnership with Lone Wolf Real Estate Technologies Inc., a provider of residential real estate solutions and services in North America.
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Texas seizes title company after millions in customer money allegedly disappears

Millennium Title liquidated by Texas Department of Insurance
The Texas Department of Insurance seized a Dallas-area title insurance agency after allegations surfaced that the company’s owner disappeared with millions of customers’ money. Millennium Title was closed last week by the Texas Department of Insurance after the company’s founder, Nancy Carroll, vanished.
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