The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.


First American exits property and casualty business

Expects deal to be complete by 2022

“Big Four” title insurer First American Financial Corp. announced Monday that it has reached an agreement to sell its property and casualty subsidiaries.

The sales – known as “book transfer agreements” in accounting parlance –  were made with Safeco Insurance, a Liberty Mutual company, and Heritage Insurance Holdings. First American said the decision will help it focus on its core title business.

The title insurer on Monday said that the agreements provide qualifying First American property and casualty insurance agents and customers an opportunity to efficiently transfer their policies to Safeco or, in certain circumstances, Heritage.

First American first announced its intent to exit its property and casualty business in October 2020. It expects the transfer to be completed by the end of the third quarter of 2022.

“Safeco and Heritage are leaders in book transfer arrangements and have a strong commitment to serving independent agents,” First American CEO Dennis Gilmore said in a statement. “These agreements allow us to exit our property and casualty operations, while providing a valuable option for many of our agents and customers to move forward with established and well-respected carriers.”

Here’s what lenders should look for in a title provider

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of the title industry.

Presented by: ServiceLink

Merger & Acquisition Services served as the sole financial advisor to First American.

Even as the company is exiting this section of its business, it continues to double down on its digital closing tech. At the end of last year, First American Docutech announced a new integration with Encompass LOS by Ellie Mae.

According to First American Docutech, the integration would allow Encompass lenders to implement First American Docutech’s suite of digital mortgage and closing solutions, including updating key disclosure tracking fields and automatically delivering documents into Encompass.

And its title insurance continues to grow. Overall title insurance premium volume surged 17.6% for the entire market in the third quarter. And First American grew its market share by one basis point from the second to the third quarter.

Leave a comment

Most Popular Articles

Ex-loanDepot COO: Tony Hsieh cut corners to boost volume

The suit, filed by former COO Tammy Richards, accuses loanDepot CEO Anthony Hsieh of ordering the sales team to “trust [their] borrowers” and close loans, disregarding proper underwriting etiquette. 

Sep 23, 2021 By and
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please