Could the Housing Inventory Shortage be Causing Compliance Concerns?

Join DataVerify and industry experts for a conversation about how the current housing inventory shortage could cause compliance concerns now and in the future.

Side’s Spencer Krull on brokerages, Los Angeles real estate

During this episode of HousingWire Daily, we pressed Spencer Krull on the modern-day purpose and economic viability of a brokerage, and what Side’s distinctive model specifically offers.

eXp CEO loves Glenn Stearns’ star power

Residential real estate brokerage eXp continues to be profitable, and company CEO Glenn Sanford became a fan of Glenn Stearns through reality television. HW+ Premium Content.

Why female leadership is crucial to the mortgage industry

HousingWire recently spoke with Keri Stichler about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity.

Closing

First American names Ken DeGiorgio as president

Will have oversight responsibility of corporation’s operating groups

First American Financial Corporation has announced a new addition to its C-Suite.

Kenneth DeGiorgio, who joined First American in 1999, has been named president. In his new position, DeGiorgio will have oversight responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses, the company said in a press release.

DeGiorgio currently serves as First American vice president where, among other responsibilities, he oversees mergers and acquisitions, legal, compliance, information security, enterprise risk management, and marketing and communications.

“Ken’s well-deserved appointment follows more than two decades of accomplished service to First American,” said Dennis Gilmore, First American CEO.

One of the “Big Four” title insurers, First American reported $7.1 billion in total 2020 revenue — a 14% increase year over year — in its annual earnings report, released in February. Net income was $696.4 million last year. Also announced was a total of $1.1 billion in 2020 cash flow operations, a return on equity of 14.9%, and a 15.7% segment pretax margin of title insurance and services.


How hybrid title and valuations help increase lending efficiency

Streamline by combining services. Why use several vendors for title searches, appraisals and underwriting when you can use one?

Presented by: Altisource

In January, First American announced it was selling its property and casualty subsidiaries. The sales 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.

Another one of the “Big Four,” Old Republic, also announced an executive personnel move this week. Frank Sodaro, Old Republic’s current deputy chief financial officer, will succeed Karl Mueller as chief financial officer when Mueller retires at the end of June.

Leave a comment

Most Popular Articles

Home prices are still rising, but relief for buyers is coming

Domestic home prices increased 2.3% from May to June, and 17.2% year-over-year, per CoreLogic. Twin Falls, Idaho had the highest annual increase at 40.2%.

Aug 03, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please