True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

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A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Don’t sleep on non-QM products

Now is the perfect time for originators to consider expanding to non-QM products – to grow business, diversify their offerings and to ensure an opportunity to better serve their customers.

Closing

With new CEO in tow, Proper Title plans national expansion

Hoffman comes from the C-Suite of rival firm States Title

Judd Hoffman has been hired as chief executive officer for Proper Title LLC, an Illinois-based title insurance agency that’s backed by top independent real estate brokerage @properties. And they’re in expansion mode.

Hoffman was formerly “chief transformation officer” for States Title and president of its affiliate, North American Title Company. There, he oversaw States Title use of predictive analytics and technology on its title and escrow platform

He also spent eight years at First American Title Corporation, where he was president of its direct division.

Prior to his work in the title industry, Hoffman founded and led several companies in the communications and medical products industries.

“The organic growth that Proper Title has been able to achieve in one of the most competitive markets in the country is proof that this company does it differently and better, and this is what attracted me to this opportunity,” Hoffman said.


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

Proper Title is backed by Chicago-based brokerage @Properties, which currently operates in nine states and launched a franchise program at the end of last year to accelerate national expansion. Now, with Hoffman as CEO, Proper Title is planning to scale its efforts nationally.

“We have built a great foundation in Illinois, and now with Judd at the helm, we’re excited to introduce Proper Title to a national audience,” said Mike Golden, co-founder of Proper Title and @Properties.

The company promoted Kathy Kwak, a 14-year industry expert as an attorney and underwriting counsel, to executive vice president and brought on Zjacobe Snyder as senior escrow officer in July.

The news comes just weeks after @properties announced its first franchise location – the Detroit brokerage shop formerly known as Alexander Real Estate. Snapping up Alexander is part of a “national expansion plan,” said Chris Lim, president of growth at @Properties, with the Windy City brokerage eying a “half-dozen” franchise announcements in the coming year.

In the latest RealTrends 500 brokerage rankings, @properties ranked ninth in transaction sides, with 33,259 in 2020. Its sales volume was $16.4 billion, good for eighth in the national brokerage rankings.

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