Items Tagged with 'Title insurance'

ARTICLES

  • First American, Old Republic Title bringing blockchain to title insurance

    Old Republic will use First American-designed blockchain solution
    Two of the biggest names in title insurance are joining together to bring blockchain to the title insurance industry. First American Financial announced Wednesday that it is launching a shared blockchain system to be used in the title insurance process. And the first company to sign on to use First American’s blockchain system is Old Republic Title Insurance Group, the nation’s third largest title insurance underwriter.
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  • Feds significantly expand investigation into all-cash real estate deals

    Title insurance companies’ reporting threshold lowered to $300,000
    Title insurance companies in 12 of the nation’s largest markets will now have to provide federal authorities with substantial details on all real estate deals of $300,000 or more if the buyer is paying all cash. The requirement comes at the hands of the Treasury Department’s Financial Crimes Enforcement Network, which is significantly expanding its investigation into whether foreign buyers are using shell companies to buy U.S. real estate in order to launder money.
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  • American Land Title Association CEO Michelle Korsmo stepping down

    Trade group’s longtime leader leaving for the liquor business
    For the first time in nearly seven years, the American Land Title Association will soon have a new leader. The trade group, which represents more than 6,200 title insurance companies, title and settlement agents, independent abstracters, title searchers, and real estate attorneys, announced this week its longtime CEO, Michelle Korsmo, is stepping down to move to a vastly different industry.
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  • Flat fee real estate company Home Bay buys 50% stake in OnTitle

    Real estate tech company will now offer title and settlement services
    Over the last few years, Home Bay, a San Diego-based real estate technology company, has steadily expanded its operation beyond California. And now, the company is about to grow again, but not by expanding to a new state. Rather, Home Bay announced this week that it is getting into the title insurance and settlement services business.
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  • Altisource’s Premium Title expands to four new states

    Now providing services in Idaho, New Mexico, Oregon, Washington
    Premium Title, a provider of title and escrow services and a member of the Altisource Portfolio Solutions family of companies, is set to expand to four new states. The company announced Tuesday that it secured escrow licensing in Idaho, New Mexico, Oregon, and Washington, which allows the company to begin offering services in those states.
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  • Radian buys direct-to-consumer title insurer Entitle Direct

    Entitle Direct operates in 39 states, plus D.C.
    Over the last few months, Radian Group has restructured its mortgage and real estate services business, which is conducted through its principal subsidiary Clayton Holdings, and Clayton’s subsidiaries: Green River Capital, Red Bell Real Estate, and ValuAmerica. Now, Radian is making another change in its services business by acquiring Entitle Direct Group, a title insurance and settlement services company that specializes in selling title insurance directly to consumers.
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  • Hackers impersonating mortgage and title staffers in wealthy Texas suburb to steal down payments

    Police in Southlake issue warning about imposters
    Police in Southlake, Texas, a suburb of the Dallas/Ft. Worth Metroplex and the fourth wealthiest city in the U.S., issued a warning this week about scammers who are hacking into the email accounts of real estate professionals and then pose as title company employees in order to steal a homebuyer’s down payment. And in Southlake, the down payments can be quite high.
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  • Massive title insurance merger: Fidelity National buying Stewart for $1.2 billion

    A title insurance monolith is born
    The title insurance world is about to get a whole lot smaller, as Fidelity National Financial is set to buy Stewart Information Services in a massive $1.2 billion deal. Fidelity is already one of the nation’s largest title insurance and settlement services provider, and now, it’s set to acquire one of its biggest competitors.
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