Items Tagged with 'Title and settlement services'


  • 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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  • 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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  • Qualia raises $33 million to improve home closing process

    Funding round led by Silicon Valley’s Menlo Ventures
    Qualia, a real estate technology company that focuses on the home closing process, announced this week that it raised $33 million in its latest funding round. Qualia has grown significantly since its founding in 2015, and now handles 5% of the national real estate market. The company said that expects the new funding to aid in its continued growth.
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  • Former CFO at San Antonio title company gets 30 months for stealing from company

    Joseph Karpowicz gets prison time for stealing $367,000
    The former chief financial officer of a San Antonio title company will spend the next 30 months in prison after being convicted of stealing more than $367,000 from the company. According to court records, Joseph Karpowicz admitted to issuing himself company checks that he used to pay for personal expenses and credit card bills.
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  • Mortgage industry stalwart Dale Dykema dies at 87

    Ran TD Service Financial Corporation from 1964-2016
    Mortgage industry veteran Dale Dykema, who ran California-based TD Service Financial Corp. for more than 50 years, died on the Fourth of July at the age of 87. Dykema led the company until last year, when First American Financial Corp. acquired TD Service and several of its subsidiaries. For much more on Dykema's life and career, click the headline above.
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  • Black Knight Financial Services unveils municipal lien search

    Company claims solution will “help borrowers reduce risk and unforeseen costs”
    Black Knight Financial Services is rolling out a new tool that it will help identify municipal liens that would go unseen in a typical property report and are outside the scope of title insurance coverage. Here are the details.
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  • ALTA urges CFPB to warn consumers about real estate funds phishing scams

    Schemes involve hackers posing as agents, title companies to steal mortgage funds
    Last year, the Federal Trade Commission and the National Association of Realtors warned consumers they could be the next victims of growing trend of mortgage closing cost phishing schemes. But, according to the American Land Title Association, that warning was not enough to fully prevent future schemes from being successful and consumers are still falling victim to the phishing scams.
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  • Incenter expands into title services with latest acquisition

    Growth of Blackstone portfolio company continues
    Incenter, which recently expanded by launching a mortgage-focused broker-dealer called Incenter Securities Group, is expanding again – into title and settlement services. Incenter, a Blackstone portfolio company, announced Monday that it acquired Boston National, a provider of title and settlement services headquartered in Charlotte, North Carolina.
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  • Brian Benson out as CEO of ClosingCorp

    Company's growth leads to search for more experienced CEO
    ClosingCorp is now looking for a new chief executive officer as the company tells HousingWire that Brian Benson is out as the company’s CEO. Benson told HousingWire Magazine in December that he expected the company’s revenue to double in 2016 and again in 2017. And it’s apparently due to that growth that Benson will no longer lead the company.
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