News – The Title Report

At this year’s National Settlement Services Summit (NS3) in Naples, Fla., Britehorn Partners and Britehorn Securities co-founder and Partner Bobbi Babitz Armstrong, Acrisure Real Estate Services Chief Legal Officer Aaron Kanter, and Saul Ewing Arnstein & Lehr LLP Partner Francis “Trip” Riley discussed what to consider when contemplating an M&A deal.
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CEO Randy Quirk said the title segment continued to deliver record results. Total revenue excluding recognized gains and losses was $3.1 billion, compared with $2.5 billion a year ago, a 24 percent increase.
Read on for more from the third-quarter earnings report.
The record title order volume due to refinancing activity spurred title and real estate professionals to make some changes to handle the demand, including hiring and training more staff, using mobile notaries more frequently, and adding more automation and AI, according to the survey.
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Redfin now serves more than 100 markets across the U.S. and Canada, including second-home markets that gained popularity with vacationers and remote workers during the pandemic.
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Las Cruces Abstract and Title Principal Carl Hunter said the company is excited about the possibilities that come with Stewart’s investment in people and technology.
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The new CEO is executive vice president of mortgage servicing for Amrock’s sister company, Rocket Mortgage. Her leadership was instrumental in helping Rocket Mortgage clients navigate the pandemic, according to the company. She has worked with Rocket Companies for 18 years.
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The partnership aims to bring potential title, escrow, and banking customers to the SmartEscrow platform ecosystem.
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In the company’s title segment, net premiums and fees earned increased by over 33 percent year-over-year, according to its third-quarter earnings report.
Read on for more from ORI’s third-quarter earnings report.
DataTree users now have enhanced visualization capabilities for 150 million residential properties. The 3D enhancement will make the platform more useful to real estate investors, builders, utility companies, and surveyors, according to First American.
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ReverseVision, founded in 2007, provides Home Equity Conversion Mortgage and private reverse mortgage sales and origination technology and has been the leading reverse mortgage technology provider since its founding in 2007, according to the company.
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Inspire Escrow Services is licensed and regulated by California’s Department of Financial Protection and Innovation and bonded by the Escrow Agents Fidelity Corp. (EAFC.)
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Rocket Homes announced the initiative in August with a slate of other services, saying the programs would be launched throughout the remainder of 2021 and into early 2022.
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A net 44 percent (seasonally adjusted) of owners reported raising compensation, up two points from September and a 48-year record high reading.
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The Master Title president and team will continue to provide day-to-day support to clients.
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TitleLogix also implemented its tax certificate production platform, which the company said provides the industry flexibility and new production options.
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