Housing Wire

FEBRUARY 18, 2022

The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 In 2020, the company posted a $19 million loss. In 2020, the company posted a $19 million loss. million in 2020. The post Title insurer Doma forecasts profitability in 2023 appeared first on HousingWire.

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Housing Wire

MARCH 15, 2021

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. Blend’s white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. Streamline by combining services.

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Housing Wire

JANUARY 31, 2021

After a tumultuous year of disruption and uncertainty in 2020, mortgage servicing continues to change in order to meet consumer needs, regulatory demands and best practices. A strategic insurance solution is a critical component to monitor and assess mortgage loans as part of a larger risk management and servicing framework.

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Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

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Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2 The title insurance industry generated $26.2

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Housing Wire

JULY 19, 2021

Margaret Redman has been named director of national commercial services and senior regional underwriting counsel for North American Title Insurance Co. million in 2020, according to filings made with the Securities and Exchanges Commission. million in 2020, according to filings made with the Securities and Exchanges Commission.

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Housing Wire

SEPTEMBER 19, 2022

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. In the delegated channel, the lender underwrites the loan for mortgage insurance and submits it to the mortgage insurer.

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Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. ow and ease of the entire closing process.

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Housing Wire

SEPTEMBER 30, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Technology-induced innovation is the ethos of the proptech industry. Register for the FinLedger Daily Newsletter. Anything above $15.5

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Housing Wire

OCTOBER 3, 2024

The industry will see declining interest rates, new capital rules for nonbanks, new open banking rules under Section 1033, huge technology changes, a new tax bill, tens of billions in damage from hurricanes, new loan limits and artificial intelligence “storming into our business,” he said. What keeps McGrath up at night? .

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Housing Wire

FEBRUARY 20, 2025

Garg explained that Better utilized its marketplace lending model that includes 32 different investors across the mortgage landscape from real estate investment trusts and insurance companies to hedge funds, major correspondent lenders and the government-sponsored enterprises Fannie Mae and Freddie Mac. figure is far above the 26.5%

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Housing Wire

FEBRUARY 24, 2021

HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS. This will result in a major shift in how people use their homes and where they want to live.

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Real Estate Agent Real Estate Agents Loan Officers 369

Housing Wire

APRIL 13, 2023

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Ellie Mae was acquired by Intercontinental Exchange (ICE) in September 2020.

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Housing Wire

JANUARY 15, 2021

Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing. The big acquisition is for Homeowners of America, an insurance company that operates in six states and is licensed in 31 more.

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Insurance Logistics Technology Inspection 471

Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. One of the things that we are currently working on is a new consumer facing website that is focused solely on bringing talent into the title insurance field.”.

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Housing Wire

SEPTEMBER 30, 2020

The American Land Title Association , which represents more than 6,400 title insurance companies, title and settlement agents, independent abstractors, title searchers and real estate attorneys, announced it will hold its ALTA ONE event virtually for the first time. We’ve evolved. We’ve social distanced. We’ve grown. We’ve reflected.

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Housing Wire

AUGUST 16, 2022

A total of nine title insurance and settlement services providers were named to the Inc. 3093), First National Title Insurance Company (No. The complete list of title insurance companies on the Inc. The post Nine title insurance companies named to Inc. In 2021, 12 firms made the list. 1115), Celebration Title Group (No.

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Insurance Technology Agents Business 305

Housing Wire

MARCH 13, 2024

Realtor.com is leveraging data from First Street , a climate technology company, and will offer three new risk factor scores — heat, wind and air — to complement existing fire and flood assessments. The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. According to the U.S. million Americans in 2023.

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Housing Wire

JUNE 24, 2021

In a flurry of moves, TitleWave Real Estate Solutions of Jacksonville, Florida has announced a new location in Colorado, two new executive hires, and the launch of its title and search report technology. Enverus said it plans to integrate Integrity Title’s technology into a new online platform called Integrity Title Plants.

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Insurance Technology Real Estate Finance 420

Housing Wire

MARCH 2, 2021

Title insurance startup Doma – formerly known as States Title – announced today that it will go public through a merger with special purpose acquisition company Capitol Investment Corp. Doma, founded in 2016, says its patented machine-learning technology reduces title processing time from five days to five minutes.

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Housing Wire

JANUARY 3, 2022

As a result, 77% of counties included in the report have now been labeled as less affordable by ATTOM, up from 39% of counties in the fourth quarter of 2020. The data vendor also noted that in the third quarter of 2021 , 428 counties from the same data set were labeled as less affordable, up from 224 counties in the fourth quarter of 2020.

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Housing Wire

OCTOBER 23, 2020

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility.

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Appraisal Buzz

OCTOBER 8, 2024

The average monthly housing payment hit all-time high in August, due mainly to spiking insurance costs, which have been rising at three times the rate of principal, interest and taxes, according to the latest Mortgage Monitor report from ICE Mortgage Technologies.

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Housing Wire

DECEMBER 2, 2020

to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760. FHA’s 2020 minimum national loan limit, or “floor,” of $356,362 is 65% of the national conforming loan limit of $548,250. Explore three steps that enable technology to work more efficiently, which helps drive profitability.

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Law Housing Market Insurance Construction 534

Housing Wire

JUNE 21, 2021

The Securities and Exchange Commission announced last week a cybersecurity violation by title insurance giant First American Financial Corp. What should lenders look for when choosing mortgage technology? It derives nearly 92% of its revenue from its title insurance segment, according to the SEC. Presented by: SimpleNexus.

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Insurance Technology Investors Mortgage 435

Housing Wire

JUNE 2, 2021

The New York-based startup’s latest funding round will focus on continued expansion of its technology as it navigates the highly competitive and ever-growing digital mortgage space. The tech startup said the new automated underwriting offering is part of its larger vision is to enable one-click real estate transactions ?

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Real Estate Investors Insurance Clients 435

Housing Wire

JANUARY 15, 2021

The warehouse facility will allow the company, a subsidiary of Figure Technologies , to originate conventional loans as well as jumbo loans , the company said in a statement Wednesday. We hope to build on our 2020 momentum, both in volume and in bringing blockchain into the mortgage market.”.

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Housing Wire

JULY 22, 2021

Former CoreLogic executive Rouz Tabaddor has been named vice president and chief intellectual property officer at title insurance provider First American Financial Corp. — billion in total 2020 revenue, $1.1 segment pretax margin of title insurance and services. The company announced a healthy $7.1

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Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. billion coming from direct title premiums, a 21% increase of the fourth quarter of 2020. billion for 2021, a 49% increase over a year prior. billion, with $1.0 in Q4 and 21.7% for the full year.

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Insurance Investors Technology Development 397

Housing Wire

SEPTEMBER 17, 2020

compared to last year, according to Genworth Mortgage Insurance. In 35 states and Puerto Rico, there were fewer first-time homebuyers in the second quarter of 2020 than the second quarter of the prior year. During the second quarter, 539,000 single-family homes were purchased by first-time homebuyers, down 4.6%

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Buyers Insurance Finance Housing Market 448

Housing Wire

SEPTEMBER 27, 2022

Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew. Real’s technological vision for the future of integrated home buying is what drew us to the platform,” Dedhia said in a prepared statement.

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Brokerage Lending Loan Officers Technology 370

Housing Wire

DECEMBER 17, 2021

The SPAC is sponsored by Ellie Mae veterans, a software company sold in September 2020 to Intercontinental Exchange for around $11 billion. trillion in 2020 in the United States. Also, there are $100 billion in home insurance and $16 billion in title insurance, with outdated products and services. “We

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Real Estate Mortgage Insurance Business 468

Housing Wire

JUNE 1, 2022

For the first time, the ALTA Registry will provide data on individual title insurance and settlement services companies, identified by an ALTA ID. It’s crucial that the title insurance industry urge progress and innovation in the digital closing space.

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Insurance Real Estate Agents Technology 435

Housing Wire

MAY 17, 2021

It would also require the use of tamper-evident technology in electronic notarizations, and help prevent fraud through the use of multifactor authentication. Adoption of remote online notarization soared 547% in 2020, according to a survey from the American Land Title Association (ALTA) of major vendors working in the RON space.

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Modernization Technology Design Insurance 482

Housing Wire

MARCH 17, 2023

Candor Technology Inc. , The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. According to the firm, clients of Candor shave about 14 to 19 days from cycle time, as the technology eliminates queuing. In August 2021, Candor raised $12.5

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Mortgage Technology Clients Development 370

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform. billion in loan volume between June 2020 and June 2021. The originations went from $14.1

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Mortgage Investors Investing Loan Officers 428

Housing Wire

JULY 21, 2023

million class action lawsuit to resolve claims surrounding a 2020 data breach. The company, which has more than 800 employees and operates in 35 states, is accused of negligence for failing to protect its internal systems, leading to a data breach in November 2020. The news was first reported by legal website Top Class Action.

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