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Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. The insurance commissioner there declared 13 resiliency prerequisites. Obviously, insurance premiums have skyrocketed. John Rogers: I’m very fortunate to be in the role.
The Tech Trendsetters are made up of the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Congratulations to the 2024 Tech Trendsetter honorees! Take a look at the full list below.
Valon intends to use the fresh capital to boost product development and expand its reach to new markets. This new funding demonstrates that we’ve hit the milestones to prove our software is best in class and will allow us to double down on our technology to deliver even more value to the industry.” The firm is currently valued at $1.1
Insurance brokerage platform VIU by HUB has partnered with mortgage servicing company Valon to provide homeowners with streamlined insurance options amid rising costs. Through the partnership, Valon customers will have access to instant insurance quotes from multiple carriers along with guidance from licensed agents.
With home sale prices continuing to rise, wire fraud prevention firm CertifID announced Thursday that it is increasing its direct, first-party insurance coverage maximum to $2 million. This means that up to $2 million of a wire transfer verified by CertifID can receive direct, first-party insurance coverage.
As the speed of technological innovation in our industry accelerates, partnering with Qualia will help us provide an improved experience for both our agents and our insureds, Carolyn Monroe, the president and CEO of Old Republic Title, said in a statement.
This system worked remarkably well until fraudsters developedtechnology to defeat the notarial process. Despite this grim outlook, there is a title insurance product that offers homeowners immediate peace of mind. They should be prepared for some pushback, as even many title insurance professionals are unaware of this option.
The funding round was led by prior investors Ribbit Capital , DST Global and NFX along with new investor Progressive Insurance. Were excited to invest in Tomo and to support their mission to modernize the home buying experience, Erwin Raeth, corporate development leader at Progressive Insurance, said in a statement.
Customer engagement platform Total Expert is launching a marketplace this week for financial institutions to build their marketing technology stack. Customers, including banks, lenders and insurance companies, will have access to data and action systems under “one roof.”
Getting the home insurance required to close is often more complicated than it needs to be. HousingWire recently spoke with Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency , about the home insurance shopping process and how lenders can help make it simpler for their borrowers.
In a panel at HousingWire’s IMB Summit in Dallas on Tuesday, Community Home Lenders of America leaders Taylor Stork of Developers Mortgage and Republic State Mortgage President Paulina McGrath tackled some of the thornier affordability issues plaguing the industry. Just seeing the crazy increases in technology costs have skyrocketed.
Technological Advancements in Real Estate: A look at emerging technologies with the potential to reshape real estate transactions and property management. Regulatory Developments: Key updates on policy changes and new regulations affecting industry compliance and operations.
HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. Take insurance, for example.
Shannon Foglia Brandy was pretty certain she wanted a career in public relations, but after a summer internship before her senior year at Bryant University, she began considering a career in the field of title insurance. “I I get to explore all sorts of new software and technologies that make our jobs easier and more effective.”.
are reshaping insurance premiums and real estate markets, which will inevitably drive up costs and worsen affordability. LISC), a nonprofit organization that provides financial assistance and technical support to community development projects, said that the road to recovery in Los Angeles will widen the wealth gap. .
Department of Housing and Urban Development (HUD) is considering employing cryptocurrency and blockchain technology to monitor the employment of agency grants, which some staffers believe could be a trial run for wider deployment of the technology across the federal government. Blockchain technology has been around for 15 years.
Brown also served as managing director of sales for mortgage technology firm Black Knight , as chief revenue officer for Lift Strategic Partners and as principal for Brown Derby Consulting. I develop, direct, and provide strategic vision for sales and marketing plans for mortgage products and services,” according to her bio.
Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology. Providing guidance and support during this process will be crucial for servicers in 2025.
According to a survey of 783 title insurance entities nationwide conducted by ALTA and NDP Analytics, 28% of title insurance companies reported at least one SIF attempt in 2023, and 19% reported an attempt during the month of April 2024 alone. Fortunately, most SIF cases are identified and addressed before closing.
Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. We haven’t seen any real data based on the conversation that it is going to save money.
The stock price of Doma Holdings was down 29% on Friday afternoon after the title insurance company posted a $43.7 Executives at Doma on an earnings call Thursday said the company was growing across key metrics and investing heavily in machine learning technology, moves that will pay off in the coming two years. million from $143.5
Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. Before that Yankowski was president and CEO of Executive Title Insurance Services. Valuation technology company Valligent Technologies has named Walter Allen as its executive vice president of digital transformation.
Department of Housing and Urban Development (HUD) this week unveiled a new website, explaining that as much as 90% of the material from the former site has been cut to eliminate redundancies and streamline the user experience. HUD has been on a yearslong road to modernize its technology systems. ”
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.
I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today.
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. Sahi will be involved in all aspects of the corporate strategy, business development, sales and account management, the firm said Thursday.
HousingWire Editor in Chief Sarah Wheeler sat down with Jimmy Kelly, president and CEO of Lone Wolf Technologies , to discuss the company’s development process and his vision for a connected real estate platform. That is a lot of technology and a lot of wasted effort. This interview has been edited for length and clarity.
Newfi and Apollo provide us with a full financing structure with a takeout solution, whereas all the production that we have at the moment is funded by Apollo and Newfi, and then we sell some of that production to Athene , which is the Apollo-merged insurance company. Multifamily developments have been picking up with a very strong start.
Each offers their opinions on recent government and policy shifts, ways in which they will impact the real estate market, and how shifting economic conditions and new regulatory developments could affect U.S. Q: Insurance issues are hot right now. Hladik: Insurance issues are going to be a driver in payment difficulties for borrowers.
HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. It’s more common than you think.
In 2025, home purchasers and homeowners will design cozy, environmentally friendly, and climate-resilient homes by fusing the newest technology with vintage, rustic beauty. Energy-efficient and climate-resilient home features are quickly gaining popularity as homeowners look to keep costs down, including insurance costs.
Recognizing the most innovative technology providers in the mortgage industry, MortgagePoints Tech Excellence Awards highlight the companies that have developed cutting-edge solutions, improved operational efficiencies, and have enhanced the mortgage process through technology. Headquartered in the U.S.,
As the housing market continues to undergo a seismic shift, technology leaders like this year’s Tech Trendsetters stand as beacons, guiding the industry toward a future where innovation is not an option but an imperative for success.
Recognizing the most innovative technology providers in the mortgage industry, MortgagePoints Tech Excellence Awards highlight the companies that have developed cutting-edge solutions, improved operational efficiencies, and have enhanced the mortgage process through technology.
Alliant National Title Insurance Co. This is a strategic acquisition for DFH and allows us to further vertically integrate alongside our existing title insurance agency business while facilitating growth in the title insurance marketplace,” Patrick Zalupski, the chairman and CEO of Dream Finders, said in a statement.
Lux joins the mortgage tech company from Cenlar FSB , the nation’s largest subservicer, where he served as executive vice president and chief operating officer for the past six years leading their entire servicing and technology operation.
Fraud detection Perhaps the greatest existential threat to the real estate and title industries, fraud is increasingly becoming more sophisticated, leveraging advanced technologies to deceive and exploit vulnerabilities. Develop and enforce guidelines around AI use to mitigate risks and ensure responsible implementation.
Department of Housing and Urban Development (HUD) visited the University of Alaska at Fairbanks to tout the possibilities that 3D printing technology could bring to the construction of affordable housing in the U.S. They are also less likely to burn down or be blown down, which could be attractive for insurers.
This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Ubitquity , developer of a blockchain-secured platform for real estate and title recordkeeping, has announced a new partnership with Rainier Title.
Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.
A cooler spring homebuying season led to a mixed bag of financial results for the Big Four title insurance firms in the second quarter of 2024. As the firm looks to the future, executives said they are continuing to focus technologicaldevelopments. million a year ago to $91.8 million in Q2 2024. million a year ago to $116.0
Leaders at Carson said in the release that they are excited to have access to William Raveis’ in-house mortgage bankers to help prequalify buyers and sellers, as well as the brokerage’s insurance experts to help their agents and clients navigate the home insurance market. “We We look forward to our partnership with Carson Realty (CR).
SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies. Nobody else has done loan-defect insurance for securitizations yet.”.
“With this draft ML, HUD is seeking to ensure that borrowers, closing agents, attorneys and title agents are aware of the partial claim subordinate lien amount owed by ensuring that the partial claim payoff is provided to the party requesting the payoff statement for the FHA-insured first mortgage,” the agency said.
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