Industry News

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 Tech Helping Title Industry Keep Closing Costs Down

Countering the skyrocketing home values, the title and settlement industry continues to find ways to manage fees associated with buying a home and utilizing artificial intelligence and automation to drive faster turn times.

Getting Staff Feedback Valuable to Title Company Production

What can companies do to better engage employees? For Amy Niesen, senior vice president and general counsel for of Land Title Company of Alabama, surveying staff and getting feedback of how people feel has proved beneficial to her company.

 The Docket: When an Easement Holder Ran so Far Away from the Easement’s Purpose, It Lost the Easement

Michael R. O’Donnell, Michael P. Crowley and Kevin Hakansson, all of the law firm Riker, Danzig, Scherer, Hyland & Perretti LLP, provided today’s review of a decision by the U.S. Court of Appeals for the Eleventh Circuit in a suit alleging that an ordinance triggered the easement's abandonment clause. Read on to learn why this decision is important to the title industry.

Stewart Acquires Illinois-based Greater Illinois Title

Stewart Information Services Corp. acquired Illinois-based Greater Illinois Title Company (GITC) and its subsidiaries, which include Greater Florida Title Services, Greater Indiana Title Company, Greater Wisconsin Title Company, GIT Michigan Title Services, Greater Missouri Title and Greater Illinois Title Company.

Strattam Capital Acquires Action Title Research

Founded in 2003 by Chris Blum and Scott O'Neill, Action Title Research deploys a technology-driven process to title research and public records analysis. Its clients include independent agencies, law firms and underwriters.

Doma Brings Machine Learning to Approximately 83% of Residential Market

Doma Holdings Inc. announced the expansion of its intelligence platform in Washington, Utah, Maine, Tennessee, Mississippi and Kentucky.

 Four Tips to Avoid Burnout

What's behind the Great Resignation which has resulted in the departure of 15 million workers since April of this year alone? Blame burnout. It's the primary culprit behind the scores of people who have left jobs over the past six months, according to recent report from Limeade. Read on for practical and preemptive strategies from a title industry veteran to combat stress. 

Your Time to Register is Running Out

While you’re clearing off your desk before your office closes for the holidays, make sure you register for the ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camp, Jan. 13-14 in Clearwater, Fla.! We know how it goes—the celebrating (and added stress) make it hard to remember everything you want to finish when you return to work. Cross “register for Boot Camp” off your to-do list today!

New Year Sale: Get 22% Off the Title Industry’s Favorite Board Game

ALTA is ushering in 2022 with a sale on our Title Triumph Board Game, Levels 1 and 2! We are currently offering a 22% discount to celebrate the New Year—including postage—but hurry: This offer is only good through Jan. 6.

 20 Things To Love About '21

2021, like 2020, continued to be shaped by the global pandemic. While the overall health of the economy may be uneven, from a title industry perspective, the past year has proved to be historic in terms of business. As we prepare to say goodbye to 2021, it's time to reflect on all of the accomplishments and lessons learned as we start contemplating a new year energized by hope. There were many more great things that were achieved over the past year, but here's a look at 20 that were achieved in 2021.

RamQuest Contributes to Christmas Cops Campaign

As part of its ongoing GiveBIG initiative to support local communities, RamQuest and sister company Pavaso came together to support the Plano Police Association’s (PPA) Christmas Cops program.

First National Title Hires Senior Title Officer of Underwriting in Florida

In this role, Mark Ginzo will help with the process flow of title production in Florida, commercial examination, and will work closely with national underwriting counsel to assist in answering regional underwriting and examination questions.

Res/Title Expands to California, Oregon, Washington

Res/Title has expanded its footprint with new local offices in California, Oregon and Washington.

ClosingLock Acquires SafeWire

ClosingLock, a wire fraud prevention provider, has completed its acquisition of select assets of Ohio-based SafeWire, which provides software to title companies to combat wire fraud.

Room Block Ending for the Digital Closing Boot Camp

Grab your hotel discount for the ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camp, Jan. 13-14 in Clearwater, Fla., before it’s gone! The room block ends Monday, Dec. 20.

 Here Come the Bots

In the quest for automation in the title industry, the simplest solution may already be under our noses.

FNF Names Agency Division Manager

The Fidelity National Financial Family of Companies promoted Mary Pat Dunleavy to senior vice president and agency divisional manager for Florida and the title underwriter’s Southwest and Western regions. The move will become official on Jan. 1 following the retirement of Executive Vice President John Obzud, 

Do You Know ALL of Your State’s Title Laws and Regulations?

Keep up-to-date with your state’s title laws, regulations, customs and practices! Developed by industry regulatory counsel, the TIRS State Compliance Guides help you stay on top of the local practices and state laws relating to your business’ licensing and operating requirements. Your ALTA membership provides you with discounts on these publications.

Applications Open for ALTA Good Deeds Grants

If you support a non-profit organization that could use a little extra help in 2022, apply for a grant from the ALTA Good Deeds Foundation today! The grant application process closes Jan. 31, and applicants will be notified of all decisions in March.

Approaches to Addressing Illegal Covenants in Historic Land Records

ALTA’s Discriminatory Covenants Workgroup developed a publication that details the various approaches to addressing discriminatory covenants in the public land records. The document also highlights the pros and cons of each method, which include notification, repudiation, modification and redaction. 

 A Painful Past: ALTA Helps Find Solutions to Illegal Covenants in Public Records

Racially restrictive covenants are an unfortunate legacy of racism in America. Their use not only segregated our society, but also hindered minority families’ ability to access the greatest source of wealth in this country: homeownership. We know the Fair Housing Act made discriminatory covenants explicitly illegal, but they still exist in public records. Read on to learn about a federal bill that’s been introduced and what ALTA is doing to help find solutions.

ALTA Insights: Changes to ALTA Policy Forms You and Your Customers Need to Know

Advancements in electronic notarizations, changes in certain consumer and creditors’ rights law, and case law developments were primary drivers leading to the latest revision of the ALTA Loan and Owner’s policies and numerous other ALTA forms and endorsements. The updated collection was published in July and is being rolled out. Listen to this SoftPro-sponsored webinar to learn why the forms were revised, the key changes, how to explain the updates to your customers, how to prepare for the new forms and when they will be used.

Snag Your Year-end Discount for the 2021 Claims Guide

Don’t miss our holiday sale: Pick up your print or digital Claims Guide now and enjoy an exclusive discount! Available through Thursday, Dec. 23, get a 15% discount on ALTA’s 2021 Title and Escrow Claims Guide. 

Alliance Title & Escrow Names VP and Area Manager

In her new role, Jennifer Landon will assume area-wide responsibility for strategy, marketing, and operational activities for the company's operations in Eastern Idaho.

Westcor Adds Two Underwriters

Westcor Land Title Insurance Co. hired Stephanie Marcello as underwriting counsel in the Mid-Atlantic and Erin Stines was added in the same role to support the company’s Pacific Northwest team.

 Delight Your Customers With Tech and Brilliance

Title companies are utilizing technology to deliver title commitments and policies faster to their customers. While handling record levels of business, companies are finding ways to keep costs down as home values continue to increase. A simplified process is what your customers want and expect. They also need you when problems arise. Don’t forget the personal touch as you drive for speed and efficiency.

SoftPro Integrates With ClosingLock for Wire Fraud Prevention

By utilizing ClosingLock, companies that use SoftPro can eliminate the need to email wiring instructions and can better protect themselves from wire fraud, email spoofing and business email compromise.

Title Company President Uses Employee Engagement Survey to Strategize Growth Plans

Roselyn Langianese, president of Summit Title Services in New Hampshire, talks about the value of using results from an employee engagement survey to develop a strategy to hire new employees, retain top performers and build a better workplace.

ALTA Reports 32.5% Increase in Q3 Title Industry Premium Volume

The title insurance industry generated $6.8 billion in title insurance premiums during the third quarter of 2021, according to ALTA’s latest Market Share Analysis. This is the best-performing quarter on record as title premium volume is up 32.5% compared to the same period a year ago.

FinCEN Looks to Expand All-cash Home Purchase Reporting Requirements

The Financial Crimes Enforcement Network (FinCEN) is seeking public comment on a potential rule to address the vulnerability of the U.S. real estate market to money laundering and other illicit activity. Under the latest Geographic Targeting Order, title insurance companies in 12 metropolitan areas are required to file reports identifying individuals who make all-cash purchases of residential real estate through shell companies, if the transaction exceeds $300,000. The potential regulation published by FinCEN would expand reporting requirements on all-cash real estate deals.

Grab Your Discount on ALTA's Education Courses

We are quickly heading into 2022, and you are probably starting to think about wrapping up your annual budgets. If you have money left over for on-the-job training, now is a great time to consider who on your staff can benefit from an online course through ALTA’s Elevate Learning Center, sponsored by Qualia. From beginners to experts, the Learning Center has education for staff at all levels.

The Holiday Rush: Are You Ready?

It’s that time of year again—peak shopping and peak shipping season is here, and UPS has a few shipping tips to help you maximize holiday outcomes for ALTA members.

Qualia Releases Report to Help Title Agencies Optimize Vendor Partnerships

With Qualia's Vendor Performance Reports, title and escrow agents can identify which of their vendors, such as title search, release tracking and notary service providers, are delivering optimal performance and cost efficiency in particular states.

Alliance Title & Escrow Helps Close the Hunger Gap

Idaho-based Alliance Title & Escrow LLC collected nearly 17,000 pounds of non-perishable food items and donated nearly $50,000 through its 10^th annual Closing the Hunger Gap Food Drive.

CATIC Offers LEAP Access to Title Agent Network

The CATIC Family of Companies announced a partnership to provide LEAP’s cloud-based legal practice productivity solution to the underwriter’s network of title agencies and law firms.

Ohio Title Startup Raises Nearly $25M From Investors

Columbus, Ohio-based Empora Title officially entered the market after garnering $24.6 million over the past year from venture capital firms.

Shaddock National Holdings Acquires Majority Equity Interest of Colorado Agency

Tom Gysin will remain president and Evan Harris will continue as co-owner of Homestead Title & Escrow, which has offices throughout the Denver metro area.

First American Receives Two Patents for Title Production

The two patents, now part of the company’s portfolio that includes more than 30 active patents, allow First American to analyze and select relevant property description data, fueling more accurate automated title production.

First American Title Company of Montana Makes Acquisition

First American Title Company of Montana expanded its brand into Helena with the acquisition of First Montana Land Title Company.

 ALTA Member Profile: Challenges, Mystery Fuel Path for Title Agency Owner

Becky Taylor, president of Virginia-based Titleworks Inc., started working in the title industry in 1992. Read on to learn more about Taylor, including why she loves working in title, how her company has evolved over the years and why she's an ALTA member.

Proper Title Hires EVP of Business Development

In this role, Brent Fielder will be responsible for expanding the company's footprint beyond Illinois, initially with a new location in northwest Indiana.

Old Republic Title’s CIO Receives Award

Old Republic Title announced that Jesse Oman, the company’s chief information officer (CIO) received the 2021 Info-Tech CIO Award.

 Criminals Using SMS Messages to Beat Multifactor Authentication

Criminals have deployed a Zelle fraud scam that allows them to infiltrate a peer-to-peer (P2P) payment service used by many financial institutions by circumventing multifactor authentication and accessing a victim’s bank account without knowing the username or password.

Split Closings New Target of Wire Fraud

Diverting seller proceeds and mortgage payoffs appear to be happening with more frequency in markets such as Michigan and Wisconsin where split closings are commonplace.

 ALTA Advocacy Update

In this week's Advocacy Update, ALTA CEO Diane Tomb outlines some of the major items that Congress must address before the end of the legislative year, such as extending government funding and the debt ceiling, passing the annual defense spending bill and considering President Biden’s Build Back Better Act. Tomb also discusses the nomination of Jerome Powell to serve as chair of the Federal Reserve for a second term; Ginnie Mae allowing e-signatures and remote online notarizations on loan modifications; and upcoming hearings for the House Committee on Financial Services.

D. Bello’s Title Production Facility Obtains ISO Certification

The International Organization for Standardization (ISO) certification attests that D. Bello's title production facility has the proper procedures in place to manage data security through its Information Security Management System (ISMS).

titleLOOK Adds New Title Review Automation

Mainspring Services announced that its titleLOOK solution now includes new automation features that eliminate the manual title review process.

Check Out Our NEW Ethics Course

You probably have hired a few new employees to keep up with demand, and it’s important to ensure they have the best training available. From beginners to experts, everyone on your staff can benefit from ALTA’s new “Ethics in the Title Industry” course in the Elevate Learning Center, sponsored by Qualia. Even better, your ALTA membership provides you with discounts on our education courses.

 To Sell or Not to Sell (or Buy): How Do Title Agencies Decide Whether It’s Worth Entering the M&A Market?

Several businesses in the title industry, agencies as well as other related firms, have had an incredibly profitable run over the past two years. This has resulted in many finding themselves flush with cash. It has also, as a more competitive purchase market emerges, driven some owners to ask, “Is it time to cash in on my hard work building my business?” For others, perhaps the time is now to grow their market footprints through acquisition.

Companies Reminded to Stay Vigilant Against Cyber Threats During Holidays, Weekends

The Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) recently issued an alert reminding companies that holidays and weekends are often a time when cyber criminals look to disrupt critical networks and systems.

RamQuest Integrates With TitleLogix Solutions

RamQuest’s Closing Market digital network is now integrated with TitleLogix Solutions, a Texas-based company that specializes in tax research.

Paymints.io Launches Solution to Simplify Property Tax Payments

Title and settlement companies can now use MuniPay to transfer funds via ACH directly from their escrow account to the municipality's operating account.

Hear from the Digital Closing Experts

Go digital now with the ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camps! At Boot Camp, you get first-hand access to innovative technology solutions that will boost your results. Hear directly from the experts on the types of tech that can help you set up your digital closing strategy the right way.

 Don’t Forget to Plan Your Tech Integration as M&A Activity Heats Up

While merging the cultures and adopting the same vision from office to office has been well covered elsewhere, one factor that surprisingly and too frequently gets short shrift is the merger of operational systems and technology. Many acquiring agents have learned the hard way that poor due diligence into the acquired firm’s existing technology and security can lead to unpleasant and costly surprises.

 ALTA Advocacy Update

In this week's Advocacy Update, ALTA CEO Diane Tomb gets in the Thanksgiving spirit and shares a little about what she's thankful for this year. She also highlights HUD's annual report to Congress, which details the financial status of the Federal Housing Administration’s Mutual Mortgage Insurance Fund; shares the FHFA's 2022 scorecard for Fannie Mae and Freddie Mac; and a new rule issued by several federal regulators requiring banks to report significant computer-security incidents within 36 hours.

nCino to Acquire SimpleNexus for $1.2 Billion

nCino Inc., a provider of cloud banking and digital solutions, entered into a definitive agreement to acquire SimpleNexus in a stock and cash transaction valued at approximately $1.2 billion. SimpleNexus provides a digital platform that serves mortgages from application to closing.

Ginnie Mae to Allow E-signatures, RON on Loan Mods

Due to the COVID-19 pandemic, Ginnie Mae announced effectively immediately it would permit the use of e-signatures and remote online notarizations for loan modification agreements on paper mortgages.

Survey: Unexpected Closing Delays, Hiring Top Challenges in 2021

Dealing with unexpected closing delays while juggling increased workload with fewer employees were the biggest challenges in 2021, according to the latest State of the Title Industry survey from PropLogix.

MISMO Seeks Participants to Standardize Pre-Closing Title Data

MISMO will focus on standardizing the datasets of nationally used pre-closing title documents including the closing protection letter, title commitment and request for fee sheet. 

 The Docket: Easement Rights Declared in the Context of the Entire Instrument and Its Intended Purpose

Michael Sikora III, managing partner of Sikora Law LLC., provided today’s review of a decision by an appeals court in Ohio that addressed the power of enforcement of express easements rights. Read on to learn why this decision is important to the title industry.

First Class Signing Launches RON Solution

First Class Signing Service announced it has launched a new MISMO-approved remote online notarization (RON) service to serve digital closings nationally and internationally.

 First Look at 2022 Midterm and Policy Update

During the SoftPro-sponsored ALTA Insights webinar, "First Look at 2022 Midterm and Policy Update," industry experts shared the latest on important policies that impact the title and settlement industry, including remote online notarizations, tax policy, data privacy, wire fraud and cannabis. The speakers also provided analysis on how the infrastructure bill will help real estate and offered insight into the 2022 midterm elections. Speakers included Heather McHugh, Founder and Principal of Resolution Public Affairs; Chris Morton, ALTA's SVP of Public Affairs; and Emily Tryon, ALTA's Senior Director of Public Policy and Government Affairs.

WFG Expands South Texas Team

To support the company’s growing presence in South Texas, Debbie Youens was named regional escrow manager and Gregg Harris was named regional sales manager.

Truly Title Partners With Jackson Hole Title & Escrow

The new co-branded office will be Truly Title’s first expansion into Wyoming. The office will be managed by Truly Title and backed by TFC of Wyoming to cater to the rapid growth of the surrounding communities.

ALTA’s Tryon Named 2021 Top Lobbyist

ALTA is proud to announce that Emily Tryon, ALTA's senior director of public policy and government affairs, was named one of the top 100 lobbyists across the country in 2021 by the National Institute for Lobbying & Ethics.

FNF Appoints SVP of Investor & External Relations

In this role, Lisa Foxworthy-Parker will work closely with the Fidelity National Financial (FNF) executive team on articulating performance and key strategies of the company’s title and life and annuity businesses to constituents, such as sell-side analysts, equity and debt investors, rating agencies and regulators.

SoftPro Updates Integration With Fidelity’s agentTRAX

Agents of Fidelity National Financial's family of underwriters who use SoftPro can now use the agentTRAX Starter Search feature to search for starter records.

Grow Market Share With a Digital Closing Strategy

With more lenders offering digital closings and more consumers wanting them, now is the time to invest in your operation’s digital closing capabilities. You don’t want to lose ground to your competitors as the number of title companies offering digital closings has increased 228% since 2019, according to an ALTA survey. Additionally, 52% of those surveyed said closing times decreased utilizing RON, while 43% reported cost savings. You can tap into these operational efficiencies by attending an upcoming ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camps.

Do You Know All of Your State’s Laws and Regulations?

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Keep up-to-date with your state’s legislative changes and local customs and practices! Developed by industry regulatory counsel, each TIRS State Compliance Guide helps you stay on top of state laws relating to your business’ licensing and operating requirements. Editors have updated 20 state guides in 2021 and 26 in 2020 to reflect the latest regulations and statutes on their respective legislative sessions. An ALTA membership provides you with discounts on these publications.

Ransomware 101: How It Works

Ransomware is commonly delivered through phishing emails or via “drive-by downloads,” according to CISA. Phishing emails often appear as though they have been sent from a legitimate organization or someone known to the victim and entice the user to click on a malicious link or open a malicious attachment. Read on for tips on how to protect your data and network.

Choosing and Protecting Passwords

You probably use personal identification numbers, passwords or passphrases every day: from getting money from the ATM or using your debit card in a store, to logging in to your email or your company’s VPN. Tracking all the number, letter and special character combinations may be frustrating, but these protections are important because hackers represent a real threat to your information.

Insuring Native American Land Webinar Series

ALTA and its Native American Lands Committee produced a four-part webinar series titled "Insuring Native American Land: Special Issues and Consideration." Read on to listen to recordings from all four of the presentations. Presentations cover vesting and ownership of land, the Indian Non-Intercourse Act and Section 17 Corporations; statutory and regulatory authority and processes for leasing restricted Native American lands; and authority, recording and access. The final presentation applies the concepts to underwriting issues presented by hypothetical situations involving commercial and residential transactions.

Stewart to Acquire PropStream for $175M

Founded 15 years ago, PropStream provides residential real estate data and analytics.

 ALTA Advocacy Update

In this week's Advocacy Update, ALTA CEO Diane Tomb discusses how the $1.2 trillion Infrastructure Investment and Jobs Act signed into law by President Biden will benefit local communities, the economy and land value. Tomb also discuss an announcement by the CFPB and several other banking regulators that points to a more aggressive supervision and enforcement approach, the CFPB seeking comments on its inquiry into large technology providers and their payments systems and the upcoming ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camps.

Visionet Integrates With AtClose Digital Mortgage Solution

Visionet Systems has integrated its X1 Analytics X1 Xpress engine with AtClose to expedite turn times and closings, while reducing title production and curative costs.

Amrock Names New CEO

Nicole Beattie, who currently serves as executive vice president of mortgage servicing Rocket Mortgage, will replace the retiring Brian Hughes as Amrock's chief executive officer beginning Nov. 19.

Court Lottery Could Determine Fate of COVID Vaccine Mandate

The Biden administration may have a chance to revive its workplace COVID-19 vaccine rule that was blocked last week by the U.S. 5th Circuit Court of Appeals. More than a dozen lawsuits filed around the country challenging the rule—which requires employers with at least 100 workers to mandate COVID-19 vaccination or weekly testing combined with wearing a face covering at work—are expected to be consolidated in a single federal appeals court chosen through a lottery.

Attract New Talent With This ALTA Benefit

We know it’s hard to find employees and fully staff your office right now. Why not entice new title professionals with on-the-job training? From beginners to experts, everyone on your staff can benefit from ALTA’s Elevate Learning Center, sponsored by Qualia.

Spruce Bolsters Customer Service Team

Proptech company Spruce recently appointed Brian Kielian as head of customer experience, and Blair Drake as head of service delivery. These are both new positions for the company.

Relax and Learn at a Digital Closing & eMortgage Boot Camp

It’s been another successful (but busy) year. We’re still dealing with COVID. The holidays are coming. You’re stressed. However, as Freddie Mercury sang, “Time Waits For No One.” Because of this, we’ve scheduled two upcoming ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camps in cities where you can learn and relax—places where we can plan our digital closing hopes together!

Louisiana-based Title Company Accepts Cryptocurrency

The company said it can facilitate transactions using Bitcoin, Ethereum, Litecoin, Dash, Ripple and Bitcoin Cash.

 ALTA Advocacy Update

In this week's Advocacy Update, ALTA CEO Diane Tomb discusses the opportunity to attend an upcoming ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camp. Tomb also highlights FinCEN's extension of the Geographic Targeting Orders, a hearing on proposed bills to address cybersecurity and passage of the Infrastructure Investment and Jobs Act.

 Top Title Industry Claims Trends

Learning about claim trends and hearing stories that lead to claims are important to title professionals as they are a valuable teaching tool. Read on to learn the top claims trends, the most common process errors that lead to them and the three questions to ask when a claim is submitted.

 Investors Title Releases Q3 Results

North Carolina-based Investors Title Co. reported pre-tax income of $18.4 million during the third quarter of 2021. This compared to $18.9 million in pre-tax income during the same period a year ago.

 Stewart Reports Third-quarter Results

Stewart Information Services reported that its title segment generated $119.1 million in pre-tax earnings during the third quarter of 2021. This is up from $82.4 million during the Q3 of 2020.

SoftPro Integrates with Exacta Land Surveyor

The integration allows SoftPro users to electronically order an array of services offered by Exacta, including land surveys, field management services, utility and municipal lien searches, elevation certificates and estoppel reports.

Greater Illinois Title Named Title Company of the Year by Chicago Agent Magazine

Greater Illinois Title Co. (GIT) was voted Title Company of the Year for the third consecutive year by Chicago real estate agents in the Chicago Agent Magazine Agents’ Choice Awards.

Stewart Acquires Rainier Title

Stewart Title acquired Rainier Title Company, a title agency that has served the Pacific Northwest for more than 20 years.

Agents National Title Appoints Texas Underwriting Counsel

Agents National Title Insurance Co. named Kami D’Olive as underwriting counsel for Texas.

Realogy Title Group Partners With Ho’okele Title & Escrow

 Realogy Title Group and Ho’okele Title & Escrow announced a joint venture to provide title and settlement services to the Hawaii market.

 Old Republic Reports Third-quarter Earnings

Old Republic International reported that its title insurance segment generated pre-tax income of $135.7 million during the third quarter of 2021. This compared to $103.1 million in pre-tax income during the same period a year ago.

 Fidelity Shares Third-quarter Financials

Fidelity National Financial reported that its title segment generated pre-tax earnings of $486 million during the third quarter of this year. This compared to pre-tax earnings of $507 million during Q3 2020.

 First Am Reports Q3 Results

First American Financial Corp. reported that its title insurance segment generated $352.4 million in pre-tax income during the third quarter of 2021. This is up from $337.5 million in pre-tax income during the same period a year ago.

 FinCEN Renews Geographic Targeting Orders Through April 2022

The renewed Geographic Targeting Orders (GTOs) requiring U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate remain identical to previous orders. The purchase amount threshold remains $300,000 for the 12 covered metropolitan areas. FinCEN appreciates the continued assistance and cooperation of title insurance companies and ALTA in protecting the real estate markets from abuse by illicit actors. Read on to learn about the latest to create a beneficial ownership database and potential legislation that would expand the GTOs by making them permanent and national.

New: BOGO Your Way to Boot Camp!

Go digital with the ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camps! Right now, you can take advantage of our BOGO offer and bring a colleague or friend for free when you register. You have two chances to attend for your ultimate convenience.

 ALTA Advocacy Update

In this week's Advocacy Update, ALTA CEO Diane Tomb detailed the latest efforts to reach a deal on President Biden's reconciliation bill, which includes $150 million for affordable housing. Tomb also highlights Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra's testimony before Congress, as well as the Federal Trade Commission announcing its final rule to update the Safeguards Rule under the Gramm-Leach-Bliley Act (GLBA). 

 NEW: ALTA Registry E&O Tool is Open for Business!

Looking for an easy way to manage E&O insurance data submissions to your underwriters? If you are fed up with sending the same E&O data multiple times each year and constantly having to share spreadsheets, we have the solution. The E&O One and Done tool in the ALTA Registry is a free service to all title insurance agents who have a listing.

First American Completes Acquisition of ServiceMac

First American said ServiceMac’s mortgage subservicing business will enhance its ability to provide lenders and servicers with end-to-end mortgage, settlement, post-closing services and servicing-related products and solutions.

Title Alliance Appoints Underwriting Counsel for Western Division

In this role, Catherine Hartnett will be the first point of contact for transactions, including contract issues, earnest money disputes, title questions and complex escrow related matters.

Punctual Abstract Acquires Mississippi Research Firm

The acquisition of Slade Title Research solidifies Punctual Abstract’s footprint in Mississippi.

 Webinar Recording: Selfcare for a Stronger You Personally and Professionally

 The Docket: Virginia Supreme Court Addresses Badges of Fraud

Stephen Gregory, underwriting counsel for WFG National Title Insurance Co., provided today’s review of a decision by the Virginia Supreme Court that settled litigation involving the burdens of production and persuasion. Read on to learn why this decision is important to the title industry.

ALTA Elite Provider Profile: SitusAMC

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight SitusAMC, which helps title agencies and underwriters increase profits, shorten cycle times and reduce risk. The company provides title search, examination and commitment prep, policy production, tax certificates, title curative (liens/ payoffs/subordinations and municipal lien searches.

ALTA Reminds CFPB of Issues Impacting Title Industry

Testifying before Congress, new Consumer Financial Protection Bureau Director Rohit Chopra said the agency will focus on how technology giants impact the flow of money with the use of real-time consumer payments systems that collect huge amounts of personal data. Meanwhile, ALTA sent an introductory letter to Chopra that outlined key issues that affect ALTA members.

Report: Fraud Risk Tops Pre-Pandemic Levels

While most fraud types showed increased risk nationally, both income and property fraud risk decreased slightly, which aligns with the strong job market and home price growth, according to the latest report from CoreLogic.

 ALTA Advocacy Update

In this week's Advocacy Update, ALTA CEO Diane Tomb detailed the latest efforts to reach a deal on President Biden's Build Back Better plan and recent actions by new CFPB Director Rohit Chopra regarding data privacy and redlining. Tomb also highlighted a Senate hearing that analyzed the impact of private equity in the housing market and a report on climate change and the risks it poses to the financial system.

Baby Steps

In the 1991 film "What About Bob," Bill Murray’s character, Bob Wiley, suffers from phobias that make it difficult for him to leave his apartment. He’s divorced because his ex-wife likes Neil Diamond and he doesn’t. Bob is eventually referred to the egotistical Dr. Leo Marvin, played by Richard Dreyfuss. Dr. Marvin suggests Bob read his newly released book, "Baby Steps."

 Washington Regulator Proposes Rule for Storing Out-of-state Title Records

Currently, Washington mandates title insurance companies and agents to keep adequate records of all transactions. The proposed rulemaking would require title companies to store records in the state unless otherwise approved by the commissioner.

MERS to Store RON Recordings

The solution will allow notaries, RON platform providers and authorized parties during post-closing review, loan purchase and downstream events such as foreclosure to access and retrieve RON video recordings.

Hurry! Early Bird Rate Ending for Digital Closing Boot Camp

If you’re thinking about attending the ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camp in San Antonio, register today! The Early Bird rate for our first Boot Camp expires Nov. 1. Sign up now to get $100 off your registration and join us Dec. 6-7 in Texas.

RamQuest Supports Louisiana Food Bank

The provider of technology-based solutions for the title and settlement industry raised $2,440 for Second Harvest Food Bank in New Orleans during the 2021 ALTA ONE conference.

Report: Closing Fees as Percentage of Purchase Price Decreases

Countering skyrocketing home values, the title and settlement industry continues to find ways to manage homebuying fees as closing costs as a percentage of purchase price declined during the first half of 2021.

CoreLogic Completes Purchase of ClosingCorp

According to a release, the ClosingCorp team will join CoreLogic’s BUY segment, which includes various solutions focused on the origination of home loans. 

ALTA’s Romeo Named to PRIA Council of Advisors

Kelly Romeo, senior vice president and chief information officer for ALTA, was reappointed to the Property Records Association's (PRIA) Council of Advisors. Additionally, Elizabeth Blosser, ALTA’s vice president of government affairs, was named to PRIA’s Communications Committee.

ALTA Honors Evans With Honorary Membership

ALTA Past President Diane Evans NTP received an ALTA Honorary Membership during ALTA ONE, Oct. 13-15 in New Orleans.

Endpoint Secures $150 Million in Additional Funding

The funding from First American will further accelerate Endpoint’s title and settlement automation and expand its platform for proptech companies and real estate professionals.

ALTA’s ‘Godfather of Advocacy’ Honored for Advancing Title Industry

John Voso Jr. NTP was recognized for his dedication to advocating for the title industry during the 2021 ALTA ONE in New Orleans.

 ALTA Continues to Elevate Issue of Wire Fraud

For the third year in a row, ALTA successfully worked with the Senate Committee on Appropriations to push several federal agencies to focus more on real estate wire fraud and business email compromise (BEC) scams as part of Congress’s annual appropriations process.

 AM Best: Robust Housing Market Drives Historic Title Performance

The title insurance market remained robust in 2020 despite the economic slowdowns and lockdowns attributed to the COVID-19 pandemic, according to the ratings firm AM Best. Read on to learn what two analysts have to say about the industry's performance and if they have any concerns for the housing market.

FHFA to Expand Refi Programs to Help Housing Affordability

In the coming months, Fannie Mae and Freddie Mac (GSEs) will expand eligibility requirements for their RefiNow and Refi Possible refinance programs aimed at assisting low-income borrowers. The GSEs also will incorporate desktop appraisals into their Selling Guides for many new purchase loans starting in early 2022. 

ALTA Installs New President, Board of Governors

ALTA installed Dan Wold as president as well as its Board of Governors for the 2020-2021 year, during ALTA ONE in New Orleans. Read on to learn what priorities ALTA's leadership will focus on over the next year.

ALTA Good Deeds Foundation Awards $143K in Grants

In the latest round of giving, the ALTA Good Deeds Foundation awarded $6,000 grants to 23 charities supported by ALTA members. In addition, in the wake of Hurricane Ida, the Foundation awarded a $5,000 emergency grant to the Louisiana Hospitality Foundation, which provides emergency financial assistance to individuals in one of Louisiana’s largest employment sectors. Read on to see other organizations that received funds.

2020 ALTA TIPAC Awards

During the 2021 ALTA ONE in New Orleans, ALTA honored individuals and entities for their effort in helping to raise donations in 2020 for the Title Industry Political Action Committee (TIPAC).

Doma Appoints Florida Underwriting Counsel

In this role, Steven Presley will provide legal guidance to associates, independent and affiliated agents, support Doma’s Florida title and examination production and independent agency teams, and develop and present educational courses and trainings on state and national legal and underwriting issues.

First National Appoints South Carolina Underwriting Counsel

Barry Sloop has over 30 years of title industry experience and spent most of his career working for two national underwriters.

Insuring Native American Land: Applying What We Have Learned

12:00-1:00 p.m. ET | Wednesday, Nov. 10 | Register Today

In the final webinar of this four-part series, industry experts will review many of the concepts presented in the previous programs and apply those concepts to underwriting issues presented by hypothetical situations. The presentation will dig into underwriting issues involving commercial and residential transactions. Register for this webinar to help your company avoid potential pitfalls when handling transactions involving Native American land.

Vista Title & Escrow Grows Footprint in Inland Northwest

Vista Title & Escrow reached a deal to purchase Stevens County Title Co. in Colville, Wash., and expand its footprint in the growing region of the Inland Northwest.

Doma Names Florida Regional Agency Manager

In this role, Carlos Rodriguez will lead Doma’s team of Florida agency managers and support the needs of the underwriter’s commercial and attorney agents and customers.

National Title & Escrow Expands Presence in Missouri

Dexter, Mo.-based National Title & Escrow opened its fifth office after expanding into Sikeston.

ICE Launches New E-signing Solution to Simplify Notary Experience

Simplifile eSign Events offers agents a streamlined signing workflow, including in-person electronic notarization and remote online notarization.

ALTA Announces Winner of ALTA Our Values Award

The award program showcases the title insurance industry’s Our Values initiative, which serves as a cultural compass and highlights core ideals ALTA members embrace. Read on to see who received this year's award.

ALTA Announces Winners of 2021 Title Webbie Awards

ALTA has announced the winners of the 2021 Title Webbies, an awards program recognizing member companies that have created or redesigned the best industry consumer-facing website within the past year.

It’s Time to be All In at ALTA ONE

ALTA ONE provides the opportunity for title professionals to dive into trends and policies shaping the industry. It’s also the optimal event to reconnect with colleagues from across the country and prepare for upcoming opportunities and challenges. It’s time to be ALL In for your customers, your business, your team and your future. Read on for a summary of featured Omni Session speakers that will touch on leadership, diversity, seeing the world differently, cybersecurity and community.

Giving Back ‘A Passion’

Giving back to their community is part of the company culture at Missouri-based Monarch Title Co.

Is the Solution to Today’s Title Challenges Hiding in Plain Sight?

Title companies face multiple, intensifying challenges—from staffing shortages to volatile revenues to processes that are riddled with manual labor. But there is relief available if they know where to look.

Virginia Insurance Regulator Issues Guidance on Rebating Prohibition

The Virginia Bureau of Insurance said it had received inquiries regarding whether a settlement services fee could be reduced or eliminated in order to obtain or retain business from a consumer.

TitleTap Partners with ALTA HOP on Website Marketing Integration

ALTA HOP can now be found on TitleTap’s HUB with a “one-click” option to have the integration added to a customer’s website for online digital resources and customizable collateral.

AmTrust Title Adds Underwriting Counsel in New Jersey

As underwriting counsel, John Cannito is responsible for providing counsel to AmTrust’s independent agents and helping them  close complex transactions, including larger commercial orders in New Jersey.

Doma Names Pennsylvania Agency Manager

In this role, Roxanne Golden supports Doma policy-issuing independent title agents and secures new business for the underwriter.

Get a Digital Closing Blueprint at an Upcoming Boot Camp

Go digital now with the ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camp! Don’t start from the back of the pack—put your business in the best possible position to succeed today. Check out a sample of the education sessions we have on offer to put you on the right path. Register with our Early Bird rates today!

 Happy Closings. Happy Customers. More Business.

The last touch point with consumers before they get the keys to their new home is the closing. As their representative, you want to make sure this process goes as seamless as possible. To help give your customers a great closing experience, they need to know what to expect. Real estate closings are changing across the country with more states allowing remote online notarization. Wire fraud threats continue to mount. Share this video with your customers to let them know how closings have changed during COVID.

Private Equity Firm to Purchase Majority of Title Resources Guaranty

Private equity investment firm Centerbridge agreed to purchase controlling interest of Title Resources Guaranty Co. (TRG), Realogy’s insurance underwriter, for $210 million. Realogy will maintain a 30% equity interest in a newly formed joint venture and also continue to own and operate its national title settlement and escrow services.

Qualia Named Among Top Fintech Startups

Qualia was named to the Fintech 250 by CB Insights for the second consecutive year.

SoftPro Releases New Integration With Agents National Title

With this release, title companies that underwrite with Agents National Title can request CPLs and policy jackets, including owner’s, mortgagee, short form, commitment or simultaneous issue directly from SoftPro 360.

WFG Renews Health Insurance Program for Title Agents

WFG National Title Insurance Co. has renewed its health insurance program that provides access to cost-effective coverage for its title agents.

Altisource Can Facilitate Transactions Involving Cryptocurrency

Buyers who select Premium Title, an Altisource affiliate, as their title and escrow provider will be given an option to purchase property using cryptocurrency.

Florida Agency Network Merges With International Title Partners

The merger with Clearwater, Fla.-based International Title Partners gives Florida Agency Network more than 30 offices with nearly 300 employees located in the Sunshine State. 

Punctual Abstract Names Vice President of National Sales

In this role, Mark Short consults with underwriters, title agents, real estate attorneys, lenders and third-party vendor partners to utilize Punctual Abstract’s title and escrow services and drive efficiency in their operations. 

Grab Your Exclusive Discount on the 2021 Title and Escrow Claims Guide Today

Pick up your Claims Guide today and enjoy an exclusive discount! Don’t miss our fall sale: Use the code Claims15 during purchase to get a 15% discount on ALTA’s 2021 Title and Escrow Claims Guide. The discount code is available through Friday, Oct. 22, for both the digital and printed versions. Subscribe Today

 Your ALTA President Has a Message for You

There’s still time to register for ALTA ONE! Your safety is our priority, and ALTA President Bill Burding NTP has an important update for you on our COVID-19 protocols and hurricane status. Don’t forget, you can register to attend in person in New Orleans or virtually throughout the event. You can even grab a day pass if you have limited time or a specific interest! Register Today

U.S. Property Records: Sometimes a Disaster

The U.S. land records system is quirky. It’s essentially an 1850s system with some automation built around it, but no real modernization like many other advanced countries. Read on to learn how Geographic Information Systems can help improve the property records systems across the country and facilitate the identification and documentation of property ownership including Black and Native American-owned land.

ALTA Ready to Work With New CFPB Director on Issues Impacting Members

The U.S. Senate voted 50-48 on Sept. 30 to confirm Federal Trade Commission official Rohit Chopra as the next director of the Consumer Financial Protection Bureau (CFPB). ALTA congratulated forward to working with Chopra and the bureau’s staff to help provide positive and compliant real estate settlement experiences for consumers. Read on to learn more about issues ALTA will focus on regarding regulation from the bureau.

Snapdocs Launches Solution to Eliminate Errors at Closing

According to company CEO Aaron King, the solution informs title and escrow agents about potential documentation issues sooner, creating loyalty with lenders and saving time remediating issues.

 From Serving Under Three U.S. Presidents to Leading ALTA

From serving under three U.S. presidents to leading ALTA, learn how Diane Tomb’s passion and vision for the title industry push her forward. CloseSimple’s co-founder Bill Svoboda sits down with ALTA’s CEO to discuss everything from her time working in the White House to how she is using her position to serve the industry and make an impact beyond the world of title and escrow.

Help Your Company and Customers #BeCyberSmart

Fall is in the air and stores are packed to the gourd with everything pumpkin flavored. We can debate the allure of cinnamon and spice, but one thing that can’t be denied is the importance of having good cybersecurity hygiene. Read on for tools and resources your company can use to raise awareness about cybersecurity.

ICE Mortgage Technology Names Head of Executive Accounts

In this role, Craig Austin will manage an enterprise team of account executives and relationship managers responsible for providing digital mortgage technology to lenders across the United States.

ALTA, Trade Groups Urge Congress to Pass Federal Consumer Privacy Legislation

ALTA joined 21 other associations urging Congress to pass national privacy legislation that equally protects all Americans. In a letter to U.S. Sens. Maria Cantwell (D-Wash.), chair of the Senate Committee on Commerce, Science and Transportation, and Roger Wicker (R-Miss.) ranking member of the committee, the groups urged the committee to develop legislation that provides robust protections for consumers, predictability for businesses and new resources for the Federal Trade Commission.

First American Expands RON Availability Across All Residential Transaction Types

First American Title Insurance Co. expanded availability of remote online notarization (RON) through its direct and agency operations for residential real estate transactions.

 Webinar Recording: Real Ways AI Can Help Title Agencies

Title Veteran Launches New Title Operation in South Florida

Industry veteran Marlen Rodriguez recently launched Miami-based New Dawn Title Group, which also has offices in Miami-Dade, Broward and Palm Beach counties. 

AmTrust Title Names Head of Technology

As head of technology, Priti Desai will be responsible for all aspects of technology for AmTrust Title.

First National Title Adds Industry Veterans to Lead National Agency Division

As executive vice president of the national agency division, Tom Klein is charged with developing the company’s business segment supporting national and multistate agencies. As vice president, Cheryl Klein will develop national, multistate and local agency relationships.

Florida-based Expetitle Raises $2.3 Million

Expetitle recently received $2.3 million in investments to help fund sales and marketing efforts.

Creating a True Partnership Between Title Agencies and Underwriters

WFG National Title Insurance Company recently published a whitepaper that examines how title agencies can collaborate with their underwriter to streamline operations and drive revenue.

ALTA Good Deeds Foundation Presents ALTA Unplugged

Guess what? We have a few changes to announce! (Shocking, we know.) It’s been one of those years, friends; by now, we hope everyone has learned to go with the flow. For the first time, the ALTA Good Deeds Foundation will be hosting ALTA Unplugged during ALTA ONE! Moved from its original Friday, Oct. 15, time slot, the event is now scheduled for Thursday, Oct. 14, from 6-9 p.m. The voodoo-themed event will be held in the Mark Twain Courtyard. The event is free, and all donations will go to support the ALTA Good Deeds Foundation. Join us for food, specialty cocktails and friends!

You Have Two Chances to Join Digital Closing Boot Camp!

ALTA, MBA and MISMO have teamed up to bring you the ultimate event designed to help you navigate the digital closing process. The ALTA, MBA & MISMO Digital Closing & eMortgage Boot Camps are here to help you go digital now. You have two chances to attend: Dec. 6-7 in San Antonio, Texas, and Jan. 13-14, 2022, in Clearwater, Fla. Don't miss out on our Early Bird rates!

 The Docket: Texas Supreme Court Settles Mineral, Boundary Dispute

Dan Buchanan, senior title counsel for First American Title Insurance Co., provided today’s review by the Texas Supreme Court that enforced a boundary stipulation between a leasehold owner and neighboring lessees. Read on to learn why this decision is important to the title industry.

SimpleNexus Integrates With DocMagic

The integration of SimpleNexus' closing e-mortgage solution with DocMagic's e-vault and e-note technologies enables the automated generation of an e-note with a tamper-evident seal. 

Land Title Association of Arizona Honors Person of the Year

The Land Title Association of Arizona recently honored Tyler Newlon of Pioneer Title Agency with its John K. Graham Title Person of The Year Award.

CATIC Begins Operations in South Carolina

In business for more than 50 years, the CATIC Family of Companies is now licensed in every state east of the Mississippi and in Texas. 

PropLogix Acquires ASAP Tax and Lien Search

ASAP Tax and Lien Search, which services Florida, was founded in 1999 by Francine Citarella and operated as a family-run business

Second Quarter 2021 Title Insurance Industry Market Share Executive Summary

Title Insurance Industry Market Share and Financial Statement compilations for the 2nd Quarter of 2021 are now available on the ALTA website (www.alta.org/industry/financial.cfm). The second quarter of 2021 was again a very positive quarter for the title insurance industry. Title Insurance Premiums Written were up 56.3% from the second quarter of 2020. Total Operating Income was up 52.4%, Operating Expenses were up 50.8% and Loss and Loss Adjustment Expenses were up  41.7%, resulting in Net Operating Gain up 73.5%.

ALTA ONE is Prioritizing Your Safety

We know many of you have questions about what the COVID-19 safety protocols will look like at ALTA ONE. As always, your health and safety are our priority. With that in mind, you can expect to see the safety protocols listed in this article at ALTA ONE. Join us in New Orleans, Oct. 12-15. Register Today

ALTA Policy Forms: Technical Correction Issued for Homeowner's Policy

New 2021 ALTA Policy Forms collection were published July 30. Since being published, a technical correction has been issued for the ALTA Homeowner's Policy. Read on to access the forms and updated Homeowner's Policy, as well as redlines and comparison charts. To prepare for the new forms, title companies should participate in training and guidance from their underwriters. Agents will also want to work with their production software providers to ensure that the updates have been made after forms have been appropriately filed and approved by state regulators, and authorized by their underwriters.

Good Deeds: The Right Thing to Do

After the launch of the ALTA Good Deeds Foundation last year, Florida Title Insurance Co. implemented a program to donate a portion of each month's closing proceeds to a selected charity. Over the past year, the title company has donated $20,000 to various organizations. Have a good deed to share? Read on. During ALTA ONE next month in New Orleans, we will announce the latest recipients of grants from the ALTA Good Deeds Foundation. The foundation will award $143,000 to 24 nonprofit organizations across the country. 

Turn Times Top Lender Concerns, WFG Survey Shows

Turnaround times are among the chief operational challenges for lenders, according to a survey by Williston Financial Group (WFG). The results signal a marked increase in concern over the impact lengthy turnaround times are having on real estate transactions.

Insurance Broker Acrisure Enters Title Market

Global insurance broker Acrisure has entered the real estate services business through its acquisition of New York-based Tempo Title.

First American Appoints Chief Legal Officer

In this role, Lisa Cornehl is responsible for setting First American's legal strategy and overseeing legal affairs.

Equity National Title Names COO

As chief operating officer, Jennifer Pensa manages the company's day-to-day operations and is charged with optimizing the systems, technology and production processes that are critical to settlement services providers in an emerging purchase mortgage market.

Compass to Acquire Denver-based First Alliance Title

The acquisition extends Compass' title and escrow portfolio that now serves California, Colorado, Florida, Maryland, Texas, Virginia, Washington and Washington, D.C.

ALTA Elite Provider Profile: Skyline Lien Search

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight Skyline Lien Search, which provides lien searches, HOA estoppels, HOA verification and tax certificates. Find out how the company's resolutions department will change the way you think about lien search companies.

ALTA ONE has the Commercial Education You Need

October 12 - 15, 2021 | New Orleans | Register Today
If you’re still waiting on a reason to head to ALTA ONE, look no further: Join us for our Commercial Network education track! Whether you attend virtually or in person in New Orleans, Oct. 12-15, we have a full slate of sessions geared toward you. To accommodate everyone, ALTA ONE is extending both the room block and the cancellation deadline until Sept. 24.

 New RULONA Amendment Gives More Flexibility

It’s not news to anyone in the title industry that there has been an explosion of interest in remote online notarization (RON) since the start of the COVID-19 pandemic. The past year also saw growing interest in paper alternatives to the RON experience. Read on to learn how the new RULONA amendment provides more flexibility as well as the three ways to perform a paper remote online notarization.

 ICYMI: August Edition of TitleNews

The cover article of this edition looks at the 228% spike in title companies offering remote online notarization since 2019, along with the reintroduction of the bipartisan Securing and Enabling Commerce Using Remote and Electronic Notarization Act and a survey from Fannie Mae that shows more consumers conducting the entire homebuying process online. Additional features include Freddie Mac’s RIN guidance includes multifactor authentication requirement; the new RULONA amendment provides more flexibility to the signing process; elders are the top target of financial fraud; and FinCEN's Geographic Targeting Orders run through October 21.

 The Docket: Ninth Circuit Holds Unrecorded Road Map Is Public Record

Shawn Briner of the law firm Briner Law Group LLC provided today’s review of a decision by the U.S. Court of Appeals for the Ninth District that held a county road does not need to be filed in the land records to be a “public record.” Read on to learn why this ruling could open the industry to increased liability.

Radian Launches Blockchain-backed Title Insurance Offering in Five States

After initially debuting in Florida, Radian Group has launched its blockchain-based title insurance and closing services in Arizona, California, Nevada, Ohio and Pennsylvania.

Doma Appoints Louisiana Agency Manager

In this role, Karen Woodard will service independent title agent and attorney customers, and secure new business in an important area of expansion for Doma underwriting.

 Everyone has a Plan, Until Punched in the Mouth

Former boxer turned modern-day philosopher Mike Tyson offered the famous quote, “Everyone has a plan until they get punched in the mouth,” prior to one of his fights against Evander Holifield. Whenever you are doing any planning, it’s important to remember these immortal words.

 RESPA Rules for Advertising

If a title or settlement company is looking to enter into a marketing services agreement (MSAs) with another company involved in the mortgage or real state transaction, it’s important to know what is acceptable and what’s illegal under RESPA. There are a lot of questions about what you can do to connect with customers. Read on to learn more.

WFG Names VP of Strategic Growth

WFG National Title Insurance Company has hired industry veteran Jason Vasek as vice president of strategic growth.

Compass to Acquire LegacyTexas Title

In addition to the deal to acquire LegacyTexas Title Co., Compass has purchased Washington D.C.-based KVS Title and title and escrow software startup Modus over the past year. 

Covius to Acquire Nationwide Title Clearing

Covius Holdings has reached an agreement to acquire Florida-based national lien release provider Nationwide Title Clearing.

First National Title Appoints Southeast Region Agency Manager

First National Title Insurance Co. (FNTI) recently added Matt Powell as senior vice president and agency manager for its Southeast region.

 Old Republic Settles No-Poach Allegations in New York

Old Republic Title Insurance Co. agreed to pay $1 million to settle allegations it entered into no-poach agreements with competitors in New York, according to the state’s attorney general. Old Republic, which cooperated with the attorney general’s office, didn’t admit or deny the findings.

ALTA ONE to Spotlight Former White House CIO and TV Star

From a worldwide health pandemic to hurricanes and wildfires to unrelenting cyberattacks: Where you may see uncertainty, former White House CIO Theresa Payton sees a future of technology innovation and hope. In her session at ALTA ONE, Oct. 12-15 in New Orleans, she will discuss her unique perspective on accelerating and reimagining your technology while also keeping your employees, customers and data secure. Register Today!

ALTA Urges Congress to Extend National Flood Insurance Program

ALTA joined a coalition of 17 other groups asking Congressional leadership to extend the National Flood Insurance Program (NFIP) before it expires Sept. 30.

2021 ALTA Commercial Network Webinar Series

Check out all four of the recordings from the 2021 ALTA Commercial Network webinar series. The presentations focused on the 2020 U.S. Supreme Court decision in the McGirt v. Oklahoma, the new ALTA Policy Forms, the revised ALTA NSPS Land Title Survey Standards and potential changes to 1031 business.

Fannie, Freddie Certify SimpleNexus as E-Closing Solution Provider

The designation affirms that SimpleNexus’ Nexus Closing e-mortgage solution meets the technical requirements for e-closing, e-note and e-vault functionality by both government sponsored entities.

SnapClose, Stewart Expand Integration

The integration allows title agents, attorneys and escrow officers the ability to generate policy jackets and closing protection letters from Stewart directly from the SnapClose Pro platform, the companies announced.

Mental Health Matters in the Office, Too

Thursday, Sept. 23, 2021 | 1:00 - 2:00 PM ET | Register Today

Between a worldwide health pandemic, major weather events, wildfires and just getting the kids back to school, you’re dealing with a lot of stress at home. Meanwhile, the title industry continues to handle historic order volume, and you can’t help but feel the pressure. Join us for a free SoftPro-sponsored ALTA Insights webinar and learn tactics to identify stress as it sneaks up on you. 

Survey: Homebuying Surge Highlights Need for Home Closing Consumer Resources

Only one in five homebuyers understand the documents they signed at closing, according to a survey commissioned by Qualia. Through the Homeowner Outreach Program, ALTA provides exclusive resources—including blogs, educational flyers, print and digital ads, infographics, posters and presentations—to help ALTA members explain title insurance and the closing process.

Long Companies Expands Into Title, Escrow

Arizona-based Long Companies launched Agave Title Agency in an effort to provide a one-stop-shop for its customers.

ALTA Continues to Ask Congress to Support Section 1031 Like-Kind Exchanges

ALTA joined 39 other trade associations urging members of Congress to urged senators and representatives to preserve current law as it relates to 1031 like-kind exchanges.

First National Title Names Underwriting Counsel for Great Lakes

First National Title Insurance Co. named Tim Donovan as senior vice present and underwriting counsel for its Great Lakes region.

WFG Names South Texas Regional Manager and Houston Division President

In the newly created role, Monique Modica Vasek will head WFG National Title Insurance Co.'s expansion into San Antonio, Austin and Houston.

TitleBox Releases Tool to Speed Title Clearing Process

Philadelphia-based TitleBox has released a product that offers instant assessment of searches designed to help title agents clear title more efficiently while maintaining control of the decisioning process.

ALTA ONE is All In!

October 12 - 15, 2021 | New Orleans | Register Today
Between Hurricane Ida and the COVID-19 pandemic, there are lots of questions about ALTA ONE. We are happy to say that we are moving forward in-person. (There is a virtual option, too.)

When it Comes to Wire Fraud, Are We Asking Enough Questions?

Authentication and training are important, but why aren’t we thinking about attacking the threat from other angles as well? Read on as Paymints.io CEO Jason Doshi discusses solutions to wire transfer fraud.

ALTA 2021 TIPAC Donors

The Title Industry Political Action Committee (TIPAC) is ALTA’s voluntary, non-partisan political action committee (PAC). TIPAC raises money to help elect and re-elect candidates to Congress who understand and support the issues affecting the title industry. In 2021, 816 people donated $509,456 to TIPAC. In addition, $142,000 from 23 companies was donated to the TIPAC Education Fund.

 ALTA Member Profile: Doma’s Chief Data Scientist Strives to Take Title, Closing to New Galaxy

With a doctorate in astronomy and astrophysics, you'd expect to find Andy Mahdavi doing research to explain the birth, life and death of stars and planets in the universe. Fortunately for Doma, he's focused on developing solutions to simplify the homebuying process for earthlings. Read on to learn more about Mahdavi.

 People Remain the Greatest Asset

Companies in all industries have often said their greatest asset is their people. As the market shifts to a more demanding, hands-on purchase
market, now isn’t the time to forget.

Hurricane Ida Causes $27-40 Billion in Losses, CoreLogic Estimates

Insured and uninsured losses from wind, storm surge and inland flooding damages to residential and commercial properties in Louisiana, Mississippi and Alabama caused by Hurricane Ida are estimated between $27 billion to $40 billion, according to data from CoreLogic. The analysis does not include losses sustained in the Northeast due to the flash flooding.

 Cyber Coverage Premiums Increase 25%, Survey Shows

More ransomware attacks, poor risk management protocols and lack of employee training resulted in a 25.5% increase in the average premium for cyber insurance coverage, according to a survey from the Council of Insurance Agents & Brokers.

Boston National Title of Texas Bolsters Exec Team in Austin Region

Boston National Title of Texas recently named Monica Middleton as executive vice president of the Austin region. 

WFG Reports Q2 Results

Williston Financial Group (WFG) reported that its 2021 net revenue is up 45 percent during the first half of 2021 when compared to the same period a year ago.

ALTA Monitoring Situation in New Orleans

ALTA’s thoughts remain with everyone in the Gulf Coast area enduring the catastrophic damage caused by Hurricane Ida, which has left more than a million customers without electricity. With this year’s ALTA ONE scheduled to take place in New Orleans from Oct. 12-15, ALTA continues to monitor the situation closely—along with the latest on COVID-19 requirements—and will provide updates if there are any changes.

Q2 Title Premium Volume Up 56%

The title insurance industry generated $6.5 billion in title insurance premiums during the second quarter of 2021, according to preliminary data from the latest ALTAs Market Share Analysis. Title premium volume is up 56.3 percent compared to the same period a year ago.

PropLogix Secures Investment From Private Equity Firm

PropLogix secured a strategic growth investment from Accel-KKR, a technology-focused private equity firm to accelerate market expansion plans, scale product development and pursue acquisition opportunities.

Flueid Expands Platform to Fuel Purchase Transactions

Used primarily on refinances, Flueid will now apply its digital process to enhance traditional search and examination reviews for purchases.

Futura Title & Escrow Expands Alliance Title Brand in Idaho

Alliance Title & Escrow, which is part of the Futura Title & Escrow Family of Companies, recently acquired Boundary Abstract Co. in Bonners Ferry, Idaho.

Title Success Solutions Partners With Bowe Digital to Assist M&A Clients

Bowe Digital has established a strategic alliance with Title Success Solutions to provide comprehensive, expert services to help companies navigate the mergers and acquisitions market.

Hurry! Room Block is Closing for ALTA ONE

Save some money on your trip to ALTA ONE by securing your hotel room today! Get moving: Our room block at the Hilton New Orleans Riverside Hotel closes Wednesday, Sept. 8. Register Now.

Stewart to Acquire Informative Research for $192M

Informative Research provides credit, consumer, and real estate data and technology services through its proprietary platform to more than 3,000 customers.

 The Docket: California Appeals Court Finds Prior Quiet Title Judgment was Void

Kevin Sinclair, a partner with the law firm Sinclair Braun LLP, provided today’s review of a ruling a California appeals court that reversed a lower court’s ruling and found a quiet title judgment was void. Read on to learn why this case is important to the title industry.

Wolters Kluwer Integrates With ICE Mortgage Technology

With this integration, Encompass loan information from the ICE Mortgage Technology platform is delivered to the ClosingCenter platform. 

Core Title Services Can Facilitate Cryptocurrency Transactions

New York-based Core Title Services can now accept various cryptocurrencies for commercial and residential real estate purchases.

Time for Title Data Standards Is Now

While data standards are commonplace in other housing segments—such as real estate, mortgages and appraisals—there is no data standard in the title industry. But there has never been a better time to change this situation than now.

Former Football Star to Speak at ALTA ONE

Former New Orleans Saint Archie Manning has a message for you! An award-winning football star, humanitarian, author and father, Manning will headline Friday’s Omni Session—sponsored by Accutitle—at ALTA ONE, Oct. 12-15 in New Orleans, also available with a virtual option. Check out Manning's video. Register Today

ALTA, Trade Groups Support Bill to Create CFPB Bipartisan Leadership Structure

ALTA joined 27 other trade groups in a letter to Rep. Blaine Luetkemeyer (R-Mo.) expressing support for H.R. 4773, the Consumer Financial Protection Commission Act.

2021-22 Nominations for ALTA Board and Executive Committees

ALTA’s Nominating Committee is pleased to present the list of nomina­tions for the 2021-22 ALTA Board of Governors, as well as the Abstracters and Title Insurance Agents Executive Committee and the Title Insurance Underwriters Executive Committee. Nominations will be voted on during ALTA ONE, which will be held Oct. 12-15, 2021.

Title and Settlement Companies Make Inc. 5000 List

Strong origination volume last year helped several companies in the title and settlement industry make the Inc. 5000 list in 2021.

Flueid Receives Patent for Title Search Decisioning Platform

Texas-based Flueid has received a patent for its technology that the company says centralizes and automates the title clearance decision in less than a minute.

NATIC Names Associate National Underwriting and Expansion Counsel

In this role, Sheila Thiele assists North American Title/Doma’s national underwriting and state expansion team with underwriting, regulatory and compliance matters for the company’s national affiliated title agencies.

ALTA Announces AccuTitle as an Elite Provider

ALTA’s Elite Provider Program features distinguished service providers committed to furnishing extensive benefits to the title insurance and settlement services industry. AccuTitle provides the title management platforms TitleFusion, Closers’ Choice, Landtech, and TrackerPro,

 Webinar Recording: How to Implement AI inYour Business

Listen to this Qualia-sponsored ALTA Insights webinar and learn how you can implement artificial intelligence technology to handle various repetitive tasks that will help your operation become more efficient and let your employees focus on growing marketshare.

 AI in Title: Solving Communication Chokepoints

The industry is using new AI-based technology that allows title agents to communicate with interested parties and clients without requiring two missed calls, three voice mails and an email to exchange one simple bit of information. 

 Webinar Recording: The Dirt on McGirt

The landmark U.S. Supreme Court decision in the McGirt v. Oklahoma in 2020 affirmed the historic reservation boundaries of the Muscogee (Creek) Nation in eastern Oklahoma. The court held that the lack of any clear action or intent to diminish that reservation’s boundaries by Congress left them intact. Listen to this ALTA Commercial Network webinar recording to learn how the ruling could impact the title insurance industry and property rights involving tribal land, the ALTA 47 Operative Law Endorsement Series and Policy Addendums.

FHFA Proposes Affordable Housing Goals for Fannie, Freddie

The Federal Housing Finance Agency (FHFA) proposed housing goals? for Fannie Mae and Freddie Mac to promote equitable access to affordable housing that reaches low- and moderate-income families, minority communities, rural areas and other underserved populations over the next three years.

Fintech Launches Cloud-based platform for Title Searches

Washington, D.C.-based fintech company WahooCloud announced the launch of its cloud-based platform as a service (PaaS) software aimed at digitizing the title search and payment process.

The Docket: Equitable Subrogation Prevails Over Forged Instrument Defenses

Ron Damashek, a partner at Dickinson Wright PLLC, provided today’s review of a ruling by an Illinois Appellate Court that held an equitable lien can be asserted despite a forged mortgage. Read on to learn why this case is important to the title industry.

Stewart Named a Top 100 Financial Technology Company of 2021

Stewart was ranked 24^th in a list that was topped by Square (merchant payments), followed by Stripe (merchant payments), Finastra (banking technology), Figure Technologies (consumer lending) and Personal Capital (wealth management).

ALTA ONE Speaker Highlights Diversity in Leadership

“You don’t have a diversity problem—you have a leadership problem.” The former director of executive recruiting at Google, Ginny Clarke is a proven expert in driving diverse leadership. In her ALTA ONE Omni Session, sponsored by the FNF Family of Companies, she will deliver a “no-holds-barred” discussion on the causes that lead to a lack of diversity in organizations. Join us for ALTA ONE virtually or in person in New Orleans, Oct. 12-15. Register Today

 Go Ahead, I'm Listening ...

We’ve all probably experienced a scenario like this. You’re having a conversation about something and later that day you’re bombarded by online ads for the product. You don’t really want a life-sized stuffed unicorn, but you happened to mention one while talking to your five-year-old and now your social media feeds and search results are full of ads for giant plush monstrosities.

ALTA Elite Provider Profile: SoftPro

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight SoftPro, which provides closing, title and escrow software aimed to make businesses more efficient and profitable.

 Webinar Recording: How ALTA Policy Form Changes Will Impact Commercial Deals

This ALTA Commercial Network webinar recording discusses changes to ALTA's Loan and Owner’s policies, as well as numerous endorsements that were published July 30. It's important to understand the revisions so you can educate your staff and commercial customers.

 Good Marketable and (Elder) Abuse Free Title

New initiatives will enable title professionals to go a step beyond awareness/to prevention. Randall Airst, the CEO of Exceedant, discusses the scope of the problem, a renowned case and tools that can be applied to protect seniors and their real estate.

 ALTA Board to Vote on Proposed Bylaws Amendments

ALTA's Board of Governors will vote on proposed amendments to its bylaws on Oct. 14, 2021.

alanna.ai and TitleTap Introduce Anna

A chat widget version of alanna.ai's conversational AI assistant, Alanna, can respond to general questions and gather information from users of any TitleTap-produced website.

North American Title Names Underwriting Counsel for Mountain Region

In this role, James Rogers assists with underwriting decisions pertinent to residential and commercial properties in Arizona, Colorado, Utah and Wyoming, as well as expansion into new states in North American Title's Midwest and Western regions.

First American Docutech Integrates with SimpleNexus

Lenders using SimpleNexus and First American Docutech can now provide borrowers the ability to e-sign initial mortgage disclosures through a single sign-on experience.

Happy Birthday to the ALTA Good Deeds Foundation!

Happy birthday to our baby, the ALTA Good Deeds Foundation! Now officially 1 year old, the Foundation incorporated one year ago this week on Aug. 17. To continue to fund important non-profit organizations, we need you. Please consider celebrating our baby’s very first birthday with a good-deed gift.

Advancing Diversity, Equity and Inclusion Through Corporate Social Justice

According to a recent Harvard Business Review article, “Corporate Social Justice is a framework regulated by the trust between a company and its employees, customers, shareholders, and the broader community it touches, with the goal of explicitly doing good by all of them.” Effectively applying this strategic approach over time can be a key differentiator for business leaders as it relates to successfully advancing diversity, equity and inclusion strategy in an impactful way for their respective organizations. With the American population growing more diverse over the past decade, according to data from the U.S. Census Bureau, leaders committed to driving meaningful changes must execute key strategic actions.

Title Alliance Celebrates Fresh Approach to Core Values

Pennsylvania-based Title Alliance recently unveiled a modernized, achievement-oriented approach to its core values. The guiding document aims to offer fresh insight into the mission and values of the growing, multi-state company.

First American Title Unveils Automated Title Decision Engine

According to First American, Clear2Go automates the title search, document collection and title examination, allowing a title agent’s production staff to rapidly create a title commitment for an eligible residential refinance or home equity transaction. 

eRecording Partners Network Expands in Kentucky

The Todd County Clerk’s Office has partnered with eRecording Partners Network (ePN) to bring e-recording to the Kentucky county effective Aug. 9, 2021.

RamQuest Integrates With United Tax Services

RamQuest announced its Closing Market digital network is now integrated with United Tax Services.

We Will be in New Orleans to Learn About Power of Perception. Will You?

How can we adapt and thrive when the ground beneath us is shifting? Neuroscientist Dr. Beau Lotto has spent decades studying the way we see—and in his ALTA ONE Omni Session, sponsored by First American, he will illuminate these principles of perception, helping you overcome biases, embrace uncertainty, transform your approach to creativity and unlock innovation. Join us for ALTA ONE in person in New Orleans or virtually, Oct. 12-15. Register Today

Mortgage Fraud Increases as Market Shifts to Purchases

A shift to a purchase-dominated origination market from strong refinance business has pushed fraud risk to its highest level since early 2019, according to CoreLogic’s latest report.

First American Settles Alleged Anti-inducement Violation With California Regulator

First American Title Co. agreed to pay $1 million after a California Department of Insurance investigation alleged that one of its former title marketing representatives violated the state’s law anti-inducement laws. The insurance commissioner said the penalty should serve as a warning to other companies.

CFPB Issues Rule for How 2021 Juneteenth Holiday Impacts Closings

Because the Juneteenth National Independence Day Act was signed into law two days before the newly created holiday on June 19 (which was a Saturday), it created regulatory compliance questions regarding certain timing requirements for closings. When the relevant time period began determines if June 19, 2021 is counted as a business day or federal holiday.

How to Get Employer Tax Credits for Providing Paid Leave for COVID Vaccines

The American Rescue Plan Act of 2021 (ARP) allows small and midsize employers, and certain governmental employers, to claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19. This includes leave taken by employees to receive or recover from COVID-19 vaccinations. The ARP tax credits are available to eligible employers that pay sick and family leave for leave from April 1, 2021, through Sept. 30, 2021. Read on to see if you're company is eligible, and how to calculate and claim the credit. 

OLTA Launches Academy

The Ohio Land Title Association (OLTA) recently launched its OLTA Academy to provide greater training opportunities and boost general knowledge of the industry. 

To Catch a Fraudster—Understanding Ransomware

Ransomware is expected to cost businesses over $20 billion this year according to security experts.  This cybercrime leverages malicious software (malware) that prevents users from accessing their computer networks, applications and files and demands a ransom payment in order to regain access.  Depending the sophistication of a ransomware attack, the cyber perpetrator may have access to personally identifiable information that is used as further leverage to obtain a ransom payment or the information is released on the internet. In light of recent and high-profile ransomware attacks that have affected the real estate industry, register for this CertifID-hosted webinar and hear from U.S. Secret Service agents who will explain the evolution of ransomware, current tactics used by cyberscammers to deploy and take over company networks, and ways to prevent your company from being a victim. 

Update on 2021 ALTA Forms Collection

Redlines are now available to all 2021 Policy Base Forms, Commitments and Endorsements that were published July 30. 

Get Exclusive Access to Legal Developments Affecting the Title Industry

When you need insightful analysis on new laws affecting the title insurance industry, turn to the Title Insurance Law Newsletter, sponsored by the FNF Family of Companies. Additionally, the 2021 edition of the Title & Escrow Claims Guide highlights the addition of more than 150 new court decisions. Subscribe Today!

Consumers Call Remote Online Notarization Process Safe, Secure

According to a survey issued by ALTA member company Champion Title, 97% of consumers who closed on transactions in Virginia using RON said the process was safe and secure. Additionally, 95% said they would recommend the RON process to others. Read on.

 FNF Reports Second-quarter Earnings

Fidelity National Financial reported that its title insurance segment generated $644 million in pre-tax earnings during the second quarter of 2021. This is up from $528 million in pre-tax earnings during the same period in 2020.

 Investors Title Releases Q2 Results

Investors Title Co. reported pre-tax income of $25.3 million during the second quarter of 2021. This is up from $17.9 million in pre-tax income during the same period a year ago.

Take ALTA's Hiring Practices and Challenges Survey

Hiring and staffing is one of every manager's main concerns. From a worldwide pandemic to a historic increase in real estate transactions, there are a multitude of reasons why attracting and holding on to stellar employees has been difficult. Now is the time to find out how your agency stacked up against the competition by taking ALTA’s Industry Hiring Practices and Challenges Survey.  This five-minute benchmarking survey will provide a snapshot into current hiring needs, practices and challenges. Only the aggregated data will be published in TitleNews.

WFG Appoints Underwriters in Michigan

Rachel Richardson and Tory Vincent will both serve as Michigan state counsel and national agency counsel for WFG National Title Insurance Co.

Consumers Call Remote Online Notarization Process Safe, Secure

According to a survey issued by ALTA member company Champion Title, 97% of consumers who closed on transactions in Virginia using RON said the process was safe and secure. Additionally, 95% said they would recommend the RON process to others. Read on.

Get Up-to-Date with Local Laws and Regs

Learn your state’s local customs and practices, not just the title insurance legislative changes and regulations, with the TIRS State Compliance Guide. Updates have recently been published for California, Texas, Florida, Virginia, Nevada, Michigan, Kentucky, Arkansas, Louisiana, New Mexico, Iowa, Rhode Island and Alaska. An ALTA membership provides you with discounts on these publications! Subscribe Today.

 ICYMI: July Edition of TitleNews

The cover article of this edition discusses results of an ALTA survey that shows wire fraud is attempted on a third of all transactions. Additional features include a court ruling that held a title agent has not insurance coverage for wire transfer fraud; a homebuyer’s life savings stolen in wire fraud but recovered in time for closing; the title industry asks Congress to support nationwide use of RON during ALTA Advocacy Summit; ALTA President Bill Burding interviews Rep. Ed Perlmutter; title premium volume jumps 45% during Q1; and Doma’s chief data scientist strives to take title, closing to a new galaxy.

 So, You’ve Acquired a Title Business. Now What?

For the title agent or owner seeking to grow, the due diligence and valuation process is critical to the success of the strategy. But often overlooked in the larger process is what comes after the contracts are signed. Aaron Davis, CEO of Florida Agency Network, says its important to not overlook the importance—and cost—of integrating two existing firms after the acquisition becomes final. Read on.

USDA to Provide $67M to Help Heirs Resolve Land Ownership and Succession Issues

The program aims to help agricultural producers and landowners resolve heirs’ land ownership and succession issues. Intermediary lenders—cooperatives, credit unions and nonprofit organizations—can apply for loans up to $5 million at 1% interest once the Farm Service Agency (FSA) opens the two-month signup window in late August.

ALTA Elite Provider Profile: DataTrace

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight DataTrace, which provides real estate title search technology, automation and property report production that enables settlement services companies to grow their title business.

Hurry: Final Days for ALTA ONE Early Bird Discount

There are only a few days left to take advantage of the Early Bird discount for ALTA ONE! Save $200 on your ALTA member in-person registration when you sign up by Monday, Aug. 9. (Prices as marked; no discount code needed.) Go ALL IN and join us for ALTA ONE in New Orleans, Oct. 12-15. Register today!

ALTA Supports Senate Bill to Research Discriminatory Covenants in Land Records

The Mapping Housing Discrimination Act would create a competitive grant program for educational institutions to conduct primary data analysis of local historic property records to identify racial covenants and racially restrictive language. The bill would also create a national database maintained by HUD of historic housing discrimination patterns in property records and support efforts by local governments to digitize historic deeds and other property records.

37 States Now Have RON Legislation

Illinois, New Jersey and Oregon became the latest states to pass remote online notarization legislation. There are now 37 states that allow this type of digital closing. Legislation in New York and New Hampshire is pending, while awaiting the signature of each state’s governor.

 The Docket: U.S. Appeals Court Says Debtor’s Half Ownership Claim Invalid

Michael R. O’Donnell, Desiree McDonald and Michael P. Crowley, all of the law firm Riker, Danzig, Scherer, Hyland & Perretti LLP, provided today’s review of a case where the U.S. Court of Appeals for the Eleventh Circuit upheld a bankruptcy court’s ruling that said a purchaser established valid title to the parcels and that the debtor half interest claim was invalid. Read on to learn why this case is important to the title industry.

 Doma Goes Public

Doma, which operates the title insurance underwriter North American Title Insurance Co., completed its  merger with special purpose acquisition company Capitol Investment Corp. V. The company stock is now being traded on the New York Stock Exchange.

FNF Launches Notary Platform to Enhance Digital Closing Experience

Fidelity National Financial announced the launch of its Notarize inHere platform and the expansion of its digital closing services team to enhance the experience for consumers and real estate professionals involved in real estate transactions.

Boston National Title Names SVP of Business Development

Boston National Title Agency has added Wendi Thom to serve as senior vice president of business development for the company’s commercial services division.

ALTA Commercial Network: How ALTA Policy Form Changes Will Impact Commercial Deals

Wednesday, August 11, 2021 | 1:00 - 2:00 PM ET | Register Today
With changes to ALTA’s Loan and Owner’s policies and numerous ALTA endorsements now in effect, the free ALTA Commercial Network webinar, “How ALTA Policy Form Changes Will Impact Commercial Deals,” will help you understand the revisions so you can educate your staff and commercial customers. Register for this SoftPro-sponsored webinar today.

X1 Analytics and Title Data Partner to Expedite Title Production in Texas

Licensed title companies in Texas that subscribe to Title Data’s title plants will have access to the X1 Xpress data analytics engine to accelerate title production in the state.

 Old Republic Posts Second-Quarter Results

Old Republic International Inc. reported that its title insurance division generated pre-tax income of $138.9 million during the second quarter of 2021. This is up from $65.4 million in pre-tax income during the second quarter of 2020.

 First American Shares Second Quarter Financial Results

First American Financial Corp. reported that its title insurance and services segment generated pre-tax income of $402.4 million during the second quarter of 2021. This is compared to $237.8 million in pre-tax income during the same period a year ago.

 Stewart Reports Q2 Earnings

Stewart Information Services Inc. reported its title segment generated pre-tax income of $125.7 million during the second quarter of 2021. This is up from $54.8 million during the same period a year ago.

ALTA, Other Trade Tell Congress G-fees Must not be Used as ‘Piggybank’

ALTA and several other housing trade organizations requested Congress refrain from using Fannie Mae and Freddie Mac's guarantee fees (g-fees) to help pay for any infrastructure package being negotiated in the Senate.

Stewart Acquires Ohio-based Title First Agency

Headquartered in Westerville, Ohio, Title First also has offices in West Virginia, Indiana, Illinois, Michigan and Texas. The company is licensed to operate in 34 states with strategic partnerships throughout the country.

Attorneys’ Title Guaranty Fund Elects New Board Chair

Attorneys’ Title Guaranty Fund Inc. elected Steve Norgaard as chair of its board of directors. The company also added David Dunn, Aurora Austriaco and James Hallene to its board.

 Virginia Title Company Owner Involved in Romance Scam Sentenced for Stealing Escrow Funds

The former president of an escrow and title company was sentenced July 26 to 18 months in prison for misappropriating $715,000 of closing funds in connection with 48 real estate transactions for which she served as the settlement agent.

Punctual Abstract Names Director of Sales

In this role, Brian Hayes leads strategic initiatives designed to streamline sales processes and is charged with steering the customer experience.

 Webinar Recording: How the Economic Proposal Could Curtail Your 1031 Business

This ALTA Commercial Network webinar recording, which is sponsored by This FNF Family of Companies, discusses how the Biden Administration’s proposal would hinder 1031 business, the impact like-kind exchanges have on the economy and what you can do to protect this important source of capital for housing. Learn how you can take action and protect this business source.

First American Names Regional Underwriting Counsel for Gulf Coast

In this role, Kenneth Farmer will provide underwriting guidance and assistance to title agents in Alabama, Arkansas, Mississippi, Louisiana and Tennessee.

Uniform Law Commission to Draft Model Legislation for Restrictive Covenants

The Uniform Law Commission  recently authorized the appointment of a new drafting committees to develop model legislation that would create a process for property owners to remove discriminatory restrictive covenants from deeds.

SoftPro Named Best Place to Work by Triangle Business Journal

The 2021 Best Places to Work winners were chosen based on employee participation and their responses to a survey. SoftPro has been named to the journal’s Best Places to Work eight previous times.

Watch Your Friends on Stage at ALTA ONE

Find out who is winning awards, who is being honored and who earned a National Title Professional designation this year at ALTA ONE! Join us in person in New Orleans or check out our virtual option, Oct. 12-15. Your friends and colleagues need your support: Cheer them on from wherever you are! Register before Aug. 9 and receive $200 off your in-person registration.

Data Privacy Implications for Service Provider & Third-Party Contracts

Comprehensive data privacy laws, like what has been passed in California and Virginia, require covered entities to manage service provider and third-party relationships. In the event of a data breach, notifications to consumers and/or regulators may be required. If your business is subject to data privacy laws, ALTA encourages companies to consult counsel on updates to both new and existing contracts. Read on for tips as you review your contracts.

Banking Regulators Request Comment on Proposed Guidance for Third-party Risk Management

The proposed guidance is intended to assist banking organizations in identifying and addressing the risks associated with third-party relationships and responds to industry feedback requesting alignment the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency with respect to third-party risk management guidance.

 Video: Primer on the Gramm-Leach-Bliley Act

Legislators Reintroduce Bipartisan Judicial Privacy and Security Act in Senate, House

The Daniel Anderl Judicial Security and Privacy Act of 2021 shields the personally identifiable information of federal judges and their immediate family, including home addresses, social security numbers, contact information, vehicle registration information, and the name of the schools and employers of their immediate family members. The bill includes all the requested changes from ALTA’s Redaction Workgroup.

First American Appoints Chief Intellectual Officer

As chief intellectual officer, Rouz Tabaddor will accelerate the expansion and monetization of the company’s intellectual property portfolio, which includes 30 active patents and an additional 13 patent applications pending.

North American Title Adds Agency Compliance Manager

In this role, Janice Cassidy will evaluate and monitor North American Title's appointed independent policy-issuing agencies, settlement agents, escrow agents and approved and supported attorneys for compliance with agency underwriting agreement requirements, company programs, legal and regulatory requirements and ALTA Best Practices initiatives.

Cloud-hosting Vendor Suffers Ransomware Attack

Cloudstar, which is a cloud-hosting and data security provider to title and settlement companies, was the target of a sophisticated ransomware attack in July. Several software vendors and title companies offered their expertise and services to help title companies impacted by the cybersecurity incident. 

Fannie Mae Survey: Homebuyers Remain Satisfied With Mortgage Process

The survey showed that 88% of recent homebuyers expressed satisfaction with the mortgage process during the first quarter of 2021. This remained unchanged from 2020. More consumers are gradually migrating to a complete digital process. According to the survey, 12% of recent homebuyers conducted their transaction completely online during Q1 2021. This is up from 7% compared to the same period a year ago.

Elder Abuse Warning Signs and Red Flags

While title and settlement agents typically don’t come into contact with the subject until the closing, it’s important to be aware of red flags and proceed cautiously when encountering irregularities or unusual situations. Read on for signs to consider when evaluating whether a party to the transaction might be suffering from reduced mental capabilities.

SoftPro Integrates with Stewart Access

The integration allows SoftPro users to generate approved Stewart closing protection letters and policy jackets.

Qualia Releases New Digital Closing Automations

The new Qualia Connect capabilities provide ways for title and escrow businesses to create custom automations for many common partner and client interactions.

North American Title Names National Commercial Services Director

As director of national commercial services and senior regional underwriting counsel, Margaret Redman will serve as the point of contact for national commercial agents and help North American Title Insurance Co. continue its communications with industry regulators.

Punctual Abstract Introduces Document Recording Solution

The new offering enables Punctual Abstract to take a title agency’s file from start to finish, from the abstract through to document recording. 

First American Unveils New Tech Platform for Real Estate Pros

With FirstAm IgniteRE, real estate professionals through single sign-on access can share transaction details with First American Title’s escrow team and homebuyers and sellers.

What Do You Want to Know?

This year at ALTA ONE, you will learn more about what’s next in technology, how government affairs impact your business, where your next deal is coming from, how to elevate employees to leaders, what skills you need for effective storytelling and much, much more. Don’t forget: Through Aug. 9, you can receive $200 off your in-person registration. Register today!

 Webinar Recording: Designing an Exit Plan to Maximize Value and Ensure a Successful Transition

The profitable past year has spurred a wave of industry veterans to consider selling their companies and cash out after decades of getting deals done and protecting property rights. However, it can be overwhelming to think about planning an exit strategy while continuing to serve customers. The good news is you don’t have to develop your entire succession plan today. Listen to this Stewart-sponsored ALTA Insights webinar to learn how title company owners can best evaluate, cultivate and execute a successful transition away from their title company through a comprehensive succession planning strategy.

ALTA Accepting Proposals to Help With Website Redesign

ALTA exists to help members excel in a changing business and regulatory environment. To help with this effort, ALTA plans to redesign its website and several other external sites to improve user experience and functionality. ALTA has issued a request for proposal for companies interested in helping us reimagine, rebuild and deploy a new website. Proposals are due Aug. 6.

Elders Top Target of Financial Fraud

According to the 2020 IC3 Elder Fraud Report, 28% of the total fraud losses in 2020 were sustained by victims over the age of 60, resulting in approximately $1 billion in losses to seniors. While title and settlement agents typically don’t meet the subject until the closing, it’s important to be aware of red flags and proceed cautiously when encountering irregularities or unusual situations. Read on for more results.

ALTA Elite Provider Profile: PropLogix

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight PropLogix, which provides detailed municipal searches, homeowners' association research and tax certificates to survey coordination and payoff tracking, as well as a remote online notarization platform.

SoftPro Integrates With Black Knight Property Tax Solution

With the new integration, SoftPro users will have the ability to access the data and experience a more seamless, technology-driven workflow to help simplify the tax and title process. 

Title Alliance Grows to Serve Phoenix Metro Area

Title Alliance Ltd. recently expanded in the Phoenix area with the opening of Title Alliance of Gilbert, through a joint venture with Keller Williams Realty-Gilbert.

Federal Title Continues Expansion in Capital Region

Washington, D.C.-based Federal Title & Escrow Company opened a new office in Maryland, bringing the company's total to five offices serving the Capital region.

CFPB Finds Mistakes With Simultaneous Issue Rates on TRID Disclosures

Some lenders are inaccurately disclosing fees for lender’s title insurance on the TILA-RESPA Integrated Disclosures in violation of Regulation Z, according to the Consumer Financial Protection Bureau’s (CFPB) summer Supervisory Highlights report. While report focuses on lenders, title and settlement companies should take note that the CFPB is reviewing disclosure of fees and finding mistakes.

Title Companies Offering Digital Closings Spikes 228% Since 2019

ALTA’s 2021 Digital Closing Survey of 300 title professionals showed that 46% companies offered digital closings in 2020 during the COVID-19 pandemic. Prior to the health crisis, a 2019 survey showed that 14% of companies offered digital closings two years ago. The ALTA Registry identifies title and settlement companies that can perform RON closings.

We Need Your Grant Application

If you support a non-profit organization that could use a little extra love, apply for a grant from the ALTA Good Deeds Foundation today! The grant application process closes July 31, and applicants will be notified of all decisions in September. Apply Today

First National Title Names Great Lakes Region Agency Manager to Handle Expansion

In this role, Jacquie Brink, who is the incoming president of the Michigan Land Title Association, will head FNTI’s expansion efforts into the Great Lakes region.

Agents National Title Promotes Southwest Agency Manager

Agents National Title Insurance Co. promoted Mark Batis to agency manager for the company’s southwest division. Additionally, Agents National named Pamela Blake to the newly created position of Florida title production manager and Kimberly Fields as regional underwriting counsel.

Good Deeds: First American Champions Deliver

First American’s Diversity, Equity & Inclusion Advisory Council partnered with its #FirstAmCares Champions to sponsor Volunteer Month in April. Overall, the Champions campaign held over 40 virtual and in-person food drives raising $152,500 and collecting more than 15,000 pounds of food.

Knight Barry Title Expands Minnesota Reach

Knight Barry Title recently expanded once again in the Minnesota market with the acquisition of St. Cloud-based Heartland Title LLC.

ALTA Policy Forms Update

The new 2021 ALTA Policy Forms collection will be published July 30. To prepare for the new forms, title companies should participate in training and guidance from their underwriters. Agents will also want to work with their production software providers to ensure that the updates have been made after forms have been appropriately filed and approved by state regulators, and authorized by their underwriters.

ALTA Encourages Secretaries of State to Support SECURE Notarization Act

In a joint letter, ALTA and the Mortgage Bankers Association encouraged the National Association of Secretaries of State to support the bipartisan Securing and Enabling Commerce Using Remote and Electronic Notarization Act, which has been reintroduced in the House and Senate.

North American Title Names Agency Manager for Dallas Market

In this role, Brendan Lewis will be responsible for securing new independent title agent business and servicing policy-issuing agents of North American Title Insurance Co. in the Dallas market.

First National Title Names Agency Manager and Underwriting Counsel in Mid-Atlantic Region

First National Title Insurance Co. has named John Micciche as vice president and agency manager, while Ned Livornese joined the company as national and Mid-Atlantic underwriting counsel.

First American Acquires Texas-based Georgetown Title

Georgetown Title will become part of the direct operations of First American Title Insurance Co., strengthening the company’s presence in Williamson County.

Qualia Integrates With Municipal Data Services

Through the integration, Qualia users will benefit from automated access to Municipal Data Services search products through the Qualia Marketplace.

CoreLogic to Acquire ClosingCorp

The transaction is expected to close in the third quarter of 2021 subject to regulatory approvals and other customary closing conditions.

Technology Can Help Title Agencies Deliver Smarter Customer Service

Market and regulatory pressures are forcing title agencies to reckon with the ways they interact with clients. Simply dedicating more personnel to collecting needed information or resolving customer inquiries is usually a luxury many cannot afford.

ALTA Commercial Network: How the Economic Proposal Could Curtail Your 1031 Business

Wednesday, July 21, 2021 | 1:00 p.m. - 2:00 p.m. ET | Register Today
Many title companies offer 1031 exchanges as a value-added service to existing customers or even generate new business. This revenue generator is on the chopping block as tax breaks for 1031 like-kind exchanges would be capped under a wide-ranging economic plan proposed by President Biden. Register for this free FNF-sponsored ALTA Commercial Network webinar to learn how Biden’s proposal would hinder 1031 business, the impact like-kind exchanges have on the economy and communities and what you can do to protect this important source of capital for affordable housing.

Finally, See Your Friends in Person!

Register Today
Head to ALTA ONE in New Orleans and network in person with your friends, coworkers and peers—or stay home and network virtually with our hybrid option! If you’re ready to go ALL IN in New Orleans, be sure to arrive in time for our Grand Opening Ceremony starting at 5 p.m. CT on Tuesday, Oct. 12. Next up is the Party in Market ONE, sponsored by SoftPro! These celebrations are not to be missed. 

John Bethell Title Company Names Partner in Indiana Operation

Owner John Bethell said he has long identified Kara Oltman as a potential partner and felt like now was the right time to make it a done deal. 

TitleWave Expands Into Colorado

TitleWave Real Estate Solutions named Deana Colliver as state manager of its operations in the Rocky Mountain State.

Kensington Expands Reach in D.C. Market With Acquisition

New York-based Kensington Vanguard National Land Services recently acquired Hometown Title & Escrow.

ICYMI: 'We Roll Up Our Sleeves'

The cover article of the May edition of TitleNews highlighted the organizations that received $125,000 in grants from the ALTA Good Deeds Foundation. You can also read more about each group here and the impact they are having on their local communities. Grant applications are being accepted through July 31 for the next round of giving. Help us keep growing communities by making a contribution to the ALTA Good Deeds Foundation.

Volunteer for an ALTA Engagement Group

Interested in getting involved with ALTA? The association is accepting volunteers for its various engagement groups through Wednesday, July 15. Sign Up Today

Good Deeds: Keeping the Caring Going

Over the past year, ALTA has highlighted how members continue to serve their customers and communities through the #gooddeeds campaign. During the first quarter of the year, Continental Title Co. has donated over $10,000 to 14 organizations.

Title Premium Volume Jumps 45% During Q1 2021

The title insurance industry generated $5.68 billion in title insurance premiums during the first quarter of 2021 compared to $3.92 billion during the same period a year ago, according to ALTA’s latest Market Share Analysis.

ALTA-supported SECURE Notarization Act Reintroduced in House

U.S. Reps. Madeleine Dean (D-PA) and Kelly Armstrong (R-ND), along with 31 other members of the House of Representatives, reintroduced the bipartisan Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act of 2021. A similar bill was reintroduced in the Senate in May. Contact your member of Congress and request that they co-sponsor this important bill. 

 First American Settles Cybersecurity Charges With SEC

First American Financial Inc. settled charges with the Securities and Exchange for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information.

Stewart Title Combines Northern Nevada Divisions

Previously, Stewart Title’s Northern Nevada presence was divided into two divisions: The Legacy Division (previously Capital Title) and the Western Division (formerly Western Title Company).

ALTA Reports 1st Quarter Market Share Data

Enverus Acquires Integrity Title

Enverus, a global energy data analytics and SaaS technology company, plans to integrate Integrity Title's title plant databases in Texas and New Mexico into a unique-to-market online platform called Integrity Title Plants.

Title Alliance Expands in Washington

Title Alliance Ltd. recently added a new office in Washington to its family of joint ventures with Title Alliance Northwest.

Good Deeds: RamQuest and Pavaso GiveBIG With Matching Campaign

RamQuest joined forces with sister company Pavaso in May for a GiveBIG charity matching campaign.

Find Your Wright Brothers Moment

On April 16, NASA reported that the Ingenuity helicopter successfully completed a historic flight on Mars and safely landed back on the surface. It was the first powered, controlled flight on another planet. NASA said the Mars project went from a "blue sky" feasibility study to workable engineering concept to achieving the first flight on another world in just six years. How could you transform your company or community over the next six years?

It’s Time to Go All In at ALTA ONE

As we look to the future, now is the perfect time to focus on honing your skills and positioning your company for continued success. We’re ready to go ALL IN at ALTA ONE: Are you? Don’t forget: Through Aug. 9, you can receive $200 off your registration! Register Today.

 Closing Day is a Celebration

Community Title Network, Ridgway Law Group Expand in Delaware

Ridgway Law Group and its affiliated title agency, Community Title Network, recently opened its third office to provide settlement operations for the growing beach communities in Delaware.

ProperSign Adds Features to Help Notaries

The subscription gives notaries access to ID verification and knowledge-based authentication (KBA), a free digital certificate and eSeal, video file storage and an electronic journal.

Westcor Hires Michigan Underwriting Counsel

Westcor Land Title Insurance Co. recently added Kimberly O’Connor as Michigan underwriting counsel.

North American Title Appoints State Agency Manager for South Florida

North American Title Insurance Co. has added Nikki Dominique as state manager for southern Florida.

Radian Unveils New Portal to Aid Purchase Title Insurance, Closing Services

Titlegenius provides consumers access to Radian’s blockchain-enabled online portal that allows them to shop for title and closing services. 

Good Deeds: ‘Casual for a Cause’

Dominion Title & Exchange Services in Green Bay, Wis., recently launched a few campaigns, including “Casual for a Cause,” to raise money for local charities. Meanwhile, members of the New York State Land Title Association donated nearly $18,000 to four Feeding America foodbanks in New York.

National Homeownership Month: A Perfect Time to Educate Consumers

June is National Homeownership Month, a time to celebrate the benefits that homeownership brings to families, neighborhoods and communities across America. It’s also a time to help your customers understand the benefits of title insurance and how it protects their property rights. Through the Homeowner Outreach Program, ALTA provides exclusive resources—including PPTs, blogs, educational flyers, print and digital ads, infographics and posters — to help ALTA members explain title insurance and the closing process.

 The Docket: A Heir Raising Tale From New Jersey

Ron Damashek, a partner at Dickinson Wright PLLC, provided today’s review of a decision by a New Jersey state appeals court that restored the state’s ownership of more than 250 acres in the Pinelands National Reserve. Read on to learn why this decision is important to the title industry.

Bank Shot Names CEO, Partners With Rule 1 Ventures

Emily Traxler will lead Bank Shot as CEO, taking over from founders Bernardine Drake and Glenn Drake.

Lanco Title Joins Northwest Title Family of Companies

Lanco Title was founded in 1979, servicing the southeastern and central Ohio markets.

National Integrity Title Agency Unveils AI ‘Superhero’

New Jersey-based National Integrity Title Agency has deployed a conversational artificial intelligence-powered technology called "Robin," which is designed to manage routine and recurring conversations with clients without the need for human involvement.

ICE: Technology Helping Bring Closing Times Back Down

The time to close on a mortgage decreased for the fourth consecutive month, according to the latest report from ICE Mortgage Technology, but is still taking longer since the onset of the COVID-19 pandemic.

‘Together’ in Good Deeds

In Bellevue, Neb., Tom Low of TitleCore National volunteers at Bellevue Together, an organization that work closely with community leaders, school teacher and counselors to help those in need. 

ALTA Elite Provider Profile: PCN Network

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight PCN Network, which provides managed disbursement services.

Freddie Mac Issues RIN Guidance With Multi-factor Authentication Requirement

Most of Freddie Mac’s remote ink-signed notarizations (RIN) guidance mirrors what Fannie Mae issued except for a requirement for multi-factor authentication. Freddie's multi-factor criteria follow the MBA-ALTA and RULONA model acts, as well as the MISMO standards, while Fannie's audio-visual standards say that either two forms of signed government-issued identification be provided or two-factor authentication be used.

EEOC Updates COVID-19 Vaccine Guidance

The U.S. Equal Employment Opportunity Commission (EEOC) updated its “What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws” guidance document on May 28, providing clarity and guidance for employers on a number of vaccination issues. 

Earnestly Rebrands as Payload Keybox

Electronic payments platform Earnestly has rebranded as Payload Keybox in a move to reflect the wider array of payment services it provides to the industry.

Verus Title Expands Into Dallas-Fort Worth Market

Chris Mitchell, a 20-year title industry veteran, has been tapped to lead the title operations in the newly created position of managing director for its Texas operations.

AmTrust Title Promotes Chief Underwriting Counsel for Direct Operations

In this role, James Bozzomo will be responsible for leading direct underwriting operations across the entire direct commercial and residential platform.

Show Off Your New Website—and Win!

If you used 2020 to create or update your website, now is the time to show us what you’ve got! Submit your company’s new consumer-facing website for a Title Webbie Award and be recognized for your originality. Nominate Your Company Today!

Stewart Expands Commercial Operations With Thomas Title Acquisition

Stewart Information Services Corp. said it acquired the Arizona-based Thomas Title & Escrow to bolster its national commercial presence.

Spruce Raises $60 Million in Funding

The proptech company said the latest investment will toward building up its title and closing technology.

 Texas Passes Restrictive Racial Covenant Bill

At the request of a property owner or someone with an interest in real property, the Senate Bill 30 provides a mechanism for a judge to remove by an order language from deeds that prohibits ownership based on race, color, religion or national origin in violation of the Texas statutes. It also instructs the county clerk to file and index the deed modification. The Texas Land Title Association supported the legislation after working with the bill authors.

Fannie Mae Issues Guidance Regarding Remote Ink-signed Notarizations

Fannie Mae updated its Selling Guide announcing specific requirements for remote ink-signed notarizations (RIN) for loans issued on or after July 1. Fannie Mae added specific minimum standard audio-visual requirements for RIN.

North American Title Names Florida Agency Manager

In this role, Liz Fox will serve agents and approved attorneys for North American Title Insurance Co. throughout Central Florida.

Title Alliance Launches Central Processing Unit

The T.A. Central Processing Unit will provide administrative services including order entry, post-closing, recording division, disbursement and title curative across the company’s family of joint ventures.

Don’t Miss Out: Only a Few Days Left to Register

June 10 - 11, 2021 | Register Today
If you haven’t yet registered for ALTA’s Consumer Marketing Workshop, what are you waiting for? Joining us for this virtual event, June 10-11, couldn’t be easier. The content is provided in just six hours spread over two days so you can join from your office, dinner table or favorite coffee shop and still get your work done.

ALTA Board Approves 2021 Policy Forms

Revisions to the 2021 ALTA Policy Forms collection have been published and went into effect July 30, 2021. Recommended changes were approved by ALTA’s Board of Governors in May, for adoption on July 1, 2021.

ClosingLock Names New COO

Weston Conway previously worked in sales leadership roles at Procore and Dropbox, two venture-backed software companies. 

Knight Barry Title Acquires Two More Florida Companies

Knight Barry Title entered the Orlando market with the acquisition of Closing Boutique’s two offices in Clermont and Mount Dora. A second pending deal for West Palm Beach-based Home Title America will give Knight Barry its fourth office in South Florida.

First National Title Names Agency Manager for Mid-Atlantic Region

In this role, Anthony Nalbone will provide support services to FNTI’s agents in the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia.

 Webinar Recording: Privacy in Land Records

Recent state and federal legislative efforts aim to allow for record shielding and privacy measures in public documents, including land records. Listen to this ALTA Insights webinar, sponsored by Old Republic National Title Insurance Co., as industry experts discuss how a balance can be struck to protect at-risk individuals, while preserving public records and the ability for a covered party to buy, sell or refinance. The webinar addresses the history of redaction and record shielding in land records, provides redaction examples, outlines the current landscape driving record-shielding initiatives and provides effective solutions.

 Balancing Redaction in Public Land Records

For years, the title industry has taken efforts to protect Social Security numbers and other personal information of individuals involved in real estate transactions. Recent redaction measures are intended to shield the location and other personal information of individuals with recognized safety concerns from being accessible through documents contained in public records. While there is a need to shield protected classes with recognized privacy concerns, this must be addressed in a way that does not hinder the ability to complete transactions in a timely fashion.

Access Title Agency Expands Florida Presence

Randi Benge has been named manager of the new office in Bonita Springs, Fla.

Foundation Title & Escrow Expands Into Georgia

The Georgia branch, which will open in June, will be run by title industry veteran Kristie Parker.

Westcor Names Southwest Region Manager

Westcor Land Title Insurance Company recently hired Roy Poll as vice president and Southwest region manager.

ALTA Reports 4th Quarter and Year-end 2020 Title Industry Premium Volume and Market Share Data

Title Insurance Industry Market Share and Financial Statement compilations for the 4th Quarter of 2020 are now available on the ALTA website (www.alta.org/industry/financial.cfm). The fourth quarter of 2020 was a very positive quarter for the title insurance industry. Title Insurance Premiums Written were up 33.6% from the fourth quarter of 2019. Total Operating Income was up 33.7%, Operating Expenses were up 32% and Loss and Loss Adjustment Expenses were down 7.3%, resulting in Net Operating Gain up 79.8%. 

 AM Best: Colonial Pipeline Attack Puts Spotlight on Cyber Insurance Market

The ransomware attack on one of the largest pipelines in the United States highlights the interconnectedness of cyber risk and the importance of cyber security to all business operations, according to commentary from AM Best.

SimpleNexus Enhances eClose Solution With RON Capabilities

SimpleNexus announced that its closing platform now supports remote online notarization (RON).

Snapdocs Raises $150 Million in Funding

The company said the new round will accelerate its vision of building the digital infrastructure that connects lenders, settlement services and borrowers together to digitize mortgage closings at scale.

Stewart Acquires Cloudvirga to Strengthen Digital Footprint

Founded in 2016, Cloudvirga is a customer engagement platform and digital origination platform that powers lenders, originators and brokers while also automating back-office tasks.

Snag Your Early Bird Discount for ALTA ONE

ALTA ONE is heading to New Orleans—and you’re invited! Whether you plan on joining us in person or virtually, register today to snag your Early Bird discount. Through Aug. 9, you can receive $200 off your registration! Register Today

 Washington Passes Bill Addressing Discriminatory Restrictive Covenants

Washington Gov. Jay Inslee signed a bill that will increase awareness of discriminatory restrictive covenants and refine the court process for striking them from the chain of title.

 So You’ve Acquired a Title Business. Now What?

While the M&A due diligence process includes a pretty thorough review of the business being acquired, there are still aspects of the acquired business the new owner or owners may have to learn about after the ink on the contract has dried.

Better to go Public With Aurora Merger

Digital homeownership platform Better HoldCo Inc. will go public via a merger with special purpose acquisition corporation (SPAC) Auroa Acquisition Corp. in a deal with an equity value of about $6.9 billion and a post-money equity value of about $7.7 billion.

First American and Offerpad Partner to Provide 24-hour Closing for iBuyer

First American Title’s close cooperation with Offerpad made the companies’ first next-day close of escrow a reality for a Nevada customer who wanted to quickly qualify for his next home purchase.

SoftPro Integrates With CertifID

The integration allows settlement agents to send, confirm or collect wiring instructions for secure transfers through the SoftPro 360 business exchange portal.

Wire Transfer Scheme Targets Mortgage Payoffs, Secret Service Warns

The U.S. Secret Service issued an advisory warning of a drastic increase in wire transfer fraud related to mortgage payoffs.

Register for Today's Cyber Webinar to Hear from FBI, Secret Service

Tuesday, June 15, 2021 | 11:00 a.m. - 12:00 p.m. ET | Register Today

Cybercrime continues to grow, especially during the pandemic and the new age of remote work. Join us for this moderated discussion as government officials discuss the latest cyber threats, what agencies are doing to prevent cybercrimes and what the industry can do to help report criminal activity. Register for this RamQuest-sponsored ALTA Insights webinar to hear from the FBI and Secret Service and learn how you can help fend off cyberattacks and protect your customers and business. This presentation will not be recorded for later viewing.

Title Industry Asks Congress to Support Nationwide Use of RON

A record attendance of nearly 400 title professionals during the 2021 ALTA Advocacy Summit held more than 250 virtual meetings asking members of Congress to support nationwide use of remote online notarization (RON). On May 13, Sens. Kevin Cramer (R-N.D.) and Mark Warner (D-Va.) reintroduced the SECURE Notarization Act of 2021 (S. 1625).

CFPB Issues TRID FAQ on Build Act Partial Exemption

The Consumer Financial Protection Bureau (CFPB) on May 14 issued an update to its TILA-RESPA Integrated Disclosure (TRID) rule FAQs to address a partial exemption added by the Building Up Independent Lives and Dreams Act (BUILD Act) that became law in January 2021.

Wells Fargo Taps Doma to Streamline Its Refi Process

Wells Fargo & Co. will utilize Doma’s title and escrow platform to improve the refinance process for its customers.

First American Financial Names President

In this role, Kenneth DeGiorgio will have oversight responsibility for the corporation’s operating groups, including title insurance, specialty insurance and data and analytics businesses.

SoftPro Names Chief Technology Officer

In his new role at SoftPro, Gorkem Kuterdem will focus on long-term research and development strategy as well as ensuring the security and integrity of SoftPro’s current software and service offerings.

Shaddock Acquires Majority Interest of Kansas-based Continental Title

Shaddock National Holdings has finalized a majority equity acquisition of Continental Title Co., which is headquartered in Overland Park, Kan., and has over 20 locations across Kansas and Missouri.

Second Circuit Clarifies That Fear of Identity Theft is Enough Harm to Bring Suit

In an April opinion, the U.S. Court of Appeals for the Second Circuit clarified when data breach plaintiffs can rely on fear of identity theft to establish Article III standing. The decision may serve as an indication to how courts may view future, unrealized harms from data breaches.

 The Docket: An Exceptional Plat Attack

Ron Damashek, a partner at Dickinson Wright PLLC, provided today’s review of a decision by an Arizona appeals court addressing policy exceptions on a plat. Read on to learn why this decision is important to the title industry.

ALTA-supported SECURE Notarization Act Reintroduced in Senate

U.S. Sens. Mark Warner (D-Va.) and Kevin Cramer (R-N.D.) reintroduced a bipartisan bill supported by ALTA that would allow for the immediate nationwide use of remote online notarization (RON).

RamQuest Integrates With SearchCONNECT

SearchCONNECT is an affiliate of Investors Title and National Investors that provides search solutions in Florida, Georgia, South Carolina, Tennessee, Texas and Virginia.

ALTA Announces Skyline Lien Search as an Elite Provider

ALTA’s Elite Provider Program features distinguished service providers committed to furnishing extensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members’ critical needs.

 ALTA Insights: How to Set Up a Compliant Joint Venture or MSA

If you're considering entering into a marketing services agreement (MSA) or forming a joint venture, compliance should be top of mind. Listen to this ALTA Insights SoftPro-sponsored webinar recording to learn best practices when forming a joint venture or MSA so you can navigate any issues that arise after entering into a strategic alliance. Holly Bunting, a partner with the law firm Mayer Brown, addresses RESPA requirements, shares dos and don’ts for compliant arrangements, and digs into capitalization obligations, corporate structuring and associated costs for joint ventures.

Listen to the Latest ALTA Insights Podcast: What Keeps CIOs Up at Night

In the latest ALTA Insights Podcast, ALTA CEO Diane Tomb talks with Kelly Romeo, ALTA’s senior vice president and chief information officer. The discussion focuses on cybersecurity issues that keep chief information officers up at night, as well as the continued threat of wire transfer fraud and efforts by ALTA and title professionals to raise awareness and protect money involved in real estate transactions.

Dotloop and Notarize Partner to Enhance Digital Notary Experience

The Notarize integration is accessible within the dotloop platform and offers the ability to digitally notarize powers of attorney, lease agreements, survey affidavits, parental guarantors and other essential real estate documents in need of a notary stamp.

Share Your #GoodDeeds

ALTA started collecting and sharing examples of good deeds and how members continued to serve their customers and communities during the COVID-19 pandemic. We know these good deeds are still happening and ALTA wants to hear how you continue to support your customers and communities.

 What You Need to Know About the New ALTA/NSPS Land Title Survey Standards

Revisions to the Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys went into effect Feb. 23, 2021. The changes primarily focus on modifications to make the standard easier to understand. Refinements also address unintended liability placed on surveyors while assuring that lender and title needs are still adequately met. Other changes impact reporting of easements and how underground utilities are shown. Listen to this ALTA Commercial Network webinar recording, sponsored by Dell Technologies, to learn how these changes could impact your work on commercial transactions. Speakers include Gary Kent, owner of Meridian Land Consulting LLC, and Todd D’Amico , director of operations for First American Commercial Due Diligence Services Co. Kent is chair of the ALTA/NSPS Land Survey Work Group, while D'Amico is vice chair. Upcoming ALTA Commercial Network webinars will focus on proposed legislation that would end the real estate tax break when investors exchange property for gains above $500,000; the impact changes to the ALTA Policy Forms will have on commercial transactions; and changes to the 47 Series Endorsements and addendums following the U.S. Supreme Court decision in the case McGirt v Oklahoma.

 Join Us In Person at ALTA ONE!

October 12 - 15, 2021 | Register Today
You read that right: We’re getting the band back together IN PERSON at ALTA ONE! If you’re not quite ready to catch a flight, we’re still offering a virtual hybrid option. However you want to attend, register today for the title industry event that unites us all right when we need connection the most. Get $200 off in-person registration with our Early Bird Discount!

Advocating for You

Advocacy is important no matter the political party of the president or which side controls Congress. Whether you’re Republican or Democrat or none of the above, ALTA strives to promote your interests as well as the interests of the industry. You can help advocate for the title industry during next week's virtual ALTA Advocacy Summit. 

 Building an Inclusive Workplace

Diversity, equity and inclusion in the workplace are correlated to more creative, innovative and productive outcomes. In all contexts, but especially during a crisis, it’s critical to ensure employees from all backgrounds feel safe and supported. The U.S. Chamber of Commerce Foundation recently held a three-part webinar series to provide information about why culture and inclusion aren’t buzzwords or nice-to-haves, but critical pillars to a productive workplace. Read on as experts share insight on how to build a culture of empathy, mitigate unconscious bias in new work environments, and strengthen diversity and inclusion hiring strategies and talent pipelines.

AmTrust Adds to Leadership Team in North Atlantic Region

AmTrust Title Insurance Co. has named Jack Sudol as a senior agency representative in the North Atlantic region.

FNF Reports Q1 Earnings

Fidelity National Financial reported that its title insurance segment generated pre-tax income of $439 million during the first quarter of 2021. This compared to pre-tax loss of $53 million during the same period a year ago.

Outpouring of Gratitude from Those Helped by ALTA Good Deeds Foundation

As president of TitleSouth LLC in Alabama, Amye von Seebach knows 2020 proved to be a very successful year from a business standpoint for the title industry. However, the COVID-19 pandemic affected the homeless much differently. Von Seebach became overjoyed when she learned that Be a Blessing Birmingham would receive a $5,000 grant from the ALTA Good Deeds Foundation. Be a Blessing was one of 21 organizations that received grants totaling $125,000 that the ALTA Good Deeds Foundation awarded in March. Read on as many other groups that receives grants offered their thanks and gratitude.

Get Exclusive Access to ALTA Legal Publications

ALTA Legal Publications are the perfect tool for title professionals like you. But don’t take our word for it: Hear straight from your peers how ALTA Legal Publications can help your business. 

 Investors Title Reports First-quarter 2021 Results

North Carolina-based Investors Title Co. reported record results for total revenues, net premiums written and net income during the first quarter of 2021.

Accurate Group Acquires Coast to Coast Title & Escrow

Ohio-based Accurate Group recently acquired Coast to Coast Title & Escrow (CTC) to help expand the company’s presence in the Southeast.

First American Enhances ClarityFirst Platform for Commercial Transactions

With its latest release, ClarityFirst offers new services for portfolio transactions that include multiple sites and geographic locations, as well as a feature that allows customers to track deal progress and receive real-time notifications.

Florida Agency Network Adds Agency to Mix

Florida Agency Network has added Tarpon Springs, Fla.-based Patriot Title to its statewide network of title agencies.   

Agents National Title Fastest Growing Underwriter in 2020

Agents National Title achieved a 262% increase in premiums from 2019 to 2020, according to data from ALTA’s latest market-share report.

AmTrust Names Texas Agency Manager

In this role, Mike Watson will be responsible for the servicing and growth of AmTrust’s Texas agency partner network.

ALTA Elite Provider Profile: eRecording Partners Network

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight eRecording Partners Network, which provides a variety of recording solutions including a web-based traditional option, an outsourced e-recording service and an integrated recording solution.

 Stewart Reports First-quarter 2021 Results

Stewart Information Services reported that its title segment generated $77.1 million in pre-tax income during the first quarter of 2021. This compared to $14.8 million in pre-tax income during the first quarter of 2020.

Get One Step Closer to the White House with the ALTA Advocacy Summit

If you’re interested in hearing the Biden Administration’s perspective on the effects of the COVID-19 pandemic on small businesses and the economy—and where we go from here—you’ll want to attend the free and virtual ALTA Advocacy Summit, May 18-20. Cedric Richmond, Senior Advisor to the President and Director of the White House Office of Public Engagement, will speak to these topics and more on Thursday, May 20. Register Today

 First American Shares First-Quarter 2021 Financial Results

First American Financial Corp. reported that its title insurance and services segment generated $321.6 million in pre-tax income during the first quarter of 2021. This is up from $73.0 million in pre-tax income during the first quarter of 2020. Read on to find out what First American CEO Dennis Gilmore said about the company's investments in technology. 

 Old Republic Reports Q1 Earnings

Old Republic International reported that its title insurance segment generated $103.7 million in pre-tax income during the first quarter of 2021. This compared to $43.3 million in pre-tax income during the same period in 2020.

AccuTitle Acquires TrackerPro

AccuTitle announced it recently acquired New York-based TrackerPro, which provides a paperless office solution for the title insurance industry.

Cash Buyers New Target in Wire Fraud, CertfiID Warns

Federal law enforcement and industry experts see a sharp increase in wire fraud targeted at buyers paying cash for homes.

Title Alliance Begins Fourth Annual Gives Back Initiative

This year, the company has partnered with DomesticShelters.org, an organization with an online searchable directory of items needed for survivors of domestic violence.

Take ALTA's 2021 Digital Closing Survey

The growth of digital closing options during the COVID-19 pandemic has been massive. To collect more information, ALTA is surveying title companies about their digital plans. The more data we get, the more valuable the survey will be for agents wanting to benchmark their experience. Please take the survey and you’ll be entered to win one of five $100 Amazon gift cards.

U.S. Interior Department Takes Steps to Restore Native American Land

The U.S. Department of Interior on April 27 issued an order that eases the ability of Native American tribes to take land back into trust. Does your title company handle transactions involving Native American land? Read on to access webinar recordings and materials from three presentations provided by ALTA's Native American Lands Workgroup.

Biden Economic Plan Targets 1031 Exchanges

Tax breaks for 1031 like-kind exchanges would be capped under a wide-ranging economic plan proposed by President Biden. To pay for the package, the president's plan would end the real estate tax break when investors exchange property for gains above $500,000.

HG Holdings to Acquire National Consumer Title

North Carolina-based HG Holdings Inc. has entered into an agreement to acquire National Consumer Title Insurance Co. and National Consumer Title Group LLC, which indirectly owns 50% of the membership interest in Omega National Title Agency.

AmTrust Names Underwriting Counsel for New York Division

As business development and underwriting counsel, Margaret Ling will focus on the continued support, development and growth of the New York state agency division.

Get the Inside Scoop on Congress

What better way to learn more about the inner workings of Congress than to chat with former legislators? ALTA is honored to announce that we will be hosting former Sens. Trent Lott and John Breaux Sr. at the free and virtual ALTA Advocacy Summit, May 18-20. Sponsored by Stewart, the keynote will feature Lott’s and Breaux’s perspective on the agenda of the Biden Administration and the 117^th Congress and the dynamics of the 50-50 Senate as well as a Q&A period. Register Today

Fathom Holdings Acquires Technology Platform LiveBy

LiveBy's technology pairs local data with its geospatial boundaries to create insights that help boost website engagement, inform and attract consumers, and nurture agent leads. Fathom entered the title space in 2020 with the acquisition of North Carolina-based Verus Title Inc.

Attract More Talent with ALTA’s Compensation Index

2021 started off with a bang, and you need all the help you can get! Attract the best and brightest talent to your organization with a compensation package that beats your competition’s. To evaluate how good your company’s benefits really are, check out ALTA’s Title & Settlement Services Industry Compensation Index!

Purchase Originations on Pace for Record $1.67 Trillion, MBA Reports

Purchase originations are on track to grow 16.4% to a new record of $1.67 trillion in 2021, the Mortgage Bankers Association reported.

PropLogic Partners With E-Closing

E-Closing and E-Closing DoubleTime users can order municipal lien searches, association estoppels, surveys and lien release tracking through the integration with PropLogix.

SoftPro Integrates With DataTrace

The integration provides SoftPro users access to over 560 title plants, nationwide tax and recorded property data and more than seven billion document images provided by DataTrace.

First American Receives Patent That Enhances Optical Character Recognition

The patented enhancement applies artificial intelligence to validate and correct text obtained from a document image via OCR, fueling more accurate automated title underwriting and production on key text-based components of the title policy.

 The Docket: No Coverage for ‘Tire Poppers,' Indiana Appeals Court Holds

David Cox, of counsel for the law firm Jackson & Campbell, PC, provided today’s review of a decision by the Court of Appeals of Indiana that addressed coverage for "actual damages" and not for the insured's effort to thwart the neighbors’ use of the access easement. Read on to learn why this case is important to the title industry.

First National Title Names New Compliance/Regulatory Counsel

Chad Hansen’s legal experience will allow him to assist with regulatory and compliance issues as First National Title Insurance Co. expands both geographically and into other areas of business.

Expanded Power of Attorney Use to Expire April 30

While the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend some temporary loan origination flexibilities until May 31, the expanded use of powers of attorney will expire at the end of April.

ALTA Members Saved $800K on UPS Shipping in 2020

Thanks to a member discount program, ALTA member companies saved more than $814,000 in shipping through UPS in 2020.

Join ALTA's New Online Community

Communities are more important than ever in all aspects of our lives. That's one of the reasons why ALTA launched a new online community called ALTA Connection to provide a venue for ALTA members to share information, and build and expand their networks.

Free ALTA Advocacy Summit to Host Congresswoman Young Kim

May 18-20, 2021 | Register Today

ALTA is happy to announce that we will be hosting California Representative Young Kim at this year’s free and virtual ALTA Advocacy Summit. An immigrant, small-business owner, community leader and mother, Kim has dedicated her life to giving back to her community – much like you!

Charter Title & Escrow Opens Hispanic Division

Nebraska-based Charter Title & Escrow recently formed a Hispanic division to further assist Spanish-speaking customers. Itzel Gonzalez leads the division.

Punctual Abstract Launches National Title Production Services

Punctual Abstract said it delivers the abstract, title evidence and ancillary documents—such as HOA estoppels, tax certificates and municipals—bundled together in a fully examined product.

Want to Speak at 2021 ALTA ONE in New Orleans?

The Call for Faculty for ALTA ONE is now open. Applications deadline is May 18. At this time, ALTA ONE is scheduled to be an in-person event in New Orleans. The association is committed to the safety of its members and will provide updates as new information becomes available.

Nominations for the ALTA Our Values Awards are Open!

Submit a Nomination

Don’t let the extraordinary ALTA members in your life go unnoticed: Nominate someone for the ALTA Our Values Awards today! Celebrate your friends and colleagues who showcase what it means to Lead, Deliver and Protect in the best possible ways. Up to four awards are up for grabs: three for individuals and one for an entire ALTA member office or operational team. The deadline to submit nominations is May 31, 2021.

ALTA Elite Provider Profile: HDEP International

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight HDEP International, which provides title production services including order entry, commitment preparation, o&e reports, abstracts, foreclosure reports and final policies. The company also builds and maintains electronic title plants.

Knight Barry Title Continues Florida Expansion

Wisconsin-based Knight Barry Title (KBT) has expanded its presence in Florida with the acquisition of MLS Title in Fort Myers.

Community Title Network Acquires Colony Title Group

This is the fourth acquisition for Community Title Network, which serves the Mid-Atlantic region.

Cloudstar Names New President

Christopher Cury succeeds Gregory McDonald, who founded Cloudstar in 2009 and served as president and CEO. 

ALTA Applauds U.S. House for Passing Bipartisan SAFE Banking Act

ALTA applauded the U.S. House of Representatives for passing the SAFE Banking Act (HR 1996), by a vote of 321-101. The bill prevents federal regulators from taking enforcement actions against financial institutions and insurance companies that do business with the cannabis industry in states where it is legal. It also provides protection from prosecution for handling cannabis funds and will move those businesses away from cash-only transactions into the banking system. 

Survey: Title Professionals Targeted for Wire Fraud in a Third of all Transactions

Title insurance professionals reported cyber criminals attempted to trick employees to wire funds to a fraudulent account in a third of all real estate and mortgage transactions, according to ALTA’s 2021 Wire Fraud and Cyber Crime Survey. However, training and education seem to be working as funds were only wired to a fraudulent account in a little over 8% of these attempts.

10 Companies Now MISMO RON-Certified

Black Knight and Stavvy join eNotaryLog, Hercules Holding, Nexsys, Notarize, NotaryCam, Pavaso, Signix and Snapdocs to successfully complete the MISMO Remote Online Notarization (RON) certification.

 ICYMI: March 2021 Digital TitleNews

The cover article of this edition discusses ways companies can build an inclusive and diverse workplace. Other articles in this edition include how a Fidelity executive works to foster female leadership; a diversity, equity and inclusion council created by First American; a look at the new ALTA/NSPS Land Title Survey Standards; Second PPP loan eligibility and application deadline; Multifamily housing outlook; ALTA sends letter to CFPB about access to consumer financial data; and PRIA develops a papering-out paper.

 Webinar Recording: How to Embed a Culture of Inclusion and Diversity

Bringing a diverse pool of employees into your company is great, but unless those employees feel included and welcomed, retention could be a challenge. Beyond creating a positive, welcoming environment, inclusion has many benefits, including increased employee performance, retention and financial growth. Creating inclusive, diverse workplaces is more than just a “nice” thing to do. Industry experts discussed ways to maximize your inclusion efforts in this informative and motivational seminar. Speakers provide tips on how to drive diversity and inclusion, share examples of what successful companies are doing and explain how diversity can grow your business and make your company stronger. Participating in the discussion were Felecia Buycks , vice president and Arizona state manager for First American Title Insurance Co.; Damon Carter, senior vice president and chief human resources officer for CATIC; and Teresa Palacios Smith, chief diversity, equity and inclusion officer for HomeServices of America.

Kansas Joins Growing List of States With RON Legislation

Kansas joined 31 other states passing legislation that authorizes the use of remote online notarization (RON).

Boston National Title Promotes SVP National Commercial Division

Boston National Title has promoted Lisa Vogel to senior vice president of its national commercial division.

FNF Promotes Associate Regional Underwriting Counsel

Fidelity National Financial (FNF) recently promoted Rick Rivas to the position of associate regional counsel for Florida, Puerto Rico and the U.S. Virgin Islands.

PropLogix Voted Best Local Place to Work

PropLogix was voted the best local place to work in Sarasota, Fla., by SRQ Magazine.

ALTA Insights Podcast: ALTA CEO Diane Tomb Talks with ALTA President Bill Burding

Now that we’re more than a year into the COVID-19 crisis, ALTA CEO Diane Tomb recently talked with ALTA President Bill Burding NTP during the first ALTA Insights Podcast to reflect on how the health pandemic has impacted the real estate market. We discussed how the industry responded working to innovate and serve the needs of their communities and customers—all while handling historic order volume. The two also chatted about COVID-19 vaccinations, being able to travel once again, and the importance of telling your story and advocating for your industry. You’ll get the chance to do the latter during our free virtual ALTA Advocacy Summit, which will be held May 18.20.

ALTA Insights: Advocating for Your Business

Wednesday, April 28 | 1:00-2:00 p.m. EDT | Register Today

Several issues that will affect housing and mortgage finance are being discussed at the federal level. Significant infrastructure investments, major tax law changes, and industry-specific legislation, such as the SECURE Notarization Act and SAFE Banking Act, could impact your operation. Register for this free ALTA Insights webinar to get a snapshot of what’s coming on Capitol Hill, while also learning more about this year’s virtual ALTA Advocacy Summit (May 18-20, 2021) and the opportunity to tell our industry’s story. You’ll get a preview of speakers and sessions, as well as best practices on how to successfully conduct virtual meetings with members of Congress and their staff.

Spruce Launches Automated Underwriting Model

The automated underwriting model was launched in Colorado and Arizona and in conjunction with Spruce's partnership with American Digital Title Insurance Company.

 Webinar Recording: Get Your Cyber House in Order

Even before the COVID-19 crisis, cybercrime was on the rise. And because criminals take advantage of the chaos emergencies create, the pandemic has produced the prime environment to embolden these thieves. As has been proven time and time again, it only takes one: One click, one failed alert or one unsuspecting employee, and the criminal can be in your network. But heightened awareness can be a powerful antidote. Listen to this Qualia-sponsored ALTA Insights webinar to learn how to safeguard against social engineering, phishing and business email compromise (BEC) scams. This webinar discussed the latest cyber statistics, impact on the real estate industry, tips to protect you, your agency and clients, and how to develop a response plan.

Kentucky Governor Vetoes Redaction Bill

Kentucky Gov. Andy Beshear on April 8 vetoed a bill that would have would have exempted personally identifiable information of judges, prosecutors and law enforcement officers from public records.

Patten Title Company Acquires Celebrity Title

Patten Title Co. has expanded its presence in Houston with the acquisition of Celebrity Title Co. 

First National Title Names Florida Agency Manager

Texas-based First National Title Insurance Co. (FNTI) has hired Nicole Hayes as agency manager in Florida.

Stewart Expands Presence in New Mexico

Stewart Title recently acquired Santa Fe, N.M.-based Prima Title in an effort to continuously build out its local markets, 

First American Makes Fortune 100 Best Companies to Work For List

This marks the sixth year in a row that First American Financial has earned a place on the Fortune 100 Best Companies to Work For list.

Do You Know All of Your State’s Laws and Regs?

ALTA makes it easy for you to stay up-to-date with your state’s legislative changes! ALTA has updated more than 40 state Title Insurance Regulatory Surveys (TIRS) within the past 12 months. An ALTA membership provides you with discounts on these publications. Subscribe Today

April Is National Fair Housing Month

This year marks the 53^rd anniversary of the Fair Housing Act, landmark legislation signed into law April 11, 1968, by President Lyndon B. Johnson. To help raise awareness, Realogy Holdings produced an online course titled “Delivering the Promise of Fair Housing,” which offers insight across a slate of topics such as the human side of the home, history and reform, building on past progress, and how agents and brokers can contribute by doing their part.

 The Docket: California Court Rules Possibility of Fraud Not a Title Defect

Cheryl Cowherd NTP, KTP, MTP, director of underwriting for Agents National Title Insurance Co., provided today’s review of a decision by the California State Court of Appeals that addressed exclusion of matters subsequent to the date of policy and marketable title.

Proliant Settlement Systems Continues Expansion in Michigan

For Neville Nofar, owner of Great Northern Title, becoming a Proliant Settlement Systems franchisee was a natural way to complement his suite of businesses that also comprises Great Northern Tax and Great Northern Insurance Agency.

Revised ALTA Closing Protection Letters Published

Revisions to two ALTA Closing Protection Letters (CPLs) were published and went into effect April 2. The ALTA Forms Committee recognized the need to conform the CPLs for single and multiple transactions to the work in progress on the 2021 ALTA Loan and Owner’s Policies and the value of making the revisions available immediately. The CPLs were last revised in December 2018.

CNL Strategic Capital Acquires Majority Stake in Michigan-based ATA National Title Group

Newly formed Florida-based holding company CNL Strategic Capital acquired a majority stake in ATA National Title Group LLC, its subsidiaries and affiliated companies, including Talon Title Agency. Dave Trott, chairman of ATA National Title Group, said that all existing equity members of ATA and Talon will also participate as owners of the holding company. 

PropLogix Reports 187% Growth in Orders Since 2019

The company reported it broke a record for orders received in a single day in March and saw a 187% growth for all services compared to March 2019 and a 70% increase over 2020.

Omni Title Names VP of Business Development

Columbus, Ohio-based Omni Title LLC named Jon Lindahl as vice president of business development.

 Title Premium Volume Increases 21.7% in 2020

Driven by historic mortgage origination activity and increased home values, ALTA reported the title insurance industry generated $19.2 billion in title insurance premiums during 2020 compared to $15.8 billion during 2019, according to ALTA’s Market Share Analysis.

NATIC Appoints Northwest Regional Underwriting Counsel

North American Title Insurance Co. (NATIC) has added Andrea Alderman Keith as Northwest regional underwriting counsel to provide underwriting guidance, support and education to title agents and affiliates in Washington, Oregon, Idaho, Montana and additional jurisdictions.

FNF Hires National Agency Education Trainer

Fidelity National Financial Family of Companies has hired Elizabeth Wysong Berg NTP as national agency vice president for education and training.

D. Bello Named Top-growing Small Business in California

D. Bello, which provides remote production solutions for companies in the real estate land title space, was recently named one of the top growing small businesses in California by Inc. Magazine.

ALTA Elite Provider Profile: CSC

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight CSC, which provides e-recording and nationwide paper document recording that allows document submitters to record documents quickly and securely across the United States.

NYSLTA Kicks Off 100th Anniversary With Virtual Food Drive

The New York State Land Title Association (NYSLTA) kicked off its 100th anniversary celebration with the “Feeding Our Neighbors” fundraiser—a statewide virtual food drive. 

Meet New Members of Congress at ALTA Advocacy Summit

Freshmen members of Congress need to know what is happening in the title insurance industry, and the only way they’re going to be informed is if we show up and tell our story during the free, virtual ALTA Advocacy Summit! We need your help May 18-20 showing new Congress members who we are: the protectors of the American Dream. Register Today

See How You are Making a Difference!

Have you heard the good news? The ALTA Good Deeds Foundation awarded 21 grants this month for a total of $125,000 to charitable organizations in local communities across the United States!

 Regulators Focused on Innovation

As part of its consumer protection mission, Congress tasked the Consumer Financial Protection Bureau (CFPB) with ensuring that markets for consumer financial products and services operate transparently and efficiently to facilitate access and innovation. One area the CFPB is monitoring is AI and machine learning (ML). Meanwhile, state regulators have started paying attention to how companies utilize technology as well. In 2020, the National Association of Insurance Commissioners (NAIC) unanimously adopted guiding principles that AI be fair, ethical, accountable and safe. 

 Title Gets Innovative

The title industry has used AI and automation in various parts of the process for many years. Title production software companies have made great strides in automation that eliminates rekeying and the transferring of data from one application to another. This streamlines the order process and eliminates duplicative tasks. More and more companies—including underwriters, third-party vendors and business process outsourcers—have started offering title production automation.

TitleTap Launches Hub to Ease Business Solution Integrations on Websites

TitleTap launched a new service making it easier for title and settlement companies to integrate business solutions on their websites.

Stewart Title Names Group Vice President for Southeast Direct Operations

As group vice president for the Southeast, Ana Villela-Murillo will oversee direct operations in Florida, Alabama, Arkansas and Tennessee.

Republic Title of Texas Promotes COO

In this role, Chase Evans will provide leadership, team management and vision as he oversees the implementation of the company’s strategies.

Notarize Secures $130M in Funding to Fuel Growth of Digital Transaction

Through its role in giving consumers and businesses options to complete these transactions online, reported 800% year-over-year growth in volume in its real estate sector.

PLTA Marks 100 Years of Protecting Property Rights

The Pennsylvania Land Title Association (PLTA) is ”A Century Strong” as it celebrates its 100^th year of protecting property rights of Pennsylvanians through its member title agents and agencies, title insurance underwriters, real estate attorneys and other real estate professionals.

ALTA Advocacy Summit to Host Rep. Ed Perlmutter

It’s not every year that we have a title insurance champion working in the hallowed halls of the Capitol Building, and it’s not every day that we get to hear from such a powerhouse about what’s happening in Congress! At this year’s virtual ALTA Advocacy Summit, you will have the chance to hear directly from title industry supporter Rep. Ed Perlmutter.  Register Today

Elevate Your Staff with ALTA’s New Learning Center

Stop wasting time on TikTok and watch videos that can help you grow your career! From beginners to experts, everyone on your staff can benefit from ALTA’s Elevate Learning Center. Sponsored by Qualia, the courses include materials such as videos, reading materials, quizzes and/or a resource guide as well as a certificate of completion. An ALTA membership provides discounts on these courses, and CE/CLE credits are offered for some of the classes in certain states. Study at your own pace and in your own place!

 ALTA Is There for You! Become a Member Today

 ICYMI: February Edition of TitleNews

The cover article of February 2021 edition discusses the various ways title companies are using artificial intelligence and machine learning to automate various aspects of the real estate transaction. Other articles include a survey that shows the majority of borrowers want a digital closing experience; a review of what title company owners should be doing to develop an exit strategy; when title professionals can get the COVID-19 vaccine; and Qualia acquiring the developer of ResWare.

CFPB Reports 54% Spike in Consumer Complaints in 2020

The Consumer Financial Protection Bureau (CFPB) reported a 54 percent increase in consumer complaints last year when compared to 2019. Specific to mortgages, the CFPB received roughly 29,400 complaints in 2020. Of these, 10 percent were related to the closing of mortgages.

ALTA Joins 30 Organizations in Support of 1031 Exchanges

ALTA joined 30 other organizations in letters to Congressional leaders and U.S. Secretary of the Treasury Janet Yellen explaining the importance of 1031 like-kind exchanges. 

 The Docket: Georgia Supreme Court Affirms Doctrine of Mutual Mistake

Monica Gilroy, a partner at The Gilroy Firm, and Matthew Mashburn, a partner at Aldridge Pite, provided today’s review of a decision by the Georgia Supreme Court addressing the doctrine of mutual mistake. Read on to learn how this case unfolded.

What’s Your Superpower?

What would happen if you let go of fear, got off the sidelines, and jumped boldly into the game of life? Lisa Sun, founder and CEO of GRAVITAS, unpacked the vital question in a moving, motivating and empowering talk during an ALTA SPRINGBOARD Ideas Festival. Sun explored why it’s vital to push past your potential, how to transform an idea into a movement and why you’ve got to bet on yourself every single day. She encouraged the virtual attendees to harness their “superpower” and use gravitas to advance personally and professionally.

Creating Business Rock Stars

From Oreos to Gatorade, Bonin Bough is the master marketer behind the rapid growth of some of the world’s most-loved brands in kitchens across the country. During an Ideas Festival at the 2021 ALTA SPRINGBOARD, the award-winning marketing executive provided tips to help companies create their own breakthrough “communications experience” and how to cultivate talent.

 Modus to Appeal Cease-and-Desist Order From Washington Regulator

Washington’s insurance commissioner issued a cease-and-desist order against Seattle-based title and escrow software startup Modus for allegedly violating the state’s anti-inducement regulations and offering non-title services for free in exchange for business.

Guaranty & Title Co. Opens New Commercial Office

Minnesota-based Guaranty & Title Co. named Ashliegh Rymar as commercial escrow manager for the company’s new office in Eden Prairie, Minn.

ALTA Elite Provider Profile: TrustLink

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight TrustLink, which provides full-service trust accounting. The company offers segregation of duties, daily three-way reconciliation, electronic verification and management approval, a comprehensive unclaimed property service and positive pay upload to the bank, along with our 1099-S tax reporting and W-9 due diligence service.

Regs Changing? ALTA Keeps You Up to Date

Much has changed in 2021, and ALTA now has 40 updated Title Insurance Regulatory Surveys (TIRS) to help keep you in the know. The latest reports include Iowa, California and Pennsylvania! An ALTA membership provides you with discounts on these publications. Subscribe Today

Stewart Acquires A.S.K. Services

A.S.K. Services is a provider of search and support services to the title industry, currently operating in five states and 312 counties.

Build a Better Workplace with ALTA’s Employee Engagement Program

Drive a more successful business with the new ALTA Employee Engagement Program! This new initiative helps you reduce turnover costs by improving your employees’ experience and retaining more of your workforce while raising productivity and improving your bottom line. ALTA members can benefit from reduced prices for this program.

$1.8 Billion Lost Due to Business Email Compromise in 2020

According to the FBI’s 2020 Internet Crime Report, the Internet Crime Complaint Center (IC3) received 791,790, complaints with reported losses exceeding $4.2 billion last year. Business email compromise (BEC) schemes continued to be the costliest, with 19,369 complaints resulting in losses of $1.8 billion. In regard to real estate, there were 13,638 fraud victims with $213,196,082 in reported losses. 

ALTA Good Deeds Foundation Awards $125,000 in Grants

Grants in the amount of $6,000 were awarded to charities supported by ALTA members across the United States, ranging from the Second Harvest food bank network in Spokane, Wash., to the Ronald McDonald House of Cleveland, Ohio.

Bipartisan Cannabis Bills Introduced in Senate, House

In the House, the Secure and Fair Enforcement (SAFE) Banking Act of 2021 was reintroduced and provides a legal safe harbor for financial institutions doing business with state-legal cannabis businesses. Meanwhile, the Clarifying Law Around Insurance of Marijuana (CLAIM) Act of 2021 was introduced in the Senate and ensures legal marijuana and related businesses have access to comprehensive and affordable insurance coverage. ALTA supports efforts to clarify compliance for businesses that provide services to the growing cannabis industry.

Best Homes Title Agency Expands Corporate Team

Michigan-based Best Homes Title Agency, along with the law firm Schneiderman and Sherman PC, hired Eric Hamann as corporate controller.

Blend to Acquire Title365 from Mr. Cooper Group in $500M Deal

Digital lending software company Blend has entered into a definitive agreement with Mr. Cooper Group to acquire Title365 in a deal valued at near $500 million. Title365 was founded in 2009 by a group of settlement service veterans to offer a combination of centralized product fulfillment, including title, escrow and default services, 

JetClosing Names Former Amazon, Microsoft Exec as CEO

Anna Collins has vast experience scaling new businesses and has held leadership roles with notable companies including Amazon, Microsoft, drugstore.com, aQuantive, and several startups.

 Owner of Fake Title Company in Michigan Pleads Guilty to Fraud Scheme to Fuel Gambling Habit

A Michigan real estate broker and investor pleaded guilty for executing a fraud scheme to defraud investors to fund his gambling habit with the Michigan Lottery. The man convinced the investors to wire funds into the account of a fake title company. The fraud scheme unraveled over a two-year period resulting in over $19 million in losses. 

Get Your Amazing Alpha by Being Playful

As the former vice president of innovation and creativity at The Walt Disney Co., creativity speaker Duncan Wardle knows a thing or two about fostering an environment of innovation. Innovation is not something that happens by chance. It is the result of building an environment in which it can thrive. Speaking at the 2021 ALTA SPRINGBOARD during a session sponsored by SoftPro, Wardle shared strategies to encourage an innovative culture that unlocks employees’ ability to let their ingenuity run wild. Find out how to get your amazing alpha.

SoftPro Integrates With ClosingCorp Order Management

The new integration between ClosingCorp Order Management and SoftPro 360 integrates lender and settlement agent data to streamline the reconciliation of fees for final loan closing disclosures.

Avanze Tech Labs Unveils Technology to Automate Post-closing Process

Avanze Tech Labs said its post-closing SaaS solution STACX leverages artificial intelligence (AI), optical character recognition (OCR) and machine learning (ML) to support lenders and servicers, title companies, and correspondent lending channel by creating an automated workflow solution.

Lone Wolf Launches Solution for Real Estate Agents to Submit Digital Title Orders

The new feature allows real estate agents using Lone Wolf Transactions' zipForm or TransactionDesk editions to digitally submit title orders with their preferred provider.

Texas Lender Launches Digital-focused Title Company

Texas-based Mid America Mortgage Inc. launched a title company dedicated to providing a more comprehensive digital mortgage closing experience to the residential real estate market.

Qualia Unveils New Program for Scaling PropTech Companies

Qualia Scale allows companies to integrate their own their own internal title operations directly or access a network of tech-enabled title and escrow companies across the United States.

Report: Home Price Appreciation Drives Increase in Closing Costs for Purchases

The average U.S. home price increased by roughly $30,000 last year, but the year-over-year difference in the average purchase closing costs was only $339 including taxes and $131 excluding taxes, according to Bob Jennings, chief executive officer of ClosingCorp. The use of technology enabled the industry to scale up capacity while holding the line on closing costs.

Agents National Title Hires Agency Service Manager in Florida

In this role, Rusty Tellone oversees and serves the needs of the underwriter's title agents throughout the state.

Private Equity Firm Invests in World Wide Land Transfer

Britehorn Partners served as the exclusive investment bank in the transaction between Philadelphia-based World Wide and private equity firm Corridor Capital.

Do Better With New Employee Engagement Program

Improve your employees’ experience and create an engaging culture to drive a more successful business! With the new ALTA Employee Engagement Program, you can reduce turnover costs by retaining more of your workforce while raising productivity and improving your bottom line. ALTA members benefit from reduced prices for this program.

A Year of Virtual Meetings and Hugs: What Do You Miss From Pre-pandemic Life?

It was one year ago today that the World Health Organization declared the COVID-19 outbreak a pandemic. Two days later, the United States declared a national emergency and the country started shutting down. While stay-at-home orders affected millions of workers, the title and settlement services industry pressed on as “essential businesses” and helped facilitate closings for a record-breaking $4.3 trillion in mortgages during 2020. But what do you miss most from your pre-pandemic life? According to responses on ALTA’s social media channels, the overwhelming majority miss travel, friends and hugs.

 Level Up at ALTA SPRINGBOARD

At ALTA SPRINGBOARD you will you find specific interactive outlets for initiating discussion with your peers on today’s most important topics relevant to the industry. The format of this virtual event allows you to customize your experience through unique connections and conversations. The virtual ALTA SPRINGBOARD will be held March 16-18. Register today!

A Year Into COVID-19

A year into one of the most difficult years for public health in modern history, we’ve struggled, adapted and persevered. One positive thing from the crisis, however, is that it showed the country how the title and settlement services industry gets things done. We’d like to hear how COVID-19 has changed your life.

One Big Family: ALTA CEO Diane Tomb Delivers an Industry Update

One year ago the world changed, and the real estate industry was forced to adapt within a matter of weeks. Numerous technology tools were quickly implemented along with safety protocols and creative closings to produce what was a record year for many professionals. Now, as we begin to emerge from COVID-19, what lessons were learned? How can we leverage this experience to continuously improve our industry? ALTA CEO Diane Tomb shares some answers during a podcast with Linda Grahovec  ITP, IEP, NTP, national agency director of education and marketing strategy for FNF Family of Companies.

Boston National Title Names President of National Commercial Division

In addition to serving as president of Boston National Title's national commercial division, Nicole Wolosoff will remain president of BNT’s New York office.

AccuTitle Partners With TitleTap to Automate Marketing

To help drive new business through automation, all three of AccuTitle’s title management platforms (TitleFusion, Closers’ Choice and Landtech) are now integrated with TitleTap to offer “Automatic Reviews” functionality. 

First National Title Names Agency Manager

Norma Scott has nearly 25 years of industry experience, previously holding executive roles in escrow operations with national underwriters.

ALTA Applauds Confirmation of U.S. Rep. Marcia Fudge as HUD Secretary

ALTA praised the Senate’s confirmation on March 10 of U.S. Rep. Marcia Fudge as Secretary of the U.S. Department of Housing and Urban Development (HUD).

Getting Online Reviews While Your Business is Hot, Will Help You When the Market is Not

If you have been in business for any amount of time, you have probably noticed that most markets tend to be cyclical and require some evolution to survive. A company that was once king often must adapt to stay relevant. What you may not know is that online reviews are quickly becoming one of the most effective ways to market your business. It boils down to which company builds trust fastest, and online reviews on platforms like Facebook and Google do just that.

Mainspring Services Unveils Service That Hyperlinks Documents, Creates Web-based Format

Using commitments and preliminary reports from any title production software, titleLOOK automatically inserts hyperlinks to search documents, creates the title exception summary and publishes a responsive web format.

 Lender Agrees to $1.5M Fine for Violating N.Y. Cybersecurity Regulation

A lender headquartered in Maine agreed to a $1.5 million fine for violating several provisions of New York’s cybersecurity regulations after an employee’s email account was compromised due to a phishing attack. Read on to learn what this consent order means to companies that are licensed to operate in New York.

Hurry! Last Call for ALTA SPRINGBOARD

ALTA SPRINGBOARD is almost here! We are very excited for this virtual event, and we hope to see you online. Scheduled for March 16-18, ALTA SPRINGBOARD has a LOT to offer—including inspirational speakers, education sessions, networking opportunities, CE/CLE credits, vendors with the latest in tech and services and even a full slate of prizes! Register Today

ALTA Elite Provider Profile: RynohLive

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight RynohLive, which provides financial management and fraud solution systems for title and settlement companies. RynohLive conducts automated three-way reconciliation, an end-to-end auditing of escrow accounts and identifies anomalies, potential fraud and audit issues to minimize exposure to loss.

Average Time to Close 10 Days Longer Than a Year Ago

The average time to close all transaction types averaged 58 days in December and January, according to an origination report from ICE Mortgage Technology.

Armatage Capital Acquires Meridian Title

Armatage Capital announced it has acquired Meridian Title Corp., which has 34 offices in Indiana and Michigan. Britehorn Partners served as exclusive investment banker in the deal.

CATIC Promotes Two to SVP Positions

CATIC announced it has promoted Edward Forristall to chief revenue officer, while Michael Savenelli was named chief operating officer.

What the $1.9 Trillion Stimulus Bill Means for Title Professionals

President Biden on March 11 signed into law the $1.9 trillion COVID-19 relief package passed by Congress. Read on for a summary of provisions of the American Rescue Plan that could impact title professionals, including another round of stimulus checks, money for the Paycheck Protection Program, as well as funds that could affect the commercial market.

Save Your (Free) Seat for ALTA Advocacy Summit

Registration is open for the virtual ALTA Advocacy Summit, and there is a lot that is fresh this year! New dates: May 18-20, 2021. New platform: Virtual. Join us from wherever you are! New cost: $0.00 (That’s right, it’s free!) Register Today

 Stand With ALTA

ALTA stood with the title and settlement services industry every day through 2020. Stand with us to achieve more for your business in 2021. Make sure to renew your membership or join today.

ALTA Registry Helps Save Funding for 25 Deals

An agent verification system used by a lender showed that a title company’s closing protection letters (CPLs) were inactive, putting 25 deals in peril. However, a quick review of the ALTA Registry validated the title company was in good standing, allowing the deals to close that day. Does your title company have a free listing in the ALTA Registry?

 States Title Going Public as Doma in $3B Deal With SPAC

States Title will go public as Doma following a $3 billion deal with special purpose acquisition company (SPAC) Capitol Investment Corp. V.

Make Real Connections at ALTA SPRINGBOARD

March 16-18, 2021 | Register Today
A virtual ALTA SPRINGBOARD doesn’t mean missing out on networking opportunities—it means creating connections you couldn’t otherwise have initiated! ALTA SPRINGBOARD is hosting virtual Braindates as well as Networking Roulette, allowing you to bond online with people who share your interests, ambitions and concerns. If you are ready to LEVEL UP, join us March 16-18 from wherever you are for this one-of-a-kind experience!

Compass to Purchase D.C.-based KVS Title

Real estate technology company Compass, which acquired title and escrow software startup Modus in November, has signed a definitive agreement to purchase Washington, D.C.-based KVS Title.

Stewart Acquires Signature Closers

Stewart Information Services Corporation acquired Signature Closers LLC in a move to strengthen its digital closing strategy.

 Webinar Recording: How to Use Social Media as a Digital Marketing Tool

Social media can be a cost-effective way for title and settlement companies to reach target audiences and grow their market share. Powered by the Homeowner Outreach Program, ALTA provides members several digital advertising and marketing options that can be used on social media platforms. There are also several resources to educate real estate agents, consumers and lenders about the benefits of title insurance and how it protects property rights. Listen to this webinar recording and learn how to find and use the marketing resources ALTA provides, as well as tips and a demo on how to get started or how to enhance your current digital marketing efforts.

Share Tips, Best Practices About Wire Fraud During National Consumer Protection Week

Title and settlement professionals can join the Federal Trade Commission and more than 100 groups and organizations participating in the 23rd annual National Consumer Protection Week (NCPW) to raise awareness about scams, including wire fraud.

ALTA Discusses Wire Fraud on AARP Perfect Scam Podcast

Every year mortgage closing scams cost homebuyers millions of dollars and, tragically, sometimes even their homes. These scams aren’t new, but with the COVID-19 pandemic, there’s been a rise in this type of fraud. AARP talked with a recent homebuyer who moved back to his hometown to care for his mother but finds that his life savings and his new home are in jeopardy because of a scam. AARP also spoke with ALTA CEO Diane Tomb and Tom Cronkright, CEO of CertifID, about the anatomy of mortgage closing scams and how consumers can protect their money.

CATIC Names Pennsylvania State Manager

CATIC Title Insurance Company named Lisa Mansueto as vice president and state manager of Pennsylvania.

TitleOne Acquires Title Company in Idaho

TitleOne, a subsidiary of Realogy Title Group LLC, acquired Land Title of Nez Perce County in Lewiston, Idaho.

Realty Title Names President of Mid-South Divisions

Tennessee-based Realty Title announced it named Brad Lehman as president of its Mid-South divisions.

SoftPro Wins Multiple Gold Stevie Awards

SoftPro was awarded Gold in two categories, Sales Growth Achievement of the Year and Sales Distinction of the Year for Computer Software.

 Michigan Regulator Issues Cease and Desist Against Title Company

The Michigan Department of Insurance and Financial Services (DIFS) issued a cease-and-desist order against a business for posing as a Michigan-based title insurance company, selling fraudulent title insurance online to consumers and operating without a license.

Can Your Business Compete?

2020 was—well—a lot of things, including incredibly busy for those of us in the real estate industry. Now, all of the trends reports are signaling more of the same for 2021. If you aren’t already evaluating your compensation packages to attract the new employees you’ll be hiring, now is definitely the time. Sponsored by Qualia, the ALTA’s Title & Settlement Services Industry Compensation Index is officially open for 2020 data collection!

Be Kind to Others, and Yourself

Spotify CEO Daniel Ek was recently asked, “If you had a billboard, metaphorically speaking, to get a message, a quote, a question, an image, anything out to billions of people, noncommercial, what might you put on that billboard?” The self-made billionaire offered a rather simple eight-word response.

ICYMI: Download January Edition of TitleNews

The cover article of this digital edition discusses how the results of the 2020 election will affect the title insurance industry. The article looks at issues such as the SECURE Notarization Act, housing finance reform, housing opportunity and availability, tax policy, financial services policy, CFPB, cannabis and beneficial ownership. Other articles in this edition include a forecast of the 2021 housing market; why enhancing operational efficiency is so important; a review of a TRID assessment report released by the CFPB; and a settlement between Zoom and the FTC regarding data security concerns.

 FNF Reports Full-year 2020, Q4 Financial Results

Fidelity National Financial reported that its title insurance segment generated record pretax earnings of $1.8 billion during 2020. This is up from $1.5 billion in pretax earnings during 2019.

 The Docket: Virginia Supreme Court Holds ‘Fair Market Value’ Provides no Certainty to Price

Stephen Gregory, underwriting counsel for WFG National Title Insurance Co., provided today’s review of a decision by the Virginia Supreme Court that considered whether an option to purchase a decedent’s real property at “fair market value” provided sufficient certainty as to the sale price to warrant specific performance of a contract for sale. Read on to learn why this case is important to the title industry.

FNF Family of Companies Appoints Southeast Region Manager

The FNF Family of Companies named Ravi Bapodra to the position of senior vice president and regional manager for the Southeast Region of Agency Operations. 

Homebuyer’s Life Savings Stolen in Wire Fraud but Recovered for Timely Closing

As a second-time home buyer outside of Denver prepared for the purchase of his new home, he received an email appearing to come from the title company asking him to wire his closing funds early in the transaction. The buyer wired nearly $80,000. Two days later, he was notified that the money did not arrive at the title company. Fortunately, the title company quickly engaged and advised him how to notify the financial institutions involved of the crime.

ALTA Insights: How to Get Your Cyber House in Order

Wednesday, March 24 | 1:00-2:00 p.m. EDT | Register Today
As has been proven time and time again, it only takes one: One click, one failed alert or one unsuspecting employee, and the criminal can be in your network. But heightened awareness can be a powerful antidote. Register for this free Qualia-sponsored ALTA Insights webinar to learn how to safeguard against social engineering, phishing and business email compromise (BEC) scams.

CoreLogic Launches New Digital Title and Closing Solution

CoreLogic launched a new digital title and closing solution to deliver a single, end-to-end digital mortgage workflow. The company said the solution can help lenders accelerate their existing title processes by automating dozens of manual steps.

Learn to Create Business Rock Stars at ALTA SPRINGBOARD

From Oreos to Gatorade, Bonin Bough is the master marketer behind the rapid growth of some of the world’s most-loved brands you probably have in your kitchen right now. Once one of the largest media buyers in the world, Bough will show you how to create your own breakthrough “communications experience” during virtual ALTA SPRINGBOARD, March 16-18. Register Today

ALTA Elite Provider Profile: RamQuest

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight RamQuest, which provides title and settlement production, escrow accounting, document imaging and management, and transaction management services.

First American Integrates Loss Mitigation Products With BackInTheBlack

The integration automates orders of First American Mortgage Solutions’ loss mitigation products and services for BackInTheBlack technology users. 

 Virginia Passes Data Privacy Bill With ALTA-supported GLB Exemption

If signed by the governor, Virginia would be the second state to enact major privacy legislation, following the California Consumer Privacy Act.

PRIA Co-brands ALTA Redaction Resources

ALTA and the Property Records Industry (PRIA) have combined efforts to publish several documents to aid members facing redaction legislation statutes in their states.

NEW: Grab the 2021 Title and Escrow Claims Guide Today

Need advice on how to handle claims on land title insurance policies, closing protection letters and closing mistakes? With 150 new court decisions, the 2021 Title and Escrow Claims Guide is now available to purchase. For the first time, the digital version features a linkable table of contents for ease of use. Subscribe Now

States Title Raises $150 Million to Improve Home Closing Experience

States Title recently announced $150 million in debt financing from HSCM Bermuda,.The financing will be used to accelerate market expansion to transform the home closing experience, the company said.

ALTA Develops Principles for Amending Good Funds Laws

In addition to the increase in acceptance of cybercurrencies, several payment services have emerged as alternatives to automated clearing house (ACH) transactions and wire transfers. Because of this, updates to good funds laws should ensure new transfer methods have the same level of security, stability, payment assurance and consumer protection as the ones the industry currently relies upon. ALTA’s Digital Process Impact Work Group developed principles that should be considered when amending good funds laws as well as best practices title and settlement agents should consider when accepting digital funds from consumers.

TitleWave Announces New Managers

TitleWave Real Estate Solutions, a Division of the FNF Family of Companies, has named Martin Brown as national vendor and customer service manager, and promoted Jeremiah Richard to Ohio state manager.

ALTA Board Approves Revised CPLs, Adopts Four New Endorsements

ALTA’s Board of Governors approved a recommendation by the Forms Committee to revise the two ALTA Closing Protection Letters (CPLs), and adopt four new Endorsements and two new Addendums during a meeting on Feb. 11. The forms are now available for comment until March 19.

AM Best Revises Title Industry Outlook

AM Best revised its market segment outlook on the U.S. title insurance industry to stable from negative due to its exceptional performance in 2020 despite the pandemic. In 2020, the title insurance industry proved to be the most profitable segment in the property/casualty industry, as low interest rates and record-low mortgage rates led to a refinancing and homebuying surge in the latter half of 2020, and furthered the business activities of title insurers.

Surety Title Company Appoints COO

With more than 20 years of experience, Casey Brown will take a lead role managing internal operations, streamlining processes and improving efficiencies across departments and office locations.

SoftPro Integrates With SearchCONNECT

The SoftPro 360 business exchange platform is now integrated with SearchCONNECT, an affiliate of Investors Title and National Investors that provides search solutions in Florida, Georgia, South Carolina, Tennessee, Texas and Virginia.

Two Rivers Title Bolsters Exec Team

New Jersey-based Two Rivers Title Family of Companies hired Laurie Emenecker as assistant vice president of operations!

Help #GoodDeeds Support Local Communities

Every year, February brings us Valentine’s Day and Random Acts of Kindness Day (well, that and really, really bad weather). It’s as if someone wants us to be nice to each other! With all of those good vibes in the air, why not “Spread the Love” with the ALTA Good Deeds Foundation and help us provide grants to charities that strengthen local communities? Give Today

 Level Up Your Business at ALTA SPRINGBOARD

ALTA SPRINGBOARD will be virtual this year, making it easier than ever to level up your business! Join us March 16-18 for inspiration, education and networking opportunities. Register by Monday, Feb. 22, to get an ALTA SPRINGBOARD welcome box full of event goodies! Check out this new video to see why your peers and colleagues attend. Register Today.

Dear Mr. President

ALTA submitted a letter to President Joe Biden and Vice President Kamala Harris congratulating them on the quick start to the Administration, while also highlighting how the title and settlement industry responded during the COVID-19 crisis and the importance of expanding housing opportunities and affordability. The letter also touched on the growth of digital closings, importance of protecting consumers from wire transfer fraud, cannabis legislation, the impact of commercial real estate on the economy, consumer privacy, and the need for effective and balanced regulation.

First American Forms Diversity, Equity and Inclusion Council

First American Financial Corp. recently formed an advisory council to promote the company’s commitment to a diverse, equitable and inclusive work environment.

Multifamily Housing Down in 2021 but Will Rebound in 2022

Regulatory and supply-side challenges coupled with slowing rent growth and rising vacancy rates will weaken the multifamily construction market in 2021. However, the development market should stabilize by 2022, according to economists from the National Association of Home Builders (NAHB). Read on for analysis from NAHB as well as commercial real estate services and investment firm CBRE.

 First American Reports Full-year, Q4 Results

First American Financial Corp. reported that its title insurance and services segment generated pretax income of $1.0 billion during 2020. This was up from $912.2 million in pretax income during 2019.

 Stewart Shares Q4 Financials

Stewart Information Services Inc. reported that its title insurance segment generated $94.9 million in pretax income during the fourth quarter of 2020. This is up from $20.3 million in pretax income during the same period a year ago.

WFG Names Regional Underwriting Counsel for Central Region

Neil Narut will provide underwriting support to title agents in Illinois and Indiana, which comprise the central region of WFG's Midwest Division.

Midland Trust Company to Acquire ATG Trust

Attorneys’ Title Guaranty Fund Inc. has signed a definitive agreement to sell its subsidiary, ATG Trust Company, to Midland Trust Company.

Learn How to Deal With Crisis at ALTA SPRINGBOARD

March 16-18, 2021 | Register Today
Oprah loves her, and so will you. Lisa Sun, founder and CEO of GRAVITAS, a women’s clothing brand, will tell you how her business used flexibility to manage a worldwide crisis during virtual ALTA SPRINGBOARD, March 16-18. Sponsored by the FNF Family of Companies, Sun will share the difficult decisions she's made during the pandemic and the changes she's implemented to ensure success now and in the future. Register Today

SoftPro Integrates with Skyline Lien Search

With this new functionality, users of the SoftPro360 business exchange platform can directly order municipal lien searches, HOA estoppels and tax certificates from Skyline.

DataTrace Enhances Available Images for Four Counties in New York

DataTrace announced it now can provide title professionals access to historical property document images that are currently unavailable through New York City’s Automated City Register Information System (ACRIS).

ALTA Names First Chief Information Officer

In this role, Kelly Romeo will provide strategic direction of the association’s information technology, ensuring that all systems necessary to support its operations are in place. 

ValuTrust Adds Evaluation Services and Broker Price Opinions

Valutrust Solutions has added property evaluation services and broker price opinions to its suite of property valuation offerings.

ALTA Elite Provider Profile: CSC

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight CSC, which provides electronic recording and nationwide paper document recording.

Help Protect Your Industry: Take the Congressional Liaisons Survey

You can play a key role in shaping the work of the new Congress, be an educator to these politicians and be a protector of the title industry. Start today by taking five minutes to complete the ALTA Congressional Liaisons Survey.

 Indiana Considers Bill Rejecting Discriminatory Restrictive Covenants

While the U.S. Supreme Court struck down racial covenants in the 1948 case Shelley v. Kraemer and state and federal laws banning housing discrimination, the language remains in property records across the country. A bill introduced in Indiana’s General Assembly and supported by the Indiana Land Title Association would allow for a notice to be attached rejecting any of these covenants.

2-for-1 Sale on our Best-selling Board Game

Don’t miss the Presidents’ Day sale on ALTA’s best-selling board game: Title Triumph! For the very first time, we are offering a 2-for-1 sale on both levels of ALTA’s favorite quiz game. Hurry: This offer is good through Feb. 28 while supplies last. Order Title Triumph Today.

Alert: Spoofed Email Appears to Come From ALTA

ALTA asks you to delete a phishing email with the subject line "ALTA request for information." ALTA will never ask for personal information via email. This is a phishing scam and our system was not breached.

Spread the Love with Good Deeds

Whether you’re celebrating Feb. 14 with your Valentine, Galentine or cat, why not “Spread the Love” with the ALTA Good Deeds Foundation? When you donate in the month of February, the Foundation will “Spread the Love” right back. Keep an eye on your mail for a special “thank you” from our hearts. Give Today

 ALTA Submits Letters to CFPB on Access to Consumer Financial Data

ALTA submitted two letters to the Consumer Financial Protection Bureau (CFPB) to aid in the development of regulations that affect consumer rights to access financial data. The bureau issued an Advanced Notice of Proposed Rulemaking last year to gather comments and information to assist in the development of regulations to implement Section 1033 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. In one letter, ALTA outlined five principles the bureau should consider when evaluating access and use of data. In a second letter, ALTA along with eight other trade groups wrote evolving standards that protect consumers while promoting innovation.

North American Title Bolsters Underwriting Counsel

In this new role, Jenkins provides guidance on underwriting decisions for business originated by strategic and enterprise accounts and advises associates and customers on instant underwriting files and the legal aspects of title and closing issues. 

SoftPro Integrates With Collaboration Center by Mortgage Cadence

The integration allows users of SoftPro’s closing and title automation software to link directly with Mortgage Cadence’s Collaboration Center.

Westcor Names Manager for Mountain States Region

Westcor Land Title Insurance Co. has promoted Erik Helgeson to regional manager of the company’s Mountain states region.

First American Earns Top Marks for Workplace Equality

First American Financial Corp. earned a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index, a benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality.

New ALTA/NSPS Land Title Survey Standards go Into Effect Today

The changes primarily focus on modifications making the standard easier to understand. There are also updates to resolve inconsistent, confusing or conflicting language in and across the different sections. In a few instances, the refinements address unintended liability placed on surveyors while assuring that lender and title needs are still adequately met. Read on.

How to Use Social Media as a Digital Marketing Tool

Feb. 24, 2021 | 12-1 p.m. EST | Register Today
Learn how to stop the scroll! Social media can be a cost-effective way for title and settlement companies to reach target audiences and grow their market share. Powered by the Homeowner Outreach Program, ALTA provides members several digital advertising and marketing options that can be used on social media. Register for this free FNF Family of Companies-sponsored ALTA Insights webinar and learn what resources are available, how title agents have used the material for successful campaigns and tips to start a your digital marketing effort. Your next deal could be one “like” away!

 Title Agent Has No Insurance Coverage for Wire Transfer Fraud

In the case Authentic Title Services, Inc. vs. Greenwich Ins. Co., a New Jersey court held that an attorney title agent has no coverage under his errors and omissions insurance against a claim based on wire transfer fraud.

ALTA Member Profile: From Bartender to Innovative Title Company Owner

Originally from Casablanca, Morocco, Mo Choumil, founder and CEO of Virginia-based ATG Title, got his start in the industry as an abstractor in 1993. Read on to learn more about Choumil and how he embraces technology, the user experience and reggae.

Grab a Coffee and Network at ALTA SPRINGBOARD

We all miss the heart-to-hearts and exchange of ideas that often happens during chance encounters at in-person events. That’s why ALTA incorporated opportunities for those spontaneous conversations into the ALTA SPRINGBOARD virtual format! Register Today

Consolidated Title Services Expands Minnesota Presence

Consolidated Title Services, which has offices in Detroit Lakes and Perham, Minn., is a subsidiary of North Dakota-based Guaranty and Title Co.

 Enhancing Title Efficiencies Has Never Been More Important Than Now

The increase in origination volume will continue to put significant pressure on production capacity, and with default-oriented volumes anticipated to jump start in early 2021, it will cause ongoing stress to title and settlement operations. Reducing this tension will require title and settlement providers to place a laser focus on production capacity while managing operating costs. More specifically, it will require ongoing innovation to drive as much efficiency in their title and settlement operations as possible. The question is how.

CATIC Receives 2020 Laserfiche Run Smarter Award

Chris Cooper, CATIC’s business analyst, said the company has saved an average of $200,000 annually since implementing intelligent content management and business process automation provided by Laserfiche.

 The Docket: California Appeals Court Addresses Constructive Notice

David Boss, a partner with the law firm Dillon Miller Ahuja & Boss LLP, provided today’s review of a decision by a California appeals court that held a purchaser of real estate does not have constructive notice of a seller’s alias that does not appear in the chain of title.

 Old Republic Reports Q4 and Full-year 2020 Results

Old Republic International reported that its title insurance segment generated pre-tax income of $344 million during 2020. This was up from $230.8 million in pre-tax income during 2019.

Illinois-based H. B. Wilkinson Title Acquires Florida Agency

Illinois-based H. B. Wilkinson Title Co. (HBW) has acquired Access Title Agency LLC in Naples, Fla.

Learn Why Telling Your Story Matters to Your Business and Industry

Feb. 17, 2021 | 1:00-2:00 p.m. EST | Register Today
From books to movies to water-cooler chat, what do people like better than a good story? Join us Feb. 17 from 1-2 p.m. EST for this Westcor-sponsored ALTA Insights webinar as we discuss how telling your story can help grow business, showcase your culture and attract new talent.

D.C.-based Federal Title Expands in Northern Virginia

The Ballston, Va., location is Federal Title’s fourth, joining two offices in Washington, D.C. and one in Rockville, Md.

 Fraudulent Unemployment Insurance Claims Spike

The FBI has seen a spike in fraudulent unemployment insurance claims complaints related to the ongoing COVID-19 pandemic involving the use of stolen personally identifiable information. Because of this, the U.S. Department of Labor (DOL) has reminded employers of their obligations related to unemployment insurance. Companies may be committing fraud if they take certain actions to avoid tax liability or enable fraudulent claims against their accounts. Each state has different requirements and time frames for reporting.

ALTA Elite Provider Spotlight: CertifID

ALTA's Elite Provider program comprised of premier service providers committed to offering comprehensive benefits to the title insurance and settlement services industry. Elite Providers promote the highest industry standards and provide effective solutions for ALTA members' critical needs. Today, we highlight CertifiID, which is a wire fraud prevention solution that protects title companies and their customers from wire fraud losses.

Are You Eligible for a Second PPP Loan?

The new funding through the Paycheck Protection Program is available to both first-time applicants and returning borrowers. The rules are more strict for those seeking a second loan.

Data Privacy Day: Raise Awareness

Data Privacy Day is today. Now is a good time to do something to protect yourself, your customers and your business. According to a Pew Research Center study, 79 percent of U.S. adults report being concerned about the way their data is being used by companies. The National Cyber Security Alliance says respecting consumers’ privacy is a smart strategy for inspiring trust and enhancing reputation and growth in your business.

National Integrity Title Expands in Philly With Acquisition

New Jersey-based National Integrity Title Agency announced it has acquired Acro Settlement Co.

Agents National Title Names Florida Underwriter

Agents National Title Insurance Company announced that Wil Townsend has joined the company as Florida underwriter and agency services manager.

Notarize Appoints President

Notarize appointed Larry D’Angelo as the company’s first president and chief commercial officer. He served on the company's board for the past two years.

Qualia Partners With Realtor.com

Qualia and Realtor.com have partnered to give real estate agents and their clients the ability to collaborate online with their title provider of choice as part of a fully integrated digital closing experience. The service will first launch in February as a pilot test in Florida, Maryland, Ohio, New Jersey, Pennsylvania, Texas and Virginia.

Hurry - Flash Sale is Ending

The ALTA SPRINGBOARD Flash Sale is almost over! Your ALTA membership is paying off once again as members can register for our first virtual ALTA SPRINGBOARD for an unbelievably low $99!* But you need to hurry—after Jan. 31, the regular member rate will go up to $299. Register today and save $200!

 The Docket: No Duty to Defend Against Easement Despite Long-standing Contract

Jennifer Briner of the Briner Law Group provided today’s review of a decision by a U.S. district court in South Carolina that held an underwriter no duty to defend its insureds in a lawsuit claiming that the insureds failed to honor a term in their purchase contract requiring them to grant an easement to the neighboring parcel. Read on to learn why this decision is important to the title industry.

Fidelity Launches Guided Digital Closing Tool for Consumers

According to the company, Close inHere provides presents closing information in an interactive format with on-demand explanations, tips and definitions.

Disney Innovator Coming to ALTA SPRINGBOARD

March 16-18, 2021 | Register Today
Cultivating creativity and innovation is extremely difficult when your staff is working remotely or behind closed doors because of a worldwide pandemic. During ALTA SPRINGBOARD, former Disney executive Duncan Wardle will share the exact steps and strategies you need to encourage an innovative culture and ensure everyone on your team is able to let their inner ingenuity run wild. 

Webinar Recording: 2021 Housing Market Forecast

Despite the COVID-19 pandemic, the housing market surpassed expectations in 2020. Will the strong real estate market carry over into 2021? Listen to this ALTA Insights webinar recording, “The Big Short? 2021 Housing Market Forecast,” as First American Deputy Chief Economist Odeta Kushi addresses the pandemic, mortgage rates, potential for existing-home sales, new construction, housing supply and price appreciation.

 When Can Title Professionals Get COVID-19 Vaccine?

Guided by evolving federal recommendations and limited vaccine supplies, states continue to refine distribution plans that prioritize when specific workforce members and populations receive the COVID-19 vaccine. States are choosing who gets the vaccine and in what order based on various phases. Considered essential workers by the Cybersecurity & Infrastructure Security Agency, title and settlement professionals fall into the last tier of phase one in most states. Read on for more information.

Stewart Title Opens New European Underwriter

The new underwriter will operate in Malta under the name Stewart Title Europe Limited and will handle all transactions in the European Union.

Apply for a Good Deeds Grant Today

If you support a non-profit organization that could use a little extra help this year, apply for a grant from the ALTA Good Deeds Foundation today! The grant application process closes Jan. 31, and applicants will be notified of all decisions in March. Apply Today

Planning and Goal Setting for the ‘New Normal’

With the world turned upside down, take time to conduct a Strengths, Weaknesses, Opportunities and Threats (SWOT) Analysis. Your strengths may have kept you afloat this year, or your weaknesses might have been more obviously exposed. There are new opportunities for those willing to innovate.

How to Prepare for Consumer Data Privacy Laws

Comprehensive data privacy laws have become hot topics in state legislatures across the country, as well as in the halls of Congress. Laws like the California Consumer Privacy Act (CCPA), which establishes consumer rights related to personal information, are expected to be widely enacted across the country over the next few years. Read on for tips on how to start preparing and get your compliance ducks in a row.

Stay Up to Date on State Regulations

Regulations are always changing. ALTA wants you to have everything you need to stay on top of state laws that relate to your business’ licensing and operating requirements.

Kick Off the Year With a Good Deed

2021 got off to a rough start. But with your help, the ALTA Good Deeds Foundation wants to make it a little bit brighter for the charitable organizations you and your colleagues support.

Stewart Acquires Title Agency in Ohio

Stewart Title expanded its reach in Ohio with the acquisition of Cleveland-based NorthStar Title Services LLC.

FNF Family of Companies Supports ALTA Good Deeds Foundation

The FNF Family of Companies is a founding donor of the ALTA Good Deeds Foundation, a nonprofit ALTA established last year to bolster the charitable efforts of title and settlement professionals and help with housing needs as well as those adversely impacted by national emergencies such as the COVID-19 pandemic.

Arizona-based Long Companies Names New CEO

Long Companies, which is a subsidiary of HomeServices of America, announced the appointment of Reneé Gonzales as chief executive officer.

FTC Warns Small Businesses of COVID Scam

According to the Federal Trade Commission, the email claims to come from the “Small Business Administration Office of Disaster Assistance,” indicating the recipient is eligible for a loan of up to $250,000 and asks for personal information like birth date and Social Security number.

SBA Develops Free Platform for Women Entrepreneurs

The Small Business Administration (SBA) has unveiled an interactive digital platform packed with resources women business owners need to set and achieve their business goals.

CATIC Names State Counsel, Manager for Georgia

Gregory Riley is a licensed attorney in Georgia and Florida with nearly two decades of experience in real estate closings, title insurance, national and state underwriting, estate planning, business, bankruptcy and related legal matters.

 Ready to Serve Aces for Title Industry

Bill Burding’s work ethic on the tennis court easily transferred to the principles he has followed during his career in the title industry. Serving as general counsel for California-based Orange Coast Title Co., Burding was installed in October as ALTA’s 2020-21 president. Read on to learn more about Burding and his areas of focus for this year.

What’s New for ALTA SPRINGBOARD?

You are tired—tired of pandemic life, tired of the winter doldrums and tired of the daily grind. Don’t worry, ALTA is here to help! ALTA SPRINGBOARD has lined up three Idea Festivals sure to challenge the way you see a problem or motivate you to tackle a new opportunity. Join us March 16-18 from wherever you are! Register Today

American Notary USA Selects SIGNiX for Remote Online Notarization

American Notary USA, a network of over 1,500 notaries, selected SIGNiX as its recommended remote online notarization (RON) platform provider.

Black Knight Enhances to Digital Closing Solution

Expedite Close now offers detailed, document-by-document guidance to help borrowers through the closing package, allowing for a more efficient, contactless process, up to and including the remote online notarization (RON) of all necessary paperwork.

PRIA Develops Papering-out Paper

The document, which is under a 30-day comment period, includes definitions pertinent to the process of papering-out, applicable background information and, by reference to PRIA’s website, state statutory citations. A sample certification page is also included.

First American Title, DataTrace Support ALTA Good Deeds Foundation

First American Title Insurance Co. and DataTrace Information Services LLC announced the companies are founding donors of the non-profit ALTA Good Deeds Foundation.

Greater Illinois Title Names Chief Underwriting Counsel

Greater Illinois Title Company (GIT) named Gina Llanas as chief underwriting counsel. The company also promoted Ladislaus (Wally) Zbilut to senior underwriting counsel.

How to Reset Your Password on ALTA Website

In December, ALTA implemented a new database to manage membership information and purchases. For security purposes, you need to create a new password if you have not done so already.

 Working to Foster Female Leadership

A few years ago, Erika Meinhardt gave a presentation during an ALTA conference about women in leadership. At the time, she had her plate full leading the national agency operations for FNF Family of Companies, but the discussion was a springboard to expand the conversation within Fidelity and other organizations across the country. Now in a scaled back role after “retiring” three years ago, Meinhardt is focused on helping women feel more empowered to take on leadership roles. While more than 70 percent of the title industry’s overall workforce is female, the percentage of women among the executive ranks is much smaller. Read on to learn more about efforts Meinhardt is leading to foster a culture of female empowerment, as well as addressing diversity, equity and inclusion.

ALTA Statement on Violence at U.S. Capitol

“The insurrection and violence we saw Wednesday at the U.S. Capitol leaves a heartbreaking stain on our country’s history," said ALTA Chief Executive Officer Diane Tomb. "The rioters’ intolerable actions were an attack on the rule of law, our traditions and our institutions."

Capital Title of Texas Expands in Lone Star State

Capital Title of Texas LLC recently acquired GPS Title Inc., which is based in Granbury, Texas, and does business as Porter Title Co.

SYNRGO Automates Post-closing Processes

The SYNRGO PostClosing+ application consolidates quality-control tracking information relevant to all stages of the post-closing process, from scanning and separating packages to identifying recordables and integrating all shipping phases.

 The Docket: Maryland Federal Court Holds No Title Insurance Coverage for Water Runoff

Michael R. O’Donnell and Michael P. Crowley, both of the law firm Riker, Danzig, Scherer, Hyland & Perretti LLP, provided today’s review of a decision by a U.S. district court in Maryland that held there is no coverage under a title insurance policy when the insured’s neighbor brings a claim due to water runoff from the insured property. Find out why this decision is important to the title industry.

Agents National Title Names Midwest Region Agency Manager

In this role, Matt Hood is responsible for growing the company's regional presence by establishing an expanded network of title insurance agents and agency representatives.

 Disagree and Commit

Disagree and commit is a management principle that states individuals can disagree while a decision is being made, but once a direction has been chosen, everybody must commit to it. 

Congress Overrides Trump Veto as Beneficial Ownership Registry Becomes Law

On a rare New Year's Day session, Congress voted to override President Trump's veto of the National Defense Authorization Act (NDAA). With the move, the law creates a new beneficial ownership registry for shell companies. ALTA members asked members of Congress to co-sponsor the bill during the 2019 ALTA Advocacy Summit.

Registration is Open for ALTA SPRINGBOARD

If you haven’t been able to attend ALTA SPRINGBOARD in the past, 2021 is your year! For the first time, ALTA SPRINGBOARD will be virtual March 16-18, which means you can attend from the comfort of your office or couch without paying for airfare or a hotel. As an added bonus, ALTA members can register for an unbelievably low $99! Register Today

Foundation Title & Escrow Expands in Alabama

Foundation Title & Escrow Series LLC is expanding into Alabama following a merger with Paulus Title LLC.

Florida Agency Network Introduces Electronic Earnest Money Delivery

Florida Agency Network (FAN) has released a new electronic Earnest Money Deposit (EMD) program aimed at streamlining the closing process and keeping everyone safe and secure.

Knight Barry Title Acquires Minnesota-based Title One

The deal gives Wisconsin-based Knight Barry Title 13 offices throughout Minnesota.

Good Deeds: Notary Signing Agent Blueprint Provides 13,600 Meals to Feeding America

The company provided 13,600 meals to Feeding America after holding an online fundraiser during November.