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Suing and Serving Phantoms and Ghosts in Real Estate Quiet Title Cases

The overall objectives of pursuing a quiet title action is to bring in all interested parties that have an interest in the property before the court, to resolve the title problem and to obtain a title for the plaintiff that is marketable and insurable by a title insurance company for a sale or refinance. Both the legal and financial stakes can be high in quiet title litigation because without a clear title the owner cannot sell or refinance, and a lender cannot protect its priority title position.

Texas, Florida Latest States to Pass Data Privacy Bills

Texas and Florida are likely to soon join four other states that have passed comprehensive data privacy laws in 2023. All the bills contain a Gramm-Leach Bliley Act (GLBA) exemption.

Northwest Title Expands Ohio Footprint

Northwest Title and Northwest Law recently acquired Heather Henry Keesee Law Firm and Verity Title.

SoftPro Releases New App for Real Estate Closings

SoftPro's ClosingsLIVE real estate closings communication portal provides all authorized parties involved in a transaction access to order status, documents and milestones.

Doma Name Agency Manager for Central Florida

In this role, Mandy Deal will assist Doma’s independent title agent base in the greater Orlando market.

Regulators: The Compliance Bar—and Costs—Keep Rising 

The common themes of regulators in the financial services sector are more granular rules, more reporting requirements and more external validation of controls. Each of these "mores” means more cost. Read on as Christopher Buse, senior vice president and chief information officer for Old Republic National Title Insurance Co. and a member of ALTA's Information Security Work Group, discusses the evolving landscape of complying with cyber-related regulations.

WFG Acquires West Coast Retail Title Operations from Doma

Williston Financial Group has finalized an agreement to acquire certain branches of Doma Holding’s West Coast local retail title operations. Doma will receive up to $24.5 million for the deal that includes 22 retail title locations and operations centers in the Northern and Central California regions.

ALTA 2023 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. So far in 2023, TIPAC raised $284,994 from 321 donors. In addition, $149,000 from 18 companies has been pledged to the TIPAC Education Fund. ALTA thanks all the individuals and companies that supported the industry. Check out who has supported the industry.

ALTA, 18 Other Organizations Urge Congress to Raise Debt Limit

The letter to every member of Congress warned that a historic default on the nation’s debt would result in serious harm and unprecedented consequences for Americans across the country, impacting everything from home and car loans, student debt and the interest paid on credit cards.

Foundation Title & Escrow Expands Tennessee Footprint

Foundation Title & Escrow expanded its reach in the Nashville, Tenn., market with the acquisition of Toro Title.

CATIC Launches National Agency Division

Leanding CATIC's recently formed a national agency division are Kyle Rank, senior vice president and national accounts manager; Christine Huff, vice president and national agency manager; Anthony Nalbone, vice president and national agency manager; and Bart Bodkin, vice president and national underwriting counsel.

Docutech E-closing Solution Earns MISMO Certification

Docutech’s Solex eClosing platform has achieved MISMO e-closing certification, confirming that the platform and its policies and procedures have met or exceeded a comprehensive set of industry standards established by MISMO.

NEW Title Webbie Awards Up for Grabs

If your company launched a new website, social media marketing campaign, blog or other digital media in 2022 to help consumers learn about the benefits of title insurance, now is the time to show ALTA membership what you created! ALTA will award Title Webbies to three companies who have used their website, social media or other online presence to help educate consumers on the benefits of title insurance.

Live Demo: Create Marketing Quickly

1:00-2:00 p.m. ET | Wednesday, June 14 | Register Today
Are you struggling with how to create marketing pieces for your business? Are you all thumbs when it comes to building an eye-catching design? This Dell-sponsored ALTA Insights webinar will take you from beginner to professional quality marketing materials in just one hour.

 Agent Finds Similarities Between Title Industry, Military

Frank J. McGovern, Northeast Regional counsel for Title Resources Guaranty Co., is a colonel in the Pennsylvania Army National Guard and currently is deployed to the Middle East. Read on as McGovern shares some of his experiences overseas and his comparison of the military to the title insurance industry in regard to innovation, partnerships and training.

 The Docket: Texas Court Dismisses Fraud, Fiduciary Duty Claims Against Title Insurer and Title Agent

Michael R. O’Donnell, co-managing partner of the law firm Riker Danzig LLP, provided today’s review of a decision by the Texas Third District Court of Appeals that confirmed title insurers are not fiduciaries to their insureds and that the contents of a title commitment cannot serve as the basis for a fraud or fraudulent inducement claim. Read on to learn why this ruling is important for the title industry.

ALTA, More Than 100 Groups Send Letter of Support for SECURE to Senators

ALTA and a coalition of more than 100 other businesses and trade associations sent a letter to Sens. Cramer (R-N.D.) and Mark Warner (D-Va.) expressing support for the for the bipartisan Securing and Enabling Commerce Using Remote and Electronic Notarization Act (SECURE).

NotaryCam Hires Director of Sales and Marketing

In this role, Suzanne Singer will be responsible for leading sales and customer success efforts focusing on large strategic relationships in the mortgage and real estate sectors.

SoftPro Releases New Integration with Attorneys’ Title Guaranty Fund

Agents of Attorneys’ Title Guaranty Fund Inc. can now order closing protection letters and policy jackets directly from the underwriter through SoftPro 360.

 Why Data Extraction Is Critical to the Digital Transformation of Real Estate Transactions

Calvin Powell, chief information officer for First American Data & Analytics, shared his thoughts on the evolution of data extraction technology and how that evolution is fueling the next generation of title and escrow automation.

Flueid Integrates With Encompass to Provide Title Data and Insights

The integration embeds Flueid Decision into Encompass and makes key intelligence from the title process accessible at the start of the home equity and refinance loan origination processes.

 Title Company Owner in Florida Sentenced to Prison for Fraud Schemes

A federal judge sentenced Johnny Fior, the owner of Cape Coral Title Co., to 46 months in federal prison for engaging in two different fraud schemes.

 ALTA, Other Insurance Trades Share Support of SAFE Banking Act

ALTA and eight other insurance trade associations earlier this month sent a letter to several members of Congress to share support for the SAFE Banking Act of 2023. Over the last few years, ALTA has worked closely with sponsors to broaden the bill to protect insurance companies and settlement providers. This includes securing a provision that protects cannabis business service providers, including title and settlement companies, by insulating the proceeds of cannabis businesses from criminal or civil forfeiture.

SoftPro Releases New Integration With Agents National Title

SoftPro users can now order title searches from Agents National Title directly from their title and escrow software via the SoftPro 360 vendor portal.

MISMO Seeks Participants for Title and Closing Docs to Data Workgroup

MISMO, the real estate finance industry standards organization, announced a call for industry professionals to join the Title and Closing Docs to Data Development Workgroup, which will focus on creating standards for frequently used title and closing documents that can readily be adopted by the mortgage industry to establish a consistent method of title data exchange between parties.

Red Flags and Tips to Help Prevent Seller Impersonation in Real Estate

This latest fraud trend involves vacant lots or unencumbered properties as fraudsters impersonate property owners to illegally sell commercial or residential property. Sophisticated criminals use the real property owner’s Social Security and driver’s license numbers in the transaction, as well as legitimate notary credentials, which may be applied without the notary’s knowledge. Read on to access a handout ALTA created a handout that highlights red flags and provides precautions to take to help prevent these scams.

ALTA Insights: Pros and Cons of Today’s Technology

1:00-2:00 p.m. ET | Wednesday, June 21 | Register Today
With the massive increase in the use of artificial intelligence and robotic process automation in our everyday lives, and algorithms that are constantly improving, what are the pros and cons of these powerful technologies? Is it a force for good, for evil or somewhere in between? Register for this RamQuest-sponsored ALTA Insights webinar to learn how your title company or law firm can best utilize AI and robotic process software to improve efficiency and service and also learn the potential dangers about how criminals can use the same technology to steal data and money. 

ALTA Best Practices Revisions Go Into Effect

The changes are focused on the continual improvement to operations and primarily involve escrow accounting, and privacy and information security programs to protect non-public information, as well as an overhaul to enhance the closing and settlement process. New documents available to ALTA members and Best Practices subscribers to assist with implementation include a Pillar 1-7 Assessment Readiness Guide, a Policy and Procedure Creation Guidance, a Policy and Procedures Sample Table of Contents and a Template for Policy and Procedures.

CertifID Launches Seller Identity Verification Solution

The new solution is aimed at addressing an alarming increase in seller impersonation scams involving vacant land.

Doma Names Agency Manager for West Texas and New Mexico

In this position, Lauren McCaskill manages agency activities for the company, securing and servicing agents throughout the region and assisting them with their business growth plans.

Photos from 2023 ALTA Advocacy Summit

Check out some photos from the 2023 ALTA Advocacy Summit, including the the opening reception, a session looking at politics and policy inside Washington, D.C., underwriter and agent section meetings, a housing outlook, and a federal and state issues briefing.

Foundation Title & Escrow Expands Into Ohio

The company also has offices in Alabama, Florida, Georgia, Kentucky, Virginia and Tennessee.

ALTA Good Deeds Foundation Awards Housing Grant 

The ALTA Good Deeds Foundation, a registered 501(c)(3) charitable organization founded by ALTA, awarded a $6,000 grant to the National Fair Housing Alliance in Washington, D.C.

Attend ALTA ONE for Free!

Experience ALTA ONE 2023—for free! Now in its second year, the ALTA ONE Hosted Agent & Abstracter Program helps fund the participation of small agents and abstracters at the largest annual event designed to connect title industry leaders. You begged us to bring the program back, and we are just as excited as you are!

 ALTA Reports Full-year, Q4 2022 Title Premium Volume, Market Share Data

Tracking with the continued contraction of mortgage origination volume, the title insurance industry generated $21.0 billion in title insurance premiums during 2022, a 16% decrease compared to 2021, according to ALTA’s Market Share Analysis.

Title Insurance Industry Market Share and Financial Statement Compilations for the 4th Quarter of 2022

The fourth quarter of 2022 was a positive quarter for the title insurance industry. It was, however, substantially lower than the 4th Quarter of 2021, the highest quarter ever recorded for the industry. The fourth quarter of 2022, while the lowest of the last 10 quarters, was the 5th highest 4th Quarter and the 12th highest of all quarters in the industry’s history.

 Fidelity Reports First-quarter 2023 Financial Results

Fidelity National Financial Inc. reported that its title insurance segment generated pretax income of $157 million during the first quarter of 2023. 

Doma Appoints Agency Manager for Central and Southern Virginia

In this role, Liz Dunlap works with Doma agents and approved attorneys throughout the region to determine their needs and provide solutions and support.

InspectHOA becomes Preferred Vendor of WFG

InspectHOA has been named a preferred vendor for WFG National Title Insurance Co. to provide acquisition of HOA documents and analysis services.

AccuTitle Wins Stevie Award

AccuTitle was named a Silver Stevie winner of the Company of the Year in the Real Estate Category in the 21st Annual American Business Awards. 

 New York Considers Bills to Combat Deed Theft

Two bills were introduced in New York that aim to strengthen protections and remedies for victims of deed theft and bolster the ability to prosecute these crimes.

 First American Reports First-quarter 2023 Results

First American Financial Corp. reported that its title insurance segment generated pretax income of $88.2 million during the first quarter of 2023. 

 Stewart Reports First-quarter 2023 Results

Stewart Information Services Corp. reported that its title insurance segment generated a pretax loss of $700,000 during the first quarter of 2023. 

 Old Republic Reports Q1 Results

Old Republic International Co. reported that its title insurance segment generated pretax income of $17.4 million during the first quarter of 2023. 

SoftPro Enhances Integration With NotaryLoop

New enhancements include updating the SoftPro 360 status to “Completed” once NotaryLoop returns a “Completed” status, the addition of a new loan information screen with loan type and lender drop down fields, and a new progress bar with messaging for order submissions.

Yeager to Retire From Old Republic

Rande Yeager will retire as executive chairman of Old Republic National Title Holding Co. effective June 30. He served as the 2005-06 president of ALTA and testified on behalf of the industry before the U.S. House of Representatives Financial Services Committee.

Discount Available for Online Courses

With a tough job market and challenging economy, now is a great time to focus on new skills, brush up on specialized topics and earn your CE/CLE credits. To help you gain the expertise you need to succeed, ALTA is now offering a discount on all courses available through the Elevate Learning Center! Use code Spring23 for a 20 percent discount when enrolling in any of the online courses in the Elevate catalog.

 Four States Pass Comprehensive Data Privacy Laws

Four states—Indiana, Iowa, Montana and Tennessee—recently passed comprehensive data privacy laws this year. All the bills contain a Gramm-Leach Bliley Act (GLBA) exemption, which ALTA has supported.

 The Docket: Alabama Supreme Court Holds Execution of Land Sale Contract Severs Joint Tenancy

Joe Powell NTP FACREL, vice president and managing underwriting counsel for Fidelity National Title Group, reviews a recent decision by the Alabama Supreme Court that reversed a circuit court ruling addressing joint tenancy. Read on to learn why this decision is important to the title industry.

DocMagic Introduces ADA-compliant Loan Documents

DocMagic Inc. recently added Americans with Disabilities Act (ADA)-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities.

South Oak Title Partners With Tennessee Title Services

Tennessee Title and South Oak Title will operate under the South Oak brand. They plan to open additional offices in the Huntsville and Decatur markets. Both companies will remain independent in the other markets where they have offices.

First American Named One of Fortune 100 Best Companies to Work For

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

Title Companies Partner With MyListing to Facilitate Real Estate Deals Using Crypto

The initiative is called the Accelerated Sale And Purchase (ASAP) program. MyEListing.com hosts the marketplace, Coinbase Commerce converts the buyers’ crypto into cash for the seller, and Millennial Title and Championship Title handle the title work.

Endpoint Launches Signing Platform for Mobile Notaries

Endpoint recently launched a platform that connects notary signing agents with homebuyers and sellers. Notaries who join the Jot network will have access to real estate transactions managed by Endpoint and First American Title.

FinCEN Renews and Expands Real Estate Geographic Targeting Orders

The expanded geographic coverage of the GTOs now includes Litchfield County in Connecticut and Adams, Arapahoe, Clear Creek, Denver, Douglas, Eagle, Elbert, El Paso, Fremont, Jefferson, Mesa, Pitkin, Pueblo, and Summit counties in Colorado. The effective period of the GTOs for purchases in these newly added areas begins on May 24, 2023.

Stewart Valuation Intelligence Approved to Support Fannie Mae’s New Valuation Process

Stewart Valuation Intelligence LLC (SVI) has been approved to support Fannie Mae’s new Value Acceptance + Property Data through VALIDITY.

ALTA Welcomes New Members

ALTA is pleased to announce new and associate members, as well as real estate attorneys, who have recently joined ALTA. Over the past month, ALTA gained 37 new members, including 20 title agencies and 12 real estate attorneys. ALTA already has 5,538 member companies so far in 2023. Read on to view a map of membership. Not a member? Click here to join today. You can check out member benefits here.

 Meet Members of Congress in Person

Meet face-to-face with Members of Congress and their staffs during the Congressional Reception, sponsored by Stewart, at ALTA Advocacy Summit! All attendees are invited to a unique event on Tuesday, May 9, at 5:30 p.m. Members of the House Financial Committee and Senate Banking Committee are expected to attend, including Reps. Vicente Gonzalez (D-TX), Young Kim (R-CA) and Nikema Williams (D-GA) on the Financial Services Committee as well as Sen. Bill Hagerty (R-TN) on the Banking Committee.

ALTA ONE 2023 Call for Faculty is Open

The Call for Faculty for ALTA ONE, Oct. 10-13 in Colorado Springs, Colo., is now open. We invite you to submit an application today!

ALTA-supported RON Bill Reintroduced in Senate

ALTA applauded U.S. Sens. Kevin Cramer (R-N.D.) and Mark Warner (D-Va.) for reintroducing the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act. The U.S. House of Representatives passed SECURE on Feb. 27 by a voice vote.

Webinar Recording: The State of Wire Fraud in the Title Industry

Wire fraud is a growing concern in the title industry. Hackers are using increasingly sophisticated techniques to trick title companies and their customers into sending wire transfers to fraudulent accounts. To address this issue, ALTA recently hosted a webinar titled "ALTA Insights: The State of Wire Fraud in the Title Industry." In this webinar, Tom Cronkright, co-founder of CertifID, and Matt McBride, vice president of risk management and compliance for Shaddock National Holdings, discussed the current state of wire fraud in the title industry and offered tips for preventing wire fraud. The webinar also discussed the growing threat of seller impersonation scams.

Qualia Launches Audit Tool to Help Title Companies Mitigate Fraud

The Audit Readiness Dashboard, which is embedded in Qualia Core, allows users to quickly examine audit red flags that require their attention, including file shortages, stale overages, outstanding credits and outstanding lienable items.

FHFA Issues Notice of Proposed Rulemaking on Fair Lending Oversight

The proposed rule would codify in regulation FHFA’s fair lending oversight requirements for Fannie Mae and Freddie Mac and the Federal Home Loan Banks, the requirements for the government sponsored entities to maintain Equitable Housing Finance Plans, and the requirements for Fannie Mae and Freddie Mac to collect and report homeownership education, housing counseling and language preference information from the Supplemental Consumer Information Form.

First American Adds Secure Document Portal to Digital Platform

The underwriter said the new document solution is designed to help title agents reduce wire fraud risk and simplify customer communication with automated document and transaction updates.

SoftPro Releases New agentTRAX Integration Enhancements

The enhancements include endorsement mapping and the ability to display net remittance amounts in addition to gross amounts. 

Arizona to Require Counties to Alert Owners When Document Recorded Against Property

Arizona passed a bill that requires county recorders to provide a system for notifying property owners when a document is recorded against their property. 

Maryland Passes Bill Banning Unfair Real Estate Fee Agreements

Maryland joined a growing list of states to pass legislation that protects homeowners from the predatory practice of filing of unfair real estate fee agreements in property records, known as Non-Title Record Agreements for Personal Service (NTRAPS). The legislation, which goes into effect June 1, is supported by ALTA, the Maryland Land Title Association (MLTA), AARP and AARP Maryland.

Report: Consumers Lose $106K on Average to Wire Fraud

Consumer real estate payments represent the most frequent target of wire fraud in 2022, with cybercriminals targeting buyer cash-to-close payments in particular, according to a report from CertifID.

Stewart Appoints New Head of Direct Operations

Stewart Information Services Corp. promoted Ryan Swed to the role of head of U.S. direct operations, which is the company’s largest business operation. Rob Sherman has been promoted to group senior vice president of Southwest operations, taking over for Swed. 

 The Docket: Eleventh Circuit Finds No Coverage for Fraudulent Wire Transfer Under Cybercrime Endorsement

Stephen Gregory, claims counsel for WFG National Title Insurance Co., reviews a recent decision by the U.S. Eleventh Circuit Court of Appeals that affirmed a title company did not have coverage for a fraudulent wire transfer under the cybercrime endorsement of its cybersecurity policy. Read on for the facts of the case.

Doma Names Director of Regional Title Production for the Central Region

In this new position, Sonny Livesay is responsible for all production staff, vendors and workflow for the region.

ALTA ONE Early Bird Rate Ends April 28

October 10-13, 2023 | Colorado Springs, CO | Register Today

Register by Friday, April 28, for ALTA ONE to take advantage of the Early Bird rate and save $200.  Join us for ALTA ONE at the gorgeous The Broadmoor in Colorado Springs, Colo., from Oct. 10-13. 

 Webinar Recording: Marketing Tips for Title Agents With Limited Resources

In today's competitive business landscape, marketing has become an essential tool for businesses to reach and engage with their target audience. However, for title agents with limited resources, marketing can be a daunting task. To address this challenge, ALTA organized a webinar titled "ALTA Insights: Marketing Tips for Title Agents With Limited Resources." The webinar aimed to provide valuable insights and practical tips to help title agents effectively market their services, even with limited resources.

Real Title Launches Escrow Company in California

Real Title recently launched Real Escrow of California to perform escrow operations exclusively in the state. To support its continued growth, Real Title hired Brad Miller as national director of title. 

Nominations are Open!

If you’ve ever wanted to publicly recognize the extraordinary ALTA members in your life with more than a Starbucks gift card, this is your chance! Don’t let the people who go the extra mile stay under the radar: Nominate someone for the ALTA Our Values Awards today.

CloseSimple Earns SOC2 Type II Certification

Software-as-a-service (SaaS) platform provider CloseSimple recently earned a SOC2 Type II certification.

CFPB Issues Policy Statement on Abusive Conduct

The Consumer Financial Protection Bureau (CFPB) issued a policy statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes over a decade of precedent.

CATIC Hires Associate State Counsel for South Carolina

Ashley Farr joins CATIC with nearly 10 years of practice experience as a real estate attorney, having served as a partner and managing attorney at several South Carolina law firms.

Stewart Names New Head of National Commercial Services

Erin Sheckler has been with Stewart for three years as senior division president for the Pacific Northwest, responsible for managing and overseeing the direct operations strategy and growth in Alaska, Washington, Oregon, Idaho and Montana.

WFG Appoints Mid-Atlantic Regional Manager

In his expanded role within WFG’s agency operations, Tim Hooper will be responsible for recruiting top talent to support the underwriter's agents.

Doma Names Agency Manager for East Texas, Louisiana and Oklahoma

Jamie Deal as agency manager for East Texas, Louisiana and Oklahoma. In this role, Jamie Deal will assist Doma Title Insurance's growing independent title agent base in the region, offering agents her expertise and support as they strive to grow their market share.

FinCEN: Most Victims Targeted in Real Estate BEC Scams Involved in Closing Process

The Financial Crimes Enforcement Network (FinCEN) recently issued a Financial Trend Analysis on patterns and trends identified in Bank Secrecy Act (BSA) data relating to business email compromise (BEC) in the real estate sector in 2020 and 2021. The report contains relevant information for the public, particularly individual homebuyers and the multiple entities involved in real estate transactions.

FBI: Reported Cyber Attacks Down but Potential Losses Up in 2022

Cyberattacks and cyber-enabled frauds continue to affect the everyday lives of Americans. According to the FBI’s latest Internet Crime Report, the Internet Crime Complaint Center (IC3) in 2022 received 800,944 cyber fraud complaints, which is a 5% decrease from 2021. However, the potential total loss increased from $6.9 billion in 2021 to more than $10.2 billion in 2022.

 FHFA Updates GSE Equitable Housing Finance Plans

The Federal Housing Finance Agency (FHFA) on April 5 released updates to Fannie Mae and Freddie Mac’s equitable housing plans, expanding the scope of road maps the government sponsored enterprises (GSEs) have drawn up with the aim of closing the racial homeownership gap. Specific to the title industry, the updates provide additional information about the use of attorney opinion letters (AOLs) by the GSEs and references a title pilot program Fannie Mae is pursuing that reportedly would waive title insurance on certain transactions. Fannie Mae’s updated plan also noted that in 2023 it will add heirs property to their research topics. This is an issue ALTA has been focused on since last year.

 Member Profile: Company President Enjoys Industry Challenges, Problem Solving

Elizabeth A. Daniel NTP, MTP, KTP started working in the title industry in 1996 when she took a job as a receptionist for a small, independently owned title company. In November, she was named president of Continental Title, which has offices in Missouri and Kansas. Read on to learn more about Daniel.

Community Title Network Expands Presence in Virginia

Virginia-based Community Title Network LLC recently expanded its reach in the state with the acquisition of Esquire Title Group LLC.

 Assistant U.S. Attorney Pleads Guilty to Driving Title Business to Spouse

According to court documents, Kathryn Drey of Pensacola, Fla., directed contracts from the U.S. Attorney’s Office for the Northern District of Florida to companies in which her spouse had a financial interest. Drey concealed her spouse’s financial interest in contracts to conduct title searches in litigation defended by the U.S. Attorney’s Office.

WFG Names National Agency Manager

WFG National Title Insurance Co. appointed industry veteran David Jenkins as senior vice president and national agency manager.

Enjoy Lower Prices for State Compliance Guides

Spending time researching and complying with state title requirements and practices? Get more affordable access to the most comprehensive collection of regulatory information and practices available in the title industry. The TIRS State Compliance Guides will save you valuable time while providing you with the support you need to be compliant.

Hear About the Regulatory Environment from Experts

May 8 - 10, 2023 | Washington, DC | Register Today
Come to ALTA Advocacy Summit and hear directly from insider experts about the current regulatory environment in Washington, D.C., that financial services firms are now facing across the country. As Fannie Mae considers a pilot program that grants certain mortgage lenders a waiver on title insurance requirements for loans sold to FannieMae—in place of traditional title insurance—your engagement in ALTA Advocacy Summit is more important than ever. Register today for ALTA Advocacy Summit, May 8-10 in Washington, D.C.

ALTA Insights: What to Expect at ALTA Advocacy Summit

Whether you’ve been to ALTA Advocacy Summit before or this will be your first experience, be sure to attend this AccuTitle-sponsored webinar to get a taste of the issues we’ll be discussing on Capitol Hill, learn more about the lay of the land onsite and find out how to use our new user-friendly app to keep track of your schedule. The ALTA staff will even give you the insider’s track on the best networking opportunities to attend while you’re in our nation’s capital. 

Docutech Honored as Top Tech Company

Docutech, a First American company and the leading provider of document, eSign, eClose and print fulfillment technology, was recently recognized by HousingWire Magazine as a 2023 HWTech100 Mortgage Award winner for the seventh consecutive year.

 5 More States Pass Legislation Banning Unfair Real Estate Fee Agreements

Colorado, Georgia, Tennessee, Idaho and North Dakota became the latest states to pass legislation protecting homeowners from the predatory practice of filing of unfair real estate fee agreements in property records, known as Non-Title Record Agreements for Personal Service (NTRAPS). ALTA has prioritized combating this abusive and anti-consumer activity in the marketplace, and worked with national stakeholders to design model legislation to ban this practice. 

 ICYMI: February TitleNews

In case you missed it, the February edition of TitleNews takes a look at recent actions by federal and state regulators to give more power to employees by proposing to ban noncompete clauses and settling “no-poach” allegations. Other articles include ALTA decertifying several 2006 Policy Forms; the MBA reports that unsettled commercial markets will dissipate in 2023; an Illinois court holds that title claims are exempt from the complete defense rule; title companies should analyze current banking relationships; a third of homebuyers still don’t shop around for mortgages; and Old Republic Title CEO retires.

ALTA Good Deeds Foundation Provides Emergency Grant Following Mississippi Tornadoes

The ALTA Good Deeds Foundation awarded a $6,000 emergency grant to the South Delta Disaster Recovery Fund, created by the Community Foundation of Washington County.

Qualia Releases Resware Update

Qualia announced it released Resware 10, which is one of the biggest updates to the product since it was first launched in 2003. Qualia acquired Adeptive Software, the developers of Resware, in December 2020.

SoftPro Announces EC Purchasing Access

SoftPro released a new partnership with EC Purchasing that enables its users to leverage pricing agreements with  dozens of companies across the country for discounted pricing on goods and services.

 The Docket: Georgia Supreme Court Holds Golf Course Must Stay

Gloria Tison, general counsel for Kotner Title & Abstract LLC, provided today’s review of a decision by the Georgia Supreme Court that addresses a dispute between the owner/operator of a golf course and the owners of adjacent property in a residential community. Read on to learn why this decision is important to the title industry.

Investors Title Exchange Names VP of Marketing

In this role, Matt Linville leads marketing efforts and educates partners and property owners on the value of like-kind exchange transactions for Investors Title Exchange Corp.

PropLogix Names New CEO

Alex Eckelberry is a veteran technology industry leader and visionary, most recently serving in senior positions with cybersecurity leaders Malwarebytes and Prevasio.

Stewart Launches National Examined Search Product for Agents

Stewart Information Services Corp. is now offering a national production service for title agents through ASK Services.

Action Title Research Names CFO, Adds to Board

Action Title Research promoted Kirill Gordeitchik to chief financial officer and added SaaS industry veteran Debra Danielson to its Board of Directors.

 Guidance on How FDIC Protects Escrow Accounts, Bank Deposits in Wake of Bank Failures

In light of multiple bank failures, title and escrow professionals should understand how the FDIC protects bank deposits, including title agency funds, escrow funds and independent customer funds. Read on to learn about the FDIC insurance limits, how this impacts escrow accounts, what you should tell your customers and relevant ALTA Best Practices.

 Texas Sues Covenant Clearinghouse for Violating Private Transfer Fee Law

The Texas attorney general filed a lawsuit seeking to prevent Covenant Clearinghouse from attempting to enforce or collect private transfer fees it filed against properties across the state. ALTA and the Texas Land Title Association have long opposed private transfer fee covenants.

CertifID, Riebling Insurance, Fidelity Partner to Provide Wire Fraud Coverage for Agents

CertifID and Riebling Insurance announced newly expanded coverage against the risk of mortgage payoff fraud for authorized title agencies of FNF Family of Companies. The new offering was created to help protect mortgage payoff transactions

Opendoor Makes Ownership Stake in Title Resources Group

Opendoor Technologies Inc., which provides an e-commerce platform for residential real estate transactions, acquired a minority stake in Title Resources Group.

CATIC Financial Names New Board of Director

CATIC Financial Inc. announced that Gerry Ciejka joined its board of directors. Earlier in his career, Ciejka was the lead Western Massachusetts underwriting counsel and manager for multiple national title insurance companies.

 Economist Odeta Kushi to be Featured at ALTA Advocacy Summit

May 8 - 10, 2023 | Washington, DC | Register Today
Hear more about the state of the real estate industry straight from an expert economist during ALTA Advocacy Summit, May 8-10 in Washington D.C. Deputy chief economist for First American Financial Corp., Odeta Kushi conducts research on demographic trends, millennials and homeownership and monitors and analyzes quarterly surveys and economic data related to the housing industry.

 Fidelity Settles No-poach Allegations in New York

Fidelity National Financial agreed to pay $3.5 million to settle allegations it entered into no-poach agreements with competitors in New York, according to the state’s attorney general (OAG).

FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance

The Financial Crimes Enforcement Network (FinCEN) on March 24 published its first set of guidance materials to aid the public—and in particular the small business community—in understanding upcoming beneficial ownership information (BOI) reporting requirements. The new regulations, which go into effect Jan. 1, 2024, require many corporations, limited liability companies and other entities created in or registered to do business in the United States to report information about their beneficial owners—the persons who ultimately own or control the company—to FinCEN. ALTA submitted a letter in support of the development of the BOI system, but recommended FinCEN broaden the rule to give title insurance companies or its licensed title agents access to help aid compliance with the real estate Geographic Target Orders.

Old Republic Names Agency Operations Director

Old Republic Title (ORT) recently appointed Sandra “Sandy” Schoen to executive vice president of Old Republic National Title Insurance Co. (ORNTIC) and promoted her to the additional role of agency operations director.

Canadian Firm to Acquire All American Title Group for $9M

The transaction, which was approved unanimously by Starrex's board of directors, includes All American Title Co. Inc., Ameripine LLC, AmeriFirst Title LLC, AAT Holdings LLC and Amcap Title LLC. The companies serve Minnesota and Wisconsin.

 The Docket: When It’s the Construction Lender’s ‘Own Darn Fault’

Lori Glebocki, vice president and national commercial counsel for Chicago Title Insurance Co., provided today’s review of a decision by the Supreme Court of Arizona that provides a framework for the application of the title insurance policy exclusion 3(a). Read on to learn why this case is important to the title industry.

WFG Lender Services Launches Rapid Legal and Vesting Service

The DecisionPoint Rapid Legal and Vesting Service provides home equity lenders with fully automated legal and vesting reports—including a recordable legal description from a property’s last full-value transfer and verified vesting information from the most recent deed. 

ALTA Good Deeds Foundation Awards $144K in Grants 

Individual grants of $6,000 were given to 23 charities championed by ALTA members, The foundation also awarded a $6,000 grant to The Housing Partnership in St. Louis. to give back to the ALTA SPRINGBOARD host city. In all, the ALTA Good Deeds Foundation has given $712,000 in grants to 121 community nonprofits.

 FinCEN Could Propose New Anti-money Laundering Rule During Summit for Democracy

The Financial Crimes Enforcement Network (FinCEN) could issue its Notice of Proposed Rulemaking (NPRM) to address anti-money laundering (AML) threats in the U.S. real estate sector during next week’s Summit for Democracy. During the summit in 2021, FinCEN released its real estate Advance Notice of Public Rulemaking (ANPRM) to solicit public comment on a potential rule.

Fannie Mae Approves Use of 2021 ALTA Policy Forms for All Properties

Fannie Mae announced that it will now accept the 2021 ALTA Policy Forms for all properties.

Attorneys Title Guaranty Fund Names COO

Attorneys Title Guaranty Fund Inc. (ATG) recently named Brent Scheer as executive vice president and chief operating officer.

Doma Adds Tax Title Services to Vendor Partnership Program

This addition to AgentMarketplace will help Doma’s independent and affiliated title agent and attorney customers overcome the challenges of insuring properties involved in tax foreclosure auctions, in which private buyers and investors purchase real property with defaulted property taxes from a government body.

FedNow Payment Solution to Launch in July

The first week of April, the Federal Reserve will begin the formal certification of participants for launch of the service. Early adopters will complete a customer testing and certification program, informed by feedback from the FedNow Pilot Program, to prepare for sending live transactions through the system.

Security Service Federal Credit Union Acquires Utah First Title

Utah First Title Insurance Agency, located just south of Salt Lake City, wanted to find the right fit for its employees and customers. The company will continue to operate under its current name.

 N.C. Becomes Fifth State to Sue Brokerage Firm Over Right-to-list Agreements

North Carolina became the fifth state to file a lawsuit against real estate firm MV Realty alleging that the company violated laws prohibiting unfair and deceptive practices by tricking homeowners into signing 40-year real estate agreements. ALTA has worked with national stakeholders to design model legislation to make these types of unfair agreements unenforceable, prevent the recording of the agreements in land records and provide consumers with options for seeking damages. 

 Welcome Back to the Excitement

Welcome back: After being closed to the public for two years, Capitol Hill is once again open to visitors! Take advantage of this unique opportunity that most Americans never experience and join us at ALTA Advocacy Summit, May 8-10 in Washington, D.C. Watch this short video and see what’s in store for you!

 Regulators Move to Give More Power to Employees

Recent actions by federal and state regulators may give more power to employees to pursue better employment opportunities. The Federal Trade Commission (FTC) in January proposed a rule that would ban employers from imposing non-compete agreements with their workers. Meanwhile, the New York attorney general settled another allegation of “no-poach” agreements with a title insurance company.

Qualia Launches New Platform to Enable ‘Connected Transaction’

Qualia launched a new solution that combines title and escrow production and vendor management while also connecting clients and homebuyers.

FTC Issues Orders to Social Media and Video Streaming Platforms Regarding Efforts to Address Surge in Fraud

The Federal Trade Commission issued orders to Meta, TikTok, YouTube, Twitter and others seeking information on how the platforms screen for misleading ads for scams and fraudulent and counterfeit products.

RamQuest Integrates With Action Title Research

RamQuest integrated its Closing Market digital network with Action Title Research, which offers support in title production including title research, title production and examination.

SoftPro Renews as ALTA 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. 

DataTrace Honored as Top Tech Company

DataTrace has been recognized by HousingWire Magazine as a 2023 HW Tech100 Real Estate winner, earning the honor for the third consecutive year.

Old Republic Promotes Monroe to President and CEO

Old Republic Title recently promoted Carolyn Monroe to president and chief executive officer of Old Republic National Title Holding Co.

CertifID Renews as ALTA 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. 

Single-family Market Share Continues to Shift from Large Population Centers

The largest growth in single-family market share came in rural markets (micro counties and non-metro micro counties), rising from 9.4% in the fourth quarter of 2019 to a share of 11.8% in the fourth quarter of 2022.

 ALTA Shares Concern of Reported Fannie Mae Pilot With Congress

ALTA sent letters to members of the House Financial Services and Senate Banking committees to share concerns regarding Fannie Mae’s reported consideration of a pilot program that would provide a waiver from any title insurance requirements for certain loans the government sponsored entity (GSE) purchases.

 FDIC Acts to Protect All Depositors of Silicon Valley Bank and Signature Bank

The The Federal Deposit Insurance Corporation (FDIC)) was appointed receiver of both institutions. To protect depositors, the FDIC transferred all the deposits and substantially all of the assets of the banks to newly created, full-service FDIC-operated bridge banks.

Housing Largest Component of Wealth Creation for Single Women

To help celebrate Women’s History Month, First American economist Ksenia Potapov wrote a blog analyzing the progress women have made in achieving homeownership.

First American Data & Analytics Recognized as Innovative Tech Company

First American Data & Analytics was recognized by HousingWire Magazine as a 2023 HW Tech100 Mortgage and Tech100 Real Estate winner. This is the second time the company has been named a Tech100 Mortgage winner and the third consecutive year it has been named a Tech100 Real Estate winner.

DC Insiders to Headline ALTA Advocacy Summit

With more than two decades of rise-and-grind journalistic experience between them, Anna Palmer and Jake Sherman are New York Times best-selling authors, founders of Punchbowl News and former co-writers of the top-rated POLITICO Playbook newsletter. At ALTA Advocacy Summit, the two will offer a candid analysis filled with colorful anecdotes about what’s driving politics and policy inside the nation’s capital.

RamQuest Renews as ALTA 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. 

Report: $1.4B in Suspected Wire Fraud Identified by CertifID in 2022

CertifID identified $1.4 billion in suspected wire fraud attempts during 2022, according to a report released by the wire fraud protection firm. The report shows an 145% year-over-year increase in instances of reported wire fraud. 

Doma Recognized as Top Technology Innovator

Doma Holdings Inc. was named to HousingWire’s annual Tech100 list for the Real Estate Sales category. This is the second consecutive year Doma has been recognized.

New Features in the 2023 Claims Guide

Now available with new features, the 2023 Title and Escrow Claims Guide digital book will help you stay ahead of your competition! You now can access the book right from the ALTA’s website, download the full PDF guide and forms as well as use the new search function to find what you need. ALTA members receive a discount!

Webinar Recording: Review of ALTA Best Practices Changes and Impact on Your Operation

New digital payment options, increasing fraud threats and new regulations and laws, as well as changes to business and market needs led to recent updates to the ALTA Best Practices. The changes are focused on the continual improvement to operations and primarily involve escrow accounting, and privacy and information security programs to protect non-public information, as well as an overhaul to enhance the closing and settlement process. Listen to this SoftPro-sponsored webinar to get an overview of the changes, when the revisions will go into effect and the impact on certification.

Find Vendors in the ALTA Marketplace to Help Your Company

 Reported Fannie Mae Pilot Moves Beyond Charter into Title Insurance Business

Fannie Mae is reportedly considering a pilot program that grants certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae. This would be in place of traditional title insurance. ALTA and several members of Congress have raised concerns with Fannie Mae moving beyond its charter and the additional risk put on lenders, consumers and the economy. 

Stewart Acquires AccountChek

Informative Research (IR), a subsidiary of Stewart Information Services Corp., acquired the AccountChek platform previously offered by FormFree. AccountChek is a digital verification of asset, income and employment service that drives insight into a consumer’s financial profile and is available to customers through multiple channels.

 Massachusetts Court Orders MV Realty to Stop Recording 40-year Liens

ALTA has prioritized combating this abusive and anti-consumer activity in the marketplace, which adds costs and complications to the transfer or financing of real estate. ALTA has worked with national stakeholders to design model legislation to make these types of unfair agreements unenforceable, prevent the recording of the agreements in land records and provide consumers with options for seeking damages. Utah became the first state that passed legislation protecting homeowners from the predatory practice of filing of unfair real estate fee agreements in property records. ALTA helped draft the bill with input from national stakeholders.

CFPB Appoints New Advisory Committee Members

The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the CFPB with establishing a Consumer Advisory Board to provide advice on a variety of consumer finance issues. Members of the Consumer Advisory Board represent the various districts of the Federal Reserve System. 

 Swell of State Bills Would Prevent Certain Groups From Purchasing U.S. Real Estate

A significant number of bills have been introduced at the state level restricting the ability of certain foreign individuals and entities to buy property. In some instances, the bills prohibit ownership of certain types of property, such as farmland or disallow property ownership with proximity to agricultural businesses, military bases or other property deemed essential to national security. ALTA is tracking at least 75 bills that would limit the purchase of real estate by certain foreign individuals or entities.

First American Integrates FraudGuard With Encompass Platform

With the integration, lenders can leverage automation to systematically trigger the ordering of FraudGuard reports and analysis based on a lender’s customizable business rules.

Utah Passes First Bill Banning Predatory Residential Property Service Agreements

H.B. 211 follows a model bill, which ALTA helped draft with input from national stakeholders. The model bill created a blueprint for states wishing to provide a remedy for existing Non-Title Record Agreements for Personal Service (NTRAPS), while also discouraging future unfair and deceptive practices.  

You’re Invited: Join Us at the Arch for a Good Deeds Event!

Experience the best views in the city while giving back to your community! During ALTA SPRINGBOARD, join us at the Gateway Arch for an event benefiting the ALTA Good Deeds Foundation, sponsored in part by Qualia, Stewart and Westcor. Enjoy cold beverages along with local barbecue from Salt+Smoke as well as exclusive access to the Gateway Arch museum and exhibits, closed to the public for the evening. Even better, no event at the Gateway Arch is complete without a tram ride to the top for exhilarating views of downtown St. Louis, the Mississippi River and beyond.

Share Your Stories: Affordable Housing Initiatives

We recently asked members to share any affordable housing initiatives that companies are already involved in or may have planned. Brenda Silveus of Arizona-based Pioneer Title shared an initiative that her company promotes and supports. 

 The Docket: Potential Claims Hiding in Plain Sight

Lance Pomerantz, a New York-based sole practitioner, reviews a recent Montana case that illustrates how a seemingly obsolete document in the land records can expose a title insurer to an unanticipated defense obligation. Read on to learn why this decision is important to the title industry.

 Title Industry Remains Service Based

The rapid and widespread automation of workflows is welcomed, and will undoubtedly benefit the industry and its participants in a number of ways. However, technology is not nearly advanced enough to replace or even mimic human leadership and expertise.

Skyline Lien Search Renews as ALTA 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. Skyline Lien Search will waive its service fee for the first five orders of ALTA members who utilize the company for the first time, valued at $85 per order.  

Paymints.io Named Top 10 Payment Vendor

Paymints.io, a secure, digital, white-label SaaS platform that allows title companies and escrow officers to send and receive electronic payments for many types of real estate transactions, has been chosen as a member of the inaugural class of the Electronic Transaction Association’s Top 10 Payments Independent Software Vendors (ISVs) award winners.

House Passes ALTA-supported SECURE Act 

The U.S. House of Representatives passed by a voice vote on Feb. 27 the ALTA-supported bipartisan SECURE Notarization Act of 2023 (SECURE).

 Supreme Court to Hear CFPB Constitutionality Case

The U.S. Supreme Court on Feb. 27 agreed to take up a case that challenges the funding structure of the Consumer Financial Protection Bureau (CFPB).

Anywhere Integrated Services Rebrands Insurance Agency

Anywhere Integrated Services—formerly Realogy Title Group—announced the rebranding of its subsidiary, Realogy Insurance Agency, to Anywhere Insurance Agency.

Build a Better Business

Attract talent, retain top performers and drive a more successful business with the 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.

ALTA Is a Reed Awards Finalist

ALTA is a Reed Awards finalist for an animated explainer video and Our Title Is Still Protection video in three categories.

Eagle Title Acquires American Land Title Corp.

Maryland-based Eagle Title expanded its reach in the Baltimore region with the acquisition of American Land Title Corp. (ALTC).

HDEP International Renews as ALTA 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. Read on to see what savings HDEP International offers ALTA members.

 Fidelity Reports 2022 Full-year, Q4 Results

Fidelity National Financial Inc. reported that its title insurance segment generated $1.6 billion in pre-tax earnings in 2022. This was down from $2.6 billion in pre-tax earnings in 2021.

Black Knight Explores Strategies for Managing AI and Machine-learning in Mortgage Industry

While artificial intelligence (AI) and machine learning (ML) is increasingly being used to solve problems in the mortgage industry, these tools also present new—and different—risk and challenges, including when to apply them and how to address compliance requirements, according to a new white paper by Black Knight.

 Finding the Silver Lining of the Market Downturn

The title insurance industry has entered the second year of what’s expected to be a continued decrease in origination volume. As an industry, this isn’t the first downturn. It won’t be the worst. But it will be a real challenge. Experts say the contraction will spur more Innovation that drives efficiency. Read on to see how some industry veterans are approaching the market.

 Title Company’s Crime Policy Covers Fraudulent Wire Transfer

The United States Court of Appeals for the Fifth Circuit on Feb. 1 upheld a lower court ruling finding that a title company was wrongly denied coverage under its crime protection policy for a wire fraud involving a loan payoff. While this case is not slated for publication and can’t be serve as a precedent, it can prove instructive for title companies looking to make claims under a crime policy for a payoff fraud. 

Black Knight to Integrate Wolters Kluwer's E-note and E-vault Capabilities

Black Knight, which already offers innovative e-sign, e-closing and remote online notarization (RON) solutions, will integrate Wolters Kluwer's solutions with Expedite Close as the final pieces to connect all the tools lenders need to perform a digital closing and complete a digital mortgage.

ALTA Urges FinCEN to Give Title Entities Access to Beneficial Ownership Information System

ALTA submitted a letter in support of the development of the Beneficial Ownership Information (BOI) system being created by the Financial Crimes Enforcement Network (FinCEN). BOI data is the most costly and difficult piece of information required to be collected under the Geographic Targeting Orders (GTO) because it is not necessary to close the deal and implicates other privacy concerns for the purchaser. ALTA believes that if FinCEN is going to extend the GTOs or replace them with a permanent transaction reporting regime as suggested by FinCEN in an advanced notice of proposed rulemaking, then access to the BOI system when it is up and running is critical to the success of any real estate related anti-money laundering rules

Ohio AG Joins Other States Filing Lawsuits Against MV Realty

ALTA has prioritized combating this abusive and anti-consumer activity in the marketplace, which adds costs and complications to the transfer or financing of real estate. ALTA has worked with national stakeholders to design model legislation to make these types of unfair agreements unenforceable, prevent the recording of the agreements in land records and provide consumers with options for seeking damages. Seven states have already introduced legislation this year to address this issue.

ALTA Good Deeds Foundation Appoints Two New Board Members

The ALTA Good Deeds Foundation, a registered 501(c)(3) charitable organization founded by ALTA, added Bill Burding NTP and Aaron Davis to its Board of Directors.

ALTA Insights: Top Title Sales and Marketing Myths … Busted

There are countless myths in the title industry when it comes to sales and marketing. We often “think” we know what will grow our business, what customers desire and how to create experiences that will keep them coming back. In this webinar, we take those top myths and bust them using data, direct feedback and thoughtful marketing and sales approaches. Learn simple and actionable tasks that will help a title agency survive and thrive in any market.

Kriss Law/Atlantic Closing & Escrow Names CSO

Landon Smith will spearhead the company's national growth strategy, including brick and mortar sites in new jurisdictions, the hiring and management of new sales staff, expansion into new lines of business, technology advancements, and mergers and acquisitions.

Landsea Homes Launches Title Company

Landsea Title will conduct core title services, issue title commitments and title policies in the company's Arizona, Florida and Texas markets as an agent for First American Title Co.

 Stewart Reports 2022, Q4 Financial Results

Stewart Information Services Corp. reported that its title insurance segment generated $232.7 million in pre-tax income in 2022. This was down from $434.0 million in pre-tax income reported in 2021.

WFG Bolsters San Francisco Bay Area Commercial Team

WFG National Title Insurance Co. appointed 30-year title and real estate industry veteran Chad Huston as senior vice president and regional manager for its the company's National Commercial Title Services San Francisco Bay Area region.

Alanna.ai Earns SOC 2 Type II Certification

Alanna.ai, the creator of a conversational AI-powered virtual assistant for title agents, has been designated with the American Institute of Public Accountants’ Service Organization Control 2 (SOC 2) Type II certification.

Doma Title Partners With First Class Signing

Doma Title Insurance Inc. has added First Class Signing Service to its vendor partnership program.

 First American Reports 2022, Fourth-quarter Financials

First American Financial Corp. reported that its title insurance segment generated $758.0 million in pre-tax income in 2022. This was down from $1.4 billion in pre-tax income in 2021.

Kensington Vanguard National Land Services Bolsters Exec Team

Kensington Vanguard National Land Services (KV) has hired Steve LaForgia and James Cosolito as senior executive vice presidents.

Dallas Man Sentenced for Deed Fraud Scheme

On Feb. 9, U.S. District Judge Lee H. Rosenthal ordered 61-year-old Clarence Roland III to serve 120 months in federal prison to be immediately followed by three years of supervised release for his role in a deed fraud scheme.

NAIC Announces 2023 Regulatory Priorities

The National Association of Insurance Commissioners (NAIC) announced its strategic priorities for 2023. Each year, NAIC Members finalize the priorities and discuss potential work plans after assigning committee responsibilities.

Now Available: 2023 Claims Guide

When you need advice on how to handle claims on title insurance policies, closing protection letters and closing mistakes, turn to the Claims Guide. Packed full of practical analysis, the 2023 edition includes analysis of more than 100 court decisions not found in the 2022 version. The Claims Guide is the ultimate resource not only for attorneys but also claim handlers, underwriting personnel, title examiners, escrow officers and regulators. 

Save the Date for The Broadmoor!

ALTA ONE: New Horizons was a blast—and it was the biggest event ALTA has hosted to date! With almost 1,300 attendees, 400 of whom were new members or first-time attendees, ALTA ONE has proven it is the title insurance industry event that should be on your calendar. Save the date for Oct. 10-13, 2023, at the beautiful Broadmoor in Colorado Springs, Colo., and see what we have planned for you next. 

Transform Your Business with ALTA SPRINGBOARD

Transform your business with ALTA SPRINGBOARD, a unique, collaborative learning experience. For the first time, we will be presenting ALTA SPRINGBOARD in the Midwest: Join us March 20-22 in St. Louis! This event is structured around Ideas Festivals, three 45-minute Ted Talk-style sessions in which speakers will inspire and challenge you to think about the following topics in new ways:

 The Docket: Insured Lender Has To Clean Up Its Own Mess

Ron Damashek, a partner at the law firm Dickinson Wright PLLC in Chicago, provided today’s review of a decision by the Arkansas Court of Appeals that held the negligent recording of a mortgage by the Insured precluded coverage under Section 3(a) of the title policy. Read on to learn why this decision is important to the title industry.

New York Launches New Electronic Notary License System to Provide Online Services

The New York State Department of State launched the availability of a new online application and registration portal for notaries. Notaries can now register the capability to perform electronic notarial acts. Registration of the capability to perform electronic notary services is opt-in. 

ePN Renews as an ALTA 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. Read on to see what savings ePN offers ALTA members.

HUD Awards $315M in Historic Grants to Address Unsheltered and Rural Homelessness

The U.S. Department of Housing and Urban Development (HUD) announced the first set of communities to receive grants and vouchers to address homelessness among people in unsheltered settings and in rural communities.

CFPB Issues Guidance to Protect Mortgage Borrowers from Pay-to-Play Digital Comparison-Shopping Platforms

The Consumer Financial Protection Bureau (CFPB) issued an Advisory Opinion to address certain circumstances in which operators of digital mortgage comparison-shopping platforms may violate the Real Estate Settlement Procedures Act (RESPA).

ALTA Insights: Measuring Employee Satisfaction to Maintain Profitability

1:00-2:00 p.m. ET | Wednesday, February 22 | Register Today

Although your company is successful overall, are all departments working to their full potential? Employees’ attitudes toward an organization have a significant effect on how they approach their jobs, how they treat customers and on employee turnover. Research also suggests that high levels of employee satisfaction are associated with higher productivity and profitability. Register for this free Old Republic Title-sponsored ALTA Insights webinar to learn how to measure employee satisfaction not only at the overall corporate level but also within departments to help you discern how well each department is functioning. Hear from title company leaders who have used the results to improve their operations, company culture and bottom line. 

Get Your CE Exams for Free

Great news for 2023: Qualia is sponsoring all Continuing Education (CE) exams this year at no cost to you! Maintaining your CE requirements through ALTA’s Elevate Learning Center has never been simpler or cheaper. Click here to see how many credits each course offers in your state.

See What You’re Missing at ALTA SPRINGBOARD

2023 is the year to transform your business! Let us help you take your business to the next level with ALTA SPRINGBOARD, a unique, collaborative learning experience. This is the first time we will be presenting ALTA SPRINGBOARD in the Midwest; the event will be held March 20-22 in St. Louis. Take a look at this video and see what you’re missing!

Help Tell Our Story Through Your Network

Hearing from a diverse group of stakeholders who can communicate the benefits of title insurance and positive interactions with the industry helps ALTA advocate for public policies that help our members and clients. These personal connections are an important part of telling our story to the people who create public policy throughout the country. By showing lawmakers ALTA members’ contributions and impact on people’s lives, we can ensure our industry will continue to protect the American Dream.

Essent to Acquire Agents National, Boston National for $100M

Essent Group, through its wholly-owned subsidiary Essent Guaranty Inc., offers private mortgage insurance for single-family mortgage loans in the United States. 

 ALTA Insights: 2023 Mortgage and Housing Market Outlook

The latest residential lending and home sales forecasts are not very favorable. Total mortgage origination volume is predicted to decline to $2.05 trillion in 2023 from the $2.26 trillion expected in 2022. In addition, existing home sales are predicted to decrease nearly 7% in 2023 compared to 2022. Listen to this SoftPro-sponsored ALTA Insights webinar to hear from Stewart Economist Ted Jones and learn how future actions by the Federal Reserve to tame inflation and ongoing affordability challenges will impact the housing market so you can best prepare your operation over the next year.  

First American Acquires 1031 Solutions

The purchase expands First American’s ability to service customers in the Rocky Mountain region and surrounding markets.

FinCEN Warns of Potential Illegal Real Estate Purchases by Sanctioned Russia Elites

The Financial Crimes Enforcement Network (FinCEN) issued an alert regarding potential investments in the U.S. commercial real estate (CRE) sector by sanctioned Russian elites, oligarchs, their family members and the entities through which they act.

FCC Takes on Robocall Scam Targeting Homeowners

The Federal Communications Commission’s (FCC) Robocall Response Team took action to shut down an apparent illegal mortgage robocall scam by real estate brokerage firm MV Realty.

 Old Republic Reports 2022 Full-year, Q4 Earnings

Old Republic International Corp. reported that its title insurance segment generated $308.8 million in pre-tax income during 2022. This was down from $515.7 million in pre-tax income in 2021.

Real Advantage Title Launches Agency Division

Real Advantage Title Insurance Co. (RATIC) has launched an Agency Division to expand its underwriting services to title agencies across the county.

CATIC Hires National Accounts Manager

As senior vice president and national accounts manager, Kyle Rank will oversee the national and multi-state division within The CATIC Family of Companies.

Illinois Land Title Association Names New Executive Director

Christine Sparks, past president of the Illinois Land Title Association (ILTA) and chief operating officer and senior vice president at Attorneys’ Title Guaranty Fund Inc., was named executive director of ILTA. 

Near North Title Group Acquires O’Connor Title Guaranty

O’Connor Title Guaranty is 22-year-old title insurance agency serving the Chicago area and Southern Illinois commercial and residential real estate markets.

CoreLogic Appoints Chief Economist

In this role, Selma Hepp leads the economics team, which is responsible for analyzing, interpreting and forecasting housing and economic trends in real estate, mortgage and insurance. 

ALTA Advocacy Summit Registration is Open!

ALTA Advocacy Summit is now open for registration—and perhaps just as exciting, Capitol Hill is once again open to visitors! ALTA Advocacy Summit attendees will be walking the halls of Congress, May 8-10 in Washington, D.C. With that in mind, we are looking forward to providing you with more access to Members of Congress and their staffs. You can expect to meet some of our nation’s leaders face-to-face, an incredible opportunity that most Americans never get to experience.

Now is Your Chance to Grab the Title Insurance Law Journal

Make sure you have all the resources you need to succeed! The Title Insurance Law Journal, formerly known as the Title Insurance Law Newsletter, is the perfect tool for title industry experts and those who aspire to become one!

 ICYMI: Digital Edition of December TitleNews

The December edition of TitleNews profiles new ALTA President Jack Rattikin III, who is following the footsteps of his grandfather and father to lead the association. Other articles of note include ALTA Supports Federal Effort to Combat Deed Fraud, Protect Homeowners; ALTA ONE Attendees Find New Horizons; CATIC Releases Its First Inclusion Report; Freddie Says Rapidly Rising Rates, Declining Demand Driving Housing Market Slowdown; Bots are Not Coming for Your Job; and Federal Appeals Court Rules CFPB Funding Structure Unconstitutional.

New York Issues RON Regulations

The New York State Department of State issued regulations for remote online notarizations (RON) that went into effect Jan. 25.

 The Docket: Illinois Court Holds Title Claims Exempt From Complete Defense Rule

Michael R. O’Donnell, co-managing partner of the law firm Riker Danzig LLP, and James Mazewski, an associate with the firm, provided today’s review of a decision by an Illinois appellate court that held title insurance claims were exempt from Illinois’ “complete defense rule.” Read on to learn why this decision is important to the title industry.

An Introduction to Digital Closings for Consumers

Thanks to innovations by the title and settlement services industry, consumers are able to close on their dream home from the comfort of their couch in most cases. According to a 2022 ALTA Digital Closing Survey, 62% of companies offering remote online notarization believe this offering will increase over the next year. Because of this, it's important to educate customers about the process. Use this video to introduce your customers to digital closings.

Wire Fraud Advisory: Vacant Property Fraud

Real estate transactions have been a prime target of cybercrime over the past decade, and there is little sign of change in this focus, even as the housing market slows. Instead, fraudsters continue to evolve their scam and money laundering tactics to avoid detection. CertfID reports that the latest trend involves vacant lots or unencumbered properties. Read on for educational resources from ALTA to help consumers protect their money.

ALTA Publishes Major Revision to Best Practices

Changes to the ALTA Title Insurance and Settlement Company Best Practices go into effect May 23, 2023. Title and settlement companies may implement the new version of the Best Practices whenever they are ready. Any assessments—whether first-time assessments or renewals—completed after the effective date should use the version 4.0 framework. The significant changes involve escrow accounting, protection of non-public personal information and the settlement process.

Texas AG Investigating Home Title Lock for Potentially Misleading Consumers 

Texas Attorney General Ken Paxton is investigating Home Title Lock for potentially violating the Texas Deceptive Trade Practices Act by misleading consumers with deceptive statements concerning the prevalence of home title theft.

Use These Wire Fraud Education Resources

ALTA provides several resources to help title and settlement companies protect against wire fraud and to raise awareness about the threat with customers.

 Share This Video and Help Explain Benefits of Title Insurance

ALTA recently created this new animated video that explains how title insurance protects a consumer’s property rights. The video outlines a few simple examples to help consumers understand the benefits of title insurance. Use this video to help educate your customers about the benefits of title insurance.

 Most ALTA Members Not Covered by CFPB Proposal for Consumer Contracts

The Consumer Financial Protection Bureau (CFPB) on Jan. 11 announced a proposed rule that would create a registry of certain contract terms and conditions. This proposal would require certain nonbanks to annually submit information when their standard contracts impose limitations on consumer rights, including waivers of legal claims, choice of venue clauses, limitations on class actions, arbitration agreements and other legal waivers. Read on for analysis from ALTA as to why most ALTA members should be excluded from this proposal as they are not considered covered persons.

Old Republic Title CEO to Retire

Old Republic National Title Insurance Co. announced that Chief Executive Officer Mark Bilbrey will retire at the end of January. Bilbrey served as ALTA's 2005 president.

Second City to Debut at ALTA SPRINGBOARD

Whether you’ve been to ALTA SPRINGBOARD in the past or this will be your first time at the event, 2023 is the year you want to attend! Straight from Chicago, the Second City Works sketch comedy improv troop will be on hand at ALTA SPRINGBOARD. From the same Second City comedy theater that produced some of the most influential comedians, including Steve Carell, Dan Aykroyd, Tina Fey, Bill Murray and Amy Sedaris, Second City Works provides transformative training methods that help you build the skills necessary to make your company successful.

Doma, Paymints.io Partner to Reduce Wire Fraud and Paper Checks

Doma Holdings Inc. added digital payment solution provider paymints.io to its AgentMarketplace vendor partnership program to reduce the risk of wire fraud and allow homebuyers to digitally deposit earnest money. 

MISMO Announces 2023 Board of Directors

MISMO board members represent a cross-section of the residential and commercial real estate finance industry. 

 Bots are Not Coming for Your Job

It is a fear almost as old as technology itself. Any time technology in any industry takes a step forward, it tends to eliminate the need for a human to do something manually. Naturally, this can prompt the question “Will this technology eliminate my job?” Read on to learn how automation can give time back to employees and companies.

 More Than Insurance and Closings

We should be proud of the many socioeconomic efforts ALTA and its members are involved in. As we know, the title insurance industry is more than curing title defects, insuring lien priority and wiring funds. It’s about our neighbours and communities. Helping each other is what this industry is all about.

Indecomm Expands E-recording Capability

The company now offers electronic capabilities in 1,900 jurisdictions. 

Security Title Hires South Carolina State Manager

The Security Title Guarantee Corporation recently hired Toni Carroll to serve as South Carolina state manager and chief training officer.

 Industry Family Legacy: Jack Rattikin III Follows Footsteps of Grandfather, Father as ALTA President

Growing up in a conservative suburb near Fort Worth, Texas, Jack Rattikin III learned strong family values steeped in hard work, respect and integrity. His “Leave It to Beaver” household included his mother, father, three siblings and a dog. Read on to learn more about Rattikin III, who in October became the third generation of his family to be named ALTA president.

Stewart Acquires Ohio-based Elite Family of Companies

Stewart Title announced the acquisition of Elite Family of Companies, which is comprised of Elite Land Title, LLC Aspen Land Title Agency LLC and Citizens Land Title Agency LLC.

CATIC Acquires Lane Guide Lenders On Line

Lane Guide Lenders is a provider of data on individual lenders and the lending industry.

Sekady Names Vice President of Sales

Tony Codina brings experience in enterprise sales and customer success, and will lead sales and business development for Sekady products and services.

HURRY! Early Bird Rate Ends Jan. 31

This just in: We have extended our Early Bird rate for ALTA SPRINGBOARD! Register by Jan. 31 and save $100 on your member or non-member registration. And don’t miss your opportunity to stay with your friends and save even more: Our room block is going fast, so reserve your room today.

Tangible Risk Mitigation Tactics to Thwart Cyberattacks

Title and settlement companies report that the volume of cyberattacks have either increased or remained the same last year when compared to 2020. Because of this, title professionals should know essential risk-mitigation processes to protect against wire fraud and other cyber threats.

ALTA Asks FTC to Provide Clear Definition of a 'Junk Fee'

ALTA submitted a letter in response to the Federal Trade Commission’s advance notice of proposed rulemaking (ANPR) to address certain deceptive or unfair acts or practices relating to fees. In its letter, ALTA said the FTC should provide a specific and concise definition of a “junk fee” in the next step of the rulemaking process. Detailed guidance is important so industry has clear rules of the road and can set appropriate expectations for consumers.

Unsettled Commercial Markets Dissipating in 2023, MBA Reports

Commercial and multifamily mortgage originators are experiencing an unsettled market for borrowing and lending but anticipate those conditions will slowly stabilize over the course of 2023, according to the Mortgage Bankers Association's (MBA) 2023 Commercial Real Estate Finance (CREF) Outlook Survey, 

 FTC Proposes Rule to Ban Noncompete Clauses

The Federal Trade Commission (FTC) on Jan. 5 proposed a rule that would ban employers from imposing noncompete agreements with their workers. The proposed rule would apply to independent contractors and anyone who works for an employer, whether paid or unpaid. It would also require employers to rescind existing noncompetes and actively inform workers that they are no longer in effect.

Monarch Title Names New President

Christy Lyon has been promoted to president at Missouri-based Monarch Title Company Inc. Chuck Bowman said said he will remain as CEO/owner, but promoted Lyon as part of his succession plan. He plans to retire at the end of 2023.

LodeStar: Lenders Using Closing Fee Tech Required One Cure Every 22,000 Quotes

Mortgage loan originators using the closing fee calculator technology of LodeStar Software Solutions in 2022 averaged one inaccuracy requiring a cure out of every 22,000 fee estimates or quotes, the company reported.

Save on Three of ALTA’s 2023 Events!

To help you make new connections, expand your knowledge and create better business in 2023, we cordially invite you to attend ALTA’s three largest meetings: ALTA SPRINGBOARD, ALTA Advocacy Summit and ALTA ONE. And because you’re an ALTA member, we want to give you a little something special: We’re gifting you a members-only discount for our Three-Pack Special! Register for ALTA’s three major events in 2023 for only $1,325! Offer expires Feb. 3.*

ALTA Decertifies Several 2006 Policy Forms

In line with prior guidance, ALTA decertified certain 2006 series policy forms effective Dec. 31, 2022. Read on to learn which forms were decertified, as well as two technical corrections that were issued as the end of last year.

Stewart Announces Promotions in the Legal Department

Elizabeth Giddens has assumed the role of chief legal officer and corporate secretary following the planned retirement of John Killea as chief legal officer and chief compliance officer, while Mary Thomas was named chief compliance and regulatory officer for Stewart and Pamela O’Brien was named general counsel of Stewart Title Guaranty Co.

FinCEN Expects to Propose New Anti-money Laundering Rule This Year

FinCEN intends to issue a Notice of Proposed Rulemaking (NPRM) to address money laundering (AML) threats in the U.S. real estate sector in April, the Department of the Treasury indicated on its website.

 Several County Recording Offices Impacted by Possible Cyberattack

A possible cyberattack against a property records management vendor has left several county offices with the inability to allow for searches of their land records or electronically record documents.

Pythonic Obtains SOC2 Certification

Pythonic Corp. recently completed a System and Organization Controls (SOC) 2 Type 1 Audit examination for its document identification and data extraction workflow automation system.

 Stewart Settles No-Poach Allegations in New York

Stewart Title Guaranty Co. agreed to pay $2.5 million to settle allegations it entered into no-poach agreements with competitors in New York, according to the state’s attorney general (OAG).

Earn CE/CLE at ALTA Commercial Network

Feb. 15-17, 2023 | San Diego, CA | Register Today
Looking for CE/CLE? Register for the ALTA Commercial Network and take advantage of our offerings. Created solely for the commercial title space, this is the event specific to what you do on a daily basis. The event will be held Feb. 15-17, 2023, in San Diego at The Rancho Bernardo Inn.