Utah 1st state to ban long-term listing agreements enforced by lien

Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association. Continue reading

Essent scooping up Finance of America’s title businesses for $100M

The struggling lender’s pivot to reverse mortgages creates an opportunity for the big private mortgage insurer to acquire Agents National Title and Boston National Title. Continue reading

Insurance industry veteran re-ups for another 3 years as Stewart CEO

Fred Eppinger who is credited with generating “record-setting growth and success” earned $5.15 million in total 2021 compensation, the company said. Continue reading

Tech-enhanced title provider Flueid announces $15M Series B raise

Series A investor Aquiline Technology Growth led the latest funding round following the closure of a new $365 million fund, Aquiline Technology Growth Fund II, back in May. Continue reading

UWM can rapidly scale new loans that lack title insurance

The wholesale lender is hiring and training lawyers to generate attorney opinion letters in-house in order to meet what the company expects to be strong demand. Continue reading

UWM now offering mortgages without lender’s title insurance

The nation’s largest wholesale mortgage lender moves to capitalize on rule changes by mortgage giants Fannie Mae and Freddie Mac aimed at helping borrowers save on their closing costs. Continue reading

‘Big four’ title insurers take market share from independents

As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw second-quarter premiums drop by 18.4 percent. Continue reading

Attorney title opinions could give title insurers a run for their money

SingleSource Property Solutions and Voxtur launch an alternative to title insurance that’s designed with Fannie Mae and Freddie Mac’s new guidelines in mind. Continue reading

Doma announces more layoffs as cumulative losses top $300M

Layoffs of 561 workers are expected to generate $70 million in annual cost savings, buying time for digital title insurer to adapt its “instant underwriting” technology for purchase loans. Continue reading

Endpoint rolls out enterprise-wide closing solution for proptechs

The new suite of APIs automatically opens orders, tracks transaction status, exchanges documents and provides custom reporting features and notifications. Continue reading