Rising home sales, prices help title insurers post record profits

Rising home sales and prices helped title insurers post their best second quarter earnings ever, thanks to lower claims and a surge in premiums. Continue reading

Stewart buying Informative Research to further ‘end-to-end’ platform goal

If and when the $192 million deal closes, it will be Stewart’s biggest bet on ancillary services, and it will bring the total spent on acquisitions during Stewart CEO Fred Eppinger’s tenure to more than half a billion dollars. Continue reading

New, deeper mortgage relationships boost Blend’s Q2 revenue

The San Francisco-based cloud banking software developer reported second quarter revenue of $32.1 million, up 46 percent from a year ago. Continue reading

Flueid awarded patent on title insurance decisioning platform

Flueid Decision is multi-tenant and agnostic, meaning “it’s not owned or managed by any one underwriter, title agent, lender, servicer or service provider and is not focused on any one component of the real estate lifecycle.”  Continue reading

First American to pay $1.185M over alleged perks for real estate agents

Networking group provided video marketing of listings, bus caravans to promote listings, investigators allege. Continue reading

Opendoor’s mortgage attach rate jumps, but at what cost? Mike DelPrete

For any company attempting to generate profits from adjacent services, and there are a lot, mortgage remains hard. It is no panacea for profitability. Continue reading

Ransomware attack threatens closings, sensitive client data

A ransomware attack on Cloudstar, which provides cloud hosting for title insurance applications, is threatening to derail mortgage closings and put sensitive client information at risk. Continue reading

Digital closing firm Doma sees agents as key area for growth

Doma, which plans to go public this month on the strength of its digital title insurance, escrow and closing platform, is intent on growing its business with real estate agents. Continue reading

Fidelity National drops massive acquisition bid amid opposition

Fidelity’s attempt to buy Stewart Information Services fell apart after the Federal Trade Commission said it would oppose the deal. Continue reading