Tag Archives: ALTA

ALTA takes aim at seller impersonation fraud: What to know

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As seller impersonation scams surge, the American Land Title Association is launching new protections, writes new contributor and current ALTA president Richard H. Welshons. Continue reading →

Trump administration expands Fannie Mae title waiver program

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Title insurers wanted to put the brakes on a pilot program that uses automated title reviews to allow some homeowners to refinance their mortgage without having to pay for title insurance. Continue reading →

Nation’s biggest lender, UWM, is piloting Fannie Mae title waivers

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Trade group for title insurers complains federal regulators are disregarding the views of lawmakers in allowing program to move forward on eve of a second Trump administration. Continue reading →

Debate over title insurance alternatives is heating up again

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Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac’s federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance. Continue reading →

UWM expands program that dispenses with title insurance

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Nation’s largest mortgage lender says brokers “will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication.” Continue reading →

Title technology provider Doma posts $124M 2023 net loss

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CEO Max Simkoff says the company is well positioned to help lenders take advantage of the Biden administration’s push to reduce closing costs for mortgage borrowers. Continue reading →

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

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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 →

Mortgage finance veteran Nick Smith joins Voxtur’s board

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The mortgage data analytics provider that is pioneering attorney title opinion letters had previously expanded digital asset capabilities with a $101 million Blue Water acquisition. Continue reading →

‘Homeowner benefit agreements’ in spotlight amid MV Realty probe

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North Carolina regulators are investigating alleged predatory and deceptive practices by Florida-based MV Realty, which operates in 33 states and has more than 500 licensed agents. Continue reading →

UWM can rapidly scale new loans that lack title insurance

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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 →