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NextAce processes 10 millionth automated title report
NextAce, the leader in title automation solutions and a wholly owned subsidiary of Fidelity National Financial, announced today the completion of its 10 millionth automated title report. Since its founding in 2003, NextAce has worked to automate the title production process and now represents 20% of real estate transactions in the United States. This is a milestone for both the company and the title industry and shows how increased pressure on the industry to deliver faster title reports has driven the widespread adoption of automation solutions like NextAce.


First American Mortgage Solutions Showcases End-to-End Digital Mortgage at MBA Annual
First American Mortgage Solutions, LLC, a part of the First American family of companies, announced today it will host a unique Digital Mortgage Experience during the MBA Annual conference on Oct. 14-17 in Washington, D.C.
American Land Title Association Elects Cynthia Durham Blair NTP as President
The American Land Title Association, the national trade association of the land title insurance industry, announced that Cynthia Durham Blair NTP has been installed as president for the 2018-2019 year.
AccuSearch Company
September New Home Purchase Mortgage Applications Increased 8.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2018 shows mortgage applications for new home purchases increased 8.2 percent compared to September 2017.
American Land Title Association Announces Winners of Title Webbies
The American Land Title Association, the national trade association of the land title insurance industry, has announced the winners of the Title Webbies, an awards program recognizing member companies that have created or redesigned the best title industry consumer-facing website or page within the past year.
Redfin Brings 1% Listing Fee to Nashville and Salt Lake City
Today, Redfin, the next-generation real estate brokerage, expanded its one-percent listing fee to Nashville and Salt Lake City. Redfin's home-selling customers in these areas will pay Redfin just one percent of the final sale price, subject to a minimum fee of $3,000.
American Land Title Association Announces Winners of Inaugural ALTA Our Values Awards
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, has announced the winners of the first ALTA Our Values Awards.
Realtors® Applaud Senate Passage of 2018 WRDA Bill
National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement after the Senate today voted to pass S. 3021, America’s Water Infrastructure Act of 2018.
Former NAHB Chairman Ed Brady Named New President and CEO of Home Builders Institute
Ed Brady, Bloomington, Ill.-based builder and developer and 2016 Chairman of the National Association of Home Builders, has been appointed as the new president and chief executive officer of the Home Builders Institute.
Mortgage Applications Decline in Latest MBA Weekly Survey
Mortgage applications decreased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending October 5, 2018.
ALTA Engages Recruitment Consulting Firm for CEO Search
The American Land Title Association, the national trade association of the land title insurance industry, has contracted Korn Ferry, a global organizational consulting firm, to explore candidates for the association’s chief executive officer position.
AmTrust Title Partners with CertifID to Help Prevent Wire Fraud for Agents
AmTrust Title, a leading provider of title insurance and related services for the commercial and residential real estate industry, has partnered with CertifID, the real estate industry’s only identity management platform for wire fraud prevention and today announces it will cover the costs associated with the transactional use of CertifID for its network of title agents, nationally.
North American Title Insurance Co. launches AgentLink 2.0
North American Title Insurance Co. (NATIC) has launched AgentLink 2.0, the company’s new policy applications system within its agent portal.
Quick Links
Where The Next Real Estate Bubbles Are Inflating
Cities hemmed in by mountains or water have this problem, while a metropolis bordered by generous amounts of open space do not. Of course, that doesn't mean that prices in the most-expensive markets are fair. They are often headed for a fall.

Thousands line up for zero-down-payment, subprime mortgages
Magdalene Altidor lost her home to foreclosure during the subprime mortgage crisis, but this week she was first in line at a four-day event in Miami where borrowers with poor credit were offered no-down payment, low interest rate loans.

Mortgage rates on 30-year home loan hit 5 percent, a nearly 8-year high
Buying a home just got a bit more expensive. Rates on the most common mortgage topped 5 percent for the first time since February 2011, making it even harder for buyers to get an affordable house.

Sellers Are Slashing Home Prices, But Rising Mortgage Rates Might Dull The Impact
For the first time in what seems like a while, would-be home buyers have something to celebrate: Home price reductions have hit their highest level since 2014.

Two Senate Dems call for investigation into money laundering in luxury real estate
Senators Chris Van Hollen (D-Md.) and Sheldon Whitehouse (D-R.I.) have called on the Government Accountability Office to study whether vulnerabilities in anti-money laundering laws applicable to the real estate sector present increased risk of criminal activity.

Artificial Intelligence Competing with Real Estate Agents
A new brokerage is creating stiff competition for traditional real estate agents. REX Real Estate Exchange (REX) uses artificial intelligence, machine learning, and robots to connect buyers, sellers, and properties-all for two percent commission.

Radian Previews Bold New Visual Identity at 2018 Annual MBA Convention & Expo
"The new Radian is dedicated to disrupting existing business models to enable our customers to better transact and manage risk across the mortgage and real estate spectrum. Unlike traditional mortgage insurance companies, we're able to offer a much broader, more diversified set of products and services to our customers. That puts us in a unique position to deliver on the mortgage industry's need for innovation as it adapts to new expectations for speed, transparency, and accountability."

Understanding Mortgage Insurance: What's the Difference Between MIP and PMI?
The homebuying process brings with it a lot of terms and acronyms that can be quite confusing to those unfamiliar with the industry. For instance, if you're like the large number of homebuyers who struggle to come up with that elusive 20 percent down, you may hear the acronyms PMI and MIP while shopping for your mortgage. While they both have to do with mortgage insurance, they are handled in different ways.


On the Blogs

Ohio Transfer on Death Designation Affidavit: Life Estate and the Remainder
Source of Title Blog
2018/09/16
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