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DataTrace Launches TitleIQ Enterprise - An Innovative Nationwide Title Automation Solution

TitleIQ Enterprise improves operational efficiency, quality and productivity through a new single search and examination solution for streamlined delivery of title reports nationwide.

DataTrace Information Services LLC, the nation’s largest provider of data and automation solutions to the title and settlement services industry, announced today the launch of TitleIQ Enterprise™, an expansion of the DataTrace Automation Suite. The industry's premier full title solution, TitleIQ Enterprise unifies multiple search processes – automated, title plant and title production services – into a single digitally connected search and examination solution for expedited nationwide title report production. 

Boulder Man Pleads Guilty To Nearly $32 Million Bank Fraud Scheme
United States Attorney Jason R. Dunn announced today that Michael Scott Leslie, age 57, of Boulder, Colorado, pleaded guilty to federal bank fraud and aggravated identity theft charges.
Real Title Services
Builder Confidence in the 55+ Housing Market Bounces Back in Second Quarter
Builder confidence in the single-family 55+ housing market bounced back in the second quarter, jumping 27 points to 65, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI) released today.
AccuSearch Company
Pending Home Sales Mount 16.6% Increase in June
Pending home sales continued to ascend in June, sustaining two consecutive months of increases in contract activity, according to the National Association of Realtors®. Each of the four major regions experienced growth in month-over-month pending home sales transactions, while the Northeast was the only region to not record increases in year-over-year pending transactions.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 0.8 percent from one week earlier,according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 24, 2020.
Former Real Estate Attorney and Wife Indicted on Mortgage Fraud and Tax Charges
A former Massachusetts attorney and his wife were indicted today in federal court in Boston in connection with various mortgage fraud schemes.
National Association of Realtors® Launches Exhibit Celebrating Innovative Solution to Veteran Homelessness
In honor of the 20th year of the Good Neighbor Awards, the National Association of Realtors® (NAR) and Havas Chicago are working together to celebrate the impact of each winner in the communities they call home. Each year, NAR’s Good Neighbor Award recognizes members who make extraordinary commitments as volunteer leaders, improving the quality of life in their communities.
Share of Mortgage Loans in Forbearance Decreases for Sixth Straight Week to 7.74%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 6 basis points from 7.80% of servicers' portfolio volume in the prior week to 7.74% as of July 19, 2020. According to MBA's estimate, 3.9 million homeowners are in forbearance plans.
Quick Links
Fed keeps interest rates near zero, saying the recovery will depend on the pandemic
The Federal Reserve left interest rates unchanged near zero in its monetary policy update Wednesday, and it once again reiterated that the economic recovery will depend on the path of the virus.

JetClosing raises $8.5M as pandemic highlights demand for digital title and escrow service
JetClosing uses machine learning, serverless computing, and other technology to digitize the closing process. Its competitors - incumbent title and escrow services - can do the same job, but JetClosing does it faster, cheaper, on mobile, and with more transparency, according to the company.

Expetitle, a digital title company, completes an $850,000 fundraising round
Expetitle, a digital title company and a leader in remote real estate closings, announced today it has completed a $850,000 fundraising round. The investment brings Expetitle's total funding to over $1 million and will help the company aggressively expand its sales and marketing efforts, as well as to continue to develop additional product functionality.

Alliant National Title CEO claims private equity firm tried to force him out of company
Bob Grubb, the CEO of Alliant National Title Insurance Co., claims a private equity firm forced him out of the company's leadership role last year and delayed negotiations to prevent him from getting a lucrative severance package.

Brevard woman sentenced for selling fake title insurance policies
U.S. District Judge Martin Reidinger sentenced Ginger Lynn Cunningham, 39, formerly of Hendersonville and currently residing in Brevard, to 14 months in prison for selling fake title insurance policies, announced Andrew Murray, U.S. attorney for the Western District of North Carolina.

Fed Policy Has Kept Mortgage Rates Low. It's Also Driving Up Home Prices
As the Federal Open Market Committee (FOMC) prepares to meet this week, mortgage borrowers are facing some of the lowest interest rates in history. The housing market is heating up-driving home prices higher-after a slow spring season. And refinance activity has exploded, up 122% year-over-year in mid-July.

The Battle for CoreLogic Is Heating Up
Potential deal activity was welcomed by investors, with shares swiftly climbing above the offering price, and recently trading just above $67. But CoreLogic rebuffed the offer, saying that it "significantly undervalues" the company.


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