Report: Closing Fees as Percentage of Purchase Price Decreases

Countering skyrocketing home values, the title and settlement industry continues to find ways to manage homebuying fees as closing costs as a percentage of purchase price declined during the first half of 2021. According to the latest data from ClosingCorp, closing costs as a percentage of purchase prices declined to 1.03% this year, down from

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It’s Time to be All In at ALTA ONE

ALTA ONE provides the opportunity for title professionals to dive into trends and policies shaping the industry. It’s also the optimal event to reconnect with colleagues from across the country and prepare for upcoming opportunities and challenges. It’s time to be ALL In for your customers, your business, your team and your future. Here’s a quick

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Giving Back ‘A Passion’

Giving back to their community is part of the company culture at Missouri-based Monarch Title Co. Company president and CEO Chuck Bowman MTP, NTP serves on several non-profit boards. One organization Bowman and his wife, Pam, support is GPMade Foundation. The group provides financial support for research for children facing lymphoma and leukemia cancer, support

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Help Your Company and Customers #BeCyberSmart

Fall is in the air and stores are packed to the gourd with everything pumpkin flavored. We can debate the allure of cinnamon and spice, but one thing that can’t be denied is the importance of having good cybersecurity hygiene. With October being Cybersecurity Awareness Month, now is a great time remind staff and customers

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Good Deeds: The Right Thing to Do

Jessica Gutierrez, vice president for Florida Title Insurance Co. (FTIC) lost her mother to breast cancer at a young age last year. To honor her mother, the title company decided to raise money for Florida’s Breast Cancer Foundation. To combat the brca gene, FTIC donated $125 for each closing it handled.    “Around that time,

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Turn Times Top Lender Concerns, WFG Survey Shows

Turnaround times are among the chief operational challenges for lenders, according to a survey by Williston Financial Group (WFG). The results signal a marked increase in concern over the impact lengthy turnaround times are having on real estate transactions. Conducted in June and July of this year, the survey asked mortgage lending executives from community

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New RULONA Amendment Gives More Flexibility

It’s not news to anyone in the title industry that there has been an explosion of interest in remote online notarization (RON) since the start of the COVID-19 pandemic. The past year also saw growing interest in paper alternatives to the RON experience. Performing a RON requires using electronic documents signed with electronic signatures. That

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2021 ALTA Commercial Network Webinar Series

Check out all four of the recordings from the 2021 ALTA Commercial Network webinar series. The presentations focused on the 2020 U.S. Supreme Court decision in the McGirt v. Oklahoma, the new ALTA Policy Forms, the revised ALTA NSPS Land Title Survey Standards and potential changes to 1031 business.   The Dirt on McGirt Find

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ALTA Member Profile: Doma’s Chief Data Scientist Strives to Take Title, Closing to New Galaxy

Andy Mahdavi Chief Data Scientist | Doma (formerly known as States Title)   How does a person with a doctorate in astronomy and astrophysics land in the financial services sector? It’s not as uncommon as you’d think! Research labs around the country need many more graduate research assistants than there are future professor jobs available.

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Cyber Coverage Premiums Increase 25%, Survey Shows

The average premium for cyber insurance coverage increased 25.5% during the second quarter of 2021, according to a survey from the Council of Insurance Agents & Brokers (CIAB). This is on top of an increase of 18% in the first quarter of the year. The increase for cyber insurance was caused by more ransomware attacks,

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