According to the Mortgage Bankers Association, mortgage credit availability decreased in April for the second month in a row. Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting said mortgage credit availability fell as lenders reacted to the jump in mortgage rates over the past two months. With home prices still escalating. interest...
Especially during purchase market cycles, title insurance is a fast-paced business with a lot of moving parts. Employees have to be empowered to make decisions and move things forward without fear of being taken to task for making a wrong move. This is true for every title agent or owner, and especially for owners who’ve...
There is nothing more exciting in the world then working for months, sometimes years, to put together a merger and to finally watch it come to fruition. In the months leading up to the merger, you undoubtedly gave a lot of thought to the logistics. Bringing two companies together often means merging office space, restructuring...
“It was the best of times; it was the worst of times.” In some ways, Charles Dickens opening salvo to his book A Tale of Two Cities feels just about right for 2022. Fresh off two straight years of historic origination volume and waves of title profits, most title businesses knew that the refinance train...
Our friends at Housing Wire recently did our own Aaron Davis the honor of publishing his thoughts on M&A in the title industry. As you likely know, the market remains hot, both for agents seeking to retire or “cash out” after a long, successful run, as well as for agents that believe the slight decline...
If you have been a title business owner for any length of time, you probably feel like you have a master’s degree in crisis management. What hasn’t been thrown your way in the past few years? Think firestorms on the west coast and hurricanes on the east coast, or pandemics and cybercrime invaders. And now...
News outlets are reporting that a home in Gulfport, Florida, was put up for auction for non-fungible token (NFT). The property was subsequently transferred for about 210 Ethereum, a type of cryptocurrency, which converted in cash to approximately $631,790. Although the transfer was billed as the first property exchange using cryptocurrency, the truth is hundreds...
We recently noticed some eye-opening employment statistics in the February jobs report from the Bureau of Labor Statistics? For starters, there are reportedly 10M+ job openings in the U.S. currently, and only 6.5M people actively looking. Wow. This is an important stat for the title insurance industry to pay attention to, because when the Spring...
The mortgage industry is also talking about eClosings and RON. Naturally, one of its leading trade publications approached our own CEO, Aaron Davis for his thoughts recently. (Subscription required) A recent study by Notarize found that lenders can save up to $444 on per loan costs with full eClosings. Title/settlement firms can save up to...
AMD Enterprises’ Own Aaron Davis Talks RON, eClosings in This Month’s ALTA Title News AMD and FAN CEO Aaron Davis is a little bit bearish on RON and eClosing crossing the adoption threshold in 2022. Yet, he’s also a little bullish, too. He shared his thoughts in an article written by ALTA VP of...
