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Shares in digital title and closing provider climb above $5, and the company will be back in the exchange's good graces if its share price remains above $1 for the next 30 trading days

The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to 'right size' and helped crown a new leader in mortgage lending

Series A investor Aquiline Technology Growth led the latest funding round following the closure of a new $365M fund, Aquiline Technology Growth Fund II, back in May

As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw premiums written drop by 18.4% from a year ago

Qualia API users can automatically place and track title orders and access order, accounting and contact data to build custom notifications and performance dashboards

Layoffs of 561 workers will generate $70M in annual costs savings, buying time for title insurer to adapt its 'instant underwriting' technology for purchase loans

The new suite of APIs automatically opens orders, tracks transaction status, exchanges documents and provides custom reporting features and notifications

The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others

While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn

Executives say layoffs will save the company about $30M a year and help it bring its technology to bear on purchase mortgages

Company races to adapt technology it pioneered to provide instant underwriting of title insurance for refis to be used on more complex purchase loans