Nation's largest mortgage lender says brokers 'will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication'
San Francisco-based title tech provider, set to be acquired by Title Resources Group, posted a $20.6M Q1 2024 net loss Tuesday, down 46% from a year ago but little improved from Q4 2023
The struggling loan technology provider will use an influx of cash from Haveli Investments to pay off the debt it took on to get into the title insurance business by acquiring Title365 in 2021
If approved by shareholders and regulators, the proposed merger would result in an all-cash $85M transaction, with TRG acquiring Doma's outstanding shares at 38% premium of $6.29 per share
After a 'transformational year,' CEO Max Simkoff says Doma is well positioned to help lenders take advantage of the Biden administration's push to reduce closing costs for mortgage borrowers
In a pilot program announced last week, the Biden administration cleared the way for Fannie Mae and Freddie Mac to let some homeowners refinance mortgages without paying for title insurance
The Dec. 20 cybersecurity incident has derailed closings and generated complaints about the lack of communication since the company took some systems offline
Two days after being hit by a cyberattack, the title insurance giant says it's still trying to restore operations, warns clients that it's taken its email system offline and to be wary of messages
The nation's largest title insurer won't say whether it was the target of a ransomware attack, sparking speculation that it paid a ransom to hackers exploiting Citrix Bleed software vulnerability
Fidelity National Financial acknowledges that a 'cybersecurity incident' disrupted the provision of title and escrow services and other technology the company provides to the real estate industry
The $4.5M agreement follows similar settlements with 'big four' title insurance underwriters Fidelity National Financial, Old Republic National Title Insurance and Stewart Title Guaranty
Opinion
With Anywhere's deal on the bombshell commission lawsuits, it's time to take a look at the way you communicate with buyer clients, and what to do next
Deals with Capital Title of Texas and Near North Title Group follow on sale of 22 retail title locations and operations centers in California to Williston Financial Group
Fathom Holdings will pay at least 8% interest on a convertible note company executives say will provide more flexibility as they seek 'cash flow profitability' by Q3
Joe Gaeta, formerly of Zillow, and Kiki Wanshura, formerly of Pacaso, have joined the lake markets-focused brokerage. Heather Glass, who joined the company in 2020 has also been promoted