AREAL.ai, Los Angeles, released the Closing Disclosure Balancer Automation Tool, an AI-powered platform that allows lenders and their title agency partners to compare and balance Closing Disclosures to remain in full compliance with the CFPB’s TRID rules.
Tag: First American Title Insurance Co.
Industry Briefs Sept. 23, 2022: CFPB Annual Report Shows End to Refi Boom, Rise in Home Purchase Loans
The Consumer Financial Protection Bureau released its annual report on residential mortgage lending activity and trends for 2021. The report shows a shift from refinance loans in 2020 to home purchase loans in 2021, with a greater share of home purchase loans going to Asian, Black and Hispanic white borrowers
Industry Briefs Aug. 25, 2022: STRATMOR GROUP Addresses Challenging Leads Environment
In the mortgage industry’s current environment of rising rates, shrinking volumes and tight-enough-to-choke margins, lenders are faced with making tough decisions in their efforts to “right the ship,” according to mortgage advisory firm STRATMOR Group, Greenwood Village, Colo.
Industry Briefs Nov. 23, 2021: Fitch Says Banks Relatively Unscathed by Pandemic
Fitch Rating, New York, said global financial institutions’ credit ratings have been affected less severely by the pandemic than by the two previous crises this century.
Industry Briefs Oct. 6, 2021: WFG Whitepaper Examines Title Agent-Underwriter Relationship
WFG National Title Insurance Co., Portland Ore., published a new whitepaper that explores the title agent-underwriter relationship in great detail. The paper, “Creating a True Partnership Between Title Agencies and Underwriters,” is available as a free download on the WFG Blocks website.
Industry Briefs Aug. 17, 2021
The Federal Housing Finance Agency released reports providing the results of the 2020 and 2021 annual stress tests Fannie Mae and Freddie Mac under the Dodd-Frank Act.
MBA Honors Kurt Pfotenhauer with Woodward Distinguished Service Award
AUSTIN, TEXAS–The Mortgage Bankers Association honored Kurt Pfotenhauer, Vice Chairman of First American Title Insurance Co., with its Andrew D. Woodward Distinguished Service Award. The award is presented in recognition …