Possible Fidelity/LPS Merger: Bad for Independent Title Agents, Bad for Consumers.

A proposed merger of the world’s largest title insurance underwriter, Fidelity National Financial (parent of Fidelity Title, Chicago Title, Lawyers Title and Commonwealth Title), and the country’s largest mortgage servicer, Lender Processing Services, is readying to close soon. The deal would merge the two giants into a “cradle-to-grave” mortgage services platform enabling the largest lenders…

NAILTA Continues Fight on Vetting

The National Association of Independent Land Title Agents (NAILTA) has joined with the Escrow Institute of California (EIC) and American Escrow Association (AEA) to participate in the Consumer Mortgage Coalition (CMC) in an effort to address third party vetting issues. The CMC is a coalition of trade organizations from the banking and finance sectors which…

Oklahoma Tornado

My Fellow Members and Friends It has been brought to our attention that two of our own have been affected by the devastating storms in Oklahoma. Various members of NAILTA and their families have sent donations to assist our fellow agents and the citizens of the town in their rebuilding process. I am asking you,…

NAILTA 6th Annual Conference

We are excited to announce that this year’s NAILTA Annual Conference will be held at the Hotel Monteleone in New Orleans, Louisiana on November 10-12, 2013. Located within the historic French Quarter, this event at the Hotel Monteleone promises to be a wonderful mix of business and fun. We are currently lining up speakers and…

Indiana Department of Insurance Wins Rate Appeal

On December 19, 2012, the Indiana Court of Appeals issued a reversal in a discriminatory rate case involving Ticor Title Insurance Company of Florida and the Indiana Department of Insurance. The case, styled Robertson, Insurance Commissioner of the State of Indiana v. Ticor Title Insurance Company of Florida, Case No. 49A02-1110-PL-971, upholds the previous administrative order…

NAILTA Weighs in on NAIC Escrow Theft White Paper

14916933_sAs the National Association of Insurance Commissioners (NAIC) and the title insurance industry attempt to address the concerns of regulators over the subject of escrow account theft and consumer protection issues, the National Association of Independent Land Title Agents (NAILTA) released the enclosed white paper and introduced an important predictive measure to help regulators spot title insurance underwriters who may be at greater risk for insolvency.

CFPB Publishes Final Qualified Mortgage Rule

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued its much-anticipated final rule concerning qualified mortgages. In July, 2010, Congress passed the Dodd-Frank Financial Reform Act mandating that the CFPB propose rules to protect consumers from toxic mortgage products. The CFPB, following its Congressional mandate, has created a final rule after reviewing 1,800 public comments from industry groups,…