#title-insurance

#title-insurance

Stewart Title National Commercial Services (NCS) has added a veteran Nevada title executive to oversee commercial operations in the state. The company announced that Ian Swainston has joined as vice president and operations manager supporting commercial growth efforts across Nevada. Swainston brings more than 29 years of experience in Nevada's title insurance industry. His background includes leadership roles focused on operations, strategic growth and team development within the state's real estate market.

Real estate professionals are increasingly looking for more ways to help protect their homebuyers and sellers amid an ongoing wave of fraudster activity that is now powered by AI and advanced technologies, said Jim Dulle, president of First American Title's direct division. By combining proactive title monitoring with the protection of title insurance, we're giving our customers added peace of mind and an early fraud warning system at no additional cost.

For years, Tracy and her team at Townsend have built a reputation as experts in title insurance, and have succeeded by putting their customer needs first, said Stewart Division President Robyn Dinsdale. This acquisition is a win for our customers in southwest Florida as the same trusted team and exceptional service they know remains now backed by the financial strength of a 132-year-old company, utilizing our expertise and technology to deliver faster, more efficient closings. We will be stronger together.

With the prolonged downturn in the market, a lot of our focus, whether that's internally for our own operations or for title agents across the country, has been, How do we create leverage, whether that's broad AI tools, support and title production, and so on?' he said. Obviously, a prolonged downturn has everybody taking a look at their businesses and how do you not overstaff when the recovery comes? It always comes at some point.

Mortgage refinance demand is 111% higher than last year, a surge fueled by declining mortgage rates and renewed interest from homeowners looking to improve their financial position. Refinancing can certainly be a smart movea way to lower monthly payments, consolidate debt, or tap into home equity. But this sense of routine can mask the very real risks involved. Many assume a refinance is simply a streamlined, less complicated process compared to purchasing a home.

The Federal Reserve's decision this month to cut its benchmark interest rate by 25 basis points was encouraging news for Americans eager to become homeowners. Although mortgage rates aren't set by the Fed, they are impacted by its policy changes. Indeed, prior to and in anticipation of the Fed's announcement, mortgage rates fell to their lowest level since October 2024, with the 30-year fixed rate dropping to 6.39% spurring a 29% spike in mortgage loan applications.

Mary was a force for good, not only in the title insurance industry but in communities nationwide, said ALTA President Richard Welshons. Her vision for the Foundation was rooted in the belief that our work extends far beyond real estate transactions. These latest grants are a continuation of the good she helped put into motion, and we are proud to honor her legacy by carrying it forward.

The title insurance industry continues to demonstrate resilience and reliability, even as the broader real estate market faces headwinds, said ALTA CEO Chris Morton. These results reflect not only strong financial performance, but also the vital role title professionals play in commercial real estate transactions alongside the residential housing market. Residential buyers, lenders and commercial real estate sectors all benefit from the stability and certainty title insurance protections provide every day.

Consumers should be aware AOLs are being offered as substitutes for title insurance but they do not, and legally cannot, offer the same protection as title insurance, the letter states. The gap in coverage may leave consumers without protection that they believe they purchased. White states that as long as the AOL does not offer consumers coverage that meets the definition of insurance as outline in the Code of Virginia, it is not subject to his Bureau's regulation.

Tara brings a powerful combination of industry expertise, strategic vision, and customer focus, Sally Tyler, the president of First American Title, said in a statement. She's ideally suited to drive strategic growth planning across the enterprise and accelerate our multi-brand strategy. Smith is not a newcomer to First American, having joined the firm in 2024, serving as a direct title group executive. Prior to this, she served as group president at Stewart Title, leading its title agency group.

According to the FBI's Internet Crime Complaint Center (IC3) report, cyber-enabled crime and fraud resulted in losses of $174 million in the real estate sector during 2024. Seller impersonation fraud, where criminals forge deeds to illegally sell someone else's property, have increased, with 28% of title insurance companies experiencing at least one attempt in 2023. These crimes can derail lives, drain savings, and force families into costly legal battles simply to defend what's already theirs.

By surfacing title decisions early, lenders can identify potential issues sooner by speeding up approvals, reducing fallouts, and minimizing manual work. The Upfront Title configuration allows lenders to apply title insurance rates that save borrowers 40% to 70% compared to traditional rates.

Fidelity National Financial has a long history of working with the GSEs and FHFA in protecting homeownership and property rights. We look forward to collaborating with the GSEs and FHFA on innovative title insurance solutions.

"Over the last 10 to 15 years, the IDFPR's willingness to engage and take on some of these bad actors has dissipated to the point where they literally do nothing."