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Tag Archives: Old Republic

Old Republic Acquires iMarc, Inc.

digital lending

Old Republic Title has acquired iMarc, Inc., (dba) E-Closing, a software applications and systems development company that provides cloud-based title and closing software for small and mid-size title insurance agencies.

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Title Insurance Premiums Rise 14% in Third Quarter

Title insurance premium volume rose 14 percent during the third quarter of 2013 when compared to the same period a year ago, according to the American Land Title Association (ALTA). Based on the national trade group's market share analysis for Q3, the title insurance industry generated $3.4 billion in premiums over the July-to-September period, compared to $3.0 billion in the third quarter of 2012.

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Title Insurance Premiums Decrease in Second Quarter

Title insurance companies wrote $2.30 billion in premiums throughout the second quarter of 2011, down from $2.33 billion in the second quarter of 2010, according to the American Land Title Association's (ALTA) preliminary 2011 second-quarter market share analysis. At the same time, premiums increased in 21 states and Washington, D.C. The biggest premium gains were seen in Iowa and South Dakota. Fidelity underwriters claimed the largest market share, with more than a third of the new business.

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Old Republic Default Management Services Hires SVP of REO Services

Scott French has joined Old Republic Default Management Services as SVP of REO management services. In this role, he will oversee REO services for the company's Dallas, Texas, and Orange, California, offices. Over the past 25 years, French held VP positions with two international financial firms managing various default functions, including REO, foreclosure, and valuations.

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Bank of America Brings Suit Against Old Republic

Bank of America says Old Republic International is wrongfully withholding payment on hundreds of millions of dollars in mortgage insurance claims on loans that have defaulted. BofA has filed a lawsuit against the mortgage insurer seeking to recover more than $160 million in damages. Bank of America says between 2009 and 2010, claims paid by Old Republic under its policy fell by 75 percent and denials persist, although the mortgage insurer markets its services as protecting lenders ""against default loss for virtually any reason.""

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Old Republic Will No Longer Insure JPMorgan and GMAC REOs

Questions about the legality of foreclosure proceedings have prompted Old Republic National Title Insurance to decide it will no longer insure titles to homes foreclosed by JPMorgan Chase and GMAC Mortgage. Chase and GMAC both halted foreclosure sales in 23 states and are reviewing legal filings that they say may have been signed without a notary's presence or without verifying the supporting documents.

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