Traditional protections like title insurance and closing protection letters may leave lenders exposed to significant settlement, funding, and fraud-related losses
Tagged: Title Insurance
Company argues efforts to lower closing costs could transfer risk to lenders, borrowers and investors
Voxtur Analytics’ bankruptcy filing has reinforced ALTA’s warning that attorney opinion letters are a fragile and inferior alternative to title insurance, raising renewed concerns about risk, liability, and consumer protection for lenders and regulators
ACES Quality Management reported that the mortgage industry’s overall critical defect rate rose to 1.51% in the second quarter of 2025, driven largely by sharp increases in appraisal and borrower eligibility defects
Incoming CEO Kevin Wall says company’s commitments to lenders, innovation align ‘perfectly’ with his own values
Heather Bland will work in Direct Operations
40-year industry veteran Dan Hassen welcomed by Portland-based title company
Expenses to fix title issues increase, but the cost of coverage is down since 2004.
The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.
Program will not reduce consumer costs like Biden administration claims, say trade groups