Dear Readers,
Sometimes, the headlines don’t seem to change, especially in the title
industry.
As you’ll see in this issue, despite the coronavirus pandemic, the
earnings momentum for title companies and underwriters seems to
continue unabated. This issue contains detailed reports of the thirdquarter
earnings of Stewart, Fidelity, First American and Realogy.
All have benefitted from low interest rates which have spurred a deluge
of refinances, for sure. But it would be overly simplistic to attribute all
the momentum to low interest rates.
Many companies in our space have embraced technology driven
efficiencies which constantly improve the closing process and enable
minor directional changes as needed.
Next year is bound to bring change. Undoubtedly, there will be a change
in leadership at the Consumer Financial Protection Bureau, and the
widespread distribution of a COVID-19 vaccine could impact the spring
and summer selling seasons.
Whatever the future brings, many in our industry seem prepared to
navigate calm or rough waters.
The Title Report Bonus Post