Realogy to sell title insurance arm and form joint venture

Joint ventures are all the rage. They've become really popular between real estate brokerages and mortgage lenders.

Good afternoon! Was this newsletter forwarded to you? Sign up here. Good afternoon —   Joint ventures are all the rage.   They've become really popular between real estate brokerages and mortgage lenders, with Compass and Guaranteed Rate unveiling their partnership in July, followed quickly by an announcement between eXp and Kind Lending. LoanDepot has built up a robust portfolio of partnerships with homebuilders, adding Schell Brothers to that list in March.   It's all part of providing a more seamless homebuying experience, and expanding that pipeline of ready buyers for all parties. Why not title, too?   Last week, Realogy announced it has agreed to form a title insurance underwriter joint venture with a $210 million investment from a private equity firm, Centerbridge Partners. The move will allow Realogy to gain liquidity from the sale while still maintaining a position in title.   As Tracey Velt, editorial director at RealTrends, notes in the article, Realogy was No. 1 in title closings and No. 2 in closed mortgage units in the 2021 RealTrends 500 rankings. Realogy will continue to own and operate its title settlement and escrow services, which are active in 43 states.   Who's going to jump on the JV bandwagon next?   Until next week —   Sarah Wheeler HousingWire Editor in Chief Realogy to sell title insurance arm for $210M, form JV   Realogy Holdings Corp. agreed to form a title insurance underwriter joint venture with a $210 million investment from private equity investment firm Centerbridge Partners, a move sure to shake up the title space. Fannie Mae changes homeowner education requirements    Fannie Mae announced today that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. For title companies, accuracy is only part of the solution   DataTrace developed DataTrace TaxSource to help title companies simplify and standardize the process for securing tax data. TaxSource is a centralized, on-demand tax reporting platform that produces accurate, consistent tax status. Presented by DataTrace The biggest risk to the housing market right now   What economic factors present the most risk to the housing market for the rest of this year and into 2022? HW+ Premium Content The Industry's Proven Instant Title Product 57% of consumers are either unsure or will definitely switch lenders to refinance. ServiceLink's EXOS Title can increase their likelihood to choose you by delivering speed and transparency – without sacrificing proven search methods. Learn more. Sponsor Content HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Unsubscribe Manage preferences

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