Commitment Matters: Mary & Erica Peterson - 2022’s Voice of the Title Agent Report
In this episode of Commitment Matters, Mary speaks with Erica Peterson, Editor at October Research. Visit the Voice of the Title Agent website or email Erica directly.
During their conversation, Erica or Mary mentioned:
The Voice of the Title Agent Report is an independent source for up-to-the-minute, nationwide reporting on title insurance, settlement services, e-commerce and title technology, real estate market trends, ratings actions and earnings reports, mergers and acquisitions, niche markets and competitive business strategies. Download the entire 2022 report here.
In the survey, 47% of respondents said they were performing eclosings. In 2020, 21% were doing eclosings, and in 2017 that number was down to 15%. Here are more stats on eclosing and RON usage.
Erica says cybersecurity and fraud concerns dropped 20 percent from last year’s report. She says this was mostly due to better security protocols and education along with rising concerns about the housing market. This article details some more of those concerns.
Data from the report shows the number of mergers and acquisitions are continually rising. Partnerships have doubled within the last five years.
"Since our implementation, we have seen a decrease in the number of update phone calls we receive, which tells us that our customers are getting the information that they need from these new tools. California has so much to gain from what RamQuest has to offer and we are excited to share that with our customers."
Brynne DesMarteau-Ray, General Manager Affirmative Escrow