ALTA | Jotup

ALTA Good Deeds Foundation Provides Emergency Grant for Hurricane Ian Relief

Retrieved on:

Wednesday, October 5, 2022

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The Foundation Board awarded the emergency grant to aid Florida victims and evacuees with any needs following the storm.

Key Points:

The Foundation Board awarded the emergency grant to aid Florida victims and evacuees with any needs following the storm.
This emergency grant from the ALTA Good Deeds Foundation will help provide relief to victims who are struggling to have even their basic needs for food, water and shelter met."
I want to thank my fellow ALTA members for supporting the ALTA Good Deeds Foundation; because of their gifts, we are able to help Florida residents at what is likely the most challenging time of their lives."
Founded in 2020 by the American Land Title Association, the ALTA Good Deeds Foundation is a 501(c)(3) nonprofit.

ALTA Reports Q2 2022 Title Premium Volume

Retrieved on:

Thursday, September 29, 2022

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WASHINGTON, Sept. 29, 2022 /PRNewswire/ -- The title insurance industry generated $6.21 billion in title insurance premiums during the second quarter of 2022 compared to $6.54 billion during the same period a year ago, according to the American Land Title Association's (ALTA's) latest Market Share Analysis .

Key Points:

WASHINGTON, Sept. 29, 2022 /PRNewswire/ -- The title insurance industry generated $6.21 billion in title insurance premiums during the second quarter of 2022 compared to $6.54 billion during the same period a year ago, according to the American Land Title Association's (ALTA's) latest Market Share Analysis .
"This quarter's report reinforces the fact that real estate remains local," said ALTA CEO Diane Tomb.
For the first six months of the year, title premium volume is nearly flat compared to the first six months of 2021, down 0.5% from $12.22 billion to $12.16 billion.The industry paid $277.2 million in claims through the first six months of 2022.
First American Title Insurance Co., 21.4%
Old Republic National Title Insurance Co., 14.9%
Fidelity National Title Insurance Co., 14.3%
Westcor Land Title Insurance Co., 4.2%
WFG National Title Insurance Co., 2.5%
First National Title Insurance Co., 0.9%

Land Topography Corporation Becomes a California Licensed Land Surveyor

Retrieved on:

Wednesday, September 28, 2022

COVID-19, ALTA, Cyrus, Engineering, Growth, Workload, GIS, RTK, Surveying

Summary: Land Topography Corporation was established as an engineering consultant firm in Los Angeles. Recently, the company announced the expansion of its service after becoming a California-licensed land surveyor.

Key Points:

Furthermore, Land Topography Corporation has been in the field since 2014.
The company has also split its surveying operations into four different departments, each offering specific services in residential, commercial, land use, or building construction.
In addition to that, Land Topography Corporation has progressed after the expansion.
The CEO of Land Topography Corporation, Cyrus Azarmy, is an artist and engineering consultant.

Monnit Wins Two 2022 IoT Innovator Awards

Retrieved on:

Tuesday, September 20, 2022

Monnit is a winner in two categories of the 2022 IoT Innovator Awards.

Key Points:

Monnit is a winner in two categories of the 2022 IoT Innovator Awards.
The awards were recently presented to Monnit by IoTInnovator.coma prominent news outlet focused on examining the ever-evolving IoT market.
The IoT Innovator Awards programnow in its sixth yearuncovers and recognizes the best IoT businesses and products globally.
These awards for our ALTA Sensors are invaluable and meaningful industry honors by IoTInnovator.com, said Brad Walters, Monnit Founder and CEO.

BBG EXPANDS PRESENCE IN NORTHEAST

Retrieved on:

Monday, September 19, 2022

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DALLAS, Sept. 19, 2022 /PRNewswire/ -- BBG, a leading, national commercial real estate services firm, today announced that it appointed industry-leader Chris Harland, MAI as Managing Director. Mr. Harland and his team of five commercial appraisers are joining BBG's newly opened office in Albany, NY, the firm's 49th U.S. office.

Key Points:

The addition of the Albany, NY office will expand BBG's coverage in the Northeast, further strengthening the firm's presence in this region.
For more than three decades, Mr. Harland's career has focused on the appraisal, underwriting and analysis of real estate throughout the Northeast.
He is also a certified real estate appraiser in New York and various other states in the Northeast.
Prior to joining BBG, Mr. Harland served as Managing Director of Hilco Real Estate Appraisal's Northeast region.

FORTUNE® Names CATIC One of the Best Workplaces in Real Estate™ in 2022, Ranking #21

Retrieved on:

Thursday, September 8, 2022

ROCKY HILL, Conn., Sept. 8, 2022 /PRNewswire/ -- Great Place to Work and Fortune have honored CATIC as one of the 2022 Best Workplaces in Real Estate.

Key Points:

ROCKY HILL, Conn., Sept. 8, 2022 /PRNewswire/ -- Great Place to Work and Fortune have honored CATIC as one of the 2022 Best Workplaces in Real Estate.
Earning a spot means that CATIC is one of the best companies to work for in the country.
The Best Workplaces in Real Estate award is based on analysis of survey responses from over 23,000 employees from Great Place to Work-Certified companies in the real estate industry.
In that survey, 95% of all CATIC employees, including its subsidiaries (CATIC Title and Universal Component Lender Services), said CATIC is a great place to work.

Fortis Appoints Mark Olson as Chief Financial Officer

Retrieved on:

Wednesday, August 31, 2022

DENVER, Aug. 31, 2022 /PRNewswire/ -- Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, today announced the appointment of Mark Olson to the position of Chief Financial Officer, effective immediately.

Key Points:

DENVER, Aug. 31, 2022 /PRNewswire/ -- Fortis, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, today announced the appointment of Mark Olson to the position of Chief Financial Officer, effective immediately.
Mr. Olson brings over 30 years of experience in banking, having served most recently as the Chief Financial Officer of Altabank (NASDAQ: ALTA) in American Fork, UT prior to its sale to Glacier Bancorp in late 2021.
"Mark's significant financial leadership and M&A experience will be instrumental to the future growth of Fortis and value creation for our shareholders.
As CFO, Mr. Olson's responsibilities will span financial strategy and financial operations, including financial planning, controllership, treasury, corporate development, and investor relations.

BBG APPOINTS R. J. DEBEE III AND MATTHEW BULECZA TO MANAGING DIRECTORS OF ALTERNATIVE PRACTICE GROUPS

Retrieved on:

Monday, August 8, 2022

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DALLAS, Aug. 8, 2022 /PRNewswire/ -- BBG, a leading national commercial real estate services firm, today announced that it appointed R. J. DeBee III and Matthew Bulecza, MAI, AI-GRS, to Managing Directors of the firm's newly launched Alternative Practice Groups.

Key Points:

DALLAS, Aug. 8, 2022 /PRNewswire/ -- BBG, a leading national commercial real estate services firm, today announced that it appointed R. J. DeBee III and Matthew Bulecza, MAI, AI-GRS, to Managing Directors of the firm's newly launched Alternative Practice Groups.
Before joining BBG, Mr. DeBee served in a management role at CBRE as well as previously at Salus Valuation Group.
Mr. Bulecza will be responsible for quality control across all of the Alternative Practice Groups.
James Graber, MAI, Executive Manager Director of Alternative Practice Groups, commented on Mr. DeBee's and Mr. Bulecza's new roles: "We are very fortunate that R.J. and Matthew have joined our team of professionals within the Alternative Practice Groups.

ALTA Applauds House of Representatives for Passing the SECURE Notarization Act

Retrieved on:

Thursday, July 28, 2022

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WASHINGTON, July 28, 2022 /PRNewswire/ -- The American Land Title Association (ALTA), the national trade association of the land title insurance industry, applauds the U.S. House of Representatives for passing the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act, which would authorize the use of secure remote online notarization (RON) nationwide with key consumer protections.

Key Points:

WASHINGTON, July 28, 2022 /PRNewswire/ -- The American Land Title Association (ALTA), the national trade association of the land title insurance industry, applauds the U.S. House of Representatives for passing the Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act, which would authorize the use of secure remote online notarization (RON) nationwide with key consumer protections.
The SECURE Notarization Act was rolled into a package of bills the House passed Wednesday evening by a vote of 336-90.
The SECURE Notarization Act would:
"Today, the U.S. House took a major leap toward establishing a more modernized notarization system that doesn't leave anyone behind," said Diane Tomb, ALTA's chief executive officer.
The bipartisan SECURE Notarization Act was introduced in the House by Reps. Madeleine Dean (D-PA) and Kelly Armstrong (R-ND).

Kroll Bond Rating Agency (KBRA) Upgrades Rating for CATIC to A- with Stable Outlook

Retrieved on:

Wednesday, July 27, 2022

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ROCKY HILL, Conn., July 27, 2022 /PRNewswire/ --CATIC has received an upgraded rating of "A-" from the Kroll Bond Rating Agency (KBRA).

Key Points:

ROCKY HILL, Conn., July 27, 2022 /PRNewswire/ --CATIC has received an upgraded rating of "A-" from the Kroll Bond Rating Agency (KBRA).
KBRA also upgraded the rating for CATIC Financial, Inc. and affirmed the rating on CATIC Title Insurance Company.
CATIC, along with its sister company, CATIC Title Insurance Company, has had a significant growth in direct premiums over the past seven years.
Based on this new upgraded rating and stable outlook, KBRA expects adequate surplus growth at CATIC over the next few years driven by projected profitability.