Join part 2 of our conversation with FNF Senior Vice President Charles Cain as he covers the changing realities in the real estate industry and tips for increasing profitability. Together Chuck and Mary discuss: the challenges state regulators face today and how to effectively work with your regulator to achieve a healthy marketplace, the CFPB’s consideration of prohibiting buyers from paying for lender’s title insurance, how title agents are doing in this market and what are they doing differently to stay competitive and profitable, the use of AI for creating title commitments and policies, using AI effectively in other parts of title operations, data privacy, data security and wire fraud – how can you reduce your risks without going broke? Chuck also shares advice for updating your business processes for a new age, how to create a more valuable service offering, and how underwriters are helping agents in these unique times. Are you thinking about a new production software? Hear about an important first step in the process. How will the new world of MLS and real estate commissions unfold and how it will change what title and settlement agents do? It’s a wide-ranging discussion, full of practical tips for successfully navigating today’s market.

NOTE: This episode was recorded on July 17, 2024.

Chapters:

00:00 Changing Realities in the Real Estate Industry

02:19 Auditing Algorithms and Title Insurance

09:10 Embracing Technology and AI in Title Insurance

25:34 Staying Informed and Adaptable in a Changing Industry

Get In Touch…

Chuck Cain, senior vice president, national agency division, FNF Family of Companies (Guest), Charles.Cain@fnf.com

Mary Schuster (Host), mschuster@octoberresearch.com

To find more episodes of “Keys to Real Estate” or learn more about October Research – the nation’s leading independent provider of market intelligence, industry news, expert analysis and regulatory information for professionals in the real estate, title, financial and settlement services industries – visit www.OctoberResearch.com.

Episode sponsored by RamQuest – https://www.RamQuest.com

Episode produced by October Research – https://www.octoberresearch.com