Latest news with #MaryO'Donnell
Business Wire
11-07-2025
- Business
- Business Wire
Westcor Land Title Insurance Company ® Partners on Fannie Mae Title Acceptance Pilot
MAITLAND, Fla.--(BUSINESS WIRE)-- Westcor Land Title Insurance Company ® is partnering with X1 Analytics ® in Fannie Mae's Title Acceptance pilot. The pilot is part of an ongoing effort by the Federal Housing Finance Agency (FHFA) and Fannie Mae to modernize the mortgage closing process and reduce costs for consumers and taxpayers. Westcor partnered with Mortgage Connect LP, a policy issuing agent, in the creation of this solution. This initiative is distinct in the marketplace as it includes a title insurance-backed product. While this policy departs from the traditional title insurance model in scope, it retains the core benefits and legal assurances that are the hallmark of the industry. This approach ensures that both borrowers and lenders are protected while supporting efforts to deliver real savings at the closing table. At Westcor, innovation and consumer protection go hand-in-hand. The underwriter's participation in this program reflects its long-standing mission to evolve the title industry with practical, forward-thinking solutions that preserve the foundational protections buyers, lenders, and investors have come to rely on. 'We're proud to support the GSEs' modernization goals while continuing to uphold the core value of title insurance — protecting property rights,' said Mary O'Donnell, CEO of Westcor. 'This pilot proves that innovation and consumer protection can go hand in hand.' While the title industry continues to evolve, Westcor believes this new model strikes an important balance. It brings meaningful efficiencies to the closing process without eliminating the safeguards that consumers and lenders have long relied on. In doing so, it also offers lenders a compelling alternative that is ready to deploy today. 'We're grateful to Director Pulte and his team at FHFA and Fannie Mae for recognizing that innovation in title can both lower costs and preserve protections while fostering competition,' O'Donnell added. Westcor is the largest independent title insurance company in the nation and remains committed to serving its agent network and protecting consumers in every transaction. About Westcor Land Title Insurance Company ® Founded by title agents, Westcor is the number one independent title insurance underwriter in the nation. Westcor's technology-driven products and services and sound underwriting help agents and their customers close real estate transactions faster and with peace of mind. Westcor is rated B+ (Sound Financials) by Kroll and A' (A Double Prime) by Demotech Rating Inc. Based in Maitland, FL, Westcor has regional offices throughout the United States. Westcor is part of the Ardán family of companies. Ardán makes real estate closings faster, simpler, and safer through technology-driven, innovative solutions, sound underwriting, and exceptional customer service.
Yahoo
21-03-2025
- Business
- Yahoo
ALTA Good Deeds Foundation awards $6K grant to Jacksonville Community Land Trust
The American Land Title Association (ALTA), through their Good Deeds Foundation, announced a $6,000 grant to be given to the Jacksonville Community Land Trust on Thursday. >>> STREAM ACTION NEWS JAX LIVE <<< [DOWNLOAD: Free Action News Jax app for alerts as news breaks] Announced at ALTA EDge, the Jacksonville Community Land Trust is one of the 17 nonprofit organizations to receive this grant. 'In just a few years, the ALTA Good Deeds Foundation has transformed the generosity of title professionals into tangible community impact, awarding more than $1.2 million to 211 nonprofit organizations across the country,' said Foundation Board Chair Mary O'Donnell, president and CEO of Westcor Land Title Insurance Co. and past president of ALTA. 'These grants empower local organizations to continue their critical work, strengthening neighborhoods and supporting those in need.' 'We are honored to be the recipient of this grant from the ALTA Good Deeds Foundation,' said Robin Pfalzgraf, Executive Director at Jacksonville Community Land Trust. 'Our organization will use this grant to create homeownership options for low- and moderate-income individuals and families to improve neighborhood stability, promote economic development, and build wealth while preserving affordable homes for future generations.' The Jacksonville Community Land Trust was nominated for the grant by Stephanie Burch at Driver, McAfee, Hawthorne and Diebenow, PLLC. Click HERE to learn more about the Good Deeds Foundation. [SIGN UP: Action News Jax Daily Headlines Newsletter] Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
