June 2025

A Busy Spring Wraps up with Covius’ Acquisition of Title365

This month has been compelling and busy at Covius. Earlier this week we announced that Covius has signed a definitive agreement to acquire Title365 from Blend. Title365 is a national title insurance and settlement services provider licensed in 43 states, serving a number of blue-chip clients, including industry-leading lenders, servicers, capital market participants and home equity originators.

This acquisition expands Covius’ presence in the origination and home equity title space, complements our existing default title business and aligns with our long-held strategy of delivering a full range of tech-enabled products and services across the origination, servicing and capital market sectors.

Also this week, our RealtyBid solution was recognized by PROGRESS in Lending for its recent FoxyAI integration, a major innovation in real estate valuation that enhances transparency, efficiency and confidence for REO and default servicing teams, investors and asset managers.

I hope you’ll read on below for more commentary regarding May’s Houlihan Lokey and MBA Secondary & Capital Markets Conferences and a recently published perspective on the MSR Market from Danny Byrnes in NTC’s Coffee Talk. It’s been terrific to reconnect with clients and meet new ones and if we haven’t seen you recently we hope to soon.

Pete Pannes
Chief Business Officer

Covius is Acquiring Title365

Covius is acquiring Title365 from Blend. Regarding the acquisition, Rob Clements, Chairman and CEO of Covius, said: “Covius has long been a market leader in providing a broad set of services to the mortgage industry. Title365 will further expand and scale Covius’ presence in the origination title space and complement our strength in loss mitigation and default title. This acquisition aligns with our strategy of delivering a full range of tech-enabled products and services across the origination, servicing and capital market sectors.”

Takeaways from MBA Secondary and Other Recent Conferences

May is always a busy month for conferences and this year seemed even busier. In the course of one week at the end of May, Covius Chief Business Officer Pete Pannes participated as a speaker at the Houlihan Lokey Global Conference and then, along with Clayton and NTC colleagues, attended the MBA Secondary in NYC. Read his takeaways from these recent conferences in the latest Clayton Clarity blog.

What’s Driving the MSR Market & How Covius is Helping Address the Deal Workflow

Last year, the MSR market saw nearly $888 billion in agency MSR transfers, representing a slight decline of 4.3% year-over-year but still ranking as the fourth highest annual volume since 2015. In his latest blog, Danny Byrnes dives into what’s driving the market and some of the pain points and risks that can create cost and compliance issues for both buyers and sellers in the MSR market.

RealtyBid Earns PROGRESS in Lending Connections Award

PROGRESS in Lending has recognized RealtyBid’s integration with FoxyAI with a Connections award. The integration with FoxyAI enables RealtyBid to provide users with advanced condition-adjusted property valuations and ROI estimates on improvements. This innovative collaboration is reshaping how the industry evaluates and transacts on real estate assets. By merging RealtyBid’s robust auction infrastructure with FoxyAI’s AI solutions, the partnership is ultimately creating a better customer experience and enhanced customer economics through better decision making.

The Lender’s Playbook Podcast with Service 1st

Dante Petrella with our Service 1st solution recently sat down with American Lending Conference CEO Matt Rosen for an episode of The Lender’s Playbook podcast. Petrella and Rosen discussed the state of the valuation industry, as well as details about Service 1st’s full range of valuation services that cover both residential and commercial properties – including a new commercial hybrid AVM product.

Clayton is Proud to Support the Fisher House Foundation

Clayton was proud to support this year’s Fisher House Foundation Golf Classic, which brought golfers and supporters together at the Golf Club at Lansdowne in Virginia to support military and veteran families. In its 22nd year, the Fisher House Golf Classic is the major annual fundraising event for Fisher House Foundation, raising more than $14 million to support military and veteran families, with $450,000 raised this year alone. In fact, in 2025, the Foundation will open their 100th Fisher House, which provides military families housing close to a loved one in a hospital.

Clayton was excited to sponsor this event and to have our colleague/veteran foursomes win first and second place!