Big Four Crushed in Q1 2026

The residential housing market looks frozen, so why are the Big Four title underwriters suddenly reporting explosive profits? In this episode, Crosby and Zina dissect the Q1 2026 earnings reports from Fidelity, First American, Old Republic, and Stewart to uncover the real forces driving the title industry right now, from billion-dollar AI data center deals to the looming refinance wave quietly building beneath the surface. If you think the title business is still tied mainly to homebuyers and residential closings, this conversation will completely change how you see the future of the industry. ​ What you'll learn from this episode Record-breaking earnings vs. a frozen housing market and why the residential side of title still feels stalled The hidden impact of billion-dollar AI data center projects on commercial title fees and underwriter profits A refinance surge is quietly building even before major Federal Reserve rate cuts arrive What the "double cost period" means as title companies pay for both aging legacy systems and new AI infrastructure simultaneously Global tariffs and supply chain pressures are now shaping title industry revenue through commercial construction slowdowns Resources mentioned in this episode Quarterly Results - Fidelity National Financial First American Financial Q1 2026 Earnings Report Old Republic International Q1 2026 Earnings Report Stewart Information Services Q1 2026 earnings beat expectations By Investing.com NVIDIA Microsoft Amazon.com Connect With Us Love what you're hearing? Don't miss an episode! Follow us on our social media channels and stay connected.   Explore more on our website: www.alltechnational.com/podcast Stay updated with our newsletter: www.mochoumil.com Follow Mo on LinkedIn: Mo Choumil Stop waiting on underwriter emails or callbacks—TitleGPT.ai gives you instant, reliable answers to your title questions. Whether it's underwriting, compliance, or tricky closings, the information you need is just a click away. No more delays—work smarter, close faster. Try it now at www.TitleGPT.ai. Closing more deals starts with more appointments. At Alltech National Title, our inside sales team works behind the scenes to fill your pipeline, so you can focus on building relationships and closing business. No more cold calling—just real opportunities. Get started at AlltechNationalTitle.com. Extra hands without extra overhead—that's Safi Virtual. Our trained virtual assistants specialize in the title industry, handling admin work, client communication, and data entry so you can stay focused on closing deals. Scale smarter and work faster at SafiVirtual.com.