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Flueid integrates with Encompass to fuel loan originations

Housing Wire

Flueid , a leading technology company specializing in real estate transactions, announced on Thursday the integration of its patented Flueid Decision platform with Encompass by ICE Mortgage Technology. The report includes Flueid ‘Pro Tips’ that explain alerts and provide guidance on curative items for title.

Loans 363
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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Should the appraisal come in lower than the contract price, the closing process may be impacted.

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Why lenders should be asking for a title check at loan application

Housing Wire

Peter Richter: The concept of “instant title” means delivering a title commitment “instantly” upon ordering title insurance. Unfortunately, that “instant” title commitment itself does not inherently equate to a faster close, as my colleague Matt Regan outlined in his recent article.

Title 335
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How Long Does It Take to Close on a House From Start to Finish?

HomeLight

How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Conventional loan.

Closing 111
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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

Title 84
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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. Sellers then pick a move date, and can often close in as little as two weeks. The closing from start to finish was three and a half weeks, which is great for me. All of this takes time.

Agents 94
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Can AI launch the title industry into the future in 2024?

Housing Wire

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I The title industry has worked hard over the last few years to shed that reputation.

Title 420