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Opinion: The title industry supports innovation while prioritizing protection

Housing Wire

Many companies are now using AI and machine learning to search traditional and non-traditional property data sources — reducing the time required for a manual title search. Some companies are also using AI to automatically route mortgage payoffs. Strides in technology have also made closings more accessible.

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Home equity lending opportunities remain despite decline in tappable equity

Housing Wire

Utilizing automated valuation models instead of full-blown appraisals or title searches in lieu of title policies makes loan production less expensive and more rapid,” according to the report. But concern is growing over the lower-credit lower-income product, the report notes.

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TitleWave launches Colorado branch

Housing Wire

In a flurry of moves, TitleWave Real Estate Solutions of Jacksonville, Florida has announced a new location in Colorado, two new executive hires, and the launch of its title and search report technology. Jeremy Wohlford will be the company’s new title examiner. And Pennsylvania-based Title Alliance Ltd.

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Opinion: How the title industry protects homeowners

Housing Wire

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies.

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Fueling the home-buying process with certainty

Housing Wire

Another key takeaway – and a constant theme during the pandemic – is how technology liberated consumers and professionals alike. A shift in household economics strained finances, so lower interest rates and cash-outs became attractive. Technology harnesses desperation to fuel the change that drives the consumer experience.

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Title insurers reckon with attorney opinion letters

Housing Wire

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. This is a top priority for ALTA.”.

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

HomeLight

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. Source: Ice Mortgage Technologies , Data for Sept. The buyer will sign the brunt of the paperwork, especially if they are securing a mortgage. Clear title: 15-30 days.

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