Are you overpromising real estate closing times?

Housing Wire

This week, industry experts discuss how to navigate client and referral partner expectations and minimize closing times when factors like these begin to decelerate the buying process. You can’t say to a them, ‘Hey, we can close faster pick our offer,'” Canale said.

Purchase market will highlight closing process problems

Housing Wire

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing.

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Lenders pick up the pace in closing mortgages

Housing Wire

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans.

States Title raises $150M for home closing tech

Housing Wire

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. As a result, State Title was able to patent technology that removed entire chunks of the closing process.

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Fraud risk factors at closing increased almost 90% last quarter

Housing Wire

As housing professionals navigate regulatory changes and accelerated tech adoption, wire and title fraud risk factors in mortgage and real estate closings increased almost 90% in the last quarter.

Notarize and Realogy Title Group see 200% spike in RON closings

Housing Wire

Spurred by the impact of the coronavirus, the partnership closed more than 1,600 RON transactions in the first half of 2020, a more than 200% increase over the 500 RON transactions that they closed in all of 2019, the companies told HousingWire. “We

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Snapdocs raises $60 million to scale up its digital closing business

Housing Wire

million digital mortgage closings this year, more than double its volume from 2019. We’re feeling tremendous growth on the digital closing front which is really, really exciting,” Snapdocs Founder and CEO Aaron King said in a statement.

Margin compression could serve as accelerant toward digital closings

Housing Wire

In 2021, the potential for margin compression could serve as yet another accelerant towards digital mortgage closings as lenders seek to improve capital efficiency and offer a more competitive experience to borrowers.”. Nominations for 2021 Women of Influence close this Friday, April 23.

Don’t Forget to Budget for Closing Costs

Keeping Current Matters

Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia : “ When you close on a home, a number of fees are due.

Finalize the closing disclosure earlier in the process using this collaborative platform

Housing Wire

The CoreLogic Title & Closing Solution offers an enhanced workflow designed to support lenders and vendors in the title and closing process. The Title & Closing Solution syncs order management, secures vendor communication and document transfer, encourages full compliance, and ultimately enhances consumer experience in home ownership. The post Finalize the closing disclosure earlier in the process using this collaborative platform appeared first on HousingWire.

Why other agents are closing more deals than you

Inman

The number one quality of a great agent is their ability to provide exceptional customer service, making an “intangible” service into a “tangible” commodity.

What to look for in a closing disclosure form

Inman

How long has it been since you updated your closing disclosure form? Agent Brokerage Select Service closing closing cost Closing Disclosure form Consumer Financial Protection Bureau marvin stone Prorations purchase contract transaction Transaction terms

The Keys to a Quick Close: 6 Ways to Speed Up Your Client’s Closing

Realty Biz

As a real estate agent, there are few things more frustrating than working with a client who is knee-deep in a closing standstill. Ultimately, closing delays lose you money and keep you from focusing more time and attention on clients ready to move forward with the escrow process.

Qualia integrates RON product into its platform for contactless closings

Housing Wire

Qualia announced Wednesday that it has extended the capabilities of its real estate closing platform with the launch of a remote online notarization product. Its goal is to enable entirely digital, contactless home closings.

Cover Story: Growing, Connecting and Helping Agents Close More Sales

RIS Media

“Our le adership team has experienced market downturns and challenges before, so we knew we wanted to do more for our agents and brokers—not less. And they worked with brokers and agents to relieve some of the financial pressure caused by the market’s pause.

It’s a lawsuit waiting to happen! Avoid these post-closing problems

Inman

So, how can agents prevent them in the first place, and what can they do to avoid litigation? Running into post-closure problems is often burdensome for everyone involved in the transaction. In some cases where it morphs into a lawsuit, it can even be costly.

Understanding the Closing Costs Associated With a New Home Purchase

RIS Media

Items to Be Paid at Close of Escrow. – Closing/escrow/settlement fee, title insurance, notary fee, recording fee, pest inspection, home inspection, home warranty. For more information on closing costs, loans and refinancing, visit REeBroker Group Loans.

What to Expect from the Closing Process

American Lifestyle

The post What to Expect from the Closing Process appeared first on American Lifestyle Magazine.

Virtual notary adoption surges as businesses rush to close transactions remotely

Housing Wire

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans.

From cold to close: How to ensure a seamless closing?

Inman

In this third and final part of the series on digital transactions, we will move past search and showings and onto the signing and closing process.

Lanco Title joins Northwest Title family of companies

Housing Wire

Clark will serve as an appointed agent for Lanco and Northwest Title. Other Lanco agents will move to the Lancaster, Ohio branch of Northwest Title. Knight Barry Title acquired its 14th and 15th Florida-based firms — Closing Boutique and Home Title America — earlier this month.

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In defense of the individual real estate agent

Housing Wire

I saw a social media post recently by our local ‘mega-agent’ entitled: “Breaking News: Individual Real Estate agents added to Endangered Professions List!”. The individual agent is on life support, it exclaims. The individual agent. The mega-agent.

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New program puts Black real estate agents at forefront

Housing Wire

The National Association of Real Estate Brokers has announced the creation of its “Black Real Estate Agent” program to provide financial, educational, and career support for aspiring Black real estate agents.

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Ask Your Agent: 10 Questions for the Closing Process

American Lifestyle

The post Ask Your Agent: 10 Questions for the Closing Process appeared first on American Lifestyle Magazine. Buying & Selling Finance Financial Advice Home Advice Home Buying Home Loan Real Estate Real Estate Agent Refinancing

Compass acquisition could worry some California agents

Housing Wire

Compass announced Monday that it has reached an agreement to buy San Francisco-based real estate transaction platform Glide , a deal that some California real estate agents may feel uneasy about. Compass closed trading Monday at $18 per share, good for a market capitalization of $7 billion.

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How to close any deal

Inman

Connect Now Content Marketing Events Inman Connect Marketing agent education agents conference connect connectnow20 Inman Connect Now inman events plan for 2021 real estate event Virtual Conference

Product Demo: Get every listing to closing quickly with Curbio

Inman

In the above product demo from Connect Now, Olivia Mariani shows you how thousands of agents use Curbio's renovation services get their listings ready for market or move-in. Sponsored Curbio Product Demo: Get every listing to closing quickly with Curbio

Closing the Deal When Recruiting Agents

RIS Media

It is a huge win for you and a pivotal moment in the agent’s career, so it is important to be ready whenever the opportunity is at hand. Two of the keys to closing the deal when recruiting experienced agents are preparedness and urgency. Keep the following instructions in mind when recruiting experienced agents to achieve better results both in reaching agreement and in successfully finalizing their transition. Preparedness and Urgency Are the Keys to Success.

How to Lower Your Closing and Mortgage Costs

Realty Biz

When you are close to applying for a mortgage, ask the lenders that you are considering for a “Loan Estimate” (previously known as a “Good Faith Estimate”). Some Closing Costs You Can Control. Please comment with your ideas to lower closing and mortgage costs.

What Are “Reasonable” Expectations For Final Closing?

Toronto Realty Blog

How did you handle the closing? When it comes to the closing of a house or condo, every seller is different. How a seller handles a closing depends, in part, on how they are contracted to do so. And this is what many buyers and buyer agents don’t understand.

Count the Closing Costs: A Line-By-Line Guide to Closing Costs With A Mortgage

HomeLight

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. 2% closing costs.

12 digital mortgage terms every agent should know

Inman

Agent Mortgage Mortgage & Alternative Financing Month Select Service digital mortgages eClosing electronic closing eNote eRecording escrow eVault homebuying hybrid closing kba MERS MISMO MISMO XML SmartDoc multi-factor authentication remote online notarization RON theme-month-202103

Need a real estate agent? Here’s how to pick the right one

Housing Wire

That’s what real estate agents are here for. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. A real estate agent is a licensed professional who can guide you through the homebuying process.

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Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

If you’re selling For Sale By Owner, you’ll save on the listing agent’s commission. Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Logistics The Closing

Closing Stories – Liz & Noah

The Living Room

I was kindly introduced to Liz and Noah through a fellow Living Room agent when they wanted to expand their search to Vancouver WA. As a wood worker, Noah (who made me the most beautiful closing gift!) My fellow Living Room agent trusted me to refer her clients.

Ask Your Agent: Seller Negotiations

American Lifestyle

The post Ask Your Agent: Seller Negotiations appeared first on American Lifestyle Magazine.

How Long it Takes to Close on a House

Realty Biz

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you.

Get close-up ready: 7 keys to a successful virtual home tour

Inman

Agent Leading in Luxury Sponsored Sponsored Sections Daria Saraf Get close-up ready: 7 keys to a successful virtual home tour luxury Sara Farsani Sotheby's International video tours virtual toursShooting a virtual home tour?

Close the deal by guiding clients and listening to their needs

Inman

During a workshop at Connect Now on Thursday, real estate experts explained how to best guide a client to close and get rid of obstacles that might get in the way.

From cold to close: 3 tips for better digital lead response

Inman

Agent Brokerage Digital Transaction Month Lead Generation Select Service Technology co-browsing Cold to close crm CRM systems digital transactions lead gen lead response marvin stone theme-month-202102 video messaging Videoconferencing