Housing Wire

OCTOBER 13, 2022

Unlike the title industry’s cybersecurity and wire fraud challenges, which are strictly 21 st century issues, the recent interest and use of attorney opinion letters (AOLs) harkens back to an earlier era of homebuying. One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers.

Title 414

Title Closing costs Title search Closing 414

Housing Wire

SEPTEMBER 9, 2024

“We really think closing costs can be a significant obstacle to refinancing,” Chopra said at an AI and technology conference jointly hosted by ICE Mortgage Technology and the National Housing Conference at the New York Stock Exchange on Monday. At least when it comes to redundancies with refinancings, that is.

Mortgages 476

Mortgages Closing costs Title Technology 476

Housing Wire

NOVEMBER 30, 2022

The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”. Last summer, Voxtur bought mortgage servicing rights trading platform Blue Water Financial Technologies.

Industrial 370

Industrial Title Lending Technology 370

Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. Loan must close to be eligible for reimbursement of credit toward closing costs at closing.

Closing costs 434

Closing costs Short sale Technology New Construction 434

Housing Wire

MAY 23, 2022

HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. These digital solutions, especially those offered by ServiceLink, work just as well in the home equity title/close process.

Equity 397

Equity Title Technology Loans 397

Housing Wire

FEBRUARY 5, 2021

HW Media CEO Clayton Collins and Scott Happ, president of Secondary Marketing Technologies at Black Knight, discuss Black Knight’s acquisition of Optimal Blue and what the industry can expect from the company’s new Secondary Marketing Technologies division. How lenders will benefit from Black Knight’s acquisition of Optimal Blue.

Loan Officer 448

Loan Officer Loans Closing costs Title 448

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

Marketing 397

Marketing Title Technology Closing costs 397

Housing Wire

JUNE 11, 2021

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. What’s the difference between a home inspection and an appraisal?

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Inspection Closing Closing costs Title search 459

Housing Wire

APRIL 18, 2023

However, it still appears that lenders are focusing their technology investments on the point of sale. A 2020 ICE Mortgage Technology survey confirmed this, reporting that 58% of borrowers were affected in their decision making by the presence (or lack thereof) of an online application. This comes as no surprise.

Mortgages 370

Mortgages Technology Closing costs Title 370

Housing Wire

NOVEMBER 8, 2022

The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform. LodeStar Discovery provides access to title and closing fees across the U.S.

Closing costs 370

Closing costs Title Lending Loans 370

Housing Wire

SEPTEMBER 16, 2020

as a $400,000 loan including cash out, they get a… quarter of a point, or $1000 credit toward their closing costs. MI: If it takes 60 days to close, they’re going to end up losing clients…Having certainty, having ability to close your loans, that’s why we’re so large.

Mortgages 488

Mortgages Marketing Title Loans 488

Housing Wire

MAY 14, 2024

We first used the word “junk fees” two years ago in a letter to the CFPB to characterize the click fees that ICE Technology Partners routinely charges our lender members (and ultimately the borrower) – just to access the data from the same vendors our lenders retain! While some criticized this announcement, CHLA applauded it.

FHA loan 437

FHA loan Loans Title Banks 437

Housing Wire

JUNE 30, 2021

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. The closing data company also utilized CoreLogic’s home price data to release its first national refinance closing cost report in 2021, so there’s quite a bit of familiarity between the two firms.

Closing 397

Closing Closing costs Investor Title 397

Inman

JULY 25, 2024

Republican attorneys general in 14 states urge Fannie Mae and Freddie Mac's federal regulator to kill a pilot program that allows some borrowers to refi without obtaining title insurance.

Title 183

Title Closing costs Land Closing 183

Housing Wire

DECEMBER 12, 2024

Editor in Chief Sarah Wheeler sat down with Jeff Bell, president of both UpWell Mortgage and software company Uplist , to talk about how he thinks about technology, and the good news that the industry is turning a corner after two rough years. Sarah Wheeler: How does being an originator inform how you think about technology?

Loan Officer 370

Loan Officer Loans Technology Mortgages 370

RIS Media

MAY 9, 2022

The national average closing costs for a single-family property refinance in 2021, excluding any type of recordation or other specialty tax, was $2,375, according to CoreLogic’s ClosingCorp second annual Refinance Closing Cost report for 2021 released last week.

Closing costs 98

Closing costs Closing Loans Title 98

Real Trends

MARCH 9, 2022

As we approach the beginning of home-buying season, with many buyers deciding on the purchase of their largest investment yet, title insurance is essential, giving homebuyers peace of mind and confidence that their property rights are protected. Why title insurance? The COVID-19 pandemic fundamentally changed the way we view our homes.

Title 109

Title Title search Land Closing 109

Housing Wire

FEBRUARY 22, 2024

SW: Looking at the mortgage space, what are some of the challenges when it comes to technology? And it seems like with technology , even when times are good, a lot of companies aren’t interested because there’s so much money to be made. But a lot of these trusted systems run on distributed ledger technology.

Technology 345

Technology Banks Mortgages As-is 345

Realty Biz

JUNE 4, 2021

Spruce was founded in 2016 and has developed a real estate transaction platform that helps mortgage lenders, real estate investors, iBuyers and other PropTech firms manage closing and title processes. The post Title insurance startup Spruce bags $60M in Series C funding round appeared first on RealtyBizNews: Real Estate News.

Title 64

Title Technology Investor Closing costs 64

McKissock

AUGUST 24, 2022

There is probably some app or bit of technology that can resolve it all together—or at least make it easier to manage. When you are a busy agent who is strapped for time and maybe feeling a little overwhelmed, technology can simplify your life and help you be more productive. Imagine a problem you have in life.

Technology 58

Technology Agents Closing costs Title 58

HomeLight

MAY 24, 2022

Michael Simpkins , a real estate agent in Florida who’s worked with 69% more single-family homes than the average agent in Apollo Beach , thinks that the advantage to paying cash over taking out a mortgage to buy a home is that you’ll save on closing costs. With a cash sale, you can skip a few steps in the typical closing process.

Purchase and sale agreement 111

Purchase and sale agreement Closing Title search Title 111

Realty Biz

OCTOBER 25, 2021

Endpoint sells a mobile-backed platform that relies on artificial intelligence-powered smarts to streamline document submission and handling and speed up the time it takes to close on a home sale. With that, it frees up title and escrow professionals to handle exceptions and take care of their customers.

Closing 93

Closing Title Development Closing costs 93

HomeLight

OCTOBER 29, 2021

How long does the house closing process take? The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. In January 2021, the average time to close was 58 days. A typical house closing process follows these steps.

Closing 111

Closing Inspection Title Due diligence 111

HomeLight

APRIL 15, 2022

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 109

Title House Flipping Title search Sales 109

Realtor.com

MARCH 12, 2021

Consider how many months it would take for you to recoup the costs of closing on a refi, along with how long you’ll be staying at this home. If you can recoup closing costs within two years and plan to stay in your house for longer, the savings on interest means the math will likely work out in your favor.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

HomeLight

JANUARY 3, 2022

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. Title search. Closing costs. Closing costs: $7,720 (2% of sale price).

Agents 105

Agents Title Inspection Title search 105

HomeLight

AUGUST 31, 2021

As a rising number of companies provide cash offers for homes and improve experiences for sellers with advanced technology, the idea that you don’t have to wait months to list and close on your house appeals to many stressed-out sellers. Plus, you’ll save money on things like commissions, repairs, and closing costs.”.

Proof of funds 144

Proof of funds Investor Due diligence Title 144

HomeLight

AUGUST 12, 2022

Closing costs: Sellers pay no closing costs; We Buy Houses ® covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Closing costs: Sellers pay no closing costs; We Buy Ugly Houses covers them. Individual investor fees may vary.

Closing costs 98

Closing costs Purchase and sale agreement Closing Staging 98

HomeLight

JULY 28, 2022

Step four is closing with a local attorney. Closing costs: Sellers pay no closing costs; Birmingham Homebuyers LLC covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Finally, the transaction closes with a local title company.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Title 98

HomeLight

AUGUST 10, 2022

With 15 years in the business, Diamond Equity Investments say they’ll buy houses being sold for any reason such as bankruptcy or foreclosure, in any condition — even fire damage — and that have baggage like large liens, title issues, or low equity. Closing costs: Sellers pay no closing costs; Diamond Equity Investments covers them.

Closing costs 97

Closing costs Purchase and sale agreement Closing Staging 97

HomeLight

FEBRUARY 17, 2022

Closing costs: We Buy Ugly Houses covers most, if not all closing costs. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Closing costs: You pay no closing costs, Express Homebuyers covers them. Our advice?

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

FEBRUARY 28, 2022

Just request a fair cash offer, choose your closing date, and walk away. Closing costs: You pay no closing costs; Sell Quick California covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Individual investor fees may vary.

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

SEPTEMBER 10, 2022

Closing costs that add up – such as HOA fees, property and transfer taxes, title insurance. Cost of mortgage interest – a strategy to help make financing more affordable for buyers. Moving costs you may not have planned for – truck, supplies, pizza for your friends. Mortgage payoff (varies).

Closing costs 111

Closing costs Agents Seller concession Closing 111

HomeLight

FEBRUARY 28, 2022

The company provides quick offers, flexible closing dates, and $10,000 in earnest money to show that it is serious when buying real estate. Closing costs: The Buy-Out Company covers a seller’s closing costs , but you are still responsible for any prorated property taxes owed. out of 5 as well as a 4.73

Closing costs 98

Closing costs Closing Sales Staging 98

HomeLight

JANUARY 10, 2023

Closing costs: You pay no closing costs; FL Cash Home Buyers covers them. Closing costs : No prep costs, no agent commissions, and no fees charged by HomeLight. Closing costs: Freedom Cash Home Buyers covers closing costs with exception of property taxes. out of 5 stars.

Closing costs 98

Closing costs Purchase and sale agreement Closing Sales 98

HomeLight

JULY 28, 2022

Closing costs: Sellers pay no closing costs; We Buy Houses in Connecticut covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Closing costs: Sellers pay no closing costs; Valley Residential Group covers them.

Closing costs 104

Closing costs Purchase and sale agreement Residential Closing 104

HomeLight

AUGUST 10, 2022

After one showing, sellers get a no-obligation offer and can choose their closing date. Closing costs: According to the company website, Better House Buyers takes care of closing costs. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. out of 5-star rating.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Inspection 97