DocMagic launches new closing solution

Housing Wire

The Guide to Accelerating Closings in 2022. Each of eDecision’s core capabilities provides a check on whether or not each part of the closing process can be completed digitally in a given jurisdiction. The post DocMagic launches new closing solution appeared first on HousingWire.

Rocket launches loyalty program, gives discount for closing costs

Housing Wire

In the first phase of the program, customers can use points to get discounts on their closing costs when purchase a home through the subsidiary Rocket Mortgage. To start, customers will receive a 7,500-point welcome bonus on their first reward activity – or $75 in savings on closing costs.


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Digital closings have spiked 228% since 2019

Housing Wire

The number of title and settlement companies offering digital closings has increased 228% since 2019, as more of the industry moves online in the wake of the COVID-19 pandemic. Now, in 2021, 46% offer digital closings, according to Diane Tomb, ALTA chief executive officer.

Rocket promises brokers 15-day loan closings

Housing Wire

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. The post Rocket promises brokers 15-day loan closings appeared first on HousingWire.

The Only Business Plan You'll Ever Need in Real Estate

Overthinking your business plan? The old and tired process of building a 12-month business plan simply doesn’t make sense for the modern real estate business. Learn how to build one that will help you keep on track, stay nimble, and close more deals in 2022.

MISMO searches for participants for closing initiative

Housing Wire

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets.

The future of mortgage closings

Housing Wire

A painstaking, uncoordinated movement to fully adopt remote online notarizations nationwide and complete end-to-end digital escrow mortgage closings is gaining even more traction as the real estate industry launches into a new decade in 2021. Closing HWplus

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.

Opinion: how digital closings can help with housing affordability

Housing Wire

One avenue to reduce cost and streamline the closing process is to offer digital closings. Full e-closed loans also reduce funding time during post-closing to the secondary market and results in an improved, measurable overall return on investment, according to the study.

How to avoid home closing delays in 2022

Housing Wire

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays.

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Lenders can use closing technology as a bargaining chip

Housing Wire

Additionally, borrowers have stated that the two most appreciated aspects of an online application process were “a simpler application process (55%) and reduced time to close (53%).” Creating a tech stack geared towards increasing closing efficiency isn’t just about offering eClosings.

Almost half of Q3 transactions had issues leading to wire and title fraud risks at closing

Housing Wire

of transactions had issues leading to wire and title fraud risk at closing and 5% of transactions were not registered or valid in title insurer systems at time of closing. Sponsored Content closings Risk

Are consistently error-free closings within reach for lenders?

Housing Wire

But as lenders scrambled to keep up with demand, closing errors naturally crept in. A prime example, digital mortgage closing solution Snapdocs reports that its digital closing platform reduces closing errors by 80%. A more efficient, profitable closing process.

Oakridge Closed


Our listing on Oakridge closed escrow today at 27% over the list price! We had 18 written offers, and only one of them was cash. There were 17 parties were willing to pay the list price or higher, even with mortgage rates around 7%!

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

ICE, DocMagic team up to offer closing technology

Housing Wire

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. ” In the past year, DocMagic has made headlines in the digital closing space.

Amrock’s new tech allows buyers to close loans from mobile devices

Housing Wire

Amrock , a national provider of title insurance, property valuations and settlement services and a division of Rocket Companies , rolled out technology to electronically close mortgage transactions from a mobile device.

Freddie Mac automates pre-closing income verification

Housing Wire

Freddie Mac will now automatically verify borrower employment 10 days ahead of closing, which it says is more efficient than obtaining that information through oral or written verification. The post Freddie Mac automates pre-closing income verification appeared first on HousingWire.

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.

Closing costs are up, but there’s a catch

Housing Wire

The average closing costs for a single-family home increased 12.3% According to ClosingCorp, the average closing costs nationally came in at $6,837 including taxes and $3,836 excluding taxes. The report also found that refi closing costs increased by 4.87% to $2,398 from the reported 2020 average of $2,287. Bob Jennings, CEO of ClosingCorp, said that closing costs as a percentage of purchase prices actually declined this year to 1.03% from 1,06% in 2020. “So,

Nominations for HW Insiders Close Today!

Housing Wire

The post Nominations for HW Insiders Close Today! For the seventh year, HousingWire is recognizing the operational all-stars of housing with the HW Insiders award.

Are digital closings really worth it?

Housing Wire

Many lenders are familiar with digital closings (eClosings), but they might not know just how valuable they can be to their business. Lenders don’t have to offer a full digital close to reap the benefits of eClosings. An eClosing is an online or digital mortgage closing.

Overcoming the challenges still facing digital closings

Housing Wire

Out of sheer necessity when the pandemic hit, RON and other digital closing solutions saw a massive uptick in use. There are some lenders doing it, but most of them haven’t been able to adopt a digital mortgage closing solution.”.

The Closing Exchange provides a wide variety of signing solutions for lenders looking to deliver eClosings

Housing Wire

The Closing Exchange (TCX) partners with its clients to configure solutions to support their workflow at every stage of their digital evolution. The post The Closing Exchange provides a wide variety of signing solutions for lenders looking to deliver eClosings appeared first on HousingWire.

Why 28% of mortgage applicants never close the loan

Housing Wire

Get $75 off your initial membership with coupon code “intro75” The post Why 28% of mortgage applicants never close the loan appeared first on HousingWire. Lonnie Glessner isn’t normally one to turn down business. But with origination volume expected to exceed $3.4

Nominations for the 2022 HousingWire Tech Trendsetters award close tomorrow!

Housing Wire

The post Nominations for the 2022 HousingWire Tech Trendsetters award close tomorrow! In its fourth year, HousingWire’s Tech Trendsetters is honoring the people behind our prestigious TECH100 award.

After $223M loss in Q2, loanDepot closes wholesale channel

Housing Wire

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). loanDepot shares closed at $1.84 per share on Tuesday, dropping 4.66% from the previous closing.

OWNS ETF taps capital markets to close racial-wealth gap

Housing Wire

We can’t close the racial-wealth gap and [expand] homeownership without access.”. The post OWNS ETF taps capital markets to close racial-wealth gap appeared first on HousingWire.

Closing costs: Here’s how much money you really need to buy a house

Housing Wire

Understanding what expenses are required at closing to buy a house will help you budget and save more effectively. In this article, we break down exactly what closing costs are so you’re prepared when you start shopping for a home: What are closing costs?

Creating a more secure closing process for everyone involved

Housing Wire

The post Creating a more secure closing process for everyone involved appeared first on HousingWire. Sponsored Content consumer wire account verification service cwav Digital closing fraud prevention fraud protection FundingShield Ike Suri mortgage wire fraud wire fraud

Time to close on mortgages growing amid soaring volume

Housing Wire

Ellie Mae ’s Origination Insight report for October demonstrates some of the side effects of the historically low mortgage rates we’ve seen in 2020: incredibly high volume and an increase in time-to-close. The number of closed loans increased 7.1%

Closing Costs and Closing Cost Credits Explained

Maximum Exposure Real Estate

How Do Closing Cost Credits Work In real estate, there are specific terms you should understand well. Two such terms are closing costs and closing cost credits. The post Closing Costs and Closing Cost Credits Explained appeared first on Maximum Real Estate Exposure.

2022 Tech100 nominations are closing soon!

Housing Wire

Nominations for the 2022 HousingWire Tech100 Mortgage and Tech100 Real estate are closing today. The Tech100 Mortgage Award recognizes the companies and solutions that are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets.

Multi-closing fraud risk holds steady in 2020

Housing Wire

A new annual report from CoreLogic shows multi-closing fraud risk held steady in 2020 after having decreased the past several years. According to the CoreLogic Multi-Close Alert Program (MCAP), 2020 is projected to have a similar level of findings as was seen in 2019.

Redfin closes $138M deal for mortgage lender

Housing Wire

Bay Equity CEO Brett McGovern also touted the benefits of the acquisition, saying, “Being a part of Redfin will help us meet customers more efficiently, which means we can give Redfin homebuyers competitive rates while delivering a seamless experience from pre-approval to close.”.