Real Estate News

NOVEMBER 28, 2023

Fidelity National Financial, the nation’s largest title company, coming back “office by office” as real estate agents and loan officers find low-tech solutions.

Title 268

Title Closing Agents Loan Officer 268

Housing Wire

MARCH 8, 2024

Despite the protests of the title insurance industry, Fitch Ratings does not believe the lender title insurance waiver pilot program for certain refinance transactions announced by the Federal Housing Finance Agency (FHFA) on Thursday will have an impact on title insurer ratings.

Title 363

Title Industrial Land Closing costs 363

Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Title insurance is a comprehensively regulated product.

Title 464

Title Title search Closing costs Closing 464

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Title 506

Title Title search Due diligence Land 506

Housing Wire

FEBRUARY 22, 2024

Fintech FundingShield will provide comprehensive title fraud solutions via an advanced programming interface (API) integration to CoreLogic ‘s digital mortgage platform. The partnership comes amid wire and title fraud risk reaching an all-time high in fourth-quarter 2023. In Q4 2023, problematic loans had an average of 2.2

Title 316

Title Loans Mortgages Technology 316

Housing Wire

AUGUST 22, 2023

That is why it is critical that the title insurance industry — alongside our industry partners — has made it a priority to help more Americans benefit from homeownership by making the process more affordable and accessible. Fees add up in transaction While the cost of title insurance is less than.5%

Title 366

Title Land Industrial Loans 366

Housing Wire

AUGUST 14, 2023

The American Land Title Association (ALTA) is celebrating a huge win in its ongoing war against title insurance alternatives. News of the rumored pilot program came in March, roughly a year after Fannie Mae first announced that it would be accepting attorney opinion letters (AOLs) in lieu of title insurance in limited circumstances.

Title 354

Title Closing costs Finance Land 354

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. About two weeks later, “Big Four” title firm Fidelity National Financial was hit with a ransomware attack in which data belonging to 1.3

Title 395

Title Mortgages Industrial Closing 395

Housing Wire

APRIL 11, 2022

In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. If a lender receives an AOL in lieu of a title insurance policy, the lender must report Special Feature Code 155 when delivering the loan.

Title 404

Title Closing costs Loans Closing 404

Housing Wire

MAY 11, 2023

This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience. Loan officers and underwriters can now easily check title information and review critical insights to understand the status of a property and consumer.

Loans 352

Loans Title Title search Loan Officer 352

Housing Wire

OCTOBER 2, 2022

The most impactful may be an alternative to the traditional lender title process, called TRAC. Ishbia said his company has hired attorneys to review title and closing docs, make sure the title is clear and then help facilitate the closing process. Ishbia also announced the roll out of UClose 3.0,

Title 393

Title Loans Closing Technology 393

Housing Wire

DECEMBER 12, 2022

HousingWire recently spoke with Matt Regan, EVP of Transaction Management Systems at Flueid , about the need to redefine “instant title” to focus on adding value to loan evaluation and decision-making rather than just delivering the title commitment faster. A faster title commitment should equal a faster closing, right?

Title 332

Title Mortgages Loans Loan Officer 332

Housing Wire

APRIL 1, 2021

Title reports can be confusing, which is why the process is prone to errors. One mistake can slow down the real estate transaction’s closing and frustrate lenders and borrowers. Radian Settlement Services created Radian Ready to make the title process less of a hassle for lenders. SVP, Title Operations. Jill Caldwell.

Title 310

Title Loans Technology Land 310

Housing Wire

APRIL 2, 2024

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. Steinway, who closed more than $1.5 Steinway also expects NAF’s “expansive” product mix, such as NAF Cash , will help him achieve more production volume in a highly competitive market.

Loan Officer 355

Loan Officer Loans Finance Mortgages 355

Housing Wire

MARCH 9, 2023

The title insurance industry is often bemoaned for being antiquated and making minimal changes, but that has not been the case for the past 12 months. The program would grant certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae and will be rolled out this spring, according to Politico.

Title 393

Title Closing costs Finance Land 393

Housing Wire

SEPTEMBER 14, 2021

Nationwide Title Clearing , one of the country’s largest mortgage document prep companies , is to be acquired by settlement services firm Covius Holdings. Terms of the deal, which is expected to close in the fourth quarter of 2021, were not disclosed. Magazine’s 5000 list this year, sporting a 63% growth rate.

Title 368

Title Due diligence Closing Loans 368

Housing Wire

SEPTEMBER 9, 2020

A partnership between Realogy Title Group and Notarize that has sought to accelerate the adoption of remote online notarizations hit a milestone in the first half of 2020. Notarize has seamlessly integrated multiple components of the closing process and delivered a smooth, convenient solution to make it faster and easier.

Title 331

Title Closing Branding Brokerage 331

Housing Wire

JUNE 1, 2022

According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. This was up from $9,140 per loan in the third quarter as the market transitioned from a rate-term refinancing market to a purchase and cash-out refinancing market.

Closing 377

Closing Title Loans Technology 377

Housing Wire

OCTOBER 20, 2022

on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Voxtur previously announced this year that it had produced an AOL for Fannie Mae loans. The title insurance industry has spoken out forcefully against AOLs.

VA loan 381

VA loan Loans Title Land 381

Housing Wire

APRIL 1, 2021

The title process is complex, time-consuming and subject to errors and security concerns, which can potentially delay a borrower’s closing date. To streamline the process, lenders need a way to reduce friction in the loan origination cycle, while still providing accurate results to clients.

Title 404

Title Loans Closing As-is 404

Housing Wire

APRIL 18, 2022

When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. Protecting homeowners is always at the center of the title insurance industry’s core values: to lead, deliver and protect. Fee disclosure is robust.

Title 362

Title Land Title search Closing 362

Housing Wire

JANUARY 8, 2021

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? Closing costs are the thousands of dollars associated with buying a home.

Closing costs 525

Closing costs Closing Title search Title 525

Housing Wire

MARCH 16, 2021

Real estate technology company Lone Wolf Technologies announced its launch of Digital Title Orders, a digital title solution allowing agents to select their preferred title provider and submit orders directly within a transaction. Lone Wolf officials said they expect to onboard 80% of title companies by the end of 2021.

Title 364

Title Technology Closing Brokerage 364

Housing Wire

JULY 12, 2022

Digital real estate closing platform Qualia announced the release of a version of its Qualia Connect platform for mortgage originators. According to Qualia, this release means that the Connect platform will now be able to integrate directly into the mortgage lender’s loan origination system.

Closing 291

Closing Mortgages Title Loans 291

Housing Wire

DECEMBER 20, 2021

The automated loan document preparation and eMortgage services provider claims the new platform delivers a clear-cut, highly accurate decision telling users exactly how far they can take their closing digitally based on the unique attributes of the loan transaction and the county-level eRecording acceptance.

Closing 410

Closing Loans Investor Title 410

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 303

Title Closing costs Title search Closing 303

Housing Wire

FEBRUARY 1, 2024

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination, Title and Closing Salt Lake City, UT Polly polly.io/ Secondary San Francisco, CA Paradatec paradatec.com/ Servicing, Secondary, Cross Markets and Origination Wilmington, DE Orion Lending orionlending.com/ Loan Origination and Servicing Orange, CA Optimal Blue www2.optimalblue.com/

Mortgages 435

Mortgages Title Loans Closing 435

Housing Wire

APRIL 18, 2023

According to Sawan Tivakaran, SVP, titlegenius Product Owner, “Homebuyers continue to cite the closing process as one of the most stressful events in their lives. Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike.

Closing 297

Closing Title Loan Officer Technology 297

Housing Wire

AUGUST 23, 2022

SingleSource has launched its “Attorney Conclusion of Title” (ACT), a standardized attorney opinion letter. “Lenders and consumers finally have a new option when it comes to title insurance,” Ed Austin, the COO of SingleSource, said in a statement. The product is available nationwide.

Title 354

Title Loans As-is Mortgages 354

Housing Wire

APRIL 14, 2022

Fannie Mae generated some buzz last week when it announced it would be accepting written attorney opinion letters in lieu of a title insurance policy “in limited circumstances.”. In an email, Fannie Mae confirmed that the impetus for this change was that the use of AOLs could potentially reduce title costs for borrowers.

Title 375

Title Loans Land Industrial 375

Housing Wire

AUGUST 5, 2021

Oregon-based WFG National Title Insurance Co. ” Richardson, who holds title producer licenses in Michigan and Indiana, comes to WFG after seven years on Amrock’s legal team. .” ” Richardson, who holds title producer licenses in Michigan and Indiana, comes to WFG after seven years on Amrock’s legal team.

Title 355

Title Closing Loans Agents 355

Housing Wire

JANUARY 6, 2021

Foundation Title & Escrow announced it is expanding its footprint in Alabama through its merger with Paula Title. This is the latest in a series of growth expenditures for Tennessee-based Foundation Title & Escrow. Paulus Title’s two offices in Huntsville will transition to the Foundation Title & Escrow brand.

Title 301

Title Technology Land Branding 301

Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. Services , a title and search support servicer, in March. Services , a title and search support servicer, in March.

Title 402

Title Mortgages Loans Loan Officer 402

Housing Wire

APRIL 13, 2022

Title insurance protects borrowers from financial loss if the lender discovers a defect in the title to the property (for example, a previous mortgage) and demands a borrower to pay back the loan. Perhaps the interesting part regarding conformity in title insurance fees is found in Section 8 of RESPA (12 U.S.C.

Title 322

Title Lending Closing Closing costs 322

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. The post WFG expands title offerings for servicers appeared first on HousingWire.

Title 358

Title Short sale Lending Loans 358

Housing Wire

NOVEMBER 11, 2021

With renewed attention towards the manufactured housing space, the FHA moved this week to provide updated guidance to its Title I loan program, making it easier to understand and use for lenders. The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.).

Loans 441

Loans Title Finance Lending 441

Housing Wire

MARCH 1, 2022

Many lenders are familiar with digital closings (eClosings), but they might not know just how valuable they can be to their business. In a recent study , Marketwise and Notarize found that digital closings shorten the time it takes to close, reduce errors and increase ROI — all while improving customer experience.

Closing 350

Closing Loans Title Technology 350