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.

Are you overpromising real estate closing times?

Housing Wire

For the past two weeks, HousingWire took a deep dive into the effects an accelerated market can have on appraisal turn times and the delta between appraisal ratings and market forecasts. You can’t say to a them, ‘Hey, we can close faster pick our offer,'” Canale said.

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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.

Title 180

Rocket Mortgage performs first eNote close on Ginnie Mae mortgage

Housing Wire

In December, Rocket Mortgage became the first lender to use eNotes in closing a Ginnie Mae -backed loan as part of a pilot program. Now, it says the market is set to see widespread eClosings of Ginnie Mae loans by the end of this year. It is also testing the process post-closing.

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

Housing Wire

The company just raised $60 million in a Series C funding as the digital mortgage space bursts with activity in a booming housing market. million digital mortgage closings this year, more than double its volume from 2019.

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

Title 196

Bressi-Close

BubbleInfo

The post Bressi-Close appeared first on bubbleinfo.com. Jim's Take on the Market Why You Should List With JimSpeaking of the old Carlsbad Raceway, our new listing is about a block away!

Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

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. Additional closing costs may include any seller concessions, attorney fees, and the buyer’s agent’s commission.

Speed up the closing process with industry-leading solutions

Housing Wire

Lenders have seen it all this year: high volumes, volatility, market uncertainty… the list goes on and on. Amid evolving market conditions, today’s mortgage lenders continue to seek new and innovative ways to leverage advanced automation—the great accelerator.

Remote online notarization is the proper path forward for digital closings

Housing Wire

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. Much like efforts to achieve full self-driving vehicles, the road to achieve full digital closings has been bumpy. In Japan, the word for “improvement” is kaizen.

Closing Stories – Liz & Noah

The Living Room

As a wood worker, Noah (who made me the most beautiful closing gift!) This was hard to find in the Portland market, so we set this as the number one priority for their search in Vancouver. The post Closing Stories – Liz & Noah appeared first on Living Room Realty.

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.

Closed! Lovely Milwaukie Ranchalow

The Living Room

Our newest closing is a special one. Listing Details:Rare 1 level Milwaukie/Oak Grove hone-new to market! There are new homes hitting the market every day and I’d love to help you find, or sell, yours! The post Closed!

17 Home Closing Delays and How You Can Avoid Them

HomeLight

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. How it can delay closing.

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

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

RIS Media

The blow essentially knocked the housing market to the canvas. “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. Bold Moves Create Modern Advantages for the RE/MAX® Network.

RedfinNow launches in Phoenix housing market

Housing Wire

Phoenix is the first market RedfinNow has launched in 2021, following the launch of San Francisco and Seattle early last month. RedfinNow is entering an already crowded market, joining the likes of Zillow , Opendoor and Keller Offers as well as bridge solutions like Knock Home Swap.

Homes in Boise, Idaho are “flying off the market”

Housing Wire

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 Especially if a home has acreage, it will “fly off the market.”.

Everything You Need to Know About Closing Costs

Redfin

Even as you dream about color schemes, furniture placement, and what the ideal layout of your new home will be like, you’re probably also keeping a close eye on interest rates and what your future mortgage payment will be. What are closing costs? . How do I estimate closing costs? .

Why ‘Coaching, Not Closing’ Is Key to Our Personal Success

RIS Media

I have spoken often about the phrase “coach, don’t close,” and for those who haven’t heard me say that before, I want to clarify what it really means. Closing vs. Coaching. Closing is an old approach to sales. “Let me close that deal.”

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.

JetClosing expands to Austin housing market

Housing Wire

The cloud-based platform, headquartered in Seattle, used for closing on a home in-person or remotely, has seen an increase in use in 2020 with the demand for non-contact closings skyrocketing. The post JetClosing expands to Austin housing market appeared first on HousingWire.

First American notches $7.1B in 2020 revenue

Housing Wire

The company closed over one million transactions while most of our people were working from home. Direct premiums and escrow fees were up 24% compared with the fourth quarter of 2019, driven by a 32% increase in the number of direct title orders closed. Closing closings Dennis J.

Act Now: Newsmaker Nominations Close Oct. 17

RIS Media

The post Act Now: Newsmaker Nominations Close Oct. RISMedia will be accepting nominations for its 2021 Real Estate Newsmakers until 11:59 p.m. ET Oct. 15, 2020.

10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

Not only will you need to be packing, cleaning, and getting the house ready for your buyer, there’s also a lot of waiting and hoping that all of the moving pieces fall into place and your home sale closes on time, if you make it to closing at all. Logistics The Closing

5 tips for buying a home in a seller’s housing market

Housing Wire

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Are you hoping to buy a home in 2021’s hot housing market ?

Deephaven Mortgage re-enters non-QM market

Housing Wire

Although this issuance is much smaller than the typical balance from Deephaven (about $400 million per MBS in 2019 and beginning of 2020), this officially marks its return to the market. In fact, overnight, non-QM disappeared from the market.

COVID couldn’t stop the U.S. housing market in 2020

Housing Wire

This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% The COVID crisis of 2020 was responsible for a lot of abnormal metrics in the housing market.

Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. For example, let’s say the market crashes, and your 401(k) loses a huge amount of value overnight.

Airbnb more than doubles in market debut

Housing Wire

Airbnb shares more than doubled in its public debut on Thursday, per the Wall Street Journal, after opening trading at $146 on the Nasdaq Stock Market – higher than its initial-public-offering price of $68 a share.

Fannie Mae survey confirms: It’s a seller’s market

Housing Wire

On the flip side, the percentage of people who believe it is a good time to sell increased 4% last month to 45% as July reports reflected a seller’s market. The post Fannie Mae survey confirms: It’s a seller’s market appeared first on HousingWire.

Market Mayhem!

Toronto Realty Blog

” Think back to February of 2020 and just how crazy the market, specifically downtown condos , was and were at that time. March 9th, 2020, I wrote this blog: “February TREB Stats: Chaos Is A Ladder” The market did feel, by definition, chaotic. The post Market Mayhem!

What Experts Are Saying about the 2021 Job Market

Keeping Current Matters

Economist of Capital Economics, agreed: “The 140,000 drop in non-farm payrolls was entirely due to a massive plunge in leisure and hospitality employment, as bars and restaurants across the country have been forced to close in response to the surge in coronavirus infections.

Southeastern housing markets have homes “singing out the door”

Housing Wire

Vacation areas and luxury housing markets aren’t the only ones benefitting from a wave of pandemic buyers : southeastern locales are also filling up. Homes are “singing out the door about as fast as they come on the market,” in Little Rock, Arkansas, according to Melissa Bond, a Realtor at United Real Estate – Central Arkansas. The higher end of the Little Rock market is also considerably stronger, which Bond said includes homes priced at $500,000 and above. “I

The housing market faced uncertainty in March, but now ‘it’s a circus’

Housing Wire

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents.