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.

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 can use closing technology as a bargaining chip

Housing Wire

The mortgage industry is still seeing record-breaking numbers, but those numbers have started to wane and lenders looking to succeed in a slow market need to begin preparations today. That’s because shifts in trends don’t result in an overnight change in market maneuvers.

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.

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.

Guaranteed Rate closes Stearns wholesale channel

Housing Wire

Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.

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,

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.

Zillow’s purchase of ShowingTime closes

Housing Wire

However, the Federal Trade Commission delayed the deal’s close by extending the review period. The post Zillow’s purchase of ShowingTime closes appeared first on HousingWire.

CoreLogic acquires closing solutions firm ClosingCorp

Housing Wire

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. Previously, ClosingCorp integrated CoreLogic’s Property Tax Estimator into its SmartFees service and closing platforms in 2018.

With Nexus Closing from SimpleNexus, lenders can make the closing experience as digital as they want

Housing Wire

As homebuyers complete more of the origination process digitally, from asset verification to disclosures, they expect a similarly modern closing ceremony. Nexus Closing from SimpleNexus enables lenders to deliver mortgages that are digital from application to closing.

What’s holding the industry back from broad-scale digital closing adoption?

Housing Wire

For well over a decade, the industry has made steady progress in digitizing mortgage closings. As a result, closings today fall on a spectrum of digitization, with benefits that increase with each component that is digitized and each document that is electronically signed (eSigned).

How DocMagic is helping accelerate digital closings

Housing Wire

Powered by its proprietary Audit Engine, DocMagic’s Document Preparation solution optimizes every aspect of the document process, from initial disclosures all the way through closing. The post How DocMagic is helping accelerate digital closings appeared first on HousingWire.

2021 Tech Trendsetters nominations are closing soon!

Housing Wire

Honorees include product and technology leaders from across the industry who have played an integral role in bringing innovative solutions to market for housing industry clients. The post 2021 Tech Trendsetters nominations are closing soon!

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

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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.

The rapid adoption of digital closings during COVID-19 shows what’s possible in the mortgage industry

Housing Wire

We sat down with Nancy Alley, vice president of strategic planning at Simplifile and one of HousingWire’s 2020 Women of Influence, to talk about the rapid changes in the closing process as a result of the pandemic. Yet, adoption by closing and post-closing operations lagged considerably.

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.

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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What does it really mean to digitize the closing process?

Housing Wire

ICE Mortgage Technology, a global provider of data, technology and market infrastructure, recently announced that Encompass eClose, its end-to-end eClose solution, is expanding its hybrid capabilities to now include full eNote and eVault functionality.

How Long Does It Take to Close on a House From Start to Finish?

HomeLight

How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. In closing….

The purchase market is an opportunity for the title industry

Housing Wire

Prognosticators are already suggesting the mortgage market has recently “peaked.” If the past two decades are any indication, the impending purchase-dominated market will bring discussion of softening margins and higher expenses. How well you market yourself.

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Will the housing market continue its hot streak in 2022?

Housing Wire

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down?

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

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. Closing.

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.

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.

Digital closing tech provider Endpoint raises $150M to grow its business

Realty Biz

Digital closing software startup Endpoint Closing Inc. 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.

Renter market picks up in suburbs

Housing Wire

Most of this migration will be toward cities and urban landscapes, where even the suburbs will cluster most closely to urban areas.”. The post Renter market picks up in suburbs appeared first on HousingWire.

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.

Curbio Raises $65M to Expand National Fix First, Pay-at-Closing Home Improvement Solution

RIS Media

a pay-at-closing home improvement solution for real estate agents, brokerages and home sellers, has announced a $65M Series B funding round to support continued growth in the untapped market for fix first, pay-at-closing home improvement. Curbio, Inc.,

SitusAMC creating safety net for the private-label market

Housing Wire

SitusAMC subsidiary Securent is expanding its reach into the private-label market with plans to soon introduce a loan-defect insurance product for residential mortgage-backed securities (RMBS) transactions, according to executives from both companies. It has been a hot market,” Vedder said. “I’m

Originators gear up for the purchase market

Housing Wire

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. Marina Walsh, vice president of industry analysis at the MBA, said that as production volume slumps and the market shifts toward fewer re?nances

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The improving job market is all to the positive. Will we really move into a purchase market next year?

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.

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.

Fannie Mae, and the housing market’s inflation problem

Housing Wire

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.