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.

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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.

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.

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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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.

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.

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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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.

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.

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.

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.

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.

Understanding the Closing Costs Associated With a New Home Purchase

RIS Media

Items to Be Paid at Close of Escrow. – Closing/escrow/settlement fee, title insurance, notary fee, recording fee, pest inspection, home inspection, home warranty. For more information on closing costs, loans and refinancing, visit REeBroker Group Loans.

Fannie alters 2021 forecast due to housing market shortage

Housing Wire

A full month of sub-3% mortgage rates , ongoing housing market supply constraints, and a 300% increase in lumber prices over the past 15 months has prompted Fannie Mae ‘s Economic and Strategic Group to revise several of its 2021 forecasts. That could boost the housing market.

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.

Lanco Title joins Northwest Title family of companies

Housing Wire

Lanco Title, owned by Jon Clark, was founded in 1979, servicing the southeastern and central Ohio markets. Knight Barry Title acquired its 14th and 15th Florida-based firms — Closing Boutique and Home Title America — earlier this month.

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These were March’s hottest housing markets

Housing Wire

In modern history, the housing market has never seen a month like March. Waiting for the market to cool could take many months, and at that point we may have missed out on the opportunity to benefit from these super-low mortgage rates and price gains in the year ahead.”.

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!

Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market.

Compass stock closes at $20.15 per share on first day on the market

Inman

The brokerage saw its stock pop as high as $22 before closing at $20.15, an 11.9 Brokerage Select compass compass ipo exp eXp World Holding exp world holdings IPOs realogy robert reffkin stock market stock market changes wall street Zillow

Closing Time: How Long Does it Take to Close on a House

Maximum Exposure Real Estate

How Long Will It Take to Close Once an Offer is Accepted? Are you wondering how long it takes to close on a house? The post Closing Time: How Long Does it Take to Close on a House appeared first on Massachusetts Real Estate Exposure.

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

Product Demo: Get every listing to closing quickly with Curbio

Inman

In the above product demo from Connect Now, Olivia Mariani shows you how thousands of agents use Curbio's renovation services get their listings ready for market or move-in. Sponsored Curbio Product Demo: Get every listing to closing quickly with Curbio

Could the great refi boom finally be over?

Housing Wire

With mortgage rates making their ascension , many late-to-the-game homeowners hopped on the chance to refinance their home loans and pushed refi volume to 68% of all closed loans in February, according to the latest originations report from ICE Mortgage Technology.

Here’s how to fix the housing market inventory crisis

Housing Wire

housing market is in the midst of an inventory crisis. At the same time, home sales have soared close to record highs , suggesting the housing market suffers exclusively from a supply (and not demand) problem. housing market desperately needs. The U.S.

BoomTown acquires Brokermint to create a full ‘lead-to-close solution’

Inman

Industry News Select Technology back-end software boomtown BrokerMint Chime crm end-to-end transaction grier allen integrations lead-to-close real estate management platform marketing platforms sisu Strategic partnerships technology

CLOSED! SPACIOUS KAHNEETA RANCH

The Living Room

This was a serendipitous closing — we found the perfect home in unexpected circumstances! They offered to sell my clients their home without putting it on the market which took out a lot of the anxiety of the current multiple offer situation in the market. The post CLOSED!

Millions will enter housing market in 2021: Zillow

Housing Wire

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich.

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.”.

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.

Regardless of price, Austin homes still flying off the market

Housing Wire

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Homes are staying on the market an average of 24 days, Redfin reported. The jumbo market for brokers is back in a huge way.

How Pueblo, Colorado became a hot housing market

Housing Wire

One example is Colorado’s housing market, which has seen the effects of an insanely competitive market combined with low inventory push buyers into secondary cities – and sometimes, beyond.

What Are “Reasonable” Expectations For Final Closing?

Toronto Realty Blog

How did you handle the closing? When it comes to the closing of a house or condo, every seller is different. How a seller handles a closing depends, in part, on how they are contracted to do so. The sale closed as scheduled, and I never heard from this agent again.

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.

These are the most competitive housing markets in the U.S.

Housing Wire

In the most competitive housing markets in the country, virtually every buyer has immaculate credit, a few hundred thousand dollars – or more – for a downpayment and knows what their mortgage options are. In the nearby San Francisco housing market, where the average home sells for $1.4

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.

How Long it Takes to Close on a House

Realty Biz

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you.

How appraisers value homes in a hot housing market

Housing Wire

As anyone involved in the residential real-estate market knows, bidding wars – and contract prices exceeding the list price – are the norm today in many markets around the nation. The post How appraisers value homes in a hot housing market appeared first on HousingWire.