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.

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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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.

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.

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.

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.

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 340

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 256

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.

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.

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.

Covius to acquire Nationwide Title Clearing

Housing Wire

Terms of the deal, which is expected to close in the fourth quarter of 2021, were not disclosed. Founded in 1991, Florida-based NTC also does collateral research and property reports; capital markets transactions and file services; and default servicing and title curing.

Title 310

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 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.

Title 377

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.

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.

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.

Storytelling: the key to accelerating your close ratio

Inman

Brokerage Sponsored digital listing presentation listing presentation Storytelling: the key to accelerating your close ratio visual marketing

Knock moves into 50th market, launches closing guarantee

Inman

Knock, a real estate technology company that facilitates a buy-now, sell-later financing model called Home Swap, is officially in Chicago, the company announced, in combination with news that it's now offering a $5,000 on-time closing promise.

Connecticut Home Sellers Can Expect to Pay These Closing Costs

HomeLight

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Some closing costs apply to nearly every home sale.

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.

The mortgage market moves to purchase

Housing Wire

For the first time since December 2019, purchase mortgages represented a higher percentage of closed mortgages than refinances. Refinances represented 48% of closed loans. The average time to close a refi decreased to 48 days from 55 days in May. It had to happen eventually.

How to reduce seller closing costs in Texas?

Agent Drive

The post How to reduce seller closing costs in Texas? Real Estate Marketing reduce seller closing costsSelling a house is not more than a hectic process that you have to complete.

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.

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!

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.

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.”.

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

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.

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.

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.

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

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