Housing Wire

APRIL 17, 2023

Many companies are now using AI and machine learning to search traditional and non-traditional property data sources — reducing the time required for a manual title search. Strides in technology have also made closings more accessible. Some companies are also using AI to automatically route mortgage payoffs.

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Housing Wire

MAY 5, 2021

Title automation company DataTrace has announced an integration with SoftPro , a real estate closing and title software company, which will allow SoftPro users to access over 560 title plants, nationwide tax and recorded property data, and more than 7 billion document images.

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Housing Wire

JUNE 24, 2021

In a flurry of moves, TitleWave Real Estate Solutions of Jacksonville, Florida has announced a new location in Colorado, two new executive hires, and the launch of its title and search report technology. Jeremy Wohlford will be the company’s new title examiner. And Pennsylvania-based Title Alliance Ltd.

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Housing Wire

MAY 21, 2021

Texas-based technology company RamQuest announced its title and closing digital network — called “Closing Market” — has integrated with SearchCONNECT , an affiliate of Investors Title and National Investors Title Insurance Company , which provides search solutions in Florida, Georgia, South Carolina, Tennessee and Virginia.

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Housing Wire

MAY 17, 2023

When Q4 2022 data is broken down by home equity transaction type, home equity line of credits (HELOCs) accounted for 53% percent of originations, while closed-end home equity loans (HELs), also known as HELOANs, made up 47%. But concern is growing over the lower-credit lower-income product, the report notes.

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Housing Wire

OCTOBER 29, 2021

Today, borrowers expect to close fast. A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. HousingWire: How did the title business adapt to unique conditions caused by the pandemic, the growth of the remote workforce and low interest rates?

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Housing Wire

DECEMBER 5, 2022

Of the 421 respondents, 44% closed transactions in the South, 20% in the Midwest, 19% in the West, 15% in the Northeast and 1% in the U.S. Digital closings continue to evolve – What title companies need to know. They are selling, closing, searching, doing exams, and they are feeling overwhelmed and underappreciated.”.

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Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies.

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Housing Wire

APRIL 10, 2023

Peter Richter: The concept of “instant title” means delivering a title commitment “instantly” upon ordering title insurance. Unfortunately, that “instant” title commitment itself does not inherently equate to a faster close, as my colleague Matt Regan outlined in his recent article.

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Housing Wire

MARCH 30, 2021

“Working closely with our clients, we’ve successfully cut down on transaction times and cost, all while increasing much needed predictability and transparency.”. In September, the companies announced a joint project to offer cost-effective title insurance. Spruce raised $19 million in its series A round in 2018.

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Housing Wire

MARCH 4, 2021

With their industry-leading notary panel and technology platform, Signature Closers is the perfect addition to our digital capabilities, advancing our strategic vision of accelerating, securing, and simplifying the title and closing process for our customers,” said Stewart CEO Fred Eppinger. Streamline by combining services.

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Housing Wire

MARCH 15, 2021

Subject to closing conditions, Blend anticipates to finish the deal by the end of the second quarter in 2021, leaving nearly 10% ownership interest to Mr. Cooper upon deal completion. At the time, that transaction closed for just $36 million in cash. and India offices, will join Blend once the acquisition closes.

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Housing Wire

MARCH 31, 2022

However, the actual home buying transaction experience all the way through closing has been essentially untouched even though consumers cite it as one of the most stressful and confusing parts of the homebuying journey. Over the last 20 years, finding a home and applying for a mortgage have become highly digitized.

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Housing Wire

OCTOBER 29, 2020

As part of a larger global company offering a wide range of end-to-end solutions, we provide integrated products and technology far beyond full-service mortgage fulfillment. Our professionals then work within their technology, reducing potential challenges about the technology integration.

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Housing Wire

AUGUST 30, 2021

Not to mention chaos as many buyers who purchased after April 2020 experienced COVID-related delays in closings thanks to office closures, supply issues and more. Another key takeaway – and a constant theme during the pandemic – is how technology liberated consumers and professionals alike. Broadband hammered dialup.

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Housing Wire

APRIL 1, 2021

ServiceLink’s tech-enabled title solution, EXOS Title, combines cutting-edge technology and superior customer service with a nationwide footprint – ultimately getting lenders and their clients to the closing table faster. EXOS Title offers strict adherence to local, state and federal regulatory guidelines.

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Housing Wire

MAY 27, 2021

SoftPro has named title and escrow veteran Gorkem Kuterdem its new chief technology officer, the company announced Thursday. Kuterdem has more than 15 years of experience specific to the title industry, previously serving as senior vice president for strategy at Adeptive Software and former CTO for WFG National Title Insurance Co.

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Housing Wire

MARCH 28, 2024

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing , there are a lot of complex (and honest) answers. But there’s also room for improvement.

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Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for.

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Housing Wire

MARCH 26, 2021

Hoffman was formerly “chief transformation officer” for States Title and president of its affiliate, North American Title Company. There, he oversaw States Title use of predictive analytics and technology on its title and escrow platform. How hybrid title and valuations help increase lending efficiency.

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Housing Wire

NOVEMBER 22, 2023

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing, there are a lot of complex (and honest) answers. There’s an entire industry built upon the “What’s next?”

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Housing Wire

FEBRUARY 28, 2022

Many title agencies, even firms using the latest and greatest production technology, aren’t always getting the maximum benefit from their tools. For example, simple title searches, basic data entry or “stare and compare” processes can all be automated.

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Housing Wire

FEBRUARY 10, 2022

million, due to increased service expenses tied to higher ancillary services revenues, higher outside title search and premium tax expenses on improved title revenues, state sales tax assessments and office consolidation costs. compared to 17.9%

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HomeLight

JANUARY 12, 2022

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. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Conventional loan.

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Housing Wire

MARCH 23, 2021

With e-signatures enabled for virtual closings, it has become more difficult for lenders to authenticate income and asset information, while the incentive to cheat is boosted by desperation or perceived opportunity. Underwriters with hidden agendas. There were enough significant findings to make these loans unsalable.

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Lending Mortgages Due diligence Debt-to-income ratio 450

Real Trends

MARCH 9, 2022

While title insurance may be less understood by homebuyers, who may see it as just another fee involved in the closing process, it’s important for them to understand the many benefits title insurance provides and the dangers that can be incurred without it. Diane Tomb is the CEO of the American Land Title Association.

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RIS Media

DECEMBER 7, 2020

recently launched a digitally enhanced title review process known as Radian Ready that provides: – Title searches powered by Radian title technology. – Title reports with curative actions and turn times. – Streamlined workflow for the transition from title production to title curative.

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RIS Media

APRIL 18, 2022

The market changes all the time—as does the practice of selling real estate, especially in the age of technology. But it has helped us step up to the plate and shorten the time from listing to close—doing needed repairs up front, for example, and getting the title search done ahead of time.

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Housing Wire

DECEMBER 27, 2023

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I The title industry has worked hard over the last few years to shed that reputation.

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Housing Wire

MARCH 31, 2021

That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title. This slows the search and underwriting processes, makes them more prone to errors and delays closings at the expense of the homebuyer. Robert Karraa, President.

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HomeLight

APRIL 15, 2022

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . They find this offer to be satisfactory and are able to close in days without mortgage lender involvement.

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HomeLight

JANUARY 3, 2022

An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. Sellers then pick a move date, and can often close in as little as two weeks. The closing from start to finish was three and a half weeks, which is great for me. All of this takes time.

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Housing Wire

SEPTEMBER 1, 2022

It’s becoming clear that the settlement services industry, long reluctant to adopt new technology, is finally moving in the direction of comprehensive automation. However, while the title space has made tremendous strides in recent years, there is still a tremendous amount of “button mashing” being done. The result?

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The Residential Specialist

JUNE 23, 2020

Even before the days of technology, people sat down and thought about the things they did every day, every week or every month, and came up with processes that allowed them to do those things very quickly. Although you can achieve basic automation without it, technology can enhance your automation game. Masterful marketing.

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Housing Wire

MARCH 9, 2021

How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one? That general principle holds true for the title and settlement services space as well. My recommendation for lenders is applicable to the title industry, too.

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HomeLight

APRIL 11, 2023

Receive your offer within a week and close in as little as 10 days. With a signed sales agreement, the closing process will begin. Close the sale and get paid quickly. We Buy Houses companies can typically close your home sale within seven days to a few weeks. No showings, no repairs, no open houses. The company has 4.6

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Purchase and sale agreement Closing costs Closing Sales 87

HomeLight

AUGUST 12, 2022

Get an offer in as few as 48 hours and close in as little as 10 days. We Buy Houses companies in Houston typically promise quick, all-cash offers and ultra-fast closings, often in as few as seven days. If you accept the offer, you’ll both sign a contract and begin the closing process. Request Offer. stars out of 5 , and has 4.6

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