Remove Development Remove Due diligence Remove Mortgages Remove Title search
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How one mortgage fulfillment service increases efficiencies while minimizing risks

Housing Wire

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: What sets Trelix apart from other mortgage fulfillment services?

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Stepping up the fight against fraud in mortgage lending

Housing Wire

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements.

Lending 452
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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. In fact, our industry is so important that throughout the COVID-19 pandemic, title insurance professionals were deemed essential by the federal government. Why is a title search necessary for refinancing?

Title 518
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Top Tips and Considerations For Buying Land

Realty Biz

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. I have helped developers build and sell entire subdivisions from the ground up. Careful due diligence is necessary to ensure you don't make any significant mistakes.

Land 126
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6 Critical Questions to Ask When Buying Land

Realty Biz

Performing due diligence is vital when purchasing a home. A lender will not grant a mortgage when there is a significant encroachment from one neighbors property to another. Real property can be burdened by various legal restrictions, such as liens, easements, leases, mortgages, or restrictive covenants.

Land 126
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Things a Lawyer For Real Estate Does For Buyers

Realty Biz

Lenders Lenders, such as banks or mortgage companies, may also engage real estate attorneys to represent their interests in a transaction. Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral.

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Who Pays for the Appraisal and Why This Key Homebuying Step Is Worth Every Penny

HomeLight

If you’re taking out a mortgage, your lender will arrange something called a home appraisal. According to the National Association of Realtors®, only 22% of residential sales are cash sales, so it’s likely that you’re taking out a mortgage to finance your home purchase. To your delight, the seller accepted your offer.