Housing Wire

MARCH 30, 2021

Real estate tech company Spruce announced a joint project Tuesday with insurtech platform Digital Partners and American Digital Title Insurance Company to offer a fully underwritten title commitment that it says can be completed in minutes. In September, the companies announced a joint project to offer cost-effective title insurance.

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Housing Wire

APRIL 18, 2022

When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. Protecting homeowners is always at the center of the title insurance industry’s core values: to lead, deliver and protect. Fee disclosure is robust.

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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. The unsung heroes of title are examiners, processors and receptionists,” Trimble said.

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Housing Wire

APRIL 1, 2021

Real estate transactions require coordination between lenders, title insurers, home buyers, title & escrow companies – the list goes on. Qualia has an additional product for lenders called Post , which automates both the digital and physical collection of closing documents from title companies. Joel Gottsegen, Co-founder.

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Housing Wire

OCTOBER 13, 2022

Unlike the title industry’s cybersecurity and wire fraud challenges, which are strictly 21 st century issues, the recent interest and use of attorney opinion letters (AOLs) harkens back to an earlier era of homebuying. This is a top priority for ALTA.”. This is a top priority for ALTA.”.

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Housing Wire

FEBRUARY 28, 2022

The title insurance industry is built on service. So, what happens when it becomes much more difficult for title agents to find, recruit and hire the skilled labor so necessary to their core functions? That development could present serious challenges. We will soon find out. Retention begins with engagement and satisfaction.

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Housing Wire

OCTOBER 27, 2023

The American Land Title Association, alongside our real estate industry partners, are committed to making transactions easier for everyone through consumer education efforts. One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company. Where should homebuyers start?

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Housing Wire

JUNE 1, 2021

Housing and Urban Development Secretary Marcia Fudge joined Biden to mark the 100th year since a white mob killed hundreds of Black residents of the Greenwood District. How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one?

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Housing Wire

APRIL 11, 2023

Real estate transactions can be complicated, especially when it comes to titles and escrow. As a professional in the industry with over twenty years of experience, I know that two of the most crucial aspects of any real estate transaction are title and escrow. So why are title and escrow so important?

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Housing Wire

APRIL 6, 2023

After a few years of nothing less than an automation revolution in the title industry, market uncertainty and declining volume are now testing just how effective our efforts have been. There’s no doubt the title industry has made significant gains in streamlining over the past two years. Here’s what we’ve found.

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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 29, 2021

Qualia announced Monday a new integration with title automation company DataTrace , giving Qualia Marketplace users direct access to DataTrace products and services without leaving the platform. DataTrace provides title search and automation solutions to the title and settlement service industries.

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Housing Wire

MARCH 28, 2024

Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex. Title production platforms are usually the backbone of a digital or partially digital title operation. But there’s also room for improvement.

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Housing Wire

NOVEMBER 22, 2023

The process of orchestrating the collaboration of lenders, appraisers, home inspectors, one or two real estate agents, a title insurance company and possibly others is complex. Title production platforms are usually the backbone of a digital or partially digital title operation. But there’s also room for improvement.

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Housing Wire

MARCH 23, 2021

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. Wherever there is commerce, there will be fraud, and the mortgage industry is no exception.

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Lending Mortgages Due diligence Debt-to-income ratio 476

Housing Wire

MARCH 27, 2023

The title insurance industry continued to pay out claims, many fraud-related, despite a severe recession. According to Politico , Fannie Mae would waive title insurance requirements for certain transactions under the pilot program. This is because title insurance provides the most comprehensive protection of property rights.

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Housing Wire

OCTOBER 29, 2020

We offer a span of comprehensive product options throughout the entire loan lifecycle and help manage loans from start to finish, including title searches, processing, underwriting, closing and disposing of them and even take them into the post-closing and servicing process. Customer experience is also paramount.

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Realty Biz

JULY 18, 2024

Open Title , a Texas-based title insurance agency, proudly announced today the addition of E.L. Craine as the President for Houston and the Director of Growth and Development. Craine to our team," said Adam Setliff, President, Open Title Texas. For more information about Open Title's services, visit [link].

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Realty Biz

FEBRUARY 19, 2024

I have helped developers build and sell entire subdivisions from the ground up. Lack of access to utilities can significantly increase development costs. Local Area Assessment Assess the local area's amenities and potential future developments. Future developments can affect land value and quality of life.

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Realtor.com

NOVEMBER 28, 2022

There are some costs that aren’t usually calculated into APR, including the home appraisal, title search, title insurance , credit report , and transfer taxes. That said, the appraisal, credit report, title search, and title insurance should normally be fairly minor costs when compared with the cost of the loan.

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Realty Biz

JUNE 15, 2022

Do some due diligence to ensure something can’t be developed that could be detrimental. Is The Title Clear? When buying any property it is crucial to have a title search performed to make sure there is a clean title. Whatever is abutting the property could have an impact on the future value.

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Realty Biz

SEPTEMBER 14, 2023

They ensure the legal transfer of property, review and prepare documents, resolve disputes, and ensure clarity of the title. States that don't require attorneys use title companies instead. Attorneys assist in reviewing and negotiating sale agreements, clearing title issues, and preparing all necessary legal documents.

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HomeLight

JUNE 19, 2023

LandWatch is a free online resource you can use to search for rural properties and land for sale. They’re rules and regulations that local governments use to control how property is developed. Step 8: Check over the title Just like with a house, liens can be placed on land for various reasons, such as outstanding taxes.

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HomeLight

SEPTEMBER 1, 2022

SmartMove Connecticut : Connecticut’s Housing Development Fund (HDF) SmartMove program allows first-time homebuyers the opportunity to purchase a home with as little as 1.0% Order a title search. Sometimes properties changed title a long time ago and it wasn’t documented.

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HomeLight

JANUARY 29, 2021

Title fees : These fees include a title search to verify that the seller owns the property, and without any conflicting liens. Depending on the sale price and the location, title fees can range from $300 to $1,500. Title search: $300-$600. Title insurance: $1,000. Mortgage pay off.

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HomeLight

MARCH 2, 2023

Department of Housing and Urban Development (HUD) website to find the FHA loan limit in the county where you’re shopping for a home. Who customarily chooses the title company can vary by county — but if it is the buyer’s choice, your real estate agent or mortgage lender will likely have a recommendation.

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HomeLight

MARCH 6, 2023

City Second Loan Program (CSLP) : Offering deferred down payment loans of up to $375,000 to qualified buyers, CSLP is part of the Mayor’s Office of Housing and Community Development’s Homebuyer Assistance Programs (MOHCD). Hayward: Buyers looking to get in on a developing neighborhood with lower prices will find that Hayward fits the bill.

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HomeLight

APRIL 14, 2023

Title insurance is also divided between buyers and sellers. Buyers usually pick up the cost for the lender’s policy, but sellers pay for the owner’s policy that protects the buyer from title defects. In southern California, sellers customarily pay for title insurance and the county transfer tax, but split escrow charges with the buyer.

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HomeLight

MAY 27, 2021

FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. Title search. A title search is a process to confirm the current owner has a clear title to the property and is thus eligible to sell it. They also accept down payments as low as 3.5%

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HomeLight

FEBRUARY 26, 2021

Typically, a plat map can be found somewhere in the pile of papers your title company presents to you at closing. If the land around the house hasn’t been fully surveyed, or divided into different lots, then your house might not be found anywhere on a plat map until there’s more development around it. Not all homes are platted.

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The Close

JANUARY 21, 2025

Step 3: Secure a Title Company, Appraiser & General Contractor You will need a title company, appraiser, and contractor on your team. A title company conducts title searches to ensure that there are no liens on the property and that the owner is entitled to sell.

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HomeLight

JUNE 9, 2023

It’s a good idea to develop a step-by-step plan for saving the funds you need. These funds are usually delivered via cashier’s check and will be held by a title or escrow company until the sale is final. Step 15: Title search The title search is all about making sure the seller has full rights to sell the house.

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HomeLight

AUGUST 31, 2021

Whoever is facilitating the closing — whether it be a title company, escrow firm, or real estate attorney — will be responsible for preparing the settlement statement. However, the settlement form developed by the trade group ALTA (American Land Title Association) is widely used across the nation for real estate transactions.

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HomeLight

JUNE 30, 2022

Escrow fees, title transfer taxes, insurance charges … what are all these extra costs? Title and escrow fees and additional costs associated with your mortgage can all come as a surprise to first-time homebuyers. Title search fee. A title search fee covers the costs of that work and is typically in the ballpark of $200.

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HomeLight

AUGUST 16, 2021

Department of Housing and Urban Development (HUD) homes for sale portal. Property inspections aside, Reynolds recommends conducting a proper title review before bidding “to ensure you won’t be stuck with other financial responsibilities after the sale.” Buy title insurance. Source: (Willy Barton / ShutterStock). Clear to close.

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Realty Biz

JUNE 4, 2023

When it comes to developers, the volume of data increases significantly. It includes different steps such as document verification, property inspections, title search, and time to get an appraisal.

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HomeLight

SEPTEMBER 16, 2021

Clear title. Since around 2005, homeowners have been able to request a free home value estimate online thanks to the development of algorithmic pricing tools. This might happen if the contract document is more than a couple of years old and contains outdated information and the title company won’t accept it. Clear title.

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