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Opinion: The title industry supports innovation while prioritizing protection

Housing Wire

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. Some companies are also using AI to automatically route mortgage payoffs. Strides in technology have also made closings more accessible.

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TitleWave launches Colorado branch

Housing Wire

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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Home equity lending opportunities remain despite decline in tappable equity

Housing Wire

Utilizing automated valuation models instead of full-blown appraisals or title searches in lieu of title policies makes loan production less expensive and more rapid,” according to the report. But concern is growing over the lower-credit lower-income product, the report notes.

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Opinion: How the title industry protects homeowners

Housing Wire

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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Title insurers reckon with attorney opinion letters

Housing Wire

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. This is a top priority for ALTA.”.

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Fueling the home-buying process with certainty

Housing Wire

Another key takeaway – and a constant theme during the pandemic – is how technology liberated consumers and professionals alike. A shift in household economics strained finances, so lower interest rates and cash-outs became attractive. Technology harnesses desperation to fuel the change that drives the consumer experience.

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iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. In addition, the risks of a settlement cancellation or delay are higher with a traditional sale, especially if the buyer is purchasing the home with a mortgage. All of this takes time.

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