Housing Wire

DECEMBER 14, 2023

The research found that title and settlement fees are neither regressive nor represent a significant component of the overall closing costs. The research also finds that title and settlement fees increase with loan amount (a 1% increase in loan amount is associated with a $7.41 increase in fees).

Title 447

Title Closing costs Loans Title search 447

Housing Wire

MARCH 15, 2021

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. But Mayopoulos stands by his statement that virtually “every aspect of mortgage lending can be improved through digitization.”

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Title Lending Title search Banks 408

Housing Wire

JUNE 24, 2021

Colliver began her career as a title examiner and manager in the title industry with Fidelity Title. Closing Complex Loans Faster With a Digitized Client Workflow. Since 2000, TitleWave has delivered more than 6 million title search reports to over 12,000 customers, the company said.

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Title Title search Closing Technology 321

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.

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Title Land Title search Closing 402

Housing Wire

JUNE 22, 2021

HousingWire recently spoke with Robert Karraa, President of First American Data & Analytics , on how lenders can better identify fraud risks and errors in mortgage applications. For example, loans with the highest AI Score, usually about 10% of total application volume, account for 50% or more of total fraud risk.

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Title Title search Loans Mortgages 417

Housing Wire

MARCH 27, 2023

At a time of high mortgage rates and inflation, the federal government — along with government-sponsored enterprises — is understandably under pressure to lower costs and make homeownership more accessible. The title insurance industry continued to pay out claims, many fraud-related, despite a severe recession.

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Title Title search Banks Land 310

Housing Wire

OCTOBER 29, 2021

A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing.

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Title Title search Equity Inspection 320

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). There’s just a lot more to a purchase mortgage.

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Closing Marketing Title Title search 260

Housing Wire

APRIL 1, 2021

In today’s low interest rate, high-volume market, lenders need a way to manage their mortgage volume while providing a consistent, high-quality customer experience. ServiceLink’s EXOS Title engine automates the title search, pulling available land records data together to create a complete property profile.

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Title Title search Loan Officer Closing 238

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. It is also the third-biggest source of claims in our industry right now.

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Title Closing costs Title search Closing 348

Realty Biz

AUGUST 20, 2023

Mortgage pre-approval is an essential step when buying a house. It gives you a clear understanding of your budget and helps you make informed decisions when searching for properties. This thorough assessment determines how much you can borrow, which loans you may be approved for, and the potential interest rate.

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Pre-approval Debt-to-income ratio Mortgages Loans 93

Housing Wire

APRIL 6, 2021

She received help from family members and was also able to take a loan out against her 401(k) to make up the difference. One California-based real estate agent who originates her own loans told HousingWire that she believes appraisers are being far too conservative in this high-octane market, and are also using bad comps.

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Title search Loans Title Agents 540

Realty Biz

FEBRUARY 19, 2024

Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land. If traditional loans are unattainable, explore alternatives like seller financing, personal loans, or partnering with investors. There are mainly three types: raw land loans, unimproved land loans, and improved land loans.

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Land Due diligence Title search Finance 126

RIS Media

APRIL 8, 2022

Real Estate appraisals are usually completed when homes are bought via mortgage loans. Most homebuyers can’t afford to carry two mortgages simultaneously. The title search reveals issues. Whenever you’re purchasing real estate, a title search is one of the standard boxes that must be checked.

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

Realty Biz

SEPTEMBER 14, 2023

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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Purchase and sale agreement Title search Title Due diligence 99

RIS Media

SEPTEMBER 21, 2020

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. The fee, usually 0.3 – 1.5

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Pre-approval Pre-qualification Title search Inspection 65

Real Trends

MARCH 9, 2022

When property is transferred from one owner to another, there may be undiscovered tax liens, forged signatures, recording errors, undisclosed easements, title claims or other defects. Despite strides made by technology to streamline the process of title searches, the title industry remains a people-centered industry.

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Title Title search Land Closing 107

Housing Wire

JUNE 8, 2023

Fannie Mae dropped a bomb on the title insurance industry in April 2022, when it adjusted its selling guide to allow the purchase of loans using attorney opinion letters (AOLs). Is this a big deal or not a big deal for those of use in the title industry and the real estate industry generally?”

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Title VA loan Title search Commercial 317

HomeLight

AUGUST 31, 2021

A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default. Source: (Adam Wilson / Unsplash). What is a foreclosed home?

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Pre-approval Short sale Banks Finance 101

Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HousingWire: What are some due diligence and underwriting challenges loan originators face today? It’s easy to see why.

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Title Lending Due diligence Title search 278

Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. On the buyer’s side, if a property’s appraised value is lower than the contract’s value, the mortgage may be declined; the mortgage may be approved if the buyer contributes cash up-front (to make up for the difference in value). Asynchronous appraisal.

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Sales Home sale contingency Pre-approval Inspection 60

The Residential Specialist

JUNE 23, 2020

There’s a lot of fear about industries fully automating and kicking workers to the curb, but real estate is one of those industries that needs a human-to-human connection,” says DelRose, director of marketing for The Mike DelRose Team, a RE/MAX Revolution office in Watertown, Massachusetts. REALTOR ® Mike DelRose Jr.

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Pre-approval Title search Agents Technology 98

Redfin

JUNE 14, 2023

North Carolina housing market insights The housing market in North Carolina is a vibrant and flourishing industry that presents potential buyers with numerous choices. This allows you to confidently search for homes within your budget and make realistic offers. of the purchase price.

Pre-approval 55

Pre-approval Debt-to-income ratio Closing costs Title 55

Housing Wire

APRIL 30, 2024

It’s uncertain whether federal regulators are purposefully misleading Americans about the potential savings or just don’t understand how title insurance works. The truth is the cost of title insurance coverage has decreased nearly 8% over the last two decades due to innovation in the industry.

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Title Due diligence Title search Principal 369

Housing Wire

SEPTEMBER 30, 2020

Since the pandemic hit, lenders have been shifting operational processes to meet the changing loan needs of their customers. Altisource believes in helping clients stay ahead of changing industry demands and challenges with innovative solutions and technology. Altisource is here to help. CONVENIENT ECLOSE SOLUTIONS.

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Title Title search Construction Industrial 321

Realty Biz

AUGUST 2, 2023

In addition, an experienced agent will have established relationships with other industry professionals, such as mortgage lenders, home inspectors , and title companies. It involves various steps, such as the verification of documents, title search, and fund disbursement.

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Purchase and sale agreement Title Staging Inspection 92

HomeLight

APRIL 11, 2023

According to their website, they have been used by 1 million homeowners, and have the ability to present a cash offer even in cases where the homeowner is behind on their mortgage or facing foreclosure. A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company.

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Purchase and sale agreement Closing costs Closing Sales 86

HomeLight

APRIL 11, 2023

Now an option for sellers in Waco and surrounding towns, this company offers to work with homeowners in a variety of situations, including those who are behind on mortgage payments. That includes an average of 41 days listed on the market, plus the typical 45 days a buyer needs to close on a purchase loan.

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Purchase and sale agreement Closing costs Closing Agents 84

HomeLight

FEBRUARY 16, 2023

In addition to his “we buy houses” services, owner Steven Hoeke also has a traditional local real estate firm to help people buy and sell houses, and he even helps potential buyers fix their credit so they qualify for a home mortgage. The business was founded in 2021. A company without this expertise may give you a lowball offer.

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Purchase and sale agreement Closing costs Closing Agents 81

HomeLight

APRIL 11, 2023

Company founder Jared Benson has a background both in traditional real estate transactions and house flipping, bringing a thorough understanding of the industry to his clients. That includes an average of 62 days on market, plus the typical 45 days a buyer needs to close on a purchase loan.

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Purchase and sale agreement Closing costs Closing Agents 77

HomeLight

FEBRUARY 16, 2023

Perhaps you have a new job offer out of state and don’t want the stress of leaving a mortgage behind. Licensed real estate broker Ryan Coleman, who has more than 20 years of experience in the industry, founded the company in 2008. Add to that the typical 49 days a buyer needs to close on a purchase loan.

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Purchase and sale agreement Closing costs Closing Sales 84

Realtor.com

JANUARY 14, 2021

If you need a mortgage to buy real estate, your lender will likely require you to buy a title policy from a title insurance company. Although it’s a cost home buyers incur, getting a title policy from a title insurance company is critical to establishing peace of mind. Shop around.

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Title Title search Closing Mortgages 132

HomeLight

JANUARY 11, 2023

of the sale price), and any remaining mortgage balance. That includes an average of 16 days on market, plus the typical 49 days a buyer needs to close on a purchase loan. A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company. Title search. 7 to 30 days.

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Purchase and sale agreement Closing costs Closing Sales 79

HomeLight

JANUARY 19, 2023

Customer reviews for We Buy Ugly Houses speak to the company being a well-known and trusted name in the industry. That includes 62 days , plus the typical 54 days a buyer needs to close on a purchase loan. A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company.

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Purchase and sale agreement Closing costs Closing Agents 78

HomeLight

JANUARY 24, 2023

That includes an average of 29 days on market, plus the typical 49 days a buyer needs to close on a purchase loan. A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company. In Lake Worth, it typically takes around 78 days to sell a home on the market using an agent.

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Purchase and sale agreement Closing costs Closing Agents 86

HomeLight

DECEMBER 8, 2022

That includes an average of 30 days on market, plus the typical 49 days a buyer needs to close on a purchase loan. A company may be untrustworthy: As with any industry, there’s a risk of falling in with a less trustworthy company. 79 days average; 30 to attract an offer, 49 to close the loan. Title search.

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Purchase and sale agreement Closing costs Closing Agents 87

HomeLight

OCTOBER 30, 2020

With a mortgage, there are all kinds of things that can go wrong to delay closing — financing issues and appraisals coming in low are two of the most common. Maybe you aren’t using a loan, but you can still run into cash flow issues. The title isn’t clear. By contrast, sellers see cash as a sure thing … but is it?

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Closing Inspection contingency Title search Purchase and sale agreement 114