Remove Inspection Remove Staging Remove Title
article thumbnail

Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Home Inspection. Have you budgeted for closing costs?

article thumbnail

From consultation to closing: The definitive homebuying checklist

Housing Wire

Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. While you want your clients to be prepared, focus primarily on the immediate next steps and reiterate the key details as you progress through each stage of the transaction.

Closing 372
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. Like agents, there are multiple types of brokers, and their responsibilities will vary based on their job titles.

Agents 448
article thumbnail

Why appraisal modernization alone is not enough

Housing Wire

By adopting a comprehensive technology or service platform that spans multiple stages of the mortgage loan process, lenders can enable end-to-end digitization of the loan process, monitor loan status at every stage from a single dashboard, improve operational efficiency and reduce vendor management costs.

article thumbnail

Selling your home to a family member in 5 easy steps

Housing Wire

Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. Close on the sale In 2024, sellers report paying $8,000 in closing costs , which include title insurance, a credit check, document prep, and other fees necessary to complete the sale.

article thumbnail

Mortgage lenders need to lean in to consumer expectations

Housing Wire

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Can you leverage AI and machine learning to speed up title decisioning? Technology that had long been available, but never saw the level of adoption the industry would have hoped for, was now in high demand.

Mortgages 448
article thumbnail

Are these factors creating chaos in your mortgage lending ops?

Housing Wire

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? The industry’s workforce is made up primarily of professionals who are now in the later stages of their careers.

Lending 393