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Bots are helping title industry automate tech gaps

Housing Wire

However, while the title space has made tremendous strides in recent years, there is still a tremendous amount of “button mashing” being done. Increasingly, manual processes in title workflows are being eliminated with customized bots and AI. The first example is a well-known headache for title firms. The result?

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ServiceLink’s EXOS Title engine automates the title process so lenders can receive instant title decisions

Housing Wire

ServiceLink’s tech-enabled title solution, EXOS Title, combines cutting-edge technology and superior customer service with a nationwide footprint – ultimately getting lenders and their clients to the closing table faster. EXOS Title offers strict adherence to local, state and federal regulatory guidelines.

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Flueid integrates with Encompass to fuel loan originations

Housing Wire

This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience. Loan officers and underwriters can now easily check title information and review critical insights to understand the status of a property and consumer.

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Purchase market will highlight closing process problems

Housing Wire

Like it or not, the most nerve-wracking part of buying or selling a home comes when the “file” heads out to the title and escrow company. It’s much more efficient to reach a loan officer and input an application into the pipeline than ever before. How long until the title search is complete?”)

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How to Understand Real Estate Underwriting

Realty Biz

You'll need to provide documents such as: Valid ID and Social Security number Recent pay stubs W-2 or I-9 forms from the past two years Federal tax returns Recent bank statements Details on long-term debts like car or student loans Your loan officer, mortgage broker, or home lending advisor sends this information to the underwriter.

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What to Bring at Closing: For Sellers, the List Is Short and Sweet

HomeLight

But even before you get to closing, the seller has a few tasks to complete, such as making agreed-on repairs to the property and producing a title search indicating the title is unencumbered. On the designated day, all parties meet at a neutral location, such as a title company, escrow company, or mortgage lender.

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. A seasoned mortgage broker will fully analyze your situation and application, anticipate any issues, and guide you through the process to a smooth closing,” says Trey Bolen at Lendid Home Loans.

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