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Why lenders should be asking for a title check at loan application

Housing Wire

As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to discuss why mortgage lenders should be asking for a quick, data-driven title check at loan application, rather than an instant title commitment, to understand and verify what’s going on with a property and consumer from the start.

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Home equity lending opportunities remain despite decline in tappable equity

Housing Wire

Consumer loan demand was mixed, with home-equity and used auto loans showing some increased demand over the last few months,” the Federal Reserve Board of Governors noted. Another area to watch is the performance of loans approved through automated processes. Tappable home equity is expected to decrease to a forecasted $18.1

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Purchase market will highlight closing process problems

Housing Wire

Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. With a purchase market, of course, comes higher production costs and weaker margins. How long until the title search is complete?”)

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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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A look at the role instant title plays in the borrower journey

Housing Wire

HousingWire: How did the title business adapt to unique conditions caused by the pandemic, the growth of the remote workforce and low interest rates? Luckily, the technology and infrastructure we had in place at ServiceLink kept our client service uninterrupted. Quality data is key to the viability of an instant title product.

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How to identify fraud risks early in the origination process

Housing Wire

Our FraudGuard alert-based solution uses natural intelligence gained from millions of loan applications and eventual outcomes to assist underwriters to note abnormalities in application data. 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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ServiceLink’s EXOS Title engine automates the title process so lenders can receive instant title decisions

Housing Wire

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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