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

Housing Wire

A title check is a key workflow step that provides instant awareness on the condition of title — based on title underwriter guidelines — andvalidateskey details about the property and consumer through an easy-to-understand data result at the start of the loan origination process. That’s much too late in the process.

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

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete.

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Can AI launch the title industry into the future in 2024?

Housing Wire

With its four largest firms all at least 100 years old, the title insurance industry has a bit of a reputation for being antiquated and technology averse. “I The title industry has worked hard over the last few years to shed that reputation. Our lives can’t go backwards,” Svoboda said.

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Don’t Wait—Automate!

The Residential Specialist

“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. Masterful marketing.

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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. iBuyers generally offer much closer to market value for homes than house flippers. Sam and Diane are fortunate to be selling during a seller’s market, where homes are receiving 3.7

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iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

An iBuyer is a deep-pocketed real estate technology company that uses digital tools to purchase homes directly from homeowners and close quickly. iBuyers tend to offer much closer to market value than other types of investors and flippers, but they also charge a service fee and are limited in the types of homes they will buy.

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How Long Does It Take to Close on a House From Start to Finish?

HomeLight

According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Source: Ice Mortgage Technologies , Data for Sept. This period averages around 50 days in today’s market. Next steps include the home inspection, appraisal, and final paperwork.

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