article thumbnail

Punctual Abstract acquires Slade Title Research

Housing Wire

For Slade Title, this acquisition allows the company to expand its search capacity to the entire state. Previously Slade serviced only 10 counties, but thanks to Punctual Abstract’s technology and increased staffing, Slade will be able to serve all of Mississippi. If the company hopes to wrestle any share of the 80.3%

Title 321
article thumbnail

Opinion: What you need to know for a successful real estate transaction

Housing Wire

This is especially important in today’s fast-paced real estate market, where time is of the essence. What is a title in the context of real estate? In real estate, a title is a legal document that establishes ownership of a property or asset. How has technology impacted the industry?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Opinion: The title industry supports innovation while prioritizing protection

Housing Wire

These innovations have helped — not hindered — title professionals offering the same, robust coverage and protection that homeowners have depended on for over a century. Some vendors push alternative title insurance products that are marketed as cheaper options. Strides in technology have also made closings more accessible.

Title 420
article thumbnail

Purchase market will highlight closing process problems

Housing Wire

But now that it’s all but certain we are coming into a true purchase market, the unknown and uncertainty that is the period prior to close will once again come under more scrutiny. With a purchase market, of course, comes higher production costs and weaker margins. There’s just a lot more to a purchase mortgage.

Closing 246
article thumbnail

DataTrace integrates with title software SoftPro

Housing Wire

“The integration creates a more secure, fully integrated portal to SoftPro 360’s automated title search and closing process,” Portner said. Tools now exist that connect data sources, enabling title reports to be quickly delivered.

Title 367
article thumbnail

Home equity lending opportunities remain despite decline in tappable equity

Housing Wire

Utilizing automated valuation models instead of full-blown appraisals or title searches in lieu of title policies makes loan production less expensive and more rapid,” according to the report. Tappable home equity is expected to decrease to a forecasted $18.1 trillion as of the fourth quarter of 2023 from an expected $19.4

Equity 354
article thumbnail

As title insurance volume shrinks, workers take on more tasks

Housing Wire

I think you are going to see the jobs in our industry be data driven and technology driven and I think that is critical for us and that will skew younger to a certain degree.”. However, as the market has slowed, PropLogix believe the percentage of title agents feeling that generating new business is their greatest challenge has increased.

Title 379