Mortgage Tech Demo Day: Altisource

Housing Wire

Altisource® is a leading and trusted provider of innovative solutions for servicers, originators and investors in the real estate and mortgage industries. The post Mortgage Tech Demo Day: Altisource appeared first on HousingWire. Altisource.

Mortgage Tech Demo Day: Title Leader

Housing Wire

Title Leader. Title Leader is designed specifically for default services law firms, whether you have a captive title company or not. We’re a workflow automation platform AND a national title search vendor. Industry-first automation of the 11, mandatory steps of the title-search handling process… AND you gain access to our search-fulfillment partner, which serves all national title insurance underwriters.

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Stepping up the fight against fraud in mortgage lending

Housing Wire

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3%

How one mortgage fulfillment service increases efficiencies while minimizing risks

Housing Wire

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. Our team seamlessly integrates with the client’s mortgage operations.

If you haven’t refinanced yet, is it still worth it?

Housing Wire

Mortgage rates vary. Some purchased a new home and others refinanced their mortgage. But as the world slowly gets back to normal, mortgage rates have slowly been rising. Refinancing means taking out a new mortgage loan and replacing it with your current one.

Closing costs: Here’s how much money you really need to buy a house

Housing Wire

Mortgage Broker Fee . Closing costs include a commission fee that brokers charge at the end, of the mortgage process, which is why homeowners are encouraged to shop around for the right mortgage broker. Here’s what to expect in the mortgage application process.

The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

HomeLight

The mortgage loan process is pretty messy! Follow the list, and you’ll save yourself a lot of headaches and make the mortgage loan process a lot smoother. Businesses have expenses, which eat into how much you take home and have available to spend on a mortgage. Title documents.

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DataTrace’s TitleIQ leverages automation to reduce human error and further streamline processes

Housing Wire

Every real estate transaction—whether it is backed by a mortgage or is an all-cash deal—requires a determination of ownership and a clear transfer of title. That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title.

What is a Reverse Mortgage and How Does it Work?

Redfin

If you’ve lived in your current home for many years, you may reach the point where you’ve made your final mortgage payment or are very close to paying off the house. These situations could be ideal for a reverse mortgage. . You may have heard the term “reverse mortgage.”

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Count the Closing Costs: A Line-By-Line Guide to Closing Costs With A Mortgage

HomeLight

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. Title costs.

How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. No one daydreams about filling out mortgage applications, and the process is complicated because you have to keep track of so many details and make so many choices.

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Qualia courts proptech firms with title, escrow offering

Housing Wire

Digital closing platform Qualia announced Wednesday the release of “Qualia Scale,” a software program that allows proptech companies to attach title & escrow to their core offerings. How hybrid title and valuations help increase lending efficiency.

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How hybrid title and valuations help increase lending efficiency

Housing Wire

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders.

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Buying a House? Here Are the Mortgage Fees You’ll Pay

HomeLight

Mortgages are some of the most complicated loans that you can get, and they include a number of associated fees. While a good lender, mortgage broker, or real estate agent will explain mortgage fees to you before the closing , many borrowers still find themselves surprised at the total cost.

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Biden tax credit to rehab homes is finally unveiled

Housing Wire

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. How hybrid title and valuations help increase lending efficiency.

Qualia announces DataTrace integration

Housing Wire

Qualia announced Monday a new integration with title automation company DataTrace , giving Qualia Marketplace users direct access to DataTrace products and services without leaving the platform.

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RamQuest integrates with SearchCONNECT

Housing Wire

The new integration will enable customers to place online orders for SearchCONNECT’s title search and policy-typing solutions without leaving the RamQuest website, said Laura Mowrer, RamQuest senior vice president of product operations and business integration.

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Real Estate Mortgage Notes: Investing For Higher Returns in 2021

Norada Real Estate

Mortgage note investing is one of the best real estate investment opportunities available but it is rarely discussed. In this article, we shall discuss the various types of mortgage notes and how to invest in them. What Is the Difference Between a Mortgage and a Mortgage Note?

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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.

Blend breaks into title insurance with latest acquisition

Housing Wire

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. It makes the title firm a good match as Blend looks to scale its operations.

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Qualia automates the title process so lenders can deliver a best-in-class home-buying experience

Housing Wire

Qualia has created a flexible infrastructure for the real estate and mortgage industry. Real estate transactions require coordination between lenders, title insurers, home buyers, title & escrow companies – the list goes on.

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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 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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How to identify fraud risks early in the origination process

Housing Wire

HousingWire recently spoke with Robert Karraa, President of First American Data & Analytics , on how lenders can better identify fraud risks and errors in mortgage applications. All of our title solutions are supported by the industry’s largest geographic collection of title plants.

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Get the edge you need in today’s world with innovative origination solutions

Housing Wire

Trelix helps increase mortgage fulfillment productivity and customer satisfaction by helping companies adjust to constantly fluctuating business demands with a global supplemental team of skilled mortgage associates.

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Purchase market will highlight closing process problems

Housing Wire

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). Let’s admit it.

Fueling the home-buying process with certainty

Housing Wire

Title is the key to unlocking the transaction slowdown. Whether it’s a refinance or a mortgage purchase, the real estate transaction is littered with points of uncertainty that drag down the transaction process. The first title insurance policy was issued in 1876.

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The purchase market is an opportunity for the title industry

Housing Wire

Prognosticators are already suggesting the mortgage market has recently “peaked.” This was a major topic of discussion among mortgage lenders in 2018, our last whiff of a true purchase market. How hybrid title and valuations help increase lending efficiency.

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

Housing Wire

Others are one-time closing costs expenses, which may include: loan origination fees, application fee, mortgage broker fee, title insurance, appraisal fees, title search fee and other miscellaneous payments. What’s the difference between a home inspection and an appraisal?

Connecticut Home Sellers Can Expect to Pay These Closing Costs

HomeLight

Mortgage payoff. About 66% of residential properties in Connecticut are owner-occupied , and 68% of those homes have outstanding mortgage debt. This means that most Connecticut home sellers need to pay their remaining mortgage balance before transferring the property title to a buyer.

The appraisal gap is complicating deals across the country

Housing Wire

How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one? The home checked off every box on Linda’s list.

What Is Title Insurance? Peace of Mind When Buying a Home

Realtor.com

barisonal/iStock.com Buying a home often entails also buying various types of insurance to protect your property, and one type you might need to get is called title insurance. So what is title insurance? When you buy a home, you “take title” to it and establish legal ownership.

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Are Closing Costs Tax Deductible?

Redfin

Closing costs are the fees you pay when you obtain a mortgage loan. This is a fee charged by the lender as compensation for handling your mortgage loan from inception to closing. Primary Mortgage Insurance. Title Search. Title Insurance.

Buying a Home in Foreclosure: What to Expect from a Foreclosure Auction

Point2Homes

The easiest way to assess the property’s condition is to visit and take a look at the exterior , searching for any signs of damage, squatting, etc. It’s also essential to run a title search on the property. Image: Alexander Raths / Shutterstock.com.

Georgia Sellers: Here’s a Round Up of Your Closing Costs

HomeLight

Taxes and fees: $3,325 for the transfer, tax, title fees, and escrow fees which we’ll detail below. You must pay off your mortgage before you transfer the title to your house. Once you’ve paid the mortgage balance, you’ll receive a reconveyance deed as proof.

15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. Here are 15 homebuying terms you should become familiar with before you start your home search: . Mortgage interest rate : The price of borrowing money.