Demystifying Property Title Search: Your Questions, Answered

HomeLight

Some of the elements of closing on a home can be difficult to grasp, like the property title search. Property title problems account for about 9% of closing delays , according to the National Association of Realtors. So what does a property title search entail?

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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Mortgage Tech Demo Day: Altisource

Housing Wire

They offer HomeVal, a Premium Title and Springhouse® Valuations’ Hybrid solution, providing a full suite of customizable, low cost products delivering precise title search, property photos and valuation data with greater speed and ease. Altisource.

DataTrace integrates with title software SoftPro

Housing Wire

Title automation company DataTrace has announced an integration with SoftPro , a real estate closing and title software company, which will allow SoftPro users to access over 560 title plants, nationwide tax and recorded property data, and more than 7 billion document images.

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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.

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

Housing Wire

There’s also a chance your lender will require another title search and title insurance, which would add to your costs. Mortgage rates vary. Take the pandemic, for example. Interest rates were at an all-time low last year, which is why the housing market saw such a spike.

SoftPro names Gorkem Kuterdem CTO

Housing Wire

SoftPro has named title and escrow veteran Gorkem Kuterdem its new chief technology officer, the company announced Thursday. It’s been a busy month for SoftPro, which in early May announced an integration with title automation company DataTrace.

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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

HW: How can integrating title and valuation data points alleviate those pain points? It combines the proven services and expertise of Premium Title and Springhouse Valuations to provide a full suite of customizable products focused on the home equity lines of credit (HELOC) market.

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Biden tax credit to rehab homes is finally unveiled

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?

Stewart continues acquisition frenzy with Signature snag

Housing Wire

Signature Closers provides self-service signing support for title companies and lenders via an eNotary-capable network of notary signing agents and attorneys. 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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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.

With new CEO in tow, Proper Title plans national expansion

Housing Wire

Judd Hoffman has been hired as chief executive officer for Proper Title LLC , an Illinois-based title insurance agency that’s backed by top independent real estate brokerage @properties. How hybrid title and valuations help increase lending efficiency.

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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

Real estate transactions require coordination between lenders, title insurers, home buyers, title & escrow companies – the list goes on. The post Qualia automates the title process so lenders can deliver a best-in-class home-buying experience appeared first on HousingWire.

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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. ServiceLink’s EXOS Title engine automates the title search, pulling available land records data together to create a complete property profile. EXOS Title offers strict adherence to local, state and federal regulatory guidelines.

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Spruce offers fully underwritten title commitment

Housing Wire

Real estate tech company Spruce announced a joint project Tuesday with insurtech platform Digital Partners and American Digital Title Insurance Company to offer a fully underwritten title commitment that it says can be completed in minutes.

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White label title insurer Proliant adds another franchise

Housing Wire

White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. The move expands Proliant further into Michigan, where it has close to a dozen franchise title firms.

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How to identify fraud risks early in the origination process

Housing Wire

While mortgage is a big market for us, our division also serves other verticals: title, appraisal, government, FinTech, PropTech, retail, marketing, real estate, property services and education.

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Fueling the home-buying process with certainty

Housing Wire

Title is the key to unlocking the transaction slowdown. While much innovation has been focused on the upstream, consumer-facing processes, one of the industry’s largest transactional quagmires – title – remains largely untouched. The first title insurance policy was issued in 1876.

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

Housing Wire

Since 2018, Premium Title has helped clients electronically close nearly 10,000 transactions. Construction Title Pro (CTPro) is a nationwide title platform built to streamline highly fragmented processes while reducing costs.

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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. Now, look more closely at the title, escrow and closing process itself, which is usually (mostly) in the hands of the title agent and title underwriter.

The purchase market is an opportunity for the title industry

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? That general principle holds true for the title and settlement services space as well.

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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.

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

This means that most Connecticut home sellers need to pay their remaining mortgage balance before transferring the property title to a buyer. As part of the home sale process, the buyer pays for a title search to ensure there are no legal issues with the property’s deed.

How one mortgage fulfillment service increases efficiencies while minimizing risks

Housing Wire

We offer a span of comprehensive product options throughout the entire loan lifecycle and help manage loans from start to finish, including title searches, processing, underwriting, closing and disposing of them and even take them into the post-closing and servicing process.

Stepping up the fight against fraud in mortgage lending

Housing Wire

In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements.

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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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.

Are Closing Costs Tax Deductible?

Redfin

Title Search. The title search is performed by a title company. They are responsible for making sure the title to the home is clear, meaning there are no defects in the title or problems that would prevent the title from transferring to you at the time of purchase.

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. Title search fee. On average, title search fees run between $100 to $200.

Can you explain the escrow and title processes to your buyers and sellers?

Easy Agent Pro

There’s PMI and MIP, homeowners insurance and title insurance. The clearer you can explain the escrow and title processes, the better your clients will perceive a high level of customer service. And title insurance? The types of title insurance are confusing to newbies.

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