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: 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.

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

Housing Wire

Title Search Fee. Property title searches are performed during the closing process and uncover all available information about a property. The title search fee typically ranges between $75-$200. Title Insurance.

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.

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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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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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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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.

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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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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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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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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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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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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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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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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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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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.

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.

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?

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.

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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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.

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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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.

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.

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: .

What Is Title Insurance, and How Much Does Title Insurance Cost?

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. When you buy a home, you “take title” to it and establish legal ownership. What is title insurance?

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Radian Launches Radian Ready for Digital Title Review

RIS Media

recently launched a digitally enhanced title review process known as Radian Ready that provides: – Title searches powered by Radian title technology. – Title reports with curative actions and turn times. – Streamlined workflow for the transition from title production to title curative. – Radian Rapid graded title documents indicate there are items on title that are expected to be clear to close in one to five business days.

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5 Ways in Which Having a Lien on Your Property Can Impact Selling It

Point2Homes

Even if you’re already aware of a mortgage lien, it’s always best to conduct a title search on your property prior to the sale, to make sure that there aren’t some you might have missed, such as HOA liens, sidewalk liens, and even just parking violations.

Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

The title isn’t clear. One threshold you’ll have to cross before buying a home is the title search — and you’ll likely have to do a title search whether you’re paying in cash or financing.

17 Home Closing Delays and How You Can Avoid Them

HomeLight

Problems with the title. There are many issues that can arise from a title search on a home for sale — some small, some big — that must be addressed before the property can be legally transferred to the new owner. Closing on a house seems pretty straightforward.

The Five biggest drawbacks of a Lender-Financed Offer

CT Homes

Getting from the loan application to closing has multiple steps including the appraisal, application review, title search, homeowner’s insurance, condition review and closing document distribution. All offers are not created equally.

When to Walk Away From a House You Wanted to Buy

RIS Media

A title search can reveal a variety of issues that may create financial or legal problems. You think that you have found the perfect house, but you may have to walk away for some reason.

Everything You Need to Know About Closing Costs

Redfin

You’ll see line items for costs for the title process, any county or state fees for taxes and utilities, and any interest rate points or closings costs you prepaid. . This amount covered taxes, bank fees, and third-party fees such as those charged by the title company.

Tips for Buying a Foreclosure Property

Point2Homes

Homes purchased at auction are bought in “where is and as-is” condition, and you’ll also be responsible for any liens or title encumbrances on the property. In this case, having an attorney run a title search will be critical. Image: Andy Dean Photography / Shutterstock.com.

Selling FSBO? Tally Your Closing Costs Without a Realtor

HomeLight

Title fees : These fees include a title search to verify that the seller owns the property, and without any conflicting liens. Depending on the sale price and the location, title fees can range from $300 to $1,500. Title search: $300-$600.