article thumbnail

How Mortiles use technology and vendors services to push title searches into the future

Housing Wire

As a result, professionals in the title and foreclosure industries must evolve to keep up with upcoming trends. However, long-standing challenges still persist within foreclosure firms, title and escrow companies, and title insurance underwriters. What drew you to the title search industry?

article thumbnail

Bipartisan congressional caucus calls on FHFA to halt title waiver program

Housing Wire

The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. According to the letter, the average cost of a title claim and associated expenses is $26,000.

Title 418
Insiders

Sign Up for our Newsletter

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

article thumbnail

Georgia looks to protect residents from title theft with new law

Housing Wire

Georgia has upped its defenses against deed fraud and title theft. Title theft occurs when a criminal impersonates a property owner and sells or takes out a second mortgage on the owners property. Police are encouraging homebuyers to conduct a title search of a property before they purchase it.

Title 397
article thumbnail

Transforming the mortgage and real estate process: Insights from Tech100 leaders

Housing Wire

From streamlining title verification to enabling collaborative loan processing and automating key title production tasks, these leaders are helping shape a faster, smarter, and more efficient housing market. We call this process VOT or Verification of Title.

Title 370
article thumbnail

ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Title insurance is a comprehensively regulated product.

Title 493
article thumbnail

Punctual Abstract acquires Slade Title Research

Housing Wire

Punctual Abstract , which compiles and provides abstracts, title evidence and ancillary documents, such as HOA estoppels, tax certificates and municipal, announced Monday that it has acquired Mississippi-based Slade Title Research. In April 2021 , Punctual Abstract began offering its title production services nationwide.

Title 416
article thumbnail

Opinion: Title insurance is vital to protecting the American dream

Housing Wire

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Title 518