Housing Wire

FEBRUARY 14, 2023

Qualia The Qualia technology infrastructure for title & escrow companies, lenders, title insurers, and service providers enables each party to complete their own unique tasks required for a closing and exchange information in real time, standardize and automate back-and-forth workflows, and collaborate with one another in a way never before possible. (..)

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Housing Wire

NOVEMBER 19, 2024

While the co-chairs of the caucus wrote that they “applaud” Thompson and the FHFA’s efforts to promote homeownership for low-income Americans, they believe that the pilot program will not help to achieve the goal of “finding ways to ‘responsibly reduce closing costs for homeowners in a safe and sound manner.’”

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Housing Wire

OCTOBER 12, 2022

Payload, a fintech company focusing on automated payments with API architecture, on Tuesday announced a partnership with technology services provider Premier Data Services , to launch an integration with SoftPro, an escrow and closing software. These pose “multiple inefficiencies” during transactions.

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Housing Wire

OCTOBER 27, 2023

The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider. Often the buyer asks the real estate agent or lender for a recommendation, but we always encourage buyers to explore their options.

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Housing Wire

MARCH 31, 2021

This slows the search and underwriting processes, makes them more prone to errors and delays closings at the expense of the homebuyer. DataTrace delivers advanced real estate data and title search technology and automated examination and production solutions used by leading title and settlement service companies.

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Housing Wire

MARCH 29, 2021

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. DataTrace provides title search and automation solutions to the title and settlement service industries.

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Housing Wire

MARCH 4, 2021

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. Why use several vendors for title searches, appraisals and underwriting when you can use one?

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Housing Wire

MAY 21, 2021

Texas-based technology company RamQuest announced its title and closing digital network — called “Closing Market” — has integrated with SearchCONNECT , an affiliate of Investors Title and National Investors Title Insurance Company , which provides search solutions in Florida, Georgia, South Carolina, Tennessee and Virginia.

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Housing Wire

DECEMBER 5, 2022

“The last two years was like drinking from a fire hose and we’re back to more like 2019 levels right now,” David Townsend, the president and CEO of Agent’s National Title , told attendees listening to PropLogix’s State of the Title Industry report webinar Thursday afternoon. “I Territories.

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Housing Wire

APRIL 1, 2021

Qualia, a digital real estate closing platform, brings all of these parties together onto one secure platform to deliver a best-in-class home buying and selling experience. Qualia’s suite of products make home closings more transparent, efficient, and secure. Joel Gottsegen, Co-founder. Nate Baker, CEO.

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Housing Wire

APRIL 2, 2021

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. It also operates in Florida.

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Housing Wire

APRIL 18, 2022

The American Land Title Association (ALTA) and its members worked closely with the Consumer Financial Protection Bureau (CFPB) to help develop regulations for TRID, which went into effect in 2015. Research released in 2020 by the CFPB showed TRID has helped consumers better understand their costs when closing on a home.

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Housing Wire

MARCH 9, 2021

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. My recommendation for lenders is applicable to the title industry, too.

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Housing Wire

MARCH 31, 2022

However, the actual home buying transaction experience all the way through closing has been essentially untouched even though consumers cite it as one of the most stressful and confusing parts of the homebuying journey. Over the last 20 years, finding a home and applying for a mortgage have become highly digitized.

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Housing Wire

MARCH 15, 2021

Subject to closing conditions, Blend anticipates to finish the deal by the end of the second quarter in 2021, leaving nearly 10% ownership interest to Mr. Cooper upon deal completion. At the time, that transaction closed for just $36 million in cash. How hybrid title and valuations help increase lending efficiency.

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Housing Wire

APRIL 6, 2021

Linda had a sizable downpayment but still needed to find a way to close the appraisal gap. But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said.

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HomeLight

NOVEMBER 1, 2021

To learn about the process of finding property liens, including how to search for liens yourself, we spoke with two pros with field expertise in the matter: Charity Murow is an Illinois-based senior underwriting counsel for Proper Title. Title search: How to check for property liens. How a professional title search works.

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HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Since Alabama’s average sale price sits around $228,283 , sellers pay $13,697 to $22,828 in closing costs on average.

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HomeLight

AUGUST 26, 2020

Waiting for your house to close can feel like being in line at the DMV — it takes forever, and whenever you think you’ve gotten to the head of the line, there’s another delay. Some of the elements of closing on a home can be difficult to grasp, like the property title search. So what does a property title search entail?

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Housing Wire

OCTOBER 29, 2021

Today, borrowers expect to close fast. A small issue within the title process can have an impact on the length of the closing process, impacting mortgage lenders and borrowers. HousingWire: How did the title business adapt to unique conditions caused by the pandemic, the growth of the remote workforce and low interest rates?

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Housing Wire

SEPTEMBER 1, 2022

However, while the title space has made tremendous strides in recent years, there is still a tremendous amount of “button mashing” being done. Increasingly, manual processes in title workflows are being eliminated with customized bots and AI. The first example is a well-known headache for title firms.

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Housing Wire

AUGUST 30, 2021

Not to mention chaos as many buyers who purchased after April 2020 experienced COVID-related delays in closings thanks to office closures, supply issues and more. So, it makes sense that resolving these points could significantly cut down the time to close. We’ve done that with Flueid Decision.

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Housing Wire

DECEMBER 27, 2023

The title industry has worked hard over the last few years to shed that reputation. It has begun to adopt and integrate more and more technology into the title search and production process. Despite the potential data security risks and its usage by bad actors, industry professionals believe AI is here to stay in title. “I

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Housing Wire

FEBRUARY 28, 2022

The title insurance industry is built on service. So, what happens when it becomes much more difficult for title agents to find, recruit and hire the skilled labor so necessary to their core functions? For the title agent (or business owner) to construct a proactive retention effort, it starts with attitude and buy-in.

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HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

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Housing Wire

JULY 28, 2022

Working closely with the borrower’s bank or mortgage servicing company, an assigned Equity Shield specialist will present a variety of sales strategies for the borrower to consider, including: Traditional real estate sale using a broker of the borrower’s own choosing.

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HomeLight

AUGUST 20, 2021

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Some closing costs apply to nearly every home sale. Agent commissions. Loan reconveyance fee.

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Housing Wire

DECEMBER 16, 2024

The layoffs appear to be part of a broader workforce reduction focused on staff working with independent agents, including sales, audit and support roles, the sources added. The cash sale officially closed in late September. TRG did not immediately respond to HousingWire s request for comment.

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HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

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Realtor.com

OCTOBER 29, 2020

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. Review your closing disclosure. Get all contingencies squared away.

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HomeLight

OCTOBER 30, 2020

All-cash offers are beloved by sellers and real estate agents alike — and they’re more than three times as likely to be chosen from the pack. But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. Not always!

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HomeLight

MARCH 31, 2021

Whether you’re selling a modern condo in Atlanta’s Midtown or a century-old property in Savannah’s Historic District, you need to know the closing costs sellers are responsible for in Georgia. The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price. Title search fee.

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HomeLight

NOVEMBER 10, 2021

When you sell your house without the help of a real estate agent, you’ll save money on commission fees but won’t escape closing costs entirely. The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. Buyer’s agent fee (~3%).

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HomeLight

NOVEMBER 9, 2021

The sales price of your home may appear to offer a good profit margin, but before you start putting those expensive items from your wishlist into your shopping cart, first you must subtract all the closing costs New York homeowners have to pay. Sorry, New York sellers, but you are responsible for quite a few closing costs.

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HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in New Jersey (NJ)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. But have you taken all possible closing costs into account? What are closing costs?

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HomeLight

MAY 24, 2022

Sellers tend to prefer all-cash offers because those deals close more quickly. Byron Ford , an agent in New Bedford , Massachusetts, works with 76% more single-family homes than other agents in his area. He estimates that on a $200,000 house, you could save between $5,000 and $6,000 in closing costs. Real Estate Agent.

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HomeLight

SEPTEMBER 13, 2024

In some states, it’s customary for sellers to pay for their buyer’s title insurance at closing. We’ll walk you through everything you need to know about title insurance with help from top New Jersey real estate agent Adam D’Annunzio , who sells homes 54% quicker than the average agent in his Ocean City market.

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