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Georgia looks to protect residents from title theft with new law

Housing Wire

Under the new law, if a deed or mortgage is filed with the clerk of a superior court for recording by a self-filer i.e., a person who is not an insurance agent, attorney, bank or credit union agent, mortgage lender or servicer, land surveyor or public official it must be submitted via electronic filing.

Title 397
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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.” If the past two decades are any indication, the impending purchase-dominated market will bring discussion of softening margins and higher expenses. How hybrid title and valuations help increase lending efficiency. Streamline by combining services.

Title 468
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ALTA: Protecting property rights with title insurance

Housing Wire

Title insurance is different than most other insurance products. State regulators capture annual revenue and expense data from title insurance agents and underwriters for the purpose of measuring the profitability, competitiveness and reasonableness of title rates and charges. Title insurance remains essential.

Title 493
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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title. The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. Why is a title search necessary for refinancing?

Title 518
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12 Typical Closing Costs for Seller in Alabama

HomeLight

To help you get a clearer picture of the closing costs for sellers in Alabama, HomeLight interviewed a leading Alabama real estate agent to put together this comprehensive guide. Title searches typically cost around $75 to $100 ; sellers and buyers customarily split this fee in Alabama.

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

Housing Wire

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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Has the digital revolution paid off?

Housing Wire

After a few years of nothing less than an automation revolution in the title industry, market uncertainty and declining volume are now testing just how effective our efforts have been. There’s no doubt the title industry has made significant gains in streamlining over the past two years.