Housing Wire

NOVEMBER 26, 2024

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. Historically, these processes involved multiple manual steps and handoffs, resulting in delays and higher costs.

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Housing Wire

MARCH 1, 2024

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability.

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Housing Wire

OCTOBER 27, 2023

The American Land Title Association, alongside our real estate industry partners, are committed to making transactions easier for everyone through consumer education efforts. One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company.

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Housing Wire

OCTOBER 29, 2020

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.

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Due diligence Mortgages Title search Loans 435

Housing Wire

MARCH 2, 2021

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Historically low interest rates in 2020 led to an all-time high in mortgage lending for new loans, but with forbearance moratorium deadlines being extended, some lenders are getting nervous. That’s why we offer our HomeVal hybrid solution.

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Housing Wire

MAY 17, 2023

Consumer loan demand was mixed, with home-equity and used auto loans showing some increased demand over the last few months,” the Federal Reserve Board of Governors noted. Another area to watch is the performance of loans approved through automated processes. Tappable home equity is expected to decrease to a forecasted $18.1

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Housing Wire

APRIL 6, 2021

She received help from family members and was also able to take a loan out against her 401(k) to make up the difference. One California-based real estate agent who originates her own loans told HousingWire that she believes appraisers are being far too conservative in this high-octane market, and are also using bad comps.

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Housing Wire

DECEMBER 14, 2023

Specifically, title and settlement fees have been characterized as a high-burden and regressive (costing proportionally more for low- and moderate-income borrowers) cost to borrowers. The research found that title and settlement fees are neither regressive nor represent a significant component of the overall closing costs.

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Housing Wire

JUNE 24, 2021

Jeremy Wohlford will be the company’s new title examiner. Colliver began her career as a title examiner and manager in the title industry with Fidelity Title. Closing Complex Loans Faster With a Digitized Client Workflow. Wohlford started his career as a county deputy assessor.

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Housing Wire

MARCH 15, 2021

It makes the title firm a good match as Blend looks to scale its operations. How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one? Streamline by combining services. Presented by: Altisource.

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Housing Wire

JUNE 22, 2021

Our FraudGuard alert-based solution uses natural intelligence gained from millions of loan applications and eventual outcomes to assist underwriters to note abnormalities in application data. For example, loans with the highest AI Score, usually about 10% of total application volume, account for 50% or more of total fraud risk.

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Title Title search Loans Mortgages 418

HomeLight

NOVEMBER 1, 2021

Some liens (such as mortgage loans) are voluntary, while other liens (such as tax assessments) are considered involuntary, meaning the lien is placed on the property against the owner’s will. Title search: How to check for property liens. Other title issues, such as a faulty survey. Source: (Surface / Unsplash).

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Housing Wire

MARCH 1, 2021

Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. It’s much more efficient to reach a loan officer and input an application into the pipeline than ever before. Let’s admit it.

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Housing Wire

JUNE 11, 2021

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. Here’s a look at what to expect across three crucial parts of home buying. Home Inspection.

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HomeLight

AUGUST 26, 2020

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. A property title search is an easy way to avoid delays in your closing. What is the property title?

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Housing Wire

JUNE 8, 2023

Fannie Mae dropped a bomb on the title insurance industry in April 2022, when it adjusted its selling guide to allow the purchase of loans using attorney opinion letters (AOLs). Is this a big deal or not a big deal for those of use in the title industry and the real estate industry generally?” Louis this week.

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Housing Wire

APRIL 18, 2022

When the COVID-19 pandemic shut the country down in 2020, title and settlement professionals were deemed essential and continued to help consumers purchase homes and refinance mortgages. Protecting homeowners is always at the center of the title insurance industry’s core values: to lead, deliver and protect. We share these goals.

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Housing Wire

OCTOBER 29, 2021

HW: How has the title process evolved as a result of these conditions? We’ve invested hundreds of millions of dollars in leading-edge title technology – and our teams of top data scientists, inventors and engineers ensure our processes are as automated as possible. HW: What are some misconceptions about instant title?

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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. The result?

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Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. This is a top priority for ALTA.”. In some ways it could cost them more.

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Housing Wire

MARCH 27, 2023

Fannie Mae and Freddie Mac, which have been in conservatorship since 2008, have long required title insurance policies on loans they purchase from lenders. This is because title insurance provides the most comprehensive protection of property rights. Title insurance is regulated at the state level.

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Title Title search Banks Land 321

Realty Biz

DECEMBER 8, 2022

Most people need to get help from a lender to buy a home, and applying for a loan can be difficult at times. With a good credit history and a score that's above 700, you will more easily qualify for a loan and benefit from better rates and terms. We will look at the process of getting a mortgage for the first time. Build Your Credit.

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HomeLight

MAY 28, 2021

You think it’s almost too good to be true when you see one crucial caveat: It’s selling “as-is.” Red flags pop immediately into your head; you assume that can only be a nightmare. But, while it’s true some as-is homes require work only a contractor would dream of taking on, there can be more to these properties than meets the eyes.

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HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with. Source: (Matthew Henry / Burst).

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HomeLight

AUGUST 16, 2021

The mortgage loan process is pretty messy! We’ve made it easy by giving you a detailed checklist of key documents you can expect to collect, see, or sign for your loan. We’ve made it easy by giving you a detailed checklist of key documents you can expect to collect, see, or sign for your loan. Loan application.

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Realty Biz

FEBRUARY 19, 2024

Understanding how big an acre is will be a good start for what you need for land. Being a real estate agent for the last thirty-eight years, I have had numerous experiences selling land. I have sold small building lots to large parcels of land. I have helped developers build and sell entire subdivisions from the ground up.

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Land Due diligence Title search Finance 128

RIS Media

APRIL 8, 2022

Real Estate appraisals are usually completed when homes are bought via mortgage loans. The title search reveals issues. Whenever you’re purchasing real estate, a title search is one of the standard boxes that must be checked. The title needs to be clean. Contingent meaning. These include; .

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HomeLight

OCTOBER 31, 2024

Let’s take a look at which fees might qualify for tax deductions and which can reduce your capital gains taxes. 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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Realtor.com

SEPTEMBER 4, 2020

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. Why a title search is required with a mortgage.

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Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan? Types of USDA loans.

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Loans Mortgages FHA loan Debt-to-income ratio 95

Realtor.com

JANUARY 14, 2021

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? Why a title search is required with a mortgage.

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Title Title search Closing Mortgages 132

Realtor.com

NOVEMBER 28, 2022

when you get a mortgage loan or a credit card). When home buyers get a loan, they often obsess over the annual rate alone—say, that 5% extra you’ll pay every year for the life of your $300,000 loan. APR can also be considered the total cost for borrowing money over a one-year period. Interest rate vs. APR.

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Closing costs Title search Fixed-rate mortgage Loans 122

HomeLight

JANUARY 17, 2024

Here are some common reasons why you might decide to back out of a home purchase: Your loan financing fell through: It’s not uncommon for a mortgage loan to be initially approved but later denied due to changes in your financial situation or lending policies. But what’s the real meaning of backing out of a home purchase?

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Purchase and sale agreement Debt-to-income ratio Title search Finance 111

HomeLight

JULY 31, 2020

Loan approval. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. is not a simple or finite one.

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HomeLight

JULY 11, 2024

If you’re selling an inherited house in Florida, you may be balancing the titling scales of emotions, money, and time. You need to know the outstanding balance, monthly payments, interest rate, and other existing loan terms. A title search will help determine what you need to address, and your next steps.

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HomeLight

DECEMBER 23, 2021

Perhaps the biggest myth is that the title to a home is an actual document stored in a drawer somewhere. So here’s a brief overview to keep the meanings straight when you buy or sell a home: Title is an abstract concept describing someone’s right to legal ownership and use of a property, including the right to sell it. Find Agent.

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Realtor.com

OCTOBER 29, 2020

You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. Clear the title. When you buy a home, you “ take title ” to the property and establish legal ownership—a process that’s confirmed by local public land records.

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