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? We invested close to $1.5

article thumbnail

Georgia looks to protect residents from title theft with new law

Housing Wire

Police are encouraging homebuyers to conduct a title search of a property before they purchase it. In the worst-case scenario, the home goes into foreclosure and/or is deeded to a new purchaser. It is a complicated and expensive process to rectify, if it can be rectified at all, the state attorney generals office said in a statement.

Title 396
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Housing Wire

Here’s what these the leaders of these organizations had to share: “ Traditionally, the insurable title process has been time-consuming and manually intensive, often delaying closings and increasing costs. Historically, these processes involved multiple manual steps and handoffs, resulting in delays and higher costs.

Title 369
article thumbnail

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. Property title searches are performed during the closing process and uncover all available information about a property. Title Insurance. Mortgage Broker Fee .

article thumbnail

ALTA: Protecting property rights with title insurance

Housing Wire

However, most Americans don’t learn about title insurance until they buy their first home and amid the often stressful, frenetic activity of the closing process, homebuyers can be confused about many of the settlement costs and why they need to purchase a title insurance policy. 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 408
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