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Qualia launches wire fraud protection product

Housing Wire

The closing software firm is launching Qualia Shield , a funding and disbursement product for title and escrow companies. Qualia is stepping up its efforts against wire fraud. “Bad actors are continually refining their methods for wire fraud,” Charlotte Brown, the vice president of product at Qualia, said in a statement.

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Agent commissions are being negotiated more often, but it’s a ‘tale of two markets’

Housing Wire

Like with the amount of earnest money deposit or including an inspection contingency, the amount the buyer is asking the seller to pay her agent is a term that impacts the strength of the offer,” Redfin chief economist Daryl Fairweather said in a statement.

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Success Real Estate in Boston mysteriously shuts down

Housing Wire

SUCCESS Real Estate in the Greater Boston area suddenly closed up shop this week. Over the weekend, broker-owner Steve Webster sent a note to his agents informing them that the brokerage was closing, according to a report by Boston 25 News. As the article notes, no one has been accused of a crime at this time.

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JetClosing expands to Austin housing market

Housing Wire

The cloud-based platform, headquartered in Seattle, used for closing on a home in-person or remotely, has seen an increase in use in 2020 with the demand for non-contact closings skyrocketing. In July, the company closed on a $9 million Series B funding round , bringing its total funding to date to $35 million.

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Qualia launches Bank Partner Network for title company customers

Housing Wire

Through Qualia’s network, title firms have access to direct integrations for wires, earnest money deposits, automatic clearing and positive pay, according to the announcement.

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Sun West unveils NFT loan powered by AI technology

Housing Wire

They may close the transaction and transfer the NFT, or if they choose to not honor the trade, they forfeit their earnest money deposit, as customary in any standard real estate purchase.”. To ensure the NFT is traded as agreed, the NFT seller (homebuyer) has two choices.

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5 tips for buying a home in a seller’s housing market

Housing Wire

Waiving a contingency or two can also help, as can a larger earnest money deposit or being flexible with your closing date. . If you really want to stand out, include an offer letter , and make a personal appeal to the sellers (you can even include a photo). The bottom line.