Housing Wire

MARCH 10, 2021

Digital closing platform Qualia announced Wednesday the release of “Qualia Scale,” a software program that allows proptech companies to attach title & escrow to their core offerings. How hybrid title and valuations help increase lending efficiency. It’s the second proptech offering created by Qualia.

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Housing Wire

MARCH 15, 2021

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. At the time, that transaction closed for just $36 million in cash. Presented by: Altisource.

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Housing Wire

MARCH 4, 2021

“With their industry-leading notary panel and technology platform, Signature Closers is the perfect addition to our digital capabilities, advancing our strategic vision of accelerating, securing, and simplifying the title and closing process for our customers,” said Stewart CEO Fred Eppinger. Streamline by combining services.

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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. It’s also a selling point to your potential lending clients.

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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

MAY 27, 2021

In 2019, Gorkem received the October Research Award, given annually to professionals showing exemplary accomplishment in the title, underwriting, lending and settlement services industries. It’s been a busy month for SoftPro, which in early May announced an integration with title automation company DataTrace.

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Housing Wire

MARCH 26, 2021

“The organic growth that Proper Title has been able to achieve in one of the most competitive markets in the country is proof that this company does it differently and better, and this is what attracted me to this opportunity,” Hoffman said. 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. How hybrid title and valuations help increase lending efficiency. Why use several vendors for title searches, appraisals and underwriting when you can use one? Linda plans to move into the new house later this spring.

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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

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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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. Seller FSBO closing costs.

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HomeLight

APRIL 12, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Massachusetts (MA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. Massachusetts closing costs for homebuyers tend to run approximately 2.5% What are closing costs?

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HomeLight

JANUARY 12, 2022

How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Average time to close.

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RIS Media

APRIL 8, 2022

Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . The lending institution can also stop the transaction. . The title search reveals issues. The title needs to be clean. Low appraisal.

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Redfin

APRIL 13, 2021

But what if you recently bought a home, are closing costs tax-deductible? Before answering that question, it’s a good idea to understand what closing costs are and what is typically included in them. What Are Closing Costs? Closing costs are the fees you pay when you obtain a mortgage loan. Title Search.

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HomeLight

JULY 29, 2022

Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Problem: There’s an issue with the Closing Disclosure.

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HomeLight

DECEMBER 23, 2021

Essentially, title and deed are both related to the important question of who truly owns a particular piece of real estate and has the rights to it. Let’s take a deeper look at what a house title is; the different types of deeds used in real estate; and related terms including chain of title, title search, title insurance, and title abstract.

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HomeLight

JANUARY 17, 2024

This decision can occur at various stages – after an offer is made but before it’s accepted, after signing a purchase agreement, or even days before the closing. An issue was discovered in the title search: Unresolved liens or legal complications revealed in the title search can make the property less desirable or even unsaleable.

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Realtor.com

DECEMBER 5, 2022

Many sellers may already be aware of liens filed on their property, but some may come as a surprise, says Barbara Carrollo-Loeffler , director of consumer and residential lending at Provident Bank in Jersey City, NJ. Pay the lien or agree to pay the lien at closing with the proceeds from the sale of the home.

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HomeLight

MARCH 9, 2022

When buying a home, taking a peek into the history of the property is an important part of the closing process. This step is commonly referred to as a title search , title review, or property history search — but by any name, it involves delving into the formal records of a home and the property on which it sits.

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Realty Biz

AUGUST 12, 2023

Closing Costs : Fees and other costs that need to be paid when closing on a house. These can include title search fees, appraisal fees, attorney fees, and more. Pre-Approval : A written commitment from a lender stating the amount they are willing to lend to a borrower. Common terms are 15, 20, or 30 years.

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Lighter Side of Real Estate

AUGUST 5, 2020

If you haven’t actually qualified for financing, you should hold off on going to look at houses with a real estate agent (or even going to open houses), since there’s no guarantee that a mortgage company can lend you the money. Make a big purchase or take out new debt before the closing.

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Redfin

MARCH 3, 2022

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

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Realty Biz

FEBRUARY 19, 2024

Can you imagine buying a lot only to discover it has crept too close to the neighboring lot line? The real estate attorney you are using should conduct a title search to ensure no liens against the property. Banks, credit unions, and specialized lending companies offer land loans. That would not be pleasant.

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HomeLight

JANUARY 5, 2022

Having pre-approval can save you from the frustration of going through a home inspection and appraisal processes only to discover your friend can’t get a mortgage (though, pre-approval is not a guarantee to lend, and financing can still fall through). Most buyers opt to have a home inspected before closing. Edward Kaminsky.

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Point2Homes

OCTOBER 21, 2020

Even if you’re already aware of a mortgage lien, it’s always best to conduct a title search on your property prior to the sale, to make sure that there aren’t some you might have missed, such as HOA liens, sidewalk liens, and even just parking violations. The Buyer Can Try to Negotiate a Lower Price. So you might find yourself in luck.

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Realty Biz

JULY 1, 2023

The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage. This stage involves working closely with a mortgage lender or financial institution to assess eligibility and secure a suitable loan.

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HomeLight

JULY 31, 2022

Some states require that a real estate attorney be involved in every home closing while other states allow real estate agents and title companies to handle it. South Carolina, where Rhyne practices, is one of the states that requires a real estate attorney to conduct real estate closings in person. Title contingency.

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Realty Biz

JANUARY 20, 2023

You'll need to provide documents such as: Valid ID and Social Security number Recent pay stubs W-2 or I-9 forms from the past two years Federal tax returns Recent bank statements Details on long-term debts like car or student loans Your loan officer, mortgage broker, or home lending advisor sends this information to the underwriter.

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Realtor.com

JANUARY 2, 2023

. “Builders often maintain relationships, partnerships, or even wholly owned subsidiaries whose primary focus is to help borrowers find better lending options,” says Haines. Plus, title companies that work with builders tend to do “batch” title searches on the new parcels in a community all at once.

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Rent, Buy & Sell

JANUARY 20, 2023

Typically a recession brings lower lending costs overall, but you should still pursue the best option. These searches are important because they verify that the home’s title has no issues. Be Patient If you want to get a home for as little money as possible, prepare yourself for a lengthy closing process.

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HomeLight

MAY 27, 2021

You’ll also need money for other costs that come with buying a home, from paying for a home inspection to covering the various fees you’ll be charged at closing. Average closing costs in 2020 were $6,087, including prepaid taxes, according to ClosingCorp data. Title search. How much money do you need to save?

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Point2Homes

DECEMBER 7, 2020

This should show you how much you can afford to spend on mortgage payments and reveal how much a bank is likely to lend to you. This will mean that your purchase won’t go to closing until a home inspection has been satisfactorily completed. In this case, having an attorney run a title search will be critical.

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HomeLight

AUGUST 31, 2021

It’s the moment when you can’t bear to see another piece of paper related to your home sale that you’ll receive the settlement statement — also known as a closing statement in real estate. Sellers can expect to pay between 6%-10% of the final sale price in commissions and closing costs, so it’s nice to see exactly where that money is going.

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HomeLight

JUNE 7, 2022

followed closely by “What do I need to do to apply for a mortgage?”. Preapproval matters because it tells you how much a lender is willing to lend you which dictates a budget for your home search. While also not a guarantee that the loan will close, a preapproval is one step closer than a prequalification. Preapproval.

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HomeLight

OCTOBER 29, 2020

We’ll explore what buyers can do to help strengthen a contingent offer and secure a spot at the closing table. That’s why financed offers come with appraisal contingencies — the loan can’t clear until the home has been appraised and the lender knows they’re not lending you too much for the home. Source: (JJ Badenhorst / Unsplash).

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

JULY 26, 2022

At this stage, you’ll want to shop around and get preapproved by at least two different lenders to compare interest rates , closing costs , and terms. If the owner isn’t offering to pay a buyer’s agent commission, Allen says the buyer can agree to put the commission on their side of the closing costs. Jesse Allen. Real Estate Agent.

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