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Opinion: More can be done to shorten the average time to close

Housing Wire

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing , there are a lot of complex (and honest) answers. But there’s also room for improvement.

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Purchase market will highlight closing process problems

Housing Wire

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. Should the appraisal come in lower than the contract price, the closing process may be impacted.

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Opinion: More should be done to shorten the average time to close

Housing Wire

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. When asked why it takes an average of six to seven weeks to get to closing, there are a lot of complex (and honest) answers. There’s an entire industry built upon the “What’s next?”

Closing 459
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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. Diane Tomb, ALTA CEO Contributor.

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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.

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Punctual Abstract acquires Slade Title Research

Housing Wire

According to Punctual Abstract, the company, which was founded in 1993, typically provides abstracts within 24 to 48 hours from the start of the title search. of the market controlled by the “Big Four” away it will need to continue to develop these assets. If the company hopes to wrestle any share of the 80.3%

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