Housing Wire

MARCH 28, 2024

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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Housing Wire

JUNE 11, 2021

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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Housing Wire

NOVEMBER 22, 2023

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?”

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Housing Wire

DECEMBER 16, 2022

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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Housing Wire

NOVEMBER 1, 2021

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. If the company hopes to wrestle any share of the 80.3% of the market controlled by the “Big Four” away it will need to continue to develop these assets.

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Housing Wire

JUNE 21, 2022

In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment. Professionals conduct the search and examine documents, with title companies regularly providing a discount, or “reissue rate” on a refinance.

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HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? 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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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

JUNE 7, 2022

New York-based AmTrust Title Insurance Company on Tuesday introduced MidPoint , its new title closing solution enabling title agents to work outside their geographic areas to serve clients nationwide. AmTrust Title is a wholly owned subsidiary of AmTrust Financial Services, Inc.

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Housing Wire

FEBRUARY 14, 2023

Qualia The Qualia technology infrastructure for title & escrow companies, lenders, title insurers, and service providers enables each party to complete their own unique tasks required for a closing and exchange information in real time, standardize and automate back-and-forth workflows, and collaborate with one another in a way never before possible. (..)

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Housing Wire

MAY 5, 2021

Title automation company DataTrace has announced an integration with SoftPro , a real estate closing and title software company, which will allow SoftPro users to access over 560 title plants, nationwide tax and recorded property data, and more than 7 billion document images.

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Housing Wire

APRIL 11, 2023

They ensure that all conditions of the sale have been met and manage the disbursement of funds at closing. What are the typical steps involved in the title and escrow process? Once the title process results in a clear-to-close status, the escrow company creates a schedule of fees. How has technology impacted the industry?

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Housing Wire

MARCH 31, 2021

That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title. This slows the search and underwriting processes, makes them more prone to errors and delays closings at the expense of the homebuyer.

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Housing Wire

OCTOBER 12, 2022

Payload, a fintech company focusing on automated payments with API architecture, on Tuesday announced a partnership with technology services provider Premier Data Services , to launch an integration with SoftPro, an escrow and closing software.

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Housing Wire

OCTOBER 27, 2023

Since 2015, ALTA has provided education through Home Closing 101, a consumer-focused website that provides information about the closing process, how they can protect their property rights, how to file a claim, and how to find a title company. It’s important the buyer asks how the closing/settlement will be handled.

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Housing Wire

JUNE 24, 2021

Closing Complex Loans Faster With a Digitized Client Workflow. Join this webinar for a discussion on changes in market demographics, suppliers and how focusing on customer experience and taking a few simple steps during the mortgage loan process can close deals 3x faster. Wohlford started his career as a county deputy assessor.

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Housing Wire

MARCH 2, 2021

Add the fact that lenders are not only dealing with a remote workforce these days, which is an operational challenge in itself, they are also facing a major shortage of qualified appraisers, underwriters and other operational staff in certain markets, which could cause even longer closing delays. It’s easy to see why.

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Housing Wire

MAY 21, 2021

Texas-based technology company RamQuest announced its title and closing digital network — called “Closing Market” — has integrated with SearchCONNECT , an affiliate of Investors Title and National Investors Title Insurance Company , which provides search solutions in Florida, Georgia, South Carolina, Tennessee and Virginia.

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Realty Biz

DECEMBER 15, 2021

When you’re buying a home, you’ll need a title search so that you can get title insurance. Title searches can also reassure buyers, making sure there is a smaller chance of problems with the title later on. We will take a look at the things you need to know about a title search and how it works.

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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 8, 2022

On Tuesday, Farmington, Michigan-based ATA National Title Group announced its acquisition of Absolute Title on Tuesday. The firm will be rebranded as Absolute Title Agency. The transaction closed on February 18 and the terms of the deal were not disclosed. We have long targeted the Ann Arbor area for expansion.”.

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Housing Wire

MARCH 29, 2021

Qualia announced Monday a new integration with title automation company DataTrace , giving Qualia Marketplace users direct access to DataTrace products and services without leaving the platform. DataTrace provides title search and automation solutions to the title and settlement service industries.

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Housing Wire

APRIL 1, 2021

Qualia, a digital real estate closing platform, brings all of these parties together onto one secure platform to deliver a best-in-class home buying and selling experience. Qualia’s suite of products make home closings more transparent, efficient, and secure. Joel Gottsegen, Co-founder. Nate Baker, CEO.

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Housing Wire

MAY 11, 2023

The Flueid Decision integration, built on the Encompass Partner Connect API Platform, provides greater transparency and awareness of the property’s title condition from borrower engagement through closing, according to the company.

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Housing Wire

AUGUST 6, 2021

So while you might eventually save money from refinancing, you’ll also spend money on closing costs. There’s also a chance your lender will require another title search and title insurance, which would add to your costs. Not to mention, If you’re planning on moving, you probably shouldn’t refinance.

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Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies.

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Housing Wire

MARCH 30, 2021

“Working closely with our clients, we’ve successfully cut down on transaction times and cost, all while increasing much needed predictability and transparency.”. In September, the companies announced a joint project to offer cost-effective title insurance. Spruce raised $19 million in its series A round in 2018.

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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

DECEMBER 5, 2022

Of the 421 respondents, 44% closed transactions in the South, 20% in the Midwest, 19% in the West, 15% in the Northeast and 1% in the U.S. Digital closings continue to evolve – What title companies need to know. They are selling, closing, searching, doing exams, and they are feeling overwhelmed and underappreciated.”.

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Housing Wire

APRIL 18, 2022

The American Land Title Association (ALTA) and its members worked closely with the Consumer Financial Protection Bureau (CFPB) to help develop regulations for TRID, which went into effect in 2015. Research released in 2020 by the CFPB showed TRID has helped consumers better understand their costs when closing on a home.

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HomeLight

NOVEMBER 1, 2021

Title search: How to check for property liens. A title search investigates a property’s ownership and may reveal the existence of what’s referred to as a cloud, or title inconsistency. An early title search allows you to resolve complications ahead of time for a smoother sale. Murow agrees.

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Housing Wire

MARCH 15, 2021

Subject to closing conditions, Blend anticipates to finish the deal by the end of the second quarter in 2021, leaving nearly 10% ownership interest to Mr. Cooper upon deal completion. At the time, that transaction closed for just $36 million in cash. How hybrid title and valuations help increase lending efficiency.

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Housing Wire

APRIL 17, 2023

Many companies are now using AI and machine learning to search traditional and non-traditional property data sources — reducing the time required for a manual title search. Strides in technology have also made closings more accessible. Some companies are also using AI to automatically route mortgage payoffs.

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Housing Wire

DECEMBER 14, 2023

In 2023, Fannie Mae and Freddie Mac announced plans to make it easier to buy a home and close the racial homeownership gap in the United States. The research found that title and settlement fees are neither regressive nor represent a significant component of the overall closing costs. In fact, neither is true. increase in fees).

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Housing Wire

MARCH 31, 2022

However, the actual home buying transaction experience all the way through closing has been essentially untouched even though consumers cite it as one of the most stressful and confusing parts of the homebuying journey. Over the last 20 years, finding a home and applying for a mortgage have become highly digitized.

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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. My recommendation for lenders is applicable to the title industry, too.

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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. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

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