Housing Wire

MARCH 21, 2022

Most title business owners dream of the day they can sell the firm they’ve built for the maximum multiple. Although it might be their dream to sell, title business owners cashing in on the decades of blood, sweat and tears they spent building their businesses often face challenges. to ensure your vision is objective.

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Housing Wire

APRIL 16, 2021

As the refinance wave gives way to a purchase market, consolidation is already upon us – even in the title industry. Even someone who’s done this before can always stand to have a little expert help when dealing with entities as complex as title companies in this regulatory scheme. The post M&A in the title industry?

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Housing Wire

FEBRUARY 19, 2025

Offers: Outline how making a competitive offer will work, including how price, contingencies, due diligence funds, and earnest money will impact how the seller views an offer. Coordinate with all parties: Maintain an open line of communication with all parties, including agents, lenders, attorneys and title companies.

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Closing Due diligence Earnest money deposit Pre-approval 372

Housing Wire

MAY 26, 2023

Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We The scammer then impersonates the notary and returns falsified documents to the title firm or closing attorney involved in the transaction. The title firm then transfers the closing proceeds to the scammer.

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Housing Wire

MARCH 15, 2024

After all, a successful affiliated title operation brings not only the potential for new business but, done well, an opportunity to control more of the transaction, bringing with it the possibility for improved customer experience and better cost controls. Not to mince words: title is hard. Instead, they’re leaving money on the table.

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Housing Wire

MAY 20, 2022

That’s why due diligence is a critical element of every mortgage transaction. The purpose of due diligence is to protect lenders by reviewing and verifying all information provided by borrowers to eliminate fraud and other concerns. Of all the factors required for a due diligence review, accuracy is the most critical.

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Housing Wire

DECEMBER 6, 2023

In the letter addressed to FHFA Director Sandra Thompson , the CHLA says that it supports the use of AOLs in lieu of title insurance , “in conjunction with Enterprise mortgage loans, subject to reasonable standards.” We are not asking [to] supplant title insurance, we are asking to try to create this as an option.”

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Housing Wire

FEBRUARY 5, 2021

They offer HomeVal, a Premium Title and Springhouse® Valuations’ Hybrid solution, providing a full suite of customizable, low cost products delivering precise title search, property photos and valuation data with greater speed and ease. Economical due diligence solutions for HELOC lenders, servicers and investors. #3.

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Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: How do Trelix services help users minimize risks and perform loan due diligence?

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Due diligence Mortgages Title search Loans 435

Housing Wire

MAY 22, 2023

Setpoint , a real estate funding platform, acquired Resolute Diligence Solutions to support proptech and single-family rental re-engagement in the market, the firm said.

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Housing Wire

MARCH 23, 2021

In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements. Wherever there is commerce, there will be fraud, and the mortgage industry is no exception.

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Lending Mortgages Due diligence Debt-to-income ratio 476

Housing Wire

APRIL 24, 2024

Name Job Title Company Name A.T. Congratulations to the 2024 Rising Stars!

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Housing Wire

SEPTEMBER 25, 2024

It accuses Grella of acting to defame Kortas, and it includes claims of tortious interference after Grella allegedly sent messages to the broker, seller and title company, which stated that the company was not authorized to purchase a five-acre airplane hangar leasehold in Mesa, Arizona. NEXA fired back by filing a countersuit.

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Mortgages Due diligence Brokerage Loan Officer 435

Housing Wire

FEBRUARY 7, 2022

With refi transactions lenders typically work with a smaller pool of hand-picked title companies and settlement agents. By sending a large volume of loans to this small pool of vendors other important aspects of the relationship are easier to manage such as due diligence, data management and score carding of performance.

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Loans Due diligence Title Technology 370

HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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Housing Wire

MAY 13, 2022

Likewise, government applications of a given DLT + blockchain (smart contracts) are redefining how title is recorded and transferred. For example, the DLT and smart contract structure for trade transaction settlement are encapsulated by the vested industry actors. Distributed Ledger Technologies are the Backbone of Blockchains.

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Due diligence Technology Title Banks 371

AAOA

MARCH 20, 2025

Due diligence is a critical step in purchasing real estate. This includes performing physical due diligence on the building, financial due diligence by reviewing financial records and all the paperwork, and legal due diligence to ensure everything is in order from a legal perspective.

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Housing Wire

APRIL 12, 2023

Among those targets were a Memphis-based real estate company and a title company in Washington state that combined were swindled out of more than $200,000 through the scam. The victims targeted can be lenders, real estate agents, title companies and other escrow agents, attorneys as well as homebuyers and sellers.

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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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HomeLight

DECEMBER 23, 2021

House deed vs. title: what’s the difference between the two? Perhaps the biggest myth is that the title to a home is an actual document stored in a drawer somewhere. 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. Find Agent.

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Realty Biz

MARCH 15, 2021

Without middlemen involved with each blockchain transaction , there’s less back-and-forth so the entire settlement process becomes much faster, with reduced title costs and legal fees. Smart contracts can also improve due diligence, save on costs, and reduce the likelihood of fraud, payment disputes, and many other issues.

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Technology Due diligence Title Marketing 145

HomeLight

FEBRUARY 20, 2025

Not all purchases are the same, and waiving an appraisal contingency without doing your due diligence first may cost you more money down the line. Title contingency: The sale of the home is contingent on the title search showing no issues or concerns. However, this approach can be risky.

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The Close

NOVEMBER 7, 2024

Do your due diligence on the property, and show up ready to bid. Visit Zillow Step 4: Evaluate Potential Properties Once you’ve spotted potential real estate investment properties, you must dig into the details before moving (aka due diligence). If you flip the property, you can pay them from the proceeds.

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Hard money loan Purchase and sale agreement Investor Due diligence 98

HomeLight

SEPTEMBER 21, 2023

Before the settlement — when you start signing documents — you’ll have to get through what’s called an “inspection period” or “due diligence period,” depending on where you live. Luckily, a real estate agent can help you every step of the way.

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Closing Due diligence Inspection Title 119

HomeLight

JUNE 23, 2022

It is usually held in the broker’s or title company’s trust or escrow account until closing. Issues that arise during due diligence. Most contracts include a due diligence deadline anywhere from seven days to two weeks after the agreement date. Title search reveals a lien or ownership issue.

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Realty Biz

FEBRUARY 19, 2024

However, the process involves intricate steps, from understanding zoning laws to securing financing and conducting due diligence. Careful due diligence is necessary to ensure you don't make any significant mistakes. Conducting thorough due diligence is the cornerstone of a successful land purchase.

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Realty Biz

JUNE 15, 2022

Performing due diligence is vital when purchasing a home. Do some due diligence to ensure something can’t be developed that could be detrimental. Is The Title Clear? When buying any property it is crucial to have a title search performed to make sure there is a clean title.

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Realty Biz

OCTOBER 12, 2021

Real Estate agents refer to this as the due diligence period in real estate. Title Search. A title search is often a standard step in the home purchase process. When buying a home and doing your due diligence, the first place you should start is with your real estate agent.

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CT Homes

NOVEMBER 24, 2020

When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in. The more complex a project, the more time a buyer may need to perform due diligence. Long (Unnecessary) Inspection Periods.

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Brownstoner

JUNE 20, 2022

Cornerstone Land Abstract Principal and Executive Vice President Dorian Lam reveals title issues that can torpedo a real estate deal, the best way to approach due diligence, and whether you can buy real estate with cryptocurrency.

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The Close

NOVEMBER 12, 2024

As part of your due diligence, here are some factors to explore when purchasing land. When considering how to buy land, pay for a title examination and get title insurance through a title or escrow company or real estate lawyer. Title insurance protects your interest in the property in a dispute.

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HomeLight

OCTOBER 30, 2020

Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it. The title isn’t clear. However important title searches are, they can reveal issues that delay closing. Source: (mizar_21984 / ShutterStock).

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HomeLight

AUGUST 31, 2021

This will likely take the form of a cashier’s check or wire transfer to be held in escrow by a third party — such as a title company — while you wait to close. Once you’re under contract on your home-to-be, your due diligence clock starts ticking. Check on the title review. Order an inspection.

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HomeLight

APRIL 30, 2021

Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. Because of the due diligence involved with issuing mortgages, it takes a lot longer to close on a home with one.

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HomeLight

OCTOBER 29, 2021

House inspections, possible renegotiations with the seller, an appraisal, a title review, and approval of your mortgage applications are just some of the events that go on during the closing process. Step 1: Find a title company or lawyer to open an escrow account for you. Step 2: Title review starts.

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Realty Biz

NOVEMBER 17, 2020

This will be considered legally valid for 10 years, and you might be able to find previous surveys on your property through a title company. ALTA (American Land Title Association) Surveys. A title company might need it before they will issue title insurance. Different Types of Surveyors.

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HomeLight

FEBRUARY 28, 2022

I try to make sure my sellers are aware of the value we add from negotiating the details, getting through due diligence, making sure that the title company is doing their job and that we’re closing on time. We are getting our seller from point A to point B. We are getting our seller from point A to point B,” Whitner says.

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