Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. 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.

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Lending Mortgages Due diligence Debt-to-income ratio 476

Housing Wire

OCTOBER 27, 2023

The American Land Title Association, alongside our real estate industry partners, are committed to making transactions easier for everyone through consumer education efforts. One of the most important roles we play at ALTA is strongly encouraging buyers to shop around for their title insurance company.

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Housing Wire

MARCH 1, 2024

While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry. The title industry embraces efforts to help increase homeownership accessibility.

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Title Title search Industrial Closing costs 467

Housing Wire

JUNE 24, 2021

Colliver began her career as a title examiner and manager in the title industry with Fidelity Title. Closing Complex Loans Faster With a Digitized Client Workflow. Since 2000, TitleWave has delivered more than 6 million title search reports to over 12,000 customers, the company said.

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Housing Wire

OCTOBER 29, 2020

But what makes us the most unique value proposition is that we are part of Altisource Portfolio Solutions, an integrated service provider and marketplace for the real estate and mortgage industries. That gives us the ability to offer a span of comprehensive proven product options throughout the entire loan lifecycle.

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Due diligence Mortgages Title search Loans 435

Housing Wire

MARCH 15, 2021

Why use several vendors for title searches, appraisals and underwriting when you can use one? Together we have the power to simplify the process for real estate agents, lenders and servicers, insurers, and others, by leveraging our industry expertise to offer a seamless experience for consumers.”. Presented by: Altisource.

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Housing Wire

DECEMBER 14, 2023

The research found that title and settlement fees are neither regressive nor represent a significant component of the overall closing costs. The research also finds that title and settlement fees increase with loan amount (a 1% increase in loan amount is associated with a $7.41 increase in fees).

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Title Closing costs Loans Title search 459

Housing Wire

APRIL 6, 2021

She received help from family members and was also able to take a loan out against her 401(k) to make up the difference. One California-based real estate agent who originates her own loans told HousingWire that she believes appraisers are being far too conservative in this high-octane market, and are also using bad comps.

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Housing Wire

SEPTEMBER 30, 2020

Since the pandemic hit, lenders have been shifting operational processes to meet the changing loan needs of their customers. Altisource believes in helping clients stay ahead of changing industry demands and challenges with innovative solutions and technology. Altisource is here to help. INTEGRATED VALUATION SERVICES.

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Housing Wire

APRIL 18, 2022

Recently there have been misleading claims regarding the lack of conformity in title fees. As I’ll explain, there is rigorous regulation of our industry and federal disclosure requirements for all fees associated with obtaining a mortgage. Title insurance is much different than other insurance products. We share these goals.

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Housing Wire

JUNE 22, 2021

Our FraudGuard alert-based solution uses natural intelligence gained from millions of loan applications and eventual outcomes to assist underwriters to note abnormalities in application data. For example, loans with the highest AI Score, usually about 10% of total application volume, account for 50% or more of total fraud risk.

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Title Title search Loans Mortgages 418

Housing Wire

JUNE 8, 2023

Fannie Mae dropped a bomb on the title insurance industry in April 2022, when it adjusted its selling guide to allow the purchase of loans using attorney opinion letters (AOLs). Is this a big deal or not a big deal for those of use in the title industry and the real estate industry generally?”

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Title VA loan Title search Commercial 370

Housing Wire

MARCH 1, 2021

Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. Like it or not, the most nerve-wracking part of buying or selling a home comes when the “file” heads out to the title and escrow company.

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Housing Wire

OCTOBER 29, 2021

We continually monitor volumes, market nuances and industry trends to ensure our products – and our staff – meet our clients’ needs. At ServiceLink, we’re flexible with our offerings and can scale up or down as necessitated by industry conditions. This scalability includes our industry-leading signing agent panel.

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Title Title search Equity Inspection 303

Housing Wire

APRIL 1, 2021

ServiceLink’s tech-enabled title solution, EXOS Title, combines cutting-edge technology and superior customer service with a nationwide footprint – ultimately getting lenders and their clients to the closing table faster. EXOS Title offers strict adherence to local, state and federal regulatory guidelines.

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Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. It is also the third-biggest source of claims in our industry right now.

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Housing Wire

MARCH 27, 2023

The title insurance industry continued to pay out claims, many fraud-related, despite a severe recession. Fannie Mae reportedly moving beyond their mission and into the title insurance business raises significant alarm bells. This is because title insurance provides the most comprehensive protection of property rights.

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Title Title search Banks Land 321

Realtor.com

JANUARY 14, 2021

Holding a title insurance policy means you and your mortgage lender are protected against any financial loss or title issues due to liens, disputes between prior owners over wills, clerical problems in courthouse documents, or fraudulent claims against the property or forged signatures. Why a title search is required with a mortgage.

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Marco Santarelli

DECEMBER 29, 2024

Mortgage News This Week In the week ending December 22, 2024, there has been a notable increase in mortgage rates, pushing 30-year fixed-rate loans to an average of 6.91%. How to Get the Best Mortgage Rate Navigating the mortgage process requires understanding the different types of loans and knowing how to secure the best rates available.

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Realty Biz

FEBRUARY 19, 2024

Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land. If traditional loans are unattainable, explore alternatives like seller financing, personal loans, or partnering with investors. There are mainly three types: raw land loans, unimproved land loans, and improved land loans.

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Land Due diligence Title search Finance 128

RIS Media

APRIL 8, 2022

Real Estate appraisals are usually completed when homes are bought via mortgage loans. The title search reveals issues. Whenever you’re purchasing real estate, a title search is one of the standard boxes that must be checked. The title needs to be clean. Low appraisal.

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

RIS Media

SEPTEMBER 21, 2020

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. The fee, usually 0.3 – 1.5

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Pre-approval Pre-qualification Title search Inspection 90

Real Trends

MARCH 9, 2022

When property is transferred from one owner to another, there may be undiscovered tax liens, forged signatures, recording errors, undisclosed easements, title claims or other defects. Despite strides made by technology to streamline the process of title searches, the title industry remains a people-centered industry.

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HomeLight

OCTOBER 30, 2020

Maybe you aren’t using a loan, but you can still run into cash flow issues. Financing and appraisal contingencies give the buyer an out if their lender determines that it will not finance the property, based either on the loan underwriting or the results of the appraisal. The title isn’t clear.

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HomeLight

JANUARY 31, 2025

True closing costs refer to various fees like title insurance, escrow fees, and transfer taxes, separate from the commission paid to the agents involved. That said, many real estate industry professionals will refer to agent commissions as a closing cost to help sellers better understand their expenses and plan their budgets.

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HomeLight

NOVEMBER 21, 2024

When you refinance, you take out a new loan, which usually involves significant closing costs. This means that if you refinance a $300,000 loan, you might spend $9,000–$18,000 in closing costs. Compare your current loan terms with the new offer. Closing costs on a refinance typically range from 3%–6% of the loan amount.

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RIS Media

APRIL 18, 2022

How deeply is it impacting our industry? The customer is at the center of everything we do, and programs we’ve added—like the “buy before you sell” and bridge loan options—open up viable new customer options while keeping the agent relevant. So, what are the pros and what are the cons of the iBuyer strategy? Hoby, how do you see it?

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Realty Biz

SEPTEMBER 14, 2023

Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral. Lawyers do this by performing a title search. Can a Real Estate Attorney Assist with Mortgage Loans?

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Purchase and sale agreement Title search Title Earnest money deposit 98

HomeLight

AUGUST 31, 2021

However, as those forbearances end toward the later part of 2021, foreclosures will likely become more readily available and may even hit the market in droves, says Florida real estate agent Christina Griffin , who has 20 years of experience in the industry. Your home needs to meet the property requirements required by your loan type.

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Realty Biz

AUGUST 20, 2023

This thorough assessment determines how much you can borrow, which loans you may be approved for, and the potential interest rate. It is one of the most significant steps in preparing to get a home loan. Compare interest rates and loan terms offered by various lenders. Otherwise, you may need to apply for a bad credit home loan.

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Pre-approval Debt-to-income ratio Mortgages Loans 94

HomeLight

AUGUST 31, 2021

Yes, a settlement statement is the same as a closing statement, though “settlement” is the formal term most likely to be used by the real estate industry. The Closing Disclosure is issued by the buyer’s lender, and is designed to be compared to the Loan Estimate, which is the first estimate of fees the buyer gets when they borrow money.

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The Residential Specialist

JUNE 23, 2020

There’s a lot of fear about industries fully automating and kicking workers to the curb, but real estate is one of those industries that needs a human-to-human connection,” says DelRose, director of marketing for The Mike DelRose Team, a RE/MAX Revolution office in Watertown, Massachusetts. REALTOR ® Mike DelRose Jr.

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HomeLight

MARCH 31, 2022

On this sheet, most of the figures are based on selling a home with a conventional loan. Title insurance. Title search fee. Your listing agent may craft a seller’s net sheet with an Excel spreadsheet, a software package designed for the real estate industry, or even an online form or calculator. Credit report fee.

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Closing Purchase and sale agreement Title Title search 105

HomeLight

DECEMBER 2, 2021

Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. In Kentucky, for example, the buyer typically pays for both the owner’s and lender’s title insurance policy and title search.

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HomeLight

OCTOBER 20, 2022

The buyer’s lender will probably require their own appraisal as part of their loan approval process. Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling.

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Purchase and sale agreement Pre-approval Inspection Title 111

HomeLight

JULY 31, 2021

The San Antonio real estate market draws investors with its consistent housing stock, variety of industries, and steady influx of residents. Some, however, are ready to move immediately, in which case we are limited by the bandwidth of the title company to complete the title search process and get all the documents together.”.

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HomeLight

FEBRUARY 14, 2022

This includes perspective from Margaret Labus , a real estate agent in the Lake Geneva , Wisconsin, area, who has 18 years of industry experience. Have a home inspection completed, order a title search , and — we can’t stress this enough — get everything in writing between you and the seller. Rent-to-own for the flexibility.

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Purchase and sale agreement Due diligence Finance Equity 109