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How Mortiles use technology and vendors services to push title searches into the future

Housing Wire

What drew you to the title search industry? Erich Wiedel: When I was in high school, a friends brother-in-law owned a mortgage company, and I got a job as a loan officer. They launched an in-house title company and I was fortunate to be mentored by Derrick & James, the title attorneys there who took me under their wing.

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Transforming the mortgage and real estate process: Insights from Tech100 leaders

Housing Wire

From streamlining title verification to enabling collaborative loan processing and automating key title production tasks, these leaders are helping shape a faster, smarter, and more efficient housing market. It’s a game-changer for an industry often bogged down by outdated, siloed processes.

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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title. The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. Why is a title search necessary for refinancing?

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Why lenders should be asking for a title check at loan application

Housing Wire

As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to discuss why mortgage lenders should be asking for a quick, data-driven title check at loan application, rather than an instant title commitment, to understand and verify what’s going on with a property and consumer from the start.

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ALTA: Protecting property rights with title insurance

Housing Wire

Title insurance is different than most other insurance products. There are also strict guidelines for the way title and settlement fees are disclosed to consumers and when changed circumstances allow for alterations to the disclosures. The buyers purchased title insurance, which turned out to be an excellent investment.

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Purchase market will highlight closing process problems

Housing Wire

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. With a purchase market, of course, comes higher production costs and weaker margins. The process in between is, for them, quiet and mysterious.

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How hybrid title and valuations help increase lending efficiency

Housing Wire

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HousingWire: What are some due diligence and underwriting challenges loan originators face today?

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