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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Housing Wire

AUGUST 6, 2021

Refinancing means taking out a new mortgage loan and replacing it with your current one. With a lower interest rate, homeowners pay less in interest and can even shorten the length of their loan. There’s also a chance your lender will require another title search and title insurance, which would add to your costs.

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Housing Wire

MARCH 2, 2021

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Historically low interest rates in 2020 led to an all-time high in mortgage lending for new loans, but with forbearance moratorium deadlines being extended, some lenders are getting nervous. It’s easy to see why. Altisource does.

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Housing Wire

MARCH 23, 2021

One emerging form of fraud we have seen plaguing our industry has nothing to do with the loan manufacturing process, but rather with the labor used to generate the loans. Given the historic volatility of 2020 (driving loan demand) and the search for elusive industry experience, underwriters have become a prized catch.

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Housing Wire

OCTOBER 27, 2023

There are many factors to consider when selecting a title company, including local expertise, service standards, market conduct, and commitment to the community. Using Home Closing 101, consumers can contact local title agencies to compare rates and find a company that feels like the best fit for them.

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Housing Wire

OCTOBER 29, 2020

We offer a span of comprehensive product options throughout the entire loan lifecycle and help manage loans from start to finish, including title searches, processing, underwriting, closing and disposing of them and even take them into the post-closing and servicing process. Security is a major priority for us too.

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Housing Wire

MAY 17, 2023

“Consumer loan demand was mixed, with home-equity and used auto loans showing some increased demand over the last few months,” the Federal Reserve Board of Governors noted. Another area to watch is the performance of loans approved through automated processes.

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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.

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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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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

MARCH 1, 2024

Additionally, recent research by First American found that title and settlement fees account for less than 1% of a borrower’s total life-of-loan costs , indicating that title insurance fees are one of the smallest portions of the equation.

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HomeLight

NOVEMBER 1, 2021

Some liens (such as mortgage loans) are voluntary, while other liens (such as tax assessments) are considered involuntary, meaning the lien is placed on the property against the owner’s will. Title search: How to check for property liens. Inquire with your local records office for office hours and search fees.

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Housing Wire

MARCH 15, 2021

Why use several vendors for title searches, appraisals and underwriting when you can use one? Presented by: Altisource. 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.”.

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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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HomeLight

AUGUST 26, 2020

Some of the elements of closing on a home can be difficult to grasp, like the property title search. Property title problems account for about 9% of closing delays , according to the National Association of Realtors. A property title search is an easy way to avoid delays in your closing. What is the property title?

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HomeLight

OCTOBER 31, 2024

If you sell your house for a mid-range price of $385,000, you can expect to pay anywhere from $23,100 to $38,500 in seller closing costs. The answer is a mix: Some closing costs are tax deductible, while others are not but can reduce your taxable capital gains.

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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. HomeVal, a Premium Title and Springhouse Valuations HELOC Hybrid solution, provides a full suite of customizable, low cost products delivering precise title search and valuation data with greater speed and ease.

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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. It’s much more efficient to reach a loan officer and input an application into the pipeline than ever before. The wait seems tedious.

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Housing Wire

OCTOBER 29, 2021

With EXOS CD, “stare and compare” manual processes in the loan closing lifecycle have been automated, reducing the time and effort required for data preparation and ultimately, reducing cycle times and improving quality. Lenders may believe that it’s impossible to perform title searches and deliver instant title.

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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

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). For context, Fannie Mae purchased a total of 1.151 million loans in 2022.

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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. Under TRID, all fees charged by title and settlement companies must be disclosed to the consumer on both the Loan Estimate and Closing Disclosure.

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Housing Wire

JUNE 11, 2021

Others are one-time closing costs expenses, which may include: loan origination fees, application fee, mortgage broker fee, title insurance, appraisal fees, title search fee and other miscellaneous payments. Closing costs vary from state to state, but not all home buyers are aware of the expenses prior to closing.

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Housing Wire

SEPTEMBER 1, 2022

However, while the title space has made tremendous strides in recent years, there is still a tremendous amount of “button mashing” being done. Typically, a title agency may receive a new order through any number of different channels. Most of it is happening “between” technologies and systems. A buyer or seller might phone it in.

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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. An AOL is not going to cover the period of a 30-year loan,” Cain said. “As

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Realty Biz

DECEMBER 8, 2022

Most people need to get help from a lender to buy a home, and applying for a loan can be difficult at times. With a good credit history and a score that's above 700, you will more easily qualify for a loan and benefit from better rates and terms. These costs can be as much as 5% of the loan amount. Build Your Credit.

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Marco Santarelli

DECEMBER 20, 2024

Here's the straightforward answer: The best time to refinance is when interest rates are lower than your current rate, or when your financial situation has improved, allowing you to secure a better loan term. This can add up significantly over the 30-year span of the loan. Now, lets dive deeper into understanding this process.

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Housing Wire

MARCH 27, 2023

Fannie Mae reportedly moving beyond their mission and into the title insurance business raises significant alarm bells. Fannie Mae and Freddie Mac, which have been in conservatorship since 2008, have long required title insurance policies on loans they purchase from lenders.

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HomeLight

OCTOBER 31, 2024

Current property ownership documents You’ll also need documentation to prove property ownership: Property deed and title documents: These establish legal ownership. The title is the concept of legal ownership granted by the deed. Any second mortgage documents: Documents for any home equity loan or HELOC associated with the property.

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HomeLight

FEBRUARY 20, 2025

Financing contingency: The buyer must qualify for a mortgage loan and receive financing for the deal to continue. Title contingency: The sale of the home is contingent on the title search showing no issues or concerns. Home sale contingency: Buyers purchase is dependent on the sale of their existing home.

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Redfin

JANUARY 28, 2025

Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. From evaluating the loan terms to understanding the hidden costs, assuming a mortgage isn’t a decision to take lightly.

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HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with. Source: (Matthew Henry / Burst).

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HomeLight

AUGUST 16, 2021

The mortgage loan process is pretty messy! We’ve made it easy by giving you a detailed checklist of key documents you can expect to collect, see, or sign for your loan. We’ve made it easy by giving you a detailed checklist of key documents you can expect to collect, see, or sign for your loan. Loan application.

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Realtor.com

SEPTEMBER 4, 2020

Here’s more about how a title company works, why a title search is required for a mortgage, and more that home buyers should know. Why a title search is required with a mortgage. The average cost of title insurance is about $1,000 per policy.

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Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan? Types of USDA loans.

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Loans Mortgages FHA loan Debt-to-income ratio 95

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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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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