Today, title documents are sent between title vendors and lenders via email, third-party email and even fax machines. Once received, lenders employ teams to manually review these title documents and re-type details into their loan origination systems. These manual processes
Boston National Title’s Default Title Lifecycle Management Services ensures portfolio compliance
Title and settlement can be particularly challenging in servicing. The difficulty lies in identifying, accurately assessing and proactively resolving title issues— especially when servicers are dealing with large volumes of assets. Boston National Title (BNT), founded in 2006, offers servicing solutions
Radian Ready eases the transition from title production to title curative to help shorten loan cycle times
Title reports can be confusing, which is why the process is prone to errors. One mistake can slow down the real estate transaction’s closing and frustrate lenders and borrowers. To keep that from happening, lenders need a way to reduce
HousingWire Magazine: April 2021
Remote Online Notarization, better known as RON, became a national priority in 2020, something it’s been working toward for a handful of years now. But as COVID-19 forced a new, socially distant world, 50 states were forced to take a
ServiceLink’s EXOS Title engine automates the title process so lenders can receive instant title decisions
In today’s low interest rate, high-volume market, lenders need a way to manage their mortgage volume while providing a consistent, high-quality customer experience. ServiceLink’s tech-enabled title solution, EXOS Title, combines cutting-edge technology and superior customer service with a nationwide footprint
Portland, Maine housing market is a “full-on frenzy”
Portland, Maine, has emerged as a popular destination for current homeowners and prospective buyers looking to move out of metro areas into more spacious secondary cities. A recent report from Redfin showed that 14.9% of movers leaving Boston, Mass. were
Wells Fargo pays $96M to settle LO comp lawsuit
Wells Fargo agreed to pay $95.7 million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations in California, according to the settlement agreement in federal court. The deal will provide $62.8
Purple Heart veteran, family of eight gifted new home
After serving 13 years in the military, retired U.S. Marine Corps Staff Sergeant Clint Myatt was surprised to receive a new home just in time for the holidays. The joy Myatt felt when he heard he was getting a house
With new CEO in tow, Proper Title plans national expansion
Judd Hoffman has been hired as chief executive officer for Proper Title LLC, an Illinois-based title insurance agency that’s backed by top independent real estate brokerage @properties. And they’re in expansion mode. Hoffman was formerly “chief transformation officer” for States Title
These brokerages topped the RealTrends 500 in 2020
HomeServices of America Inc. reigned supreme as the largest residential brokerage in America by transaction sides last year, according to the latest annual RealTrends 500 ranking. But such activity didn’t result in more sales volume than its chief rivals, publicly
Average home sale price hits all-time record
The median home sale price increased 16% year-over-year to $331,590 – an all-time high, per a report this week from Redfin. But that’s not stopping buyers from snatching up homes days after they’re listed. During a four-week period ending March
About 7M refi candidates missed the “forever rate” boat
A 40-plus basis point rise in mortgage rates over the past month resulted in approximately 7 million high-quality refi candidates who are no longer able to lock “forever rates,” according to a recent report from Black Knight. On Feb.11, the
Health care & hot-air balloons: Inside RE/MAX’s convention
RE/MAX has been around for almost half a century, and the company with the red balloons spent their annual convention, held this week in Orlando and virtually, making the case for their continued relevancy. Nick Bailey, courtesy of RE/MAX. Nick
Dan Gilbert makes $500M investment in Detroit
Rocket Companies chairman Dan Gilbert is making another massive investment in Detroit. The billionaire mortgage mogul’s family foundation and Rocket’s community fund on Thursday announced a combined $500 million philanthropic investment in Detroit neighborhoods over the next decade. The Gilbert
Private mortgage insurance industry boomed in 2020
Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. The private mortgage insurance industry also supported $600 billion in mortgage originations.
These iBuyers are coming to a market near you
A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public. RedfinNow, the iBuying platform of Redfin, has expanded into the Baltimore – Washington D.C. area.
Real Estate Demo Hour – Coldwell Banker Advantage
Coldwell Banker Advantage Coldwell Banker Advantage is headquartered in Raleigh, NC with more than 20 offices servicing the state. Laurie Donofrio is the Chief Technology Office at Coldwell Banker Advantage, and will join us for a conversation about how her
Lennar triples down on homebuilding plans
National homebuilder Lennar Corp. plans to spin off all its non-core businesses to become a pure-play homebuilder and financial services company, the company announced on Wednesday. In an earnings call this week, Lennar executive chairman Stuart Miller said the move
How capacity constraints are impacting servicers
The current demand for capacity is forcing everyone in the industry to pick and choose what projects they work on, what products they use, and – most importantly – how their employees are utilized. There are conversations taking place right
Could the great refi boom finally be over?
A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. And the proof is in the refi pudding. With mortgage rates making their ascension, many late-to-the-game homeowners
Real Estate Demo Hour – Qualia
Qualia Deliver an end-to-end consumer homebuying experience with Qualia Scale. Qualia Scale is a simple way for PropTech businesses to build custom, on-brand, and modern closing experiences using Qualia’s flexible infrastructure. #1 Sixty-two percent of future homebuyers want digital closing
Real Estate Demo Hour – Paymints.io
Paymints.io Paymints.io is a fully electronic, secure, and compliant solution that eliminates the need for borrowers, buyers, sellers, and real estate agents to write paper checks. Save time, by skipping the bank; money, by lowering fees; and the environment by
Real Estate Demo Hour – Back At You
Back At You Have full visibility into your brokerage’s performance with powerful reporting that will handle everything you need for recruiting, retention, and gained office efficiencies. The incredibly flexible commission setup allows you to track and easily process any type
The disruptive impact of big data on housing
Determining the value of a home depends on both art and science. With the increasing availability of massive amounts of housing data and the ability to analyze that information. Analysis of millions of pieces of disparate data informs nearly every
