The real estate settlement process can be negatively impacted by many factors. From lost documents to chasing down critical data, it’s important lenders remain organized so borrowers don’t have to endure long turnaround times and closing delays. Rigorous processes and efficient technology have never been more important than they are
Read more
Qualia has created a flexible infrastructure for the real estate and mortgage industry. Real estate transactions require coordination between lenders, title insurers, home buyers, title & escrow companies – the list goes on. Dealing with dozens of siloed parties creates opportunities for mistakes and complicates the home buying experience. Qualia,
Read more
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 are time-consuming, subject to data-entry errors and potential security concerns
Read more
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 to help ensure loan portfolios meet investor expectations and are
Read more
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 – ultimately getting lenders and their clients to the closing
Read more
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 hard look at the regulations they have around remote notarizations.
Read more
After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Tightened supply was largely responsible for a 10.6% drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors.
Read more
That was fast. Eight days after Compass unveiled a hoped-for Wall Street valuation of over $10 billion, the New York City-based residential brokerage has significantly scaled back its ambitions for an initial public offering. Compass is now offering 25 million shares of Class A common stock to potential shareholders at
Read more
Last year’s record-low mortgage rates dipped as low as 2.65% on 30-year fixed-rate loans and ignited an origination boom that had lenders scrambling to manage the high demand. During this surge, many lenders experienced challenges as they tried to deliver an ideal customer experience while closing loans at the speed
Read more
It’s allowed them to sell their more expensive homes where they live, and move to beautiful rural areas like ours, where housing prices are lower.” 4.
Read more
The Hamptons real estate market was red-hot in the past past year, even as the pandemic hammered home sales in New York City. But how much are …
Read more
NBC Connecticut Investigates analyzed newly released home sales data from SmartMLS, which represents more than 18,000 real estate professionals …
Read more