– USA National Title selects TitleIQ Enterprise as its primary title search & examination platform. Early results show significant reductions in production times –
DataTrace announced today that USA National Title, has selected TitleIQ™ Enterprise as its primary title production platform to increase efficiency within the company’s search and examination processes.
– As the need for speed continues to play a pivotal role in mortgage origination, the need for smart technology and improved automation will separate the winners from the rest –
The mortgage market has always valued speed: the faster a lender can approve a borrower the more likely that loan will close. It’s why, in recent years, lenders have invested billions to improve their customer experience through innovations like digital point-of-sale solutions and faster verification platforms, and why they are continually pushing partners, like title companies and AMCs, to deliver faster results.
– As the “big shift” in real estate lending continues with the purchase market taking center stage, new challenges arise for title companies and lenders to grow market share –
The “big shift” in real estate lending is on. As rising mortgage rates spur further declines in refinance transactions and historically low housing inventory limits existing-home sales, title companies and lenders face a challenging time to maintain and grow market share.
In this increasingly competitive environment, companies can leverage operational efficiency tools and market-specific intelligence to enhance customer service and increase the effectiveness of their marketing efforts, which can drive business that, in turn, helps protect margins.
– One of the most innovative and impactful organizations providing solutions to the challenges faced by mortgage lenders and real estate professionals every day –
DataTrace announced today it has been recognized by HousingWire Magazine as a 2022 HW Tech100™ Real Estate honoree. This is the second year in a row that DataTrace has been named a HW Tech100 winner in this category.
– In 2022, the dramatic shift from refinance to purchase and the overall market contraction requires new strategies as well as renewed focus on cost and efficiency –
With refinance transactions slowing, 2022 will mark a year of significant change for the title and mortgage industries. As Odeta Kushi, deputy chief economist at First American, recently observed:
“The Fed clearly faces a very unique challenge in 2022. How to tame inflation without halting the recovery, and the housing market is entering 2022 with double-digit house price growth, strong underlying demand and near record-low supply. A modest increase in mortgage rates due to tighter monetary policy may actually bring some much-needed house price moderation.”
– In 2022, forward-looking clients are investing in automation and workflow enhancements to work faster, smarter and more cost effectively –
What will 2022 look like for the title industry? The Mortgage Bankers Association (MBA) expects origination volume to reach $2.6 trillion this year, which would rank as the fourth best year for origination volume in the last 15, but not quite the frenzy experienced in 2021.
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