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

Housing Wire

Artificial intelligence (AI), predictive underwriting , and blockchain technology are becoming more common in todays real estate industry. However, long-standing challenges still persist within foreclosure firms, title and escrow companies, and title insurance underwriters. You can’t be fully dependent on technology.

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ICE says property insurance costs rose at a record rate in 2024

Housing Wire

Annual property insurance costs for mortgaged single-family homes rose by a record $276 (or 14%) to $2,290 in 2024, per the latest Intercontinental Exchange (ICE) Mortgage Monitor Report released Monday. of borrowers switched insurance providers in 2024, up from 9.4% ICE loan-level data shows that a record 11.4%

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Insurance worries are forcing homeowners to rethink their living arrangements

Housing Wire

American homeowners are struggling to keep up with unpredictable natural disasters and the rising homeowners insurance premiums that follow them. Residents are more willing to move if it means avoiding high insurance rates, according to a new study from mortgage technology company Maxwell.

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Mortgage Insurance Defects on the Rise

Appraisal Buzz

According to the report , as weather-related natural disasters increase in frequency and severity, home insurers have responded to the increased risk by dramatically increasing premiums or simply ceasing to issue new policies in heavily impacted regions. The post Mortgage Insurance Defects on the Rise first appeared on The MortgagePoint.

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CertifID expands insurance coverage on wire transfers

Housing Wire

With home sale prices continuing to rise, wire fraud prevention firm CertifID announced Thursday that it is increasing its direct, first-party insurance coverage maximum to $2 million. This means that up to $2 million of a wire transfer verified by CertifID can receive direct, first-party insurance coverage.

Insurance 482
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Property Insurance Costs Skyrocketed an Average 14 Percent Last Year 

Appraisal Buzz

Property insurance costs for mortgaged single-family homes increased a record $276 or 14% to an average of $2,290 per year in 2024, according to ICE Mortgage Technologys latest Mortgage Monitor report. percent of borrowers switched insurance providers in 2024, up from 9.4 Among the major U.S. Among the major U.S.

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ICE rolls out mortgage insurance center on Encompass

Housing Wire

Intercontinental Exchange (ICE) launched a mortgage insurance (MI) center on its Encompass loan origination system, part of the company’s vision to to become a ‘ life-of-loan’ platform.

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