The average closing time is 59 days for a purchase transaction, and 47 days for a refi, according to leading mortgage software company Ellie Mae. This not only frustrates buyers and homeowners, but it also costs lenders time and money – which has not escaped the notice of more forward-thinking title insurance companies seeking to streamline their part of the process.
Read the Guide to Learn:
Speeding up time to close creates a delightful experience for customers and a higher likelihood of closing.
Machine intelligence returns the vast majority of title commitments in about 1 minute instead of 3-5 days.
Reduce human intervention to drive large efficiency gains and transform the traditional title & escrow process.
Industry-leading tips, from a Chief Production Officer, that can help drive to a 7-day close
In just 2 minutes, Jay Plum, EVP of Consumer Finance, shares his prediction of the home lending market for this year.