Category Archives: Mortgage

The objective of a Tax report is to accumulate the details of all the tax-related information associated with a property. The information would include the figures and status of vesting property tax that the owner(s) of the property have to pay to county administration, municipal bodies, banks, and other institutions. The comprehensive report is crucial for carrying out various commercial and financial transactions related to the property such as the sale of the estate or pre-closure of a mortgage loan.

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Orchestrate Technologies, LLC, has announced its participation at the National Mortgage Servicing Conference, 2019. Organized by the Mortgage Bankers Association, which represents all aspects of the real estate industry, the conference is known to offer substantial collaboration opportunities for the participants. Read More →

Orchestrate TechSolutions – a leading global mortgage service company, has appointed Faycal “Face” Fakhry, CMB AMP as its Chief Executive Officer of US operations.

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The legitimacy of a real estate is evaluated by documentary evidence. However, it’s a common practice to procure and analyze these credentials before a property is sold or mortgaged. The process is commonly known as the ‘Title Search’ and the specialists who perform this task are known as ‘Title Examiner’ or ‘Title Searcher’.

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The primary task of a Title Examiner, also known as an Abstractor, is to search and summarize title records of real estate. The legal documents and insurance records have to be summarized for a variety of purposes. It’s because, for land or building to be sold, its title has to be clear of liens or legal issues. Any buyer who wishes to buy a property would get its title checked before beginning the purchasing process. Only when the title is clear will the buyer be able to get a loan sanctioned to by the property by a financial institution. Read More →

Every application for a Mortgage loan has to go through a sequence of steps before it gets approved. Mortgage origination one of the initial and essential steps in the process. It deals with the creation of new mortgage loans. Also, it includes the necessary procedure that involves the mandatory and statutory documentation of all legal papers. Read More →

The process of purchasing a home includes a set of complex procedures. It starts with the initial step of searching for the house that fits your budget and needs and concludes with gaining its ownership. Some of them are mandatory, which otherwise could risk the entire investment. Reviewing the title, as well as the profile report of the property, is one such important step.

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A mortgage payment is based on various factors. A lower interest rate alone won’t make it affordable and variables such as the loan term and mortgage insurance are also important. At times even when you get a good rate, you’re not allowed any pre-payments during the term. It might be suitable for those who can make extra payments but could be a favorable deal for first-time buyers with limited cash flow. If you have the ability to make extra payments, then a higher frequency of payments can be ideal. On the other hand, a lower-rate mortgage with no pre-payment facility could take longer to pay off.

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A Mortgage loan involves a series of critical tasks. Mortgage servicing is one of the primary aspects of the process that deals with loan payment collections and similar services related to mortgages industries. It also covers the mortgage-backed securities, which are essentially used during high-value transactions. Being a specialized task Mortgage servicing often requires the expertise of a dedicated third-party known as the servicer, who handles the day-to-day tasks of administering the loan. As it’s an essential responsibility, lending institutions might be prompted to hire one or more for the purpose. Read More →

In the last few years, the mortgage industry has gradually turned into a seller’s market. It’s because the number of buyers has been exceeding the number of houses for sale. When properties are being sold off more quickly, mortgage firms have the opportunity to improve their revenue as the estates would be selling for more than the asking price. However, it has also led to a strong competition among the mortgage companies.

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