12 Mar

What does a Tax Reporting firm do?

Tax Reporting Firm

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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06 Feb

What is the role of a Title Examiner?

Title ExaminerThe 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

22 Jan

Why is Title Service Important?

Why is Title Service important

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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16 Dec

How to get the best bargain on Mortgage loans

get-the-best-bargain-on-Mortgage-loans

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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06 Nov

What matters in Mortgage Servicing?

Mortgage Servicing

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

12 Oct

How to succeed in the Competitive Mortgage Market

Competitive Mortgage MarketIn 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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