Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Closing

Enverus grows Southwest base with Integrity acquisition

Company plans to integrate Integrity technology into new platform

Austin, Texas-based Enverus announced its acquisition of Integrity Title Company, a provider of title plant access in Texas and New Mexico.

In a statement, Enverus said it plans to integrate Integrity Title’s technology into a new online platform called Integrity Title Plants.

Scott Luna, Integrity Title director, said the company’s plant databases currently cover 92 title plant counties in Texas and 15 title plant counties in New Mexico. They also constitute more than 90% and 75% of the population- and title-premium remittance for the two states.

“Anyone who works in a land-based industry knows that constructing a chain of title is a very time-consuming, document-intensive task, requiring multiple searches through cumbersome card and tract plants, and often, in-person trips to county courthouses,” Luna said. “Integrity Title Plants is best positioned to support land diligence for all residential or commercial projects be it land or energy development, including wind or solar farms, highways and road expansion and transmission lines or pipelines.”

Silas Martin, Enverus general manager, said Texas has become the top state in the nation for new population growth — resulting in accelerated demand for title research.


How tech can improve the title experience without removing the human element

HousingWire Editor in Chief Sarah Wheeler speaks with Grant Brittain, SVP, Title Sales at Radian, about overcoming title challenges using automation.

Presented by: Radian

“If title companies and underwriters are not prepared for the spike in activity, they will miss capturing their share of this expanding market,” Martin said.

In other recent title news, Pennsylvania-based Title Alliance Ltd. has added a second office in Washington, expanding its presence in the Pacific Northwest. The new branch in Tacoma, Washington will be added to Title Alliance’s family of joint ventures with Title Alliance Northwest, which is a partnership with a Keller Williams Realty franchise.

Additionally, title insurance startup Doma — formerly known as States Title — announced recently that it will go public through a merger with special purpose acquisition company Capitol Investment Corp. V. The deal is valued at $3 billion, including debt.

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