Could the Housing Inventory Shortage be Causing Compliance Concerns?

Join DataVerify and industry experts for a conversation about how the current housing inventory shortage could cause compliance concerns now and in the future.

Side’s Spencer Krull on brokerages, Los Angeles real estate

During this episode of HousingWire Daily, we pressed Spencer Krull on the modern-day purpose and economic viability of a brokerage, and what Side’s distinctive model specifically offers.

eXp CEO loves Glenn Stearns’ star power

Residential real estate brokerage eXp continues to be profitable, and company CEO Glenn Sanford became a fan of Glenn Stearns through reality television. HW+ Premium Content.

Why female leadership is crucial to the mortgage industry

HousingWire recently spoke with Keri Stichler about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity.

ClosingFintech

Qualia courts proptech firms with title, escrow offering

Company continues to digitally bundle closing process

Digital closing platform Qualia announced Wednesday the release of “Qualia Scale,” a software program that allows proptech companies to attach title & escrow to their core offerings.

It’s the second proptech offering created by Qualia. The first, Partner API, is used to unify title companies, real estate agents, lenders, and homebuyers throughout a single real estate and mortgage transaction. Partner API is now part of the Qualia Scale “bundle,” which also includes banking and reconciliation programs, a team of title and escrow experts, and Qualia’s digital closing platform.

“PropTech companies are increasingly turning their attention to the closing process and attaching title to their service offerings,” said Nate Baker, Qualia CEO. “There are a variety of ways to do this. Some companies choose to build their own title and escrow operations from the ground up while others want to access a network of existing title and escrow operations. No matter what model a company decides on, they can now leverage Qualia’s flexible infrastructure to create their own unique, standardized, on-brand closing experience for their consumers.”

Per Qualia’s recent Homebuyer Sentiment Index (HSI), 62% future homebuyers want want digital closing experiences, but only 13% of recent homebuyers have reported receiving digital closings.

Refinances spiked in 2020, but with the COVID-19 pandemic keeping most people at home, a need arose for digital, easy-to-use and reliable tools that can result in consistent digital experiences for service partners and their clients.


How hybrid title and valuations help increase lending efficiency

Streamline by combining services. Why use several vendors for title searches, appraisals and underwriting when you can use one?

Presented by: Altisource

Qualia announced in December that it had acquired a rival in the title and escrow software space: Adeptive Software, the creator of ResWare production software for title and escrow professionals (the sale price was not disclosed). It also announced a valuation of more than $1 billion following a $65 million Series D funding round.

In November, Qualia launched a “physical document service” that enables mortgage lenders to automate the management of paper trailing documents from title partners through its own platform. It also launched “Qualia Post,” a post-closing solution that integrates with a lender’s LOS to automate the retrieval of closing and post-closing documents from title companies.

Leave a comment

Most Popular Articles

Home prices are still rising, but relief for buyers is coming

Domestic home prices increased 2.3% from May to June, and 17.2% year-over-year, per CoreLogic. Twin Falls, Idaho had the highest annual increase at 40.2%.

Aug 03, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please