New Tech Helps Lenders Weed Out Fraudulent And Manipulated Photos Provided By Third Parties

ClearValue Consulting, a provider of enterprise-class vendor management technology for the mortgage industry, has launched Property VeriPix, a photographic validation and chain of custody technology that verifies the location, date and time of subject property photos provided by third parties.

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Average Closing Costs, Excluding Taxes, Up By 10.5 Percent Year-Over-Year

ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, released its most recent closing cost data, which showed that in the first half of 2021 national average closing costs for a single-family property were $6,837 including taxes, and $3,836 excluding taxes. These were 12.3% and 10.5% year-over-year increases, respectively; whereas refinance closings costs increased marginally to $2,398, a 4.87% change from the reported 2020 average of $2,287.

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Advancing Your Proptech Strategy With AI

Today, no matter the industry, tech-enabled innovations are needed throughout. We must allow for vertical integration and ensure that real estate software is competitive and ready-to-market. The USA, alone, has one of the largest and most flourishing PropTech markets worldwide. While PropTech focuses on construction, buying, selling, renting, moving, and managing real estate assets, it is not limited to these areas.

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WFG Launches Webinar To Present Economic Outlook

WFG National Title Insurance Company, a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, will host its fourth quarter 2021 “Economic Outlook & Title Insurance” webinar on Thursday, October 21, beginning at 7 am PT / 10 am ET.

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