Archive for the ‘Title Industry News’ Category

We Have an APP for That! by Inwest Title a Utah Title Company

Thursday, December 26th, 2013

We Have An App For That, by Inwest Title Services, A Utah Title Company

 

Inwest Title Services has always positioned itself at the front of the competition when it comes to customer service, statewide coverage and technology. The world is full of websites that provide resources and tools and the latest movement is to the Mobile App. Inwest Title Services launched the first version of the Inwest Title Services Mobile App in December 2013.



This powerful App puts many tools and resources at the “mobile” fingertips of its clients. Real Estate professionals, lenders, bankers and builders can all access the already powerful online tools on www.inwesttitle.com via the App program. The App allows a client to place and track new title order requests anytime of day. Real Estate professionals can snap a photo of their REPC documents and upload them to the buyer or seller file and make sure their Escrow Officer has the latest Addendum to their file 365 days a year.

The Main Menu of the App will also allow Real Estate Professionals to calculate their seller’s bottom line inside the Seller Net Sheet Calculator. This calculator allows an agent to plug in key pieces of information regarding their seller’s situation to include sales price, loan amounts being paid off, commissions owed to the agents, home warranty, concessions and more and determine an estimated seller proceeds amount. Agents use this tool to calculate the bottom line once an offer comes over from a prospective buyer but also visually communicate the scenarios to the seller based on what kind of offers may come and what to expect their proceeds to be if listed at the home’s comped value.

Real Estate professionals in Utah can also request Property Information to include property profiles, abstracts, plat maps, CCRs and more via the App button labeled Property Information. The information is sent immediately to our Marketing Department where the request is processed and sent back to the agent via email.

Loan officers and their support teams can access Title Fee Quotes and get estimated fees for their refinance and purchase borrowers from the Instant Fee Quote option on the App. When it’s time to close, Inwest Title Services has included the ability to access turn by turn directions to any of its 13 offices in Utah. Settlement and closing can take place at any of the 13 locations, which allows the client to dictate what is most convenient for them.


The Inwest Title Services App is available for free in the App Store℠ or at www.inwesttitle.com. At this time, the App is available for iPhone® users. Coming soon- version for Android™ for the Inwest Title Services App. App Store and iPhone are registered trademarks of Apple Inc. Android is a trademark of Google Inc.

 

Once the App is downloaded, it is necessary for the user to enter their login and password information. This login and password information is the same as the credentials used to access the www.inwesttitle.com. Email missymarketing@inwesttitle.com if you have forgotten or need to request a new login and password.


 

Inwest Title Services, Utah’s largest independently owned and operated title company is committed to bringing our clients the best in title and escrow and staying at the forefront of technology. Like us on Facebook https://www.facebook.com/inwesttitleservices

 

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance Quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

 

What is the PURPOSE of Title Insurance? by Inwest Title a Utah Title Company

Thursday, October 24th, 2013

Click on the play button to hear Tracy explain WHY you need title insurance.

Tracy Cottle-Tips from a Title Agent

 

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance Quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

Tips from a Title Agent-First Time Homebuyers by Inwest Title a Utah Title Company

Wednesday, July 17th, 2013

Tracy Cottle-Tips from a Title Agent for First Time Homebuyers

Tracy Cottle meets with The Daily Dish on ABC4 and explains what first-time home buyers should prepare for. “The very best thing you can do if you’re thinking about (buying a home) is to log into the Inwest Title Website.”

 

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

HOA Registry by Inwest Title a Utah Title Company

Thursday, July 11th, 2013

HOA and Condo Contact Information to make your life easier!

 

All new Homeowner Associations and Condos are required to file in the registry no later than 90 days after recording their CC&Rs.  They are also required to file changes within 90 days of being implemented. The registry provides contact information so you know the point of contact for payoff or lien release information.  You can access this registry by going to :  https://secure.utah.gov/hoa/index.html

Here is what the website looks like and offers several different points of contacts.

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

Market Data Report 6.27.13 by Inwest Title a Utah Title Company

Friday, June 28th, 2013
Market Data

Click here to view the latest Market Data report from Inwest Title

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

Market Data 6-1-13 PERMITS by Inwest Title a Utah Title Company

Monday, June 17th, 2013

Click here for the latest Market Data report

 

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

Seller Net Sheet Calculator by Inwest Title a Utah Title Company

Friday, May 24th, 2013

TAKE THE MYSTERY OUT OF HOW MUCH YOUR SELLER WILL RECEIVE AFTER CLOSING

Inwest Title Services, Utah’s Largest Independent Title Insurance Agency, removes the guessing out of how much your sellers will receive from the sale their home.

Simply go to www.Inwesttitle.com and put in your login information, and click on the NET SHEET CALCULATOR.   If you do not have login information, please contact missymarketing@inwesttitle.com, and she will set you up with a free online login right away!  You will then be asked to fill in 10 pieces of information and once you click “calculate” the positive or negative amount your seller will receive after closing will populate the top field. All title insurance fees will be included in the calculations and detailed for you and your seller all on one page.

Example of Seller Net Sheet Calculator

This is important because if adjustments need to be made in offering a Home Warranty, Seller Paid Closing Costs or other items this can be handled before an offer is received.

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com

Tips from a Title Agent by Inwest Title a Utah Title Company

Friday, May 10th, 2013

Tracy Cottle-on Good Things Utah

 

Calulating Absorption Rate by Inwest Title a Utah Title Company

Friday, April 5th, 2013

You may have noticed that the weather isn’t the only thing warming up in Utah. The real estate market has also started to heat up.   Professionals use many metrics in order to understand the real estate market, one of which is called the “real estate absorption rate”.  As a buyer, seller, or agent–understanding the real estate absorption rate for your area, can be a key piece of information.  Similar to the notion of keeping stock on the shelves of a store, the real estate absorption rate is a single number that indicates how much time that stock will last. This number is one sort of indicator of a concept that many people have heard of, “supply and demand.”

Sellers Market: 1 to 4 months supply of homes

Neutral Market: 5 to 6 months supply of homes

Buyers Market: More than 6 months supply of home

The final number from the formula, tells us the number of months it would take to sell every listing on the market, if no other listings were added.  It’s important to calculate more than a single month to get a better understanding, because the market is always changing, and homes are always being listed and sold.  We calculated the absorption rates for the 1st Quarter, to get a clear view of how the market has been behaving–and we can see that January and February were both sellers’ markets.  However, as we calculated the rates for March, we can see how quickly the market changes.

While sales were heating up, more sellers jumped into the market, and the rate jumped to a 7.03.  This change from February to March is great for a seller, and informs them that the competition is greater, and they should be more aggressive with their listing price.  It also lets a buyer know that the inventory has grown, and they can be pickier, and have more of an edge in the negotiation.

 

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.

An Examination of A Title Order, by Inwest Title, A Utah Title Company

Thursday, February 21st, 2013

At Inwest Title Services, we recognize that our clients have a million and one things on their “to-do” list and placing a title order can be one of them. We sincerely appreciate our clients, and we work quickly and effectively to return their title order in a dependable manner. We thought that since our clients know the in’s and out’s of placing a title order with us, we would describe what happens on our end after receiving the order. Make sure to watch the entertaining video below to see the process in action!

What happens to my title order?

After sending the title order through an electronic device, we immediately receive it and the step-by-step process begins at our Title Plant in West Haven Utah.

The first stop in the title order process is to the Locate Department. Our staff locates the property in the county records and pulls copies of the taxes and abstracts. Next, the order is sent to the Title Searching Department. The county records are searched to find all applicable documents that need to be shown on the commitment or also known as the “PR.” Subsequently, the Typing Department receives the order where it is typed from a hand-written sheet to a clean and accurate typed report. The final department to review the order is the Title Review Department. They double-check the search and it is proofed for typos and errors. Last but not least, the commitment is completed and sent back to the client via email.

For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance quotes locate and contact your nearest Inwest Title office at www.inwesttitle.com.