MReport February 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

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6 | M R EP O RT MTECH season just around the corner, Tucson homeowners can now shop confidently for a new home without worrying about how they will sell their current home." Tucson is the 23rd market for Zillow Offers. "We've been really pleased with the response so far—it's clear that sellers are looking for an easier way to sell their homes," Zillow spokeswoman Lauren Braun told MReport. "We know it's a stressful experience and are excited to be able to offer an alternative way that takes care of the common headaches and hassles that typi- cally accompany selling a home." Braun added that buyers and sellers of all types—not just mil- lennial and Generation Z consum- ers—are utilizing Zillow Offers. "Whether it's sellers who want more control over the timing of a sale, or don't want to deal with making repairs and hosting open houses, Zillow Offers is designed to help any type of seller," Braun said. Zillow also announced plans to make it available in Cincinnati, Ohio; Jacksonville, Florida; and Oklahoma City, Oklahoma, in 2020. Requesting a home through Zillow Offers is free and sellers can submit their address to Zillow via its website or mobile app. If eligible, Zillow will send a prelimi- nary cash offer within 48 hours. Sellers who accept a Zillow Offer can choose the selling date, usually between seven and 90 days out. Zillow, after buying a home, works with local contractors to make any necessary repairs to prepare the home for sale. Kentucky Company Joins eRecording Network ICE MORTGAGE SERVICES APPLIES TECHNOLOGY TO IMPROVE THE MORTGAGE PROCESS. I ntercontinental Exchange, Inc., an operator of global exchanges and clearing houses and provider of data and listings services, announced that Kentucky has become the latest state to adopt e-recording and join Simplifile's network. Simpli- file is part of ICE Mortgage Ser- vices, which applies technology and high-capacity infrastructure to make the mortgage process electronic and thus more ef- ficient. Hardin County became the first county to go live in Kentucky, followed just minutes later by Jefferson County. "We are delighted to welcome Hardin and Jefferson counties to our e-recording network," said Paul Clifford, President of Simplifile. "We look forward to helping additional Kentucky mu- nicipalities get up and running— a process that usually takes only days—so they can take advantage of e-recording's significant time and cost savings." Through Simplifile, settlement agents can scan and submit land records directly to any of the 2,028 participating county record- ing offices, representing more than 80% of the U.S. popula- tion. In just minutes, the county recorder can review, stamp, record, and return documents to the settlement agent electroni- cally. In addition, recording fees SOMETIMES, IT'S GOOD TO BE A FOLLOWER. Follow MReport on social media to put the latest mortgage banking news, stories, strategies, and insights at the touch of your fingertips. MReport @TheMReportNews The MReport

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