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Four Settlement Delays

& How to Avoid Them

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Four Settlement Delays and How To Avoid Them
While seamless closings are ideal for everyone involved, life doesn’t always work that way. There are a number of roadblocks that can delay the closing process, and sometimes there’s just no way around it. The good news is that many of the problems that can arise are actually things you can control. Here are the most common problems home buyers, sellers and real estate agents experience.
1. No End-to-End Process

It’s a general rule that the more times information needs to change hands, the greater the chance there will be errors. Missed paperwork, poor communication, and inefficient processes can all create snags in the closing process. Working with a single-source title provider that will execute end-to-end services can make all the difference. A good title partner strives to remove friction from the process, offers responsive, quality-driven customer service, and has the right resources to see you through your entire transaction successfully. titlegenius by Radian has reinvented the wheel. With innovative features like remote check capture, online notarization and real-time communication you’ll get through closing quickly and confidently.

 
2. Reactive Problem-Solving

The transition from title production to title curative, as well as the curative process itself, is where many tie-ups can occur in clearing a title. This is a critical step in meeting deadlines for closings, so it pays to work with a title provider with proven expertise and capabilities. titlegenius by Radian provides real-time updates, ensuring all parties are in-sync on closing. Local staff are available to walk you through the particulars of closing a real estate transaction in your market.

3. Paperwork Errors & Missed Milestones

Real estate transactions involve a mountain of paperwork, and one of the more common reasons for delay is an error in documents. It could be as simple as a misspelled name or incorrect address number, or as serious as missing pages. Either way, it can take hours or even days to resolve. titlegenius by Radian provides a roadmap from contract to close. Up-to-the minute alerts and task lists are designed to make sure everyone is on the same page and that all tasks are completed before closing, accurately. No more closing day surprises.

4. Inability to Close in Person

Even if everything goes according to plan, delays can still happen. As many people found out in early 2020, unexpected events can bring everything to a halt. Whether it is a global pandemic or a serious weather event, certain situations can prevent an in-person closing at the appointed time. Look for a title provider that can facilitate eClosings and mobile signings to ensure that settlement can take place remotely. titlegenius by Radian offers flexible closing options.

titlegenius by Radian makes closing a real estate transaction, simple, transparent and a little less expensive. Our innovative platform walks you through the closing process, step-by-step, from contract to keys. With the right balance of people, resources and technology, we help you close with confidence.

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