Housing Wire

SEPTEMBER 13, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

Brokerage 420

Brokerage Equity Branding Agents 420

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

Equity 466

Equity Purchase and sale agreement Loan Officer Lending 466

Housing Wire

MARCH 9, 2021

The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%. By 2021, that number shrank to $24,000.

Equity 479

Equity Brokerage As-is Mortgages 479

Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. The post Canadian mortgage brokerage takes Rocket Mortgage name appeared first on HousingWire.

Brokerage 408

Brokerage Mortgages Banks Lending 408

Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 416

Brokerage Mortgages Loan Officer Banks 416

Inman

AUGUST 31, 2023

Find out how this player from the international tennis circuit made the switch to the no-less-competitive real estate industry.

Equity 166

Equity Brokerage Industrial Marketing 166

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage.

Mortgages 441

Mortgages Brokerage Loan Officer Lending 441

Inman

OCTOBER 3, 2023

In a separate announcement, San Diego-based fintech announces launch of new real estate brokerage, Splitero Homes, to help homeowners in four states "sell for the highest price."

Equity 173

Equity Brokerage Mortgages 173

Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., ” NEXA was founded in Arizona by Kortas and Mat Grella after they left Equity Prime Mortgage. will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas.

Loan Officer 431

Loan Officer Loans Brokerage Equity 431

Inman

MARCH 12, 2024

million in revenue share and equity benefits to agents and brokers in 2023, according to the company's annual program update published mid-Monday. EXp Realty paid $232.6 The lion's share of the payouts — $197.9 million — came from revenue share. The remaining $34.7 million came from 2.2 million EXPI stock shares.

Equity 157

Equity Agents Brokerage 157

Housing Wire

OCTOBER 13, 2023

Without revealing any confidential details, for example, Compass is using mostly its own equity rather than cash to deliver value to the sellers. Certainly, the expectations of brokerage firms did not change in terms of the multiple of EBITDA upon which valuations are based. This remains the most active part of the market.

Brokerage 407

Brokerage Equity Branding Design 407

Housing Wire

FEBRUARY 1, 2024

Shortly after EasyKnock acquired home equity investment platform Balance Homes , the company appointed former Balance Homes co-founders Judd Schoenholtz and Aaron LaRue as chief revenue officer and chief technology officer, respectively. LaRue, meanwhile, will focus on the expansion of EasyKnock’s technology platform.

Equity 402

Equity Technology Lending Development 402

Housing Wire

APRIL 27, 2023

California-based Impac Mortgage Holdings , a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. The delisting follows Impac’s failure to adjust its stockholders’ equity levels amid consecutive financial losses. million in stockholder equity.

Equity 366

Equity Brokerage Lending Mortgages 366

Housing Wire

MARCH 24, 2022

A self-described tech company, New York-based Compass has followed the path of many 21 st Century start-ups, offering agents equity in lieu of their full commission splits, or restricted stock units for some agents. The approach contrasts Compass with other full-service brokerages, including Realogy , who do not have an agent equity program.

Agents 381

Agents Equity Brokerage As-is 381

Housing Wire

SEPTEMBER 7, 2023

The brokerage on Thursday launched Accelerate , an incentive program that helps agents maximize their revenue share earning potential during their first year with the brokerage. In June, the brokerage announced that it was refining revenue share criteria, reducing the current FLQA tier 7 threshold from 40 to 30 FLQA.

Agents 380

Agents Brokerage Equity Design 380

RIS Media

APRIL 20, 2022

Redfin has completed its big-ticket purchase of Bay Equity Home Loans. To that end, Kelman said that Redfin and Bay Equity have already hit the ground running by getting both sides in tune with each other. The Seattle-based company is integrating all lending operations under Bay Equity, which will still operate under that name.

Equity 98

Equity Loan Officer Lending Loans 98

Housing Wire

AUGUST 26, 2023

The fight for gender equity in the workplace remains a challenge, especially when it comes to the number of women in leadership positions. While women make up the majority of the National Association of Realtors® (NAR) membership (66%), they remain underrepresented in leadership roles across their respective brokerages.

Brokerage 370

Brokerage Equity Industrial Development 370

Housing Wire

AUGUST 7, 2023

But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. billion, which the brokerage attributed to a 19% year-over-year decrease in transaction sides to 54,207, combined with a decrease in the average home sale price, as the brokerage’s gross transaction value dropped 26% year over year to $56.8

Brokerage 369

Brokerage Principal Title Equity 369

Housing Wire

FEBRUARY 15, 2024

The firm’s owned brokerage group, Anywhere Advisors , recorded a 10% annual decline in transaction sides to 57,546. Both the national housing market and Anywhere’s overall portfolio posted lower volumes on an annualized basis. The ongoing lawsuits against agent commissions were another hot topic during the call.

Marketing 399

Marketing Branding Brokerage Sales 399

Realty Biz

OCTOBER 23, 2023

JPAR® , a leading player in the real estate industry, has been recognized as a 2023 Top Franchise for Diversity, Equity, and Inclusion by Entrepreneur. This accolade underscores the company's commitment to promoting diversity, equity, and inclusion within its corporate culture and among its franchisees and agents.

Equity 95

Equity Branding Brokerage Agents 95

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). I would be happy to give you an equity analysis and let you know how much equity you have in your home. For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage).

Brokerage 410

Brokerage Investor Agents Pre-approval 410

Housing Wire

JUNE 29, 2022

The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings. “A The funding comes shortly after Knox launched its first mortgage product, dubbed the Knox equity access program (KEAP), in April. Presented by: ServiceLink.

Loans 366

Loans Equity Lending Mortgages 366

Housing Wire

APRIL 1, 2024

The accumulation of home equity has propelled many Americans towards financial security, with homeowners currently sitting on nearly $30 trillion of wealth, according to the St Louis Fed. Real estate brokerages , agents, and the vendors that service the industry account for a substantial portion of all the small businesses in America.

Equity 473

Equity Agents Industrial Land 473

Housing Wire

NOVEMBER 17, 2021

On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage. The brokerage was founded 2000 by Thad Wong and Mike Golden , who remain the companies’ co-CEO’s. The deal is set to close Dec.

Brokerage 420

Brokerage Residential Equity Branding 420

Realty Biz

OCTOBER 25, 2023

Stoic Equity Partners has recently added Brent Barkin to its team. In his new role at Stoic Equity Partners, Barkin will be responsible for overseeing investor outreach and sponsorship opportunities. Stoic Equity Partners, founded by Jeremy Friedman and Grant Reaves, is a commercial real estate investment firm based in Daphne, Alabama.

Equity 62

Equity Development Commercial Branding 62

Real Trends

SEPTEMBER 14, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

Brokerage 72

Brokerage Equity Agents Branding 72

Inman

FEBRUARY 16, 2023

Allies who actively engage in and promote diversity, equity and inclusion can help be a force for change. Real estate leaders have an important responsibility to help create a world without obstacles to homeownership.

Equity 119

Equity Brokerage Agents 119

Housing Wire

SEPTEMBER 15, 2023

Insurance executive Jawed Barna will succeed Sven Odia as the CEO of international luxury real estate brokerage Engel & Völkers , the company announced Thursday. ” Odia led E&V through Permira’s acquisition in late 2021, in which the global private equity firm bought a controlling stake for an undisclosed amount.

Brokerage 396

Brokerage Branding Equity Agents 396

Housing Wire

FEBRUARY 12, 2024

Making an appearance on the defendant list are the National Association of Realtors , Anywhere and its franchise Century 21 Everest , HomeServices of America and its affiliates, RE/MAX , Keller Williams and two local franchises, Equity Real Estate , Realtypath and Windermere Real Estate Services.

MLS 441

MLS Equity Brokerage Industrial 441

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Presented by: 1000watt.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

APRIL 1, 2024

NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29 However, the operating agreement says that if the company engages in any other activity that is unrelated to the purpose of mortgage brokerage, it “requires unanimous member consent.” “But The lawsuit states that Kortas had 50.5%

Loan Officer 404

Loan Officer Brokerage Mortgages Loans 404

Housing Wire

JUNE 1, 2023

eXp used a mixture of its own equity, revenue sharing and the virtual nature of its business to gain its position. One thing remains true for these firms and all others in the residential brokerage business: Recruiting and retaining agents and teams remains the core driver of growth.

Brokerage 374

Brokerage Residential Equity Agents 374

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Every deal is different – the amount of equity they forward and the fee that they charge for the service. The Connecticut-headquartered brokerage is the biggest player in New England.

Equity 410

Equity Brokerage Mortgages Title 410

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). on a per-unit basis.

Mortgages 414

Mortgages Loans Equity Principal 414

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. The Scottsdale, Arizona-based company secured $60 million in equity and $55 million in debt financing, according to a Thursday news release from the firm. Proptech HomeLight raised $115 million in capital and acquired Accept.inc.

Lending 360

Lending Brokerage Equity Finance 360

Housing Wire

JUNE 30, 2022

Last September, I ran into Dalila Ramos, who now is founder of Love and Tacos Media , but at the time, she served as vice president of diversity and growth at Equity Prime Mortgage. and “How can lenders and brokerages support it?” and “How can lenders and brokerages support it?” were top of mind. were top of mind.

Equity 348

Equity Lending Brokerage Mortgages 348

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner.

Pre-approval 352

Pre-approval Equity Loan Officer Brokerage 352