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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. CRE firms are also suffering through the highest interest rates seen in years. CREs need not go it alone.

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Polly announces AI integration into its pricing engine

Housing Wire

Mortgage capital markets tech firm Polly announced on Tuesday that it has launched “Polly/AI,” which integrates artificial intelligence (AI) technology into the newest version of its product and pricing engine (PPE) and includes a “co-pilot” for loan officers that will “process, interpret, and recommend a range of outcome-driven results.”

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Stavvy joins forces with WFG on eClosing tech solutions

Housing Wire

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions.

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Virtual notary adoption surges as businesses rush to close transactions remotely

Housing Wire

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. In July, DocuSign acquired Austin-based startup Liveoak Technologies for $38 million in an all-stock transaction.

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Qualia launches an API to track title orders

Housing Wire

Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. According to Qualia, platform users can use these capabilities to design custom client experiences, track performance, productivity and revenue, and pipeline across clients and settlement agency branches.

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Purchase orders give boost to Fidelity’s title segment in Q2

Housing Wire

Fidelity’s total commercial revenue was $347 million, an 89% increase year-over-year driven by a 65% increase in closed orders. Total commercial orders opened also increased 58% year over year. Second quarter refinance orders opened and closed both decreased this quarter — 25% and 5%, respectively, on a daily basis.

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Tax & flood vendor Lereta acquired by private equity firms

Housing Wire

The transaction is expected to close within a month. Lereta’s services are designed to increase efficiency, reduce penalties and liabilities and improve processes for mortgage originators and servicers. Financial details of the transaction were not disclosed. It competes directly with CoreLogic.

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