Thu.Apr 25, 2024

article thumbnail

Industry vet launches new mortgage CE company, MLO Force

Housing Wire

Nathan Knottingham, COO at Vetted VA , announced the launch of a new mortgage continuing education provider, MLO Force , from the stage at HousingWire’s The Gathering this week. The company, operated by 20/20 Vision for Success Coaching , will be led by Knottingham as CEO and video producer Sawyer Jones. The aim is to leverage the pair’s experience in content, training and digital production to make required NMLS training more fun, Knottingham said.

article thumbnail

NAR deal ‘could be detrimental’ to Black agents, buyers

Real Estate News

In a conversation with Real Estate News, Dr. Courtney Johnson Rose of NAREB discussed the pros and cons of the recent settlement and upcoming rule changes.

Agents 170
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Financial results worsened for IMBs in 2023: MBA 

Housing Wire

Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks lost an average of $1,056 on each loan they originated in 2023, down from an average loss of $301 per loan in 2022, according to data released Thursday by the Mortgage Bankers Association (MBA). This was the largest loss recorded in the 15 years that MBA has tracked production data. “ Mortgage lender financial results worsened in 2023 with the average net production loss moving to 37 basis points from losses of 13 b

Banks 361
article thumbnail

Glenn Sanford: ‘Our real goals are not domestic’

Real Estate News

During the T3 Leadership Summit, the eXp founder discussed some of his early challenges, the need for internal disruption, and his international ambitions.

161
161
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

CHLA president addresses various consumer protection measures

Housing Wire

Taylor Stork, president of the Community Home Lenders of America, speaks at The Gathering by HousingWire on Wednesday, April 25, 2024. Photo credit: AJ Canaria It was initially billed as a discussion centered on the “biggest threats to a healthy mortgage landscape for homebuyers,” but some breaking news disrupted some of those plans. The Consumer Financial Protection Bureau (CFPB) expanded its war on “junk fees“ to encompass mortgage servicing minutes before a session at The Gathering by Housing

Loans 357
article thumbnail

Anywhere focused on cost-cutting as revenue holds steady

Real Estate News

Revenue and agent count dipped slightly, but the company highlighted the strength of its Sotheby’s brand and its progress toward a $100 million savings goal.

Branding 146

More Trending

article thumbnail

Is a Multi-Generational Home Right for You?

Keeping Current Matters

Ever thought about living in the same house with your grandparents, parents, or other loved ones?

184
184
article thumbnail

Kristen Sieffert leads the reverse mortgage presence at The Gathering

Housing Wire

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona. The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR)

Mortgages 314
article thumbnail

Mixed market signals: Mortgage rates shoot up, sales trend positive

Real Estate News

Even as interest rates and prices keep rising, new and pending home sales have ticked up.

Sales 170
article thumbnail

reAlpha launches AI-powered buyers’ agent chatbot

Housing Wire

Real estate technology company reAlpha Tech Corp. launched Claire, a generative artificial intelligence -powered, zero-commission buyers’ agent chatbot, the company announced on Wednesday. Claire boasts a conversational interface to guide users through every step of the homebuying journey, from property search to deal closing. The tool helps match buyers with the ideal property while providing insights into market trends and property values.

Agents 314
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

article thumbnail

Sitzer | Burnett judge consolidates 2 nationwide commission suits

Inman

The Gibson and Umpa cases allege Berkshire Hathaway Energy, eXp, Redfin, Weichert, United Real Estate, Douglas Elliman, HomeSmart and others conspired against homesellers nationwide.

Brokerage 113
article thumbnail

Survey shows that discrimination in housing persists: Zillow

Housing Wire

The majority of respondents to a recent Zillow survey said they have experienced discrimination in housing, with racial minorities and members of the LGBTQ+ community among the groups reporting fair housing issues at even higher rates. Zillow surveyed more than 12,000 adults across 26 U.S. metro areas in March and April to gain a “comprehensive understanding” of the fair housing landscape.

Staging 298
article thumbnail

Stop micromanaging your agents. It’s time to start leading them

Inman

Growing and scaling a team is one of leadership's most challenging yet rewarding aspects. Side's Manny Solis shares insights to consider when examining your own leadership style.

Agents 98
article thumbnail

Former Keller Williams agents continue their legal actions 

Housing Wire

Keller Williams was named to an additional class-action lawsuit on Thursday that, like other recent cases, takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, 13 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine, John Exnicios and Michael Devlin — took legal action against the real estate brokerage by fi

Agents 296
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

article thumbnail

Anywhere’s revenue holds steady in Q1 amid ‘tough’ housing market

Inman

Generated revenue remained flat at $1.1 billion from the same period a year ago while the franchisor improved net losses by 27 percent year over year to a loss of $101 million, according to a Thursday earnings call.

article thumbnail

Pending home sales post a modest gain in March:  NAR

Housing Wire

Pending home sales increased by 3.4% in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Sales were essentially flat compared to one year ago. NAR’s Pending Home Sales Index increased to 78.2 in March, up from 75.6 in February and good for its highest reading in a year.

Sales 266
article thumbnail

10 essential brand-building tips for first-year real estate agents

Inman

When it comes to your personal brand, coach Darryl Davis writes, it's a case of say what you mean, and mean what you say about service.

Branding 102
article thumbnail

Anywhere reports losses during the slower winter season

Housing Wire

Anywhere Real Estate felt the brunt of the challenging housing market again in the first quarter of 2024 as the company reported a loss of $101 million during the three-month period. It generated $1.1 billion in revenue in the first quarter of 2024, which was flat on a year-over-year basis. But transaction volume increased by 2% during the three-month period, marking the first annualized increase in two years.

Branding 256
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

article thumbnail

Broker Spotlight: Nancy Almodovar, Nan and Co. Properties

Inman

Find out how award-winning Houston broker-owner Nancy Almodovar differentiates her service and elevates her agents at Nan and Company Properties.

Agents 102
article thumbnail

NAF’s Gatling: Recognize that diverse communities are the norm

Housing Wire

The way that someone refers to the concept of diverse communities in their interactions with consumers and housing professionals can be a key indicator about their mindset. Antiquated terminology should be checked and minimized for anyone who wants to keep up with the times. That was one of the messages shared by Mosi Gatling, senior vice president of strategic growth and expansion at New American Funding (NAF), during a session at The Gathering by HousingWire held in Scottsdale, Arizona, this w

Mortgages 246
article thumbnail

Growing real estate portal Movoto inks exclusive GreatSchools deal

Inman

The deal will make Movoto the sole provider of some GreatSchools data. It also comes as portals compete to differentiate themselves.

article thumbnail

Wendy Forsythe joins eXp Realty as chief marketing officer

Housing Wire

Real estate brokerage eXp Realty has added industry veteran Wendy Forsythe to its leadership team. On Thursday, the firm announced that Forsythe was joining eXp as its new chief marketing officer. According to the release, in this role, Forsythe will be responsible for building the firm’s marketing strategies and global initiatives, working to expand the company’s brand visibility.

Marketing 246
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

article thumbnail

Fargo Brokerage Joins Better Homes And Gardens Real Estate

RIS Media

Better Homes and Gardens Real Estate Advantage One, located in Fargo, North Dakota, is the latest firm to join the Better Homes and Gardens brand, the company has announced. First founded in 1989, an ownership group led by Drew Likness has operated the company since 2019, acquiring it from founders and long-time owners Neil Graf… The post Fargo Brokerage Joins Better Homes And Gardens Real Estate appeared first on RISMedia.

article thumbnail

Understanding Georgia’s Transfer Tax: A Quick Guide

HomeLight

Selling your home in Georgia can be complicated. The time it takes to make a sale, combined with the number of fees and costs to consider can be overwhelming. One fee that you might not have considered is the real estate transfer tax. Transfer taxes are fees imposed by the state, county, or city when property changes hands. They are typically calculated based on the property’s sale price or its assessed value, though it will depend on where you are location.

article thumbnail

Newsmakers Spotlight: Ryan Davis at the Forefront of DEI Education, Ensuring Equity Across the Industry

RIS Media

Ryan Davis, vice president of Diversity, Equity and Inclusion (DEI) at the National Association of REALTORS® (NAR), has evolved into a leader that over 1.5 million members across over 1,000 state and local REALTOR® associations turn to for strategy and guidance. His drive and determination to shape an equally represented real estate industry is a… The post Newsmakers Spotlight: Ryan Davis at the Forefront of DEI Education, Ensuring Equity Across the Industry appeared first on RISMedia.

Equity 78
article thumbnail

Instant Reaction: Mortgage Rates, April 25, 2024

NAR: Economic Outlook

Instant Reaction: Mortgage Rates, April 25, 2024 Mortgage interest rates for the week sit at an average of 7.17%, and may show little dramatic downward movement any time soon.

article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

article thumbnail

eXp Realty Hires Wendy Forsythe as Chief Marketing Officer

RIS Media

Above, Wendy Forsythe eXp Realty® has announced the appointment of Wendy Forsythe as chief marketing officer. She will be responsible for building eXp Realty’s marketing strategies and initiatives globally. Forsythe previously held executive real estate positions at Compass, Fathom and HomeSmart International. “Wendy’s extensive experience and passion for real estate marketing uniquely position her to… The post eXp Realty Hires Wendy Forsythe as Chief Marketing Officer appeared

article thumbnail

Member Engagement Tools for MLS and Realtor Associations

GeekEstate Agents & Brokers

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Solid Earth] Creating technology solutions for MLSs and Realtor Associations, Solid Earth launched the first web-based MLS platform, List It, in 1999. Since launching the Spring website platform for MLSs, the first full public website search for an MLS, in 2000 they also released Downstream IDX, a tool for agents to connect directly to their MLS platform.

MLS 64
article thumbnail

The Impact of Liens on Real Estate Sales

RIS Media

A property lien is not just a term but a significant factor that can influence the outcome of home sales. Essentially, a lien is a legal claim or right against a property instituted by a creditor to secure debts or obligations owed by the homeowner. Its presence is a critical aspect that both buyers and… The post The Impact of Liens on Real Estate Sales appeared first on RISMedia.

Sales 70
article thumbnail

6 Flat Fleet MLS Companies in Louisville

HomeLight

If you’re considering selling your Louisville home on your own, a flat fee MLS listing service might be the best way to get your property in front of as many buyers as possible. A flat fee MLS service allows homeowners to list their property in the local multiple listing service (MLS), expanding their reach to potential buyers while still maintaining control over the selling process.

MLS 63
article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.