Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 414

Industrial MLS FHA loan Agents 414

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If Potentially, the seller’s agent may have more of a voice than they historically have had in terms of recommending a title provider,” Frasier said.

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Title Industrial Purchase and sale agreement Agents 404

Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In We are a company of top agents.” annual increase in the number of transactions closed by Compass agents, which came in at 38,449 sides for a volume of $40.1 or more.

Agents 370

Agents Brokerage Investor MLS 370

Housing Wire

MARCH 25, 2024

NAR’s settlement, which could go into effect as early as July, will eliminate the long-standing “Participation Rule” that requires listing agents to make an offer of cooperative compensation to buyers’ agents. Under the current system, the buyer agent’s commission is baked into the price paid for a home.

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Agents VA loan Loans Mortgages 432

Housing Wire

JANUARY 23, 2024

It boasts its own in-house digital transaction management platform, a network of agents, in-house title and mortgage services, as well as a 24/7 “concierge” service. As a real estate hub, Xome offers services such as asset management, property disposition, title, close and valuation through an integrated, technology-driven platform.

Industrial 399

Industrial Title MLS Technology 399

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that. I was at a listing appointment for a $2.5

Agents 423

Agents Industrial Closing costs As-is 423

Housing Wire

AUGUST 9, 2022

Not many would count the title industry among the economy’s technology leaders. More than a few observers have referred to us as a mom-and-pop industry because it’s comprised of a significant number of small agencies. In fact, many title agents will proudly tell you that ours is a “traditional” industry.

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Title Industrial Technology Closing 477

Housing Wire

OCTOBER 3, 2023

HousingWire recently spoke with Ashley Terrell, chief revenue officer at Milestones , about the value of real estate agents and why it is critical for the industry to start helping buyers’ agents justify their value not only during the 30-60 day transaction period but through the 7-10 year period of homeownership.

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Agents Staging Technology Industrial 397

Housing Wire

JUNE 1, 2022

One avenue to reduce cost and streamline the closing process is to offer digital closings. A recent Marketwise eClose ROI study found that lenders can save nearly $450 and settlement agents up to about $100 per loan due to time eliminated, improvements in transactional quality, and costs associated with printing and mailing documents.

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Closing Title Loans Technology 392

Housing Wire

OCTOBER 13, 2023

Berg told ALTA One attendees that they should be particularly wary of escrow account “shenanigans” and that they need to keep tabs on how builders and real estate agents are shifting funds around through escrow accounts. Or as Berg also put it: “Fraudsters gotta eat too.” Our realtor partners are hurting,” Berg said.

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Title Industrial Land Technology 420

Housing Wire

APRIL 2, 2024

Agents are the lifeblood of real estate brokerages. Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits.

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Agents Brokerage MLS Technology 323

Housing Wire

SEPTEMBER 6, 2023

The second thing that could happen is that more and more buyers will go directly to the listing agent, in which case they are clearly unrepresented. If an agent files a buyer’s agency agreement for me, the broker, to review, the work flows just aren’t there in our document management system,” Pearson said. he posited.

Industrial 414

Industrial MLS Agents Equity 414

Housing Wire

JULY 18, 2023

Agent recruitment has been off to a strong start this month at The Agency Dallas. In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. He closed $23 million in sales volume in 2022. and Mexico.

Agents 367

Agents Loan Officer Principal Brokerage 367

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads. We now have a time clock of about six months.

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Closing Mortgages Industrial Loan Officer 410

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

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VA loan Agents Seller concession FHA loan 448

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI. So, what that means is, that we have to invest in building intentional expertise.”

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Title Industrial Land Technology 367

Housing Wire

NOVEMBER 12, 2021

Foglia Brandy has officially been with Cohen Closing and Title for five years now and is currently working as a closing agent and the director of business development. “I I lead a team of closing agents and marketers and work with them to help grow the business and expand into different areas,” Foglia Brandy said.

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Title Industrial Closing Technology 350

Housing Wire

FEBRUARY 14, 2024

successfully closed on the sale of this luxury, 4,700-square-foot property on Park Avenue on the Upper East SIde of Manhattan for $13 million. I’ll show you what it takes to succeed as a luxury real estate agent in any market. I’ll show you what it takes to succeed as a luxury real estate agent in any market.

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Agents Branding Design Development 399

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. I wanted to close before May 1, so I selected a buyer who was already in underwriting. Congratulations!” You just sold your house.” And that was that! They were wrong.

Agents 401

Agents Brokerage Loan Officer Closing 401

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job? These are large language models (LLMs).

Agents 370

Agents Technology Development Industrial 370

Housing Wire

JANUARY 3, 2023

Lowrie was most recently the president and CEO of Dytrix , a fintech company that enables secure financial transactions that includes closing agent management and real-time wire/ACH transfer validation for institutions. Regina Lowrie, the first female chair of the Mortgage Bankers Association.

Industrial 449

Industrial Mortgages Banks Residential 449

Housing Wire

MAY 13, 2024

population moving to the South, and 16% of Compass transactions last year being referrals, our expansion in the Southeast allows for more connections and opportunities for our agents as our national network grows.” “With the continued migration of the U.S. With the continued migration of the U.S.

Brokerage 378

Brokerage Branding Agents Industrial 378

Housing Wire

NOVEMBER 29, 2023

However, the tactical approach of regular check-ins and focusing on retention as a cornerstone of fortifying your real estate agent ranks is often underestimated or overlooked. According to the National Association of Realtors (NAR), the average tenure of an agent with a brokerage is six years.

Agents 412

Agents Brokerage Technology Staging 412

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. So let your personality shine.

Agents 392

Agents Construction Design Branding 392

Housing Wire

SEPTEMBER 28, 2021

But as lenders scrambled to keep up with demand, closing errors naturally crept in. In the wake of this unparalleled volume, companies across the housing industry have been working to increase the efficiencies of the entire lending process – including getting closings correct the first time around. Happier borrowers.

Closing 366

Closing Lending Title Loans 366

Housing Wire

NOVEMBER 2, 2022

The housing industry, from servicers to real estate agents and more, will feel the impacts of this year’s hurricane season far beyond 2022. We have lenders coming to us asking about the potential impact of a mortgage loan closing should the NFIP lapse. The NFIP’s authority to operate must be periodically renewed by Congress.

Industrial 367

Industrial Seller disclosure Mortgages Principal 367

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

Loans 479

Loans Closing Mortgages Equity 479

Housing Wire

AUGUST 9, 2022

The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). California-based mortgage lender loanDepot is shutting down its wholesale division amid plummeting origination volumes and widening financial losses in the second quarter. billion and $10.5

Closing 471

Closing Principal Lending Loans 471

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Real estate agents need to brace themselves for a shift as we witness a market more reminiscent of previous pandemic years. Change is on the horizon. Will we get more inventory? The strategy has changed for buyers.

Agents 430

Agents Equity New Construction Days on market 430

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. Looking ahead to Q4 2023, ICE expects near-term cyclical headwinds in the mortgage industry to persist.

Industrial 274

Industrial Mortgages Technology Loan Officer 274

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

Industrial 351

Industrial Residential Mortgages Investor 351

Housing Wire

JULY 31, 2022

The pandemic transformed traditional business practices and gave way to a digital revolution that has impacted nearly every industry. This demand for digital business solutions is here to stay and leaders in the mortgage industry are adapting to the changing needs of borrowers everywhere.

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Closing Technology Commercial Title 329

Housing Wire

AUGUST 14, 2020

This week, industry experts discuss how to navigate client and referral partner expectations and minimize closing times when factors like these begin to decelerate the buying process. I get it, the seller needs to move, but doing a quick closing to incentivize the seller to accept your offer is no longer a selling point.

Closing 477

Closing Lending Loan Officer Title 477

Housing Wire

OCTOBER 25, 2023

Long known for its salaried compensation for agents, Redfin is trying a new pay model in two of the nation’s largest housing markets to help boost its market share. According to Redfin CEO Glenn Kelman , the other aim of this change is to create million-dollar agents. “We So, we really think we struck the right chord here.”

Agents 383

Agents Staging Investor Technology 383

Housing Wire

AUGUST 15, 2023

Gary Keller took to the stage at the 2023 Keller Williams Mega Agent Camp in Austin, Texas , Tuesday morning with his usual bravado: a black-and-white video featuring his favorite animal, the buffalo , in a thunderstorm, alongside a motivational message for agents. Our industry is in a recession,” Keller said.

Agents 365

Agents Marketing Staging Industrial 365

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Agents 389

Agents Loan Officer Lending MLS 389

Housing Wire

JANUARY 14, 2021

The mortgage industry has not traditionally been the vanguard of digital adoption, particularly in data intelligence and applied machine learning. The mortgage industry has been forced to respond to the massive and sudden work-from-home mandates. It is no longer a means to experiment with a differentiating model.

Industrial 477

Industrial Mortgages Lending Loans 477