article thumbnail

Republic First Bank closes, sells to Fulton Bank 

Housing Wire

FDIC), the appointed receiver, explained in a statement. The FDIC estimates that the cost related to the failure will be $667 million. Fulton is purchasing $6 billion in assets from Republic, including its $2 billion investment portfolio and $2.9 billion in loans. Republic had an active business that specialized in jumbo mortgage products.

Banks 370
article thumbnail

SoftPro unveils ClosingsLIVE, its closings communication portal

Housing Wire

SoftPro , the nation’s top provider of title , closing, and escrow software, announced on Thursday that it has launched ClosingsLIVE, a cutting-edge communication portal for real estate settlements. SoftPro is a leading provider of title, closing, and escrow software in the United States.

Closing 364
Insiders

Sign Up for our Newsletter

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

article thumbnail

Rocket launches loyalty program, gives discount for closing costs

Housing Wire

In the first phase of the program, customers can use points to get discounts on their closing costs when purchase a home through the subsidiary Rocket Mortgage. To start, customers will receive a 7,500-point welcome bonus on their first reward activity – or $75 in savings on closing costs.

article thumbnail

Mid America Mortgage rebrands to Click n’ Close

Housing Wire

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

Closing 368
article thumbnail

Quicken brand will be officially retired on July 31

Housing Wire

Five years after introducing the Rocket Mortgage brand for digital lending, Rocket Companies will finally retire the legacy Quicken name on July 31. With this official name change, we will have a consistent brand that is synonymous with innovation and excellence.” He bought it back from Intuit for $23.3

Branding 384
article thumbnail

Are you overpromising real estate closing times?

Housing Wire

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 485
article thumbnail

Wendy Forsythe joins eXp Realty as chief marketing officer

Housing Wire

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. She will also oversee eXp Realty’s brand management and advertising, as well as the firm’s digital marketing and public relations.

Marketing 370