Housing Wire

AUGUST 17, 2023

With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. Just three title insurance firms made the annual Inc. Nine title insurers made the list in 2022. Virginia Beach, VA-based Priority Title made the list again in 2023. 5000 – 2023

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Housing Wire

SEPTEMBER 14, 2021

Real estate brokerage Compass announced Monday that is has signed an agreement to acquire Dallas-based title insurance company LegacyTexas Title Co. , its latest foray into the title and escrow space. Financial terms of the deal – which should boost the brokerage’s margins – were not disclosed.

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Housing Wire

AUGUST 15, 2023

The Real Brokerage Inc. In her new role, Rozenblat will be responsible for overseeing Real’s day-to-day operations, implementing strategies to enhance efficiency and ensuring the execution of the virtual brokerage’s tech vision. She’ll undoubtedly stay busy at Real, one of the nation’s fastest-growing brokerages.

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Housing Wire

SEPTEMBER 20, 2021

Radian Group recently announced the launching of its title insurance and closing services platform, titlegenius, in Arizona, California, Nevada, Ohio and Pennsylvania. Many home buyers are unaware that they have choices when shopping for title insurance. Biden administration prioritizes cybersecurity as fraud risks grow.

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Title Brokerage Technology Closing 297

Housing Wire

SEPTEMBER 28, 2021

New York-based real estate brokerage Compass announced Tuesday that it has signed an agreement to acquire CommonGround Abstract, LLC., a Philadelphia-based title insurance company. The agreement marks Compass’s fifth title insurance company acquisition this year and third this month. based KVS Title.

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Housing Wire

JANUARY 10, 2022

The Hanna Family of Companies , the parent company of Howard Hanna Real Estate Services , announced the merger of Erie Title Agency, Inc and Barristers of Ohio to form Erie Title Barristers Group on Wednesday. The Cleveland-based Erie Title has been serving clients in Ohio since 1998.

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Title Brokerage Closing Technology 329

Housing Wire

APRIL 2, 2023

The Qualia platform includes modern, cloud-based products that provide the transaction infrastructure for title and escrow organizations of all sizes, from smaller agencies and real estate law firms to multi-state operations operating at scale.

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Title Banks Brokerage Closing 341

Housing Wire

MARCH 22, 2021

The state of Washington is set to revoke the license of Modus , a title and escrow service software company owned by Compass, effective April 1. The complaint points to six separate instances where Modus gave or offered to give non title-related services without charging or receiving a fee equal in value to the services provided.

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Title Staging Brokerage Renovation 423

Housing Wire

MARCH 16, 2021

Real estate technology company Lone Wolf Technologies announced its launch of Digital Title Orders, a digital title solution allowing agents to select their preferred title provider and submit orders directly within a transaction. Lone Wolf officials said they expect to onboard 80% of title companies by the end of 2021.

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Title Technology Closing Brokerage 362

Housing Wire

OCTOBER 31, 2022

Third-quarter earnings season kicked off with a bang last week with three ( Stewart, First American and Old Republic ) out of the Big Four title insurers reporting their earnings on Thursday. The firm’s title segment reported an operating revenue of $647.9 At Stewart , Q3 revenue came in at $716.4 million, down from $836.7

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Housing Wire

SEPTEMBER 27, 2022

Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew. The Real Brokerage, headquartered in Ontario, Canada, will pay $1.25 “We are excited to be joining forces with The Real Brokerage.

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Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. The self-reported list ranks U.S. 186 spot on the Inc.

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Brokerage Title Agents Residential 367

Housing Wire

MAY 28, 2024

Fathom Holdings , the parent company of cloud-based real estate brokerage Fathom Realty , appointed Jon Gwin as chief operating officer. A licensed real estate broker since 2006, he managed a brokerage in San Diego and he also played a crucial role in establishing some of the first compliance management systems in the mortgage industry.

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Industrial Brokerage Title Branding 274

Housing Wire

SEPTEMBER 22, 2021

Real estate brokerage Compass announced Wednesday that it has signed an agreement to acquire Denver metro area based title insurance company First Alliance Title LLC , its fourth title insurance acquisition in the past year and second this month. based KVS Title. The company’s license is not being revoked.

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Title Brokerage Finance Loans 273

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 Like many other brokerages , the firm is still in the red (it lost over $20 million last year). The brokerage now operates in 47 states in the U.S. The virtual brokerage in March disclosed that it is raising fees on agents. million loss year over year.

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Brokerage Agents Title Lending 296

Housing Wire

MARCH 26, 2021

Judd Hoffman has been hired as chief executive officer for Proper Title LLC , an Illinois-based title insurance agency that’s backed by top independent real estate brokerage @properties. There, he oversaw States Title use of predictive analytics and technology on its title and escrow platform.

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Title Title search Brokerage Lending 252

Housing Wire

MAY 7, 2024

With a 67% annual increase in agent count to 16,680 agents during the first quarter of 2024 , it is no surprise that The Real Brokerage also recorded an 86% annual increase in revenue to nearly $201 million. With Pro Teams, a team or brokerage firm is able to maintain its own internal economics and commission models.

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Industrial Agents Brokerage Title 422

Housing Wire

JANUARY 11, 2024

One potential stream that quickly comes to mind is the potential of capturing title and closing business. For the most part, many brokerages and real estate agents on the buyer’s side of the transaction have continued on with a “business as usual” approach until we have certainty as to the true impact.

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Title Brokerage Construction Closing 410

Housing Wire

FEBRUARY 24, 2021

Digital notary startup Notarize is now offering free notarizations in an effort to eliminate racial covenants in title insurance documents. “Changes to a title require a document to be notarized, and Notarize wanted to help,” said Cristin Culver, a spokesperson for Notarize. Notarize stepped in to offer help.

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Title Brokerage Closing Sales 330

Housing Wire

FEBRUARY 2, 2024

Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida -based title fi r m Citrus Closing Group , according to an announcement on Thursday. “We This partnership is poised to enhance agents’ title experiences through streamlined processes, exceptional service and unparalleled mobility.”

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Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “One share of the market controlled by small, independent title insurance companies. This article is part of our HousingWire 2022 forecast series.

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Title Closing Industrial Technology 311

Housing Wire

SEPTEMBER 9, 2020

A partnership between Realogy Title Group and Notarize that has sought to accelerate the adoption of remote online notarizations hit a milestone in the first half of 2020. ” The post Notarize and Realogy Title Group see 200% spike in RON closings appeared first on HousingWire. It’s a welcome improvement.”.

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Title Closing Branding Brokerage 327

Housing Wire

SEPTEMBER 30, 2020

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The Rand family will continue managing the new firm, which also has a commercial arm and a title services business. “At

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Brokerage Commercial Title Closing 404

Housing Wire

MAY 1, 2024

This collaboration extends to various initiatives, including being the title sponsor for the annual Titans 5K race and hosting community tailgates at Nissan Stadium. Since its inception, the brokerage has onboarded more than 30 top agents, including Roi Klipper, Sweta Patel, Melissa Rubenstein, Jacki Lee and Jina Kusuman.

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Brokerage Title Agents Branding 411

Housing Wire

APRIL 12, 2022

Samson is the CEO of Samson Properties , a rapidly growing Northern Virginia-based brokerage. Samson has a different business model and branding than Compass, but both brokerages identify as “agent-centric.”. I try to kill them with kindness,” Samson said, giving agents “the resources to build that relationship” with Cardinal Title.

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Title Brokerage Agents Branding 370

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 licensed brokerage , it operates in all 50 states, and its real estate database is powered mostly by MLS-listed homes in the U.S.

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Industrial Title MLS Technology 374

Housing Wire

OCTOBER 19, 2023

The Real Brokerage has appointed Christian Wallace as chief of integrated home services, the company announced on Thursday. Prior to joining the brokerage , Wallace worked at some of the leading companies in the industry, such as Rocket Homes , Better.com , Opendoor and Farmers Insurance. At Rocket Homes where Wallace worked from Feb.

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Title Brokerage Industrial Development 339

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

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Brokerage Principal Title Equity 342

Housing Wire

JUNE 20, 2023

During this National Homeownership Month in particular, homeowners should be wary of a new business practice preying upon vulnerable homeowners — non-title recorded agreements for personal service ( NTRAPS ), long-term listing agreements that entrap consumers. June is National Homeownership Month.

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Purchase and sale agreement Title Land Brokerage 374

Housing Wire

SEPTEMBER 13, 2023

Rather than a multi-year average of EBITDA or Gross Margin as the basis for the value of a brokerage firm (or their related counterparts in mortgage, title, escrow, and property management), valuations now are based Trailing Twelve Months (TTM or LTM) results. In fact, the level of in-market combinations has not declined much at all.

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Brokerage Property Management Title Residential 307

Housing Wire

AUGUST 17, 2023

The CFPB claims that Freedom entered into marketing services agreements with more than 40 real estate brokerages, with monthly payments to brokerages totaling approximately $90,000. Freedom reportedly denied requests for event sponsorship from real estate brokerages that did not refer mortgage business to Freedom’s loan officers.

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Mortgages Loan Officer Brokerage Title 370

Housing Wire

NOVEMBER 10, 2021

Despite a net loss of $100 million in the third quarter of 2021, Compass CEO Robert Reffkin said he was thrilled with how the brokerage had performed. “I Also trending down from the second quarter is the brokerage’s market share which fell to 5.4% One encouraging sign is that the brokerage’s revenue grew 47% year-over-year to $1.74

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Title Brokerage Loan Officer Principal 368

Housing Wire

AUGUST 3, 2023

8 by both transaction sides and sales volume in the 2023 RealTrends 500 brokerage rankings. @properties announced the promotion of Branden Lopez to the position of General Counsel. This move comes as @properties aims to expand its business and enhance legal support across its portfolio of enterprises. properties was ranked No.

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Title Brokerage Branding Commercial 309

Housing Wire

JULY 19, 2023

The executive shake ups in the brokerage space are continuing this week, with Compass announcing that Mark McLaughlin is returning to the firm to serve as Chief Real Estate Strategist. McLaughlin previously became a key member of Compass in 2018 when the brokerage purchased his firm, Pacific Union , for north of $80 million.

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Brokerage Title Agents Industrial 309

Housing Wire

MARCH 9, 2022

the M&A-hungry parent of cloud-based real estate brokerage Fathom Realty , achieved supercharged growth in 2021. Leaders optimistic about future of brokerage. The brokerage’s agent count also grew 48% year over year to 8,100 agents. Fathom Holdings Inc. , In 2020, flat-fee absolutist Fathom lost $1.3 This is up from $3.6

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Title Brokerage Investor Agents 322

Housing Wire

FEBRUARY 23, 2024

For brokers who are franchise owners in a big-box brokerage model , upstream costs can make it difficult to maintain profitability. For brokers who are franchise owners in a big-box brokerage model , upstream costs can make it difficult to maintain profitability. Pursue strategic partnerships with lenders or title companies.

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Brokerage Development Property Management Title 321

Housing Wire

JULY 25, 2023

The firm’s owned brokerage group, Anywhere Advisors , recorded a 21% annual decline in transaction sides to 75,506. The brokerage conglomerate said it recorded a cost savings of roughly $50 million in the quarter, and is on track to deliver cost savings of $200 million for the full year. million to 4.3

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Purchase and sale agreement Title Brokerage Branding 280