Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. Canada’s central bank Bank of Canada raised interest rates by a full percentage point on Wednesday to 2.5%, marking the largest one-time increase since 1998.

Brokerage 406

Brokerage Mortgages Banks Lending 406

Housing Wire

OCTOBER 23, 2023

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Clean data vs. dirty data So what data should be clean? Data cleanliness can make or break a transaction!

Due diligence 410

Due diligence Brokerage Staging Agents 410

Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 416

Brokerage Mortgages Loan Officer Banks 416

Inman

APRIL 18, 2024

First Federal Bank continues expansion of its nationwide mortgage lending operations with deal to acquire Watson Mortgage Corp. and investments in digital solutions.

Mortgages 156

Mortgages Brokerage Banks Lending 156

Inman

FEBRUARY 26, 2024

Approximately 28 percent of brokerage leaders believe "recruiting and retaining talent" will be their most challenging responsibility one year from now, according to results from the Inman Intel Index survey.

Brokerage 172

Brokerage Lending Banks Mortgages 172

Housing Wire

OCTOBER 24, 2023

last year, has joined brokerage firm UMortgage , the company announced on Tuesday. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm. He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. and Paramount Bank.

VA loan 417

VA loan Loans Loan Officer Brokerage 417

Housing Wire

APRIL 17, 2023

NAF is looking for a 50/50 joint venture between the California-headquartered lender for virtually any size real estate brokerage, a larger agent team, a new home builder and a wholly-owned mortgage business. The two lenders will each own 50% stake in the JV.

Brokerage 377

Brokerage Banks Loan Officer Mortgages 377

Housing Wire

MARCH 11, 2024

Broker Kathy Kaye and agent Lorraine Baker joined Coldwell Banker Warburg , a New York City-based real estate brokerage, the company announced last week. Before venturing into real estate, Baker worked in banking and sales. “I Kaye and Baker each bring $200 million in career sales volume to the firm, according to its press release.

Development 425

Development Brokerage Banks Agents 425

Housing Wire

SEPTEMBER 5, 2023

Another plus for non-QM lending has been the volatility in the banking sector. “I Additionally, many banks have tightened their credit boxes, and banks expect to further tighten those lending standards through the rest of the year, according to the Federal Reserve’s quarterly senior loan officer opinion survey.

Marketing 391

Marketing Lending Loan Officer Banks 391

Housing Wire

APRIL 9, 2024

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. Lenders are a mix of credit unions, commercial banks, and mortgage lending companies.

Fixed-rate mortgage 433

Fixed-rate mortgage Loans Mortgages Loan Officer 433

Housing Wire

FEBRUARY 27, 2024

Broomall, Pennsylvania-headquartered Xactus, founded in 1928, has more than 6,500 clients ranging from the largest bank and nonbank mortgage originators to credit unions and mortgage brokerages.

Technology 400

Technology Mortgages Banks Brokerage 400

The Close

OCTOBER 26, 2023

Opening your own brokerage is a huge milestone in your real estate career. However, if you don’t accurately estimate your real estate brokerage expenses, your startup dream can quickly become a nightmare. In my 28-year career in real estate, I have launched or coached more than 20 startup real estate brokerages.

Brokerage 91

Brokerage Branding Agents As-is 91

Inman

MARCH 13, 2023

Silicon Valley Bank, which federal regulators took control of Friday following a run on the bank, understood the digital age, supported entrepreneurs and understood our needs, writes Inman founder Brad Inman.

Banks 137

Banks Lending Technology Brokerage 137

Marco Santarelli

NOVEMBER 8, 2023

Brokerages have suffered, with some even shutting down. Now, this trucking bloodbath has claimed an unexpected victim – Citizens Bank of Sac City, Iowa. According to the Federal Deposit Insurance Corporation (FDIC), Citizens Bank, a state-chartered bank with approximately $66 million in assets, has failed.

Banks 52

Banks Commercial Loans Industrial 52

Housing Wire

MAY 14, 2024

Homeownership is used far too often as the federal piggy bank. Last week, we wrote a letter to FHA , offering constructive suggestions to ensure a level playing field between borrowers where the seller agrees to fund buyer brokerage commissions and where the seller doesn’t. Such opportunities may arise.

FHA loan 342

FHA loan Loans Title Mortgages 342

Housing Wire

MARCH 22, 2023

Consumer demand for home loans rose for the third consecutive week due to declining mortgage rates , following the turbulence in the financial markets caused by regional bank failures. Mortgage-backed securities, usually long-term investments and one of the last resources to improve banks’ liquidity, are among these assets.

Mortgages 405

Mortgages Banks Loans Brokerage 405

Housing Wire

APRIL 5, 2023

billion in production across 109,882 loans and Bank of America at $52.60 Bank, Fairway, First Republic Bank and CrossCountry rounded out the top 10 in terms of volume, according to the CFPB data. Rounding out the top five in terms of volume were JPMorgan Chase at $54.25 billion across 121,451 loans. LoanDepot originated $52.53

Mortgages 370

Mortgages Banks Loans Lending 370

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 427

Loans Mortgages Banks Fixed-rate mortgage 427

Housing Wire

FEBRUARY 13, 2024

REdistribute provides clean, timely, highly compliant, and accessible listings data, which complements our comprehensive property data solution for banks, portfolio managers, government agencies and others who need access to the best, most up to date information on the housing market.”

MLS 405

MLS Technology Mortgages Residential 405

Propmodo

JANUARY 17, 2023

Today, large companies in the insurance and banking industries are still the ones most likely to have chief data officers but the executive role has spread beyond those sectors. Other prominent commercial real estate brokerages, such as Cushman & Wakefield and CBRE, have also appointed chief data officers.

Commercial 115

Commercial Brokerage Technology Banks 115

Realty Biz

FEBRUARY 9, 2023

The real estate sector is no different - a recent round of layoffs among brokerage firms, large-scale agencies, and other professional real estate companies has shaken the very pillars of the industry. Let’s take a closer look at what this brokerage bust might mean for real estate professionals everywhere.

Brokerage 85

Brokerage Lending Banks Mortgages 85

Housing Wire

APRIL 3, 2023

Profitability has been a sore spot for Robert Reffkin and his brokerage, Compass. Reffkin doesn’t shy away from the fact that the brokerage has received billions in venture capital and debt. Reffkin doesn’t shy away from the fact that the brokerage has received billions in venture capital and debt.

Banks 380

Banks Brokerage Closing As-is 380

GeekEstate

FEBRUARY 23, 2023

TAKING FLIGHT Profit margins for brokerages are abysmal in most cases—without ancillary services, losses would accumulate in a hurry. The Wendover video lays out a compelling case that airlines aren’t transportation companies as they appear on the surface, but rather they’re effectively operating as banks. It sure pays to be loyal.

Banks 64

Banks Brokerage Branding Closing 64

Housing Wire

APRIL 1, 2024

NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29 The lawsuit states that Kortas controls the company, bank accounts, and profit distributions. The lawsuit states that Kortas had 50.5% of the company and Grella had a 49.5% billion in mortgage loans in 2023, according to Kortas.

Loan Officer 411

Loan Officer Brokerage Mortgages Loans 411

Housing Wire

JANUARY 14, 2022

HomeSmart is a growing real estate brokerage that may go public, but the company faces questions about its business model and the compensation of founder and CEO Matt Widdows. HomeSmart, like Compass , Keller Williams , eXp and other brokerages, states it has unique technology to modernize real estate. investment bank in Los Angeles.

Brokerage 417

Brokerage Loan Officer Banks Agents 417

The Close

NOVEMBER 6, 2023

Today’s sophisticated agents want more from their real estate brokerage than just the basic file review, supervision, and commission disbursement. So if you don’t want your brokerage to get left in the dust, you will need to step up the real estate services you provide. You’ll quickly overload yourself and your staff.

Brokerage 82

Brokerage Agents Branding Staging 82

Housing Wire

JULY 15, 2022

The bank’s home lending business revenues reached $972 million, declining 35% compared to the prior quarter and 53% compared to the same period of 2021. The higher rate environment and a more competitive landscape were responsible for the dip, executives at the bank said Friday. billion in the same period of 2021.

Mortgages 427

Mortgages Lending Banks Brokerage 427

Housing Wire

APRIL 9, 2024

Homeownership is used far too often as the federal piggy bank. Last week, we wrote a Letter to FHA , offering constructive suggestions to ensure a level playing field between borrowers where the seller agrees to fund buyer brokerage commissions and where the seller doesn’t. Such opportunities may arise.

FHA loan 446

FHA loan Loans Title Mortgages 446

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. million shares to the investment banks underwriting the initial public offering. would give the brokerage a “fully diluted market value of $12.5

Marketing 387

Marketing Brokerage Residential Banks 387

REM Online

APRIL 15, 2021

The original post can be found at the following URL: Banks and credit unions are changing Canada’s real estate industry. Insightt now predicts that in the next five years, most major banks and credit unions will own their own real estate brokerage company. Here are some of the reasons we think that will happen.

Banks 94

Banks Industrial Brokerage 94

Housing Wire

MAY 18, 2023

The annual cost would be “extremely onerous for small and mid- brokerages and risks putting the majority of brokerages out of business,” according to the letter. Preparing audited financials would cost the average mortgage broker $10,000 or more, AIME noted.

Brokerage 378

Brokerage Loans Mortgages Banks 378

Housing Wire

MAY 13, 2021

Compass has successfully become a publicly traded company, but the residential brokerage continues to lose money and it has unclear plans to generate more revenue. Compass CEO Robert Reffkin said that the brokerage is “expanding our adjacent service business” into title and escrow, and “plans to provide” mortgage services.

Mortgages 407

Mortgages Brokerage Title Residential 407

Housing Wire

JUNE 3, 2022

An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. Mortgage banking companies, on the other hand, employed 290,400 full time employees as of April 30, 2022, up 500 from the end of March. Presented by: Auction.com.

Residential 454

Residential Construction Banks Renovation 454

RIS Media

JUNE 22, 2021

Jameson Doris: You merged your brokerage with United Real Estate in October 2019. Cynthia Benchick: I knew a day would arrive when I would need to look outside of my firm for the tools and resources to keep my agents and brokerage competitive. What is your personal philosophy for what makes a brokerage succeed? .

Brokerage 98

Brokerage Principal Agents Banks 98

Inman

MARCH 13, 2023

The meltdown of Silicon Valley Bank has sent shockwaves through the proptech industry. Here’s how to keep it from poisoning the well during the spring market.

Banks 113

Banks Industrial Marketing Branding 113

Housing Wire

JANUARY 28, 2022

We’re looking for strategic finance executives who are enabling, supporting and navigating this growth and innovation within mortgage banking or a real estate brokerage. Eligible nominees must be corporate finance, secondary marketing, capital markets or strategic finance executives.

Finance 373

Finance Closing Banks Brokerage 373

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually.

Loan Officer 395

Loan Officer Agents Loans Technology 395