Housing Wire

JANUARY 28, 2022

The second annual Finance Leaders award will be closing today, but there’s still time to nominate someone before the end of the day! 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.

Finance 395

Finance Closing Brokerage Banks 395

Housing Wire

JANUARY 11, 2022

Unlike other HousingWire awards, Finance Leaders focuses specifically on corporate finance, secondary marketing, capital markets or strategic finance executives within mortgage banking or a real estate brokerage only. The post Nominations for HousingWire’s Finance Leaders award are now open!

Finance 418

Finance Residential Title Brokerage 418

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here for more details on eligibility.

Finance 434

Finance Brokerage Banks Closing 434

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 448

Brokerage Mortgages Loan Officer Banks 448

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

Lending 418

Lending Brokerage Mortgages Banks 418

Housing Wire

APRIL 1, 2024

In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. The annual investment volume in the U.S.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

Commercial 448

Commercial Brokerage Due diligence Title 448

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 447

Due diligence Brokerage Staging Agents 447

Housing Wire

JULY 18, 2022

And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months. Bank, Citi and Bank of America looking to expand the ranks of LOs. Founded in 1870, the bank has about 65 LOs. A quick scan of job boards shows depositories such as U.S.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. We are excited to be with a brokerage with such high standards for ethics, professionalism, and organization,” DelRose Jr. also serves as a trustee at Watertown Savings Bank.

Brokerage 459

Brokerage Residential Commercial Development 459

BAM Media

OCTOBER 22, 2024

Real RISE 2024 kicks off today, October 22nd, with some exciting new developments in AI and fintech for real estate agents who’ve joined (or will join) the brokerage. Pritesh Damani Chief Technology Officer of Real Real agents also have access to banking services through Real Wallet: Real agents based in the U.S. and Canada.

Brokerage 98

Brokerage Development Branding Technology 98

Housing Wire

APRIL 17, 2024

All this leaves housing professionals once again fighting for their share of shrinking pies – as we have observed with recently released mortgage data and RealTrends Verified’s brokerage data , as well as deeper dives on the brokerage landscapes in Jacksonville and San Diego.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

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 448

Brokerage Loan Officer Banks Agents 448

Housing Wire

SEPTEMBER 23, 2024

He has also served at other companies, including the former Finance of America Mortgage , Skyline Home Loans and his own independent mortgage brokerage. The division will be led by Joe Conrad, an industry veteran who most recently served as a reverse mortgage loan officer at Mutual of Omaha Mortgage.

Lending 447

Lending Mortgages Equity Loan Officer 447

Housing Wire

AUGUST 26, 2024

Their brokerage firms, which rely on a split of those commissions for revenue, may also find themselves in a tough spot. Data from real estate accounting software provider AccountTech shows that brokerages with profit margins of 3% or less run the risk of falling into the red with even a minor decline in commission rates.

Brokerage 511

Brokerage Agents Industrial Banks 511

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 459

Loans Mortgages Banks Fixed-rate mortgage 459

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. My frequent reporting on issues of wire fraud definitely made me wary heading into the closing, and we ultimately decided to use a bank check for my cash to close. Funny you should ask.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

OCTOBER 21, 2024

On one side are brokerage leaders like The Agency founder Mauricio Umansky , who are firmly against CCP. “I Any brokerage firms today that say they want to give the seller more choice, they are fooling themselves that they have their own agenda. He agrees with Klein that brokerage motivations for ending CCP are self-serving.

MLS 448

MLS Brokerage Industrial Agents 448

Housing Wire

JUNE 27, 2022

“There really are hardly any winners in the mortgage industry,” said Joe Garrett, founder of banking and mortgage banking consulting firm Garrett, Mcauley & Co. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Marketing 468

Marketing Brokerage Loan Officer Mortgages 468

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 396

Brokerage Banks Loan Officer Mortgages 396

Housing Wire

AUGUST 19, 2024

We acknowledge and share their concerns and urge the industry and housing advocacy groups to work together with us on solutions to end price-fixing in real estate brokerage while ensuring that the most vulnerable consumers are not harmed in the transition to a new status quo.

Purchase and sale agreement 459

Purchase and sale agreement Finance Industrial Agents 459

Housing Wire

JUNE 1, 2021

Last week, Berkshire Hathaway HomeServices , a hulking network of franchisee brokerages, named Budnick its CEO. BHHS is a separate entity from the HomeServices of America brokerage , though that brokerage’s CEO, Gino Blefari, also serves as board of chairman for BHHS. a company with a market value of nearly $700 billion.

Brokerage 337

Brokerage Technology Residential Banks 337

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 415

Banks Brokerage As-is Closing 415

Housing Wire

JULY 17, 2024

But what about the case of the transaction in which a bank-owned or real estate-owned property (REO) is being sold? Under current guidelines, a buyer cannot finance the buyer’s agent commission into their mortgage, either. This new approach will likely be welcomed by many REO brokerages and real estate professionals.

Purchase and sale agreement 493

Purchase and sale agreement Real-estate owned Agents Brokerage 493

Housing Wire

MARCH 1, 2022

This isn’t a new story in mortgage lending or real estate brokerage. In 2019 we published a feature story about “Who will be the Amazon of housing?” — and then explored world-domination theories that painted Zillow , Redfin , Opendoor (and maybe Amazon itself) taking over the entire end-to-end housing sales and financing process.

Technology 397

Technology Brokerage Lending Mortgages 397

Housing Wire

AUGUST 8, 2023

Until mid-2022, 65% of Busch’s pipeline were jumbos , conventional loans that exceed Fannie Mae and Freddie Mac ‘s purchase standards , as set by the Federal Housing Finance Agency. Some regional banks working in the space collapsed due to a tightening monetary policy and a deposit run. Jumbos represented 22.7%

Banks 370

Banks Loans Mortgages Lending 370

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . billion in the past 12 months, down from $15.35

Mortgages 418

Mortgages VA loan Loans Banks 418

Housing Wire

FEBRUARY 16, 2021

million in equity financing and $17.5 UpEquity essentially makes free cash offers but charges interest – currently 2.5% – on the loans it provides to homeowners, who can make an offer on a house without having to go through a bank to get a mortgage. How this real estate brokerage’s unique model generates more profit for agents.

Loans 357

Loans Equity Mortgages Development 357

Housing Wire

MARCH 14, 2022

“There are buyers that use shell companies for privacy reasons,” said Michael Nourmand, president of Beverly Hills-based brokerage Nourmand & Associates Realtors. And some buyers will use shell companies to limit their liability especially if it’s an investment property.”.

Industrial 435

Industrial Title Commercial Banks 435

Housing Wire

MARCH 3, 2022

The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company. The dossier unveils everything from CEO Robert Reffkin’s ability to soon control 67% of the company to an all-you-can-eat buffet of details on an up to $600 million revolving line of credit provided by Barclay’s Bank.

Brokerage 370

Brokerage Principal Agents Staging 370

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 468

Fixed-rate mortgage Loans Mortgages Loan Officer 468

Housing Wire

JANUARY 26, 2022

Ribbit Capital led the financing, which also included participation from partners of DST Global , NFX and Zigg Capital. Tomo claims its platform is different from its competitors, which range from traditional mortgage companies and banks, all the way to power buyers and hybrid brokerages like Redfin. the fintech company said.

Mortgages 370

Mortgages Pre-approval VA loan Lending 370

Housing Wire

APRIL 27, 2023

” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending.

Sales 370

Sales Loan Officer Lending Residential 370

Housing Wire

JUNE 29, 2022

When a property is enrolled in the platform, Knox automates and oversees the property’s finances and taxes, insurance, leasing, banking and bill pay, according to the company’s website. Its rental pricing and projection model also calculates the rate of return an investment property is expected to produce over time.

Loans 370

Loans Equity Lending Title 370

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 447

Loan Officer Brokerage Mortgages Loans 447

Housing Wire

APRIL 9, 2024

Despite the more regional focus of WSFS Mortgage’s reverse mortgage offerings — which offers the loans through its brokerage — the survey itself was conducted nationwide with a research company enlisting responses from 750 homeowners at or over the age of 60.

Mortgages 447

Mortgages Equity Brokerage Banks 447

Housing Wire

MAY 23, 2023

Those loans, those rates are pretty aggressively priced in comparison to the bank rates like JP Morgan Chase and Bank of America. Half the clients go to the traditional banks where we can show tax returns. I do have one brokerage house that if you have a million dollars net worth with them, rates are in the high 4s or low 5s.

Mortgages 397

Mortgages Marketing Loans Banks 397