Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. At AmeriCash, he oversaw more than 300 employees and helped the company close more than $18 billion in home loans. San Jose -based EquiFi Corp. ,

Equity 392

Equity Purchase and sale agreement Mortgages Finance 392

Housing Wire

JANUARY 17, 2025

The real estate technology company will be aided on this journey by additional capital it has secured from its ownership group, which includes private equity partner Vector Capital , and brokerages Howard Hanna Real Estate Services and Windermere Real Estate , according to an announcement on Friday.

Technology 369

Technology Brokerage Commercial Equity 369

Housing Wire

SEPTEMBER 13, 2023

New England-based independent brokerage Bean Group has made the leap to eXp Realty. It is the first brokerage to join eXp Realty through Boost, eXp’s newly released brokerage incentive program. Bean Group, which had been affiliated with LeadingRE , is one of the top brokerages in Northern New England.

Brokerage 440

Brokerage Equity Branding Agents 440

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments.

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Equity Finance Purchase and sale agreement Investor 461

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 440

Brokerage Mortgages Loan Officer Banks 440

Housing Wire

JUNE 17, 2025

We are a franchise-based model where decisions aren’t made at some Wall Street private equity company. But I think what people have to recognize about this business is that, because of the fragmentation, every market is a little bit different in the way that people close deals, and in the way that they search for deals.

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Housing Wire

JUNE 21, 2022

Capitalizing on these market factors, brokerage firms in the 2022 RealTrends 500 brokerage rankings broke records in market share, closed transaction sides (there must be inventory somewhere!) The top four — Realogy Brokerage Group (RBG), HomeServices of America , Compass and eXp Realty — now have 20% market share in the U.S.

Brokerage 409

Brokerage Agents Sales Closing 409

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Presented by: 1000watt.

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Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio 316

Debt-to-income ratio Agents VA loan MLS 316

Housing Wire

MAY 20, 2025

In March, Rocket struck a deal to acquire digital real estate brokerage firm Redfin for $1.75 billion, bringing in its distributed retail arm, Bay Equity Home Loans. We have about 2,200 agents at Redfin that we’ll be working closely with, but weve also built many relationships that we need to continue fostering.

Loan Officer 244

Loan Officer Loans Staging Equity 244

Housing Wire

APRIL 1, 2025

Via filings with the Securities and Exchange Commission (SEC), the $155 million in cash that Compass paid as part of the acquisition aligns closely with the $155 million of shareholder equity in @properties at the end of September.

Sales 221

Sales Brokerage Equity Closing 221

Housing Wire

MAY 16, 2025

The analysis is based on Redfins national data, including home sales closed by Redfin agents, partner-agent referrals, and transactions involving Redfin-owned Bay Equity Home Loans. It is, however, down from 2.43% in the first quarter of last year.

Agents 351

Agents New Construction Equity Construction 351

Housing Wire

OCTOBER 6, 2021

agreed to form a title insurance underwriter joint venture with a $210 million investment from private equity investment firm Centerbridge Partners , a move sure to shake up the title space. Realogy will maintain a 30% equity interest in Closing Parent Holdco, L.P., The transaction is expected to close in first quarter of 2022.

Title 386

Title Purchase and sale agreement Equity Brokerage 386

Housing Wire

FEBRUARY 14, 2025

In response, many brokerage firms have adapted their business models to navigate these challenges. brokerage firms continues to decline, sitting near 10% by the end of 2024. Additionally, segmentation among brokerage firms is likely to increase, driven by differences in cost structures and technology adoption.

Brokerage 259

Brokerage Residential Industrial Technology 259

Housing Wire

NOVEMBER 17, 2021

On Wednesday, the brokerage announced perhaps its biggest move ever outside the Windy City, stating that they have acquired Christie’s International Real Estate , a New York City-based brokerage. The deal is set to close Dec. The deal is set to close Dec. billion in 2020 from 32,359 transaction sides.

Brokerage 440

Brokerage Residential Equity Branding 440

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner. For more information, visit getbuyside.com or email sales@getbuyside.com.

Pre-approval 407

Pre-approval Equity Loan Officer Brokerage 407

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. Every deal is different – the amount of equity they forward and the fee that they charge for the service. “And then we have our agent commission.”

Equity 427

Equity Brokerage Mortgages Title 427

Housing Wire

APRIL 27, 2023

California-based Impac Mortgage Holdings , a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. on Thursday at about 11:00 AM EST, up 2.23% compared to the previous closing. million in stockholder equity. Impac’s common stock was trading at $0.22

Equity 392

Equity Brokerage Lending Mortgages 392

Housing Wire

FEBRUARY 28, 2021

Real estate brokers need to be able to target these clients effectively, so they can close deals quickly. The company integrates with an existing brokerage website to provide homeowners with three valuations along with insight into the number of real estate buyer leads actively searching for a property just like theirs.

Brokerage 440

Brokerage Technology Equity Closing 440

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. would give the brokerage a “fully diluted market value of $12.5 How to Diversify Your Brokerage to Weather Economic Hardship. stock price offering.

Marketing 435

Marketing Brokerage Residential Banks 435

Housing Wire

JUNE 29, 2022

The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings. “A The funding comes shortly after Knox launched its first mortgage product, dubbed the Knox equity access program (KEAP), in April. Presented by: ServiceLink.

Loans 370

Loans Equity Lending Title 370

Housing Wire

SEPTEMBER 3, 2024

and an equity research analyst — joins hosts James Dwiggins and Keith Robinson to chat about last month’s major changes for the real estate industry. Campbell says that global equity markets are focused on interest rates more so than any other worldly factors. 17 market and those that still face challenges.

Industrial 440

Industrial Equity Agents Brokerage 440

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. The Scottsdale, Arizona-based company secured $60 million in equity and $55 million in debt financing, according to a Thursday news release from the firm. The deal is expected to close in coming weeks. .

Lending 370

Lending Brokerage Equity Finance 370

Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., Prior to NEXA100, 100% commissions were just paid in three situations: when a branch closed over $2 million in mortgage loans , an individual originated over $3 million, and a partner brought in 20 people, Kortas said in an interview. But the partners are splitting up.

Loan Officer 451

Loan Officer Loans Brokerage Equity 451

Housing Wire

JUNE 1, 2023

eXp used a mixture of its own equity, revenue sharing and the virtual nature of its business to gain its position. It is noteworthy that eXp was the only one of the top four firms to grow both its closed transactions and its sales volume in 2022 when sales of existing homes were down significantly.

Brokerage 410

Brokerage Residential Equity Agents 410

Housing Wire

JULY 27, 2022

Charleston, South Carolina-based real estate tech firm PunchListUSA , which calls itself the first platform digitizing national home inspection data , closed on a $39 million Series A funding round this week. . PunchListUSA has now raised more than $49 million in equity capital since its inception in 2018. .

Inspection 392

Inspection Renovation Equity Technology 392

Housing Wire

JULY 22, 2021

RealTrends Market Leaders report ranks the top residential real estate firms in over 160 different metropolitan areas based on 2021 RealTrends 500 brokerage rankings. When it comes to movers and shakers in the Market Leaders report, it can be boiled down to Compass and flat-fee brokerages. Flat-fee brokerages climbing quickly.

Marketing 411

Marketing Brokerage Equity Residential 411

Housing Wire

FEBRUARY 12, 2024

Making an appearance on the defendant list are the National Association of Realtors , Anywhere and its franchise Century 21 Everest , HomeServices of America and its affiliates, RE/MAX , Keller Williams and two local franchises, Equity Real Estate , Realtypath and Windermere Real Estate Services.

MLS 461

MLS Equity Brokerage Industrial 461

Housing Wire

AUGUST 20, 2021

Congratulations to all of the entrepreneurs, founders and executives who have survived the onslaught of phone calls, emails and DMs from first-year private equity associates (yeah… we’re looking at you Summit Partners ….). Several of the nations top real estate brokerages as ranked by RealTrends graced Inc.’s The Analysis.

Title 469

Title Equity Mortgages Loan Officer 469

Housing Wire

FEBRUARY 3, 2021

The schemers submitted false claims on loan applications, bank statements, gift letters, pay stubs, HIID-I settlement statements and more to get mortgages closed, authorities said. A more secure closing process for everyone involved. The alleged scheme occurred over a six-year period ending in April 2016, the government said.

Mortgages 411

Mortgages Loans Banks Lending 411

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. AARP applauds HUD’s update to its Home Equity Conversion Mortgage for Purchase Program which keeps vital consumer protections in place,” Jones said.

Mortgages 438

Mortgages Closing costs Equity Construction 438

Housing Wire

MARCH 19, 2021

“We let homeowners choose their closing date and stay in the home after the closing through a rent back, so that they only have to move once.” “We’re the only nationwide brokerage in the [Baltimore and Washington D.C. “We’re the only nationwide brokerage in the [Baltimore and Washington D.C.

Marketing 427

Marketing Rent back Equity Brokerage 427

Housing Wire

JULY 13, 2022

Outside of his time in the board room, Rascoff is the host of “Office Hours,” a podcast featuring candid conversations between prominent executives on leadership, diversity equity and inclusion and startups. He is also the author of the NYT Bestseller, “Zillow Talk: Rewriting the Rules of Real Estate.”.

Technology 410

Technology Staging Equity Brokerage 410

Housing Wire

JANUARY 5, 2021

Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013. Our vision is to hone the entire home buying journey from the borrower’s first contact with a Realtor to the closing table and beyond,” Schreiner said.

Loan Officer 411

Loan Officer Lending Equity Mortgages 411

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. Several large mortgage brokerages see the market-wide volatility as a recruiting tool. Purchase applications are where brokerages really shine in the first place.”.

Mortgages 469

Mortgages Banks Brokerage Loans 469

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. His tangible net worth ratio (a proxy of how much equity you have relative to your total assets) is just under 30%.

Loan Officer 427

Loan Officer Loans Equity Mortgages 427

Housing Wire

OCTOBER 11, 2021

REX Homes , the discount brokerage behind an anti-trust lawsuit against Zillow and the National Association of Realtors , announced its second round of layoffs late last week. Shortly after the August layoffs, Austin-based REX closed their Series D funding.

MLS 392

MLS Technology Brokerage Equity 392