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

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Equity Brokerage Lending Mortgages 300

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.

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Mortgages Closing costs Equity Construction 315

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.

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Title Purchase and sale agreement Equity Brokerage 264

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.

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MLS Equity Brokerage Industrial 406

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.

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Brokerage Residential Equity Branding 381

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.

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Loans Equity Lending Mortgages 319

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.”

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Equity Brokerage Mortgages Title 400

Real Trends

SEPTEMBER 14, 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.

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Brokerage Equity Agents Branding 72

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. .

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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.

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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.

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Housing Wire

APRIL 22, 2024

If you opt for the handwritten note option, I’d shorten this by removing the last paragraph and jumping straight from the data to the closing sentence. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Dear (first name), I’m (your name), a local real estate professional with (brokerage).

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Brokerage Investor Agents Pre-approval 335

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. .

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Inspection Renovation Equity Investor 355

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.

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Brokerage Technology Equity Closing 404

Housing Wire

AUGUST 21, 2023

5000 list an impressive five times: Total Expert , which offers CRM and data-driven customer engagement solutions, turning customer insights into actions to increase loyalty and drive growth; and FirstClose , a tech solution provider for HELOC and home equity lenders. 658 in the 2023 Inc. Other established names to make the Inc.

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Equity Technology Investor Lending 350

Housing Wire

APRIL 1, 2024

NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29 After NEXA closed on the purchase of Fly Dreams in early 2023, due to regulatory hurdles that Kortas had failed to flag or explain, NEXA was unable to charter the new jet with Fly Dreams,” the lawsuit states. The lawsuit states that Kortas had 50.5%

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Loan Officer Brokerage Mortgages Loans 334

Realty Biz

SEPTEMBER 26, 2022

The broker wanted to discuss selling his brokerage and cashing out. In fact, it was his own large team within the brokerage that provided both his personal income and covered much of the fixed overhead. (My The single most important asset of a brokerage is the agents, and they are free to leave at any time… which they do.

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Brokerage Equity Agents Technology 88

RIS Media

AUGUST 23, 2021

I once saw a sign from a large brokerage that read, “It’s not about the agent, it’s about the brand.” How does a simple idea grow to over 6,000 agents without private equity or venture capital pouring money into growth? When agents attract more clients and close more sales, the whole company wins.

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Brokerage Agents Branding Equity 98

RIS Media

MARCH 29, 2022

Realogy received $210 million in cash and a 30% equity interest in the newly formed limited partnership joint venture that indirectly owns the title insurance underwriter. The post Realogy Closes Sale of Insurance Underwriter appeared first on RISMedia. Realogy Holdings Corp. For more information, please visit www.realogy.com.

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HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Michigan? Your closing costs may differ depending on your circumstances and the terms of your home purchase. Find a Buyer's Agent What are closing costs? The example costs provided are based on median home prices and typical fees.

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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.

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Marketing Brokerage Equity Branding 378

Toronto Realty Blog

SEPTEMBER 25, 2023

Chris had the idea to talk about “discount brokerages,” and I thought it was great. Alternative Brokerage Models: Are We Trying to Solve a Problem That Doesn’t Exist? And ironically, this acquisition only gave further credibility to the potential of the commission-free brokerage model in Canada.

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Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Tapping that equity. ” Just a little less vanilla. .

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Mortgages Equity Loans Seller concession 385

RIS Media

JANUARY 18, 2022

a pay-at-closing home improvement solution for real estate agents, brokerages and home sellers, has announced a $65M Series B funding round to support continued growth in the untapped market for fix first, pay-at-closing home improvement. Curbio, Inc., Curbio has raised a total of $93M since its founding in late 2017.

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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%.

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Equity Loan Officer Loans Mortgages 402

Housing Wire

AUGUST 16, 2022

“The edge that we have as a local lender focusing on Maryland and the Mid-Atlantic is to meet with investors in person and closing loans more quickly than national lenders,” said Joshua Shein, partner at Trius Lending. Mortgage brokerages on the list included The Everest Equity Company (No. 1673, with growth of 372%.

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Mortgages Lending Investor Loans 363

Housing Wire

FEBRUARY 26, 2024

Higher value home markets could conceivably help facilitate more unique facets of reverse mortgage business, including proprietary products that can serve beyond the limits of the Home Equity Conversion Mortgage (HECM) program, or HECM for Purchase. Probably about 20-25% of my business has been that product.”

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Marketing Fixed-rate mortgage Loans Mortgages 343

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. While some fees are only a few hundred dollars, the final closing costs can run into the thousands.

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Closing costs Closing Inspection Loans 77

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.”.

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Technology Staging Equity Brokerage 305

Housing Wire

SEPTEMBER 18, 2023

Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. NAR’s commitment to defend ourselves in court remains unchanged and we are confident we will prevail in proving the lawfulness of the rules under attack. In fact, the U.S.

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MLS Branding Agents Brokerage 483

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.

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Marketing Brokerage Residential Banks 299

Housing Wire

MARCH 20, 2024

Many buyers struggled with the financial burden of covering closing costs , making it difficult or impossible to also cover the compensation for agent representation. A drop in demand not only slows the market but can erode home equity, leaving homeowners with diminished assets.

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Debt-to-income ratio Agents Equity Closing costs 471

Realty Biz

MAY 1, 2023

Many were contacted over the last few weeks to get their insights and observations on what they see as the top challenges facing their brokerages for 2023. According to real estate brokerage data intelligence company Relitix Data Science, it would be the largest percentage drop in the last 25 years exceeding the 11% drop from 2006 to 2007.

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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.”.

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Mortgages Banks Brokerage Loans 441

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.

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Title Equity Mortgages Loan Officer 441

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.

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Marketing Rent back Equity Brokerage 392

Housing Wire

FEBRUARY 14, 2022

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. Way back in the drab plaid of the 1970s, brokerages often classified agents as employees and offered them health care and pension plans. With a two-year-old, I couldn’t meet the quota,” she said.

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Brokerage Agents Industrial Sales 361