Housing Wire

DECEMBER 23, 2024

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit Monday accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies, Rocket Mortgage and Amrock. The Jason Mitchell Group is also implicated in the alleged violations of the Real Estate Settlement Procedures Act (RESPA).

Brokerage 411

Brokerage Mortgages Agents Closing 411

Housing Wire

OCTOBER 22, 2024

The Real Brokerage is keeping attendees of RISE, its third annual agent conference, on their toes. Additionally, the brokerage said it expects that Real Wallet users will have the opportunity to earn promotional rewards points that are redeemable toward reduced brokerage and transaction fees.

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Agents Brokerage Technology Staging 427

Housing Wire

MAY 14, 2025

Ohio-based Union Home Mortgage (UHM) on Wednesday announced a partnership with ARIVE , a lending software platform built specifically for independent mortgage professionals. The partnership will also connect UHM to a network of users and loan officers who source mortgage offers from multiple wholesale lenders.

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Mortgages Loan Officer Lending Development 349

Real Estate News

JUNE 13, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Shutterstock Industry Startup aims to bring assumable mortgages to the masses Could a new market emerge around homebuyers taking over a seller’s existing low interest rate loan? One proptech veteran thinks so.

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Mortgages MLS Loans Finance 291

Housing Wire

MARCH 20, 2025

Rocket Companies hopes to close a $1.75 billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage ‘s pending $1.75 Essentially, it’s the holy grail of mortgage and real estate tech.

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Mortgages Loan Officer Brokerage Loans 277

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s

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Brokerage Mortgages Loan Officer Banks 440

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. The RocketRedfin deal is expected to close in Q2 or Q3. Redfin CEO Glenn Kelman will continue to lead the brokerage, reporting directly to Rocket CEO Varun Krishna.

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Loan Officer Equity Loans Brokerage 390

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. million in cash paid on the closing date, $1.5 Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said.

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Brokerage Mortgages Technology Branding 450

Housing Wire

APRIL 16, 2025

Founded by Ivan Sher in 2018, ISLuxury has closed nearly $2billion in sales in Las Vegas and Henderson, Nevada, over the past three years. The new office, located in Newport Beach, California, includes 11 agents who joined from other brokerages , and it will be led by Christi Carrillo. million in March, up 5% year over year.

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Brokerage Development Agents Closing 221

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. Is now a good time to invest in real estate automation technologies?

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Lending Brokerage Mortgages Banks 411

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% in Q1 2022, when investors were taking advantage of low mortgage rates.

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Investor Residential Brokerage Mortgages 483

Housing Wire

OCTOBER 23, 2024

UWM has debuted a new cash-out refi product without mortgage insurance. United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance at a time of economic uncertainty. The real advantage of this product lies in UWM’s aggressive marketing to mortgage brokers.

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Equity Loans Mortgages Loan Officer 440

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. There are some caveats related to counseling services, referrals, and duplicative work.)

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Banks Brokerage Mortgages Loans 440

Housing Wire

MAY 8, 2025

Tamir Poleg, chairman and CEO of The Real Brokerage , closed out the prepared remarks section of his firms first-quarter 2025 earnings call by addressing the transformative technological era the industry is currently operating in. billion and the number of transactions closed during the quarter jumped 77% to 33,617.

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Technology Title Brokerage Industrial 370

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process.

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Closing Title Land Brokerage 425

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Each LO is closing 12 loans per month with an eventual goal of 15 to 20.

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Lending Brokerage Loan Officer Loans 451

Housing Wire

MAY 22, 2025

Now the mortgage lender is inviting external real estate agents and brokerages to take advantage of the program. “Whether you’re a mortgage practitioner or real estate practitioner, this is heavy on marketing and showing up in the community so you can be a force,” she said. “Everybody wants to do good.

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Agents HR Loan Officer Development 401

Housing Wire

MARCH 7, 2025

Rocket Mortgage is shutting down its Canadian operations as the company refocuses on its core U.S. We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition, Rocket Mortgage said in a statement.

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Mortgages Title Lending Brokerage 221

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Now, it’s time to join a brokerage. Buyer’s agent : The buyer’s agent represents the buyer.

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Agents Brokerage Purchase and sale agreement Commercial 440

Housing Wire

MARCH 10, 2025

Monday’s breaking news that Rocket Companies is set to acquire online real estate brokerage Redfin shed light on the changing landscape of the homebuying marketplace. And when you connect that to the scale of the mortgage platform that we’ve built over 40 years, we think that that creates a multiplier effect.”

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Branding Brokerage Commercial Title 411

Housing Wire

DECEMBER 16, 2024

The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. of the loan amount) at settlement to use toward their closing costs.

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Brokerage Agents Technology Industrial 370

Housing Wire

APRIL 4, 2022

million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. Before the acquisition of Bay Equity was completed, Redfin laid off 121 staffers in its mortgage division. Presented by: 1000watt.

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Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage. Funny you should ask.

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Purchase and sale agreement Inspection contingency Title Inspection 427

Housing Wire

MARCH 12, 2025

Fathom Realty rolled out two new agent commission plans in 2024, and the brokerage isnt done yet. The plan is designed to help agents close more business. To back the new plan, Fregenal cited a survey showing that almost 90% of agents want more from their parent brokerages, but he offered no details on whats to come.

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Agents Brokerage Title Land 307

Housing Wire

APRIL 4, 2025

An illustration of a mortgage executive losing a top-producing LO who wishes to become a 1099 LO. Doing so would close what he described as the 1099 loophole. The mortgage executive who called was initially excited because he feels like hes abiding by the rules of Dodd-Frank in classifying his LOs as W2 employees. Its blatant.

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Pre-approval Loan Officer Loans Brokerage 351

Housing Wire

NOVEMBER 20, 2024

As real estate agents adjust to sweeping changes brought by the commission lawsuit settlement, a new report from discount brokerage Clever Real Estate reveals one thing hasn’t shifted: Americans still overwhelmingly trust full-service agents to sell their homes.

Agents 469

Agents Brokerage Sales Staging 469

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 427

Brokerage Branding Technology Agents 427

Housing Wire

MAY 12, 2025

In the new role, Capezza will focus on growing the Anywhere platform through strategic acquisitions and mergers outside of its existing organization, including opportunities on behalf of brokerage , title , and transaction services operations within Anywhere, the company explained.

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Brokerage Title Land Industrial 329

Housing Wire

MARCH 22, 2024

The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. eXp, Compass take top spots again For the second year in a row, virtual brokerage eXp Realty , led by CEO Glenn Sanford , retains the No. The Real Brokerage proved its model is enticing for agents and teams by adding $6.8B

Brokerage 440

Brokerage Branding Agents Residential 440

Housing Wire

MARCH 31, 2025

billion deal comes just weeks after the Detroit-based lender announced its acquisition of real estate brokerage Redfin for $1.75 There is the potential for significant revenue growth depending on mortgage rates. Cooper in a $9.4 Its presumably the next step in Krishnas quest to make Rocket the Apple of homeownership.

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Technology Mortgages Industrial Title 335

Housing Wire

APRIL 22, 2024

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

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Brokerage Purchase and sale agreement Title Industrial 460

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 427

Mortgages Brokerage Title Residential 427

Housing Wire

AUGUST 5, 2020

Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. For example, about two weeks ago, Quicken Loans advertised a “limited-time” rate of 1.99% on 15-year mortgages. Others just wanted more details.

Mortgages 528

Mortgages Loan Officer Lending Loans 528

Housing Wire

APRIL 4, 2025

Four top companies Compass , Anywhere Advisors , eXp Realty and HomeServices of America continue to outperform their competitors, but The Real Brokerage is nipping at their heels, according to the 2025 RealTrend Verified Brokerage Rankings. Palmer founded mortgage refi and servicing company RP Funding in 2008.

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Brokerage Title Agents Mortgages 244

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Industrial Seller concession Purchase and sale agreement Agents 512

Housing Wire

FEBRUARY 19, 2025

These partnerships can take various forms including partnerships with mortgage brokers , title companies , property management firms, insurance providers, contractors, lenders , or technology vendors. Additionally, many of the highest quality ones are closed, meaning they arent exactly taking on new partnerships.

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Branding Technology Brokerage Title 345

Housing Wire

MAY 22, 2025

While real estate brokerages are known for helping consumers buy and sell homes, many also choose to offer core services such as mortgage lending , title insurance and home warranties. he 2025 RealTrends Verified rankings again examined the number of core services transactions among submitting brokerages.

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Title Brokerage Lending Mortgages 221