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

JUNE 20, 2024

Finance of America (FOA), the leading U.S. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), FOA was the No. This is according to a company filing with the Securities and Exchange Commission (SEC) reviewed by HousingWire ’s Reverse Mortgage Daily (RMD). “We

Finance 451

Finance Investor Mortgages Equity 451

Housing Wire

OCTOBER 23, 2024

Cash-out refis have gained popularity due to record-high home equity levels in recent years. As for the product’s mortgage rates, Elezaj said they are more competitive than HELOCs (home equity lines of credit), traditionally a market dominated by credit unions and depository banks. How much will borrowers pay?

Equity 440

Equity Loans Mortgages Loan Officer 440

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

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Kim: There are a handful of home equity investment firms in the market. Based on the notion that far too many U.S.

Equity 455

Equity Marketing Investor Loans 455

Housing Wire

MARCH 27, 2024

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. But for Real, which runs a virtual brokerage model with revenue sharing for its agents, the goal is to get better, not necessarily bigger.

Brokerage 477

Brokerage Pre-approval Branding Agents 477

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. This isnt the first time Rocket has engaged with local loan officers. Some of the acquisitions that weve made are very specific to that goal.

Loan Officer 244

Loan Officer Loans Staging Equity 244

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 440

Lending Mortgages Equity Loan Officer 440

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

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. Proptech HomeLight raised $115 million in capital and acquired Accept.inc.

Lending 370

Lending Brokerage Equity Finance 370

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

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage.

Mortgages 461

Mortgages Brokerage Loan Officer Lending 461

Housing Wire

JANUARY 13, 2021

In 2017, Guaranteed Rate struck a deal with the largest real estate brokerage conglomerate in the country, Realogy , to form a landmark joint venture. It has paid off in spades: the combined company, Guaranteed Rate Affinity , originated $5 billion in loans during the first half of last year. But one JV in particular had eluded him.

Brokerage 426

Brokerage Equity Loans Finance 426

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. in the second quarter from the first quarter to $135 billion, according to Inside Mortgage Finance estimates.

Mortgages 411

Mortgages Equity Loans Seller concession 411

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 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. million premium over Bay Equity’s tangible book value” as of Feb.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

FEBRUARY 24, 2022

But like real estate brokerage Compass , another company significantly financed by the SoftBank Vision Fund , Opendoor has constructed an empirically money-losing business model with little sign of reversing course. The company also grew the price range for which it buys homes and where it operates. Additionally, the company has $5.7

Title 451

Title Investor Finance Brokerage 451

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

JULY 13, 2022

Rascoff lives and breathes a lucrative mix of technology finance, and real estate, three inextricably linked sectors. 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.

Technology 410

Technology Staging Equity Brokerage 410

Housing Wire

SEPTEMBER 7, 2023

The brokerage on Thursday launched Accelerate , an incentive program that helps agents maximize their revenue share earning potential during their first year with the brokerage. In June, the brokerage announced that it was refining revenue share criteria, reducing the current FLQA tier 7 threshold from 40 to 30 FLQA.

Agents 411

Agents Brokerage Equity Design 411

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Executive Director, CDFI and Chief of Community Finance & Mobility. Finance of America Companies. Brokerage Operations.

Title 411

Title Lending Finance Technology 411

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). on a per-unit basis.

Mortgages 451

Mortgages Loans Equity Principal 451

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.

Equity 370

Equity Technology Investor Residential 370

Housing Wire

FEBRUARY 16, 2021

million in equity financing and $17.5 How this real estate brokerage’s unique model generates more profit for agents. For a well-prepared real estate brokerage, this holds a promising future. Austin-based mortgage tech platform UpEquity raised $25 million in a Series A funding round led by Next Coast Ventures.

Loans 364

Loans Equity Technology Mortgages 364

Housing Wire

AUGUST 7, 2023

But the Robert Reffkin -helmed brokerage has proved the naysayers wrong, at least for now. billion, which the brokerage attributed to a 19% year-over-year decrease in transaction sides to 54,207, combined with a decrease in the average home sale price, as the brokerage’s gross transaction value dropped 26% year over year to $56.8

Brokerage 370

Brokerage Principal Title Equity 370

Housing Wire

SEPTEMBER 15, 2023

Insurance executive Jawed Barna will succeed Sven Odia as the CEO of international luxury real estate brokerage Engel & Völkers , the company announced Thursday. ” Odia led E&V through Permira’s acquisition in late 2021, in which the global private equity firm bought a controlling stake for an undisclosed amount.

Brokerage 426

Brokerage Branding Equity Agents 426

Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., ” NEXA was founded in Arizona by Kortas and Mat Grella after they left Equity Prime Mortgage. will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas.

Loan Officer 451

Loan Officer Loans Brokerage Equity 451

Housing Wire

AUGUST 23, 2024

Let’s talk about the brokerage aspect. What brokerage wants that publicity? Kleimann: Do you see an opportunity for a new player to provide a standardized brokerage service to someone who’s, say, getting an FHA loan and doesn’t have an extra $5,000 to pay their agent? Do you expect to see more flat-fee models?

FHA loan 425

FHA loan Agents Brokerage Staging 425

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

OCTOBER 19, 2023

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. It is for example purposes only,” Bailey said. “We We are very clear that commissions are negotiable.”

Agents 427

Agents MLS Brokerage Equity 427

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.”

Marketing 440

Marketing Fixed-rate mortgage Loans Mortgages 440

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. 2 brokerages in residential sales volume nationally – and bitter rivals.

Purchase and sale agreement 302

Purchase and sale agreement Brokerage Loan Officer Residential 302

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). This isn’t a new story in mortgage lending or real estate brokerage. Hey Clayton …” and a link. Instead, innovation prevails.

Technology 392

Technology Brokerage Lending Mortgages 392

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

AUGUST 16, 2024

Additionally, the brokerage noted that the increase in investor activity is being driven by single-family home purchases, which were up 6.7% There are a lot of folks with tech money who bought homes here in the early 2000s, built a ton of equity, and are now taking on a side hustle as a real estate investor. annually in Q2 2024.

Investor 461

Investor Lending Equity Mortgages 461

Housing Wire

APRIL 1, 2024

NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29 However, the operating agreement says that if the company engages in any other activity that is unrelated to the purpose of mortgage brokerage, it “requires unanimous member consent.” “But The lawsuit states that Kortas had 50.5%

Loan Officer 440

Loan Officer Brokerage Mortgages Loans 440

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 439

Mortgages Equity Brokerage Banks 439

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.

MLS 502

MLS Branding Agents Brokerage 502