Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. The post Canadian mortgage brokerage takes Rocket Mortgage name appeared first on HousingWire.

Brokerage 369

Brokerage Mortgages Banks Lending 369

Housing Wire

OCTOBER 23, 2020

Stone Point Capital has purchased Vista Equity Partners’ stake in real estate software company Lone Wolf Technologies. Financial terms of the transaction with Vista Equity Partners weren’t disclosed. ” Lone Wolf provides real estate technologies to over 1.5 The HousingStack is exclusively for HW+ members.

Technology 264

Technology Equity Brokerage MLS 264

Housing Wire

FEBRUARY 1, 2024

Shortly after EasyKnock acquired home equity investment platform Balance Homes , the company appointed former Balance Homes co-founders Judd Schoenholtz and Aaron LaRue as chief revenue officer and chief technology officer, respectively. LaRue, meanwhile, will focus on the expansion of EasyKnock’s technology platform.

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Equity Technology Lending Development 345

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.

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Brokerage Mortgages Loan Officer Banks 362

Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., Kortas said that the company charges a technology fee of $75 monthly per person but has other revenue sources than the commission split, such as events and its tech platform. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans.

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Loan Officer Loans Brokerage Equity 399

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 337

Brokerage Principal Title Equity 337

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. Expanding access to home financing options.

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Technology Marketing Purchase and sale agreement Equity 135

Real Trends

NOVEMBER 8, 2022

Looking to the year ahead as interest rates continue to climb, agents have no choice but to let go of an attachment to legacy business practices, lean into technology for increased business and consider how to expand their capabilities to serve even more clients. For example, the average consumer has no idea what their house is worth.

Technology 112

Technology Agents Property Management Brokerage 112

Housing Wire

FEBRUARY 17, 2021

Snapping up Alexander is part of a “national expansion plan,” said Chris Lim, president of growth at @Properties, with the Windy City brokerage eying a “half-dozen” franchise announcements in the coming year. But in 2018, a private equity firm, Charlottesville, Virginia-based Quad-C Management, took a stake in the company.

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Brokerage Principal Technology Equity 321

Housing Wire

OCTOBER 11, 2023

Marc Helm President and CEO ReverseAmerica Advisors Hoby Hanna President and CEO Hanna Holdings James O’Bryon CEO RE/MAX Gold Nation Jarred Kessler CEO and Founder EasyKnock Jason Abrams Head of Industry and Learning Keller Williams Jeff Allen President CubiCasa Jennifer Hedgepeth Executive Vice President and Chief Operating Officer DHI Mortgage Jimmy (..)

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Lending Technology Mortgages MLS 453

Realty Biz

DECEMBER 19, 2023

BOSSCAT™ Home Services and Technologies revealed HOMEBASE™ early last week, a new exclusive product designed to simplify home management and services. Over the last three years, BOSSCAT™ has become a top home service, data, and technology company, now catering to over 100,000 users on its platform.

Equity 81

Equity Renovation Technology Inspection 81

Housing Wire

FEBRUARY 28, 2021

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. By using this data, Buyside helps brokers generate and capture seller leads. Ashley Terrell, EVP, Partnerships.

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Brokerage Technology Equity Closing 405

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The GSE’s $8B profit in 2Q could buy most of the brokerage industry. Success means zero defect loans, costing $2K to manufacture, for 5M new homes, built in the right places.

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Lending Loans Technology Brokerage 326

Housing Wire

FEBRUARY 18, 2022

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to?

Bankruptcy 385

Bankruptcy Brokerage Title Equity 385

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.

Brokerage 88

Brokerage Equity Agents Technology 88

Housing Wire

MARCH 18, 2021

Offerpad will also receive a $200 million commitment from private equity investors such as BlackRock and Zimmer Partners. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Supernova Partners will shepherd Offerpad onto the New York Stock Exchange, according to a press release.

Loan Officer 419

Loan Officer Technology Equity Brokerage 419

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It enables us to level up skills and support, ensuring our associates and clients are prepared for the future.”

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Principal Technology Equity Residential 372

Housing Wire

MAY 31, 2022

The chief executive officer for real estate brokerage Side announced a fresh $50 million in venture capital money spearheaded by ultra-prolific financier Tiger Global Management. For many years, everyone thought brokerage was ripe for major disruption,” said Gilles Duranton, real estate professor at the University of Pennsylvania. “For

Brokerage 354

Brokerage Investor Technology Industrial 354

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 ). LLR is not a newcomer to mortgage technology or the overall fintech market. Hey Clayton …” and a link. In 2016 LLR led a $26.5

Technology 319

Technology Brokerage Lending Mortgages 319

Housing Wire

AUGUST 1, 2023

Jennifer McGuinness CEO Pivot Financial Jennifer Battista President of Operations and Insurance, Title – Settlement Services Anywhere Integrated Services Jennifer Vallinayagam Chief Operating Officer Sun West Mortgage Company Jennifer Lind Regional President, West Coldwell Banker Realty Jessica Sturm Executive Vice President Opteon Jillian White (..)

Lending 370

Lending Title Mortgages Equity 370

RIS Media

MARCH 25, 2022

It’s all about the blend of culture, support and technology. We’re a full-service brokerage, and we provide a very high level of agent support that encompasses everything, including an on-staff attorney, an in-house printshop, a full-service marketing team and sales managers with decades of experience.

Technology 98

Technology Agents Equity Brokerage 98

Housing Wire

JULY 22, 2021

The company also contributed to a $30 million Series A funding round by tech-focused commercial real estate brokerage Lev. billion in cash flow operations, a return on equity of 14.9%, and a 15.7% Earlier this month, First American introduced a technology platform for real estate professionals, called IgniteRE.

Title 370

Title Commercial Equity Brokerage 370

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. In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years.

Loan Officer 387

Loan Officer Lending Equity Mortgages 387

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 300

Housing Wire

MARCH 20, 2024

With the advancements in technology, finding homes online has become easy and straightforward. A drop in demand not only slows the market but can erode home equity, leaving homeowners with diminished assets. Joshua Harley is the founder of Fathom Holdings , a RealTrends 500 brokerage.

Debt-to-income ratio 471

Debt-to-income ratio Agents Equity Closing costs 471

Housing Wire

SEPTEMBER 15, 2020

platform to identify and partner with iconic technology companies with proven management teams and assist in their transition to the public markets,” Palihapitiya said in a release. Opendoor also launched a brokerage last month. We created the IPO 2.0 “Opendoor perfectly embodies this vision,” Palihapitiya said.

Equity 279

Equity Residential Brokerage Technology 279

Housing Wire

FEBRUARY 24, 2022

Meanwhile, Opendoor , the OG of an iBuying company with a national presence and patina of technological prowess, was upheld as doing things right. “If Zillow has been pilloried for diving headfirst into iBuying only to announce the money-losing enterprise’s demise in November. It is now in 44 markets, compared to 23 at the end of 2020.

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Title Investor Finance Brokerage 424

Housing Wire

AUGUST 16, 2022

Mortgage brokerages on the list included The Everest Equity Company (No. As with many lenders, technology was one of the main factors that propelled growth for these lenders, including LoanFlight Lending , a Florida lender that saw 420% growth. Freedom Mortgage , the seventh-largest HMDA lender, was ranked No.

Mortgages 363

Mortgages Lending Investor Loans 363

Housing Wire

FEBRUARY 1, 2024

Homeowner subsequently misses out on appreciation, equity , capital gains and generational wealth/inheritance due to their home being devalued simply because of race/color/ethnicity. Lee Davenport, PhD, is a real estate coach/trainer and blogger who trains real estate agents and brokerages on how to work smarter with technology.

Lending 369

Lending Equity Development Loans 369

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.

Brokerage 52

Brokerage Industrial Agents As-is 52

RIS Media

SEPTEMBER 28, 2021

For emerging brokerages carving out their niche in the market, recruitment and retention of top talent have become essential to their trajectory. For Real Brokerage Inc. Real), that has meant offering “low splits, revenue sharing, equity and more.” ” More Money in Agent’s Pockets. . Tech and Support .

Brokerage 74

Brokerage Branding Agents Equity 74

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? Chris, Tara, Matthew, Richard, and myself, and even Christan Bosley, all write an article for the magazine that could be on any number of topics.

Brokerage 97

Brokerage Industrial MLS Renovation 97

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.

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Purchase and sale agreement Brokerage Loan Officer Mortgages 293

Housing Wire

APRIL 19, 2021

An internal hire, Marc King, replaced Team, and Keller Williams also brought on Chris Cox, formerly of Bain & Company , to lead the brokerage franchise’s technology and digital. Some real estate agents inside and outside Keller Williams said that the moves were uninspired and noted those advancing were all white men.

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Title Brokerage Equity Development 335

Housing Wire

JUNE 19, 2023

Whether you’re on the brokerage or lending side, offering clients something that aligns with today’s narrative is key. Evolve the technology stack. Traditional real estate technology stacks have primarily focused on transaction outcomes.

Technology 274

Technology Mortgages Title Lending 274

Housing Wire

SEPTEMBER 6, 2023

The biggest combined brokerage company in the country in terms of all their brands, just said, ‘We’re out. Therefore, it won’t just impact agents, but technology systems, she added. As far as cooperation and compensation, that is now pretty much over,” Murray said. Murray sees three possible outcomes for the lawsuits. “If

Industrial 410

Industrial MLS Agents Equity 410

Housing Wire

SEPTEMBER 11, 2020

Palihapitiya’s special purpose acquisition company – better known as “SPAC” – raised $360 million in April and is “discussing raising fresh equity to help fund the transaction with prospective investors,” Bloomberg reported. In 2018, the firm acquired Los Angeles-based discount brokerage Open Listings for an undisclosed sum.

Brokerage 392

Brokerage Investor Equity Agents 392