Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. The Nationwide Multistate Licensing System (NMLS) shows that Michigan-based brokerage firm Next Door had 61 sponsored loan officers as of Thursday, along with four branches in Arizona, Nevada, Ohio and Texas.

Lending 488

Lending Mortgages Loan Officer Principal 488

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. Redfin CEO Glenn Kelman will continue to lead the brokerage, reporting directly to Rocket CEO Varun Krishna. They will be a great fit.

Loan Officer 390

Loan Officer Equity Loans Brokerage 390

Housing Wire

MARCH 31, 2025

The Detroit-based fintech , which is also in the midst of acquiring real estate brokerage and home search portal Redfin for $1.75 Cooper did about $23 billion in originations last year, according to Inside Mortgage Finance data. billion , is paying an equity value of $9.4 trillion, spread across nearly 10 million clients.

Finance 461

Finance Title Mortgages Equity 461

Housing Wire

AUGUST 25, 2022

South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The terms of the deal were not disclosed. Movement originated $13.7

Brokerage 494

Brokerage Mortgages Loan Officer Loans 494

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. The company now has 97 loan officers, half of whom are also licensed real estate agents who originate loans.

Technology 370

Technology Title Brokerage Industrial 370

Housing Wire

JUNE 2, 2025

Through impressive marketing efforts, this years recipients are driving mortgage origination volume, connecting with homebuyers at critical moments, and supporting real estate brokerages to engage buyers and sellers. By combining data, technology, and creative strategy, theyre transforming how the industry communicates, competes and grows.

Marketing 384

Marketing HR Branding Brokerage 384

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. "It was almost shocking."

Mortgages 291

Mortgages MLS Loans Finance 291

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

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. The Texas-based lender is licensed in 26 states and provides 15-year and 30-year fixed mortgages, including government loans, 203 (k) renovation loans and reverse mortgages. This consists of $1.5

Brokerage 450

Brokerage Mortgages Technology Branding 450

Housing Wire

OCTOBER 23, 2024

On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits. UWM is simply taking a lower margin, effectively,” he added.

Equity 440

Equity Loans Mortgages Loan Officer 440

Housing Wire

JUNE 20, 2024

Finance of America (FOA), the leading U.S. This data does not include originations of proprietary reverse mortgages, but no provider of these loans publicly shares the sales volume figures for their private-label products. 1 lender in the country with 7,784 endorsements in the 12-month period ending on May 31, 2024.

Finance 451

Finance Investor Mortgages Equity 451

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 20, 2025

billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle. billion deal for Redfin.

Mortgages 277

Mortgages Loan Officer Brokerage Loans 277

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. Presented by: Axis Technical Group.

Lending 411

Lending Brokerage Mortgages Banks 411

Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

Equity 461

Equity Finance Purchase and sale agreement Investor 461

Housing Wire

SEPTEMBER 10, 2022

NEXA Mortgage, the largest mortgage brokerage in the country, this week cut ties with the Association of Independent Mortgage Experts ( AIME ), claiming the trade group fails to address bullying and lacks proper governance. In a statement to HousingWire, Casa wrote that UMortgage encourages its loan originators to support AIME.

Brokerage 427

Brokerage Loan Officer Loans Mortgages 427

Housing Wire

AUGUST 17, 2022

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”. million profit during the same period in 2021.

Loans 440

Loans Investor Title Mortgages 440

Housing Wire

MAY 20, 2025

But we’re also diversifying in the field through our brokers as well as our local loan officers, and well be able to add to that through the Redfin acquisition as well here very soon, Lovier said on stage during the Mortgage Bankers Association (MBA) Secondary and Capital Markets Conference in New York on Tuesday.

Loan Officer 244

Loan Officer Loans Staging Equity 244

Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., 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. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans.

Loan Officer 451

Loan Officer Loans Brokerage Equity 451

Housing Wire

MARCH 23, 2023

The bank crisis has also reduced the spread between conforming and jumbo loan rates. ” According to Jones, the federal funds rate is expected to remain elevated through the end of the year, meaning that a higher interest rate environment is “here to stay for the time being, including for home loans.”

Loans 451

Loans Mortgages Banks Fixed-rate mortgage 451

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

Lending 344

Lending Technology Title Development 344

Housing Wire

APRIL 10, 2024

In practice, these rules prohibit giving or accepting a thing of value for referrals of settlement services in federal mortgage loans. Violations identified vary across different stages of the loan process. These services include educating the borrower, explaining the different loan types, and demonstrating monthly payments.

Banks 440

Banks Brokerage Mortgages Loans 440

Housing Wire

MARCH 16, 2023

The Consumer Financial Protection Bureau (CFPB) announced this week that it is launching an inquiry into the business practices of data brokerage firms to learn whether their impact on consumers can inform planned rulemaking under the Fair Credit Reporting Act (FCRA).

Brokerage 78

Brokerage Industrial Loans Mortgages 78

Housing Wire

JUNE 29, 2022

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings.

Loans 370

Loans Equity Lending Title 370

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing.

Mortgages 451

Mortgages Marketing Brokerage Industrial 451

Housing Wire

MAY 14, 2025

Brokers, also known as managing brokers, designated brokers or brokers-in-charge, are typically owners or supervisors of real estate brokerages. You must have a leadership mentality and the ability to see the bigger picture to grow your brokerage. Similar to an MLO, a mortgage broker finds financing for buyers.

Property Management 244

Property Management Brokerage Agents Design 244

Housing Wire

OCTOBER 6, 2023

Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market. Then, we have all the traditional financing options, including jumbo.” 1 product to help first-time homebuyers get their houses.

Mortgages 489

Mortgages VA loan Finance Renovation 489

Housing Wire

MAY 7, 2025

.” Mortgages and BuyAbility The company’s mortgage revenue rose 32% year over year to $41 million as more customers paired Zillow Home Loans with the companys Premier Agent offering. Zillow reported that 70% of homebuyers using its financing service are also working with a Premier Agent, up from 60% a year earlier.

Agents 329

Agents Property Management MLS Loans 329

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’s the origination process, which is all of the financing, title closing, and then servicing, where they essentially develop a lifetime relationship.

Technology 335

Technology Mortgages Industrial Title 335

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents. “You

Industrial 512

Industrial Seller concession Purchase and sale agreement Agents 512

Housing Wire

OCTOBER 15, 2020

At that point, Loan Factory had about 200 loans and just 13 employees. Quicken Loans , see how big they are? Though plenty of loan originators and brokerage executives are stuffing their pockets with cash, his approach is rare – he personally develops his own software and sells it to other brokerages. .

Mortgages 427

Mortgages Loans Brokerage Technology 427

Housing Wire

APRIL 21, 2025

Nestment , a real estate education company, has partnered with Florida -based brokerage The Keyes Co. According to Nestment, it ranks 21st among all states in housing affordability, and its share of millennial home loan recipients is among the lowest in the country.

Property Management 236

Property Management Brokerage Finance Loans 236

Housing Wire

SEPTEMBER 23, 2024

The division will be led by Joe Conrad, an industry veteran who most recently served as a reverse mortgage loan officer at Mutual of Omaha Mortgage. The division will be led by Joe Conrad, an industry veteran who most recently served as a reverse mortgage loan officer at Mutual of Omaha Mortgage.

Lending 440

Lending Mortgages Equity Loan Officer 440

Housing Wire

JANUARY 5, 2021

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.” This is a breaking news story. Check back for more updates.

Lending 538

Lending Bankruptcy Loans Brokerage 538

Real Estate News

JUNE 16, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Shutterstock By the Numbers Down payments drop for the first time in nearly 2 years A new Redfin report suggests homebuyers may be seeking less expensive homes as ongoing economic concerns add pressure to large purchase decisions. Redfin found that 15.3%

VA loan 147

VA loan FHA loan Loans Finance 147

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months.

Mortgages 469

Mortgages Banks Brokerage Loans 469

Housing Wire

OCTOBER 14, 2020

On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the brand that has become ever-present in the lending space.

Loans 316

Loans Loan Officer Branding Technology 316