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NerdWallet enters the mortgage broker world with acquisition of Next Door Lending

Housing Wire

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. The analysis includes first-lien mortgage originations.

Lending 477
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Kickback accusations nothing more than government abuse and overreach, Pennsylvania mortgage brokerage says

Housing Wire

In mid-January, Pennsylvanias former attorney general Michelle Henry filed a kickback lawsuit against Barry Newhart and six mortgage entities he controls: Bright Financial Group , Conquest Mortgage , Flagship Home Loans , Legacy Mortgage Partners , Nittany Home Loans , MCT Financial , Conquest Holdings and Newhart Holdings.

Brokerage 270
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Real estate brokerage Radius unveils mortgage-lending arm

Housing Wire

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?

Lending 400
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Michael Saleh leaves Rocket to launch brokerage firm Zoom Home Lending

Housing Wire

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. “Rocket went public and the times have changed.

Lending 436
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Why brokerages and mortgage lenders are rushing into JVs

Housing Wire

The excited and at times nervous first-time homebuyers that James Dunn often represents ask him how that whole process of taking out a mortgage works, and Dunn, a Los Angeles-based real estate agent with eXp , replies with a few trusted names. Two hours south in San Diego, clients ask eXp agent Alanna Strei for a mortgage reference.

Brokerage 514
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ARIVE locks up another partnership, this time with Union Home Mortgage

Housing Wire

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.

Mortgages 346
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Rocket Companies announces deal to acquire Redfin for $1.75 billion

Housing Wire

Today, Rocket Companies announced it has entered into an agreement to purchase digital real estate brokerage Redfin in an all-stock transaction valued at $1.75 billion in equity. The deal, which has been approved by the boards of directors of both Rocket Companies and Redfin, is expected to close in the second or third quarter of 2025.