First Team Real Estate

JULY 28, 2020

HESPERIA, CA – Commercial broker and manager of the First Team Real Estate High Desert offices, Bruce Kallen recently closed escrow on two significant commercial transactions totaling over $8 million in closed sale volume. Million in Sales in Just One Week appeared first on FirstTeam. million, and a $1.45

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Commercial Closing Sales Residential 98

Housing Wire

SEPTEMBER 15, 2020

The virtual notary services industry has become increasingly popular amid the COVID-19 pandemic as businesses have adopted remote signatures to adhere to social distancing protocols while closing on mortgages and other loans. Electronic closings supported by remote online notarization (RON) offer advantages to notaries, borrowers and lenders.

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Closing Loans Banks Investor 491

Housing Wire

MARCH 6, 2024

The move strengthens the bank’s balance sheet amid a confidence crisis related to its commercial real estate loan portfolio. Analysts at Keefe, Bruyette and Woods (KBW) estimate a mortgage servicing rights sale (MSR) could improve the bank’s CET1 ratio by 10 to 15 bp basis points. EST, up 18% compared to the previous closing.

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Equity Mortgages Banks Commercial 396

Housing Wire

OCTOBER 26, 2023

Yearly decreases were reported across the commercial, purchase and refinance segments, with purchase order volume take the largest hit, dropping by over 7,000 opened orders to 53,506 orders. In addition, the average revenue per order to $3,653, primarily attributable to a decrease in the average revenue per order for commercial transactions.

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Title Commercial Equity Residential 399

Housing Wire

FEBRUARY 11, 2021

The company closed over one million transactions while most of our people were working from home. Total commercial revenue was $226.6 Direct premiums and escrow fees were up 24% compared with the fourth quarter of 2019, driven by a 32% increase in the number of direct title orders closed. million, down 5% year over year.

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Title Commercial Closing Equity 498

Realty Biz

MAY 2, 2023

Shopping for commercial real estate can be a far different process than searching for residential rentals. If you aren’t familiar with finding and securing commercial property lease agreements, you might be inclined to look for potential new premises in some of the following ways.

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Commercial Property Management Development Residential 80

Housing Wire

AUGUST 2, 2023

In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday. In addition to the brokerage, Owen also owns a property management company, an escrow firm, a commercial real estate arm and a design-and-construction firm.

Brokerage 370

Brokerage Commercial Property Management Branding 370

Realty Biz

JANUARY 11, 2024

The two dimensions of the real estate world, residential and commercial, have significant differences, and any aspiring agent needs to know what it all is about before biting off more than they can chew. It can be crucial to know in advance if you can do both commercial and residential real estate.

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Commercial Residential Agents Brokerage 48

Housing Wire

AUGUST 5, 2021

Fidelity’s total commercial revenue was $347 million, an 89% increase year-over-year driven by a 65% increase in closed orders. Total commercial orders opened also increased 58% year over year. Second quarter refinance orders opened and closed both decreased this quarter — 25% and 5%, respectively, on a daily basis.

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Title Commercial Closing Technology 384

Housing Wire

JANUARY 31, 2023

First Internet Bancorp , parent company of First Internet Bank, announced that the exit will include its nationwide digital direct-to-consumer mortgage platform, which originates residential loans for sale in the secondary market. I’ve been around it now for close to 25 years. million as of December 31, 2022, a 13.7%

Banks 421

Banks Mortgages Lending Commercial 421

Housing Wire

MAY 26, 2023

Because the title and settlement services business is closely regulated at the local level, a title firm needs to have some kind of presence or capability within the geographic footprint it serves. Again, just hanging out a shingle — especially for commercial closings — won’t get it done. All down cycles come to an end.

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Title Marketing Purchase and sale agreement Commercial 366

Housing Wire

MARCH 30, 2022

We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. Since we now have good coverage across those segments, our more recent investments have primarily focused in two areas – mortgage technology and commercial real estate.

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Title Mortgages Commercial Technology 370

RIS Media

SEPTEMBER 13, 2020

A global view of the pandemic’s impact on the commercial market. Here, we’ll take a look at three core commercial property sub-sectors and how they might be affected by the recent changes in how we live and work. The post Commercial Real Estate: Post-Coronavirus Market Outlook appeared first on RISMedia.

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Commercial Marketing Investor As-is 128

Housing Wire

OCTOBER 31, 2022

In addition, both non-commercial and commercial title revenue were down, with yearly decreases of 18% and 5%, respectively. The market has shifted away from refinance towards purchase and commercial transactions, which is where we are stronger. The firm’s title segment reported an operating revenue of $647.9 year over year.

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Title Marketing Commercial Investor 368

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

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Lending Loan Officer Loans Technology 440

Broke Agent Media

MARCH 30, 2023

BAM Key Details: According to the National Association of REALTORS, pending home sales for February 2023 are up for the third consecutive month, rising 0.8% An index of 100 is equal to the level of sales contract activity in 2001, when NAR began tracking the data. While some sales fall through, for one reason or another (e.g.,

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Sales Loans Closing MLS 98

Housing Wire

MAY 9, 2022

Meanwhile, gain-on-sale margins declined from 3.41% in Q1 2021 to 2.52% in Q4 2021 and then to 2.11% in Q1 2022. The executive mentioned that recently the company consolidated the wholesale channels in mortgage and commercial businesses to bring efficiency and enhance cross-sell. Finance of America shares closed at $2.46

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Finance Commercial Mortgages Investor 370

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

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Technology Development Title Lending 450

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

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Finance Seller concession Loan Officer Loans 458

Housing Wire

AUGUST 4, 2022

The rapidly rising rates and spreads also led to compressed margins for both reverse and commercial mortgages. Funded loans deteriorated in value between the time of funding and the eventual sale of securitization, the executive said. Finance of America shares closed at $1.97 from the previous close. on Thursday, down 1.5%

Finance 397

Finance Commercial Mortgages Closing 397

Housing Wire

JUNE 17, 2021

We are proud to combine all of our assets to continue to help Nevada property owners with all of their purchase, sale, and refinance needs,” said Sylvia Smith-Turk, division president of Stewart Title in Northern Nevada. Together, the combined Stewart Nevada divisions have more than 120 employees. “We

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Title Commercial Mortgages Sales 397

Housing Wire

FEBRUARY 18, 2022

AVMs do not consider such things nor can they provide an estimated value to adjust any sales prices. Sometimes there are adverse site conditions for properties, such as busy streets, flood zones, commercial influence, etc. AVMs don’t account for commercial influence. AVMs don’t account for housing trends.

Commercial 384

Commercial Renovation Technology Inspection 384

HomeLight

JANUARY 12, 2022

How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Average time to close.

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Closing Purchase and sale agreement Pre-approval Inspection 112

Housing Wire

SEPTEMBER 30, 2020

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty , giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The Rand family will continue managing the new firm, which also has a commercial arm and a title services business. “At

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Brokerage Commercial Title Closing 410

Housing Wire

MARCH 28, 2023

Financial news this month has been dominated by ructions in the commercial banking industry , as some institutions’ risk management functions proved unequal to the rising level of interest rate,” Lazzara said in a statement. First, despite the fact that inventory has increased from a year ago, supply is still very low by historical standards.

Commercial 397

Commercial Equity Banks Finance 397

Broke Agent Media

JANUARY 31, 2023

billion Berkadia Commercial Mortgage, LLC: $6.8 billion Arbor Commercial Funding I, LLC: $3.1 billion Arbor Commercial Funding I, LLC: $3.1 First Name Email Subscribe The post Fannie Mae Multifamily Financing Closed $69 Billion in 2022 first appeared on BAM. billion CBRE Multifamily Capital, Inc.: $6.2

Finance 98

Finance Closing Equity Commercial 98

Housing Wire

SEPTEMBER 19, 2023

A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Mortgage lenders want to make sure the property is worth the sale price.

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Agents Inspection Sales Commercial 450

Housing Wire

APRIL 25, 2023

The February data pre-dates the challenges in the commercial banking industry , which started in early March, however, industry forecasters anticipate that interest rates will remain elevated as the Federal Reserve continued to focus on its inflation-reduction targets. in February, and now stands 4.9% below its June 2022 peak.” Miami’s 10.8%

Commercial 394

Commercial Closing Banks Finance 394

Housing Wire

NOVEMBER 21, 2022

According to FinCEN’s advanced notice of proposed rulemaking (ANPRM), these requirements looked at establishing more widespread recordkeeping and reporting mandates, as authorized under the Bank Secrecy Act, for individuals involved in all-cash real estate transactions in both the residential and commercial real estate sectors.

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Title Land Banks Commercial 397

Housing Wire

JULY 26, 2021

Farmer has 14 years of experience in residential and commercial real estate, and has represented clients in sales and leasing of retail and office properties, and serving as a commercial real estate associate for a Florida law firm, where he represented commercial real estate developers.

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Title Commercial Land Residential 370

Housing Wire

JUNE 4, 2021

Thomas Title & Escrow, a full-service commercial title company, was founded in 2006. Thomas has a strong reputation and a national presence that complements our current operations and creates a market-leader in commercial services,” said Steve Lessack, Stewart group president. Presented by: LQ Digital.

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Title Commercial Mortgages Sales 353

Kyle Handy

JANUARY 13, 2023

Are you looking for the perfect real estate closing gifts for your client? Closing gifts are a gesture you should take with all your clients to maintain a long-lasting relationship with them, build your sphere of influence, and get referrals. What We’ll Cover Why Should You Get a Realtor Closing Gift For Your Client?

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Closing Branding Agents As-is 95

Housing Wire

FEBRUARY 22, 2024

As we close 2023, we are operating in an environment that saw mortgage interest rates reach a high of 8% during the fourth quarter before falling to around mid-6% near the end of the year,” Eppinger said. To achieve its goal, Eppinger noted that Stewart is focusing on improving its technology and efficiency.

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Title Marketing Investor Commercial 421

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

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Commercial Brokerage Due diligence Title 421

Housing Wire

DECEMBER 9, 2022

CoStar Group , a provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, cut approximately 100 positions as it announced the integration of Homesnap with its Homes.com brands late last month. . CoStar sheds jobs after resi reorg .

Industrial 394

Industrial Residential Mortgages Investor 394

Housing Wire

FEBRUARY 10, 2022

Non-commercial domestic title revenue was responsible for $282.3 Commercial domestic revenue came in at $93.1 million due to improved commercial transaction size and volume compared to the prior year quarter. Total direct title revenue grew 24% from a year prior to $423.1 in Q4 of 2020 to 23.3% in Q4 2021. compared to 17.9%

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Title Commercial Title search Residential 397

Housing Wire

OCTOBER 20, 2023

In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. ZipRealty closed nearly 30,000 transactions at its peak. Just look at CoStar’s dominance over the commercial brokerage market. I am repeating myself but bear with me.

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MLS Brokerage Agents Industrial 432