Remove Equity Remove Staging Remove Technology
article thumbnail

Longbridge goes beyond reverse with Figure partnership, new ‘HELOC for Seniors’

Housing Wire

It’s doing so with the launch of a new home equity line of credit ( HELOC ) option specifically for customers ages 62 and older. Longbridge CEO Chris Mayer made the announcement from the stage on Tuesday at The Gathering by HousingWire. Reverse mortgage lender and servicer Longbridge Financial , a no.

Equity 358
article thumbnail

MAXEX hires Daniel Wallace as chief operating officer

Housing Wire

Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. Bill Decker, MAXEX president and co-founder, highlighted Wallace’s expertise in mortgage technology as a valuable asset for the company. “The U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FirstTeam begins national expansion, introduces new agent compensation plan

Housing Wire

. “FirstTeam’s impressive growth is fueled by a robust ecosystem designed to nurture agents at every stage of their career,” said Michele Harrington , the companys CEO. The company reported $6.13 billion in sales in 2024 and recruited 512 agents during the year.

Agents 365
article thumbnail

The Mortgage Collaborative launches emerging technology fund

Housing Wire

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

article thumbnail

HomeLight raises $20M to expand Buy Before You Sell product

Housing Wire

Zeev Ventures , an early-stage venture fund, led the Series D extension, and was joined by Stereo Capital and Menlo Ventures. HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. according to HomeLight.

Equity 449
article thumbnail

Solving the HEI origination securitization challenge  

Housing Wire

Home Equity Investment (HEI) is a relatively new option for private equity real estate investors, and one that carries significant promise. This leaves them with this enormous asset in their home equity, but they have no way of accessing it short of selling their home, which is simply something that many people dont want to do.

Equity 199
article thumbnail

Home equity is the bright gem of the housing market

Housing Wire

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 370