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Tomo Mortgage closes $20M Series B funding round

Housing Wire

Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. It claims to save the typical homebuyer up to $4,000 in closing costs and offers interest rates that are 50 to 100 basis points lower than the industry average, according to a press release.

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How a 26-year-old Douglas Elliman agent closed $100 million+ in 2024

Housing Wire

Over the last eight years, Abraham Sarway has parlayed calculated risks like this one into running a team that closed $100 million in volume in 2024. To this day, my team and I are still working in the South Bronx, even though we regularly close deals on luxury units in Manhattan.” Abraham Sarway did. A vacation cabin upstate.

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How a new agent closed $17 million in his second year using this simple strategy

Housing Wire

Tom closed over $17 million in volume in his second year in real estate. The local competition in Charlotte was fierce, and with only a handful of closed deals, he knew he couldnt compete with experienced agents. Tom honed his networking skills over a multi-decade career in product and business development for multinational brands.

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Black Friday deals on a new home? Here you go

Housing Wire

The promotion applies to select homes in various housing developments across multiple cities. Magnolia Ridge, one of the participating housing developments in the Greater Houston deal, is offering $7,500 to $7,500 off select homes , with a few of the homes seeing prices drop from $289,200 to $244,990 and $248,590 to $239,990.

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Scaling your real estate team to 9 figures & beyond

Housing Wire

Without accountability, even the best leads won’t translate into closed deals. Step 4: Develop a recruitment and retention strategy Attracting and retaining top talent is critical to scaling your team. Step 4: Develop a recruitment and retention strategy Attracting and retaining top talent is critical to scaling your team.

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Tom Davis shares non-QM opportunities to capitalize heading into 2025

Housing Wire

Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Many investors prefer to close in the name of an LLC. Close one loan for a real estate investor and you have a repeat client for life!

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Here’s why we won’t build millions of new homes

Housing Wire

Since a Fed president makes this claim, it’s worth examining the data closely as he and his staff should be able to see the same housing data we are all looking at. A lower Fed funds rate can assist with land purchases and apartment construction, but that process would take considerable time before we see any development.