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 418

Lending Brokerage Mortgages Banks 418

Housing Wire

JANUARY 28, 2022

The second annual Finance Leaders award will be closing today, but there’s still time to nominate someone before the end of the day! We’re looking for strategic finance executives who are enabling, supporting and navigating this growth and innovation within mortgage banking or a real estate brokerage.

Finance 396

Finance Closing Brokerage Banks 396

Housing Wire

APRIL 18, 2023

According to Sawan Tivakaran, SVP, titlegenius Product Owner, “Homebuyers continue to cite the closing process as one of the most stressful events in their lives. Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike.

Closing 396

Closing Title Loan Officer Technology 396

Housing Wire

FEBRUARY 24, 2022

million in revenue during Q4, primarily due to fewer agent recruiting initiatives versus the prior year, a price increase in RE/MAX continuing franchise fees, increased events-related revenue, and growth in RE/MAX’s mortgage brokerage franchise, Motto Mortgage. The post RE/MAX banks on organic growth in 2022? over Q4 2020.

Banks 397

Banks Brokerage Investor Agents 397

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. The survey, conducted weekly since 1990, covers 75% of all U.S.

Banks 370

Banks Mortgages Fixed-rate mortgage Loans 370

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. The plug-and-play and brokerage routes. trillion in loans, about half of 2021’s $4.4

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 For this, I turned to New Hampshire-based Cohen Closing & Title , where another cousin is the director of business development.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

OCTOBER 23, 2023

We’ve learned a few things along the way, and if you’re thinking about selling your real estate brokerage firm, whether next month or five years from now, one of our biggest pieces of advice can be captured in two words — clean data. Clean data vs. dirty data So what data should be clean? Data cleanliness can make or break a transaction!

Due diligence 448

Due diligence Brokerage Staging Agents 448

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not?

Commercial 448

Commercial Brokerage Due diligence Title 448

BAM Media

OCTOBER 22, 2024

Real RISE 2024 kicks off today, October 22nd, with some exciting new developments in AI and fintech for real estate agents who’ve joined (or will join) the brokerage. Last Friday, October 18, Real President Sharran Srivatsaa gave the closing presentation at our own in-person event, BAM Mania. Read on for the highlights. and Canada.

Brokerage 98

Brokerage Development Branding Technology 98

Housing Wire

SEPTEMBER 10, 2024

Instead of building a better mousetrap to “capture” leads, AgentFire’s websites ooze personality and charm to help you create a personal connection with potential leads — without breaking the bank. Upgrades are quick and easy via their Salesforce-style Add-Ons Marketplace. Users seem to agree; AgentFire is rated above 4.8

Brokerage 448

Brokerage Agents Branding Land 448

Housing Wire

JULY 18, 2022

And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months. Bank, Citi and Bank of America looking to expand the ranks of LOs. Founded in 1870, the bank has about 65 LOs. A quick scan of job boards shows depositories such as U.S.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

FEBRUARY 14, 2025

In response, many brokerage firms have adapted their business models to navigate these challenges. brokerage firms continues to decline, sitting near 10% by the end of 2024. Additionally, segmentation among brokerage firms is likely to increase, driven by differences in cost structures and technology adoption.

Brokerage 259

Brokerage Residential Industrial Technology 259

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. million shares to the investment banks underwriting the initial public offering. would give the brokerage a “fully diluted market value of $12.5

Marketing 443

Marketing Brokerage Residential Banks 443

Housing Wire

OCTOBER 24, 2023

last year, has joined brokerage firm UMortgage , the company announced on Tuesday. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm. He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. and Paramount Bank.

VA loan 448

VA loan Loans Loan Officer Brokerage 448

Housing Wire

MAY 13, 2021

Compass has successfully become a publicly traded company, but the residential brokerage continues to lose money and it has unclear plans to generate more revenue. Compass CEO Robert Reffkin said that the brokerage is “expanding our adjacent service business” into title and escrow, and “plans to provide” mortgage services.

Mortgages 435

Mortgages Brokerage Title Residential 435

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Are digital closings really worth it? Presented by: Notarize.

Due diligence 397

Due diligence Loans Technology Lending 397

Housing Wire

JUNE 1, 2021

“Integrating Surefire’s capabilities within the wider Black Knight mortgage technology ecosystem will make it possible for lender clients of all sizes to close more loans and create customers for life.” At the time of the acquisition, Black Knight said it planned to eventually offer a 100% digital closing.

Loan Officer 459

Loan Officer Loans Banks Commercial 459

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 459

Loans Mortgages Banks Fixed-rate mortgage 459

Housing Wire

MARCH 11, 2024

Broker Kathy Kaye and agent Lorraine Baker joined Coldwell Banker Warburg , a New York City-based real estate brokerage, the company announced last week. In 2022, the team closed more than $28.5 Before venturing into real estate, Baker worked in banking and sales. “I Her team, The Baker Dellinger Team , ranked No.

Development 459

Development Brokerage Banks Agents 459

Housing Wire

FEBRUARY 3, 2021

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 million, the U.S. A more secure closing process for everyone involved. She most recently worked for Forum Mortgage Bancorp , a regional mortgage brokerage, Illinois state records show.

Mortgages 418

Mortgages Loans Banks Lending 418

Housing Wire

APRIL 3, 2023

Profitability has been a sore spot for Robert Reffkin and his brokerage, Compass. Reffkin doesn’t shy away from the fact that the brokerage has received billions in venture capital and debt. Reffkin doesn’t shy away from the fact that the brokerage has received billions in venture capital and debt.

Banks 417

Banks Brokerage As-is Closing 417

Housing Wire

AUGUST 19, 2024

When we got to the close of day on Friday, we were all kind of waiting to see if it was going to be a big event and then it wasn’t. Most sellers see the value of making sure their deal closes and are open to discussions of some participation in the buyer’s agent fee.” I won’t tell you that there wasn’t anxiety,” O’Koniewski said.

Purchase and sale agreement 476

Purchase and sale agreement Agents MLS Seller concession 476

Housing Wire

JUNE 27, 2022

“There really are hardly any winners in the mortgage industry,” said Joe Garrett, founder of banking and mortgage banking consulting firm Garrett, Mcauley & Co. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Marketing 468

Marketing Brokerage Loan Officer Mortgages 468

Housing Wire

APRIL 9, 2024

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. Lenders are a mix of credit unions, commercial banks, and mortgage lending companies.

Fixed-rate mortgage 468

Fixed-rate mortgage Loans Mortgages Loan Officer 468

Housing Wire

SEPTEMBER 18, 2024

Yet referrals are one of the best ways new agents can close more deals and earn more money. The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes. They close, and Kathy’s brokerage receives a check.

Brokerage 468

Brokerage Agents Closing As-is 468

Housing Wire

JANUARY 11, 2023

Eligible nominees must be corporate finance, capital markets or accounting executives within the mortgage origination or a real estate brokerage spaces and will be selected based on financial management, strategic thinking and contribution to their organization. So what does it take to be among the HW Finance Leaders?

Finance 435

Finance Brokerage Banks Closing 435

Housing Wire

JULY 16, 2021

To provide that competitive edge, Tomo claims to issue mortgage pre-approvals within hours – not days – and cut closing times to 21 days (the industry average is 47 days). If an appraisal doesn’t come in on time or closing documents don’t make the deadline, Tomo executives say they will still close on schedule.

Lending 476

Lending Pre-approval Mortgages Closing 476

Housing Wire

JANUARY 11, 2022

Unlike other HousingWire awards, Finance Leaders focuses specifically on corporate finance, secondary marketing, capital markets or strategic finance executives within mortgage banking or a real estate brokerage only. The post Nominations for HousingWire’s Finance Leaders award are now open! appeared first on HousingWire.

Finance 418

Finance Residential Title Brokerage 418

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . Justin Messer, CEO at Prosperity Home Mortgage.

Mortgages 418

Mortgages VA loan Loans Banks 418

Housing Wire

MARCH 14, 2022

“There are buyers that use shell companies for privacy reasons,” said Michael Nourmand, president of Beverly Hills-based brokerage Nourmand & Associates Realtors. When the ANPRM comment period closed in late February, FinCEN had received over 150 public comments.

Industrial 435

Industrial Title Commercial Banks 435

Housing Wire

MARCH 1, 2022

million in revenue during Q4, primarily due to fewer agent recruiting initiatives versus the prior year, a price increase in RE/MAX continuing franchise fees, increased events-related revenue, and growth in RE/MAX’s mortgage brokerage franchise, Motto Mortgage. The post RE/MAX banks on organic growth in 2022? over Q4 2020.

Banks 195

Banks Brokerage Investor Agents 195

Housing Wire

APRIL 2, 2023

What makes Qualia’s title and escrow products unique is the ability to achieve an unparalleled level of internal team connectivity, as well as connectivity with other transaction parties — such as lenders, brokerages, vendors, underwriters, banks and consumers — by bringing everyone together via a shared system.

Title 397

Title Brokerage Banks Closing 397

Housing Wire

NOVEMBER 30, 2021

Zillow’s Chief Operating Officer Jeremy Wacksman virtually appeared this September at a conference held by investment banking company Piper Sandler , and proclaimed, “The strength and the appeal for Zillow Offers just continues to grow. billion at the close of Nasdaq trading Monday. Zillow had a market value of $48 billion on Feb.

Investor 448

Investor Brokerage Banks Closing 448

Housing Wire

MARCH 10, 2022

The California-based lender plans to use mello to boost the development of innovative products and services in a market that has gotten ultra-competitive , with power buyers, real estate brokerage, mortgage lenders and fintechs all vying to create an end-to-end platform. Sidi has the resume for a digital products and services job.

Loans 397

Loans Title Banks Technology 397

Housing Wire

MAY 14, 2024

Homeownership is used far too often as the federal piggy bank. Last week, we wrote a letter to FHA , offering constructive suggestions to ensure a level playing field between borrowers where the seller agrees to fund buyer brokerage commissions and where the seller doesn’t. Such opportunities may arise. We need to rein them in.

FHA loan 449

FHA loan Loans Title Banks 449

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ This isn’t a new story in mortgage lending or real estate brokerage. After years of investing in technology, IMB’s and mortgage banking subsidiaries need to be more efficient.

Technology 397

Technology Brokerage Lending Mortgages 397