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. Is now a good time to invest in real estate automation technologies?

Lending 418

Lending Brokerage Mortgages Banks 418

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% in Q1 2022, when investors were taking advantage of low mortgage rates.

Investor 484

Investor Residential Brokerage Mortgages 484

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. million in cash paid on the closing date, $1.5 Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said.

Brokerage 438

Brokerage Mortgages Technology Branding 438

Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. There are some caveats related to counseling services, referrals, and duplicative work.)

Banks 439

Banks Brokerage Mortgages Loans 439

Housing Wire

JUNE 20, 2024

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. Each LO is closing 12 loans per month with an eventual goal of 15 to 20.

Lending 459

Lending Brokerage Loan Officer Loans 459

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Now, it’s time to join a brokerage. Buyer’s agent : The buyer’s agent represents the buyer.

Agents 448

Agents Brokerage Purchase and sale agreement Commercial 448

Housing Wire

MARCH 20, 2025

Rocket Companies hopes to close a $1.75 billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage ‘s pending $1.75 Essentially, it’s the holy grail of mortgage and real estate tech.

Mortgages 224

Mortgages Loan Officer Brokerage Loans 224

Housing Wire

NOVEMBER 29, 2021

The Mortgage Industry Standard Maintenance Organization (MISMO) announced last week that the organization is looking for participants for an initiative focused on standardizing pre-closing title document data sets. MISMO hopes that the initiative will streamline the business process and improve the efficiency of the closing process.

Closing 411

Closing Title Land Brokerage 411

Housing Wire

MARCH 10, 2025

Monday’s breaking news that Rocket Companies is set to acquire online real estate brokerage Redfin shed light on the changing landscape of the homebuying marketplace. And when you connect that to the scale of the mortgage platform that we’ve built over 40 years, we think that that creates a multiplier effect.”

Branding 414

Branding Brokerage Commercial Title 414

Housing Wire

APRIL 4, 2022

million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. Before the acquisition of Bay Equity was completed, Redfin laid off 121 staffers in its mortgage division. Presented by: 1000watt.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

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 But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage. Funny you should ask.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

Housing Wire

DECEMBER 16, 2024

The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. of the loan amount) at settlement to use toward their closing costs.

Brokerage 360

Brokerage Agents Technology Industrial 360

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 post Howard Hanna acquires New York brokerage Rand Realty appeared first on HousingWire.

Brokerage 435

Brokerage Commercial Title Closing 435

Housing Wire

APRIL 22, 2024

In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” With the headwinds facing the real estate industry, Wright and Murray believe smaller brokerage firms will be looking for a place to land, making acquisitions a possibility for even one-office, 25 agent firms.

Brokerage 451

Brokerage Purchase and sale agreement Title Industrial 451

Housing Wire

NOVEMBER 20, 2024

As real estate agents adjust to sweeping changes brought by the commission lawsuit settlement, a new report from discount brokerage Clever Real Estate reveals one thing hasn’t shifted: Americans still overwhelmingly trust full-service agents to sell their homes.

Agents 476

Agents Brokerage Sales Staging 476

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. The brokerage, which was founded in 1976 by Gene Boone, will now be known as RE/MAX Foxfire.

Brokerage 432

Brokerage Branding Technology Agents 432

Housing Wire

MARCH 7, 2025

Rocket Mortgage is shutting down its Canadian operations as the company refocuses on its core U.S. We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition, Rocket Mortgage said in a statement.

Mortgages 198

Mortgages Title Lending Brokerage 198

Housing Wire

APRIL 4, 2025

Four top companies Compass , Anywhere Advisors , eXp Realty and HomeServices of America continue to outperform their competitors, but The Real Brokerage is nipping at their heels, according to the 2025 RealTrend Verified Brokerage Rankings. Palmer founded mortgage refi and servicing company RP Funding in 2008.

Brokerage 225

Brokerage Title Agents Mortgages 225

Housing Wire

MARCH 22, 2024

The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. eXp, Compass take top spots again For the second year in a row, virtual brokerage eXp Realty , led by CEO Glenn Sanford , retains the No. The Real Brokerage proved its model is enticing for agents and teams by adding $6.8B

Brokerage 448

Brokerage Branding Agents Residential 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

AUGUST 5, 2020

Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. For example, about two weeks ago, Quicken Loans advertised a “limited-time” rate of 1.99% on 15-year mortgages. Others just wanted more details.

Mortgages 528

Mortgages Loan Officer Lending Loans 528

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

APRIL 4, 2025

An illustration of a mortgage executive losing a top-producing LO who wishes to become a 1099 LO. Doing so would close what he described as the 1099 loophole. The mortgage executive who called was initially excited because he feels like hes abiding by the rules of Dodd-Frank in classifying his LOs as W2 employees. Its blatant.

Pre-approval 279

Pre-approval Loan Officer Loans Brokerage 279

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 381

Finance Closing Brokerage Banks 381

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

SEPTEMBER 9, 2020

Spurred by the impact of the coronavirus, the partnership closed more than 1,600 RON transactions in the first half of 2020, a more than 200% increase over the 500 RON transactions that they closed in all of 2019, the companies told HousingWire. “We It’s a welcome improvement.”. We have continued to grab market share.”

Title 410

Title Closing Branding Brokerage 410

Housing Wire

SEPTEMBER 7, 2023

Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. Real estate brokerage is definitely not for the faint of heart. By the numbers Consider this: It’s estimated that there are currently about 125,000 brokerage firms in the United States. With the Realtor count close to 1.6

Brokerage 406

Brokerage Land Residential Agents 406

Housing Wire

AUGUST 4, 2023

Redfin was in the red yet again in the second quarter , but its losses are narrowing and it’s tweaking its unique brokerage model to court more experienced agents in pricey coastal areas. The brokerage and portal’s real estate services division, its principle source of revenue, dropped to $180.6 Redfin’s mortgage revenue was $38.4

Brokerage 370

Brokerage Sales Agents Closing 370

Housing Wire

DECEMBER 16, 2020

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. Kortas said the company is confident that Smart Mortgage’s claims will be found to lack merit.

Mortgages 418

Mortgages Loan Officer Brokerage Loans 418

Housing Wire

SEPTEMBER 30, 2024

Mauricio’s Umansky’s The Agency is getting into the mortgage business. The brokerage has entered into a joint venture with Barrett Financial Group to offer what the companies believe will be a wide range of mortgage products and streamlined underwriting to The Agency’s luxury clients.

Mortgages 429

Mortgages Lending Brokerage Loans 429

Housing Wire

MARCH 31, 2025

billion deal comes just weeks after the Detroit-based lender announced its acquisition of real estate brokerage Redfin for $1.75 There is the potential for significant revenue growth depending on mortgage rates. Cooper in a $9.4 Its presumably the next step in Krishnas quest to make Rocket the Apple of homeownership.

Technology 261

Technology Mortgages Industrial Title 261

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio 316

Debt-to-income ratio Agents VA loan MLS 316

Housing Wire

JANUARY 22, 2025

17 asserts that several Lehigh Valley-based mortgage brokers and their manager, Barry Newhart, took part in a kick-back scheme that violates the Real Estate Settlement Procedures Act ( RESPA ). The complaint states that the total value of the kickbacks was at least $500,000 and potentially amounted to close to or more than a million dollars.

Mortgages 390

Mortgages Brokerage Loans Agents 390

Housing Wire

AUGUST 12, 2021

Mortgage, title, appraisal, servicing, iBuying, real estate brokerage , green energy — the gamut. A few hours after applying for a mortgage, the consumer would receive underwriting approval. Then comes the mortgage — which their agent would monitor through Rocket Pro Insight. This content is exclusively for HW+ members.

Mortgages 435

Mortgages Title Brokerage Development 435

Housing Wire

JANUARY 23, 2025

Our services cost buyers 0% of their purchase price, so that should be incentive for them to come to us, because now they can take the money a seller may be offering as a buyers agent commission, and since we own a mortgage originator, they can use that to help with their down payment or even buy down their mortgage interest rate, Logozzo said.

Agents 367

Agents Brokerage As-is Industrial 367

Housing Wire

AUGUST 7, 2020

Brokerage giants RE/MAX and Keller Williams announced second-quarter numbers Friday, reflecting a business environment that had its share of ups and downs as a result of COVID-19. RE/MAX’s Motto Mortgage recorded its franchises increased 29.6%, to 127 operating offices. Agents also closed $85.3 million, year over year.

Brokerage 397

Brokerage Technology Agents Closing 397

Housing Wire

AUGUST 9, 2023

Fast-growing The Real Brokerage posted a $3.97 During the second quarter, Real once again delivered best-in-class growth with our agents closing a record number of transactions,” said Tamir Poleg , the CEO of Real. Like many other brokerages , the firm is still in the red (it lost over $20 million last year). compared to 8.3%

Brokerage 358

Brokerage Agents Title Lending 358