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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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Ally Financial closes mortgage origination business

Housing Wire

Bloomberg was the first to report the developments. The company also plans to explore strategic alternatives for its credit card business in the first quarter of 2025. These changes are expected to result in a workforce reduction of less than 5% of Ally’s approximately 11,000 employees.

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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.” Hes 26 years old.

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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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Compass in negotiations to buy HomeServices of America

Housing Wire

That deal is expected to close in the second or third quarter of 2025. That deal is expected to close in 2025, with Compass paying with $150 million in cash and 44 million shares of its Class A common stock. Editor’s note: This is a developing story and will be updated. billion in equity.

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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. Offer training, mentorship, and career development plans to support long-term success.