Remove Closing Remove Industrial Remove Technology
article thumbnail

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.

Closing 360
article thumbnail

How Mortiles use technology and vendors services to push title searches into the future

Housing Wire

Artificial intelligence (AI), predictive underwriting , and blockchain technology are becoming more common in todays real estate industry. As a result, professionals in the title and foreclosure industries must evolve to keep up with upcoming trends. What drew you to the title search industry? We invested close to $1.5

Insiders

Sign Up for our Newsletter

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

article thumbnail

CoStar closes $1.6B purchase of Matterport

Housing Wire

Roughly 10 months after it first announced the planned deal, CoStar Group said Friday that it has completed its acquisition of 3D digital mapping technology firm Matterport. CoStar paid $1.6 billion for the acquisition. ” According to a press release, Matterport has mapped more than 14 million spaces in 177 countries. .”

Closing 311
article thumbnail

Rocket Companies to acquire Mr. Cooper in bombshell $9.4B deal

Housing Wire

Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. Rocket also has arguably the strongest recapture game in the industry, and a deal like this would give it a distinct advantage over all other competitors.

Finance 468
article thumbnail

Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

By focusing on these pillars, brokerages can enhance their overall consumer experience, adapt to industry changes, and drive sustainable growth.

article thumbnail

A&D Mortgage closes Mr. Cooper wholesale, non-del acquisition

Housing Wire

Today, A&D Mortgage announced the official closing of its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group. Cooper’s wholesale and non-delegated correspondent divisions have officially joined A&D Mortgage as part of the closing, a press release from A&D confirmed.

Closing 221
article thumbnail

FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

The company calls the move an “industry-first initiative.” FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing.

Mortgages 326