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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Market conditions have certainly trended downward for residential or commercial real estate. Right now, we’re generally seeing more mixed-use developments and multifaceted commercial projects.

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The Mortgage Collaborative launches emerging technology fund

Housing Wire

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

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Service provider LERETA appoints new CTO 

Housing Wire

Financial services company LERETA appointed Mitch Bledsoe to the position of chief technology officer, the company announced on Tuesday. Bledsoe joined LERETA in 2022 to serve as the senior vice president of enterprise technology.

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Global DMS transforms appraisal management software

Housing Wire

Finding an appraisal management software for real estate and commercial that works the way each individual lender does is difficult – usually resulting in time-consuming configurations, development work and training. In fact, Global DMS has onboarded a lender that uses both commercial and residential in just under 30 days.

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Stavvy lands $40 million Series A for aggressive growth

Housing Wire

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.

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Polly announces AI integration into its pricing engine

Housing Wire

Mortgage capital markets tech firm Polly announced on Tuesday that it has launched “Polly/AI,” which integrates artificial intelligence (AI) technology into the newest version of its product and pricing engine (PPE) and includes a “co-pilot” for loan officers that will “process, interpret, and recommend a range of outcome-driven results.”

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Tax & flood vendor Lereta acquired by private equity firms

Housing Wire

Lereta’s services are designed to increase efficiency, reduce penalties and liabilities and improve processes for mortgage originators and servicers. Lereta, formerly known as Lenders’ Real Estate Taxes, also offers life-of-loan, basic, and commercial determinations, as well as portfolio reviews.

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