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FirstTeam begins national expansion, introduces new agent compensation plan

Housing Wire

. “FirstTeam’s impressive growth is fueled by a robust ecosystem designed to nurture agents at every stage of their career,” said Michele Harrington , the companys CEO. The company reported $6.13 billion in sales in 2024 and recruited 512 agents during the year.

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MAXEX hires Daniel Wallace as chief operating officer

Housing Wire

Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. Bill Decker, MAXEX president and co-founder, highlighted Wallace’s expertise in mortgage technology as a valuable asset for the company. “The U.S.

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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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HomeLight raises $20M to expand Buy Before You Sell product

Housing Wire

Zeev Ventures , an early-stage venture fund, led the Series D extension, and was joined by Stereo Capital and Menlo Ventures. HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. according to HomeLight.

Equity 481
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Home equity is the bright gem of the housing market

Housing Wire

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 370
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Redwood Trust reveals five new VC deals

Housing Wire

Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. Vesta Equity , another blockchain-enabled marketplace for tokenized home-equity investments. “As

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Tim Bowler on ICE’s end-to-end ambitions — and what keeps him up at night

Housing Wire

Tim Bowler, the president of ICE Mortgage Technology , appreciates a good analogy. Treasury official says that the mortgage technology giant’s integration of Black Knight isn’t dissimilar to building a rail line. But MSP, the flagship servicing technology engine acquired in the $12 billion Black Knight deal, runs on 2.01-meter