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Clear Capital cuts 24% of its workforce in restructuring

Housing Wire

The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market. The firm reduced its workforce by about 27%, or about 350 positions, in October following a slowdown in the housing market.

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A look behind this year’s Tech100 winners

Housing Wire

LLR is not a newcomer to mortgage technology or the overall fintech market. million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Clearly, we love that the housing market supports so many professionals and households.

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Clear Capital launches APIs to make adopting modern valuations solutions easier 

Housing Wire

Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

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Clear Capital will lay off 27% of its workforce

Housing Wire

due to the slowdown in the housing market, according to the firm. Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets. TechCrunch first reported the layoffs on Friday.

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Apps for Appraisers

Appraisal Today

With the GSE appraisal modernization program, appraisers will more likely be asked to complete desktop or hybrid appraisal assignments in the future. Request a reasonable fee based on the time involved in developing, analyzing, and reporting the appraisal.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. today – may hold the keys (literally and figuratively) to the housing conundrum. But for how long?

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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. To a happy 2024! =