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Japanese luxury-home developer plans U.S. IPO

Housing Wire

a developer of luxury single-family homes and condominiums, which also has residential leasing operations in Dallas, is looking to raise up to $30 million via the U.S. investors for purchase. IPO to continue developing its business operations in Japan, to expand a startup online listing network and for general corporate purposes.

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Guaranty Home Mortgage hires EVP to expand retail channel

Housing Wire

After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation. The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans. After posting production volume of $148.76

Retail 346
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Clear Capital launches APIs to make adopting modern valuations solutions easier 

Housing Wire

Property valuation API and risk assessment API, released late last month, connect directly into existing systems through a single integration for lenders, investors and system providers, the company said in a news release. . 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

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. The APIs connect directly to existing systems through a single integration for lenders, investors and system providers.

Valuation 359
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Interfirst Mortgage to lay off nearly 50 LOs

Housing Wire

Interfirst was founded in 2001 as a retail originator and then expanded to the wholesale channel and the correspondent channel in 2008 and 2011, respectively. In 2017, after years of plummeting volumes, the company, led by CEO Dmitry Godin, decided to shutter its business, only to relaunch in 2020.

Mortgage 354
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HW+ Member Spotlight: Tim Anderson

Housing Wire

Anderson has over 35 years of industry experience having worked on both the lender and vendor side of the business, and in his current role, he is responsible for developing product and corporate strategy and strategic partner relationships that enhance and drive adoption of their digital mortgage platform and services.

Business 246
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A look behind this year’s Tech100 winners

Housing Wire

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.