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Lamacchia Realty acquires family brokerage of NAR President Kevin Sears

Housing Wire

On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Anthony Lamacchia The financial terms of the deal were not disclosed, but Lamacchia said the possibility of a merger has been a topic of discussion between himself and Sears family since 2015.

Realty 421
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Real estate brokerage Radius unveils mortgage-lending arm

Housing Wire

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

Brokerage 397
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Real estate tech roundup: Shaker, zavvie and Homie

Housing Wire

Through the platform, Shaker offers a suite of tools to streamline client communication and collaboration, including transaction management, client communication, predictive insights and a built-in referral engine. Real estate tech company Homie has launched its brokerage services in the Denver Metro region.

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Judge’s ruling: it’s heartland homeowners v. NAR

Housing Wire

Bough’s 41-page ruling does not say either way whether he believes that NAR and the four brokerages conspired to make real estate commissions higher.

Brokerage 370
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UWM sues two more broker shops for working with Rocket & Fairway

Housing Wire

The disputes involve Californian brokerage shops Kevron Investments Inc. Meanwhile, Mid Valley Funding, which started doing business with UWM in June 2015, sent at least 62 mortgages to Rocket and Fairway, the lawsuit claims. and Mid Valley Funding & Inv. Inc and a request of $420,000 in damages. .

Contracts 370
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ICE integrates Maxwell and Roostify to eClose solution

Housing Wire

Parvesh Sahi, senior vice president of business and client development at ICE Mortgage Technology, said that lenders will have a true digital experience that provides efficiency, speed, and cost savings. “We Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

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DataDigest: Study shows agents are aplenty, most with few or no sales

Housing Wire

A 2015 NAR study noted that becoming a licensed agent takes on average 70 hours, which is 302 hours less than it takes to become a cosmetologist. Companies do this due to high turnover rates and to bring in new clients who come with new agents, the study argues. On this, NAR has previously reached the same conclusion.

Agents 432