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IPO no: Why real estate companies stopped going public

Housing Wire

The chief executive officer for real estate brokerage Side announced a fresh $50 million in venture capital money spearheaded by ultra-prolific financier Tiger Global Management. For many years, everyone thought brokerage was ripe for major disruption,” said Gilles Duranton, real estate professor at the University of Pennsylvania.

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Rocket Companies CEO Jay Farner to retire

Housing Wire

“Since being appointed CEO of Rocket Mortgage in 2017, and subsequently CEO of Rocket Companies in connection with the August 2020 IPO, Jay has overseen the most rapid period of growth and profitability in our 37-year history,” Dan Gilbert, founder and chairman of Rocket, said in a statement.

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Construction tech startup Modulous raises $11.5 million

Housing Wire

Main contributors to this round of funding included SFV , the venture arm of German real estate developer Patrizia ; Regal London , a U.K-based based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.); and Leela Capital (U.K.).

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How to protect your title company from wire fraud

Housing Wire

In today’s evolving technological landscape, wire fraud is a pervasive risk, particularly in real estate transactions. According to the FBI’s 2022 Internet Crime Report , the problem is only worsening, with an 86% increase in monetary losses in the real estate industry since 2020. BEC attacks quadrupled from 2017 to 2022.

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First American’s Paul Hurst on the allure of big tech ideas

Housing Wire

RON is a great example: Only 15-20% of RON happens in real estate — everything else is in other industries. Real estate companies might want to engage with AI, they might want to use those tools. Lots of people talk about AI in real estate as: how do we reduce the number of FTEs at our company?

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CoreLogic leadership change: CEO Frank Martell resigns

Housing Wire

He took over as CEO in 2017 following the unexpected death of then-CEO Anand Nallathambi from an illness. One thing CoreLogic is known for is gathering proprietary housing data to develop an algorithm that can value residential property. Martell joined CoreLogic in 2011 as the company’s chief financial officer.

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Ginnie Mae announces the addition of two senior staffers

Housing Wire

Alanna McCargo, president of Ginnie Mae, announced the appointments during the National Association of Hispanic Real Estate Professionals conference that took place in Washington D.C. Additionally, Valverde worked to develop a post-conservatorship regulatory framework for the government-sponsored enterprises.

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