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47-year-old Florida indie brokerage joins RE/MAX

Housing Wire

Foxfire cited RE/MAX’s technology offerings as a major draw to the brand. “We We were completely blown away by the tools and technology and the culture of RE/MAX,” Owen Boone, RE/MAX Foxfire’s vice president and director of operations, said in a statement.

Brokerage 398
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The Real Brokerage settles Umpa commission lawsuit for $9.25M

Housing Wire

In the NAR’s $418 million settlement in the Sitzer/Burnett commission lawsuit, the trade group agreed to protect all brokerages with sales volume at $2 billion or less in 2022. billion in sales in 2022 and will have to pay the Umpa settlement out of its own coffers. The Real Brokerage closed $14.4

Brokerage 377
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It’s prime time to audit tech stacks for success

Housing Wire

Similarly, many lenders are currently auditing their roster of vendors and technologies to optimize productivity and return on investment (ROI). The good news is that the last two quarters have shown steady improvement from Q4 2022. And they’re making sure they have the technologies to do so.

Tools 411
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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. We’ve been training it just so you can ask a question, and it can give you the various guidelines in response,” Smith explained.

Investors 414
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What mortgage lenders need to know about wholesale

Housing Wire

DS: The growth of the channel has been significant, especially in terms of technology. UWM is focused and committed to building custom technology specifically for independent mortgage brokers. As the top mortgage lender, we are always building, growing and improving broker tools on a daily basis.

Mortgage 357
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ProxyPics Partners with Freddie Mac to Simplify Refinance Mortgages in the Digital Age

Appraisal Buzz

Chicago — ProxyPics makes wave as the first Property Data Report provider for Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report), launch made effective on July 17, 2022. Their patented technology and national network of Proxies allows for scalability based on market demand. About ProxyPics.

Training 221
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Zillow’s new AI feature can talk to home shoppers like it’s a friend

Housing Wire

It is also training machine learning models to get better at responding to users’ queries in “human-like sentences.” “Beyond easy-to-filter criteria like bedrooms and bathrooms, buyers are considering many other specific features that match their unique lifestyle,” Jenny Arden, Zillow’s chief design officer, said in a statement.

Tools 405