Housing Wire
MARCH 16, 2022
Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. InstaMortgage currently offers conventional, FHA and VA products in-house through its retail LOs and only brokers out a small portion of loans: jumbos and non-QM.
Housing Wire
OCTOBER 3, 2023
Redfin put the real estate industry on notice Monday morning, announcing that it will require agents to cancel their National Association of Realtors membership where possible. According to industry analyst Rob Hahn, NAR has won all but one lawsuit requiring Realtor association membership for MLS access. I doubt it, but maybe.”
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Housing Wire
JUNE 5, 2023
MC Mortgage Group, a mortgage brokerage based in Wilmington, North Carolina, serves homebuyers across North and South Carolina. Patrick Stoy , president of MC Mortgage Group, established the brokerage in 2005 and brings with him 24 years of experience in the housing industry.
Housing Wire
SEPTEMBER 11, 2023
Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products. About 30% of Cliffco’s production volume consists of non-QMs and executives expect that share to grow to 40% in 2024.
Housing Wire
MARCH 30, 2023
Just having those additional layers in the retail model really creates strain there,” Kirby said in an interview. I think maybe if you look back a few years, the broker space from a technology perspective was lacking, but has really caught up to where retail was (…). So opening up a brokerage was kind of always on my mind.
Housing Wire
MARCH 15, 2024
Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers.
Housing Wire
OCTOBER 20, 2023
At one time, the former two had over 1,500 retail locations in the United States combined. Consumers have had lots of choices in brokerage services, including those with lower costs, but they have chosen not to use them in any meaningful way. Just look at CoStar’s dominance over the commercial brokerage market.
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