Housing Wire

JUNE 2, 2021

Real estate tech startup Spruce announced on Wednesday a Series C funding round of $60 million led by Zigg Capital and backed solely by repeat investors, including Bessemer Venture Partners and Scale Venture Partners. Spruce currently works with clients including Better.com, Hometap, and US Wide.

Real Estate 399

Real Estate Investors Insurance Clients 399

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential. Six months after raising $3.5

Mortgage 358

Mortgage Investors Retail Investing 358

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank appreciates its valued client relationships and remains committed to providing superior financing solutions to its retail lending consumers and warehouse financing clients,” Williams said. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

Lending 370

Lending Business Retail Client Relationships 370

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. MassiveCert will be rebranded as Xactus Flood Solutions. “The Up until now, Xactus obtained data from third parties.

Insurance 326

Insurance Clients Modernization Technology 326

Housing Wire

MARCH 22, 2021

The Insurance Commissioner for the state of Washington apparently concluded that Modus offered real estate agents and their clients a “thing of value,” such as free home warranties, other closing-related services, in exchange for switching their escrow and title services to Modus. In all, Compass has lost $1.1 billion as of Dec.

Insurance 423

Insurance Real Estate Agent Brokerage Real Estate 423

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Communicate effectively with clients Proactive communication — answering the question before it’s asked, or offering solutions to impending problems — is key. But don’t kid yourself.

Real Estate 397

Real Estate Legal Tenants Clients 397

Housing Wire

APRIL 22, 2024

Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell. Buyer’s agents who can find their clients a home that’s not even on the market are instant heroes. Send this letter to apartment complexes and past rental clients you’ve worked with.

Real Estate 360

Real Estate Open Houses Brokerage Real Estate Agent 360

Housing Wire

APRIL 13, 2023

Sahi brings to the role more than 10 years across multiple executive positions in sales, strategy, client management and business development teams at companies including ICE Mortgage Technology and Ellie Mae. Movement Mortgage , First American Financial and FinVC also joined existing investors 8VC , Khosla Ventures and Fifth Wall.

Technology 263

Technology Mortgage Insurance Clients 263

Housing Wire

MARCH 30, 2021

Real estate tech company Spruce announced a joint project Tuesday with insurtech platform Digital Partners and American Digital Title Insurance Company to offer a fully underwritten title commitment that it says can be completed in minutes. In September, the companies announced a joint project to offer cost-effective title insurance.

Insurance 252

Insurance Real Estate Investors Clients 252

Housing Wire

JULY 19, 2021

Blend’s investors are apparently convinced that the company can radically transform lending, simplifying and digitizing regimented-but-clumsy processes that are still rather paperwork-heavy. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm (the latter in a $422 million deal).

Insurance 382

Insurance Investors Technology Real Estate Agent 382

Housing Wire

APRIL 19, 2022

In its Q4 earnings report earlier this month, Blend executives told investors and analysts that it was committed to reducing costs at its Title365 arm in light of lower origination volume from its mortgage originator clients. The layoffs are to be completed in the second quarter, the company said. million in 2021, including $71.5

Mortgage 368

Mortgage Investors Clients Insurance 368

McKissock

JANUARY 4, 2021

If you’re a real estate agent who caters to investor clients, you absolutely want to know the basics of executing a 1031 exchange. For one, if your clients go that route, they stand to save—and make—a good bit of money. So it certainly makes good business sense for investors. So, what is a 1031 exchange?

Clients 95

Clients Tenants Investors Real Estate 95

Housing Wire

JULY 28, 2023

We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call. annual decrease in title insurance net premiums and fees generated to $649.6 million and a 68.3%

Insurance 309

Insurance Investors Development Housing Market 309

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. Property managers and real estate agents who are interested in working with investors.

Real Estate 382

Real Estate Investing Investors Renovations 382

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. It operates more than 650 branches nationwide and employs some 4,000 people.

Modernization 337

Modernization Mortgage Lending Investors 337

Housing Wire

AUGUST 2, 2022

First American Financial Corporation ’s digital closing platform firm Endpoint is now offering a suite of integrated title tools specifically designed for proptech companies, investors and tech-forward real estate organizations looking for a scalable digital closing platform. Why proptech intergration is more important than ever. “The

Investors 314

Investors Real Estate Retail Clients 314

Housing Wire

AUGUST 19, 2021

“In the second quarter we continued to expand our customer base and grow within existing customers, closed a large acquisition that will accelerate the advancement of our platform, and executed a successful IPO with strong investor interest and support,” Ghamsari said in a statement. It also said it now has deals with 32 of the top 100 U.S.

Insurance 361

Insurance Retail Clients Technology 361

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans.

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

JUNE 6, 2023

Defunct Long Island-based Sprout, led by industry veteran Strauss, informed hundreds of workers it was closing its doors on July 6 after a sharp rise in mortgage rates saddled the company with loans it was unable to sell to investors in the secondary market at par. million and has started a new mortgage company.

Clients 308

Clients Mortgage Insurance Investors 308

Housing Wire

MAY 11, 2022

Title insurers big and small can’t seem to escape rapidly deflating refinance volume, but Fidelity National Financial still pulled out the second-best quarter ever for title revenue in Q1 2022. On the firm’s first-quarter earning’s call with investors, executives stated that this was Fidelity’s best first quarter on record for revenue.

Insurance 374

Insurance Investors Marketing Clients 374

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. FHA mortgage programs The Federal Housing Administration (FHA) provides easy-to-qualify government insured loans.

Real Estate 403

Real Estate Government Law Buyers 403

Housing Wire

APRIL 7, 2022

million in 2020 during the refi-boom and with the market headed into a correction, executives warned investors revenue would plummet. With major deals to nab clients like Mr. Cooper , he expects market share to increase to about 20% in 2022. million in 2021, including $71.5 million in the fourth quarter. With rapid changes in U.S.

Mortgage 374

Mortgage Technology Clients Insurance 374

Housing Wire

JULY 19, 2022

The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S. As a licensed and regulated entity, we take our responsibility seriously to ensure our clients’ crypto is safe and returned when requested.”. or pursue refinancing.

Mortgage 416

Mortgage Design Insurance Lending 416

Housing Wire

APRIL 1, 2021

Boston National Title (BNT), founded in 2006, offers servicing solutions to help ensure loan portfolios meet investor expectations and are both in compliance with regulatory requirements and within the risk tolerance of the GSEs. Our clients really appreciate our adaptability combined with our great service.”. “Our

Clients 213

Clients Investors Agents Design 213

Housing Wire

NOVEMBER 2, 2021

California-based Anchor Loans, founded in 1998, provides capital for professional residential real-estate investors through bridge and construction products. According to the transaction terms, American Equity Investment Life Insurance Company provided financing for the deal and acquired $1 billion of loans originated by Anchor.

Investing 275

Investing Finance Modernization Investors 275

Housing Wire

OCTOBER 26, 2020

First American Financial, which provides title insurance, settlement services and risk solutions for real estate transactions, has acquired a minority interest in ServiceMac’s parent company and that interest will convert into equity of ServiceMac at the acquisition’s closing, pending regulatory approvals. First American Financial Corp.

Technology 402

Technology Insurance Real Estate Mortgage 402

Housing Wire

SEPTEMBER 7, 2022

Miami-based fintech Milo has started to diversify its portfolio for investors with digital holdings by offering its first crypto-mortgage refinancing product, the company announced on Tuesday. ” Milo, a licensed and insured direct lender, also offers non-crypto mortgage products for U.S.

Mortgage 420

Mortgage Loan Conditions Finance Investing 420

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Brokerage 403

Brokerage Real Estate Clients Insurance 403

Listing Spark

JANUARY 15, 2024

Real estate investors face a lot of challenges, even in Texas markets that are showing a strong ROI for flips and sales. Many real estate investors who don’t want to pay an agent to represent them deal with even more issues, ranging from lack of access to industry resources to paying for services they don’t really need.

Brokerage 36

Brokerage Investors Investing Real Estate 36

Housing Wire

FEBRUARY 17, 2023

You’re under constant scrutiny and constantly having to monitor and govern processes and practices to make sure that you are doing right by your clients.” Test those high-risk processes, those things that are of interest to the CFPB, the state regulators, federal regulators, asset owners, investors and insurers,” she said.

Government 307

Government Clients Training Insurance 307

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said.

Mortgage 364

Mortgage Clients Retail Marketing 364

Housing Wire

JULY 28, 2023

Our clients still have no comment,” Marc Wenger, an attorney for the defendants Sprout, Recovco and Strauss at Jackson Lewis P.C. The company also canceled health insurance coverage retroactively to May 1, resulting in several lawsuits against the lender. The lender is also the target of lawsuits from former business partners.

Mortgage 309

Mortgage Insurance Business Lending 309

Housing Wire

AUGUST 7, 2020

Before that Yankowski was president and CEO of Executive Title Insurance Services. There, Allen developed strategies for capital markets clients including Morgan Stanley and Deutsche Bank , as well as managed engagements and provided solutions for FHFA , OCC , HUD , Freddie Mac and others.

Technology 254

Technology Law Lending Legal 254

Housing Wire

JUNE 1, 2022

For the first time, the ALTA Registry will provide data on individual title insurance and settlement services companies, identified by an ALTA ID. It’s crucial that the title insurance industry urge progress and innovation in the digital closing space. According to a 2020 study by J.D.

Insurance 387

Insurance Real Estate Agents Technology 387

Housing Wire

FEBRUARY 28, 2022

The system ensures compliance to insurer or investor requirements, and flags missed timelines and inaccurate or incomplete information. Our servicing clients have voiced frustration to us over the years about the lack of current technology and limited claims outsourcing options.

Mortgage 354

Mortgage Technology Training Clients 354

Housing Wire

MARCH 3, 2022

For example, the liquidity pressure placed as they have to pay investors, insurers, and taxing authorities on loans in forbearance, regardless of whether the borrower actually makes those payments. Rocket was the number three issuer of Ginnie Mae-insured mortgages in February, originating $3.5 As of December 31, 1.3%

Insurance 365

Insurance Finance Government Mortgage 365

Housing Wire

OCTOBER 4, 2022

BW: To meet Mortgage Industry Standard Maintenance Organization (MISMO) and investor standards, a RON platform should provide continuous, synchronous audio and video feeds that contribute not only to a smooth closing process but also to the required credential analysis and authentication procedures.

Housing Market 367

Housing Market Marketing Real Estate Investors 367