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Better narrows loss in 2023, aims to reach profitability soon

Housing Wire

The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans.

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Mortgage Coach, Polly team up amid a rapidly shrinking industry

Housing Wire

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

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Opinion: How marketing automation saved an LO’s business

Housing Wire

People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. What’s the worst that can happen if we don’t invest in this technology?”. Mike is an experienced mortgage loan officer.

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

Housing Wire

Given enough capital, you can build a lot of technology. We’ve been investing heavily in AI for years — we have more than 10 patents on data extraction from public record data. I spent 15 years at the intersection of some large company technology organizations. The second is prioritization of investment and resources.

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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. Its parent Rocket Companies rode the wave to a stunning $9.4 billion in profit in 2020 and $6.1 billion in 2021.

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SimpleNexus secures $108 million in Series B funding round

Housing Wire

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. Tuesday’s most recent round of funding was led by Insight Venture Partners , who had in 2018 invested $20 million into SimpleNexus, and is no stranger to housing startups.

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Why should lenders put an emphasis on referrals and generating leads – Now more than ever

Housing Wire

That revenue is fuel to invest in and grow businesses. Increasing quality means less time wasted on leads that aren’t going to convert, allowing lenders and loan officers to spend their very limited and highly valuable time on business that will close and drive revenue. Investing today means winning in the future.