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Top-five reverse mortgage lender Finance of America (FOA) has enlisted creative advertising agency David&Goliath (D&G) to serve as its new creative agency of record (AOR), following a competitive process including several other candidate agencies.
A national syndicated columnist has taken a closer look at the reverse mortgage product category after reviewing data from the Consumer Financial Protection Bureau (CFPB) about the industry’s advertising practices , and she says that the product can have utility for older Americans as long as a prospective borrower properly understands it.
In today’s digital marketing landscape, Pay-Per-Click (PPC) advertising has emerged as a powerful tool for real estate and mortgage businesses seeking immediate visibility and results. PPC advertising offers a strategic way to cut through the noise by placing ads directly in front of users actively searching for relevant services.
But while Zillow did get its wish after NAR chose to uphold CCP for now, the trade groups new Multiple Listing Options for Sellers policy which creates the concept of a delayed marketing exempt listing has the potential to put some serious strain on Zillow and other listing portals like Realtor.com and Homes.com.
The announcement, made in a YouTube video featuring Rocket Pro TPO Executive Vice President Mike Fawaz and Divisional Vice President Nathan Kyle, also advertised the company’s upcoming “Pro Performance Sales Training” efforts, slated to occur on Nov. billion through its TPO channel.
Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025.
Under the National Association of Realtors (NAR) new Multiple Listing Options policy, the trade group is allowing listing agents, with the signed consent and direct permission of their seller client, to delay publicly marketing a listing through Internet Data Exchange (IDX) feeds and syndication.
Dubbed the Clear Collaboration Policy, the rule would still require agents to advertise listings on a multiple listing service (MLS), but it would allow sellers and agents to decide on how theyre advertised after that. Compasss three-phase marketing plan seems primed to take advantage of CCP going away in the event that that happens.
Ongoing supply and affordability challenges in the housing market have frustrated many homeowners who have looked to trade up or relocate for various reasons. The market for renovation projects is a lucrative one for homebuilders and contractors. In response, some consumers have turned to renovation projects to meet their needs.
Statara Solutions has expanded its Statara Media Platform to include digital audio advertising, allowing real estate professionals, associations and advocacy groups to target audiences through podcasts and streaming radio. ” Allen emphasized the growing importance of digital audio in marketing strategies. ”
Similar to other lending discrimination cases, the CFPB and the DOJ accuse Fairway of redlining as the company allegedly discouraged people from majority-Black neighborhoods from applying for mortgages, including through its marketing and sales actions. The regulators added that in the Birmingham area — which has six counties and about 1.1
IMBs have no taxpayer backing, don’t take deposits from communities, and instead of diverting capital out of communities, access capital markets to bring affordable mortgages into underserved communities. The post Opinion: CRA for IMBs won’t work as advertised appeared first on HousingWire.
HousingWire’s 2024 Marketing Leaders award recognizes the most creative and influential marketing minds in the housing economy. This year’s winners have demonstrated exceptional creativity, strategic thinking, and the ability to adapt in a rapidly-evolving landscape. Congratulations to this year’s honorees!
A lawsuit over allegedly deceptive and misleading advertising practices between two of the reverse mortgage industrys leading players saw a new development this week. Mutual of Omaha Mortgage amended its counterclaim that alleges deceptive advertising practices against Longbridge Financial.
Michigan-based United Wholesale Mortgage (UWM) has extended its 60 basis points (bps) pricing incentive until March 31 “due to its strong success and the substantial competitive edge its offered independent mortgage brokers in todays market,” a spokesperson from UWM confirmed.
Homes.com is back at it with another round of Super Bowl advertisements. The two advertisements are titled Not Saying Were the Best, which will air during the first quarter, and Still Not Saying Were the Best, which will air during the third quarter. When Morgan Freeman says so, who can say it is not so?
The companys ambitious commercial which featured John Denvers Take Me Home, Country Roads was only the first part of the Own the Dream rollout from Rockets marketing team. 31, 2023 which was added to its investors page on Monday highlighted the reasoning behind its heavy marketing initiatives. billion in 2021 to $7.36
Realtor.com notes that new rental properties coming onto the market are expected to put continued downward pressure on rents next year. For the analysis, Realtor.com examined rental data as of October 2024 for studio, one-bedroom, or two-bedroom units advertised as for-rent on Realtor.com.
Its my expectation that after this meeting, when this comes to a NAR vote overall, that theyll do the right thing and remove that policy and let the free market continue to work, Ketchmark said. Supporters argue it ensures fair housing opportunities, while critics claim it restricts homeowners rights to market their properties as they choose.
Digital marketing is a powerful tool, but with 61% of marketers identifying generating traffic and leads as their top challenge, and the industry headwinds we’re facing with high interest rates and inventory shortages, budgeting effectively for marketing across paid channels has never been more critical.
Compass says that the listings protect home sellers against negative insights, such as days on market. At Compass we are advocating for homeowners to have control over how their listings are marketed, Reffkin said in a statement. Coming Soon is part of Compasss three-phase marketing plan for homes. Coming Soon is next.
ERA Real Estate , part of Anywhere Real Estate , is launching its first multifaceted media campaign with advertising across Major League Baseball (MLB) and Minor League Baseball (MiLB) games this season. Additionally, ERA will host “Day at the Park” events with MiLB teams in select markets. ”
It also targets “bait-and-switch data harvesting,” where data is used under false pretenses, such as offering loans using targeted advertising data. This has created an even less durable final rule that does not reflect market, technological , and practical realities.”
For the last few years, the Detroit-based financial services company has sat on the bench when it comes to advertising during the big game. He continued, The Super Bowl is the ultimate marketing stage. In its past ads , Rocket has utilized celebrities like Tracy Morgan and Jason Momoa to advertise itself.
It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. New ad agency, HomeSafe Second performance Sieffert also revealed that the company has enlisted the services of a new advertising agency partner.
On Thursday, the firm announced that Forsythe was joining eXp as its new chief marketing officer. According to the release, in this role, Forsythe will be responsible for building the firm’s marketing strategies and global initiatives, working to expand the company’s brand visibility. “I’m absolutely thrilled to join eXp Realty.
The race is on for brokerages to capture clients in an incredibly difficult housing market, and Compass believes a new technology offering will give it an advantage. It also provides market analyses, a calendar of upcoming events and a list of taks to complete tasks.
Nominations for HousingWire’s 2024 Marketing Leaders award are open now through April 30th, 2024. The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate. Click here to nominate someone.
It expands the reach of the network, and we expect the marketplace overall to benefit as those advertisers can now get access to Zillow, to Redfin’s network and, of course, to Realtor.com , our existing partner. The loss was driven by sales and marketing expenses, which rose from $658 million in 2023 to $790 million in 2024.
Agents subscribed to Bright MLS now have access to a built-in advertising tool through a new partnership with Collabra Technology , according to an announcement on Tuesday. Agents can pick their budget, set their geographic target area and choose which platforms to promote the advertisements on, including Facebook, Instagram, Google and Bing.
The Consumer Financial Protection Bureau issued a consent order against mortgage broker and lender Accelerate Mortgage on Wednesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. August 26, the CFPB settled with PHLoans , Inc.,
Boost Boost by Lone Wolf is the simple way to market your real estate business online. Whether you’re looking to build brand awareness, draw in more engagement for listings, or take your client experience to the next level through digital advertising, Boost is here to help agents and brokers alike.
Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. Market conditions recently got worse, but Redfin got better in the first quarter of 2024,” Glenn Kelman, CEO of Redfin, said in a statement. The brokerage posted revenue of $225.5 But it also reported a net loss of $66.8
Going to market Coming off its recent brand consolidation under the FOA banner, the company also launched a new corporate website, new ads featuring Selleck, and refreshed social media outreach and multimedia advertising efforts, according to Sieffert. “In
In an attempt to reach residential listing portal supremacy, CoStar Group (the parent company of Apartments.com and Homes.com ) will air four advertisements during this Sunday’s broadcast of Super Bowl LVIII between the San Francisco 49ers and the Kansas City Chiefs. The firm is no stranger to large marketing spends. 5 or 6 to No.
Two of the top five lenders in the reverse mortgage industry are now engaged in a legal skirmish over marketing practices that one lender calls deceptive. Longbridge also states that certain informational blog posts on the Review Counsel website are written by Mutual of Omaha’s director of marketing communications.
It can vary widely depending on the size of the team, its overall goals and the type of market it serves. The Multi-Level Marketing (MLM) Team Team members focus on recruiting agents to build the team while receiving residual income for agents in their downline.
If an agent wants to find software to help them market their business, they’ve got over 100 candidates — which means evaluating options, comparing features and identifying exactly what they’re going to need from that software in the long run.
Personalized marketing is on the rise in just about every sector. Firms are seeking ways to foster deeper, more meaningful connections with clients, which is where personalized marketing comes in. Firms are seeking ways to foster deeper, more meaningful connections with clients, which is where personalized marketing comes in.
New Jersey-based mortgage lender The Money Store named industry veteran Coleen Bogle as chief marketing officer, the company announced on Monday. The hiring follows changes in marketing leadership at other mortgage companies, including Guild Mortgage and Rocket Companies.
San Diego-based Smartfi Home Loans , which is primarily active as a wholesale lender in the reverse mortgage space and is actively building a retail division that offers reverse mortgage products, has hired industry veteran Martin Lenoir as its new chief marketing officer.
By fueling competition and consumer choice, the rule is expected to help lower prices on loans and improve customer service across payments, credit, and banking markets. “Too The rule will help bring greater competition to payments markets, which have long been an area of anti-competitive practices.
While brokers across the country agree that they and their agents will no longer be advertising an offer of buyer broker compensation for any listing on the MLS, that is where the similarities end, as it seems each broker is taking a slightly different tact. Another national firm taking a similar route to Side is The Real Brokerage.
Its the perfect inspiration for agents looking to level-up their branding and marketing. A post shared by Tatiana Londono (@tatlondono) Actionable Insights Share motivational content to inspire your audience and build your reputation as a mentor Be bold and authentic in your messaging to stand out in a crowded market 8.
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