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The investment — which is going to SERHANT. Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE. Through our best-in-class technology and creative approach and solutions, we are expanding at an unprecedented rate,” Serhant said in a statement.
Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. Broadly, for every $1 invested in making a home more resilient, it’s equivalent to about $6 if that that disaster did occur and you need to rebuild the home.
The Home Depot Foundation — the philanthropic arm of the home improvement retail conglomerate — announced that it is investing $10 million for the purpose of enabling older military veterans to age in place in their homes. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity.
Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian. Stone Point, a large asset manager, has a track record of putting companies it invests heavily in on a path toward an initial public offering.
The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon to $230 million since its launch in 2019. Valon intends to use the fresh capital to boost product development and expand its reach to new markets.
Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Multifamily developments have been picking up with a very strong start.
Technology platform Figure , which powers a liquid, blockchain-based marketplace for financial products, and global investment firm Sixth Street today announced the formation of a new joint venture vehicle in which Sixth Streets asset-based finance platform has committed to invest $200M of equity.
By keeping your P&L lean and efficient, you can reinvest savings into growth-focused activities like marketing, agent development or technology upgrades—all of which drive long-term success. Make 2025 your best year yet by investing in the strategies that drive lasting growth. Ready to accelerate?
According to a TD Bank survey , industry professionals expect declining property values to spur renewed investment in the sector this year. The survey, which gathered insights from more than 200 CRE professionals, found that 76% believe dropping commercial property values will drive increased investment in 2025.
The platform is intended for housing professionals in various sectors, including 5 million loan officers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Through Araya, CoreLogic will give customers access to the data and analytics of nearly all U.S. properties on one platform.
During the conversation, Velt and Elfman discuss the delicate art of balancing technology and artificial intelligence (AI) usage with developing client relationships. Tracey Velt: What overarching technology trends have you seen among real estate agents and brokers? How is MoxiWorks easing people into adopting a technology?
Action plan: Invest in referral platforms that deliver pre-qualified, high-intent referrals. Step 4: Develop a recruitment and retention strategy Attracting and retaining top talent is critical to scaling your team. Offer training, mentorship, and career development plans to support long-term success.
Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology. Providing guidance and support during this process will be crucial for servicers in 2025.
According to eXp, the group specializes in residential real estate, fix-and-flips and investment properties. This allows me to focus on what I do best: finding, developing, and nurturing top talent.” eXp has been busy on the recruiting trail this year. In October, Prime Real Estate Team, which serves the Sacramento area, joined eXp.
Customer engagement platform Total Expert is launching a marketplace this week for financial institutions to build their marketing technology stack. ” “For us, it’s impossible to build every piece of technology that our customers need.
I am driven to develop organizational cultures focused on customer service, competences, and skills. She will also guide MBA’s long-term investment strategies, some of which include technology ; diversity, equity and inclusion (DEI) initiatives; and workforce development. “I
He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Prior to Accela, Coggiola spent 12 years leading product and technology initiatives at ICE Mortgage Technology , which was then Ellie Mae Inc.
Beyond that, technology continues to evolve, yet those solutions do little to streamline processes and deliver actual returns. Professionals should also leverage technology to give clients the best experience for the biggest decision of their lives. But to execute at scale will require support from cutting-edge technology applications.
Tim Bowler, President of ICE Mortgage Technology, has a clear, specific vision for the future of ICE Mortgage Technology and the mortgage industry. We are committed to making the dream of homeownership a reality for more Americans and helping achieve this through user-friendly technology. Tim Bowler: Absolutely.
Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Read on to learn more about Dark Matter Technologies’ plan for mortgage. Gagliano : We believe strongly in technology.
Pretium is a real estate investment firm that focuses on single-family rental (SFR), build-to-rent (BTR) and fix-and-flip properties. Mullen explains that in the 1980s, investment firms focused on securitizing small assets to make them available for institutional investors. Mullen shares that the company raised $1.5
HousingWire Editor in Chief Sarah Wheeler sat down with Jimmy Kelly, president and CEO of Lone Wolf Technologies , to discuss the company’s development process and his vision for a connected real estate platform. That is a lot of technology and a lot of wasted effort. This interview has been edited for length and clarity.
He also served on NARs Investment Advisory Board and Real Property Operations Committee, and he was the secretary-treasurer of the REALTORS Relief Foundation. Cenedella grew the associations annual revenues from $40 million to more than $125 million through the development of owned assets, media and events.
As she reflects on her role in steering Anywhere through a challenging housing market , Simonelli shares insights into financial strategy, technological innovation, and her optimism for the future of real estate. We are using it to help streamline various day-to-day tasks and work more efficiently.
Name Job Title Company Name Alejandro Franco Vice President of Finance and Controller Cairn Real Estate Holdings Allyson Jackson Executive Vice President Finance and Treasury Planet Home Lending Amit Arora Chief Investment Officer Opendoor Andrey Gunin Chief Financial Officer A&D Mortgage Bill Warden Chief Financial Officer Dark Matter Brandon (..)
Editor in Chief Sarah Wheeler sat down with Scott Smith, interim CEO at Optimal Blue , to talk about the right tech investments to make now and how the company plans on keeping its customers for life. We have a pretty strong investment being part of Constellation Software now. Sarah Wheeler: What differentiates your tech? 1 provider.
As we continue to invest deeply into providing our KW-affiliated brokerages support for the development of their team leaders and operating principals, we are excited to welcome Shanan, who will spearhead those efforts,” KW President and CEO Mark Willis said in a statement. “I
Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. In October, Unlock Technologies , another home-equity investment firm, and Saluda Grade , a private real estate investment firm, completed the first-ever securitization rated by DBRS Morningstar.
I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today.
” — Amit Arora, Chief Investments Officer at Opendoor. “We have increased investment in generative AI and security. We’ve focused on a layered approach to security in our internal culture and in our products, encouraging improvements to personnel training, more secure processes, and stronger technology tools.
In particular, lenders should take a look at their loan origination system (LOS), as the LOS they use plays a critical role in the ability to maximize efficiency, see return on investments and ultimately, win business over competitors.
Technology Barriers: Nearly half (44%) and two-thirds (64%) believe they require smart security features and a medical alert system, respectively, to keep them secure and independent, but broadband access and affordability are still issues. Inclusive Zoning: The bipartisan Yes In My Backyard Act (S.1688 1688 / H.R.
This approach allows agents to invest in their business and clients without the burden of unnecessary fees,” he added. . “Unlike some brands that charge excessive fees to sustain their operations leaving agents feeling nickel-and-dimed Platinum agents only pay for the services they choose.
Were excited to invest in Tomo and to support their mission to modernize the home buying experience, Erwin Raeth, corporate development leader at Progressive Insurance, said in a statement. Powered by OpenAI technology, the portal tailors listings by a users property specifications.
Brokers that are equipped with Acra Lendings non-qm products, technology, and team can serve borrowers where traditional lenders simply cannot. How Acra Lending sets itself apart in the non-QM market When describing how Acra Lending sets itself in the non-QM lending space, three words come to mind: people, processes, and technology.
In the newest episode of the PowerHouse podcast, HousingWire CEO Clayton Collins sits down with Greg Schwartz, CEO of Tomo , to discuss market recovery indicators and Tomo’s recent investments in artificial intelligence (AI). His goal is to use technology to hire fewer employees, which takes the workload off Tomo’s current workforce.
Financial services company LERETA appointed Mitch Bledsoe to the position of chief technology officer, the company announced on Tuesday. Bledsoe joined LERETA in 2022 to serve as the senior vice president of enterprise technology.
Be it new experimental technology, legislation or regulation to respond to, disruptive proptech models, shifting market dynamics and so on,” said Price. “There have been several moments that have shaped my personal and professional development and led to me being captivated by this industry.”
Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.
The real estate sector is constantly evolving, and one technology has emerged as a true game changer: virtual reality (VR). This transformative technology has opened up a new world of possibilities, empowering agents and captivating potential buyers like never before.
Mortgage capital markets technology firm Polly has raised $25 million to invest in research and development, product innovation and expansion, the company said on Tuesday. 8VC led the latest equity investment with participation from existing investors Menlo Ventures , Meritech , Khosla Ventures and Fifth Wall.
As the housing market continues to undergo a seismic shift, technology leaders like this year’s Tech Trendsetters stand as beacons, guiding the industry toward a future where innovation is not an option but an imperative for success.
ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. In doing so, ICE is pushing companies to Encompass Partner Network and Encompass Development Partner Connect , which use a more secure, cloud-based open application programming interface (API) structure that launched in 2021.
Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.
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