Big Purple Dot launches recruiting tool for mortgage lenders

BPD Recruit taps CoreLogic data to let lenders see who their competitors’ most productive loan officers are, then automates the process of luring them away. Continue reading

Miami Beach formally recognizes Pacaso’s co-ownership model

Miami Beach officials passed an ordinance that approves co-ownership but requires the presence of a local property manager as well as adherence to a code of conduct, it was announced in April. Continue reading

What can landlords look for when screening tenants for a rental?

An ineffective screening process can fail to block a potential threat to an investment property, experts told Inman. Here’s a few more screening tips landlords might want to consider. Continue reading

Soaring spring home prices are very real — and widespread: NAR

For now, a seasonal surge in home activity has arrested falling prices in most U.S. markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors. Continue reading

Outfoxed! Rupert Murdoch paid 20% over ask for Manhattan co-op

The Fox News founder paid nearly 20 percent — or $5.2 million — above the $30 million asking price on the 6,500-square-foot Hampshire House unit he he bought in February, according to disclosures. Continue reading

Fair housing training for agents will be mandatory under NAR proposal 

The National Association of Realtors’ Board of Directors will vote Thursday on requiring its 1.5 million members to complete two hours of fair housing training every three years beginning in 2025. Continue reading

WeWork takes bite out of losses as debt overhaul starts to pay off in Q1

The co-working behemoth posted a net loss of $299 million in the first quarter, a $205 million improvement from a year earlier, according to Q1 earnings data released Tuesday morning. Continue reading

Ocrolus taps OpenAI to sift more mortgage apps — without humans

The document automator’s analysis of borrower-supplied mortgage documentation provides “full-stack capabilities,” helping lenders capture data fields, detect fraud and analyze cash flows. Continue reading

Miami Realtors get free Milestones Labs home management app

Sixty thousand South Florida agents and brokers will be able to provide buyers and sellers with self-branded online homeowner portals, the Miami Association of Realtors announced Tuesday. Continue reading

The Agency grows Midwest presence with office in Indianapolis

In March 2022, the brokerage made its first foray into the Midwest with a location in Birmingham, Michigan. Managing Partner Traci Garontakos is leading The Agency Indianapolis. Continue reading