Tag Archives: Industry News

NAR interim CEO: Settlement was ‘unequivocally’ the right move

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In an interview with NextHome CEO James Dwiggins, NAR interim CEO Nykia Wright urged members to lean back into engaging the 1.5 million-member trade organization Continue reading →

Setpoint lands $31B in Series B funding led by 645 Ventures

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Since launching in 2021 as the “Stripe of real estate” providing technology and funding to proptechs, Setpoint has expanded into additional asset-backed lending lines including auto, consumer and small business. Continue reading →

Fathom says revenue sharing will help it recruit new agents

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After growing its agent count by 12 percent to 12,224, the flat-fee brokerage says it’s poised for continued growth with new commission plans that pay agents a percentage of revenue generated by the agents they recruit. Continue reading →

Realty One Group scoops up Florida indie MVP Realty

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MVP Realty CEO Derek Carlson said moving to Realty One Group will bring agents a variety of upgrades while leaving his company’s core values intact. Continue reading →

Investors bullish on Blend on Q2 earnings and revenue beat

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Cloud banking software provider maintains steady growth in consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders. Continue reading →

Investors aren’t ready to buy in to Better’s comeback story

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Digital mortgage lender boosted second quarter loan production by 45 percent and says it’s on track to originate more than $1 billion in mortgages in Q3 for the first time in two years, but losses continue to mount. Continue reading →

California Association of Realtors taps Phil Hawkins as new CEO

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Hawkins had been working as the CEO of the Pacific West Association of Realtors in Southern California and will now lead C.A.R. during a challenging time for the industry, Continue reading →

Offerpad launches transaction oversight portal for agent partners

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Dubbed Powered by Offerpad, the platform enables the iBuyers’s PRO and MAX agent partners to manage listings, get real-time transaction updates and directly communicate with Offerpad support staff. Continue reading →

LoanDepot boosts revenue, sells servicing to restructure debt

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Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they’re in a better position to grow after selling $29 billion in mortgage servicing rights. Continue reading →

Perchwell’s $25M Series B revs up idling VC market

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Brokerage and MLS software platform Perchwell has closed on a Series B round of funding led by Lux Capital. Continue reading →