Fathom Realty added 1,425 agents after raising fees last year

Fathom posted a $24 million annual loss during a Q4 and 2023 earnings call Thursday afternoon, with executives saying the brokerage’s transaction volume dropped less than the industry overall. Continue reading

Title technology provider Doma posts $124M 2023 net loss

CEO Max Simkoff says the company is well positioned to help lenders take advantage of the Biden administration’s push to reduce closing costs for mortgage borrowers. Continue reading

Guild Mortgage shrugs off 2023 loss as it pursues acquisitions

The San Diego-based lender has completed five acquisitions in the past 18 months, unfazed by a 21 percent drop in mortgage originations and $39.1 million 2023 net loss. Continue reading

LoanDepot trims 2023 net loss by 37%, retains ‘strong liquidity profile’

As mortgage rates soared last year, loanDepot saw 2023 loan origination volume plunge by 58 percent from the year before, to $22.7 billion. Continue reading

OJO acquires The LEAD Syndicate, rebrands around Movoto

The acquisition will help OJO launch Lever by Movoto, which the company describes as an all-in-one technology platform for individual agents. Continue reading

Baird & Warner at center of latest commission lawsuit filed in Illinois

Two consumers filed the class-action suit in the Circuit Court of Cook County. Unlike similar cases, the latest seeks to represent buyers and sellers — and only names Baird & Warner as a defendant. Continue reading

Zillow, Realtor.com team up on syndicated rental listings

The ongoing portal war has now sparked a new alliance that’ll see Zillow’s rental listings show up on Realtor.com’s site. Continue reading

Elephant in the room: What execs revealed about commissions in Q4

In the wake of legal settlements in two of the largest commission lawsuits, RE/MAX and Anywhere revealed their paths forward to investors in Q4 earnings calls last month. Intel reads the tea leaves. Continue reading

Argyle sees path to profitability with $30M Series C raise

Integrations helped the income and employment data provider grow its mortgage customer base and attract backing from Rockefeller Asset Management’s Fintech Innovation Fund. Continue reading