Tag Archives: Orchard

The biggest mortgage, lending and housing finance stories of 2022

By | | Uncategorized
Comments Off on The biggest mortgage, lending and housing finance stories of 2022

The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading →

Real estate in 2022: When the #@!$ finally hit the fan

By | | Uncategorized
Comments Off on Real estate in 2022: When the #@!$ finally hit the fan

Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading →

Flat-fee brokerage Houwzer acquires rival Trelora

By | | Uncategorized
Comments Off on Flat-fee brokerage Houwzer acquires rival Trelora

The acquisition will expand the company’s footprint to 14 states. The deal also comes amid a challenging time for the real estate technology sector. Continue reading →

Ribbon makes massive cuts, leaving fewer than 30 workers

By | | Uncategorized
Comments Off on Ribbon makes massive cuts, leaving fewer than 30 workers

In an email on Monday, a spokesperson for the power buyer confirmed to Inman that the firm had laid off workers and would now “be a company of less than 30 people.” Continue reading →

Orchard lays off 180 workers amid historic housing ‘disruption’

By | | Uncategorized
Comments Off on Orchard lays off 180 workers amid historic housing ‘disruption’

The cuts are the second time the power buyer has reduced its workforce as the market has rapidly deteriorated this year. Continue reading →

Heading off surprises helps keep deals on track as rates rise

By | | Uncategorized
Comments Off on Heading off surprises helps keep deals on track as rates rise

Power buyers and mortgage lenders are providing certainty to homebuyers and sellers, industry leaders said at Inman Connect on Tuesday. Continue reading →

Mortgage is the new money pit for portals: Mike DelPrete

By | | Uncategorized
Comments Off on Mortgage is the new money pit for portals: Mike DelPrete

Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies. Continue reading →

The 25 fastest-growing real estate companies on the Inc. 5000 list

By | | Uncategorized
Comments Off on The 25 fastest-growing real estate companies on the Inc. 5000 list

Mortgage, proptech, investment and property management companies ranked high among Inc.’s annual list of the fastest growing U.S. companies, including names like Orchard and Ribbon. Continue reading →

Homeward sheds 20% of workforce amid ‘sudden and sizable’ downturn

By | | Uncategorized
Comments Off on Homeward sheds 20% of workforce amid ‘sudden and sizable’ downturn

Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company’s “buy with cash” product, according to a spokesperson. Continue reading →

Ribbon slashes one-third of workforce to adjust to ‘new reality’

By | | Uncategorized
Comments Off on Ribbon slashes one-third of workforce to adjust to ‘new reality’

After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an “achievable path to profitability.” Continue reading →