HousingWire recently sat down with AmeriHome Chief Operating Officer and Managing Director John Hedlund to discuss key growth opportunities in the non-delegated channel that lenders may be missing out on. HousingWire: What are some key growth opportunities lenders may be missing out on, and how can leveraging the non-delegated channel
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According to The National Association of Realtors, February’s existing home sales missed estimates, coming in at 6.2 million. Because February 2020 sales were strong, the year-over-year growth in sales for February 2021 is impressive at 9.1%. For the housing market, the COVID crisis started in earnest in March of 2020. The
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San Francisco-based real estate brokerage Side announced Monday that they raised $150 million, ushering in a new phase for the four-year-old company. Coatue Management, a New York City-based investment manager, led the venture capital fundraising round. Prior to the $150 million raise, Side reported raising just $63 million from outside
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Glenn Sanford cuts a modest figure. Nope, wait, eXp Realty‘s Glenn Sanford isn’t cutting any real life figure at all. It’s annual report time, and Sanford, the CEO of eXp, is cataloging the company’s eye-popping growth onscreen as a cartoon avatar during a cloud-based earnings call that looks like Second
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The state of Washington is set to revoke the license of Modus, a title and escrow service software company owned by Compass, effective April 1. The complaint, filed in early 2020, comes from two rival firms that claimed Modus committed various co-branding and social media violations. The rivals were also
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Holden Page is joining HW Media as the new Director of FinLedger. Page will be responsible for leading both FinLedger’s editorial strategy as well as its suite of advertising products and premium content. Page will work alongside HW Media COO Diego Sanchez to continue to grow FinLedger, the fintech-focused HW
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DocMagic and Secure Insight announced Friday the launch of a joint training program for remote online notarization (RON). The goal is to establish a trusted database of notaries who have been fully trained and certified on DocMagic’s industry-leading Total eClose platform. DocMagic CEO Dominic Iannitti noted that lenders have a growing need to
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When there’s a bidding war, cash is king. And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy. Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying
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Rising home prices, limited inventory and the uptick in mortgage rates continued to deter some homebuyers last month as sales of existing homes fell 6.6% in February to a seasonally-adjusted annual rate of 6.22 million, according to the National Association of Realtors. The median existing-home price for all housing types
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Although many homeowners and renters continue to feel the economic pressure of the pandemic, they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac. The survey respondents, of which two-thirds are homeowners and one-third are renters, found that
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This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. With that announcement came a modification to the UWM-broker contract, making note
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A fury of iBuyer expansion hit the industry this week, with Redfin and Opendoor announcing new locations and Offerpad announcing Thursday it will go public. RedfinNow, the iBuying platform of Redfin, has expanded into the Baltimore – Washington D.C. area. The company’s iBuyer platform is already available in Arizona, California,
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