In an industry where a fair percentage of workers are paid all or partially on a commission basis, lower volumes as well as consolidation weigh on take-home pay. That dynamic showed up in survey responses from employees at companies included in National Mortgage News’ annual Best Mortgage Companies to Work For ranking. Processing Content Compared […]
83% of mortgage employees say compensation is fair Read More »
West Capital Lending (WCL) has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act (TILA). The lawsuit, filed Friday in the U.S. District Court for the Central District of California, marks the latest escalation in a bitter legal feud between the two companies.
West Capital Lending sues loanDepot, alleges unlawful pay scheme Read More »
As America’s population continues to grow older, family members are increasingly stepping into demanding roles as caregivers — which often comes at considerable personal cost. A Pew Research Center survey of 8,750 U.S. adults found that one in 10 reports serving as a caregiver for a parent 65 or older. Another 3 % care for a
Seniors want to age in place, but family caregivers face strains on multiple fronts Read More »
The National Association of Realtors (NAR) reaffirmed that multiple listing services (MLSs) retain discretion to set their own rules and policies regarding listing statuses — following news of Compass marketing its Coming Soon and private listings on Redfin. Compass and Redfin parent company Rocket announced the partnership Feb. 26. In an email sent to Compass
NAR reaffirms MLS autonomy amid Compass-Redfin partnership Read More »
As we enter another week of the Iran conflict, the question now is what will this do to the economy, but for this article, we want to focus specifically on what this conflict means for the U.S. housing market. There are currently two sides to this discussion. One camp believes the economy is still expanding
How will rising oil prices impact the U.S. housing market? Read More »
Rezervology and Titl have announced the launch of RezeLink, an artificial intelligence (AI) solution designed to streamline and accelerate title search workflows. The platform will debut first for users of SoftPro — with additional title production system (TPS) integrations planned for future releases. RezeLink introduces automation capabilities designed to simplify multiple steps in the title
RezeLink AI platform aims to accelerate title search workflows Read More »
Jason Cassity is moving onto the executive team at The Real Brokerage from a top-producing agent and team leader role in San Diego, as the cloud brokerage creates a new chief growth officer position to drive agent growth and engagement. The Real Brokerage Inc. (NASDAQ: REAX) announced the appointment Monday, saying the newly created role
Real Brokerage adds top San Diego agent Jason Cassity as chief growth officer Read More »
During a recent conversation about industry consolidation at Leading Real Estate Companies of the World (LeadingRE)’s annual event, Dan Elsea paused to reflect on the growth of his company. There was no sweeping strategy session and no consultants mapping out the future of the brokerage. Instead, the CEO and owner of Real Estate One Family
As brokerage giants merge, Real Estate One bets on the power of local platforms Read More »
Florida-based Corcoran Reverie has announced an exclusive partnership with property valuation and analytics platform Housify. The platform draws on more than 15 years of transactional data, market trends and proprietary engineering to produce highly localized property valuations. Housify’s system analyzes multiple data sources — including local MLS information, county GIS records and property appraiser data
Corcoran Reverie, Housify form luxury valuation partnership Read More »
Multichannel mortgage lender Newrez has launched Newrez TitlePass for use in its wholesale channel, giving mortgage brokers a way to waive the lender title insurance requirement on certain refinance loans. This could potentially save borrowers hundreds or thousands of dollars in closing costs, the company said Monday. The program is offered exclusively through Newrez’s affiliated
Newrez is waiving lender title insurance on some refis Read More »