Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

The 100-years-war over real estate commissions

HousingWire plunges down the rabbit hole of residential real estate commissions, uncovering the past, present and future of this wholly unique part of the economy.

How borrower education can make housing more attainable

The current housing market is making it difficult for prospective buyers to afford a home. Housing professionals need to find ways to better meet buyer needs.

Mortgage

2017 Rising Stars: Ali Vafai

President of The Money Source

Vafai name

Ali Vafai has led the rapid growth of The Money Source into a top 20 government lender, top 15 correspondent lender and top 40 wholesale leader. He has spearheaded the nation and industry-wide expansion of the company, growing it to encompass seven offices and a total of over 110,000 square feet of office space. He also led the way for The Money Source to hire more than 500 employees in 2016 alone. 

Vafai not only launched The Money Source’s retail lending division, he has also led the charge for innovation at the company, developing new technological assets, including SIME subservicing technology. 

Under Vafai, The Money Source had a record-breaking year in 2016, funding $1 billion in originations in a single month, and $10 billion total. Prior to his position at The Money Source, Vafai was the president of Pacific Union Financial, where he grew volume by 450% in 18 months while increasing profit margins. 

Vafai picWHAT IS ONE HABIT THAT HAS HELPED YOU SUCCEED?

The greatest habit I have created, that is now a huge part of the success of our business, is partnering with the right people whose strengths complement my strengths.

 

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3d rendering of a row of luxury townhouses along a street

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