The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

In a purchase market, rookie LOs may struggle

Rookie LOs in 2020 could ride the refi wave and rack up a hefty monthly paycheck without Herculean effort. But these days, they'll have to sing for their supper.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

With a rise in natural disasters, including wildfires, hurricanes, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

InvestmentsMortgageReal Estate

Hunt Real Estate Capital buys RealtyMogul’s proprietary loan underwriting program

Hunt plans to use software in its commercial real estate lending business

Hunt Real Estate Capital, which offers financing for all types of commercial real estate, will soon have a new underwriting system to help it originate those loans, as the company is buying a proprietary loan underwriting system from RealtyMogul.

RealtyMogul offers a real estate crowdfunding platform, through which more than $2 billion has been invested in real estate in the last six years. But beyond that, the company also has a research and development lab, which is where the loan underwriting software was created.

And now, the company is selling the software to Hunt, which plans to use it in its commercial real estate lending business that includes financing for multifamily properties, including small balance; affordable housing; office; retail; manufactured housing; healthcare/senior living; industrial; and self-storage facilities.

“We are excited to implement this proprietary loan underwriting software that Realty Mogul has developed and continue to build our commercial real estate lending business,” said Tyler Griffin, Hunt Real Estate Capital’s chief operating officer.

The deal was all-cash transaction, but the companies did not disclose any financial details beyond that.

“We have always prided ourselves on building cutting edge technology at RealtyMogul,” RealtyMogul CEO Jilliene Helman said. “We learn an incredible amount about what markets to invest in and what specific properties to invest in because of our technology. We are thrilled Hunt is going to deploy it to an even larger piece of the commercial real estate market with their lending business.”

Most Popular Articles

These are the hottest housing markets in America

A housing market report from RE/MAX found that 36 of 51 metro areas had double-digit year over year sale price increases in August. Boise led the way.

Sep 17, 2021 By

Latest Articles

Fannie Mae to restart credit risk transfers

Fannie Mae announced that it will restart its credit risk transfer program by the fourth quarter of 2021, following proposed changes to its capital rule

Sep 21, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please