The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

FintechInvestmentsMortgageReal Estate

Fresh off expanding into mortgages, Reali raises millions to continue growing

Real estate startup recently acquired online mortgage lender Lenda

Just a few weeks ago, Reali, a flat-fee real estate startup that operates in California, expanded into mortgage lending when it bought Lenda, an online mortgage lender that launched in 2013 and currently operates in 12 states.

The company made that purchase using some of the $20 million it raised last year in its Series B round, which came a year after the company raised approximately $10 million. The company said it planned to use that money to expand.

And it appears the company has no plans of slowing down, as this week, Reali announced that it raised $9 million more in a Series B2 funding round.

According to the company, the B2 financing round was led by Group 11, along with existing investors Zeev Ventures and Signia Ventures.

The company said that it plans to use this new funding to continue growing both its real estate and mortgage businesses, along with expanding into new real estate areas as well.

“Since its inception, Reali has focused on creating a seamless, innovative and superior customer experience during one of the most stressful moments in life – buying and selling a home, at a fraction of the cost,” said Amit Haller, co-founder and CEO of Reali. "We’re thrilled with this ongoing investor support which allows us to continue our momentum while introducing additional services such as escrow and title, home warranties and insurance, to name a few.”

The company has seen tremendous growth in the last year alone, with the company more than tripling its transaction volume and growing its headcount by nearly 40%.

The company also plans to continue increasing its headcount. According to the company, Reali is “actively recruiting key hires” in product, engineering, real estate, and marketing in both the U.S. and Israel.

That continued growth is what drew in Group 11 as investors, according to Dovi Frances, managing partner at Group 11.

“At Group 11, we are always on the lookout for financial technology companies that solve a real problem and bring innovation to massive sectors ripe for solutions, Frances said. “Reali’s solution and their incredible growth to date further demonstrate their team’s determination to streamline the unnecessarily complicated real estate process while saving consumers thousands of dollars in fees and commissions. Thus, we are truly excited to lead this financing round and look forward to joining Reali's team efforts to grow the company into the market leader it is ought to become.”

Most Popular Articles

Lenders mandated to use FHA Catalyst for appraisals

Starting March 14, 2022, the Federal Housing Administration will require all lenders to use FHA Catalyst for appraisals.

Sep 21, 2021 By

Latest Articles

Existing home sales pop the 2021 housing bubble boys

So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000. Even with the unhealthy home price gains that we have seen in the last two years, more Americans have bought homes with mortgages in 2020 and 2021 than any single year from 2008-2019, and this looks perfectly normal with our current demographics. HW+ Premium Content

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please