Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

InvestmentsMortgageReal Estate

Reali continues to expand, launches escrow program

The real estate company is ever growing

Not more than a month after expanding with a home trade-in program, real estate technology company Reali has launched an escrow program in an effort to save homebuyers and sellers time and money. 

The program, called Reali Escrow, provides escrow services at flat-rate prices and allows Reali to reach all parts of the real estate transaction.

"We continue to focus on making the real estate transaction much more transparent, efficient and consumer-friendly," said Amit Haller, Reali CEO.

Usually, escrow services are performed through a third-party. Reali said that it wants to simplify the escrow process by eliminating the third party, and make the process as efficient as possible.

"For too many buyers and sellers, escrow is often the most stressful part of the home purchase as they lose transparency into what can be a mysterious process. Reali Escrow helps close the real estate transaction with the same level of exceptional service Reali buyers and sellers get from the first time they work with us," Haller said.

Earlier this year, Reali acquired Lenda, an online mortgage lender that launched in 2013, and launched Reali Loans. In 2018, Reali offered one of the nation’s smallest transaction fees in one of the nations most expensive real estate markets and announced a new program that would help certain California buyers and sellers buy or sell their home for only $950. 

In July, Reali redesigned its app to better support the end-to-end journey for its homebuyers. 

The company has also raised nearly $40 million in several funding rounds over the last several years, including a $9 million raise earlier this year, a $20 million raise last year, and a nearly $10 million raise in 2017.

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

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