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.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

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.


Cash offer startup raises 90M in debt and equity

Plan to expand outside of Colorado in the works

Mortgage startup announced Thursday it raised $90 million in debt and equity. Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital, said it plans to use the funding to scale its platform, double its team size and enter new markets.

Similar to iBuying firm Opendoor, startup Ribbon and a host of other new companies, provides cash to buyers so they can submit a competitive offer, or buy a new property prior to selling their existing home.

“The pandemic has fundamentally changed the meaning and importance of ‘home’” said Adam Pollack, CEO & co-founder of the Denver-based startup, which currently only operates in Colorado.

If a homebuyer can’t close on their mortgage in time to buy the home they want, instead of losing out on the house, will buy the property with its own funds and reserve the home on their behalf. As of right now, only operates these services in Colorado, but the company is declaring itself the first “ilender.”

The process requires a pre-approval that once passed allow buyers to submit an all-cash offer with’s proof-of-funds. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close. The home is then sold back to the buyer at the same price that it was purchased for. The all-cash contract signed between and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent.

What does it mean to offer modernized servicing?

We’re a year into the pandemic, and while smart policy has delayed a default wave, the threat still looms large. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators.

Presented by: Sagent Lending Technologies

Opendoor, the top iBuyer, will buy a new home on behalf of customers, charging a 0.02% daily fee after the first 120 days it holds the property. claims its services come with no additional costs or markups beyond the fees of a traditional mortgage offer.

In a fiercely competitive market with limited inventory, a cash offer is hugely appealing to sellers, who can typically close faster than they would with a mortgage-contingent offer. According to a report by Redfin, buyers who offer all cash improve their chances of winning a bidding war by 290%, making it one of the most effective strategies to win a home in a competitive situation. was founded in 2016 by Pollack, Nick Friedman and Ian Perrex. It was originally launched under the name BoardRE before its rebranding in 2020. The trio closed a $7 million seed round in 2019.

“The current system dramatically favors wealthy individuals and investors who can offer sellers the speed and certainty of a cash offer,” said Pollack. “ has built a cash offer product for anyone who qualifies for a mortgage, ensuring no one is locked out of the best homes, school districts, or neighborhoods just because they don’t have hundreds of thousands in their bank account to make a cash offer.” 

Leave a comment

Most Popular Articles

Ex-loanDepot COO: Tony Hsieh cut corners to boost volume

The suit, filed by former COO Tammy Richards, accuses loanDepot CEO Anthony Hsieh of ordering the sales team to “trust [their] borrowers” and close loans, disregarding proper underwriting etiquette. 

Sep 23, 2021 By and

Latest Articles

UWM announces Bolt underwriting system for brokers

In a keynote session about the future of mortgage, UWM CEO Mat Ishbia previewed Bolt, an underwriting system that he said would enable brokers to underwrite a loan in 15 minutes or less, which will go live on Monday, Sept. 27.

Sep 25, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please