Closing Complex Loans Faster With a Digitized Client Workflow

Join us for a discussion on changes in market demographics, suppliers and how focusing on customer experience and a few simple steps during the mortgage loan process can close deals 3x faster.

Brokers, Here’s Everything You Need to Know About Rocket Pro TPO

Want to stay up to date with the latest on what Rocket Pro TPO is offering its broker partners? Check out our TPO hub for updates and more.

Home appraisal’s ugly history and uncertain future

This is Part I of a deep dive into the home appraisal industry. Today we explore the origins of the appraisal industry and its current lack of diversity.

Loan quality lessons learned from 2020

HousingWire recently spoke with Trevor Gauthier, CEO of ACES Quality Management, about the effects of 2020 on loan quality and what lenders should expect regarding loan quality and risk management this year.

Real Estate

Meet Berkshire Hathaway HomeService’s new CEO

Christy Budnick, Berkshire Hathaway HomeServices CEO

You may have never heard of Christy Budnick, but she is suddenly one of the most powerful people in residential real estate. Last week, Berkshire Hathaway HomeServices, a hulking network of franchisee brokerages, named Budnick its CEO. Budnick replaces Chris Stuart, who took a job as president of Place, a real estate technology platform for both brokers and agents.

Irvine, California-headquartered BHHS has 370 franchisees, which conservatively racked up 270,000 home deals in 2020, per tabulations of numbers reported to RealTrends.

BHHS is a separate entity from the HomeServices of America brokerage, though that brokerage’s CEO, Gino Blefari, also serves as chairman of the board for BHHS. Both franchise and brokerage are a small fraction of the Warren Buffett-owned Berkshire Hathaway Inc., a company with a market value of nearly $700 billion.

The daughter of a real estate agent, Budnick first went into finance, working with Bank of America. But she has led BHHS’s Florida Network Realty for the last 19 years.

How can Budnick possibly move from overseeing one franchise to 370? And how will she make her mark? HousingWire recently sat down with Budnick, shortly after her ascension to CEO, and here’s an edited version of that discussion:

HousingWire: Chris Stuart was CEO for 2 ½ years. What did Chris do that you might do differently?

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