The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

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Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

Real Estate

Opendoor and Redfin expand homebuying partnership to nine new cities

This is in addition to Phoenix and Atlanta

Opendoor and Redfin have been working together to buy houses directly from homeowners in Phoenix and Atlanta since last July, and now the companies are ready to expand into new cities.

The companies announced this week that they are expanding their homebuying partnership into Charlotte, North Carolina; Jacksonville, Florida; Minneapolis; Nashville, Tennessee; Orlando, Florida; Portland, Oregon; Raleigh, North Caroline; Tampa, Florida; and Tucson, Arizona.

These additions are joining Phoenix and Atlanta, where the expansion was first launched.

According to the companies, homeowners in the nine new cities will be able to request an instant offer from Opendoor as part of their home sale inquiry on Redfin.

From there, a Redfin agent will meet with the seller, advising them on the home selling process, what their home is likely worth on the open market, and will present them with Opendoor’s offer.

At that point, they can either choose to sell directly to Opendoor, or they can list their home with Redfin for a 1.5% listing fee.

The homeowner can also choose not to meet with a Redfin agent and take their Opendoor offer directly through the site. But either way, Redfin will receive a referral fee for each customer who decides to sell to Opendoor.

Redfin is also publishing Opendoor’s listings (the homes the company has bought and is reselling) on its website.

“We remain committed to working with Redfin to create a seamless, hassle-free selling experience for homeowners, and, with our growing partnership, we’re helping people unlock the freedom to move on their terms,” Opendoor said on its website.

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

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