The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

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As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

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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