Breaking News


Lennar partners with Blend to power its financing arm

Will digitally streamline purchase process for Lennar customers
Lennar, one of the largest homebuilders in the U.S., is now partnering with mortgage technology provider Blend, to power its financing arm. The new system will allow Lennar mortgages to close up to 10 days faster by cutting out unnecessary manual process.
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Here’s your first look at HW's 2018 Tech100

Just a sneak peek
Hundreds of companies applied for the honor of being named to the HW Tech100, a list of the most innovative tech companies in the housing and mortgage finance space... but only 100 were crowned. We know, you can’t wait and neither can we! So, click here for a sneak preview of some of the companies that made our list.
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JLL Spark acquires real estate asset management company Stessa

JLL acquires first company, Stessa, a SaaS-based real estate technology platform
On Tuesday morning, JLL Spark announced its acquisition of Stessa, a SaaS-based real estate technology platform that allows investors in income properties to track, manage and communicate the performance of their portfolios. This is the first strategic acquisition by JLL Spark since Jones Lang LaSalle created the company in 2017. Its mission, according to the company, is to transform the real estate industry through technology-based innovation.
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MISMO requests participation for creating enhanced digital verification process

New group to address implementation guidance
The Mortgage Industry Standards Maintenance Organization, a subsidiary of the Mortgage Bankers Association, announced it is inviting the mortgage industry participation in creating an enhanced digital verification process. The process will ensure a user's data and document are in agreement and have not been modified.
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Elon Musk’s Boring Company to sell LEGO-like bricks that can be used to build housing

Musk claims two people could build outer walls of a small house in two days
Elon Musk may be more famous for building electric cars (and solar roof panels) at Tesla or launching one of those electric cars into space with SpaceX, but his other company is about to come out with a product that could be used to easily and quickly build new housing. Musk took to Twitter on Monday to announce that The Boring Company will soon sell “lifesize LEGO-like interlocking bricks” that can be used to build sculptures, buildings, or even houses.
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Flat-fee real estate agency Purplebricks secures $177 million investment to fund U.S. growth

Sells 11.5% of company to European media giant Axel Springer
Flat-fee real estate agency Purplebricks expanded into the U.S. last year after building a successful business in the United Kingdom and Australia, and after securing a sizable investment from European media giant Axel Springer, Purplebricks’ U.S. expansion is about to shift into overdrive.
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Software provider Cloudvirga launches app service

Tech company to offer white label service connecting LOs and real estate agents
Digital mortgage point-of-sale software provider Cloudvirga announced this week the launch of a new mobile application and service that enables real estate agents to collaborate and connect with mortgage loan officers.
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Former SoFi CEO Mike Cagney founds new lending startup, pivots to blockchain

Figure will specialize in home equity lending
After abruptly resigning from SoFi amid a swirling controversy about the workplace culture at the online lender, Mike Cagney has resurfaced… and he’s pivoting to blockchain. Cagney helped found a new lending startup called Figure, which will apparently be specializing in home equity lending with blockchain technology serving as a key component of the company’s business plan.
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