The acquisition will allow Final Offer, a platform for managing and negotiating offers, to provide a “transparent and straightforward experience when buying and selling a home,” executives said.
Category: Industry News
REColorado owners oust board amid plans to sell MLS
Owners of the 16th largest MLS in the country plan to sell to a newly formed private company called MAZL that is run by a person identified only as J. Burks.
Proposed sale of REcolorado to private equity firm raises alarms
The multiple listing service is one of the largest in the US. One board member who was part of a team trying to buy the MLS described being blindsided by the private equity deal.
Fathom’s Verus Title subsidiary acquires LW Traveling Title
Fathom Holdings beefs up title coverage in three states with “strategic addition” to geographic footprint, acquiring nine-person title agency with offices in Utah, Colorado and Virginia.
Glenn Sanford, eXp named again as defendants in sex assault suit
After a judge previously dismissed Sanford and eXp from the case, the woman behind the suit is seeking to more clearly connect them to the misdeeds of now-former agents.
Newrez laying off nearly 500 workers after Rithm acquisitions
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4 billion in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending.
MoxiWorks replaces CEO with AI startup executive
Eric Elfman previously founded Onit, which focuses on artificial intelligence and workflow automation. Former MoxiWorks CEO York Baur is remaining on the company’s board.
Xome’s DIY platform lets investors sell homes without an agent
Homeowners can’t sell a primary residence through Xome’s seller portal without a listing agent, but can hire an agent on their own or ask Xome to match them with one.
Back in growth mode, Better is hiring again but still in the red in Q1
The lender boosted mortgage volume 25 percent from Q4 but suffered a $51 million loss, according to Q1 earnings data on Tuesday. CEO Vishal Garg said Better’s future “lies in Uberizing the loan officer.”
Fathom Realty has more agents, fewer Q1 sales than a year ago
CEO Marco Fregenal says the flat-fee brokerage is making progress toward achieving 2024 goals despite seasonality and broader industry challenges driving a $5.9 million Q1 net loss.