Latest news with #mortgagelending
Geek Wire
01-07-2025
- Business
- Geek Wire
Flyhomes sells home search tech to The Real Brokerage, sharpens focus on mortgage business
GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory . ( screenshot) Flyhomes has sold its consumer home search technology and related assets to The Real Brokerage, marking a major shift for the Seattle-based real estate startup as it focuses more narrowly on mortgage lending. Real, a publicly traded company based in Miami, announced Tuesday that it acquired Flyhomes' AI-powered home search portal and made a strategic equity investment to support Flyhomes' transformation into a wholesale mortgage lender. In a press release, Flyhomes CEO and co-founder Tushar Garg said the company made a strategic decision to offload the home search tech and team in order to focus on expanding its signature 'Buy Before You Sell' financial offering via a wholesale mortgage channel. Specific terms of the deal were not disclosed. Real said it funded the acquisition and investment with cash, and does not expect a material impact on its financial results. Flyhomes has raised around $200 million in equity funding since launching in 2016. The company gained attention with a product that gave buyers upfront funding to make more competitive offers, and created the 'Buy Before You Sell' initiative in its early days as a rising star in Seattle's startup scene. But the real estate company later went through multiple rounds of layoffs amid rising interest rates and shifting housing demand. As recently as last year, Flyhomes was still investing in consumer home search tools when it acquired technology from ZeroDown, a San Francisco startup backed by OpenAI CEO Sam Altman that developed AI-fueled software for prospective homebuyers. Flyhomes declined to share an updated headcount. LinkedIn data shows more than 200 employees, including a large India-based workforce. Founded in 2014, Real went public in 2021. The acquisition bolsters its technology stack as it aims to simplify the home-buying process with AI-driven tools for both agents and consumers. The company will also offer Flyhomes' financing solutions through its One Real Mortgage subsidiary, giving Real's network of agents access to more flexible mortgage products.
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Real Matters to Announce Third Quarter Fiscal 2025 Financial Results on July 31, 2025
TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- Real Matters Inc. ('Real Matters'), a leading network management services provider for the mortgage lending and insurance industries, will announce its third quarter fiscal 2025 financial results via news release on Thursday, July 31, 2025, before market open. Conference Call and Webcast A conference call to review the results will take place at 10:00 a.m. (ET) on Thursday, July 31, 2025, hosted by Chief Executive Officer Brian Lang and Chief Financial Officer Rodrigo Pinto. An accompanying slide presentation will be posted to the Investor Relations section of our website shortly before the call. Conference call dial-in: Participants can dial-in to the conference call; however, pre-registration is required. To register, visit: Once registered, you will receive an email including dial-in details and a unique access code required to join the live call. Please ensure you have registered at least 10 minutes prior to the conference call start time. To listen to the live webcast of the call: The webcast will be archived and a transcript of the call will be available in the Investor Relations section of our website following the call. About Real Matters Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters' platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada. We are a leading independent provider of residential real estate appraisals to the mortgage market and a leading independent provider of title and mortgage closing services in the U.S. Headquartered in Markham (ON), Real Matters has principal offices in Buffalo (NY) and Middletown (RI). Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. For more information, visit
Yahoo
15-06-2025
- Business
- Yahoo
Covius Services to Acquire Blend Labs' (BLND) Title365 Holding Co
Blend Labs, Inc. (NYSE:BLND) is one of the 10 Best Small-Cap Growth Stocks to Buy According to Analysts. On June 9, Blend Labs, Inc. (NYSE:BLND) announced signing a definitive agreement with Covius Services to sell its Title365 Holding Co. Title365 is a national title insurance and settlement services company licensed in 43 states. It serves top lenders, servicers, capital market participants, and home equity originators. After the acquisition, Title365 will continue partnering with Blend Labs, Inc. (NYSE:BLND) to provide title and closing services to Blend customers. Moreover, Kirby Hulbert, President of Title365 will join the Covius Settlement Services team. The transaction amount was not disclosed in the press release and is subject to certain required third-party consents and regulatory approvals. It is expected to close in the coming months. A close-up of a person's hand signing a mortgage document. This is an exciting next chapter for Blend, said Nima Ghamsari, CEO and Co-founder of Blend Labs, Inc. (NYSE:BLND). The CEO highlighted that partnering with leaders like Covius enables them to sharpen their focus on becoming a key player in the financial services industry. Blend Labs, Inc. (NYSE:BLND) is a financial digital origination platform that helps banks, credit unions, and mortgage lenders streamline and automate the process of originating loans and opening deposit accounts. While we acknowledge the potential of BLND as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
12-06-2025
- Business
- National Post
Cameron Stephens Expands Western Canada Team with Appointment of Gabe Chung as Vice President, Origination
Article content VANCOUVER, British Columbia — Cameron Stephens Mortgage Capital Ltd.* ('CSMC') is pleased to announce the appointment of Gabe Chung as Vice President, Origination – Western Canada. Based in the firm's Vancouver office, Gabe will be responsible for originating commercial real estate loans across various asset classes and strengthening CSMC's client relationships and brand presence throughout the region. Article content Gabe joins CSMC with more than 20 + years of experience in commercial real estate lending. Most recently, he served as Managing Director at National Bank of Canada, where he led the launch of the bank's Real Estate centre in Vancouver and originated several billion dollars in debt lending. He also played a pivotal role in mentoring and developing real estate talent nationwide. Prior to that, he spent 13 years with Royal Bank of Canada in progressively senior roles within real estate and commercial banking. Article content 'At Cameron Stephens, we're building a team of the best and brightest — individuals who not only bring deep experience, but also the professionalism, integrity, and relationships that define trusted leadership in our industry,' said Riccky Dasgupta, Senior Vice President & Managing Director, Mortgage Unit. 'Gabe is widely respected in the Western Canada market. He understands our business, knows what clients need, and embodies our culture of disciplined growth and professional excellence.' This announcement follows the recent launch of the Western Canada High Yield Mortgage Fund, a $70 million infusion of strategic capital into the region, backed by Western Canadian real estate family offices and Cameron Stephens' flagship Bay Street High Yield Fund. The fund is now active and committing capital into high-quality commercial mortgage opportunities across Alberta and British Columbia. Article content Gabe's appointment further strengthens Cameron Stephens' expansion strategy in Western Canada, where the firm has grown to over $550 million in assets under administration in just four years. Article content Gabe holds an MBA from Simon Fraser University's Beedie School of Business and a Bachelor of General Studies from the same institution. He has been recognized numerous times throughout his career for his outstanding contributions and performance. Gabe is currently licensed as a Submortgage Broker in British Columbia. Article content About Cameron Stephens Article content Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments. Article content Article content Article content Article content
