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RE/MAX turns to Vic Lombardo to scale Motto Mortgage, wemlo

RE/MAX Holdings has appointed Vic Lombardo as its president of mortgage services. Lombardo will succeed Ward Morrison to oversee mortgage brokerage franchise brand Motto Mortgage and third-party processing solution wemlo, the company announced on Monday. Lombardo brings more than two decades of experience to the role. He most recently served as chief operating officer of Guaranteed Rate Affinity, the...

Inside Real Estate puts forth AI-powered home search platform

Inside Real Estate has released HomeSearch AI — a new search and client engagement platform designed to let users input natural language to find listings and help real estate professionals reengage dormant leads. The platform incorporates technology from ListAssist — a company Inside Real Estate acquired earlier this year — along with features from BoomTown and BoldTrail, two firms previously...

As reverse mortgage demand grows, lenders may need more personnel

Consumer demand for reverse mortgage products is expected to rise as the population ages more quickly. According to estimates from Business Research Insights, the global market is currently valued at $2 billion and could reach $3.2 billion by 2033. More business is likely to push reverse mortgage companies to grow their employee headcounts. But like any other industry, identifying high-quality workers...

Greystone’s $103M affordable housing fund to support rental units in six states

New York-based Greystone Real Estate Capital has closed its first affordable housing fund, raising $103 million to finance nearly 1,000 rental units across six states. The fund — called Greystone Affordable Housing Fund I LP — will support a total of 11 developments in Louisiana, Massachusetts, Mississippi, New Jersey, Ohio and Pennsylvania. In total, the projects are expected to create or...

Caliber Home Loans fined $2.3M for overcharging California borrowers

The California Department of Financial Protection and Innovation (DFPI) confirmed on Monday that it has reached a $2.3 million settlement with former mortgage lender and servicer Caliber Home Loans Inc. California regulators found that in 2016, Caliber overcharged borrowers per diem interest and later identified 4,912 affected loans between 2012 and 2019, totaling $550,316. These were deemed to be...

Six of the Best Property Management Software for HOAs

Managing an HOA requires a lot of effort and time. Board members and property managers have to deal with the collection of dues, maintenance issues, handling violations of rules, and communication with residents. Technology has changed the way HOAs operate, and specialized property management software has become a necessity to run the community efficiently. The best HOA software allows boards and managers...

One in Five Americans Willing to Trade Personal Safety for Home Affordability

Nearly one in five U.S. homebuyers would sacrifice personal safety to purchase a home they can afford, underscoring the severity of the nation's affordability crisis, according to a new Redfin survey. The report found that while 22% of respondents said they're willing to compromise on safety, the majority still rank it as a top priority. Seventy-eight percent of buyers listed personal safety as a...

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