REAL ESTATE INVESTMENT, MORTGAGE AND LENDING
Roc360 | March 16, 2023
Roc Capital Holdings LLC (Roc360), a financial services platform for residential real estate investors, recently announced its completion of the previously announced acquisition of Finance of America Commercial (FACo) assets. Under the transaction terms, Roc360 acquired the operational assets of FACo, a Finance of America Companies Inc. division specializing in residential real estate investment loans.
Roc360 will give the brand a unique logo and execute it under a new subsidiary using its current name, Finance of America Commercial. It will join Roc360's growing collection of leading real estate’s brands, such as Haus Lending, Roc Capital, Elmsure Insurance, Wimba Title, and Tamarisk Appraisals. The FACo acquisition enhances Roc360's existing origination footprint in its retail and wholesale channels, and the acquired data will contribute to Roc360's data science initiatives. In 2022, the two companies collectively financed over $4.6 billion in loans for business purposes.
FACo traces its origins back over a decade to its forerunners, B2R Finance, Dwell Finance, and Jordan Capital Finance, innovators in the national private lending sector that provided fix-and-flip and landlord DSCR loans to real estate investors. It has funded over $6 billion to 9,000+ individual guarantors across 25,000+ closed loans via its broker channels and borrower-direct.
Arvind Raghunathan, Founder and Chief Executive Officer of Roc360, said, "Roc360 is committed to delivering innovative products and services that help rejuvenate and deliver new and like-new energy efficient homes to America's undersupplied housing stock." He also said, "The acquisition further broadens our reach and ability to make a difference. We will continue to pursue growth opportunities, including acquisitions, that expand our ability to provide solutions to real estate investors."
(Source – Cision PR Newswire)
About Roc360
Roc360 is a vertically integrated platform for residential real estate investors and one of the leading creators of business-purpose loans nationally. The company was established in 2014, employs more than 300 people and funded more than $14 billion in loans through its lending subsidiaries. It is based in New York City with offices across three continents. In addition, Roc360 joined the Deloitte Technology Fast 500, a ranking of the 500 North American companies with the fastest-growing media, technology, telecommunications, fintech, life sciences, and energy tech industries in 2022.
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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Colibri Real Estate | February 14, 2023
On February 13, 2023, Colibri Real Estate, one of the leading real estate learning solutions providers nationally, announced the launch of a new interactive learning platform for aspiring real estate professionals. The platform was designed based on the feedback shared by the students for easy and engaging experiences in learning and doing the courses.
The new interactive learning platform includes the highlights such as a comprehensive view of each student’s goal, quick-start functionality to pick up where the students left off the course, recommended content and courses to help students reach their goals, provides a goal tracker to monitor the committed time for the course hours, and overall brings all-in-one organized and a convenient platform which starts from the course and instructor information to links and course specific resources, providing access to all the content of the course purchased by a student with filtering option.
Jennifer Dixson Hoff, President of Colibri Real Estate, said, “We are committed to ensuring strong education outcomes that drive early career success, through highly-innovative, interactive learning experiences.” She further added, “With this learning platform evolution, we are building the future of real estate education and are helping people rise to the challenge and achieve more in their careers.”
(Source: Business Wire)
About Colibri Real Estate
Colibri Real Estate gives new and experienced real estate professionals the tools the students require to start or advance their careers. It is part of the Colibri Group, an education company of top brands that helps licensed professionals learn. Expert-led content and curriculum, custom education solutions, robust classrooms, recruitment and study resources, innovative online learning solutions and modalities for every type of learner are all part of its comprehensive set of tools. In addition, the company, based in St. Louis, Missouri, provides first-in-the-industry, widely available live stream courses wherever and whenever the students like to learn about real estate.
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REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING
MeridianLink | March 03, 2023
On March 02, 2023, MeridianLink®, Inc., one the leading provider of modern software platforms for consumer reporting agencies and financial institutions, announced that it received two HousingWire 2023 Tech100 Mortgage Awards. MeridianLink’s selection as a winner was based on its innovative approach to bring flexibility and improve browser experience, speed and insight to mortgage origination. In addition, a MeridianLink® company, OpenClose™, was identified because its 100% browser-based, omnichannel solutions empower lenders to enhance efficiencies, improve margins, reduce costs, and advance experience quality. These award-winning capabilities provide financial institutions with the robust technology they need to improve the experiences for loan officers and borrowers and close more loans.
The Tech100 program, now in its eleventh year, offers housing professionals a comprehensive list of the most innovative and influential organizations that can be used to identify partners and provide solutions to the daily challenges mortgage lenders face. Every year, the Tech100 program improves progressively more competitively, and the quality of applicants improves as the industry’s demand for technology increases. In its fourth year, the Tech100 program was presented in two groups, including HW Tech100 Real Estate and HW Tech100 Mortgage, to highlight the achievements and innovation of organizations within both sectors.
Chris Maloof, President of Go To Market, MeridianLink®, said, “It is a privilege to be selected once again as a winner of HousingWire’s renowned Tech100 award, and we are thrilled that our industry-leading offerings represent such a large percentage of the true mortgage loan origination systems on this year’s list.” He also said, “As lending progresses toward an increasingly digital future, MeridianLink® and OpenClose™ will continue offering world-class digital experiences built on innovative solutions. We are proud to give our customers choices that connect them with the same technology they need to outshine the competition.”
(Source – Business Wire)
About MeridianLink®
Founded in 1998, MeridianLink® enables digital lending and account opening for financial institutions and provides consumer reporting agencies with data verification solutions. Its cloud-based, scalable platforms support customers to build deeper relationships with consumers via data-driven, personalized experiences throughout the lending life cycle. Its established industry leaders continue to set the industry standard for web-based credit reporting and all sizes of financial institutions. Based in Costa Mesa (California), MeridianLink® has prioritized the democratization of lending for customers, businesses, and communities specializing in loan origination, mortgage systems, loan software and banking software.
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