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)
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.
REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING
LoanCare | February 21, 2023
One of the leading national providers of mortgage loan subservicing, LoanCare, recently announced its launch of LoanCare AnalyticsTM, an all-in-one portfolio management solution. The proprietary platform supports mortgage servicing rights (MSR) investors and focuses on customer engagement, credit risk and liquidity.
Fannie Mae's Economic & Strategic Research Group's January 2023 Economic & Housing Outlook Commentary shows an upward trend in continuing unemployment claims. Despite the low level, historical data indicates that a broader economic downturn may be imminent if this metric significantly shifts away from the cyclical bottom. Empowering MSR owners with real-time analytics, LoanCare recognizes the upward trend and is likely to make timely, informed decisions and act as per the requirements.
LoanCare AnalyticsTM boosts portfolio management and optimization analysis with filtering and extensive views; it enables MSR owners to connect the dots through their portfolios and act at the loan level. Regardless of the company's size or team's level of expertise, LoanCare AnalyticsTM can help everyone make smarter decisions across the servicing spectrum by leveraging data analytics. With the platform, the users get to know the answers to the questions, including their opinion of buying or selling loans, what portfolio segments the operational areas should concentrate on, and answers about the optimal portfolio attributes like geography, loan type or vintage etc.
LoanCare is a leading national provider of full-service, component, and interim subservicing for mortgage loans. The company is renowned for providing a superior customer experience through customization and ease of use. In addition, LoanCare AnalyticsTM proprietary portfolio management platform quickly identifies risks and opportunities to enable smarter servicing-wide decisions. Since its establishment in 1983, it has been offering loans to banks, credit unions, portfolio investors, and independent mortgage companies for forty years. It is part of Fidelity National Financial, a Fortune 500 company and a leading title insurance and transaction service provider to the real estate and mortgage industries.
BROKERAGE,REAL ESTATE TECHNOLOGY
Side | January 05, 2023
INFINITAS Realty recently announced a collaboration with Side, the only provider of real estate technology that works with top-performing brokers, teams, and agents to help them become market-leading boutique brands. Through this agreement, INFINITAS Realty will be able to offer its future-proof services on the market's most cutting-edge platform.
INFINITAS Realty is challenging the entire real estate sector to advance in order to reach its high standards. The team provides seamless client experiences that are complemented by its transaction coordination software, called Property Wand, and private services in staging, design, and landscaping. The company achieves this by striking a balance between a traditional work ethic and advanced technological innovations.
With the help of Side, INFINITAS Realty will be able to keep up with the ever-changing real estate industry and continue to provide excellent service to its customers. The San Francisco-based company Side provides INFINITAS Realty with a comprehensive brokerage platform that includes proprietary technology, transaction management, branding and marketing services, public relations, legal support, lead generation, vendor management, infrastructure solutions, and more. In addition, INFINITAS Realty will become part of a select group of Side partners, expanding their access to global business infrastructure.
INFINITAS Realty said that it is excited to raise the bar in the real estate industry and make changes that are much needed. It went on to say that with Side's cutting-edge marketing, technological, administrative, and legal services, the company can take its disruptive approach to new heights and assist more clients in actualizing their dreams.
Side is the first real estate brokerage platform on the market. It lets the best agents, teams, and independent brokers build and grow their businesses without managing a brokerage, which can be challenging, expensive, and risky. In contrast to consumer-facing brokerage companies, Side provides its partners with time-saving technology and superior support services so that they can focus on what is more critical, i.e., servicing their clients and communities.