Record number of home owners remortgage in the UK

propertywire | September 27, 2017

There has been a record number of remortgage valuations carried out in the UK, rising to 37% of the market in August, the highest proportion in over 10 years, the latest data shows.

Spotlight

This infographic shows the latest housing numbers for home sales, median home prices, housing starts, and new home sales.

Spotlight

This infographic shows the latest housing numbers for home sales, median home prices, housing starts, and new home sales.

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REAL ESTATE INVESTMENT

Arc Home LLC Selects Tavant to Launch Advanced Wholesale And Correspondent Lending Platforms to Enhance Customer Experience

Arc Home LLC | August 24, 2022

Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions, today announced that Arc Home LLC (Arc Home), a full-service residential lender and servicer, operating in the wholesale, correspondent, and retail origination channels, has chosen Tavant to accelerate their digital transformation strategy. A national lender and leader providing a full array of mortgage solutions, Arc Home places customer experience as its priority, and part of that experience is dependent on efficient processes. Brokers and correspondent lenders demand and deserve an excellent service experience and need partners that offer a complete array of loan products to satisfy the needs of the full spectrum of borrowers they serve. Arc Home plans to expand its lending business using FinXperience, Tavant's intuitive platform of point-of-sale experiences. FinXperience, a VELOX product, implementable across all lending channels, including retail, wholesale, and correspondent, will empower Arc Home's customers with seamless digital lending experiences and the tools they need to be self-sufficient. "Given Tavant’s depth of features, speed to market, and deep mortgage industry experience, Arc Home found Tavant’s VELOX solution to be the superior option. Enhancing the Arc Home Portal further supports our commitment to growing market share in our broker and correspondent channels, Tavant stood out because of FinXperience Broker's track record in assisting mortgage lenders to succeed in the Third-Party Origination space. With Tavant, we aim to continue Arc Home's tradition of providing innovative financial products in the residential lending market with superior customer service.” -Katherine Gardner, Chief Production Officer of Arc Home Unlike others, Arc Home has a unique position of having a wide array of proprietary Non-QM and Non-Agency products. The Arc Access Non-QM line of products allows Arc Home to better and more responsibly serve customers' needs by filling a market void where borrowers cannot obtain traditional agency loans. Tavant is assisting Arc Home LLC with FinXperience, a component of the VELOX suite, which will provide a seamless digital lending process with improved loan fulfillment efficiencies to its growing network of brokers, Our goal has been to help our clients create value for their customers and partners (and Third-Party Originators) and implement growth strategies. In the current market situation, we are helping ARC Home provide non-QM loan products to the market through their Third-Party Originators, which streamlines application intake and submission, digitizes the loan file that optimizes loan fulfillment, and eventually helps ARC Home improve conversion, cut down on cycle times, and improve on their loan margins. VELOX delivers best-in-class lender and borrower experiences, and Tavant will continue to accelerate loan manufacturing and improve loan quality for mortgage lenders like Arc Home,said Hassan Rashid, Chief Revenue Officer at Tavant. In addition to FinXperience Broker, Tavant will also launch FinXperience Correspondent, both Delegated and Non-Delegated, at Arc Home. As a leading Fintech software and solutions provider for more than 20 years, Tavant proactively anticipates customer needs and adjusts accordingly to provide the right configurable solutions. Arc Home LLC joins Tavant's growing customer base, which originates one out of every three loans in the United States. Tavant's VELOX product suite, which now includes Touchless LendingTM, maximizes data-driven decision-making to solve even the most complex lender and borrower challenges. About Tavant Headquartered in Santa Clara, Calif., Tavant is a digital products and solutions company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. Founded in 2000, the company employs over 3000 people and is a recognized top employer. Tavant is creating an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies, and improving collaboration. About Arc Home LLC Arc Home is a full-service lender and servicer whose mission is to provide customers with a comprehensive array of mortgage solutions with an emphasis on specialty products. Placing customer service and satisfaction as the number one priority, Arc Home provides a top-tier staff of knowledgeable and friendly team members who excel at providing efficient, successful loan services with competitive pricing.

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HOME AND DESIGN

Veteran real estate executive jeff wochner named landsea homes' central florida division president

Landsea Homes | July 12, 2022

Landsea Homes Corporation ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that longtime and seasoned real estate executive Jeff Wochner has been named the new Central Florida Division President for the company. In his role, Wochner will oversee all homebuilding operations in Florida. "Jeff is well-equipped to lead Landsea Homes' Florida division into the future. His deep knowledge of the Florida housing market, strong relationships in the region, and passion for excellence will serve the company and our homebuyers well, He offers insightful perspective that will make him an integral part of our expansion and success in one of the strongest housing markets in the country. We look forward to having him on board." Mike Forsum, President and Chief Operating Officer, Landsea Homes A veteran real estate executive with seventeen years of industry experience, Wochner most recently served as the Florida Division President for Beazer Homes, another national homebuilder, before joining Landsea Homes. Prior to that, he served as Regional Director of Financial Planning and Analysis at Beazer Homes. Wochner began his career at Shea Homes as a Senior Financial Analyst for the Arizona division. "It is an honor to join the Landsea Homes team as the new Central Florida Division President," said Wochner. "The company has made their strong and growing presence in the Florida market well known over the last year, and I look forward to helping the team continue on that path of great success." Landsea Homes recently closed on 103 new homesites in Kissimmee, Florida in the Storey Creek master planned community. The company entered the Florida market in 2021 and has steadily grown its market share over the last year. Landsea Homes accelerated its Florida homebuilding operations further by acquiring Hanover Family Builders earlier this year, positioning Landsea Homes as the seventh-largest homebuilder in Central Florida. Landsea Homes was recently named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine. Through consecutive strategic moves, the Newport Beach-based home builder saw a historical year of transformation, which landed Landsea Homes the 47th spot on the coveted Builder 100 list, along with the Builder of the Year honors. About Landsea Homes Corporation Landsea Homes Corporation is a publicly traded residential homebuilder based in Newport Beach, CA., that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas and throughout California in Silicon Valley, Los Angeles, and Orange County. Landsea Homes was named the 2022 winner of the prestigious Builder of the Year award, presented by BUILDER magazine, in recognition of a historical year of transformation. An award-winning homebuilder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provide homebuyers the opportunity to "Live in Your Element." Our homes allow people to live where they want to live, how they want to live – in a home created especially for them. Driven by a pioneering commitment to sustainability, Landsea Homes' High Performance Homes are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®. Homes include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet. Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees and stakeholders by creating an unparalleled lifestyle experience that is unmatched.

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REAL ESTATE INVESTMENT

ASCOTT ACQUIRES OAKWOOD WORLDWIDE TO FAST-TRACK GROWTH TO OVER 150,000 UNITS GLOBALLY

The Ascott Limited | July 05, 2022

CapitaLand Investment Limited's (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) announced it is acquiring Oakwood Worldwide (Oakwood), a premier global serviced apartment provider, from Mapletree Investments Pte Ltd. The acquisition increases Ascott's global portfolio by 81 properties and about 15,000 units. Oakwood's approximately 8,500 operational units are expected to immediately contribute to Ascott's recurring fee income streams upon completion of the transaction slated in 3Q 2022. Ascott's acquisition of Oakwood will leapfrog Ascott's global presence to more than 150,000 units in about 900 properties across over 200 cities in 39 countries. It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the United States of America (USA). Recently named the 'Best Serviced Residence Brand' in DestinAsian Readers' Choice Awards 2022, Oakwood's award-winning portfolio includes flagship properties Oakwood Premier Tokyo and Oakwood Premier Coex Center Seoul which were ranked top 10 properties in their respective countries in the DestinAsian awards. New properties such as Oakwood Premier Melbourne and Oakwood Hotel Oike Kyoto, will also add to the group's destination highlights. "This acquisition of Oakwood is part of Ascott's roadmap to playing a bigger role in the lodging market. There are significant synergies between Ascott and Oakwood, given our complementary footprint and product offerings. We intend to build on the strong reputation and heritage of the Oakwood brand, especially in markets across Southeast Asia, North Asia and North America. Oakwood will continue to grow alongside Ascott's current portfolio of global brands as we continue to build growth momentum for our lodging business. We will be able to leverage Ascott's extensive expertise as a global lodging player to deliver greater value to our expanded network of loyal customers and property owners. Besides strategic alignment, this acquisition is also notable to Ascott commercially. Ascott's acquisition of Oakwood brings about an immediate boost to our units under management and franchise contracts. The Oakwood portfolio will accelerate the growth of our asset-light business, with added recurring fee income streams, expanded lodging offerings and increased customer base. The strategic moves we have made in the last few years, such as our investments in Quest, Synergy and TAUZIA have charted an unprecedented growth path for Ascott." -Mr Kevin Goh, CLI's Chief Executive Officer for Lodging. Ascott's strategic investments in the past years include its acquisition of Quest Apartment Hotels (Quest), one of the largest serviced apartment operators in Australasia, in 2017 to grow its business franchise arm. In the same year, Ascott invested in Synergy Global Housing (Synergy), a leading corporate housing provider in the USA. In 2018, Ascott acquired TAUZIA Hotel Management (TAUZIA), one of the top hotel operators in Indonesia, to enter the fast-growing mid-scale business hotel segment. With Oakwood coming onboard, Ascott is confident of achieving its target of 160,000 units globally well ahead of 2023. About The Ascott Limited- The Ascott Limited (Ascott) is a Singapore company that has grown to be one of the leading international lodging owner-operators. Ascott's portfolio spans over 200 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA. Ascott has more than 81,000 operating units and over 54,000 units under development, making a total of more than 135,000 units in over 800 properties. The company's serviced apartment, coliving and hotel brands include Ascott The Residence, The Crest Collection, Somerset, Quest, Citadines, lyf, Préférence, Vertu, Harris, Citadines Connect, Fox, Yello, Fox Lite and POP!. Ascott's loyalty programme, Ascott Star Rewards, offers exclusive benefits to its members when they book directly with Ascott for their stays at its participating properties. Ascott, a wholly owned subsidiary of CapitaLand Investment Limited, pioneered Asia Pacific's first international-class serviced apartment with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide. About CapitaLand Investment Limited- Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 31 March 2022, CLI had about S$124 billion of real estate assets under management, and about S$86 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and 29 private funds across the Asia-Pacific, Europe and USA. Its diversified real estate asset classes cover integrated developments, retail, office, lodging, business parks, industrial, logistics and data centres. CLI aims to scale its FUM and fee-related earnings through its full stack of investment management and operating capabilities. As the listed investment management business arm of the CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand's development arm. Being a part of the well-established CapitaLand ecosystem differentiates CLI from other REIMs. As part of the CapitaLand Group, CLI places sustainability at the core of what it does. As a responsible real estate company, CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.

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