Brokerfied launched an online platform that provides landlords nationwide with a suite of tools to list and market their properties directly to potential tenants. The platform, developed to address the needs of small-scale commercial real estate owners, is subscription-based, with plans ranging from one to six months. Once all necessary property information has been provided, Brokerfied creates a search engine-optimized website with all available information for landlords to showcase their properties to potential tenants. Brokerfied estimates that 1.2 million small and vacant properties across the U.S. could drive revenue of $750 million annually.
Plaza Home Mortgage announced that it is now offering mortgages through the U.S. Department of Agriculture (USDA) renovation loan program. Loans through the program include up to 100% loan-to-value ratio with a minimum 620 FICO score. Purchase transactions for owner-occupied, detached single-family properties in a USDA-eligible rural area are eligible. Closing costs and upfront guarantee fees may be financed, and qualified buyers may be able to purchase with zero downpayment.
United Wholesale Mortgage (UWM) released Boost, a new marketplace designed to support business growth for independent mortgage brokers. Boost will provide independent mortgage brokers with streamlined access to purchase tailored leads, stay in touch with past clients, connect with real estate agents and opt into live call transfers.
Reggora announced that it is now offering a no-cost benchmark evaluation to help lenders improve their appraisal operations and performance. The complimentary evaluation will review appraisal costs, turn times, appraisal management company vs. panel operations, appraisal-dedicated employees, appraisal revision requests and industry pain points.