With $15M goal, Knock turns to 'everyday' investors
Second Century Ventures and Foundry Venture Capital have backed the company with $10M. Knock is now turning to public funding site Wefunder to get to $15M
by Craig C. Rowe Feb 26
Anywhere vet Simon Chen is new CEO of bridge loan provider Arrival
San Francisco-based startup lets homeowners tap their equity to obtain bridge loans and submit a 'cash-equivalent offer' on their next home with real estate agents of their choice
by Matt Carter Jul 20
Zavvie rolls out power buyer services to mortgage lenders
After debuting a power buyer program for real estate brokerages in February, zavvie now has power buyer partnerships with 30 mortgage lenders in 9 states
by Matt Carter Jul 5
REACH turns 10: Inside the NAR tech accelerator's success rate
Since the accelerator launched a decade ago, 80 companies have graduated from the program, an Intel analysis shows. More than 75% are still in business and about 20% have been acquired
What happened with power buying in 2022? Let's look at the numbers
The market went south, but consumers' appetite for power buying didn't, according to a new report from real estate marketplace zavvie
by Taylor Anderson Feb 1
Power buyer Knock says it will now work with any lender or agent
Homebuyers can use the Knock Home Swap Equity Advance in conjunction with a purchase loan from any lender to make a non-contingent offer when buying their next home
by Matt Carter Jan 24
Knock increases bridge loan for home prep to $35,000
The 6-month loan is a component of Home Swap that allows clients to prepare a home for market through basic repairs, small finish upgrades, painting and other items buyers look for in a home
by Craig C. Rowe Jan 18
The biggest mortgage, lending and housing finance stories of 2022
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to 'right size' and helped crown a new leader in mortgage lending
by Matt Carter Dec 28
Homeward CEO Tim Heyl and the path forward for power buyers
Heyl said his company is built to handle down markets. He spoke with Inman ahead of Inman Connect New York, where he’ll be talking about tech, data and the biggest trends in 2023
by Taylor Anderson Dec 14
Zoodealio's smart upgrades reflect an evolving industry: Tech Review
One-time Inman New Kid on the Block, Zoodealio's updates adjust to new purchasing models created by the mortgage-hybrids, and introduce another way to sell: Cash+
by Craig C. Rowe Dec 2
Ribbon makes massive cuts, leaving fewer than 30 workers
In an email on Monday, a spokesperson for the power buyer confirmed to Inman that the company had laid off workers and would now 'be a company of less than 30 people'
by Jim Dalrymple II Nov 21
Orchard lays off 180 workers amid historic housing 'disruption'
The cuts are the second time the power buyer has reduced its workforce as the market has rapidly deteriorated this year
by Jim Dalrymple II Nov 17
Mortgage is the new money pit for portals: Mike DelPrete
Opinion
Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies
by Mike DelPrete Oct 3
Ribbon back in expansion mode with push into Illinois and Michigan
Less than 2 months after layoffs, the power buyer is now in 17 states and says it's still on track to meet a goal of being operational in half of the US by the end of the year
by Matt Carter Sep 15
WATCH: How being picky about your financing options can pay off
At Inman Connect Las Vegas, John Paasonen of Maxwell and Robert Foos of Knock said agents and buyers have an opportunity to be selective in the current market when it comes to financing
by Lillian Dickerson Aug 24