Porch Group bolsters executive team as profits keep rolling in
Property insurance and home warranty provider announces 4 additions to its executive team to keep the momentum going after putting together 2 consecutive profitable quarters
by Matt Carter Mar 14
Porch shares soar 55% on $14M Q3 profit and restructuring plan
Regulators have signed off on plans to restructure insurance business into a company that's owned by policyholders and operated by Porch, insulating it from catastrophic weather events
by Matt Carter Nov 8
Floify teams with Argyle for income and employment authentication
Mortgage tech provider Floify's partnership allows lenders to perform Freddie Mac- and Fannie Mae-compliant verifications without leaving the Floify platform, executives announced Thursday
by Matt Carter Oct 15
The analyst who predicted a 30% fall in commissions has more to say
Veteran KBW analyst Ryan Tomasello will be talking about the 'watershed moment' that could lead to consolidation and innovation across the real estate industry at Inman Connect Las Vegas
by Matt Carter Jul 22
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Fallout from the bankruptcy of reinsurer Vesttoo Ltd. ripples through the insurance industry, with Texas regulators keeping tabs on Homeowners of America Insurance Co.
by Matt Carter Sep 5
Right now is the time to invest in technology, venture capitalists say
Proptech investors discussed venture capital after a period of heavy interest from Wall Street in a Connect panel, 'Are companies still prioritizing tech and innovation or is it back to basics?'
by Craig C. Rowe Aug 8
Homebuyers can start loan apps with Google or Facebook credentials
Floify claims it's the first first major mortgage point-of-sale software provider to offer Single Sign-On (SSO) capabilities
by Matt Carter Jul 7
Porch buying spree continues with $33M RWS acquisition
Porch closed its latest acquisition days after parting ways with its CFO upon discovering weaknesses in financial reporting that prevented it from filing its 2021 annual report on time
by Matt Carter Apr 5
Porch's 2021 losses top $109M as company keeps eye on expansion
Despite overall losses, the home services marketplace's revenue more than doubled in 2021. The company says it may be profitable this year
by Taylor Anderson Mar 1
Porch launching 'pay-at-close' program for home inspections
Acquisitions also paving way for expansion into related software verticals including mortgage, title and home warranty
by Matt Carter Dec 6
Moderne Ventures clinches $200M in oversubscribed funding round
The company's second fund achieved 4 times the amount of the its first institutional fund and boasts contributions from a number of big names including Greystar
Home improvement marketplace Porch makes stock market debut
Porch has evolved into an enterprise software company as well as a consumer-facing marketplace. The firm is the latest to use a merger with a blank check company to go public
by Jim Dalrymple II Dec 24
Former Zillow, Angie's List execs join Vacasa board of directors
Chad Cohen formerly served as the CFO for Zillow. Chris Terrill is the former chief executive of Angie's List, and is currently on the board of Realogy
by Jim Dalrymple II Nov 10
Inman News quiz: Think you're on top of the week's biggest stories?
The real estate industry threw some curveballs. Take Inman's real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week.
by Inman Jan 10
Porch pockets $20.6M in first funding round since 2015
The infusion will be used to fund operations and push the company toward profitability, CEO Matt Ehrlichmann said in a statement
by Marian McPherson Jan 9