While real estate agents chase leads and close deals on houses, there’s another level of deal-making that takes place within the real estate industry: mergers, acquisitions, integrations and partnerships.
We’ll be recapping every week’s noteworthy deals that didn’t make it into print (and some that did) for your perusal. Here are this week’s:
October 10
First American Financial Corporation, which provides title insurance, settlement services and more, announced its acquisition of TD Financial Services Corporation, which provides post-closing and document management technology and services to the mortgage banking industry. “We’re excited to welcome TD Service Financial Corporation to the First American family. Both companies have a long history of dedicated service to our clients and commitment to our industry,” said Dennis J. Gilmore, chief executive officer of First American Financial Corporation, in a statement. “We share the same passion for delivering superior customer service and similar core values rooted in putting people first, which ensures this move will benefit the customers and employees of both companies.”
October 11
Northwest Oklahoma Real Estate Services (NORES) announced that it has chosen Centralized Showing Service (CSS), a real estate showing services platform, as its exclusive online showing service provider for the 3,900 Realtor members of NORES. “We recognized our brokers and agents can become more agile and better connected to sales opportunities using CSS Scheduler,” said Mike Cotrill, CEO, of NORES, in a statement. “Scheduler will enable our agents to manage their showing activity, share pertinent info in real-time and better serve their clients.”
October 12
Cloud brokerage eXp World Holdings announced a partnership with New Story. “We are honored and deeply grateful to the eXp Realty community, whose members have immediately demonstrated a great generosity of resources and spirit to help families in need,” stated Brett Hagler, CEO and co-founder of New Story, in a statement. “EXp Realty agents understand that talent is universal but that opportunity is not and they recognize that a home provides the foundation for family, for safety, and for the creation and pursuit of opportunity.”
PathSoftware, a cloud-based mortgage loan origination software, announced that it has integrated with idsDoc, the flagship solution from mortgage document preparation vendor International Document Services. “At IDS, we’re committed to making our document solution as easy as possible for our customers,” said Mark Mackey, executive vice president at IDS. “That’s why we’re proud to partner with a like-minded LOS, such as Path, to ensure our customers have a seamless, efficient and productive experience.”
Douglas Elliman announced a new location for its expanded Tribeca office: 140 Franklin Street. “Our first Tribeca office opened over two decades ago with just 12 agents operating in about 2,500 square feet of space,” said Steven James, CEO of Douglas Elliman’s New York brokerage, in a statement. “We are so proud of the growth and incredible success of this office over the years, and this move reflects both the rapid rise of residential offerings in the area, and Douglas Elliman’s continued preeminence in Manhattan’s real estate market.”
October 13
One Sotheby’s International Realty acquired Crescendo Real Estate, which will become the 11th One Sotheby’s office.
Red Rock Real Estate in St. George, Utah, has acquired Paragon Real Estate. “It’s a great opportunity,” Jack Scott, former principal broker of Paragon Real Estate and current managing broker at Red Rock Real Estate, told the St. George News. “We’ve been poised to blend our people with other great people in the real estate business.”
Realty ONE Group Complete announced the opening of its second Northern California location in Sacramento.
Attom Data Solutions announced a data licensing agreement with UtilityScore, making Attom the exclusive bulk data provider of UtilityScore data. “We’re pleased to add the innovative UtilityScore data element to the expanding Attom Data Warehouse,” said Rob Barber, chief executive officer at Attom Data Solutions, in a statement. “Fused with our existing property data elements, utility costs will be immediately applicable for many bulk data customers, including lenders, online real estate portals, home builders, big box retailers, solar companies, cable companies, home appliance manufacturers, home security companies and government agencies.”
The National Association of Realtors has partnered with Intuit, the financial management software product company, to offer savings on Quickbooks Self-Employed and TurboTax through the Realtor Benefits Program. “The addition of Intuit to the Realtor Benefits Program allows NAR to provide our members with access and discounts to world class financial management software products that are well-suited to meet the unique needs of real estate professionals,” said NAR President Tom Salomone, broker-owner of Real Estate II, Inc. in Coral Springs, Florida, in a statement.
