Index Investing News
Saturday, May 31, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Zavvie Rolls Out Power Buyer Services to Mortgage Lenders

by Index Investing News
July 6, 2023
in Property
Reading Time: 3 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


In these times, double down — on your skills, on your knowledge, on you. Join us August 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.

After debuting a power buyer program for real estate brokerages in February, real estate technology provider zavvie has officially launched a similar service for mortgage lenders.

Zavvie, which says it’s helped real estate brokerages boost their mortgage capture business by 10 to 15 percent, has been working quietly behind the scenes. Having launched a beta test with lenders last fall, Zavvie says it’s already closed 500 transactions and now has power buyer partnerships with 30 mortgage lenders in nine states.

While most of the mortgage lenders zavvie is working with are a subsidiary or joint venture of its real estate brokerage clients, five are “direct-to-mortgage” companies, the company said.

Lane Hornung

“The mortgage marketplace today is ripe for innovation and solutions that can help loan officers make more deals happen for their clients and real estate agent partners,” said zavvie co-founder and CEO Lane Hornung, in a statement.

Hornung said about one-third of all home sales are cash deals, and that mortgage loan officers are adopting cash offers at a faster pace than real estate agents.

“Lenders are attracted immediately to zavvie’s power buyer program because historically, cash offers are over four times more likely to be accepted than financed offers, and they close faster, making sellers and their agents happier,” he said.

The plan is to expand zavvie’s reach in the mortgage industry to 14 states by the end of the year, providing power buyer services including a contingency-free cash offer and buy-before-you-sell bridge loan.

Power buyer Knock announced in January that it would work with local lenders to pair the company’s Home Swap Equity Advance with the purchase mortgage of the borrower’s choice.

Sean Black

“By partnering with lenders, we are making it easier for consumers to get the benefits of leveraging the equity in their current house to buy their dream home without any of the hassles that typically come with buying and selling, including the ability to avoid moving twice and living through repairs and showings,” Knock co-founder and CEO Sean Black said at the time.

Zavvie kicked off the year by announcing $3.65 million in new funding, including $1.5 million in cash and $2.15 million in convertibles, in a round led by existing investors including Second Century Ventures, the National Association of Realtors’ venture capital fund.

Zavvie participated in NAR’s tech accelerator program, REACH, in 2018. With the fresh injection of capital, Second Century Ventures Managing Partner Tyler Thompson joined zavvie’s board of directors.

Get Inman’s Mortgage Brief Newsletter delivered right to your inbox. A weekly roundup of all the biggest news in the world of mortgages and closings delivered every Wednesday. Click here to subscribe.

Email Matt Carter





Source link

Tags: BuyerLendersMortgagePowerrollsServicesZavvie
ShareTweetShareShare
Previous Post

The World Cup is so much bigger than the Euros

Next Post

Yusef Salaam, ‘Central Park Five’ member, wins NYC Council race

Related Posts

Simply Listed | 206 SE Wentworth Drive

Simply Listed | 206 SE Wentworth Drive

by Index Investing News
May 30, 2025
0

STUNNING ST. LUCIE PARK3 Beds | 2 Baths Expertise the perfect mixture of character and comfort on this fantastically renovated...

30+ June Social Media Prompts to Kick Off Summer season

30+ June Social Media Prompts to Kick Off Summer season

by Index Investing News
May 30, 2025
0

Transitional months are when messaging actually issues! Temperatures are rising, holidays are being taken, and automatic OOTO replies are working...

High 5 Workplace Tasks Underneath Building in Manhattan

High 5 Workplace Tasks Underneath Building in Manhattan

by Index Investing News
May 30, 2025
0

Manhattan’s under-construction workplace pipeline consisted of 4.6 million sq. ft of aggressive area throughout 12 properties on the finish of...

Simply Listed | 12829 Briarlake Drive #204

Simply Listed | 12829 Briarlake Drive #204

by Index Investing News
May 30, 2025
0

BEAUTIFUL IN BRIARWOOD2 Beds | 2 Baths Alternative awaits to complete making this dwelling yours. Impartial tiles flooring, A spacious...

GBI Particular Report: Sustainable Vitality for Knowledge Facilities, Communities

GBI Particular Report: Sustainable Vitality for Knowledge Facilities, Communities

by Index Investing News
May 29, 2025
0

In keeping with the Electrical Energy Analysis Institute, knowledge facilities might devour as a lot as 9 p.c of the...

Next Post
Yusef Salaam, ‘Central Park Five’ member, wins NYC Council race

Yusef Salaam, 'Central Park Five' member, wins NYC Council race

Liverpool “suddenly” leading race to sign Championship “shining star”

Liverpool "suddenly" leading race to sign Championship "shining star"

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Hochul Says Second Boosters Are Supplied at New York Vaccination Websites

Hochul Says Second Boosters Are Supplied at New York Vaccination Websites

April 3, 2022
Is the vibecession really over?

Is the vibecession really over?

August 16, 2023
Essential AI tools for business

Essential AI tools for business

March 6, 2023
Jeff Lewis and Boyfriend Stuart O’Keefe Hash Out Messy Relationship Drama Live on His Radio Show

Jeff Lewis and Boyfriend Stuart O’Keefe Hash Out Messy Relationship Drama Live on His Radio Show

May 26, 2023
How to afford a mortgage as interest rates and home prices rise

How to afford a mortgage as interest rates and home prices rise

November 19, 2022
Gov. Ron DeSantis begins recruiting for his personal Florida military

Gov. Ron DeSantis begins recruiting for his personal Florida military

June 1, 2022
S&P 500 futures rise 1% because the market is about to rebound from a brutal week

S&P 500 futures rise 1% because the market is about to rebound from a brutal week

June 20, 2022
How To Launch Your Own Blockchain Startup | by SimpleSwap.io | The Capital | Feb, 2023

How To Launch Your Own Blockchain Startup | by SimpleSwap.io | The Capital | Feb, 2023

February 18, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In