News Updates

Pretium to Acquire DeepHaven Mortgage

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Update: On September 18, 2019, Pretium and Värde Partners confirmed the completion of their previously announced agreement for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Terms of the deal were not disclosed. Pretium and Värde Partners agreed for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Founded in 2012, Deephaven is a leader in the non-qualified mortgage industry. The company partnered with Värde in 2014 to fund

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GeoPhy, a fast-growing company in commercial real estate technology, has launched Evra, a new AI-powered valuation platform. With Evra, commercial real estate investors, lenders and researchers can quickly access GeoPhy’s automated valuation model for accurate, transparent valuations for U.S. multifamily properties. Evra takes an automated, integrated, data-driven approach grounded on the GeoPhy AVM—an algorithm developed using proprietary property transaction and income datasets, combined with nontraditional data sources that capture quality

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National title insurance underwriter EnTitle Insurance Company has changed its name to Radian Title Insurance Inc. The company, acquired by Radian in 2018, is consistent with Radian’s strategy of uniting all of its subsidiaries under the One Radian brand. Through its family of companies, Radian offers a full range of residential mortgage and real estate products and services, including mortgage and title insurance, appraisal products, non-agency securitization reviews, secondary marketing

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RealPage, Inc. has introduced RealPage® AI Screening, the first AI-based screening algorithm built specifically for the multifamily apartment rental industry. The solution, developed by RealPage Resident Screening and Data Science teams is designed to enable property management companies to identify high-risk renters with greater accuracy. Traditional screening models use credit score, rent-to-income, debt-to-income and generic financial data to determine renter risk. These factors broadly measure an applicant’s capability to pay

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Civic Financial Services has released its new rental program, designed for real estate investors who are focused on aggregating rental properties. The program includes 5/1, 7/1 and 10/1 interest-only ARM products for either a single asset or a portfolio of properties, allowing investors to further expand their businesses. CIVIC’s expansion of its product offerings serves real estate investors with a rental strategy who may not meet the requirements of the

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Foreign buyers purchased fewer U.S. existing homes from April 2018 through March 2019. That’s according to a report the National Association of Realtors (NAR) released July 17. The report, “Profile of International Transactions in U.S. Residential Real Estate 2019,” is an annual survey of residential purchases from international buyers. It revealed that foreign buyers purchased $77.9 billion of U.S. existing homes during the 2019 survey period, a 36% drop from