Offerpad tightens belt, narrows 2024 loss to $62M

Online property marketplace and real estate technology company Offerpad Solutions Inc. reported a net loss of $17.3 million in the fourth quarter of 2024, which was up 12% from the $15.4 million loss it sustained in the final quarter of 2023.Its full year 2024 net loss totaled $62.2 million, which w

Maverick Systems expands agent recruitment platform

Chicago-based Maverick Systems is rapidly expanding its real estate data analytics platform nationwide, offering brokerages a new tool in the competitive landscape for experienced agents.The company is currently profiling about 200,000 real estate agents across the U.S. It focuses on eight key Multi

FOA’s James Mittleman on reverse industry’s forward partnerships, proprietary as ‘the future’

The reverse mortgage industry in 2025 could be defined by two key developments: continuing efforts to establish partnerships with the forward mortgage industry, as well as the development of proprietary reverse mortgage products that could be the “future” of the industry.This is according to an inte