DUBLIN, Ohio, Oct. 01, 2025 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), an AI-powered real estate technology company, today announced the expansion of its mortgage division, reAlpha Mortgage, into Nevada. This milestone reinforces the Company’s national rollout strategy and positions reAlpha to serve one of the country’s fastest-growing mortgage1 and housing markets (in terms of housing inventory).2 Nevada represents a significant opportunity for reAlpha, with over $2 ...

Core Viewpoint - reAlpha Tech Corp. is expanding its mortgage division into Utah, a rapidly growing market, to enhance its national growth strategy and local presence [1][4]. Group 1: Expansion Strategy - The expansion into Utah is part of reAlpha's national growth strategy, targeting a market with an annual mortgage origination volume exceeding $29 billion [3]. - The company has secured licensing in 30 states, demonstrating significant progress toward its nationwide rollout strategy [4]. Group 2: Leadership and Market Approach - reAlpha Mortgage has appointed industry leader Dave Osofsky, who has 23 years of experience, to lead the expansion and increase loan volume in the region [2]. - The company aims to leverage its AI-enhanced platform and local leadership to improve borrower experience and operational efficiency [3]. Group 3: Product Offering and Technology Integration - reAlpha Mortgage offers a comprehensive suite of mortgage products, including Conventional, VA, FHA, and USDA loans, supported by a broad lender network [3]. - The company is focused on integrating technology across its mortgage operations to streamline the homebuying process, making it faster, simpler, and more affordable for consumers [4][6].

Core Insights - reAlpha Tech Corp. has launched reAlpha Mortgage, integrating real estate and mortgage services under one brand to enhance the homebuying experience [1][5] - The company aims to operate nationally while maintaining a strong local impact, focusing on efficiency, access, and value for customers [2] - A new leadership team has been appointed to drive the growth of reAlpha Mortgage, including Jamie Cavanaugh as CEO and Rocky Billore as Chief Sales Officer [2][3] Company Strategy - The transition to reAlpha Mortgage is part of a strategy to create a seamless, end-to-end experience that combines real estate, mortgage, and title services [5] - The company plans to expand its mortgage services into additional U.S. states and enhance AI integration across its operations [6] Product Offering - reAlpha Mortgage offers a comprehensive range of loan products, including Conventional, VA, FHA, and USDA loans, supported by an extensive lender network [4] - The company aims to transform the mortgage experience to make it faster, simpler, and more affordable through AI-enhanced operations [4] Leadership and Expertise - Christopher Griffith, former CEO of Be My Neighbor Mortgage, has been appointed as SVP of Mortgage, focusing on long-term strategy and innovation [3] - The leadership team is committed to scaling reAlpha's mortgage operations and delivering customer-centric innovations [2] Market Position - reAlpha Tech Corp. is positioned to transform the multi-trillion-dollar U.S. real estate services market through an integrated platform that streamlines transactions [7] - The company employs a strategic, acquisition-driven growth model and proprietary AI infrastructure to build a vertically integrated ecosystem [7]