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reAlpha Mortgage Grows Footprint into Nevada, Names Jennifer Buserini to Spearhead Market Launch
Globenewswire· 2025-10-01 21:00
Core Insights - reAlpha Tech Corp. is expanding its mortgage division, reAlpha Mortgage, into Nevada, aligning with its national rollout strategy and targeting a rapidly growing mortgage and housing market [1][4] - Nevada's mortgage origination volume reached over $24 billion in 2024, marking a 21.8% year-over-year increase, with the Las Vegas-Henderson area contributing approximately $18 billion and growing by 27.4% [1][3] - The appointment of Jennifer Buserini as the originating loan officer for Nevada is expected to enhance the company's local market presence, leveraging her extensive experience and productivity [1][6] Company Strategy - The expansion into Nevada is part of reAlpha's strategy to unify realty, mortgage, and title services under a technology-driven platform, aiming to streamline the homebuying process and improve cost efficiency for consumers [4][6] - With licensing secured in 31 states, reAlpha Mortgage is making significant progress in its national expansion efforts [4] Market Opportunity - Nevada is identified as the sixth fastest-growing state in the U.S. by population, driven by inbound migration and a favorable housing market characterized by rising inventory levels [1][4] - The company offers a comprehensive suite of mortgage products, including Conventional, VA, FHA, and USDA loans, supported by a network of over 100 lenders and AI-optimized operations [3][4]
reAlpha Mortgage Expands Footprint into Utah, Strengthens Team with Industry Leader
Globenewswire· 2025-08-07 20:30
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].
reAlpha Mortgage launches as reAlpha's AI-Enhanced Brokerage Arm, Supports Next Phase of Vertical Integration
Globenewswire· 2025-07-29 23:00
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]