"We believe Capital brings embedded finance to the real estate industry for the first time, giving eligible agents same-day access to the funds they need when they need them, without the headaches of traditional lending, said Tamir Poleg, chairman and CEO of Real. It's a transformative leap toward building the leading financial platform in real estate one focused on agents' success, giving them the tools to scale their businesses and concentrate on delivering exceptional service to their clients."
"Real Wallet Capital gives our agents confidence, control and speed, said Dominic Parikh, general manager of Real Wallet. No waiting on banks just seamless access to funds in Real Wallet. Whether it's bridging a delayed closing or doubling down on a growth opportunity, agents now have even more flexibility to run their businesses the way they want."
"Pritesh Damani, Real's chief technology officer, said the new offering extends the company's broader goal of integrating financial technology into the real estate industry. Real Wallet is becoming the financial engine for the modern agent, Damani said. With Capital, we're not just offering lending we're redefining what financial services look like in real estate. By embedding fintech directly into reZEN, we're giving agents powerful, real-time tools to manage their business and unlock new levels of growth."
Real Wallet Capital provides eligible real estate agents with same-day access to funds through embedded financial services, bypassing traditional lending delays. The service continuously underwrites credit using past earnings, pending deals, and projected income to determine eligibility and loan amounts. Agents can check loan status, sign agreements, and transfer funds via the Real Wallet interface, with funds typically available the same business day. Repayments occur automatically through small monthly payments and deductions from future commission and revenue share earnings. The offering aims to give agents flexibility to bridge delayed closings or pursue growth opportunities and will launch in 28 states plus the District of Columbia, with nationwide expansion planned.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]