"This agreement is about building the operating system for modern homebuying, reAlpha CEO Mike Logozzo said in a statement. Buyers don't experience brokerage, lending, and closing as separate categories. They experience one process where clarity and execution matter. Logozzo said that the expectation is for the acquisition to position the company to further reduce friction across handoffs and deliver a more coordinated experience."
"InstaMortgage is based in California but operates in 32 states, including New York, New Jersey, Illinois and Ohio. The company said it has helped more than 3,500 borrowers secure mortgages. reAlpha's vision for an integrated AI-powered homebuying platform aligns with how we see the market evolving, and we're excited about what this could mean for borrowers, loan officers, and partners as we work toward closing, said Shashank Shekhar, founder and CEO of InstaMortgage."
reAlpha intends to acquire InstaMortgage to create an integrated, AI-powered homebuying platform aimed at reducing friction across brokerage, lending, and closing handoffs. InstaMortgage, founded in 2008, originated more than $4 billion in loans over the past five years and has helped over 3,500 borrowers secure mortgages. Mortgage technology platform RETR registered approximately $240 million in volume in the past 12 months through 56 loan officers. InstaMortgage operates in 32 states, including New York, New Jersey, Illinois, and Ohio. reAlpha plans to fund the cash portion with cash on hand and expects to close in the first half of 2026 pending regulatory approvals.
Read at www.housingwire.com
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