Real Estate Tech Brokerage Radius Launches California Mortgage Brokerage
New Mortgage Branch Further Integrates Offerings for Radius Agents and Clients Across Californiawith plans to enter additional markets as the brokerage expands.
SAN FRANCISCO, August 4, 2022 /PRNewswire/ — Raythe technology-focused brokerage firm, today announced the launch of a mortgage brokerage in California. Mortgage launch follows company launch $14 million Series A fundraising and recent expansion to Texas, Florida and Washington.
Radius is a modern, full-service brokerage firm that provides real estate professionals and their teams with the support and tools needed to grow their business – with a simplified, modest flat-rate commission structure. The brokerage enables enterprising real estate professionals to benefit from integrated technologies, mentoring, recruiting, financial services and marketing resources to create and amplify their own brand.
With the addition of a mortgage brokerage, Radius agents and their clients at California will have access to a more seamless and transparent lending experience. With access to real-time status updates and critical documents in their customer dashboards, Radius agents will be able to provide quality loan process insights to their customers, while being supported by a dedicated team. The Radius mortgage arm will be led by the Director of Mortgages Michel Bardalesa 20 year veteran California loan and senior loan manager Grace Davisa 17-year real estate veteran and the best loan officer in the state.
“We are building Radius Mortgage from scratch to be a premier lender in California,” said Sam Kasle, Chief Revenue Officer of Radius. “For too long, the lending process has been frustrating and cumbersome for agents and their clients. By keeping cost structures low and bringing transparency to the entire lending process, we hope to help lending professionals real estate to provide a better customer experience and grow their businesses.”
Dedicated to the development of the whole agent, Radius has helped real estate professionals and their teams close more than $400 million in revenue in the first quarter of 2022, while the sponsorship network generated $25 billion in referral commissions over the past three years. The company has doubled its revenue in the past five months and reported 300% year-over-year revenue growth.
Radius now operates in California, Colorado, Georgia, Oregon, Texas, Floridaand Washington. Building on its real estate social network of more than 85,000 agents nationwide, Radius plans to expand further into the United States by the end of the year.
Radius is the premier technology-focused brokerage for real estate professionals looking to grow their brands and profits. Whether it’s networking opportunities, branding/marketing resources, or premium services for buyers and sellers, Radius is ready to help real estate professionals grow their business while making them save time and money. Founded in 2015, Radius is backed by the founders of Trulia, Zillow and Roofstock. Visit https://www.radiusagent.com/ to learn more.