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MortgagePoint February 2024

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February 2024 » thefivestar.com 25 February 2024 I N D U S T R Y U P D A T E CV3 FINANCIAL LAUNCHES LONG- TERM RENTAL FINANCING OPTIONS C V3 Financial Services, an- nounced the introduction of new, long-term, 30-year, fixed- rate loan options to support customers with buy-and-hold investment strategies. The company, which provides financing of fix-and-flip and rental properties to real estate investors, was founded in Sep- tember 2023 by William Tessar, the past President of CIVIC Financial Services. "With increasingly diverse investment strategies, our customers need more financing choices. Profitability for real estate investors in the fix-and-flip space has increased for three consecutive quarters, with industry analysts reporting an average profit of $70,000," said William Tessar, CEO of CV3. "When it comes to rental properties, however, many of our customers want financing options that enable them to build long-term equity with principal and interest payments or refinance out of adjustable-rate mortgages into predictable long-term fixed rate loans." "This marks the beginning of an ex- citing year for CV3. With the continued expansion of our product offerings, we expect to include ground-up construc- tion and multifamily financing in the coming months, as well as add a dozen new states this year," Tessar continued. "From the day we opened our doors, we set our sights on becoming the dominant private lender in the industry. In today's dynamic real estate investment space, offering more choices in financing will enable us to achieve our mission of becoming the capital partner of choice for all of our customers' financing needs." CONSOLIDATED ANALYTICS ACQUIRES REAL INFO C onsolidated Analytics, Inc. (CA), a provider of technology-driven solutions to the mortgage indus- try, has acquired Real Info, Inc. (Real Info), a provider of property data and valuation technology solutions. "This transaction underscores CA's commitment to expanding our product of- ferings and strengthening our position as a strategic, value-driven client partner. The Real Info acquisition marks our fourth strategic move since inception, highlight- ing our dedication to growth and success," said CEO Arvin Wijay. The Real Info acquisition further expands CA's suite of valuation solutions, offering clients enhanced tools to better predict market value and access a more comprehensive selection of collateral assessment products for more informed decision-making. Benefits include: » Expanded Product Line: The acqui- sition results in an expanded product line, combining Real Info's suite of Automated Valuation Model products, i-Val®, realAssessment®, and Q-Val® product lines, providing a comprehen- sive suite of valuation products and services, from data and analytics to appraisals, BPOs, and a full array of valuation and review products. » Enhanced Competitive Edge and Technological Solutions: The com- bined resources of CA and Real Info will provide cutting-edge analytics and technology for the most accurate determination of value. » Expanded Client Base: Building on the success of both companies, this acqui- sition results in a broader client base, strengthening CA's market presence and fueling ongoing innovation in valuation services. » Cutting-Edge Analytics and Extensive Property Database: The acquisition positions CA as a leading provider of analytics, supported by access to one of the nation's largest property databases. Consolidated Analytics, in collabora- tion with Real Info's founder, Jim Kirchmey- er, is committed to maintaining the highest service standards, fostering innovation, and prioritizing client satisfaction. "We are pleased that Real Info has joined Consoli- dated Analytics, bringing our products, ser- vices, and skilled team on board," said Jim Kirchmeyer. "Bringing together advanced technologies and the robust capabilities of the team, we aim to make a meaningful impact with this collaboration."

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