Have you heard about Xome?
Chances are you have not heard about Xome. If you have not heard about Xome, you should probably check it out. Xome is a national property search site, powered by IDX (internet data exchange) and last week Xome (super quietly) launched their beta site.
So what’s so special about Xome? For starters, it is probably the largest “paper brokerage” site ever. And even more exciting: Xome pledges to feed leads to agents who agree to give back 1 percent of the deal to consumers.
Xome is looking (and or) is taking aim at “a radically better way to buy and sell homes” by giving back to the consumer. Behind this new concept is mortgage servicer Nationstar Mortgage Holdings, one of the largest non-bank lenders/servicers in the U.S.
In 2011, Nationstar acquired Real Estate Digital for $18 million. Real Estate Digital (RED) provides technology service to more than 500 MLSs, 350 brokerages, nearly 60 settlement services companies and more than 300,000 agents. RED specializes in data aggregation and has licensed 98 percent of all MLS listings – rivaling realtor.com, which licenses nearly all of the nation’s 850 MLSs.
Whether or not Xome is the next best and greatest thing since sliced bread (and or) Xome excites you; I am excited about Xome. And I am not excited about Xome because it looks to give Z & T a run for their money. I am excited about Xome because I like the “give back concept.” I have no problem giving back 1 percent to consumers, as a matter of fact, I feel it is about time consumers get a little something back from the deal.
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