TheMReport — News and strategies for the evolving mortgage marketplace.
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M R EP O RT | 11 MTECH their home buying journey." To share the eventful breakout year they had, Bee founders held an "ask me anything" webinar that included a panel of industry experts who back Bee, which con- sisted of a top mortgage consultant, an SVP of one of the largest home lenders in America, and Cutler Knupp, Director of Dysruptek, a venture capital firm backing Bee. The Bee Mortgage App is woman and minority founded by licensed real estate agents and mortgage pros along with a team experienced in mobile app develop- ment, systems automation, AI/ML, and blockchain technology. "Bee is on a mission to make homeowner- ship more accessible and afford- able. By mobilizing the mortgage experience, Bee is disrupting the $4 trillion dollar mortgage market for a generation of young, first time buyers in the market today," the company said in a release. Putting Down Roots in the Lone Star State UNITED REAL ESTATE EXPANDS PRESENCE TO TEXAS, INCREASING SERVICE TO AGENTS AND CLIENTS. U nited® Real Estate, a division of United Real Estate Group, announced its expansion with United Real Estate | Frisco. The announce- ment follows on the heels of its two mergers in December with Nashville-based Benchmark Realty and Atlanta-based Virtual Proper- ties Realty (VPR) and its October 2019 merger with Charles Ruten- berg Realty-Ft. Lauderdale. United's new Frisco location supports its North Texas expansion plans while also serving its clients throughout the Texas markets of Frisco, Plano, McKinney, Denton, and Garland. Since the launch of its brokerage model and flagship location in Dallas in 2011, United has added locations in Grapevine, Allen, and now Frisco, and has grown to more than 700 agents in North Texas. The United | Frisco office is tailored to suit the preferences of buyers and sellers, the company revealed. "Its technology-enabled, café-style design reflects clients' preferences for modern, comfort- able meeting spaces," the company said. "We look forward to creating ex- ceptional client experiences in this vibrant Frisco market," stated Nick Bristow, Area VP & Managing Broker of United Real Estate | Dallas and new managing broker of United Real Estate | Frisco. "I have been fortunate to work with an incredible team of agents in our Dallas office, and I plan to instill the same professionalism and culture here. Frisco's bourgeoning real estate market and population present much opportunity for our agents, and I know we'll experi- ence rapid growth in this office as well," he added. "We are pleased to be in posi- tion to grow and expand in the North Texas market," said Rick Haase, President of United Real Estate. "Nick Bristow and his team have done a phenomenal job developing our Lincoln Center Dallas location while keeping our tight-knit culture intact. Expansion to the Frisco market was a natural next step to better serve the needs of our agents and clients. Our over- all goal is to provide unmatched client experiences across all our offices, and this new location is no exception. We look forward to watching this tried and true team continue our stellar growth results," he added. United Real Estate has a network of more than 100 offices, 10,500 agents and will close 48,000 transactions and $12 billion in real estate sales annually. Next Steps for Leading Software Provider BLACK KNIGHT ANNOUNCES AMENDED AND RESTATED CREDIT FACILITIES. B lack Knight, Inc.(BKI), a leading provider of soft- ware, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals, an- nounced that its indirect subsid- iary, Black Knight InfoServ, LLC, a Delaware limited liability com- pany (the Borrower) entered into a second amended and restated senior secured credit facility (the Facilities), comprised of a $1.15 bil- lion five-year senior secured term loan A facility and a $1 billion five-year senior secured revolving credit facility (the Revolver). The Facilities have been extended and expanded to provide continued financial flexibility and liquidity. The proceeds of the Facilities were used to repay in full the in- debtedness outstanding under the previous amended and restated senior secured credit facility and pay associated fees and expenses. The Facilities are guaranteed by BKI's indirect subsidiary, Black Knight Financial Services, LLC (BKFS LLC), the Borrower and certain of the Borrower's existing and future domestic subsidiaries and are secured by substantially all tangible and intangible assets of BKFS LLC, the Borrower and certain of the Borrower's existing and future domestic subsidiaries. BKI is an award-winning software, data, and analytics company that delivers innovation in the mortgage lending and ser- vicing and real estate industries, as well as the capital and second- ary markets. Businesses leverage BKI's robust, integrated solutions across the entire homeownership "We are pleased to be in position to grow and expand in the North Texas market. —Rick Haase, President, United Real Estate