Partnership will enable New Again Houses to rapidly deploy brokerage services to their ecosystem
SARATOGA SPRINGS, N.Y., March 1, 2023 /PRNewswire-PRWeb/ -- Veracrest, a real estate brokerage-as-a-service (BaaS) company, has partnered with New Again Houses® (NAH), a national real estate franchise ranked top 25 by Franchise Business Review to unlock untapped value streams in the NAH Network by providing a turnkey brokerage solution for their ecosystem. NAH franchise owners currently serve over 40-markets across the U.S.
The real estate brokerage market remains highly fragmented operating in a market that's over $100 billion in annualized commission fees. Institutions and funds seeking entrance to the sector traditionally have had to make prohibitive investments and manage material non-core complexity or partner with third-party brokerages and cede control and value. Veracrest has solved this problem, providing a turn-key brokerage-as-a-service (BaaS) solution for their partners. Veracrest's unique platform provides rapid speed to market, full client revenue recognition and industry-leading risk management and compliance.
Veracrest launched with select clientele in 2023 and is beginning to screen prospective candidates for expansion. It anticipates strong demand from established builders, mortgage servicing companies, real estate funds, and homeowner affinity groups. "We are seeing a strong response to Veracrest, validating our team's ability to unlock value and create a seamless solution to add brokerage to our respective partners ecosystem, said Eric Eckardt, Founder. "More importantly, we are building a viable business with favorable unit economics using sound business practices. NAH is a strong partner with an exceptional franchise offering - we are proud to partner with Matt and his team." Matt Lavinder, Founder & President at NAH said, "we were evaluating the market to stand-up a brokerage for our franchise owners looking to acquire, build or partner. Veracrest's solution checked every box; unlock value across our franchise owners, provide a marketplace for off-market properties, retain 100% ownership and align with seasoned industry operators with speed to market." We are excited to partner with veracrest!"NAH brokerage will be expanding this year and the broader market opportunity for veracrest is massive - targeting real estate funds, mortgage servicers, builders and affinity groups. To learn more about veracrest, please visit their website.
About Veracrest Inc.
Veracrest Inc. ("veracrest") is a brokerage-as-a-service (BaaS) platform for our partners to add real estate brokerage to their ecosystem. Through their proprietary platform and solutions, their partners enter the real estate brokerage space in a timely manner. Headquartered in Saratoga Springs, NY, the company was founded by seasoned veterans, including Eric Eckardt and Eric Koenig in 2022. For more information, visit http://www.veracrest.app.
About New Again Houses
New Again Houses® was founded in 2008 as a way to transform old houses into new modern homes through a culture of innovation, ownership, and win-win relationships. NAH has franchise locations across the country and are headquartered in Bristol, TN. They are recognized by a multitude of national publications and franchise rankings. Their growing team, national partnerships and systems have grown into an ecosystem that supports its franchise owners with construction support, analysis software, marketing, business coaching, capital partnerships, and accounting. NAH transforms not only houses, but the lives of our franchise owners and its partners. They are ranked a top 25 franchise by the Franchise Business Review. For more information, visit https://newagainhouses.com.
Media Contact
Communications, Veracrest Inc., 1 8884525327, [email protected]
SOURCE Veracrest Inc.
Share this article