Welcome to our dedicated page for Fathom Holdings news (Ticker: FTHM), a resource for investors and traders seeking the latest updates and insights on Fathom Holdings stock.
Fathom Holdings Inc. (FTHM) operates a comprehensive real estate services platform combining brokerage, mortgage, and proprietary SaaS technology. This news hub provides investors and industry professionals with essential updates about the company's strategic developments and market position.
Access official press releases, financial disclosures, and operational updates in one centralized location. Track announcements related to technology innovations, strategic partnerships, and market expansion initiatives that shape Fathom's role in modern real estate services.
Our curated collection includes updates on earnings reports, leadership changes, and product enhancements to the intelliAgent platform. Stay informed about regulatory developments and industry trends impacting FTHM's integrated service model.
Bookmark this page for streamlined access to Fathom Holdings' latest communications. Combine these verified updates with broader industry analysis to maintain a complete perspective on this technology-driven real estate innovator.
Fathom Holdings Inc. (Nasdaq: FTHM) plans to release its financial results for the fourth quarter and full year of 2021 after market close on March 8, 2022. The company provides a national, technology-driven platform for real estate services, integrating residential brokerage, mortgage, title, insurance, and SaaS solutions. Following the earnings report, an investor conference call is scheduled for 5:00 p.m. ET that same day, allowing investors to discuss the results and future outlook.
Fathom Holdings (NASDAQ: FTHM) announced its subsidiary, Encompass Lending Group, has acquired Cornerstone First Financial, a residential mortgage lender based in Washington, D.C. The acquisition is expected to be immediately accretive, enhancing Fathom's technology-driven real estate services platform. Cornerstone First Financial specializes in various lending solutions, operating in key U.S. markets. CEO Josh Harley emphasized the opportunity for new lead generation strategies and significant growth in mortgage business following the acquisition.
Fathom Holdings Inc. (NASDAQ: FTHM) has acquired Utah-based iPro Realty Network, a full-service residential brokerage with approximately 435 agents. The transaction is expected to be immediately accretive, enhancing Fathom's market presence in Utah's rapidly growing real estate market. In 2021, iPro generated over $1.25 billion in residential sales volume across more than 2,900 transactions. This acquisition aligns with Fathom's strategy to expand its operations across all 50 states.
Fathom Realty LLC, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), launched intelliAgent 2.0 on January 25, 2022. This all-in-one technology platform aims to enhance brokerage operations and agent transaction management. Available free to agents from February 9, 2022, the platform includes a sophisticated CRM, marketing resources, and customizable property market reports. CEO Josh Harley emphasized that this iteration allows agents to leverage advanced tools while reducing costs. The rollout aims to attract more agents, increase revenues, and reduce operational expenses.
Fathom Realty LLC, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), announced a revised commission structure for its agents, effective January 1, 2022. The annual fee will rise to $600 from $500, and the transaction fee for the first 12 completed transactions will increase to $500 each, up from $450. The $99 fee for transactions beyond the initial 12 remains unchanged. The CEO emphasized that this small fee increase, the first in five years, aims to enhance services and attract more agents, which aligns with Fathom's agent-centric approach.
Fathom Realty, a subsidiary of Fathom Holdings (Nasdaq: FTHM), launched Fathom Academy, an AI-driven e-learning platform designed to enhance agent training and productivity. Integrated with intelliAgent, the Academy offers over 150 online courses, live webinars, and collaboration tools aimed at improving agent efficiency. Founder Josh Harley emphasized the platform's role in aligning with Fathom's servant-leadership philosophy. Agents can personalize their learning experience, track progress, and access training relevant to local real estate markets.
Fathom Holdings Inc. (Nasdaq: FTHM) announced its participation in two upcoming investor conferences in December 2021. Joshua Harley, Founder and CEO, and Marco Fregenal, President and CFO, will present at the Stephens Investment Conference on December 1 in Nashville, Tennessee, and will also conduct one-on-one meetings with investors. Additionally, Harley will attend the Roth Capital Partners Deer Valley Event on December 10 in Park City, Utah. The events will significantly enhance investor engagement for the technology-driven real estate services platform.
Fathom Realty, a subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), has welcomed the Woodhouse Group, adding approximately 50 agents in Idaho. This integration increases Fathom's agent count in the region to nearly 400, enhancing its market presence. The company aims to support agents through a flat-fee commission model and advanced technology. Additionally, Mary Smith has been appointed as District Director in Boise to further bolster agent growth and support. Fathom continues to expand its service offerings, including mortgage and title services, enhancing its competitive edge in the real estate market.
Fathom Holdings Inc. (Nasdaq: FTHM) has successfully closed its underwritten public offering of 1,750,000 shares, priced at $25.00 per share, resulting in net proceeds of approximately $32.7 million. The offering included 350,000 secondary shares and a 45-day option for underwriters to purchase up to an additional 15% of the shares. CEO Joshua Harley stated the funds will primarily be used for growth through acquisitions of smaller real estate brokerages, enhancing revenue per transaction, and investments in technology and marketing.
Fathom Holdings Inc. (Nasdaq: FTHM) announced a public offering of 1,750,000 shares at $25.00 per share, aiming to raise approximately $32.7 million in net proceeds after underwriting discounts. The offering includes 350,000 secondary shares and a 45-day option for underwriters to purchase an additional 15% of shares. Proceeds will support business growth, acquisitions, and general corporate purposes. The offering is set to close on November 22, 2021.
