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Corporation
FINANCIAL | Real Estate / Residential Real Estate Brokerage
kw.com

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Investments

1

Portfolio Exits

1

Partners & Customers

10

About Keller Williams Realty

Keller Williams Realty is an international franchiser of residential real estate brokerages.

Keller Williams Realty Headquarter Location

1221 South Mopac Expressway Suite 400

Austin, Texas, 78746,

United States

512-327-3070

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Keller Williams Realty Web Traffic

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Page Views per Million (PVPM)
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Keller Williams Realty Rank

Latest Keller Williams Realty News

Keller Mortgage lays off 150 new employees following hiring spree

Oct 13, 2021

Keller Mortgage lays off 150 new employees following hiring spree Keller Mortgage lays off 150 new employees following hiring spree After nearly doubling the company's payroll to 1,000 employees, Keller Williams' lending arm has laid off 150 new recruits — close to one-third of its recent hires Reza Estakhrian/Getty Images. From: After going on a hiring spree and nearly doubling the company’s payroll to 1,000 employees in less than a year, Keller Williams’ lending arm, Keller Mortgage, has laid off 150 new recruits — close to one-third of its recent hires. The 150 workers who were laid off held “junior roles,” and were “part of a program created about a year ago to support efficiency and talent development,” said Carl Liebert, CEO of Keller Mortgage’s parent company, KWx, in an internal company email obtained by Inman. Liebert said the program “was a way to support significant anticipated business volume and cultivate talent within Keller Mortgage,” with a goal of developing “a pipeline of future experts who would be trained for more independent and specific roles in mortgage fulfillment, like processing, underwriting and closing.” But a recent evaluation of the program, “found it was not having the intended impact on the client experience or the anticipated success for the team members and those in more senior roles who were guiding them,” Liebert said. Many mortgage lenders who staffed up to handle last year’s refinancing boom could be facing similar decisions as interest rates rise and refi business dries up . But Keller Mortgage, as the lending arm of the nation’s largest real estate franchisor by agent count, does most of its business providing purchase mortgages to homebuyers. Of the approximately $5.63 billion in home loans originated by Keller Mortgage in 2020, 69 percent of that volume was in purchase loans, according to an analysis of Home Mortgage Disclosure Act data by iEmergent. So when Keller Mortgage started rapidly scaling up its workforce last summer, the company may have been anticipating growth in purchase mortgage lending that hasn’t fully materialized. Investing in workers ‘for the long haul’ Although Keller Mortgage is based in Dublin, Ohio, most of the openings were for remote workers — adding to the appeal for some home-bound job seekers. A Sept. 28, 2020 tweet promised, “At Keller Mortgage we want to invest in YOU — not just while interest rates are low but for the long haul. We value longevity & are excited to continue to grow our team!” Several posts highlighted Keller Mortgage’s ties to Keller Williams, and the potential business that could generate for loan officers. Keller Mortgage’s ZeroPlus loan program waives lender fees for homebuyers represented by Keller Williams agents, and provides a discounted rate and $1,000 closing credit. “Our relationship with Keller Williams Realtors (@kwri) has continued to increase, which means we have more qualified leads than ever — so we need to hire more Loan Officers!” Keller Mortgage recruiters tweeted on Nov. 18, 2020 . “Reach out today to learn how you can join the Keller Mortgage Family!” As the spring 2021 homebuying season picked up steam, so did Keller Mortgage’s recruitment efforts. “Are you looking for a job in the mortgage industry where YOU can help someone get into their dream home?” @KellerMRecruits tweeted on March 30 . “Head over to the careers page in our bio or DM us to learn more about these opportunities.” Over on LinkedIn, a Keller Mortgage talent acquisition specialist posted in May 2021 that she was, “Humbled to announce Keller Mortgage has reached 1,000 employees – DOUBLED in size since June 2020 at 530 employees. Hats off to each of my teammates on this milestone!! Join the Keller Mortgage family!” But the tweets from Keller Mortgage recruiters had already begun to slow to a trickle, before ending in May. The Keller Mortgage talent acquisition specialist who posted on LinkedIn in May was laid off in July, according to her bio. Today, Keller Mortgage lists nine job openings on Lever , in finance, HR, analytics, and risk management. There are no openings for mortgage originators, underwriters, or processors. ‘They just grew faster than there was work for’ “You could tell by the volume of work that was out there, that there was not enough to go around,” a former Keller Mortgage employee told Inman. “I think they just grew faster than there was work for.” Before the layoffs were announced last week, the former employee said, the recent departure of two supervisors in the underwriting department “had a big impact on morale.” But the layoffs came as a surprise, the former Keller Mortgage employee said. About three weeks ago, after a meeting of executive leadership with the underwriting team, “We were told everything was fine. Multiple people said, ‘Don’t worry, your jobs are safe.’ ” Two weeks ago, underwriting supervisors heard the same thing from management, the former employee said. But last week, the affected employees and their colleagues were informed of the layoffs. “My personal opinion is there are deeper problems … they’re still overstaffed, by a lot,” the former Keller Mortgage employee said. “I think they have other plans to grow the business that are not currently producing the volume that is needed.” “When we make really tough decisions that affect people, it doesn’t come without serious consideration and contemplation,” the email to Keller Mortgage employees said. “This decision was difficult for everyone, because it involved people — their jobs, careers and lives. We don’t take that responsibility lightly.” “We offered severance benefits to make this transition as smooth as possible,” KWx spokesman Darryl Frost said in an email sent to Inman on Wednesday. “We are also helping affected employees pursue new career opportunities within our Keller Williams ecosystem.” Liebert has said his first job as KWx CEO is to pull all of the Keller Williams brands — Keller Williams Realty, Keller Williams Worldwide, Keller Offers, Keller Mortgage, and Keller Covered — into the newly-created holding company’s structure. Once that’s accomplished, many observers say KWx will be in a better position for an initial public offering, should the company choose to go that route. In reporting second quarter results , Keller Williams said it grew by 4,277 real estate agents worldwide, and that its agents in the U.S. and Canada closed $145.3 billion in sales volume, up 70.3 percent from the same quarter a year ago. But the company provided no information about Keller Mortgage’s performance. If Keller Williams agents preferred to send their homebuyer clients to other lenders, Keller Mortgage would have been hard pressed to equal that growth.

Keller Williams Realty Investments

1 Investments

Keller Williams Realty has made 1 investments. Their latest investment was in Conversion Monster as part of their Biz Plan Competition on December 12, 2019.

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Keller Williams Realty Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/11/2019

Biz Plan Competition

Conversion Monster

$0.01M

Yes

1

Date

12/11/2019

Round

Biz Plan Competition

Company

Conversion Monster

Amount

$0.01M

New?

Yes

Co-Investors

Sources

1

Keller Williams Realty Portfolio Exits

1 Portfolio Exit

Keller Williams Realty has 1 portfolio exit. Their latest portfolio exit was Keller Williams Realty - Pacific Northwest on December 06, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/6/2019

Divestiture

1

Date

12/6/2019

Exit

Divestiture

Companies

Valuation

Acquirer

Sources

1

Keller Williams Realty Acquisitions

2 Acquisitions

Keller Williams Realty acquired 2 companies. Their latest acquisition was Smarter Agent on September 05, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/5/2018

Acquired

$18M

Acquired

1

12/3/2016

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$99M

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10

Date

9/5/2018

12/3/2016

Investment Stage

Acquired

Companies

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Valuation

Total Funding

$18M

$99M

Note

Acquired

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Sources

1

10

Keller Williams Realty Partners & Customers

10 Partners and customers

Keller Williams Realty has 10 strategic partners and customers. Keller Williams Realty recently partnered with Meta on April 4, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

4/10/2020

Partner

Meta

United States

Keller Williams executive on taking virtual open houses from ‘novelty to norm’

Today , with shelter-in-place orders across the country , virtual home tours are becoming the new normal and Keller Williams , through a long-standing partnership with Facebook , is leaning on virtual tours and open houses .

1

7/17/2019

Licensor

DocuSign

United States

Keller Williams Welcomes DocuSign to the Keller Cloud

Through the partnership , KW will integrate the capabilities of DocuSign 's Rooms for Real Estate platform into Command , a smart CRM-plus suite of apps hosted on the Keller Cloud .

3

10/11/2018

Client

Nextdoor

United States

Keller Williams Expands to Ireland [..]. Keller Williams Reports Year-End Results [..]. Keller Williams Welcomes Market Leader to the Keller Cloud [..]. Keller Williams Named Among Fast Company's Most Innovative Companies [..]. Press Release - Keller WIlliams Latest Kelle Skill Taps Nextdoor's Insights to Empower Agents

`` This partnership not only puts Nextdoor 's unique hyper-local insights at the fingertips of Keller Williams Realty , Inc. agents but also provides a natural way for agents to provide true value for neighbors by engaging in real-time neighborhood chatter on real estate through our neighborhood sponsorship program , '' said Nemeth .

3

9/13/2018

Vendor

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10

9/6/2018

Partner

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10

Date

4/10/2020

7/17/2019

10/11/2018

9/13/2018

9/6/2018

Type

Partner

Licensor

Client

Vendor

Partner

Business Partner

Meta

DocuSign

Nextdoor

Country

United States

United States

United States

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News Snippet

Keller Williams executive on taking virtual open houses from ‘novelty to norm’

Today , with shelter-in-place orders across the country , virtual home tours are becoming the new normal and Keller Williams , through a long-standing partnership with Facebook , is leaning on virtual tours and open houses .

Keller Williams Welcomes DocuSign to the Keller Cloud

Through the partnership , KW will integrate the capabilities of DocuSign 's Rooms for Real Estate platform into Command , a smart CRM-plus suite of apps hosted on the Keller Cloud .

Keller Williams Expands to Ireland [..]. Keller Williams Reports Year-End Results [..]. Keller Williams Welcomes Market Leader to the Keller Cloud [..]. Keller Williams Named Among Fast Company's Most Innovative Companies [..]. Press Release - Keller WIlliams Latest Kelle Skill Taps Nextdoor's Insights to Empower Agents

`` This partnership not only puts Nextdoor 's unique hyper-local insights at the fingertips of Keller Williams Realty , Inc. agents but also provides a natural way for agents to provide true value for neighbors by engaging in real-time neighborhood chatter on real estate through our neighborhood sponsorship program , '' said Nemeth .

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Sources

1

3

3

10

10

Keller Williams Realty Team

10 Team Members

Keller Williams Realty has 10 team members, including current Chief Executive Officer, Matthew Miale.

Name

Work History

Title

Status

Matthew Miale

Chief Executive Officer

Current

Chris Heller

Chief Executive Officer, President

Former

Jen Lampe

John L. Scott Real Estate

Chief Executive Officer

Former

Mike Simon

Century 21 Real Estate, and Realogy Holdings

Chief Executive Officer

Former

Anthony Azar

President

Former

Name

Matthew Miale

Chris Heller

Jen Lampe

Mike Simon

Anthony Azar

Work History

John L. Scott Real Estate

Century 21 Real Estate, and Realogy Holdings

Title

Chief Executive Officer

Chief Executive Officer, President

Chief Executive Officer

Chief Executive Officer

President

Status

Current

Former

Former

Former

Former

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