The agency launches the mortgage brokerage Aclara Lending

Whether it's refining your business model, mastering new technologies or discovering strategies to capitalize on the next market push, Inman Connect New York prepares you to take bold steps forward. The next chapter is about to begin. Be there. Join us and thousands of real estate guides January 22-24, 2025.

Luxury real estate company The Agency has expanded its mortgage offerings with the launch of its first nationwide mortgage brokerage through a partnership with mortgage servicer Barrett Financial Group, the company has announced to Inman.

The new mortgage company is called Aclara Lending and will give the agency's customers access to mortgage services in 49 states.

Take the INMAN INTEL INDEX SURVEY FOR SEPTEMBER

Aclara Lending specializes in financing home purchases and offers a range of mortgage products from approximately 140 wholesale lenders, including traditional loans, jumbo, super jumbo and non-QM (non-qualified mortgages) products.

The new partnership will also provide mortgage education opportunities for real estate agents, such as updates on industry news and rates, as well as new products.

“This represents a new era in real estate and mortgage services,” Trevor Barrett, founder and president of Barrett Financial Group, said in a statement. “Together, we are setting a new standard for luxury home buying by offering our customers not only tailored lending solutions, but also a seamless, integrated experience that supports them throughout their entire journey – from initial search to closing.”

The mortgage provider's technology includes an automated one-click underwriting system that allows lenders to quickly compare Desktop Underwriter (DU) and Loan Product Advisor (LPA) side-by-side for an efficient underwriting process that helps loan officers helps choose the best solution for customers.

The Company's Doc-Less technology also enables instant verification of income and assets, and a single credit pull option allows pre-qualification for a mortgage with a soft credit check from one or more credit reporting agencies, thereby delaying credit inquiries. Additionally, each lending partner has a dedicated Aclara Lending account manager who helps provide tailored solutions and fast pricing to each customer.

Burke Smith | The agency

“This partnership marks a pivotal moment in our journey, bringing together a comprehensive suite of mortgage solutions with a strong focus on broker empowerment,” Burke Smith, executive vice president of affiliates at The Agency, said in a statement.

“We are excited to not only expand the resources available to our agents and customers, but also reinforce our commitment to excellence and innovation in the industry. We are proud to be at the forefront of providing our partners with unmatched support and growth opportunities by providing a complete ecosystem of best-in-class settlement services.”

The new mortgage company is launching in Southern California and plans to expand nationwide in the near future.

In addition to home buying and selling services and mortgage loans, the agency also offers its customers moving, escrow, inspection, insurance, warranty and other services by working with various providers.

The agency first launched mortgage and other ancillary services in late 2022 through a partnership with CrossCountry Mortgage and other providers including Choice Home Warranty and home inspection company Pillar to Post. The partnership with CrossCountry Mortgage has come to an end after the company launched its new partnership with Barrett Financial Group.

The agency currently has around 120 offices in 12 countries.

Get Inmans Luxury Lenses Newsletter delivered straight to your inbox. Every Friday, a weekly deep dive into the most important news from the world of high-end real estate. Click here to register.

Email Lillian Dickerson