Rate and Compass Merge Joint Ventures

Rate and Compass have combined their joint ventures into a new venture with Rate holding a majority share.

Updated on Nov. 3, 2026 in Residential

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Rate and Compass have merged their joint ventures into a new joint venture, with Dave Dickey and James Elliott serving as co-presidents. The combined entity follows Compass's alliance with Redfin announced last year.

Why it matters

The venture aims to link mortgage lending with a large brokerage network, with projected volume ranging from $17.7 billion to $30 billion annually. For U.S. homebuyers and sellers, the integration could shape how financing and agent services are bundled in residential transactions.

Compass's owned-brokerage network includes more than 80,000 real estate professionals, and Coldwell Banker and Compass together represent over 200,000 buy-side purchase transactions. Rate projects $4.5 billion to $10 billion in incremental volume if it captures 10% to 20% of partner buy-side transactions, though the capture rate is not yet confirmed.

The players

Rate

Rate is a U.S. mortgage lender that retains a $50 billion mortgage servicing rights book and will hold a majority share in the new joint venture.

Compass

Compass is a U.S. residential real estate brokerage whose owned-brokerage network includes more than 80,000 real estate professionals.

Dave Dickey

Dave Dickey is a co-president of the new joint venture formed by Rate and Compass.

James Elliott

James Elliott is a co-president of the new joint venture formed by Rate and Compass.

The details

Rate and Compass spent six months integrating the joint ventures. Loan officers at Guaranteed Affinity who work with Coldwell Banker will work with Compass agents, while OriginPoint-Compass loan officers will serve other Compass brands including Coldwell Banker, @properties, Sotheby's, and Corcoran.

Over the past six months, Rate and Compass integrated the joint ventures.
Last year, Compass announced its alliance with Redfin.

Market Landscape

The merger follows Compass's alliance with Redfin announced last year, which included display of Compass Coming Soon listings. Together these moves show brokerages pairing listing exposure with in-house mortgage lending.

For homebuyers, the venture could mean that mortgage officers and listing agents work within the same company network, with OriginPoint customers able to close on a home in as few as 10 days. Buyers using Coldwell Banker or other Compass brands may be routed to loan officers within the new structure.

The takeaway

Homebuyers comparing financing options should ask whether a brokerage's affiliated lender is required or optional, since the new venture bundles mortgage and agent services. Reviewing loan offers from multiple lenders remains the most reliable way to compare costs.