ReAlpha Acquires GTG To Boost Mortgage Operations With AI-driven Real Estate Platform

(RTTNews) - reAlpha Tech Corp. (AIRE), a real estate technology company developing and commercializing AI technologies, Monday announced that it has acquired GTG Financial, a mortgage brokerage. The financial terms were not disclosed.

GTG Financial was founded by Glenn Groves, a U.S. Marine veteran and operates in seven states, including California, expanding reAlpha's reach to 28 states and enhancing its operations.

Acquiring GTG Financial strengthens reAlpha's mortgage operations and improves home financing within its AI-driven real estate platform. ReAlpha aims to boost operations, streamline loan processing, and offer mortgage and refinancing services more efficiently.

GTG Financial will keep its brand and continue under founder Glenn Groves' leadership while using reAlpha's resources and AI platform to improve loan processing and simplify home financing.

In the pre-market trading, reAlpha Tech is 0.54% higher at $1.85 on the Nasdaq.