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CoreLogic announced on Thursday the launch of “ScanToSketch,” an augmented reality (AR)-based property measuring and sketching tool to create home appraisal reports. Developed using CoreLogic’s appraisal software brand “a la mode,” the tool has been used to complete roughly 20,000 property sketches.
The Arizona Regional Multiple Listing Service (ARMLS) announced a partnership with Lone Wolf Technologies that will give ARMLS subscribers access to a tool designed to give agents information to guide their clients through an uncertain market. ” This isn’t Lone Wolf’s first partnership with an MLS this year.
As the speed of technological innovation in our industry accelerates, partnering with Qualia will help us provide an improved experience for both our agents and our insureds, Carolyn Monroe, the president and CEO of Old Republic Title, said in a statement. We are just really excited for this partnership, Baker said.
Home price indices are valuable tools to help lenders understand trends and changes in the housing market. Data and analytics can also enhance a lender’s arsenal of tools in identifying risk and opportunity. The post How 2020 is still shaping the way lenders use data appeared first on HousingWire.
According to Clear Capital, the tool uses computer vision technology to highlight the right files automatically so underwriters can make more efficient and informed decisions. At the moment, the technology is being piloted internally. According to a recently published study by the U.S. Presented by: Accurate Group.
Paul Anastos has been on the forefront of innovation within the housing industry for over a decade, specializing in developing technology solutions and transforming businesses into industry powerhouses. The post 2020 HW Tech Trendsetter: Paul Anastos appeared first on HousingWire.
Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. Realtor.com pioneered climate risk data in 2020 as one of the first portals to include flood risk assessments on property listing pages.
As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgage technology to connect with consumers in new ways and grow their businesses. Having any extra tools is going to go a long way in protecting yourself,” he said.
Remote online notarization company ProperSign announced a new electronic signature tool called QuickSign, which offers both RON and eSign capabilities. Between the RON capability and QuickSign, professionals no longer have to shop for two different tools,” said Wyatt Long, ProperSign vice president.
For the last two years, Campbell has worked to select, implement and adopt more than 14 technologies for an end-to-end digital mortgage solution including an MOS, POS, and COS, collaborative operating system for BI data across all tools. The post 2020 HW Tech Trendsetter: Katherine Campbell appeared first on HousingWire.
Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. With the advances we’re seeing in Artificial Intelligence, Machine Learning and Robotic Process Automation, we have become experts at configuring our technology to meet the changing needs of lenders.
We’ve experienced the important role technology can play in helping homeowners access the tools and solutions their mortgage servicer is offering. We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”. HousingWire: ??Stavvy
Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending. Faries believes technology should enhance digital experiences for all project stakeholders. Sean Faries, CEO, Land Gorilla.
Based on analysis of Venture Scanner data, a report from the Deloitte Center for Financial Services predicts 2020 proptech funding could decline to $7.3 – $8.3 Technology-induced innovation is the ethos of the proptech industry. The post Proptech funding may see big dip in 2020 appeared first on HousingWire.
The portal features an OpenAI -powered tool enabling users to articulate their ideal property specifications, with the platform subsequently generating tailored listings to match these preferences. Founded in 2020 by former Zillow execs Greg Schwartz and Carey Armstrong, the mortgage startup has raised $110 million in funding to date.
Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. The post Staircase debuts tool to automate non-delegated mortgage insurance underwriting appeared first on HousingWire.
HousingWire recently spoke with Propertybase CEO Vance Loiselle about real estate tech and how the past year has accelerated the need for digital collaboration tools across the entire customer journey. HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space?
I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.
At the National Association for Hispanic Real Estate Professionals (NAHREP) L’Atitude conference on Friday, an AI expert showcased AI use cases for agents using tech tools that have improved by leaps and bounds this year — even in the last few days. And I was still blown away.
The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience. ” FinLocker raised roughly $20 million in 2020 in its Series A round ( TransUnion was one of its early backers ) and $2.25
Smart home technology — often in the form of a voice-activated virtual assistant that can automate devices in the home — can be a tool to facilitate aging in place. Having first compiled a “best-of” list of smart home devices for aging in place in 2020, The New York Times recently updated its list.
Last spring, the housing industry was forced to pivot its traditionally in-person processes and harness available technology resources amid the spread of COVID-19. Technology needs to support the business, not define how the business operates,” Crisenbery said. “We This interview has been lightly edited for length and clarity.
LBA Ware founder and CEO Lori Brewer is an accomplished entrepreneur and technology leader, having dedicated her career to developing innovative business process optimization tools for mortgage lenders. The post 2020 HW Tech Trendsetter: Lori Brewer appeared first on HousingWire. Lori Brewer, Founder and CEO, LBA Ware.
The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. That’s the highest share since August 2020, and up sequentially from 36% in March. The average interest rate for all loans was 3.48% in April 2020.
The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac. And they don’t know how to get started.”
As president and CEO, Donnellan ensures the delivery of top technology, data and customer service to Bright MLS’ subscribers. In March 2020, as COVID-19 spread across the U.S. In March 2020, as COVID-19 spread across the U.S. The post 2020 HW Tech Trendsetter: Brian Donnellan appeared first on HousingWire.
This acquisition furthers our long-term plan of developing a full-service commission-free homebuying and financing technology platform powered by our proprietary AI technology and dedicated professionals,” Brent Miller, chief financial officer of reAlpha, said in a prepared statement.
Based in Madison, Wisconsin, the team of eight had been affiliated with Keller Williams Realty Madison East since its debut in 2020. “We We are thrilled to be among the first teams to join Compass in Wisconsin,” Crim said in a statement. The team specializes in buyer and seller representation as well as new construction. It even ranked No.
Government sponsored enterprise Freddie Mac has approved mortgage technology company Truv for both payroll verifications and consumer-permissioned income. More than ever, lenders need robust, safe technology to lower their origination costs while reducing risks.
Pennymac Financial Services has made changes to its technology leadership, creating a new role focused on digital innovations, the company announced on Tuesday. He had a crucial leadership role in Pennymac’s mortgage fulfillment, production business technology and servicing divisions.
The beautiful and iconic Corcoran branding, paired with the marketing systems, seamless technology suite, and incredible network, is an ideal fit for our firm, aiding our agents to deliver an even higher level of care and support for both our new and repeat clients,” said Frank DeRonja, the founder of DeRonja Real Estate, in a statement.
Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox. LCA’s tagline is “exploring the science of real estate,” and you’ll find plenty of advice about technology here. The content ranges from inspirational/motivational posts to questions asked by members. Join Lab Coat Agents 2.
Similarly, many lenders are currently auditing their roster of vendors and technologies to optimize productivity and return on investment (ROI). Since peaking at $5,535 in Q3 2020, thanks to historically high production volume, the per-loan, pre-tax net production income for independent mortgage bankers (IMBs) has been falling.
Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.
But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.
HousingWire recently spoke with Michael Chew, SVP of Fulfillment, Asset/Rental Management at Consolidated Analytics , about REO assets, the economic factors influencing the increase in REO acquisitions and how technology can help with REO asset management. How has the foreclosure-related regulatory landscape changed since 2020 and 2021?
This tipping point came after several years of rapid technology growth in our industry. The trends we elaborated on two years ago, pre-COVID, are now the standard: Digital is the new normal and technology is now the price of entry rather than a competitive advantage. To them it’s just “a mortgage application.”.
“The experienced team behind Corcoran Prime provides a foundation that is poised for both growth and success when paired with Corcoran’s innovative tools, iconic branding, and world-class support systems.” ” Corcoran Prime, previously known as The Agency Inc. Realtors , was founded in 2014 by Jackson and Matt Lesher.
The technology integration enables lenders to obtain price quotes and order National MI’s real-time, risk-based mortgage insurance through its Rate GPS tool instantly without leaving the Vesta LOS platform. based private mortgage insurance company, a subsidiary of NMI Holdings, Inc.
Learn about the tools lenders should leverage to streamline home equity title and closing. billion during the first nine months of 2020. million in claims in the first three quarters of 2020. million in claims in the first three quarters of 2020. Presented by: ServiceLink. to $19 billion, compared to $13.3 of the market.
MLS Technology Holdings, LLC , a joint venture formed by four of the nation’s largest MLSs, has acquired real estate technology company Remine Inc., The MLSs stated that the collaboration came about out of a shared desire to further technological advancements in real estate through the acquisition of technology companies.
In order to have time available to invest in these activities, agents and their brokerages have employed a wide variety of technologytools that simplify and streamline managing client relationships and marketing, as well as platforms that help agents manage documents and track transactions through the closing process.
How 2020 exposed a greater need for collaboration between real estate agents and LOs. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. In response to a lawsuit over the accuracy of the Zestimate, Zillow in 2017 said the tool was within 5% of the sale price 53.9%
Aqil Ahmed: The year 2020 was an unprecedented one, with the global pandemic and economic uncertainty impacting each of us in one way or another. HW: How and why has appraisal management technology evolved over the past year? AA: The past year saw a rapid evolution in appraisal management technology. HW: What is the No.
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