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We have been working to create new technology features that simplify the mortgage process and reduce costs for both borrowers and lenders,” said Sonu Mittal, SVP and Head of Single-Family Acquisitions at Freddie Mac. The post Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers first appeared on The MortgagePoint.
In 2025, home purchasers and homeowners will design cozy, environmentally friendly, and climate-resilient homes by fusing the newest technology with vintage, rustic beauty. It is an indication that a feature is in demand and appealing to a buyer when it appears in an increasing percentage of listings.
In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson are joined by Zillow Group CEO Jeremy Wacksman for a deep dive conversation that covers the role of technology in real estate and Zillow’s “ Super App.” Wacksman: That’s the Zillow app for a buyer and a seller.
Once the process starts, nearly half of home buyers report shedding tears at some point. Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. Fortunately, home buying doesn’t have to remain confusing for new buyers. How much home can I afford?
Valon’s platform — the first of its kind to provide end-to-end mortgage servicing — was designed to boost efficiency and transparency for home buyers and sellers. Clever Real Estate also partners with Valon to match buyers and sellers with local real estate agents who offer cash rebates, commission discounts and other products.
A survey from mortgage technology firm Cloudvirga , conducted in September, gathered insights from more than 1,000 millennial and Gen Z respondents, the majority of whom were first-time buyers under the age of 40. Moskver expects that percentage to decrease over time as digital tools become more common.
Fintech software and hardware provider Mortgage Automation Technologies is launching The BIG Agent , a transaction management platform for real estate brokers and agents. Users can send documents to clients’ phones for e-signature tasks. “The The BIG Agent was developed to address complex issues arising from recent industry changes.
Beyond that, technology continues to evolve, yet those solutions do little to streamline processes and deliver actual returns. Professionals should also leverage technology to give clients the best experience for the biggest decision of their lives. But to execute at scale will require support from cutting-edge technology applications.
The survey questioned recent homeowners, the majority of whom were first-time buyers, a series of questions about their experience during the mortgage application and closing process, including their perceptions on the use of technology, artificial intelligence (AI), and automated communications. What Does the Future Hold?
Israeli startup eSelf AI has developed a technology that provides interactive AI real estate agents capable of answering questions and guiding prospective buyers through listings at any time. Porta da Frente Christies CEO Joo Clia told Fox Business that the firm has seen great results since live-testing the AI agent about a year ago.
Real estate technology company reAlpha Tech Corp. launched Claire, a generative artificial intelligence -powered, zero-commission buyers’ agent chatbot, the company announced on Wednesday. The tool helps match buyers with the ideal property while providing insights into market trends and property values.
Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. Bill Decker, MAXEX president and co-founder, highlighted Wallace’s expertise in mortgage technology as a valuable asset for the company. “The U.S.
The nationwide survey of nearly 900 prospective buyers found that searching for and virtually touring homes are the two most common uses of AI. The survey also revealed that 40% of prospective buyers interact with AI once a day or more. The survey showed that nearly 40% of buyers are using AI to both find and view homes.
With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. Traditionally, home sellers were also buyers, which kept the market moving.
Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. Teresa Reber, chief originations officer for The Loan Store, highlighted the company’s commitment to helping brokers close loans faster and improve the buyer experience.
Todays buyers need to be armed with information, while demonstrating patience and flexibility, in order to achieve their dream of homeownership. For lenders, this provides an opportunity to tap into technology and increase offerings that buyers indicate they want to see.
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.
The role of the buyer’s agent has been turned on its head and Lone Wolf Technologies wants to help. The real estate software company is launching a “Buyer’s Agent Club” that is designed to assist agents in navigating an uncertain time in the industry through resources, tools and training.
Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. “We’re always looking for ways to make the loan process smoother,” an ICE Mortgage Technology representative explained. Affordability is a major concern for many potential buyers.
Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. SmartSale allows homeowners to sell their homes through direct offers from buyers or an auction process.
Homes are still evolving in terms of technology and energy consumption, raising the need for accurate and efficient appraisals to help lenders approve mortgage loans with greater accuracy and efficiency. Only automation and technology can tackle this new demand effectively, and that’s where Jaro comes into play.
Here are 14 real estate trends Gen Z buyers won’t pass up. Smart home technology is not optional Gen Z marks the first generation of true digital natives. This group was raised on technology and expects their homes to be outfitted accordingly. Gen Z values diversity and inclusivity.
As a result, many potential buyers, along with current homeowners looking to refinance, are sitting tight in the hopes that rates will eventually drop. How your technology partner can help Having nimble technology is critical for capitalizing on market dynamics.
The August 17 deadline is looming, and many Realtors are gnashing their teeth over how they can share their seller’s offers of buyer broker compensation while still complying with the terms of the settlement. Bell approached real estate and mortgage firm Avenu Technologies with her challenge. From this, HomeKick was born.
HousingWire Editor in Chief Sarah Wheeler sat down with Sheila Reddy, CEO at Mosaik, to talk about how the company is leveraging their experience building technology solutions for healthcare to benefit real estate agents and homebuyers. Sarah Wheeler: What differentiates Mosaik’s technology?
In a lawsuit filed Thursday, real estate startup Homie Technologies claims that home seller consumers were not the only ones harmed by the real estate industry’s allegedly anticompetitive practices. Buyers using Homie would receive some or all of any BAC offered by the seller,” the complaint states.
But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli. High home prices, cited by 45% of respondents, were the most concerning factor among potential buyers, followed by rising mortgage rates at 25%.
Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. Indigo is a search platform that allows buyers to bid on agent-approved listings. The Home Checkout feature validates buyer offers before the transaction continues.
Lessinger said RE/MAX is continuing to focus on making it easier for agents to transact by leveraging different technology tools. Consumer expectations are rising and being the easiest to do business with requires technology that makes every single interaction just seamless and efficient.
According to a survey conducted by the WAV Group that was cited on stage by co-founder Marilyn Wilson, 55% of respondents believe MLSs are less valuable to real estate professionals now that offers of buyer broker compensation are no longer allowed to be shared there. “I They may also need to embrace new technology.
Home staging is your chance to transform a property into a home that buyers cant wait to get their hands on. Buyers want to be able to see how a home will work for them. The best home staging tips help you create a welcoming environment that will make buyers feel right at home. Why is home staging important?
Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.
It created a buyer representation certificate for agents. It also utilized technology tools and worked toward creating innovative solutions such as Buy & Borrow Bundle. Hanna said this led the company to revamp some of its agent education. of the loan amount) at settlement to use toward their closing costs.
Although the decision is ultimately highly personal and based on a buyer’s budget, needs, and preferences, there are a few things agents need to consider to help them make the best decisions. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.
Todays buyers need to be armed with information, while demonstrating patience and flexibility, [to] achieve their dream of homeownership. For lenders, this provides an opportunity to tap into technology and increase offerings that buyers indicate they want to see.
Roughly 10 months after it first announced the planned deal, CoStar Group said Friday that it has completed its acquisition of 3D digital mapping technology firm Matterport. CoStar paid $1.6 billion for the acquisition. ” According to a press release, Matterport has mapped more than 14 million spaces in 177 countries.
REcore , a software-as-a-service and data licensing solutions provider for multiple listing services (MLSs), has announced the launch of its new MLS Buyer Registry tool. According to the announcement, the product is designed to address potential issues regarding buyer and agent compliance with the newly mandated buyer agency agreements.
After rock-solid careers of their own, they decided to combine their skills and their shared passion to help Chinese home buyers, sellers and investors navigate Southern Californias competitive real estate market, Real President Sharran Srivatsaa said in a statement. Theyve set the gold standard for service to the Chinese community.
Homie Technologies’ bombshell antitrust lawsuit has one fewer defendant. While Homie sellers typically offered buyer agent compensation, the firm said these amounts were usually lower compared to offers by sellers working with traditional brokers.
“Compass empowers sellers to market their homes on their terms and gives buyers access to inventory unavailable elsewhere,” Leahy said in a statement. “This move allows me to focus on selling homes while leveraging technology to streamline operations and deliver the best results for my clients.”
Prospective buyers have been cautious because theyve seen homes sitting on the market and theyve heard interest rates and prices may drop. When the market isnt competitive, some buyers think they should wait for costs to go down, said Jordan Hammond, a Redfin Premier agent in Raleigh, NC. The market had 5.2 year-over-year.
Step 5: Leverage technology to streamline operations To scale effectively, you need systems that enhance efficiency and reduce manual work. Delegate buyer showings, paperwork, and routine tasks to your team members. Offer training, mentorship, and career development plans to support long-term success.
The race is on for brokerages to capture clients in an incredibly difficult housing market, and Compass believes a new technology offering will give it an advantage. For buyers, the platform has their preferences for a home and relevant listings, which include both Compass exclusives and those on the local MLS.
According to a recent study from Redfin , the technology-powered real estate brokerage, mortgage rates fell to a daily average of 6.34% on August 5, the lowest level since April 2023. Now a lot of those buyers want to get in now, before rates get too low and cause more competition,” said Redfin Premier agent Shoshana Godwin.
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