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Artificial intelligence (AI), predictive underwriting , and blockchain technology are becoming more common in todays real estate industry. Fortunately, information technology company Mortiles brings comprehensive solutions to the ever-changing title insurance, escrow and settlement arena. We invested close to $1.5
The Home Depot Foundation — the philanthropic arm of the home improvement retail conglomerate — announced that it is investing $10 million for the purpose of enabling older military veterans to age in place in their homes. The new commitment furthers the foundation’s stated goal of reaching $750 million in investment activity.
Technology platform Figure , which powers a liquid, blockchain-based marketplace for financial products, and global investment firm Sixth Street today announced the formation of a new joint venture vehicle in which Sixth Streets asset-based finance platform has committed to invest $200M of equity.
The investment — which is going to SERHANT. Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE. Through our best-in-class technology and creative approach and solutions, we are expanding at an unprecedented rate,” Serhant said in a statement.
Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector.
Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian. Stone Point, a large asset manager, has a track record of putting companies it invests heavily in on a path toward an initial public offering.
During the conversation, Velt and Elfman discuss the delicate art of balancing technology and artificial intelligence (AI) usage with developing client relationships. Tracey Velt: What overarching technology trends have you seen among real estate agents and brokers? How is MoxiWorks easing people into adopting a technology?
The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon to $230 million since its launch in 2019. Josh Dart, a WestCap partner and Valon board member, echoed Wang’s statement.
Splitero , a San Diego-based fintech provider of home equity investments (HEIs), is continuing its growth this year. According to a report from ICE Mortgage Technology , the average homeowner has $319,000 of equity and $207,000 of that is considered tappable, meaning that it can be accessed while retaining a 20% equity cushion.
As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. It was already available in the states of Arizona, California, Colorado, Oregon, Utah and Washington.
State Farm Ventures , the investment arm of State Farm , has made a strategic investment in digital identity verification provider Proof. The investment aims to advance Proofs technology to combat identity fraud and automate traditionally paper-intensive business processes. An amount for the investment was not disclosed.
In an environment where technology is increasingly becoming a recruitment tool for brokerages, eXp Realty has partnered with a data provider in an effort to give its agents an advantage over the competition. We already had a great working relationship and we’re excited to take it to the next level with a formal strategic relationship.”
By keeping your P&L lean and efficient, you can reinvest savings into growth-focused activities like marketing, agent development or technology upgrades—all of which drive long-term success. Leverage advanced technology to maximize efficiency The right tech tools can transform your business’s productivity and help you scale effectively.
The New York-based digital homeownership platform saw its revenue take a dip as it continues to invest in artificial intelligence (AI) and build out its retail channel. million in cash, restricted cash, short-term investments and self-funded loans. “We The company’s earnings release noted a nonrecurring gain of $5.5
Customer engagement platform Total Expert is launching a marketplace this week for financial institutions to build their marketing technology stack. ” “For us, it’s impossible to build every piece of technology that our customers need. That is not our model,” Welu said.
We recommend investing in three key aspects of your customer acquisition strategy to ensure you have the technology, people and operational workflows needed as rates change and volumes increase. How your technology partner can help Having nimble technology is critical for capitalizing on market dynamics.
With an eye toward the future, Thompson shared his insights on economic trends, budgeting strategies, and the pivotal role of data and technology in shaping the housing landscape. HousingWire: As a finance exec, how do you approach budgeting in a market where cost pressures, compliance demands, and technologyinvestments are all increasing?
Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology. Providing guidance and support during this process will be crucial for servicers in 2025.
Mason highlights the critical role of data, the potential of AI, and the importance of balancing cutting-edge technology with human expertise and much more. To embrace AI’s full potential, servicers need clean, verified data and technologies that provide data accuracy and continuity.
Real estate investments have long been a key pathway to wealth in the U.S. Among the variety of investment opportunities within the sector, rental properties have been in the spotlight as a steady income source. The strength of the U.S.
The $15 million investment announced Wednesday from private equity firm LL Funds will help Evernest build a home services platform focused on rental property owners. We’re excited about combining the two companies local property management operations and robust technology products.
Tim Bowler, President of ICE Mortgage Technology, has a clear, specific vision for the future of ICE Mortgage Technology and the mortgage industry. We are committed to making the dream of homeownership a reality for more Americans and helping achieve this through user-friendly technology. Tim Bowler: Absolutely.
California-based mortgage tech firm Blend Labs , which has pursued non-GAAP profitability since it went public in 2021 , announced a $150 million investment on Monday from private equity firm Haveli Investments. Blend will use $145 million of the proceeds to repay existing credit agreements.
Radian Group announced a strategic investment in FinLocker that will closely connect the technology between Radian’s Homegenius platform and FinLocker’s financial fitness and homeownership platform. Terms of the deal were not disclosed. FinLocker also does both of those things,” said Radian’s CEO Rick Thornberry. “As
Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Read on to learn more about Dark Matter Technologies’ plan for mortgage. Gagliano : We believe strongly in technology.
According to a TD Bank survey , industry professionals expect declining property values to spur renewed investment in the sector this year. The survey, which gathered insights from more than 200 CRE professionals, found that 76% believe dropping commercial property values will drive increased investment in 2025.
Mortgage infrastructure provider Pylon received a minority strategic investment from Citi and closed a deal to sell mortgages on its platform through the bank’s mortgage trading desk, the parties announced on Tuesday. Citi is investing in the company through Citi Ventures and the Spread Products InvestmentTechnologies unit, dubbed SPRINT.
CoreLogic’s investment in Araya reflects its vision to make an impact, delivering the critical property, portfolio and market insights that empower professionals to make confident, informed decisions in the $40+ trillion U.S. Climate resilience is also at the top of Araya’s feature list.
Pretium is a real estate investment firm that focuses on single-family rental (SFR), build-to-rent (BTR) and fix-and-flip properties. Mullen explains that in the 1980s, investment firms focused on securitizing small assets to make them available for institutional investors. Mullen shares that the company raised $1.5
Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As
real estate investors are planning to grow their portfolios and invest significantly in property improvements in 2025, according to a new survey from property management software provider RentRedi. Ryan Barone, RentRedis co-founder and CEO, said that landlords are increasingly seeking efficiency through technology. A majority of U.S.
ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In
three-fourths of business leaders said they were planning to escalate their AI investments as they continue to see positive strides in customer service functionality. As AI technology advances and new tech is implemented into day-to-day operations, management must weigh cost-effectiveness vs. onboarding. What Does the Future Hold?
Editor in Chief Sarah Wheeler sat down with Scott Smith, interim CEO at Optimal Blue , to talk about the right tech investments to make now and how the company plans on keeping its customers for life. We have a pretty strong investment being part of Constellation Software now. Sarah Wheeler: What differentiates your tech? 1 provider.
He has been a key driver of our numerous technologyinvestments to digitize the industry. Our industry software offerings are unmatched and we will continue to invest in new solutions that help modernize the real estate experience through Zillow’s housing super app,” Choo said in a statement.
ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. ” With its unique mix of efficiency, innovation, and market reach, ICE Mortgage Technology is taking the next (what seems to be inevitable and necessary) step into modernizing lending.
As she reflects on her role in steering Anywhere through a challenging housing market , Simonelli shares insights into financial strategy, technological innovation, and her optimism for the future of real estate.
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.
However, they were split on how comfortable they are with this technology becoming a part of everyday life, with 31% more concerned than excited, 29% more excited than concerned and 28% equally excited and concerned. The survey also revealed that 40% of prospective buyers interact with AI once a day or more.
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. Looking ahead, the companies said they are committed to further investments in artificial intelligence , computer vision and machine learning. CoStar paid $1.6
Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments. The annual investment volume in the U.S.
Real credited its technology offerings and business model for the explosive growth in agents. Net cash provided by operating activities a measure of how the business is performing outside of investing and financing activities was $48.7 Real CEO Tamir Poleg also provided an update on the companys technology offerings.
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