Unprecedented visibility into the mortgage process to provide certainty and ensure a world-class experience for both the home buyer and their agent
DETROIT, Oct. 12, 2020 /PRNewswire/ — Rocket Companies (NYSE: RKT) today launched “Rocket Pro Insight”, a new technology platform providing real estate agents real-time updates on the status of their clients’ mortgages. Through both a website and mobile app, real estate professionals will have transparency into the loan experience. They are now able to see where each loan is in the process, the terms of their clients’ loans, if additional documentation is needed and when it will close.
“Our team is constantly leveraging the power of technology to streamline and simplify the mortgage process. Rocket Pro Insight is the latest innovation in a long line of FinTech tools we have created to improve the experience and give added confidence to our clients and their partners,” said Jay
Technavio has been monitoring the global real estate software market size and it is poised to grow by USD 3,825.16 billion during 2020-2024, progressing at a CAGR of about 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005071/en/
Technavio has announced its latest market research report titled Global Real Estate Software Market 2020-2024 (Graphic: Business Wire).
Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., LanTrax Inc., Oracle Corp., SAP SE, and
That was the hot take this week from Chris Herd, founder and CEO of remote work setup startup Firstbase. After speaking with about 1,000 companies over the past six months, he estimates that many will be cutting their office space by as much as 40% to 60%. About 90% of workforces indicated that they “never want to be in an office again full-time,” he wrote.
The latest example of the trend is the news this morning that working from home will be a permanent part of the mix at Microsoft. Boosting access to talent, reducing costs, and quality of life were among the benefits of remote work cited by companies in Herd’s informal survey.
“Good thread on the future of work. I agree with him,” former Zillow Group CEO Spencer Rascoff chimed in
Opendoor recently became publicly traded through a merger with the SPAC, Social Capital Hedosophia Holdings II (NYSE: IPOB). In my opinion, IPOB, and Opendoor by extension, offers an excellent play on the disruption of the real estate industry. Opendoor has demonstrated product-market fit, improving unit economics, and a business model that can scale at a high growth rate.
The company’s sales grew ~150% yoy in 2019, and while the pandemic has led to a major contraction in home sales in the past quarter, the overall housing market appears to have mostly recovered to pre-pandemic activity as of August. Given the SPAC merger and other private funding, Opendoor has accumulated enough financial ammunition to continue tackling their proclaimed trillion-dollar market opportunity with some vigour. The company has the potential to become the dominant marketplace for house sales throughout the country and is worth an investment at the
A real estate company has opened a new support center in Lower Paxton Township.
Coldwell Banker Residential Brokerage has opened the new center at 75 Shannon Road.
The new facility opened in August and relocated from Linglestown Road in Lower Paxton Township. The office features flat screen televisions, online transaction management systems, an on-site education center and more. The location will also enable training sessions to be broadcast to agents remotely.
“Agents have always served the communities in which they reside, and this location will allow us to better serve the agents who live and work in the Harrisburg region,” Tricia Como, sales director for the Harrisburg-area office said in a press release. “The agents in Harrisburg now have access to a high-tech, safe facility where they can receive focused administrative assistance, access to technology support and education.”
The office supports approximately 200 real estate agents.
New York-based real estate brokerage and tech company Compass will acquire Modus, a Seattle startup that automates the title and escrow phase of closing on a home.
Compass plans to integrate Modus’ software into its tech-fueled platform used by more than 18,000 real estate agents across 165-plus U.S. cities. The Modus brand will continue to exist and its 60-plus employee team will join Compass, which employs more than 2,000 people.
Founded in 2018, Modus digitizes the home closing process. Last year it raised a $12.5 million round co-led by NFX and Felicis Ventures. Other backers include Liquid 2 Ventures; Mucker Capital; Hustle Fund; 500 Startups; Rambleside; and Cascadia Ventures. The company has raised $14 million to date.
“Compass’s customer-first approach is right in line with the way we think about our business – since day one we have
Appoints industrial Real Estate professional Andre Ciani as Director of Acquisitions.
ALTO Real Estate Funds is welcoming Andre Ciani, to ALTO’s team as Director of Acquisitions. Prior to ALTO, Mr. Ciani worked for 8 years at Berkeley Partners, a San Francisco-based Real Estate private equity firm that focuses on acquiring and managing industrial assets across the United States. While at Berkeley, Mr. Ciani helped the company increase its AUM from $50M to $1B, developing extensive experience in acquisitions, financing, asset management, leasing, and dispositions. Mr. Ciani holds a BA in Economics Magna Cum Laude from Columbia University. Andre’s strong track record coupled with an extensive understanding of the US Real Estate industrial market and deep industry relationships will help steer ALTO’s Acquisition portfolio towards acquiring industrial properties in addition to open-air shopping centers. Mr. Ciani will be based in Miami, FL.
The coronavirus hit to office space will surpass the financial crisis, with a net loss of up to 95 million square feet of unoccupied real estate from Q2 2020 to Q3 2021, according to a new forecast from Cushman & Wakefield.
The steepest level of vacancies will occur in the U.S., Canada and European countries in the coming years at a net negative level of over 200 million square feet.
The number of permanent remote workers, and hybrid workers, will increase over time, but population and economic growth, as well as concentration in knowledge-based work, should lead to a full recovery in the next decade.
The coronavirus remote work experiment will become a permanent trend, but at some point, employees will return to the office in numbers that match the past. When? It could take
The real estate technology venture and home improvement marketplace announced plans in July to become publicly traded through a merger that values the Seattle company at $523 million. Porch will combine with PropTech Acquisition Corp., a special purpose acquisition company, or SPAC.
The board members will join on Porch’s first day of public trading. They include:
Javier Saade, founder and managing partner of Impact Master Holdings; venture partner at Fenway Summer Ventures; former associate administrator of the U.S. Small Business Administration.
Chris Terrill, former CEO of HomeAdvisor and Angie’s List; board member of Realogy Holdings Corp. and Infogroup.
Regi Vengalil, CFO of Egencia (Expedia’s corporate travel division); former global head of corporate development and strategy at Expedia Group. He will serve as
When the Covid-19 pandemic is over, offices will still be used—but differently. Companies and their employees will have more options, and thus diversity of locations and uses will dominate the business world.
We have learned about possibilities that we didn’t imagine in 2019, the good old days. Remote work has proved to be far more viable than we realized, even in the eyes of last year’s greatest skeptics of “work from home.” (An earlier article explored the implications of this for residential real estate.)
But many business leaders also lament the loss of face-to-face meetings. Remote communications works best with occasional real live conversations. That’s true both for one-on-one relations as well as small group meetings. The