Built for and by real estate industry experts, Value Connect makes the real estate appraisal process better and easier for mortgage lenders, appraisers, brokers and their clients. Since Value Connect was launched in 2015, the core idea behind the Ontario, Canada-based company’s process has been simple: Eliminate mortgage planners from choosing their appraiser, thus ensuring independent, unbiased and fair reports. While that might not sound like a good thing for loan originators, it actually couldn’t be more ideal. Here’s why: The Value Connect platform anonymously connects lenders — as well as brokers and underwriters — with experienced, accredited expert appraisers who possess a keen understanding of the local market.
Tired of dealing with appraisal fee changes, missed deadlines, incomplete appraisal reports and the challenges of partnering with out-of-town appraisers? Value Connect eliminates all of these. Value Connect’s appraisal reports include property photos, graphs and a streamlined flow of information. Report accuracy is at a premium, thanks to built-in validation tools that ensure that all information critical to the report has been considered. To close on a loan, simply order a Smart Appraisal Report from Value Connect. Average turnaround time for a report is just three business days — and it may be faster. Equally beneficial is the level of detail in every Value Connect report, which offers more in-depth and consistent information than a mortgage planner has probably ever experienced. The customer service team with Value Connect is also available to carefully guide clients through the process and answer any questions or future questions. Following are the four main reasons why loan originators appreciate Value Connect’s Smart Appraisal Reports:
- Ordering is super-easy and can be done through a mobile device.
- A long as an accurate report order is placed, the appraisal fee will never change.
- Expertise is guaranteed — and in less time.
- Updates are readily available.
Here’s how the process works:
- Fill out a Smart Order. Once completed, Value Connect will provide a quote within seconds and an account representative will be there to provide step-by-step guidance.
- Once the appraiser receives the order and completes the appraisal, he or she will submit a detailed report using Value Connect’s intuitive software.
- Finally, receive an online appraisal report that includes photos, video (where available) and audio commentary pertaining to the newly appraised home.
With an increase in industry demand for targeting and scale, the ability to harness customers’ insights and turn data into effective action is pivotal to the success of any business. Not only will customer knowledge help you better shape products and services; it will potentially save you mounds of money misspent on unqualified leads and poor strategies. Infutor Data Solutions Inc. offers solutions aimed at creating personalized engagement and delivering more relevant, timely campaigns. Infutor maintains a data repository named Identity Graph that assembles consumer identities, profile attributes and intelligence to aid businesses in driving conversions and making informed decisions. Headquartered in Oakbrook Terrace, Illinois, Infutor provides solutions stretching from identity recognition and ID cloud services to data licensing and cleansing. Here’s a breakdown of some of Infutor’s key features:
Identity Verification, Scoring and Updating
Inbound inquiries are enhanced, completed and updated with contact details and actionable attributes that may include demographics, buying power, housing and automobile ownership, and lifestyles. These data elements are then given a score from 0 to 100, according to accuracy.
ID Cloud allows for easy, on-demand data hosting and monitoring in a secure domain. If your customers move, change phone numbers or add email addresses, you will know how to reach them. Multiple entries for one customer are linked to a single identity profile with the most up-to-date information for that consumer.
The Marketplaces platform enables you to build custom and lookalike audiences to expand the reach and effectiveness of omnichannel marketing campaigns. Prospects can be targeted by a number of criteria and refined through predictive indicators to build segmented, high-propensity audiences.
Identity Enrichment and Append
With this product, Infutor fills critical gaps in your customer and prospect identify data to paint a complete picture of your customers. Based on a snippet of information such as a single input phone number or email, Infutor can provide name, physical address and additional demographic and behavioral attributes.
Data Cleansing and Normalization
Data hygiene services include name parsing; CASS certified address standardization and correction; NCOA and PCOA move updates; date of birth and date of death data. Additionally, if certain contacts appear more than once with conflicting information, links across datasets determine what’s accurate. In the mortgage industry, for example, Infutor’s Property Owners Data can dramatically increase speed to lead and speed to dial — and even level the playing field for smaller lenders — by providing consumer insights and predictive attributes such as home value, purchase date, property descriptors and mortgage information. Introduced in July 2018, ReachSmart Digital ID is the latest addition to Infutor’s consumer identity solutions. It adds up to 10 email addresses to each first-party customer and prospect record in a marketer’s CRM or CDP database. Founded in 2003, the company serves a wide array of clients, from marketing agencies to mortgage loan originators. In 2016, Infutor received a large strategic investment backed by the growth equity team at Norwest Venture Partners.
Click here to learn more about Infutor.
Opendoor is a real estate technology service created for home buyers and sellers to simplify the experience of buying and selling a home. When a seller requests an offer for their home, Opendoor uses market data and information provided by the seller to present an offer. The seller then reviews the offer, and if they approve, Opendoor will complete the work. Sellers are paid within a matter of days so they can focus on purchasing their next home. When purchasing, buyers can visit Opendoor homes on their own time and access the service using Opendoor’s mobile app. Once buyers have found the home they love, Opendoor will assist in making an offer. Every home sold through Opendoor has a 30-day satisfaction guarantee, so buyers are able to purchase with confidence. Not only does Opendoor work with homebuyers and sellers, but the company also transacts with agents who represent both parties. Opendoor offers competitive commissions both to real estate agents who refer sellers to Opendoor, and to those representing buyers on Opendoor listings. This process allows real estate agents to give their sellers peace of mind with an all-cash offer.
In the future, Opendoor will feature a preferred agent partnership where real estate agents can partner with Opendoor to better serve local homeowners and buyers. Founded in 2014, Opendoor is headquartered in San Francisco and has over 700 employees across different home markets. This innovative company has served more than 20,000 customers in making their move easy. Opendoor operates in 14 cities across the United States and has been recognized by Inman News as the most innovative company in real estate.
Click here to learn more about Opendoor.
“Mortgage Coach, a suite of mortgage technology solutions, helps mortgage professionals improve conversation with customers and increase production. Through a mobile device, loan officers can offer a complete and personalized mortgage lending experience to their customers by delivering graphs, charts, videos and audio recordings viewable anywhere. These tools can then be updated in real-time to provide the borrower with the most accurate home loan options and ensure the borrower has clarity and the ability to make the correct loan choice.
Here are three Mortgage Coach technology solutions available online and through iOS and Android mobile apps: Mortgage Coach Total Cost Analysis – Provides tools and detailed options that allow loan officers to educate borrowers on how to make confident mortgage decisions RateWatch – Real-time MBS movement can be viewed and shared on a mobile device My Nest – A real estate camera helping borrowers create relationships with trusted Realtor partners. Mortgage Coach has been proven to increase loan officer compensation by 15-25% on average. Additionally, by presenting loan comparisons to the customer, it stops rate shoppers. To learn more about how Mortgage Coach can help mortgage professionals succeed, click here to view the Quick Start Guide.
Home Captain is a technology-enabled real estate platform that helps guide prospective home buyers through the home buying process, giving value to both mortgage banks and real estate agents while also delivering excellence in helping customers become homeowners. Through a concierge service team, Home Captain matches the home buyer with a real estate agent in its curated network.
The concierge representative acts as the liaison connecting the loan officer, real estate agent and home buyer, making sure all parties are in synch throughout the mortgage process. The Home Captain platform seeks to give home buyers a better purchasing experience, match real estate agents with higher quality home buyers, and increase mortgage banks’ conversions on home-purchase loans.
Home Captain is a streamlined real estate platform for mortgage lenders to increase their funding rates on pre-qualified/pre-approved homebuying customers. Founded in 2012, the veteran-owned business based in New York City prides itself on employing military veterans and their spouses as part of its concierge team. Key clients include NBKC, Home Direct, NASB, First Choice and Cardinal Financial. Home Captain was featured in the National Association of Realtors’ REach 2016 program and announced in late March 2018 the closing of a funding round with Spring Mountain Capital to accelerate its commercialization efforts. With access to a referral network of more than 32,000 pre-screened Realtors, Home Captain provides lenders with updates on leads fed by real estate agents on a regular basis, in addition to delivering a smoother home buying experience to customers while increasing the conversion rate. Click here or here to learn more about Home Captain.
CoreLogic develops technology applications and platforms that streamline workflow for mortgage lenders and services, capital market investors and real estate sales professionals. The company’s cloud-based loan origination and asset management platforms offer the flexibility and convenience of secure, on-demand, access-anywhere computing. CoreLogic provides financial, property and consumer information, analytics and business intelligence. It analyzes information assets and data to provide clients with analytics and customized data services. CoreLogic also develops proprietary research and tracks trends in several categories, including consumer credit, capital markets, real estate, fraud, regulatory compliance, natural hazards and disaster projections.
CoreLogic’s operations are split into two segments: Data and Analytics, and Technology and Processing Solutions. The D&A group acquires and links property, mortgage and financial data using models and algorithms to produce analytics for clients. Services include advisory opportunities, automated valuations, location intelligence, multiple listing technology and platforms, mortgage fraud management, property information and analytics, and rental screening and analytics. The TPS group offers mortgage-related data services for mortgage lenders and servicers. Services and technology include flood data, property tax information, credit verification, underbanked credit information, compliance and management, mortgage origination technology, business process outsourcing and cloud computing-based mortgage servicing solutions. CoreLogic’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information.
The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, and advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, California, CoreLogic operates in North America, Western Europe and Asia Pacific. Visit CoreLogic.com or contact CoreLogic to learn more.
Cloudvirga’s intuitive POS systems provide a user-friendly platform for consumers to do most of the work in completing their application for a home loan. Cloudvirga offers a simple, mobile-friendly program that allows borrowers to:
- Complete a mortgage application
- Check their credit score
- Use a dynamic borrower needs list to determine what is needed from them to complete the loan process
- Electronically verify their assets
- Securely upload documents
- Provide eConsent & account creation
- View a dashboard with status updates
The intelligent, cloud-based digital mortgage application can instantly pull and reissue credit, and it contains a dynamic borrower needs list to inform the borrower of the documents required to move forward. Cloudvirga’s Point of Sale (POS) web and mobile technology empower the consumer through a full loan experience. For lenders, it’s the fastest process to get the borrower to sign initial disclosures, order appraisal, verify assets/income electronically, and upload documents in under 45 minutes. The intelligent mortgage platform provides the fastest process to sign initial disclosures, order appraisal, verify assets and income, and upload documents. This system provides a massive reduction in production cost, while increasing loans per FTE. By minimizing human work processes and maximizing automated workflows, Cloudvirga is able to dramatically reduce closing times and provide customers with people when they need people, and technology when they prefer technology. In short, home buyers are empowered to do their loan their way. Learn more about Cloudvirga at Cloudvirga.com or click here to request a demo.
Mortgage Partnering with lenders and servicers to greatly simplify the homeowners insurance process, Matic is a fully licensed, independent insurance agency that dramatically reduces the time required to get a policy secured and in place. Through a collaborative effort that also includes a borrower’s mortgage planner and multiple insurance carriers, Matic works to find the best policy for the customer with a simple click that generates multiple quotes within seconds as opposed to the standard two or three days. By comparing quotes from numerous top-rated insurance providers, Matic offers home buyers more options — which ultimately lead to better coverage and more optimal pricing.
As far as the home buyer is concerned, Matic is completely, 100% free, with no hidden fees. Instead of charging the buyer for its services, Matic makes money off commission that comes from its carrier partners whenever a buyer chooses to get insurance through Matic. Broken down into the following easy steps, here’s what Matic — a Columbus, Ohio-based company — does for the soon-to-be-new homeowner.
- Automatically Pulls Key Data – A mortgage lender has all the information on a home buyer that an insurance provider needs to put a policy in motion. Matic partners up with the mortgage lender to receive this data automatically, which enables 90 percent of the insurance process to be squared away in just seconds. The rest of the process can typically be handled in as few as two minutes.
- Instantly Generates Quotes From Top Insurance Providers – Using its technical capabilities to the fullest, Matic directly integrates with numerous insurance providers, giving the home buyer quotes in as few as 30 seconds with a simple click on a computer, phone or other electronic device.
- Chooses The Plan That’s Right For The Home buyer – Matic looks at multiple aspects of a buyer’s property information and loan file and utilizes a combination of machine-learning algorithms and human intelligence to find the best coverage based on price, customer satisfaction and other factors.
Here are a few other important things to know about Matic, in conclusion:
- It’s often cheaper to acquire homeowners insurance through Matic than working directly with an insurance carrier, because Matic team members are trained to help buyers maximize their applicable discounts.
- Home buyers aren’t obligated to go with the homeowners insurance policy recommended by Matic, which will gladly walk customers through other potential options from a list of “A” rated carriers.
- Once a home buyer has accepted a policy from a Matic insurance carrier, Matic will work closely with the mortgage lender to make sure all documentation is ready to go before the loan closes.
- Visit matic.com, email email@example.com or call 614.388.9838 to learn more about the wonderful resources that Matic has to offer new home buyers.
Rocket Appraise, quite simply, connects mortgage lenders with appraisers. With the ability to unearth thousands of innovative appraisers with an easy click of a button, Rocket Appraise pairs mortgage planners and borrowers with appraisers who are ready and waiting to inspect a home — and don’t want to waste any time getting the job done. Here are the key features offered by Rocket Appraise:
- Instant Booking – Forget phone tag, manual sourcing and guesswork. Lenders find an appraiser, chose an appraisal date and instantaneously book the inspection on-demand. Borrowers can also schedule these appointments.
- Appraisers + AI – With inside knowledge of an appraiser’s calendar, travel schedule and workload, Rocket Appraise predicts the best appraiser for your individual needs — and these include your deadline. Through real-time maps, appraisers share their times and locations, empowering lenders to intelligently order and track appraisal process and status.
- Quality Control – Why bother with appraisers who don’t meet your criteria? Rocket Appraise allows you to filter appraisers through an easy online search, eliminating communication errors and revision requests.
Here’s how to use Rocket Appraise:
- Find an Appraiser – Search based on qualifications, location, availability and price, and become connected to this critical part of the closing process.
- Order an Appraisal – This can be done through simple web-based order forms connected directly to the appraiser’s business. Clear pricing and timelines are available upon ordering.
- Track an Appraisal – Follow the appraisal process with a secure web portal and email status updates. When on time-dates are in question, automatic warnings are sent.
Rocket Appraise is not yet fully launched, nor does its website list a headquarters or home office address, but potential customers can “request early access” by entering their email address on the website.
As homebuyers often find themselves at a loss checking various fragmented sources for crime rates, school quality, neighborhood walkability and availability of houses for sale in a specific neighborhood, new technologies have developed to bring all these factors together on a single platform and make the process easier. NestReady has identified the hassle and streamlined the home buying process to include search parameters ranging from neighborhoods to real estate agents to lenders to mortgage professionals.
Based in Montreal, NestReady is a real estate platform that brings all parts of the home buying cycle together. By collaborating with lenders, the platform guides home seekers through a uniquely tailored process by integrating the full home search experience directly onto the lender’s website. Real estate agents are encouraged to join a referral program that connects them with prospective homebuyers.
Since 2017, NestReady has partnered with Ruoff Home Mortgage — Indiana’s largest mortgage company — and, most recently, with Boston Private — a wealth management, trust and private banking company with a strong presence in Massachusetts. North of the border, NestReady has teamed up with Alterna Bank and Meridian Credit Union, the largest credit union in Ontario. Plans call for an expansion of operations to the U.S. states of Florida, Indiana, Ohio and Michigan, and all provinces in Canada.
NestReady seeks to disrupt the industry by enabling every lender to offer their own end-to-end home buying solution to customers, thus making lenders the central point in the home buying process. In June 2018, the real estate technology company announced the appointment of seasoned technologist Frederick Townes as its co-founder and CTO, and raised $5.7 million in venture capital to be invested in the company’s AI capabilities, including predictive analytics and machine learning models to enhance the home buying process.