REAL ESTATE TECHNOLOGY
SkySlope | November 17, 2021
SkySlope, the leader in real estate transaction software, has launched Breeze, an all-around simple and streamlined application that makes the disclosure process easy for agents and sellers.
SkySlope's flagship transaction management platform enables brokers, agents, auditors, and transaction coordinators to track their deals while remaining compliant. Equipped with forms and a digital signature tool, SkySlope provides a frictionless workflow that saves time for agents and improves compliance for brokers. As the transaction management platform serving over half of the top 20 largest brokerages in the U.S. and Canada, SkySlope is known for its customized onboarding and 24/7 award-winning technical support.
With the launch of Breeze, SkySlope is providing a free standalone product that gives agents the ability to prepare, send, and receive completed disclosures. The application comes with a host of benefits that help both agents and their clients save time while preventing mistakes and reducing risk.
As a tool designed for both the agent and the consumer, Breeze simplifies the disclosure process. Its intuitive platform requires minimal preparation for agents to prepare and send disclosures to their clients in minutes. For consumers, Breeze's guided workflow helps them complete disclosure forms like the Seller Property Questionnaire (SPQ) and Transfer Disclosure Statement (TDS) quickly and with more confidence and accuracy.
Streamlined disclosure preparation equipped with MLS data sync
Status visibility, notifications, and easy revision requests
Simple guided workflows with helpful tips for consumers
Equipped with SkySlope DigiSign for free and unlimited digital signatures
Seamlessly integrated with SkySlope's suite of products
"Breeze is truly a one-stop-shop for faster disclosures. he guided workflow helps clients complete disclosures quickly and accurately and our agents can easily prepare disclosures, request signatures, and submit forms for compliance review."
- Diana Costas of Golden Gate Sotheby's International Realty.
"Disclosures are a common pain point for both agents and sellers. We're excited to launch a solution that takes a complicated process and makes it effortless for agents and consumers. Breeze saves time, reduces risk, and tremendously improves both the agent and the consumer experience. It truly makes disclosures a breeze."
- SkySlope CEO, Tyler Smith.
Breeze is currently available in California and will be launching to additional states in 2022.
Established in 2011, SkySlope is a comprehensive transaction management platform for brokers, agents, auditors, and transaction coordinators to manage real estate transactions from anywhere at any time. In 2021, over 300,000 users across 8,000 offices used SkySlope to manage 2.25M transactions. SkySlope provides digital transaction management and services to help agents and brokers be more efficient and compliant. From automation to integrations, SkySlope's vision is to keep agents and brokers connected to the customer forever.
Pennsylvania Association of Realtors | May 11, 2020
Every other state in the country has recognized that real estate professionals provide a life-sustaining service and that housing is a vital part of people's lives as well as the economy.
The state has given multiple inconsistent guidelines for the real estate industry that offer conflicting mandates, while other industries like construction.
The state is requiring personal protective equipment for real estate business that exceeds what other industries are required to do.
Pennsylvania is the only state in the country that continues to shut down most in-person real estate activities for the vast majority of Pennsylvanians during the pandemic. Every other state in the country has recognized that real estate professionals provide a life-sustaining service and that housing is a vital part of people's lives as well as the economy.
The governor's unreasonable restrictions have created a harmful situation for real estate professionals and consumers. The shutdown restrictions have created a marketplace of chaos for consumers and Realtors®. Consumers are reaching out to our members and the association, asking for advice on how they can buy, sell or rent a home during the state's incredibly restrictive shutdown. They're experiencing financial hardships and are essentially in limbo, because important in-person services are prohibited for most real estate transactions,
PAR President Bill Festa.
PAR encourages the state's General Assembly to pass House Bill 2412 (Polinchock) or Senate Bill 1135 (Boscola), both of which recognize real estate as a life-sustaining business and would allow real estate transactions to occur in every county of the commonwealth.
Read More: 5 Tips to Grow Your Real Estate Business Faster
Festa noted that the state has issued inconsistent and arbitrary guidance with stricter requirements for buyers, sellers and real estate professionals. The state has given multiple inconsistent guidelines for the real estate industry that offer conflicting mandates, while other industries like construction and automobile sales, have been given detailed and coherent rules that are able to be followed.
"The numerous discrepancies in these state-issued guidelines have placed an onerous burden on consumers and the real estate professionals who work with them," Festa said. "It's ridiculous that in areas that have started to reopen, the state is requiring personal protective equipment for real estate business that exceeds what other industries are required to do and what is recommended by the CDC and World Health Organization."
The state has also limited real estate activities to only two people at a time in a property, while allowing contractors performing repairs or renovations in an occupied home can have four workers at the property, plus the residents.
"Guidelines for in-person real estate should be consistent with other professions and allow at least four people in a property, while practicing social distancing," Festa said. "The governor's office refuses to discuss how finding shelter is life-sustaining to consumers."
PAR also said the state has failed to recognize a large sector of the real estate industry, ignoring the commercial and property management portions when issuing its guidance.
"The association believes that where in-person real estate activities are allowed, all residential, commercial and rental transactions should be permitted and regulated in a similar manner," he added. "The Department of State has consistently issued guidance that completely ignores a sizable segment of the industry."
"Our members and the association hear heart-breaking stories from consumers because of their housing uncertainty and financial hardships," Festa added. "It's outrageous that a majority of Pennsylvanians continue to be restricted from purchasing a home where they want to live."
Read More: The Ultimate Guide to Real Estate Lead Generation
About Pennsylvania Association of Realtors
The Pennsylvania Association of Realtors® is a trade/professional association that serves more than 35,000 members in the commonwealth of Pennsylvania. A member organization of the National Association of Realtors®, PAR is comprised of residential and commercial Realtors® who subscribe to a strict Code of Ethics and Standards of Practice. www.parealtor.org
REAL ESTATE TECHNOLOGY
AppraisalWorks | August 25, 2021
AppraisalWorks, a leading provider of real estate appraisal technology, today announced innovations to its flagship appraisal management technology platform.
The AppraisalWorks™ platform is designed to streamline the real estate appraisal process, helping lenders and servicers achieve lower costs, faster turn times and greater transparency. The technology platform is patented under U.S. Patent 10,635,999.
The latest enhancements to AppraisalWorks further automate key elements of the appraisal management process – including quote management tools for residential and commercial real estate assignments, providing direct connectivity to the Encompass LOS platform and delivering a platform for paying appraisers electronically. Benefits of these three capabilities include:
Appraisal Quoting - AppraisalWorks now provides a flexible, highly configurable system for managing quotes for appraisal assignments with commercial appraisal firms and individual appraisers providing lenders with greater automation, real-time monitoring, status-driven alerts, and a detailed audit history. Elimination of manual tasks accelerates the process and provides increased transparency.
Automated Appraiser Payment Module – With AppraisalWorks, lenders can easily initiate and track ACH, manual and credit card payments on all appraisal orders as well as the agreed upon vendor fees. Support for batch payments enables straight-through processing for increased efficiency. Faster payments to appraisers provide a strategic advantage in attracting the best talent for each appraisal order. In addition, credit card processing is tracked on the order and individual transaction level, providing real-time insight into payment status and the ability to customize the borrower payment experience. With AppraisalWorks, lenders can reduce payment processing workload by up to 70%, while also improving appraiser and borrower relationships.
Encompass LOS Connectivity – The seamless integration between AppraisalWorks and Encompass allows lenders to order, assign, monitor, and review real estate valuations, from a marketplace of AMCs and appraisers, directly through the Encompass Digital Lending Platform – driving quality and efficiency in the loan origination process and standardizing the vendor and borrower experience. AppraisalWorks is one of the first appraisal management platforms to offer direct connectivity through Encompass’ new APIs eliminating administrative overhead and accelerating turn times.
AppraisalWorks is designed to be collaborative – bringing together all stakeholders in the appraisal process to improve efficiency, turn times and accuracy. Lenders, borrowers, processors, appraisers and the quality control team benefit from real-time communications, on-demand access to appraisal information and complete transparency throughout the appraisal process.
“As lenders and servicers look for an edge in accelerating appraisal turn times, efficiency and cost reduction are critical, as is the need to maintain strong security and compliance practices,” said Mike Cullen, CTO of AppraisalWorks. “The AppraisalWorks technology platform helps streamline appraisal processes, improve adherence to compliance regulations and lower costs – while also providing a better borrower experience. Our customer-centric approach to continuous technology innovation makes AppraisalWorks a top choice for lenders and servicers who are looking for greater efficiency and a strategic advantage.”
AppraisalWorks is a cloud-based appraisal management technology platform that enables banks, credit unions, loan servicers and mortgage lenders to order, manage, maintain, and analyze real estate appraisals and collateral valuations. Through its Community and Enterprise versions, AppraisalWorks improves process efficiency, ensures regulatory compliance, and facilitates collaboration among lenders, borrowers, processors, appraisers, and the quality control team – significantly improving loan turnaround time, reducing cost per loan, and enhancing the borrower experience. AppraisalWorks is patented under U.S. Patent 10,635,999.