MARKET OUTLOOK, REAL ESTATE TECHNOLOGY
Businesswire | May 30, 2023
homegenius Real Estate has unveiled an Artificial Intelligence (AI)-powered home search portal at www.homegeniusrealestate.com that provides home buyers and sellers with an unprecedented level of property intelligence about active listings, driven by the company’s homegeniusIQ technology. homegeniusIQ applies proprietary artificial intelligence harnessing image recognition and computer vision technology to analyze real estate images to assess and estimate room condition and property features.
By unlocking data from property photos, homegeniusIQ helps inform a property's value and substantially improves the home search process, allowing home buyers to conduct better searches and glean deeper insights. Its cutting-edge models can identify and assess room type, room condition and more than 50 objects inside and outside of a home that impact its value—breaking down the biggest barrier to meaningful automated real estate insights.
At homegeniusrealestate.com, users can also upload photos to search for properties that match their desired attributes, instantly translating a dream home “vision board” into an array of listings that are available on the market. All personalizations can be saved by consumers to allow them to apply their dream home requirements to any neighborhood or market, instantly.
“Artificial intelligence is poised to truly transform the way home buyers and agents buy and sell homes, and homegeniusIQ is at the leading edge of the revolution,” said Eric Ray, senior executive vice president, chief digital officer and co-head of homegenius. “By allowing home buyers to upload photos that illustrate what they’re looking for in a kitchen, bedroom, bathroom and/or family room, homegeniusIQ enables users to match their vision of a dream home to a property in the real world.”
Highlights of homegeniusIQ’s artificial intelligence, image technology:
Automatically analyzes property photos to identify and assess a home’s condition.
Identifies objects, finishes and materials that impact the potential consumer value.
Intelligently evaluates property condition to offer more accurate value estimates and refine search results.
“homegeniusIQ powers the homegenius Real Estate search, offering a totally new way to search for a home,” said Brien McMahon, senior executive vice president, chief franchise officer and co-head of homegenius. “Our proprietary AI technology makes it possible to conduct searches based on a home’s appearance and condition — far beyond what’s possible with conventional search filters — to help homebuyers find exactly what they’re looking for.”
homegenius Inc., a subsidiary of Radian Group Inc. (NYSE: RDN), and its family of companies combine an array of title, real estate and technology products and services into a full-service ecosystem. homegenius offers innovative experiences from search to close, enabling mortgage lenders, mortgage and real estate investors, consumers, GSEs, and real estate brokers and agents to benefit from integrated and personalized solutions leveraging advanced technology and the latest advancements in data science, machine learning and artificial intelligence. Real estate services provided by homegenius Real Estate LLC and homegenius Real Estate Inc. (collectively dba homegenius Real Estate), each a subsidiary of homegenius Inc. 7730 South Union Park Avenue, Suite 400, Midvale, UT 84047. Tel: 1-877-500-1415. homegenius Real Estate LLC and its wholly owned subsidiary are licensed in every state and the District of Columbia. For additional information on the homegenius family of companies, please visit homegenius.com.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRnewswire | April 17, 2023
Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X PropTech ETF (PTEC). This fund, which provides exposure to companies positioned to benefit from innovations in property technology, is Global X's latest addition to its growing suite of thematic-based funds.
The global real estate market comprises over $325 trillion in assets.i, and the opportunity for disruptive technology in this market is massive. From property management software to internet-of-things-based property monitoring to virtual reality tours, there is no shortage of new tools emerging for sellers and homeowners alike. By providing exposure to the companies that are positioned to benefit from the technology that optimizes the way people buy, sell, rent, design, construct, manage, and research and market residential and commercial properties, PTEC can help enable investors to capitalize on this growth.
"The process of both finding and maintaining a home is becoming increasingly reliant on cutting-edge technologies and real estate digitization," said Pedro Palandrani, Director of Research at Global X ETFs. "With the launch of PTEC, Global X is leveraging its expertise in thematic investing to offer investors exposure to companies investing in the technology that should meet the needs of this vast, addressable market."
The Global X PropTech ETF (PTEC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X PropTech Index. The fund has an expense ratio of 0.50%.
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 100 ETF strategies and over $38 billion in assets under management.ii While we are widely recognized for our Thematic Growth, Income, Commodity and International Access ETFs, we also offer Core, Risk Management, Digital Asset, and other solutions to suit a range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $480 billion in assets under management worldwide.iii Mirae Asset has an extensive global ETF platform ranging across the U.S., Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $80 billion in assets under management.
REAL ESTATE INVESTMENT, ASSET MANAGEMENT
Businesswire | May 31, 2023
Closinglock, a leading provider of fraud prevention solutions for the real estate industry, today announced the availability of a new identity verification solution that helps title agencies and real estate firms combat the growing amount of fraud.
Seller impersonation fraud is one such area of fraud that is on the rise. This type of fraud primarily involves identity theft to sell vacant land, second homes, and vacation and rental properties all across the country.
Closinglock’s latest solution includes the ability to identify fake driver's licenses, which is the most common method used by fraudsters in seller impersonation fraud.
This new solution is a significant improvement over antiquated methods like knowledge-based authentication (KBA). According to the National Institute of Standards and Technology (NIST), “the ease with which an attacker can discover the answers to many KBA questions … cause KBA to have an unacceptably high risk of successful use by an attacker.”
"As KBA is obsoleted in this new digital market due to targeted spoofing, AI, and web and social media scraping, our team engineered a solution that quickly and easily verifies identity using modern technologies," noted Closinglock’s CEO and Cofounder, Andy White, PhD.
Since Closinglock closely follows the NIST guidelines, it worked to utilize more stringent methods to fight fraud. The new solution from Closinglock is more secure than KBA because it uses a variety of methods to verify the identity of a user which makes it much more difficult for scammers to bypass the verification process.
“We believe that this new solution is a game-changer for the real estate industry,” said White. “It will help to protect our customers from fraud and ensure that their transactions are safe and secure.”
Closinglock is a leading provider of fraud prevention solutions for the real estate industry. Closinglock’s platform protects payments, payoffs, and all related communications with strict security protocols and offers seamless integrations with closing and title company software. The company currently protects billions of dollars each month with its software, and is trusted by thousands of settlement companies, title agents, law firms, attorneys, lenders, real estate agents, home buyers and sellers and others. Learn more at closinglock.com.