REAL ESTATE INVESTMENT, MORTGAGE AND LENDING
Businesswire | May 02, 2023
Tavant, Silicon Valley’s leading digital lending solutions provider, today announced the launch of a highly anticipated new product, Asset Analysis, to Touchless Lending®, their AI-powered digital lending platform. With this addition, Touchless Lending will further solidify itself as the most comprehensive automated underwriting solution available to mortgage lenders by providing coverage over all four major underwriting components, including Income, Credit, Collateral, and soon Asset Analysis. Touchless Lending Asset Analysis is in the near-final stages of production and will be available in-market by the end of June 2023.
“This upcoming launch of Touchless Lending Asset Analysis will perfectly complement our currently available underwriting products – Document, Income, Credit, Collateral, and Decision Analysis – and put Tavant one step closer to achieving our goal of enabling straight-through processing and fully automated underwriting for mortgage providers,” said Mohammad Rashid, Head of Fintech Innovation at Tavant. “Our current Touchless Lending products reduce the cost to process and underwrite by $1000 per loan and achieve a scale of double-digit underwrites per day per underwriter. With Asset Analysis fitting in as the final piece, Touchless Lending will be capable of having even more of an impact on reducing cycle times and origination costs for lenders.”
Asset Analysis automates an underwriter’s labor-intensive process of reviewing assets and multiple bank statements, allowing them to accurately ensure that the borrower’s assets are responsibly sourced and quickly determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction. Asset Analysis checks for relevant loan details and document acceptability to identify and condition for large deposits or deposits from sources that are inconsistent with the loan application. Furthermore, AI and ML models are integrated into Asset Analysis to automatically review bank statement withdrawal transactions to detect, identify, and condition for anomalies, undisclosed financial transactions, or any recurring payments in the statements.
“Touchless Lending Asset Analysis will identify, calculate, then determine borrower eligibility and derive qualified income across bank statements based on the investor or program-specific requirements,” said Hemanthkumar Jambulingam, Director of Fintech Product Management at Tavant.
Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline. Loan officers, processors, and underwriters utilize Touchless Lending’s machine-oriented, optimized workflows to engage with borrower and property data to make better decisions faster instead of relying on physical documentation and manual data entry. This one-of-a-kind solution automates the loan production process, allowing lenders to originate mortgages quicker while reducing costs and repurchasing risks. Touchless Lending also effortlessly integrates with existing systems, including client CRM, POS, and LOS.
“Tavant offers the flexibility for lenders to determine whether they want to benefit from the whole Touchless Lending automation suite or instead choose one or a few analyses independently of the others,” continued Rashid. “Even if using all that Touchless Lending has to offer is guaranteed to generate higher productivity and efficiency than using only a portion of the platform, we understand that every lender is unique, and at Tavant, we are here to help you identify the optimal path to accommodate your specific needs.”
As a leading Fintech software and solutions provider for over 20 years, Tavant proactively anticipates customer needs and adjusts accordingly to provide the right configurable solutions. Tavant's Touchless Lending® product suite, which now includes experiences not just for underwriters and processors but also for home buyers, loan officers, brokers, realtors, and more, maximizes data-driven decision-making to solve even the most complex lender and borrower challenges. Tavant's growing customer base originates one out of every three home loans in the United States.
Headquartered in Santa Clara, California, Tavant is a digital products and solutions company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. Founded in 2000, the company employs over 3000 people and is a recognized top employer. Tavant is creating an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies, and improving collaboration.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRweb | May 22, 2023
Inside Real Estate, one of the fastest-growing independent real estate software companies and trusted technology partner to over 400,000 agents, teams, brokerages and top franchise brands, announced the rollout of the new and enhanced CORE Listing Machine & Design Center. Connecting directly to the MLS, CORE Listing Machine & Design Center pulls in property details and automatically creates a complete marketing campaign across all listing stages.
“The excitement of our sales team over having a fully integrated marketing solution for both digital and print is overwhelming,” said Wendi Iglesias, CIO, The Keyes Company. “Our goal is always to provide best-in- class, streamlined solutions to our team that will allow them to make an impact and drive business without having to leave our ecosystem to find the solutions they need. Now, we have everything we need to market ourselves and our listings in one easy to use platform!”
CORE Listing Machine & Design Center is the only marketing solution in the industry that has both direct MLS and print vendor integrations. By directly connecting to an agent’s MLS, property details are automatically populated to create an entire marketing campaign for any listing. Features include:
Single property websites are generated for each listing, automatically shared on social media pages, and each site has full screen property images, a mortgage calculator and multiple ways to engage potential buyers, and secure contact information.
Customizable listing kits allow agents to tailor their marketing templates to fit the design and dynamic of the property they are promoting, to better highlight their listings, reach potential buyers more effectively, and add more value for seller clients
Custom listing videos maximize listing exposure while driving powerful SEO value, with custom intros, outros, music, and voiceover capabilities, and are posted directly to an agent’s YouTube page.
Social media automation keeps agents top-of-mind with customers through a consistent, branded social media presence.
The Design Center makes it easy to create custom branded print and digital assets, with a library of premium, customizable templates, that can be leveraged to promote an agent’s personal brand across any channel, in just a few clicks.
Direct print integration capabilities allow you to quickly and effortlessly create printed assets to bolster your brand and market your listings.
“So often the most effective marketing tasks are the most time-intensive, but with this new suite of capabilities, we’re ensuring our clients can seize every marketing opportunity, at every stage of the listing cycle, automatically,” said Joe Skousen, CEO of Inside Real Estate. “These tools free up agents’ time, allow full control over branding and market presence, and most importantly, deliver incredible value to both their seller and buyer clients.”
Early data suggests strong adoption. In the early stages of the CORE Listing Machine & Design Center rollout, over 300,000 assets have already been auto-generated. CORE Listing Machine & Design Center availability to all kvCORE users will continue over the coming months.
About Inside Real Estate
Inside Real Estate is a fast-growing, independently-owned real estate software firm that serves as a trusted technology partner to over 400,000 top brokerages, agents, and teams. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry known for delivering profitable growth at every level of a brokerage organization. Built on a modern, scalable, and flexible architecture, kvCORE enables every brokerage to create its own unique technology ecosystem through custom branding, robust integrations, and high-quality add-on solutions. Recent strategic acquisitions have expanded the company’s technology portfolio further, including BoomTown, Brokermint, and AmpStats solutions, which solidifies Inside Real Estate as the leading technology partner in the real estate industry. With an accomplished leadership team and its talented staff, Inside Real Estate brings the resources, scale, and vision to deliver ongoing innovation and success to their growing customer base.
REAL ESTATE TECHNOLOGY, AGENT
PRnewswire | April 04, 2023
Since its inception in 2020 roomvu video content platform has acquired over 110,000 real estate professionals. Funded by a Former Top Producer realtor in Vancouver, Canada, the platform initially served as a niche market insights video solution for Real Estate Agents. But throughout the past 3 years, the content has expanded to images and stories as well ads. The platfrom now also has over 3000 Mortgage Brokers and Loan Officers using the product. The Web-based solution also now provides Social Media Management, Digital ads, and Email marketing to distribute the content it creates.
Roomvu is proud to announce its partnership with the Southland Regional Association of REALTORS®, Inc. (SRAR). SRAR is a leading Real Estate organization representing over 12,000 real estate professionals in Southern California. The partnership allows roomvu's content to be integrated within SRAR's state-of-the-art internal systems, allowing agents to Single Sign On and also manage their social media through the platform. Roomvu will also provide interactive market insight videos based on SRAR's data for all agents.
Here are what most agents face when trying to market their business on social media:
Agents are not consistently posting on social media.
Agents run out of local content to post, which leads back to problem #1.
This leads to agents doing little to nothing at all (even if the brokerage creates content for them)
roomvu's technology allows for a consistent flow of Hyper-Local Content Across Multiple Channels. The platform creates Hyperlocal videos, customized to each agent and automatically posts it on every agent's social media Inc: Instagram, Facebook and Tiktok! The partnership allows for all agents within SRAR to get 1 free social media post per week on Facebook, Twitter, or Linkedin, as well as access to exclusive discounts to upgrade courtesy of SRAR.
"The world of digital and social marketing is ever evolving. roomvu has always tried to stay ahead of the trends on Digital Media Marketing for Real Estate, and this addition is the next step in that direction that broadens our marketing focus beyond agents," says Sam Mehrbod, Founder and CEO of roomvu. "We know that agents and brokerages already have millions of things to do on their plate. So we do what we do best, Creating Powerful Content. This is our largest partnership todate, empowering more agents, to start posting on social media , start a conversation with their audience, and bring them more visibility"
"SRAR is constantly looking for ways to offer our members the newest technology and resources to help them succeed." Says Rich Pisani, 2023 President of SRAR. "We are excited to add a best-in-class social media provider that is also part of NAR's REACH Canada class of 2022."
Roomvu.com is the pioneer in Video Marketing for Real Estate Agents & Mortgage Brokers, Backed by the USA's National Association of Realtors. Roomvu generates Localized & Relevant Content for over 110,000 agents across and USA & Canada. It produces hyper-local content to automate Social Media Marketing, Email Marketing, CRM and Digital Ads for real estate professionals.
About Southland Regional Association of REALTORS
The Southland Regional Association of REALTORS is the "voice for real estate" in the San Fernando and Santa Clarita valleys. Their mission is to support members in serving their community with the highest standards of ethics and professionalism, and to champion real property rights and pathways to homeownership for all.