MARKET OUTLOOK, REAL ESTATE INVESTMENT
PRnewswire | May 18, 2023
Curbio, Inc., the leading pay-at-closing home improvement solution for the real estate industry, today announces the launch of its new home staging service. Real estate agents can leverage Curbio's latest offering to help stage their clients' homes seamlessly with no upfront costs, saving sellers time and helping them make more money.
Staging is shown to decrease days on market and increase the price a home sells for. According to the National Association of Realtors, 23% of buyers' agents said that staging a home boosts offers as much as 5% compared to similar homes that weren't staged.
Curbio's physical home staging services includes a team of design experts who strategically lay out furniture and decor to highlight and accentuate a home's most appealing assets.
Home staging is just one of Curbio's services for agents to leverage. The company offers updates and renovations that get sellers a high ROI for their home – everything from cleaning, painting and organizing to full kitchen remodels and whole-home makeovers. Curbio also recently launched its new inspection repair tool, streamlining the estimate and repair processes for agents following home inspection reports, getting homes to the closing stage faster. Sellers do not pay for Curbio's services until closing – with zero fees or interest.
"We are no longer in a hot seller's market, which means buyers are choosier and less willing to pay more for a home that is not move-in ready," said Olivia Mariani, CMO at Curbio. "At Curbio, we are leveraging technology to make it as convenient as possible for agents and their sellers to take the steps that will get them the maximum value for their house – whether that's through home staging, simple updates, major renovations or inspection report repairs."
As the licensed and insured general contractor, real estate agents can hand off any pre-listing home improvement projects to Curbio, so that they can sell their listings for top dollar without spending hours on the phone lining up contractors. Pitching Curbio's fix first, pay-when-you-sell service to win listings is also a popular use-case for agents in a tight inventory market.
Curbio's recently launched mobile app allows real estate agents to get instant estimates for staging services, pre-listing projects and necessary inspection repairs for current and prospective clients. At the touch of a button, real estate agents can generate an immediate price and ROI estimate for repairs, updates and renovations.
Curbio's full-service staging solution is currently available in Washington D.C., Baltimore, Richmond and Philadelphia/South New Jersey markets, with additional market expansions to come. Other markets can work with any stager they choose and use Curbio to pay at closing.
About Curbio
Curbio is on a mission to help real estate agents fix and update homes before they go on the market, so they sell quickly and for the best price, with zero payment due until closing. Founded in 2017, Curbio has quickly become the largest national home improvement company dedicated to pre-listing repairs, updates, and renovations. Curbio has modernized home improvement with an easy-to-use app that accelerates project timelines by 50%, while removing the delays, uncertainties and other frustrations that have plagued home improvement for decades. Their rapid time to listing, coupled with a turn-key approach and project ROI expertise, has made Curbio the most trusted fix first, pay-at-closing home improvement partner to thousands of realtors and brokerages nationwide, including eXp realty, RE/MAX, HomeServices of America, Long & Foster, @properties and many more.
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MARKET OUTLOOK, REAL ESTATE INVESTMENT
Businesswire | May 18, 2023
Cherre, the leading real estate data integration and insights platform, today announced its new Data Submissions Portal, a product that automates and streamlines data collection and reporting. Building on Cherre’s ability to connect all client data from internal systems and third-party data vendors, the Cherre Data Submissions Portal allows customers to easily collect data from their service providers and partners (including property managers, fund administrators, and joint venture partners) and use it to power faster and smarter reporting – while retaining complete control of the process.
The Cherre Data Submissions Portal solves the common challenges that investment managers and fund administrators face when collecting data from their service providers and partners. These challenges include manual mapping, validation, review, and approval; inconsistent data formats; incomplete or inaccurate data; delayed or missing reports; and a lack of transparency into submission status across providers within a cycle. The Cherre Data Submissions Portal automates and simplifies the entire data collection and reporting process, enabling customers to:
Choose from Cherre’s prebuilt library of financial, operational, and ESG submission templates, or to customize their own.
Manage master data mappings, including easily adding or editing the chart of account mappings.
Invite service providers and partners to submit data through a secure and user-friendly interface.
Validate and standardize data using Cherre’s robust library of validation rules.
Manage and track submissions through a configurable review, commentary, and approval workflow.
Review and approve data with one click, then access it in real time using Cherre’s asset management dashboards or export it to a downstream data warehouse or financial application.
“The Cherre Data Submissions Portal gives our customers unprecedented flexibility, control, and transparency over their submission cycles,” said Yuri Andersen, Senior Product Manager at Cherre. “Investment and fund managers can now easily collect and validate data from their providers in a scalable and secure way. This solution allows them to save time and money on data management, ensure accuracy and timeliness, and focus less on data wrangling and more on reporting and decision making on their assets.”
The Cherre Data Submissions Portal helps investment managers and fund administrators improve their data quality, efficiency, and transparency. By using the Cherre Data Submissions Portal, customers can:
Reduce manual data collection and reporting costs.
Increase data accuracy and completeness.
Accelerate reporting cycles.
Quickly onboard new third-party service providers and partners.
Monitor and assess the performance of their service providers and partners.
Enhance data-driven decision making and performance optimization across their portfolio.
“With the Cherre Data Submissions Portal, we have solved a long-standing problem for investment managers and fund administrators,” said L.D. Salmanson, CEO and Co-Founder of Cherre. “Unlike manual, outsourced, or subpar solutions, our portal offers a comprehensive and seamless way to collect, validate, approve, and access data from any source, providing our clients with a full and holistic solution for all their data needs.”
Thanks to the unprecedented flexibility of the portal and Cherre’s data engine, customers can ingest and map any type of real estate data including financial, operational, tenant experience, ESG, and endless other topics.
About Cherre
Cherre is the leader in real estate data and insight. We connect decision makers to accurate property and market information, and help them make faster, smarter decisions. By providing a unique “single source of truth,” Cherre empowers customers to evaluate opportunities and trends faster and more accurately, while saving millions of dollars in manual data collection and analytics costs. Cherre launched in 2016 and is located in New York City.
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REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING
PRnewswire | May 03, 2023
SeeCares, the world's premier artificial intelligence (AI) technology platform for streamlining commercial real estate financing workflows, announced today its strategic partnership with leading U.S. commercial real estate services firm Northmarq.
Northmarq is incorporating SeeCares technology to significantly reduce the processing time to prepare and deliver loan quotes. Lowering that time from days or weeks to a few minutes enables Northmarq to provide an even greater speed of service for their clients.
"With 7,000+ loans serviced, and $37B in deal volume annually, Northmarq is truly an industry leader and we're thrilled to be partnering together," said Moshe Yeli, CEO of SeeCares. "Their commitment to adopting AI in streamlining processes will ultimately put them at the industry forefront, and we're excited to help them reach more deals, at the best terms, more quickly."
The SeeCares platform will leverage data analytics compiled from hundreds of data sources, making them accessible and usable via AI technology. As a result, Northmarq's unique models will be filled with relevant market data to produce loan quotes within minutes.
"The SeeCares technology is revolutionizing this process at Northmarq, which will enable us to harness data and automation to streamline this strategic area of our business," said Jay Donaldson, president—Fannie Mae and FHA at Northmarq. "We look forward to continue collaborating with the SeeCares team and believe that harnessing data and automation to get clients smarter quotes faster will allow Northmarq to beat the experience and terms of any other commercial real estate lender in the market."
About SeeCares
SeeCares empowers CRE lenders, seller services, mortgage brokers, and sponsors to scale their business 10x faster using end-to-end underwriting automation and data aggregation. With SeeCares CRE stakeholders are able to optimize their analysis process and offer best-in-class service to their clients with instant loan quotes and credit memos. For more information, visit https://seecares.com.
About Northmarq
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes. For more information, visit www.Northmarq.com.
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