REAL ESTATE INVESTMENT, MORTGAGE AND LENDING
New American Funding | March 06, 2023
New American Funding, an independent mortgage lender, recently announced its partnership with Patch, the hyper-local news platform, to become its exclusive mortgage provider. Through this partnership, NAF will be featured prominently in Patch's weekly newsletters in more than 1200 communities worldwide and on the real estate and mortgage hub on each of Patch's community websites.
Patch offers unique news and information for over 1200 communities throughout the nation at present. By the end of the year, Patch plans to grow in a big way. With Patch, NAF is also a nationwide provider company, creating it as a natural partnership. By collaborating with NAF, Patch can offer its readers access to reliable mortgage services through a reputable provider. As Patch's growth continues, this partnership with NAF is poised to help both companies reach a wider audience and meet their business goals.
CEO and Co-Founder of New American Funding, Rick Arvielo, said, "As the way families find companies to work with evolves, so do the ways we can reach them," He also said, "This partnership will put our company in front of millions of people, giving us a great opportunity to educate them about the various loan options we offer and show them how we can help them achieve their dreams of homeownership."
(Source – Cision PR Newswire)
About New American Funding
Founded in 2003 as an independently-owned and operated mortgage lender, New American Funding has 165 branch offices nationwide and a servicing portfolio of over 243,770 loans worth about $64.3 billion. J.D. Power in Customer Satisfaction in 2022 ranked New American Funding as #1 among Mortgage Servicers. Furthermore, in 2022, the company ranked 18th on Fortune's list of the 100 Best Companies to Work For®. The company provides its Loan Officers with cutting-edge tools to help them streamline the mortgage process and offers advanced career training. Based in Tustin (California), it is committed to providing impartial mortgage education to the broader public.
REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
Grace Hill and Ellis | January 02, 2023
Grace Hill, a pioneer in talent and customer management solutions for commercial and multi-family real estate, recently announced that it acquired Ellis Partners in Management Solutions (Ellis), a provider of mystery shopping and resident and employee survey solutions, and Edge2Learn, an e-learning company offering training and policy management solutions in the multifamily industry. However, the financial details of the transaction weren't revealed.
To aid property owners and operators in retaining top talent and enhancing the financial performance of their properties, Edge2Learn and Ellis offer online training in addition to policy, survey, mystery shopping, and data-driven insights. Over 600 online training courses catering to the needs of multi-family rental communities in the conventional, affordable, student, and senior markets have been developed by the companies. The merged business will offer a cutting-edge employee and property intelligence platform that improves productivity and profitability.
Grace Hill stated that both Edge2Learn and Ellis share the company's dedication to creating world-class training, mystery shopping, and management solutions to assist industry-leading real estate operators and owners in maximizing property performance, mitigating operational risk, and cultivating the talents of their workforce.
Among real estate training and feedback providers, Grace Hill, Edge2Learn, and Ellis have earned a well-earned reputation as industry leaders. Edge2Learn and Ellis are thrilled to join forces with Grace Hill and Aurora groups to form a truly innovative business that meets their combined clientele's current and future needs.
According to Aurora, Grace Hill is a market leader in its own right with enormous expansion potential, and this is the kind of game-changing deal it would like to close early in its hold period.
Since forming a strategic partnership with Aurora in May 2021, Grace Hill has added Kendall Pretzer as CEO, Charles Loop as CFO, Todd Harkness as CRO, Rob Beauchamp as CPO, and Traci Johnson as CMO to its executive ranks. Grace Hill was assisted by the law firms of Massumi + Consoli LLP and Gibson Dunn & Crutcher LLP.
About Grace Hill
Grace Hill offers cutting-edge SaaS technology solutions for the real estate market, intending to improve people's daily lives in their communities. By drawing on its extensive background in the real estate industry and its knowledge that 'people are better together', Grace Hill assists property owners and managers in boosting their properties' profitability, decreasing operational risk, and training future leaders. Grace Hill's talent performance solutions include policy, training, assessment, survey, and data-driven insights, and are relied on by over 500,000 professionals at over 1,700 businesses.
Ellis, Partners in Management Solutions (EPMS) has helped multi-family housing companies evaluate their sales and marketing effectiveness for over 35 years through its Apartment Mystery Shopping program. Using a multi-step process that captures the customer experience as a whole – from objective technique (shops) to subjective feedback (surveys) to emotional impact (social media) – Ellis offers customers easily attainable solutions that drive customer loyalty, resident retention, and profits.
MORTGAGE AND LENDING, INVESTMENTS
Newfi Lending and Tavant | February 22, 2023
Newfi Lending, a tech-focused multi-channel mortgage lender, and Tavant, an industry-leading digital lending solutions provider, recently announced the successful integration of the digital mortgage experience of Newfi with Touchless Lending® Document Analysis. This partnership will advance the mortgage industry adds a significant step in the evolution of Newfi's business and marks Tavant's official expansion into Non-QM Lending.
Document Analysis is a product of Tavant's Touchless Lending® automation platform. It is designed to work seamlessly with existing lender systems, such as CRMs, Loan Origination Systems (LOS), Point-of-Sale, and document management systems. It completely transforms document processing by optimizing document-related workflows, and accurately automating document classification, splitting, indexing, categorization, data extraction and pairing with borrowers. Utilizing Touchless Documents will offer Newfi a more simplified and smooth experience for all involved stakeholders.
The partnership between Tavant and Newfi to add Touchless Documents to their digital mortgage experience will include machine-oriented classification and Exception Processing for documents with low confidence rates. This will make it possible to process documents from beginning to end. In addition, the processed records are sourced from Newfi's Broker Portal (BLU), the platform's Origination Experience designed for brokers and TPO partners and integrated with Touchless Lending®.
Newfi is fully deploying the Document Analysis solution into production. This is the first step in integrating Newfi with Touchless Lending®. In this year's beginning, the platform's automated Credit Analysis and Collateral Analysis will be in place. Tavant proactively foresees customer needs and adapts accordingly to offer the correct configurable solution according to the requirements.
About Newfi Lending
Newfi Lending was established in 2014 by a group of experienced industry professionals to revolutionize the mortgage experience. The company has transformed the lending process through a unique blend of cutting-edge technology and innovative product design, providing customers with a more streamlined, transparent, and efficient transaction. By leveraging advanced data analytics and machine learning algorithms, the company can tailor loan products and services to meet each borrower's unique needs and preferences, resulting in a more personalized and practical lending experience.
Tavant has been one of the industry's leading software and solutions providers for over 20 years. Its Touchless Lending® platform maximizes data-driven decision-making to address even the most intricate lender and borrower challenges. One out of every three U.S. loans contributes to the expansion of Tavant's customer base. Based in Santa Clara (California), it is a digital products and solutions provider to its customers across North America, Asia-Pacific and Europe.