Real Estate Technology

Data-Driven Home Platform Kukun Expands Partnership With Digital Personal Finance Company SoFi

Kukun | July 14, 2021

Kukun, the leading company in property data and predictive analytics for home renovations, announced today that SoFi would integrate the new Kukun Digital Cost Estimator into the SoFi app through Relay, SoFi's financial management tool. This expansion builds on SoFi and Kukun's existing partnership, which began in 2018 when SoFi started offering Kukun and SoFi's Home Improvement Cost Calculator products to its clients. In addition, Kukun offers Relay users property data, photos, and property values using Automated Valuation Models (AVM) for individuals interested in learning more about specific home investments.

Relay will enable users to monitor the value of the owned real estate and handle different financial aspects related to the home by integrating Kukun's Property Tracking feature. Relay aspires to be the one-stop shop for SoFi members seeking a comprehensive understanding of their money. Real estate is often the most important financial investment, making it a crucial asset to monitor and manage.

Kukun's most recent Cost Estimator is now available on Relay, allowing consumers better manage their remodeling budgets for the greatest possible outcome, increasing the investment value of their homes.

Kukun will supply SoFi with Automated Valuation Models (AVM) and images and improve its existing digital estimator under the contract terms. The enhanced tool will include new rooms such as a home gym and an office and a real-time assessment of the return on investment (ROI) of any remodeling project.


About Kukun

Kukun is the leading provider of property data and predictive analytics, allowing homeowners to buy better, remodel smarter, and manage their homes more easily. Kukun's products assist customers, realtors, and real estate investors make smart financial decisions that create wealth. The company offers solutions that show which areas are likely to see the most price growth, profit from home improvements, estimate the cost of any renovation quickly and contain all of the information a house buyer or homeowner needs to optimize their home experience. Kukun's data and analytics solutions are also used by large companies in the investment, real estate, construction, and banking sectors. For example, Kukun is the only real estate renovation engine utilized on the websites of several of America's largest banks.

About SoFi

SoFi assists people in achieving financial independence so that they can pursue their objectives.  Our products for borrowing, saving, spending, investing and protecting provide our more than one million members with quick access to tools to help them manage their money. In addition, SoFi membership includes the essentials for going ahead, such as career advisors and access to a thriving community of like-minded, ambitious individuals. SoFi Stadium, home of the Los Angeles Chargers and Rams, also has SoFi as a naming rights partner.

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Covius Announces New Digital Home Equity Title Solution With Pre-Screening Component for Banks and Credit Unions

PRnewswire | July 12, 2023

Covius, a leading provider of technology-enabled solutions to the financial services industry, announced today that its Settlement Services division has introduced a new home equity decisioning solution that significantly accelerates the origination process and gives lenders early insight into property and/or borrower issues that could expedite or delay decisions. The Covius Home Equity Solution will allow bank and credit union clients to offer a streamlined origination experience to their home equity customers. For example, title and tax reports that used to take 3 or more days are now delivered in hours on a majority of loans, enabling closings to occur in as fast as 5 days, as opposed to the industry average of 20-plus days. The new solution also features Covius Loanscape, a separate point-of-sale component for lenders that provides critical property and consumer insights in fewer than 45 seconds. This report reveals title, valuation and credit information that enhances a lender's loan origination workflow, coupled with expedited decisioning and abbreviated closing timelines. The Covius Home Equity Solution is fueled by Flueid's leading title data and decisioning platform, Flueid Decision, as an expansion of the companies' integration announced in February 2023. Joe Chappell, Executive Vice President of Operations at Covius, said, "The demand for home equity products is extremely strong, but the competition for this business is intense. Our new solution[s] enable clients to differentiate themselves by delivering a modern, streamlined customer experience, beginning at point-of-sale and continuing throughout the underwriting and closing processes. "In seconds, Covius Loanscape allows lenders to determine if the loan qualifies for an expedited clear-to-close. Sharing this information at the point of sale empowers lenders to set borrower expectations more accurately, better prioritize orders and improve overall pipeline performance. Likewise, lenders will know that a lead on a property will not meet criteria before ordering full credit, valuation or other third-party products, and having underwriters spend days on an application that will be declined. This is especially valuable with home equity origination, where many costs are absorbed by the lender." About Covius Covius is a trusted provider of services, insight and technology to leading financial companies. Covius' technology-enabled solutions deliver operational efficiencies, mitigate risk and empower compliant decisions and borrower interactions. Covius businesses are recognized leaders in loss mitigation, document and data solutions, title and settlement services, compliance and critical borrower communications, lien release tracking and preparation, HOA tracking, quality assurance, REO asset management and auction services, credit reporting and verification, capital markets due diligence and oversight, insurance policy analysis as well as rapid-development, customizable cloud-based business process solutions. The company was named a 2023 HousingWire Tech100 winner. For more information about the company and its services, visit www.covius.com.

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Real Estate Technology

Mohr Partners' U.S. Expansion Continues with New Office in Phoenix

PRnewswire | August 18, 2023

Mohr Partners, Inc., a top-three global corporate real estate advisory & outsourcing services firm, is continuing its United States expansion with the recruitment of Jean Jensen and Emily Carden to open a new office in Phoenix, Arizona. Jensen will serve as Mohr Partners' market leader and broker of record for Arizona, while Carden will continue her partnership with Jensen as a Senior Associate. Both previously worked with Coldwell Banker Commercial. "Mohr Partners has built a best-in-class corporate real estate advisory platform," Jensen said. "That will allow my occupier clients to make better strategic decisions around site selection by incorporating labor, logistics, incentives in addition to real estate to optimize their owned and leased real estate portfolios." "Many of our national global corporate services clients have existing operations in the Greater Phoenix area or are looking at relocating their businesses to Arizona," Robert Shibuya, Mohr Partners Chairman & CEO said. "Consequently, we decided it was important to recruit a top local team and establish a corporately owned office to meet this demand." Earlier this year, Mohr Partners announced new offices in Reno, Nevada, and Raleigh-Durham, North Carolina. Those expansions, together with Phoenix, are part of a planned U.S. expansion plan that will continue in 2023 and beyond. About Mohr Partners, Inc.: Mohr Partners, Inc. is a global corporate real estate advisory & outsourcing company, providing corporate occupiers with an integrated set of portfolio services including strategic planning, business intelligence, lease administration & accounting, research and site selection, labor analytics, project and construction management, comprehensive demographics analysis, economic incentives negotiations, transaction management and facility services. Since 1986, Mohr Partners has been managing real estate portfolios for corporations, and each year completes transactions for its clients in all 50 U.S. states, all provinces of Canada and locations around the world. Mohr Partners seamlessly provides corporate real estate services globally through its strategic alliance partners in Canada, Mexico/Latin America, EMEA and Asia Pacific.

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Market Outlook, Real Estate Investment

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PRNewswire | August 02, 2023

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These features enable builders to showcase their homes, amenities and details in one convenient place, and soon, the features will be accessible to both Zillow and Redfin shoppers. Upon the launch of the partnership, Redfin will source non-MLS new-construction listings exclusively from Zillow. New-construction listings available through an MLS will still be discoverable on Redfin. About Zillow Group Zillow Group, Inc. is reimagining real estate to make home a reality for more and more people. As the most visited real estate website in the United States, Zillow and its affiliates help people find and get the home they want by connecting them with digital solutions, great partners, and easier buying, selling, financing and renting experiences. Zillow Group's affiliates, subsidiaries and brands include Zillow®; Zillow Premier Agent®; Zillow Home Loans℠; Zillow Closing Services℠; Trulia®; Out East®; StreetEasy®; HotPads®; and ShowingTime+℠, which includes ShowingTime®, Bridge Interactive®, and dotloop®. About Redfin Redfin is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with same day tours, and our lending and title services help them close quickly. Customers selling a home in certain markets can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Customers who buy and sell with Redfin pay a 1% listing fee, subject to minimums, less than half of what brokerages commonly charge. 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