MORTGAGE AND LENDING
CoreLogic and Big Purple Dot | October 20, 2022
Big Purple Dot, provider of an ecosystem of mortgage marketing technologies has tapped CoreLogic ®, a leading global property information, analytics, and data-enabled solutions provider, to launch a mortgage recruiting platform that provides detailed production data on loan originators (LOs) and a customer relationship management (CRM) service to help lenders in their recruiting efforts. The platform will be powered by CoreLogic data.
Using the most current and accurate data, and analytics per loan officer available in the industry, supplied by CoreLogic, and the framework of Big Purple Dot's lead management and CRM system, the new recruiting platform enables the mortgage industry to analyze a loan officer's, lender's and broker's loan production volume, loan type, number of loans generated and smartly reach out to them with technology tools such as video messaging, SMS and automated marketing, at scale, to engage top talent through all stages of the hiring process. The new platform also includes built-in contact information, including the originator's email address, cell phone number, and physical address.
"Our new product performs a deep dive into each loan originator's production metrics, providing unrivaled mortgage insight and technology to help loan originators not only hire but to also effectively forecast and operate their business,"
- Big Purple Dot CEO Roxana Davidoff
When it comes to mortgage CRM technology, Big Purple Dot is at the forefront, Given Big Purple Dot's unique position as a mortgage CRM leader, this strategic alignment is an excellent opportunity to help loan originators make better choices when hiring LOs,Brian Battaglia, executive, Property Intelligence at CoreLogic said.
CoreLogic is the nation's leader in mortgage data, so they were the ideal data source to help create the industry's most powerful recruiting platform, Not only does this new platform reflect our shared vision and goals, we believe it will also forever transform how mortgage lenders recruit top sales professionals,Davidoff said.
According to Big Purple Dot, an independent mortgage banker has already used the platform to recruit originators and has since generated an additional $450 million in volume from those originators. The mortgage banker used a single text message CRM campaign.
In today's challenging market, lenders need to know more loan production details when hiring prospects to ensure they will excel. This new recruiting platform gives lenders everything they need to know, Big Purple Dot President and Chief Technology Officer Aldo Sarmiento said.
Even after new loan originators are hired, the recruiting platform's CRM capabilities continue to help build on those relationships within the organization.
About Big Purple Dot
Irvine, California-based Big Purple Dot provides an ecosystem of marketing technologies and products that enable real estate professionals and mortgage originators to generate and manage customer relationships and grow business. At the heart of the Big Purple Dot ecosystem is a CRM lead management platform that leverages predictive analysis as well as personalized, prebuilt marketing content, automated marketing campaigns, and SMS/MMS video services all in a single platform that additionally lets users connect with their partners and others on their team throughout each transaction.
CoreLogic is a leading global property information, analytics, and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources include over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance, and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe, and Asia Pacific.
REAL ESTATE INVESTMENT
Arturo and Vexcel | September 12, 2022
Arturo, the proptech company that delivers intelligent analytics from individual property to portfolio, announced today that it signed Vexcel Imaging, the leader in aerial imagery data, large-format aerial cameras and photogrammetry software, to be a lead imagery provider for its solutions. As part of the agreement, Vexcel will provide Arturo with true ortho imagery, oblique imagery and digital surface models (DSMs). In addition, 'Gray Sky' imagery or imagery taken after a catastrophic event occurs will be available for use.
High-fidelity property insights derived from imagery are an increasingly critical asset for property insurers who are challenged to assess and identify vulnerable property characteristics during the underwriting and quoting process, so they clearly understand their resting risk. Arturo’s partnership with Vexcel offers the unparalleled imaging capabilities modern insurance carriers seek in today’s rapidly evolving property market. It will also allow insurers to create risk and property damage mitigation strategies with their policyholders as well as faster, more accurate responses to claims after a catastrophe.
“This is a hard market for insurance. Carriers are caught between gauging their risk correctly up front and contending with the reality of increasingly volatile catastrophic weather events. Property insurers are tasked more than ever to have a thorough understanding of a property’s risk while also keeping costs down, so if an event does occur they can both keep regions insurable and their customer response rapid and efficient, We spent a lot of time collaborating with Vexcel to both ensure a partnership that was beneficial to our mutual customers and provide us greater flexibility in working with our insurance clients across the policy lifecycle. We recognized that not all imagery is created equal nor all machine learning analytics which is why coupling Arturo’s AI property intelligence solutions with Vexcel’s imagery will allow insurers to stay a step ahead of natural catastrophes, so they can accurately underwrite future policies and manage future claims with ease.”
-Greg Oslan, chief executive officer for Arturo
After much testing and rigorous analysis, we are pleased that Arturo has standardized on our best-in-class imagery to unlock better property insights for insurers, Our focus at Vexcel is to provide consistent, accurate and high-resolution imagery to customers who need a scalable solution in multiple countries. Using its AI and ML, Arturo analyzed properties in a variety of locations and found the results they needed to understand property risk and intelligence,said Rob Agee, chief operating officer at Vexcel Imaging.
Vexcel and Arturo’s collaboration will initially provide imagery for the United States and Australian markets.
Arturo combines AI and machine learning models with property images to help businesses decide with intelligence from the property to portfolio level. Across the insurance, lending, securities and real estate markets, Arturo empowers customers with on-demand, accurate property characteristics and predictive analysis to tackle the biggest property challenges with efficiency, accuracy and confidence.
For 30 years, Vexcel’s award-winning technology has led the photogrammetry and remote sensing industry. Using its professional-grade UltraCam sensors and a dedicated fleet of aircraft, Vexcel operates the world’s largest aerial imagery and geospatial data program. Vexcel collects imagery in 25+ countries including rural and urban areas in the contiguous United States. It provides a wide variety of high-resolution products from Oblique to True Ortho, DSM to Multispectral and Property Attributes. Its cloud-based aerial data improves workflows across a variety of industries.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
CHERRE and DEALPATH | September 28, 2022
Cherre, the leading data integration and insights platform, today announced a brand new data partnership with Dealpath, the industry’s most trusted, purpose-built real estate platform, empowering hundreds of today’s leading institutions such as Blackstone, AEW, Oxford Properties, Nuveen, Principal Real Estate, and Bridge Investment Group to invest digitally in the built world. This news comes on the heels of Dealpath’s momentous $43M Series C round led by Morgan Stanley Expansion Capital with participation from key existing investors including Blackstone, 8VC, JLL, Nasdaq Ventures, and GreenSoil PropTech Ventures.
"Understanding granular details associated with investment pipeline and portfolio analytics is critical for institutional investors to deliver optimal, risk-adjusted returns, Integrating Dealpath’s unmatched investment pipeline as well as portfolio management data into Cherre enables mutual customers to maximize the information edge and glean critical data driven insights."
-L.D. Salmanson, CEO & Co-Founder, Cherre
Through this collaboration, top CRE investment management firms leveraging Dealpath will be able to pull their pipeline and deals data into Cherre’s market-leading platform. This will enable deeper visibility and insights that drive core investment strategies, underwriting and performance. As the integration continues to evolve, shared customers will be able to access property, market, and other important contextual data about assets in the acquisition pipeline.
Cherre's award-winning platform seamlessly connects disparate real estate data, enabling its customers to automate workflows, in addition to building out predictive analytics. With Cherre, customers can evaluate opportunities and trends faster as well as more accurately, while saving millions of dollars within the manual data collection and analytics costs.
Dealpath couldn’t be more excited to partner with Cherre to enable the industry to best leverage data that powers more informed and accurate investment and underwriting decisions, Our team designed Dealpath as an open platform that easily interacts and integrates with other key market-leading digital tools in today’s modern real estate tech stack. Cherre was a given. Our customers will be able to connect real-time deal pipeline and portfolio data with critical public, private & data to gain deeper insight,said Mike Sroka, CEO and Co-Founder, Dealpath.
From pipeline through portfolio management, Dealpath serves as the investment command center, the single source of truth that provides vetted, real-time deal information, together with associated files and tasks, fueling data-driven analysis as well as decisions to achieve optimal, risk-adjusted returns. To date, Dealpath has supported more than $10T in transactions globally. Safeguarded with an institutional-level security in compliance with SOC 2 Type 2 Dealpath enables investment managers to operate at scale with speed and precision by providing easy access to data and effective internal and external collaboration across teams, partners, and vendors. With off-the-shelf efficiency and ease-of-use it enables cross-functional teams to engage seamlessly with centralized data that updates in real-time from anywhere, flexible in configurability to meet your preferences.
It is great to see two leading CRE vendors come together to deliver cohesive digital platforms to the commercial real estate industry. We need more partnerships like this between top solution providers to continue to advance the conversation and innovation in our industry, a global consulting firm to the alternative investments industry that has worked closely with both Dealpath and Cherre on data integrations,said Naseem Wenzel, Executive Director and Head of Real Assets North America at Lionpoint Group LLC
Cherre provides investors, insurers, real estate advisors, and other large enterprises with a platform to collect, resolve, and augment real estate data from hundreds of thousands of public, private, and internal sources. 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.
Dealpath is real estate’s most trusted cloud-based investment management platform, providing real-time access to vetted, secure and up-to-date investment data to empower collaboration, strategic and predictive decisions. Investment as well as development firms leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics and collaborative workflows, driving maximum performance from pipeline through portfolio management. Founded in 2014, Dealpath’s supported over $10 trillion in transactions with leading institutions across the globe.