MARKET OUTLOOK, REAL ESTATE INVESTMENT
The Agency | March 09, 2023
The Agency, a global real estate brokerage company, recently launched a new franchise office in Toronto West. With the new office in Toronto, the company has fourteen offices in Canada and three in Toronto. It joins the brokerage's growing network with the recent launch having more than 75 offices in the US, Mexico, Canada, Europe and the Caribbean. Industry veterans Katia Bailey, Paul Greenberg, and Steve Bailey, as Managing Partners and Matt Lionetti, Managing Director, will run the new office named The Agency Toronto West.
The company has expanded globally throughout the last year, making it one of the fastest-growing luxury boutique brokerages worldwide. The independent brokerages owned by the company are referred to and integrated as genuine global partners. Every Managing Partner, from corporate or independently-owned offices, functions as a unified, genuine global network. The Agency's global partners have access to technology, tools, leadership, marketing, training and public relations in the company's corporate offices. Within the first quarter of the current year, it launches six new offices, including the recent launch of the Toronto West office, with more on the horizon in the coming months.
The Agency's well-known brand has been featured on international television programs like Buying Beverly Hills, which premiered on Netflix on November 4, 2022, along with The Real Housewives of Beverly Hills as well as Million Dollar Listing Los Angeles. The Agency has expanded to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. Additionally, The Agency was recently ranked 21st on the RealTrends 500 list for 2022 and led the top 50 firms in average sales price by sides at $2.5 million. Additionally, the Agency was named Inman's Luxury Brokerage of the Year in 2022.
About The Agency
The Agency is a global brokerage real estate company with agent-first, tech-driven boutique luxury representing clients worldwide in various classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. The Agency adopts a collaborative business strategy, departing from the traditional brokerage model and fostering a culture of partnership in which all clients and listings are represented in a collaborative setting. The shared resources and networks of the entire global team benefit the agents and clients. It has closed over $57 billion in real estate transactions since 2011, including 70 offices in 10 countries, with its headquarters in Beverly Hills, California.
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.
Avalara | February 24, 2023
On February 23, 2023, Avalara, a software development company dedicated to the real estate sector, announced the launch of its new digital business solution, Avalara Property Tax, for real and personal property tax management, enhancing tax compliance with cloud-based automation.
This solution would assist accounting and businesses professional in managing their complete property tax portfolio and compliance activities. In addition, it supports their activities like preparation of business personal property renditions, procession and handling of tax bills, assessments, and appeals.
There is a necessity for a more flexible and customizable solution for businesses, especially with in-house property tax compliance. Its solution helps the huge workloads with the SaaS facility of a secured central hub for property tax compliance operations over real and personal property. It facilitates the tax data like tax bills and assessments in the mail platform from various jurisdictions. It scans documents in a single secured platform with accuracy and automation to the selected account. In addition, it offers due date tracking, a feature created to avoid late payment penalties as it is difficult to assimilate due dates, discount opportunities, terms, and conditions separately.
EVP and GM of Indirect Tax, Avalara, Jayme Fishman, said, “Today, property tax is one of the most challenging business compliance activities. This challenge is due to the complexity of preparing personal property returns and the downstream implications of assessments and tax bills for real and personal property. Further complications arise from many jurisdictions having different due dates and terms, varying state depreciation schedules, and getting data out of client systems to feed into the process.” He added, “Our new property tax software solution follows our core mission of making taxes less taxing by offering businesses and accountants a more effective way to manage their property tax compliance and reduce errors while saving valuable time and money.”
(Source – Business Wire)
Headquartered in Seattle, Washington, Avalara, a cloud-based tax compliance solutions provider for businesses, offers sales tax automation and compliance services, tax return filing services, e-commerce integrations and exemption certificate management. Founded in 2004, it gives robust cloud-based solutions for tax compliance automation with efficiency and accuracy in real-time scenarios across the United States and worldwide. It delivers services for over 30,000 customers, and about 1,400 signed partner integrations for EPR, accounts, e-commerce, POS, CRM systems, and recurring bills of business applications. In addition, it supports tax transactions like sales, usability, excise, communication, lodging, VAT, GST, and indirect taxes.