MARKET OUTLOOK, REAL ESTATE INVESTMENT
FirstBank | February 23, 2023
FirstBank, a Nashville-based community banking provider to businesses, families, and individuals, recently announced an investment in Zippy, the fintech company that offers seamless manufactured home loans. By combining its knowledge with Zippy's groundbreaking technology, FirstBank is able to increase access to affordable homeownership and demonstrate its dedication to providing cutting-edge banking solutions for its local communities.
Zippy is at present available in nine states including Kansas, Virginia, Missouri, Georgia, Alabama, Michigan, Texas, Arizona, and Indiana, and intending to double its current footprint in 2023. Zippy supports customers access for community-sold homes in master-planned communities that provide homeowners with amenities through the home loans the company offers. The amenities it helps with include workout facilities, community pools, playground and more.
FirstBank has a vast experience in home lending manufacturing, and with investment in Zippy it will offer manufactured homes that are well-constructed and provide much-needed affordability amidst the current housing crisis in the United States. Zippy was created by former JP Morgan bankers, CEO Ben Halliday, and COO/President Jordan Bucy. They became community owners after acquiring a manufactured home community and completing a four-year renovation project. This experience gave them insight into the challenges facing the industry and a respect for the manufactured housing model. They then developed a unique online platform that can provide competitive loans in just five days.
Wade Peery, Chief Innovations Officer at FirstBank, said, "FirstBank has extensive experience in manufactured home lending and has invested in fintech partnerships that enable us to offer innovative solutions that meet the needs of our customers.“ He also said, "In today's housing market, finding new paths to affordable homeownership is critical. This partnership will make buying a home possible for many new individuals and families."
(Source: Cision PR Newswire)
About FirstBank
FirstBank is based in Nashville, Tennessee, and has 82 full-service branches in Tennessee, South Central Kentucky, Alabama, and North Georgia, in addition to mortgage offices located throughout the Southeast. The company is a wholly owned subsidiary of FB Financial Corporation with an approximate total assets valued at $12.8 billion. Established in 1906, FirstBank's approach to serving businesses, families, and individuals within the communities it calls home has prioritized local banking. FirstBank has grown through acquisitions and internal expansion to become a leading provider of core banking services.
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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Tavant | March 08, 2023
On March 07, 2023, a Silicon Valley-based custom AI-powered solutions provider, Tavant, announced the launch of Proptech 3.0, its latest phase in Real Estate Technology. This phase of Tavant's Proptech evolution introduces innovation to the real estate industry by providing end-to-end solutions and AI-powered analytics that optimize the ecosystem for all stakeholders. Its extensive and reliable knowledge base allows its partners to unlock the maximum potential of their data while achieving impact and quality at each stage of the data monetization process. Additionally, its multi-sector, multi-generational experience allows scaling start-ups and industry leaders like the nation's third-largest home builder to empower the digital transformation of its adjoining business units to increase flexibility and efficiency, creating a more complete and overall competitive business.
Tavant's revolutionary Touchless Lending® automation solution enabled 9,656 homeownership dreams per day, underwrote more than 80,000 loans, and improved revenue by 250% from the prior year on customer growth of 200%. At the same time, the Proptech sector has been stable over the past year. In addition, Tavant has remained dedicated to its craft and has been awarded the 'HousingWire Real Estate Tech 100 Award' for the third consecutive year.
Tavant develops automated solutions to improve how buyers, sellers, and investors use mobile apps and search engines to find realtors and other critical resources. It automates and optimizes data workflows for enterprises of all sizes to launch revolutionary digital-first solutions and help them become industry leaders. It delivered custom technology solutions to a partner hyper-focused on building affordable housing, automating the end-to-end loan application process, and connecting third-party financial systems while working with actively changing state regulations to create one seamless and effective system for partners, providers, and consumers.
About Tavant
Tavant, a digital products and platforms provider, offers impactful results to North America, Europe and Asia-Pacific customers. Based in Santa Clara, California and established in 2000, the company employs more than 3000 people. Its talent extends beyond the residential real estate market. It is the premier implementation partner for businesses seeking to transform, scale, and stay ahead of the curve, with its 23 years of resilience, recent expansion into Europe and Asia-Pacific, and metamorphic milestones. It has created an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies, and enhancing collaboration.
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REAL ESTATE TECHNOLOGY, HOME AND DESIGN
Curbio | February 28, 2023
One of the leading pay-at-closing home improvement solutions provider for the real estate industry, Curbio, Inc., recently announced the release of its new mobile app. The new app enables real estate agents and sellers to get instant estimates for pre-listing home improvement costs and projected ROI allowing them to unlock the actual value of their home with smart, ROI-driven updates.
Curbio's new mobile app is among the pioneers in the home improvement industry, providing convenience, speed, and pricing transparency. At the click of a button, realtors and homeowners can obtain immediate cost and ROI estimates for repairs, updates and renovations. In addition, Curbio's users can either start immediate work with the platform or use this information to make an informed decision regarding pre-listing and pre-sale home improvements.
Curbio's newly launched mobile app offers a user-friendly solution for real estate agents and sellers seeking pre-listing home improvement cost estimates and projected ROI. After entering property details, users can select from a range of home improvement projects, with estimated costs and ROI projections provided for each. This information can be used to request a project proposal from Curbio, with zero fees or interest required for payment at closing. The app aims to help users maximize their property value with smart, ROI-driven updates. The app's cost and return on investment information are based on Curbio's extensive project portfolio. Information is tailored to the specific market, project scope, and project type.
The Curbio mobile app also offers estimates for inspection-related repairs. Agents and their clients can now upload inspection reports directly to the app, and Curbio will provide a same-day, no-obligation estimate of the necessary repairs.
About Curbio
Founded in 2017, Curbio is a company that offers real estate agents and homeowners deliver hassle-free home improvement experiences. The company has rapidly become the largest national provider of pre-listing repairs, updates, and renovations. It has also helped modernize home improvements within a user-friendly app, boost project timeliness by 50% and remove delays and uncertainties restricting home improvement in the past. Based in Potomac (Maryland), Curbio is trusted by over 800 brokerages nationwide.
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