REAL ESTATE TECHNOLOGY
MRED | August 19, 2022
Midwest Real Estate Data, one of the nation’s largest multiple listing services (MLS), announced the launch of connectMLS service to the Central Illinois Board of Realtors.
CIBR joins 15 other REALTOR® associations in Illinois which contract with MRED to receive MLS and real estate-related services. This partnership adds CIBR’s 575 agents to more than 50,000 real estate professionals who already rely on MRED’s connectMLS. That network includes 43 Illinois counties.
CIBR serves an area with more than 450,000 residents in 19,000 households across 22,000 housing units.
Some of the new benefits MRED will be bringing to CIBR’s members include a best-in-class connectMLS system along with products like InfoSparks, Remine, Cloud CMA, TrustFunds, Homesnap and an award-winning Help Desk.
Midwest Real Estate Data (MRED) is dedicated to serving nearly 50,000 real estate professionals in more than 7,500 offices. The MLS serves Illinois and portions of southern Wisconsin and northwestern Indiana. MRED is a member of the Real Estate Standards Organization (RESO), MLS Grid and the Broker Public Portal.
REAL ESTATE TECHNOLOGY,REAL ESTATE ADVICE
Keller Williams | September 16, 2022
Keller Williams (KW), the world’s largest real estate franchise by agent count, has launched the KW Real Estate Planner community for agents to train and mastermind on providing clients with wealth management services.
“As the housing market continues to shift, we’re leaning heavily into the value of business communities to enable our real estate entrepreneurs the opportunity to thrive, As part of a community, our agents are gaining a greater sense of connection, empowerment and impact while staying focused on business growth.”
-Sajag Patel, chief operating officer, KW
KW Real Estate Planner (REP) is a community based around certification, training and networking opportunities for agents to grow and mastermind skills on wealth management for their clients.
An emerging community, KW REP is led by Dan Ihara, who serves as its’ director. Ihara is also the founder of the Honolulu, Hawaii-based The Ihara Team.
KW Real Estate Planner is a new community designed to help our Keller Williams agents help their clients build wealth and transfer wealth, Agents can elevate their game from being a very good, seasoned real estate agent to a real estate planner that the wealthy will look at for advice,said Ihara.
Diversity, Equity, and Inclusion (DEI), a community for business growth using diversity and inclusion best practices, has also launched monthly masterminds.
The new DEI masterminds are conducted with leaders from KW’s Social Equity Task Force and KW agent-led affinity groups, such as the Hispanic Leaders of Real Estate, KW Black Real Estate Network, KW CHISPA, KW Pan-Asian Group, KW Rainbow Network, KW Signs, and the Lady Leaders of Real Estate.
KW New Homes, a community for business growth opportunities in new construction and land development, has launched new modular training. The training is focused on the best practices of supporting buyers with new construction buys, earning additional builder business and solidifying land developer partnerships.
KW agents who join a KW community have access to specialized training, technology, coaching, mastermind events and referral opportunities.
About Keller Williams
Austin, Texas-based Keller Williams (KW), the world’s largest real estate franchise by agent count, has more than 1,100 offices and 200,000 associates. The franchise is also No. 1 in units and sales volume in the United States. Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders.
REAL ESTATE TECHNOLOGY
Built Technologies | August 01, 2022
Built Technologies, a leading software provider for real estate lenders and the construction industry, announced that it has acquired Nativ, a leading deal management platform for commercial real estate (CRE) lenders. The acquisition will enhance Built’s existing product suite for commercial lenders and enable improved underwriting and asset management capabilities across construction, transitional, and stabilized assets.
Built Co-Founder and CEO Chase Gilbert said, “After years working with top real estate lenders in the US and Canada, our customers began voicing their desire for us to help them solve new problems beyond just managing their construction loans. Our customers were experiencing difficulties with the underwriting and asset-management of loans as well as with aggregate portfolio management and reporting. When we were introduced to Nativ, the powerful tools to streamline these very processes were an obvious fit. This acquisition will also give Built access to a rich data set for how various real estate assets are performing, allowing us to provide innovative risk intelligence products to our customers over time.”
“Built’s construction lending solution offers our real estate clients an enhanced banking experience and aligns with Regions’ goal of innovating through technology. The recently announced collaboration between Built and Nativ is exciting, as the combined platform specializes in both construction and stabilized commercial real estate transaction management and allows lenders to work in their native workflows–all while benefiting from a centralized, audited, and enriched data model in the cloud.” – Tan Phillips, Regions Real Estate Banking
CRE lenders often silo information required to make intelligent lending decisions. Managing this information manually is expensive and exposes lenders to unnecessary risk. This approach prevents lenders from making strategic decisions in a timely manner, constraining growth and hurting portfolio profitability.
Nativ’s platform solves this by:
Providing a centralized, collaborative system of record that synchronizes deal data across each loan stage
Enabling lenders to integrate portfolio management while preserving familiar or “native” workflows including spreadsheets, and complementing common loan origination and servicing systems
Layering on alerts and monitoring to validate loan covenant compliance
Delivering flexible portfolio analytics, reporting and monitoring to manage risks and automate common tasks
“Joining forces with Built will fundamentally change how lenders and owners work together, Lenders have long been underserved by a lack of modern, industry-specific tools to speed the process of closing and managing loans. Together, we will change the way lenders and owners transact in the entire ‘built’ world.”
Jeff Saul, Co-CEO and Co-Founder, Nativ
Saul and co-founder Adam Kerr join Built’s leadership team. The deal brings Built’s headcount to over 430 and expands the company’s presence in New York City. Built now serves over 220 lenders, including some of the largest non-bank lenders such as AllianceBernstein, Prime Finance and Benefit Street Partners.
Built is the leading provider of construction and real estate finance technology. By providing a centralized platform for all stakeholders, Built enables increased efficiency, collaboration, transparency, and business agility—with decreased risk—allowing customers to improve the way that the communities around them are built and managed. The Built platform is used by more than 220 leading North American lenders and asset managers, and thousands of developers, home builders and contractors.
Nativ is a leading enterprise software provider to the Commercial Real Estate investment industry. Nativ has helped clients across the country invest in and manage billions of CRE assets. Products focus on workflow automation and the use of proprietary technology to optimize the underwriting and investment decision process through improved harnessing and utilization of deal data. Clients include funds, REITs, banks and insurance companies across the U.S.