REAL ESTATE TECHNOLOGY
HelloSign and RESAAS | August 20, 2022
RESAAS Services Inc., a technology platform for the real estate industry, has partnered with HelloSign, a Dropbox company, bringing electronically-signed referral agreements to the real estate industry.
RESAAS is already used by one in four REALTORS® in the United States for facilitating brokerage-agnostic referrals between Real Estate Agents. To facilitate a secure and transparent method to electronically sign a referral agreement, RESAAS has successfully integrated HelloSign technology into the RESAAS platform.
"HelloSign is excited to partner with an industry platform with the vast reach RESAAS has across real estate, Our ability to provide global scale that organizations like RESAAS require sets us apart. HelloSign's technology makes integrations efficient, which enabled RESAAS to incorporate electronic signatures into its existing technology platform in just two weeks."
-Kelash Kumar, Vice President of Product at Dropbox
Since implementing HelloSign, RESAAS has seen over 80% of new referrals use electronically signed referral agreements.
RESAAS has brought trust to the real estate industry, The addition of electronically signed agreements to the existing RESAAS referral network is what the industry has been calling for. The RESAAS referral solution has already won multiple industry awards, enabling REALTORS® to trade referral business globally. Now, thanks to electronically signed referral agreements, RESAAS Agents can set out agreed terms of referrals and ensure they collect a fee for any referral they share through RESAAS,said Tom Rossiter, CEO of RESAAS.
HelloSign, a Dropbox company, simplifies work for millions of individuals. Customers all over the world trust the HelloSign platform – which includes eSignature, digital workflow and electronic fax solutions with HelloSign, HelloWorks and HelloFax – to automate and manage their most important business transactions.
About RESAAS Services Inc.
RESAAS is an award-winning global technology platform for the real estate industry. With over 500,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations.
REAL ESTATE TECHNOLOGY,REAL ESTATE ADVICE
Offerpad | August 02, 2022
Offerpad, a leading tech-enabled platform for buying and selling residential real estate, today revealed a new mobile app that simplifies the home loan process to make it less time-consuming and overwhelming for borrowers. Digital tools designed for on-the-go efficiency, combined with the personal touch of Offerpad’s home loan and refinance experts, provide borrowers with a seamless journey to homeownership.
"We have financing solutions to help make buyers’ dreams of home ownership a reality. Whether you’re a first-time buyer or need to sell before you buy, Offerpad can help you get the home you want with financing solutions to fit your unique needs. With our new mobile app, we're taking the mortgage process from time-consuming to timesaving"
- Offerpad Vice President of Home Loans James J.R. Samsing.
Offerpad’s new mobile app removes complexity and friction from the home loan process to provide borrowers with valuable benefits:
Customizable and flexible loan application process
Navigate the application process from the mobile app, online portal or toggle back and forth for a flexible and frustration-free mortgage experience.
Easily access loan applications, complete tasks, securely scan, upload and e-sign documents, check on loan progress and communicate with an Offerpad loan officer – all from a single login.
Securely and quickly submit loan documents from any mobile device.
Fast and transparent pre-qualification and pre-approval
Access loan products, pricing scenarios, quotes and rates from anywhere.
Push notifications provide immediate transparency into loan progress, including pre-qualification or pre-approval status.
In-app notifications for critical requests and required tasks ensure faster loan processing.
Sell, buy and finance together to save thousands
Bundle to save up to $4,000 when combining Offerpad’s sell and buy solutions with financing from Offerpad Home Loans.
Borrowers can find a mortgage and keep the rate for up to 90 days for certainty and control while home shopping.
Offerpad’s mission is to deliver the best home buying and selling experience so you can spend less time ‘real estat-ing’ and more time living. From cash offers and flexible listing options to mortgages and buyer services, Offerpad has been helping homeowners since 2015. We pair our local expertise in residential real estate with proprietary technology to put you in control of the process and help find the right solution that fits your needs. Offerpad’s real estate solutions are available in 28 U.S. markets and more than 1,800 cities and towns across the country. Visit Offerpad.com for more information.
REAL ESTATE TECHNOLOGY
Matterport Inc | July 11, 2022
Matterport, Inc. the leading enterprise and real estate digital twin company driving the digital transformation of the built world, today announced the acquisition of VHT, Inc., known as VHT Studios, a U.S.-based real estate marketing company that offers brokerages and agents digital solutions to promote and sell properties. This transaction brings together VHT Studios’ visual media services with the immersive Matterport 3D Digital Twin platform to elevate the buying experience for home buyers while simplifying the process of creating comprehensive marketing packages for brokers and agents. With this acquisition, Matterport aims to increase adoption of digital twin technology and expand further into the real estate industry while adding marketing services for other key markets such as commercial real estate, travel and hospitality, and the retail sector.
Matterport’s acquisition of VHT Studios provides real estate brokerages and their professionals access to an expanded selection of marketing services and expertise they need to effectively market and promote properties. These include high-end photography, drone imagery, floor plans, virtual tours, and other marketing services. When combined with Matterport digital twins and collaboration tools, the newly expanded solution not only helps brokerages and agents save time with an easy-to-order and comprehensive source for their digital marketing needs but also reduces their costs with comprehensive marketing packages along with flexible, optional add-ons. This all-in-one marketing solution provides one of the richest and most compelling digital experiences for property seekers and has been proven to drive increased sales for brokerages and agents.
“We’re thrilled to welcome the VHT Studios team to Matterport along with the talent and industry expertise they bring,” said RJ Pittman, Chief Executive Officer at Matterport. “When we looked at VHT Studios and the work they do, it was a natural fit to unite our efforts to reimagine the fragmented process that was in place for brokers and agents to list properties, and prospective buyers to view them. We are not only excited for how we can transform the customer experience in the real estate industry, but also how we can apply VHT Studios’ expertise to our growing enterprise business as demand for digital twin technology continues to surge.”
“We are excited to welcome VHT Studios, a market leader in real estate digital marketing technologies, to Matterport today. While we make strategic investments to expand our business, we remain committed to conscientiously managing our balance sheet of approximately $600 million in cash and short- and long-term investments as of March 31, 2022. Further, having integrated the Enview acquisition earlier this year, our team is looking forward to what we expect will be another successful integration,” said JD Fay, Chief Financial Officer of Matterport.
“What makes this acquisition unique is how complementary our services are to one another,” said Brian Balduf, CEO of VHT Studios. “In today’s market, buyers need to move quickly on a property and often only have one opportunity, or less, to view it in person. A listing that features high-quality digital content and immersive 3D technology is a transformative experience that empowers buyers to make more confident decisions, faster. Together we believe our services can help move more purchase decisions online by combining rich property information and the ability to virtually inspect, measure, and experience a space from anywhere, anytime, as many times as needed.”
The all-in-one marketing solution that brings together VHT Studios’ and Matterport’s services is expected to be available through Matterport’s Capture Services during the third quarter this year. The acquisition will enable more data to be trained on the machine learning systems acquired through Enview and whose data insights will be incorporated into Matterport’s Cortex Artificial Intelligence engine.
VHT Studios has helped more than 200,000 real estate professionals sell more than $200 billion in properties since the company’s founding in 1998. Seven of the top 10 brokers1 in the United States are customers of VHT Studios, including Baird & Warner, Coldwell Banker, Compass, Corcoran Group, Douglas Elliman, and more.
Terms of the transaction were not disclosed. Canaccord Genuity served as the exclusive financial advisor to VHT Studios.
Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at Matterport.com and visit our Discover page to browse a collection of digital twins captured by our customers.