REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRweb | March 21, 2023
Qualia, the leading digital real estate closing platform, today announced the launch of Qualia Atlas, a revolutionary new addition to their cloud-based title, escrow, and closing solutions. Atlas, which combines title and escrow production and vendor management along with client and homebuyer connectivity, is built with newly developed advanced configurability and automations to manage the unique complexity of national enterprise operations.
“We originally launched Qualia almost 10 years ago with the belief that a modern technology infrastructure could fundamentally transform homebuying into a simple, secure, and enjoyable experience for everyone involved,” said Nate Baker, Qualia’s Co-founder and CEO. “Atlas is the culmination of several years of development to provide a unified closing platform for enterprise title companies.”
Atlas includes a suite of newly released enterprise-critical functionality and services:
Data access via an enhanced API for integration with internal systems such as CRM, analytics, and accounting tools
Order opening automations to assist teams with high transaction volumes
Privacy and permissioning controls for multi-branch or agency operations
Sophisticated tasking capabilities to support centralized operations functions
A suite of anti fraud tools
In addition, Atlas provides companies with a standardized integration layer that is easy to manage across all transaction parties, eliminating the need for rigid custom-built integrations. This integration layer enables title companies to efficiently partner with their lenders, real estate agents, vendors, consumers, and underwriters. These integrations automate title & escrow companies’ workflows and the dependent workflows for their transaction partners. By providing enterprise-critical functionality and a standardized integration layer, Atlas enables the "connected transaction." This groundbreaking technology streamlines real estate closings from end-to-end for all parties involved in the transaction.
Qualia is the leading comprehensive digital closing platform used by title, escrow, real estate and mortgage lending professionals to transform home buying and selling into simple, secure, enjoyable experiences for millions of homeowners each year. The Qualia platform provides a secure system of record for the real estate settlement ecosystem through a suite of workflow, accounting, reporting, and collaboration products as well as its expansive product and service integrations. Qualia is headquartered in San Francisco, CA and has offices in Austin, TX, and Superior, CO. For more information on Qualia, visit http://www.qualia.com. Contact: Matt Kaufman, firstname.lastname@example.org
REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
Lessen | January 17, 2023
Lessen, the leading tech-enabled outsourced property services platform, recently announced the strategic acquisition of facilities maintenance technology leader SMS Assist.
By combining the complementary strengths of both organizations, Lessen will continue to address real estate's pain points, offering its clients a scalable, tech-enabled enterprise solution for residential and commercial services. As a result, the companies will serve around 250,000 residential and commercial properties nationwide, enabling approximately 2.5 million repair and maintenance orders annually, in addition to expanding their property services.
The transaction is completed with stock and cash, with Lessen raising roughly $500 million in combined new debt and equity. SMS Assist stockholders exchanged a portion of SMS stock for Lessen stock, resulting in a combined company valuation of over $2 billion. Debt and equity investors, including Värde Partners, Monroe Capital, and Koch Real Estate Investments, assisted with this transaction. Invitation Homes and American Homes 4 Rent are among the clients who invested in the deal with Lessen.
Following the conclusion of the transaction, Lessen's Jay McKee will continue to serve as Chairman of the Board of Directors and CEO of the newly-merged company. He states, "Lessen recognized early on the opportunity to provide an enterprise-level solution that solved the real estate industry's long-tenured property services pain points." He added, "This deal demonstrates the increasing demand within the underpenetrated, $330 billion addressable North American property services market for a unified, extensible delivery platform that provides transparency, efficiency and data-driven insights for the entire real estate ecosystem including investors, owners, managers and service providers.
(Source – Business Wire)
The new, unified technology platform will allow various service providers—from painters, contractors, and plumbers to electricians and more—to work as one on a national scale, which was previously impossible. The quality of this work will be supervised and inspected by Lessen's in-house project managers. This integrated solution will assist owners in overcoming skilled labor shortages while lessening administrative burden, enhancing project efficiency, and providing real-time project updates.
Lessen is the only end-to-end tech-enabled solution for outsourced real estate property services that delivers consistency, quality, and speed at scale, focusing on single-family and multifamily rental renovations, turns, and maintenance. Through automation and real-time analytics, the firm's technology suite is disrupting and modernizing a project management space that is still reliant on traditional organizational and communication models. The company's professional field project managers provide on-the-ground service, utilizing a network of verified service professionals in over 40 markets across the country, all powered by its proprietary technology platform.
REAL ESTATE TECHNOLOGY, REAL ESTATE ADVICE
Accurate Group | February 08, 2023
On February 07, 2023, one of the leading providers of technology-driven real estate appraisal, analytics, title data and e-closing solutions, Accurate Group, announced the company's Archer® Software Platform is integrated with ClickFORMS®, a user-friendly appraisal software application developed by Bradford Technologies. The simplified integration enables appraisers to populate appraisal data and create reports on the Accurate Group Platform in ClickFORMS®. As a result, appraisers can use the platform efficiently and easily.
ClickFORMS® is the industry's most adaptive and user-friendly appraisal software, allowing appraisers to complete valuation assignments without learning new features. In addition, the platform offers services like technical support, productivity tools, data resources to process reports, and network connections to transmit messages.
Paul Doman, President, and CEO of Accurate Group, said, "Accurate Group is excited to partner with Bradford Technologies. Our secure, robust integration with ClickFORMS® simplifies appraisal report creation while still allowing appraisers to benefit from the breadth and depth of Accurate Group's appraisal management platform – delivering the best possible experience for appraisers." He also said, "In addition, by further streamlining the appraisal process, Accurate Group continues its mission to help lenders accelerate loan cycle times, improve operational efficiency and deliver the best borrower experience."
(Source: Business Wire)
About Accurate Group
Accurate Group is based in Independence, Ohio is a real estate technology and services leader providing technology-driven property appraisal, analytics, title data, and digital closing solutions to banks, servicers, non-bank credit unions, and capital market firms. The company offers its clients the best combination of speed, regulatory compliance, quality, and price by combining modern process accurate data, automation, and innovative SaaS and mobile technologies. In addition, the real estate finance community and consumers with Accurate Group are benefitted from top solutions of the market, which allows modern digital frameworks to improve accuracy, reduce costs and enhance compliance through all types of real estate loans, portfolios, and mortgage-related assets.