REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
ICSC | February 15, 2023
On February 14, 2023, ICSC, the member organization for industry advancement, announced its participation in an industry-wide alliance, The Commercial Real Estate Diverse Supplier (CREDS) Consortium, to foster supplier diversity in the real estate industry. CREDS, comprised of seven real estate trade associations, aims to accommodate the rising demand from real estate firms for increased supply chain diversity and promotes the use of services provided by Minority and Women-owned Business Enterprises (MWBEs).
ICSC works with CREW Network, NAIOP, Nareit, the National Multifamily Housing Council, Mortgage Bankers Association, and the Real Estate Roundtable as a founding member of CREDS Consortium. In addition, the alliance has launched a pilot program of two years with the leading supplier management software platform SupplierGATEWAY to help their members with tracking, identifying, reporting, and engaging with MWBEs.
Members of ICSC can sign up for SupplierGATEWAY's software platform at a discounted price to search for, connect with, and even hire MWBE suppliers. Through the CREDS portal, they will also be able to post their purchase orders and have other opportunities to do business. During the pilot program, the Consortium wishes to learn more about trends in supplier diversity in the real estate industry.
Tom McGee, ICSC President & CEO, said, "ICSC is committed to advancing diversity, equity and inclusion in the Marketplaces Industry and giving our members ways to identify and source MWBEs is one way we can do this." He also said, "The CREDS Consortium helps meet the growing demand for diversity in service providers and offers our members direct access to the tools and resources they need to support their own DEI goals. We are proud to be a founding member of the Consortium and look forward to working closely with the partner organizations to further this important initiative."
(Source: Business Wire)
Founded in 1957, ICSC is a member organization that works to improve the industry. It promotes and raises the status of the places where people shop, eat, work, play, and gather as important parts of communities and economies. It creates experiences that bring people together and make deals happen. It also fights hard to change public policy, creates high-impact marketing and public relations that change people's minds, gives professionals a solid foundation for success, and makes forward-thinking content with actionable insights that further drive growth in the industry.
REAL ESTATE INVESTMENT, BUYING/SELLING
Vanir | February 06, 2023
One of the national leaders in real estate development and program, project, and construction management, Vanir, has recently been awarded a contract by Arizona Housing Inc. (AHI). The AHI is a nonprofit organization based in Phoenix that provides affordable, permanent, supportive housing for the homeless.
Vanir will offer project and construction management services for AHI's Collins Court project Phase II, including cost controls, construction oversight, inspection services, document controls, quality control, claims avoidance and commissioning, under the awarded contract. By March this year, the design-bid-build delivery method will be used to construct the 10,591-square-foot, 34-unit affordable housing complex.
AHI's Housing First Model provides housing with wraparound case management services to individuals and families. The company was founded in 1995 and currently owns and operates five multi-family properties, which comprise 616 units in total. The property features are designed to empower residents with amenities to promote self-sufficiency and create a healthy living environment. The housing communities have fully furnished studio apartments with garden patios, business centers, mini-marts, libraries, community rooms, and on-site laundry services.
Codi Newsom P.E., LEED AP, and Vanir Mountain Region Area's Manager said, "Vanir's Arizona team is proud to partner with AHI and Architectural Resource Team, Inc. (ART), the architect of record, to build safe, equitable and affordable apartment homes for Phoenix's most vulnerable population." She added, "Our goal is to ensure that the contractor and all sub-contractors perform optimally to fulfill AHI and ART's design intent and deliver this critical project on time and within budget."
(Source: Cision PR Newswire)
Based in Sacramento, California, Vanir is a national leader in program, project, and construction management (PMCM) and real estate development. Top-ranked PMCM company by Engineering News-Record (ENR) for more than thirty years, the company's award-winning team provides complete services to both public and private sectors clients in the education (K-12 and higher), healthcare, transportation, justice and essential services, local and state government, technology, and water/wastewater markets. Established in 1964, the company has delivered value to customers nationwide with $25.8 billion in construction. The company's incredibly high rate of repeat business, which is 85%, shows that its team provides high-quality, innovative solutions that help programs and projects run smoothly.
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.