Real Estate Technology
PR News Wire | August 31, 2023
As the race to maximize AI across nearly every industry continues, TurboTenant, the leading all-in-one landlord software, recently launched a feature that harnesses AI to allow landlords to craft their rental listings. Powered by OpenAI, this new tool simplifies one of rental property management's most significant challenges.
When landlords enter basic property information, TurboTenant's AI Property Description personalizes a captivating listing description in less than five seconds.
Leveraging open-source data to pull in unique qualities that appeal to today's renters, the AI professionalizes listing descriptions and streamlines the marketing process to find quality tenants. Plus, this AI is trained to comply with the Fair Housing Act — a major win for landlords everywhere.
"Generative AI tools such as ChatGPT are like magic. You ask AI to do something, and the tool easily completes your task," said Max O'Rourke, Senior Product Manager at TurboTenant. "That's a big reason we built the AI Property Description feature with OpenAI — we want our landlords to feel like magicians when they create a new listing."
The free AI Property Description feature is the latest update to TurboTenant's versatile rental property management platform. Listings are a landlord's first chance to catch potential tenants' eyes, and this latest feature simplifies the process significantly.
According to a recent Forbes Advisory survey, over 64% of businesses report AI increases their productivity. AI Property Description is just one of the many features TurboTenant has launched to streamline, professionalize, and simplify the administrative side of being a landlord.
"Harnessing the power of AI for property description and listing title generation is just the tip of the iceberg," said O'Rourke. "Building a feature like this is just another example of TurboTenant's commitment to innovation and better serving our users."
Built by landlords for landlords, TurboTenant empowers independent property managers at every step of the rental process. More than 550,000 independent landlords nationwide enjoy TurboTenant's free, all-in-one online property management solutions. Features offered by TurboTenant include rental applications, tenant screening, property marketing, rent payments, lease agreements, and rent reporting.
PR Newswire | August 29, 2023
Curbio, Inc., the leading pay-at-closing contractor solution for real estate agents, today announces the launch of its official Realtor's Guide to Pre-Sale Home Improvement. This free playbook is intended to be a resource for real estate agents as they navigate the home sale process.
In today's competitive real estate market, buyers want move-in-ready homes, with 77% of buyers surveyed saying that they wouldn't consider a home that isn't move-in-ready. By offering a turnkey, pay-at-closing concierge service, agents can not only meet buyer demand for move-in-ready properties, but can also stand out from the competition to win listings. With 47% of agents surveyed reporting Curbio's fix first, pay when you sell service helped them win a listing, agents can grow their business and stand out from the competition when other agents are simply offering sellers the status quo.
"Agents know that every home, regardless of age or condition, will benefit from pre-sale home improvements, but sometimes that can be a tricky conversation with sellers. And with the hot market over the last few years, truthfully, some agents didn't have to navigate the topic. But, that's no longer the case and pay-at-closing repairs and updates are more important than ever. We created this playbook to help agents navigate their conversations with data, expertise and confidence. Our goal here is to help agents shine in their listing appointments, providing them with the tools and information they need to win listings and get them market-ready successfully," said Olivia Mariani, Chief Marketing Officer at Curbio.
Curbio's Guide to Pre-Sale Home Improvement provides a comprehensive overview of pre-sale home improvements for agents, with contents including:
• The benefits of pre-sale home updates
• Overview of the current market and common seller personas
• Guide to pitching pre-sale improvements to win listings
• List of the top ROI driven pre-sale updates
• Listing walkthrough checklist
• Guide for getting ahead of client concerns
• Comprehensive overview of Curbio's solution and process
Other resources available to agents from Curbio include an agent marketing toolkit, which features everything that agents need to share Curbio with their network, such as customizable social media templates and listing presentation slides.
The playbook's release comes on the heels of news earlier this month announcing a US roadshow tour offering free seminars for real estate agents looking to level up their pre-sale home improvement expertise.
Curbio is the leading pay-at-closing contractor working with real estate agents to get homes ready for sale reliably and without hassle. Curbio has modernized home improvement with an easy-to-use mobile app and five-star project management team that streamlines project work and communication, while eliminating the delays and uncertainties that have made home improvement so frustrating, especially for agents and home sellers. Our turnkey approach and pay-when-you-sell model has made Curbio the most trusted contractor for real estate agents and brokerages nationwide, including eXp Realty, RE/MAX, HomeServices of America, Long & foster, and many more. Curbio operates in more than 60 real estate markets across the US.
Real Estate Technology, Real Estate Investment
PRnewswire | June 29, 2023
Reggora, an appraisal management software company that is modernizing residential real estate valuation for mortgage lenders, announced today the launch of its appraisal review solution, Reggora Appraisal Review. This innovative software is set to transform the appraisal analysis process for mortgage lenders by significantly reducing repurchase risk and ensuring every appraisal meets the correct quality standards.
Reggora Appraisal Review leverages cutting-edge artificial intelligence (AI) and machine learning algorithms to automate and streamline the appraisal review workflow. With its advanced natural language processing capabilities, the software swiftly analyzes appraisal reports, identifies key data points, inconsistencies, and potential red flags.
For example, the solution uses advanced AI technology to detect bias in reports far more accurately than lexicon-based tools — so underwriters remain confident in the objectivity of their appraisals, without wasting time reviewing false positives. For instance, consider a report that mentions a property located in the city of "Race Point Beach." While the term "Race" would trigger a keyword-based bias detection tool, Reggora's AI-powered algorithm can discern the context and understand that it is simply the name of the city. By analyzing the report's language, tone, and content comprehensively, AI ensures that lenders can swiftly identify genuine instances of bias, avoiding unnecessary scrutiny and enabling them to focus their review efforts on reports that truly require attention.
With this groundbreaking solution, manual appraisal review becomes far more efficient. Reggora Appraisal Review significantly reduces human error, enhances efficiency, and ensures accuracy. By thoughtfully automating the review process, mortgage professionals can expedite their review cycles, reducing turnaround times and accelerating the loan origination process.
One of the critical features of Reggora Appraisal Review is its ability to reduce repurchase risk. By customizing rule sets and quality control checks, mortgage lenders can align their appraisal review processes with industry regulations, investor guidelines, and internal policies. This comprehensive compliance and risk mitigation capability empowers mortgage professionals to mitigate costly repurchase demands, protecting their financial stability and reputation.
Seamless integration with existing loan origination systems further enhances operational productivity. The user-friendly interface allows users to effortlessly navigate through appraisal reports, highlight critical information, and annotate directly on the documents. Comprehensive audit trails ensure transparency and facilitate collaboration between stakeholders.
"Reggora Appraisal Review represents a significant step forward in the mortgage industry," said Brian Zitin, CEO of Reggora. "We are committed to empowering mortgage professionals with cutting-edge technology that drives efficiency, reduces risk, and ultimately allows them to originate loans much faster."
This all-new review solution accompanies Reggora's existing suite of integrations with leading third-party review tools.
Reggora Appraisal Review caters to the unique needs of diverse stakeholders, providing customizable features that can be tailored to individual business requirements. Whether a small regional lender or a large national lender, this software offers a flexible and scalable solution.
Reggora is driving appraisal innovation with a modern, two-sided platform for mortgage lenders and appraisal vendors. Through advanced and configurable workflows, Reggora streamlines the entire appraisal process for everyone involved, while improving the overall borrower experience. Lenders and appraisers benefit from payment processing, automatic appraisal ordering, rule-based reviews, appraisal delivery, status updates, and more, creating unprecedented operational efficiency.