Real Estate Technology
FOREWARN | August 28, 2023
FOREWARN, LLC, a red violet company and the leading provider of real-time information solutions for real estate agents, today announced that Space Coast Association of REALTORS® (“SCAR”) has contracted to make FOREWARN® services available for the 6,000+ members they serve throughout Brevard County and the Space Coast to promote proactive real estate agent safety.
Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients -- using just a phone number. FOREWARN allows agents to properly and safely plan for showings with a higher level of confidence.
The FOREWARN services purchased by SCAR are available to the 6,000+ real estate agent membership at no additional cost to individual members.
“We were looking for a solution that would help our members protect themselves well ahead of being in a potentially dangerous situation, and FOREWARN was the clear choice,” said Nancy Bartlett, President of Space Coast Association of REALTORS®. “It will equip our members to verify the identity of their unknown prospects in seconds, helping to address concerns around physical safety as well as possible fraud.”
Lindsey Ruschak, CEO of Space Coast Association of REALTORS®, went on to say, “We’re thrilled to be able to offer this product as a benefit of membership with Space Coast Association of REALTORS®, the launch is timely with REALTOR® Safety Month being recognized in September.” Existing SCAR members will receive specific instructions on how to move forward with activating their FOREWARN subscription.
At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable organizations to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information. Risk assessment and due diligence at your fingertips™.
About red violet
At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our intelligent platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society.
Real Estate Technology, Mortgage and Lending
PRnewswire | July 28, 2023
Rhino, which pioneered security deposit insurance in 2017 and services a six-million-home partner network, today announced that Omega Realty Group is using the new Rhino+ platform to manage security deposits for renters.
Rhino+ is the rental industry's first digital deposit platform that simplifies and modernizes the security deposit process, making renting easier, transparent and affordable.
"Rhino has been a trusted partner for over three years, helping protect our thousands of rental units with security deposit insurance. With Rhino+, we now offer our renters the choice to use cash or insurance as part of their move-in experience," said John Ashley, Omega Realty Group. "We look forward to continuing our partnership with Rhino and delivering a digital experience to our residents, allowing them to move in seamlessly while protecting our assets."
Leasing teams typically deal with physical deposit checks that must be brought to the bank and held in an escrow account. Property owners often have to track these payments in software platforms coded in the 80s that can't always be used on personal computers. Cash sits in escrow, inaccessible until the end of the lease. The process is required for every unit, taking up to 20 hours per month.
"Rhino+ alleviates the headache of the traditional security process by giving owners and renters choices," said Ben Lantos, Rhino's CEO and co-founder. "Renters can transact digitally, which is their preferred method, and property owners save significant time on administrative tasks."
For owners, Rhino+ effortlessly automates every step of the deposit journey, from viewing and managing security deposits, insurance policies, claims, properties and renters, all in a single platform. The solution streamlines operations, reduces complexity and improves efficiency.
Rhino currently works with one-third of the Top 100 property owners in the U.S. Learn more at sayrhino.com.
Rhino was founded to give renters everywhere greater financial freedom to plan and enjoy their lives. In 2017, Rhino pioneered security deposit insurance, replacing cash deposits with smart, affordable insurance so renters can maintain control of their cash. Instead of a large upfront cash security deposit, renters pay Rhino a small fee, and Rhino insures the property owner for damages that might occur and lost rent. In 2022, Rhino launched an end-to-end deposit management and compliance platform, transforming how security deposits are administered.
In addition, Rhino today also offers Renters Insurance, giving renters a simple and affordable way to purchase contents and liability insurance, which property owners often also require at move-in. Rhino is offered in over two million homes with a six million home partner network, and we have saved renters over $1 billion in cash.
Market Outlook, Real Estate Technology
Globenewswire | July 25, 2023
Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced a partnership with CAPE Analytics (“CAPE”), a leader in AI-powered geospatial property intelligence.
Intermap’s digital surface models (DSMs) are integrated into CAPE’s property intelligence software, enabling specific property and parcel attributes for property analysis. CAPE is leveraging the Company’s precision data to power property attributes that require an understanding of terrain and surface elevation, such as parcel slope and the visible view from a property. This new partnership adds valuable data to CAPE’s existing data partnerships and Foundry platform, which uses machine learning to fuse and analyze diverse datasets and deliver the most accurate property insights available.
“A multisource approach to geospatial analytics has been key for CAPE in delivering value to our clients,” said Ian Boneysteele, VP of Partnerships, Strategy, and Corporate Development at CAPE Analytics. “We are excited to integrate Intermap’s highly accurate nationwide digital surface maps to further enhance our offerings.”
“We are proud to partner with CAPE to enable AI-powered geospatial property analytics and be integral to producing unique property insights,” said Patrick A. Blott, Intermap Chairman and CEO. “Our elevation data provides accurate, location-specific details to increase the level of confidence for accurate property valuation and help investors make smarter decisions.”
Intermap Reader Advisory
Certain information provided in this news release, including reference to revenue growth, constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", “will be”, “will consider”, “intends” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
About CAPE Analytics
CAPE Analytics is the leading provider of geospatial property intelligence. CAPE provides instant property insights for millions of residential and commercial buildings by analyzing high-resolution imagery, property records, and novel data sources using computer vision and machine learning. With a mission to better understand and protect the built environment, CAPE provides property stakeholders with risk-predictive property attributes that are more timely, accurate, and objective than on-site inspections. Comprised of insurance, real estate, and data experts, CAPE is backed by leading venture capital firms and insurance carriers.
About Intermap Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world’s largest collection of multi-sensor global elevation data, the Company’s collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap’s products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation.