Real Estate Technology, Mortgage and Lending
Globenewswire | July 05, 2023
8Twelve Financial Technologies Inc. (“8Twelve” or the “Company”) is delighted to announce a strategic partnership with Lotly, a trailblazer in shared equity programs. This collaboration aims to empower potential home buyers, making homeownership more accessible through Lotly's innovative shared equity program.
8Twelve's state-of-the-art INFIN8 platform, which employs real-time analytics, AI, and workflow automation, will be instrumental in this partnership. It will help identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products, thereby reducing the financial barriers to homeownership.
"Lotly's commitment to making homeownership more accessible aligns perfectly with our mission at 8Twelve," said Gary Fooks, the CEO of 8Twelve. "Our technology, combined with Lotly's shared equity program, will provide a unique solution to the financial challenges of home buying. This partnership ensures that we can help more people realize their dream of homeownership."
Lotly is renowned for its innovative approach to home buying, offering a portion of the home's purchase price in exchange for a share of the home's future value. This reduces the upfront costs for home buyers, making homeownership more accessible. And with Lotly, home buyers always retain the majority of their property’s appreciation, clearing the path to meaningful wealth generation through homeownership.
"With the current economic climate and the challenges of the housing market, potential homeowners need to be aware of all their financing options," said Martyna Gatkiewicz, the CEO of Lotly. "This partnership underscores the strength of our shared equity program and 8Twelve's technology in enabling us to deliver the best financing solutions to our clients."
8Twelve is experiencing growing interest and user success with its offerings as home buyers seek innovative ways to assist with their home purchase. 8Twelve's secure, smart technology is capable of providing swift turnarounds and exceptional service levels to home buyers as it strives to offer a solution for every borrower situation.
Lotly is a pioneer in shared equity programs, offering a unique solution to the financial challenges of home buying. The company's innovative program reduces the upfront costs for home buyers, making homeownership more accessible. Lotly’s investment funds are crowdfunded from real estate investors of all levels. Meaning, home buyers and investors tap into the market together, a first of its kind win-win solution in Canada. For more information, visit www.lotly.com.
About 8Twelve Financial Technologies
8Twelve is revolutionizing the home financing experience by providing consumers with one convenient platform to solve all their mortgage needs. No longer do borrowers need to search for a mortgage through multiple providers such as banks, mortgage brokers, and private lenders. Now, they can access Canada's largest selection of mortgages in one convenient marketplace. 8Twelve’s proprietary cloud platform INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible financing solution in the Canadian market (from over 65 lenders and over 7000 mortgage products).
Real Estate Investment
PRnewswire | August 08, 2023
Modwell, the design technology company transforming how the $4 trillion dollar global realty market buys, sells and lists properties, and Christie's International Real Estate, today announced a first-of-its kind partnership that will provide top agents of the world's leading high-value real estate brand with access to its game-changing suite of real estate listings solutions.
The partnership between the two companies will give 50 of Christie's International Real Estate's Masters Circle agents – the highest grossing agents across the brand's U.S. network – the ability to leverage Modwell's proprietary and patented tech-based design platform in order to showcase home listings in an unprecedented, modernized fashion, drive sales and help future buyers envision the full potential of any home, apartment or property lot. The Modwell infrastructure is even flexible enough to accommodate developer-ready parcels.
Specifically, these Christie's International Real Estate Masters Circle agents, representing 39 luxury markets across at least 15 states, will be able to access Modwell's suite of solutions including:
Enhanced Listings. Which takes an existing property and applies 3D scanning and modeling technology in order to reimagine and fully realize the untapped design potential of any property's interior and exterior. From there, agents will be able to share design exhibits via their own user profile directly to their network of clients in order to sell more, faster.
Next Gen 3D Showrooms. Modwell's virtual "warehouse" that curates a highly individual aggregated listings experience for real-estate professionals and their organizations. These digital showrooms are designed so that agents can showcase featured properties and attach their personal showrooms to Modwell's larger Masterbrand Showroom.
Consumer Home Vaults. Created to supercharge referrals (which make up 82% of agent revenues in the U.S.), this interactive solution gives agents an opportunity to maintain more meaningful relationships with their clients over the lifetime of their home ownership. Clients are invited onto Modwell's platform in order to fully document their home by uploading their surveys, floor plans, 3D models and more into a purpose-built design hub.
"We're thrilled to be able to work with an esteemed brand like Christie's International Real Estate. Technology has enabled consumers to change how they live their lives – from how they communicate, to what, when and how they connect with content, to how they purchase goods and services. While home buying should be no different, and 97% of consumers use online tools when buying a home, listings have remained legacy based. Modwell is changing that paradigm through advanced technology and we're excited that Christie's International Real Estate's top agents will be able to leverage our platform in a way we think will help them sell more," said Jonathan Reisman, Co-Founder, Modwell.
"Christie's International Real Estate has a rich and storied history as a market leader and a lot of that has to do with continually giving our agents innovative ways to engage with potential clients. Our program with Modwell continues that high standard and we're excited to get their technology into the hands of our top agents in order to drive a more efficient and interactive process," said Thad Wong, co-CEO of Christie's International Real Estate.
In under a year, Modwell has disrupted an industry stuck in legacy models, creating the highest fidelity 3D technology to power a better overall real estate experience for both buyers and sellers across a varied array of industry verticals and segments.
The company was selected for the prestigious Moderne Ventures' Passport Program, a six-month industry immersion program that catalyzes the growth of its companies by offering its participants education, mentorship, and pilot opportunities with new customers via access and exposure to Moderne's Network of real estate – and real estate adjacent – industry leaders. The program is highly selective with the Moderne Ventures team evaluating over 4,500 companies a year, but selecting on average 6 to 10 companies per class. In February, the company's technology was prominently featured in the Bravo hit "Million Dollar Listings'' and, more recently, it provided the technology behind a prominent Robb Report listing and article.
About Christie's International Real Estate
Christie's International Real Estate has successfully marketed high-value real estate around the world for more than 30 years. Through its invitation-only Affiliate network spanning nearly 50 countries and territories, Christie's International Real Estate offers incomparable services to a global clientele at the luxury end of the residential property market.
Modwell is a design tech company whose first-of-its-kind collaborative platform and tools empower agents and buyers to modernize their real estate experience. While other industries have evolved to match our 21st century lifestyles and preferences, real estate has stayed relatively the same. Modwell was founded in 2020 by architecture and marketing veterans who not only set out to close that gap but who have a clear vision for where real estate is going as the world embraces virtual realities.
Real Estate Technology, Home and Design
PR Newswire | August 23, 2023
Curbio, Inc., the leading pre-sale contractor solution for Realtors and their listing clients, today announces its expansion into Tucson, AZ. With this expansion, Curbio will begin helping Tucson-area real estate agents and their clients get all their listings ready for market reliably and sold for top dollar amid an increasingly competitive housing market.
Curbio is an innovative PropTech company that partners exclusively with real estate agents to complete pre-listing home improvements. Curbio works with agents to determine what updates will generate the highest ROI for home sellers, and then acts as the licensed and insured contractor on all projects. In utilizing their innovative project management platform and world-class customer success team, Curbio provides its clients with an elevated home improvement experience and enables agents to win listings and sell them for top dollar.
"We are so excited to begin partnering with Tucson-area Realtors, providing them with a pay-at-closing concierge solution that they can use to get all of their listings ready for market reliably and efficiently," said Olivia Mariani, Chief Marketing Officer at Curbio. "Buyers in Tucson want move-in-ready homes, and Curbio allows real estate agents and homeowners to meet this demand without paying any cash up front. We are setting the new standard in pre-listing home improvement and couldn't be more thrilled to be expanding our footprint in Arizona."
Curbio provides fix now, pay-at-closing terms for pre-listing home improvement projects of all sizes. With no project minimums or maximums, Curbio is a Realtor's go-to contractor partner for all of their home improvement needs. Examples of projects that Curbio completes include staging, kitchen and bathroom remodels, landscaping, deep cleaning and decluttering, painting, flooring installation and more.
This is the fourth major market expansion for Curbio in 2023, following their launches in St. Louis, Jacksonville and Kansas City. Curbio now serves more than 60 markets across the United States.
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.