Real Estate Technology, Real Estate Investment
PRnewswire | July 27, 2023
SouthPoint Financial Services (SPFS), a full-service mortgage lender operating in 16 states, today announced a partnership with Newzip, a tech-enabled real estate solutions platform. Newzip brings seamless, RESPA-compliant real estate services to SPFS, matching pre-approved borrowers with experienced agents to find homes then providing cash rewards when SPFS borrowers close on home purchases.
Here's how the new SPFS Preferred Partners Program powered by Newzip works:
SPFS customers can now receive real estate advice tailored to their needs from a dedicated Newzip Home Advisor team that helps them throughout their entire home search, offer-writing, transaction, closing, and moving process.
Once SPFS pre-approves a customer for a home purchase loan, Newzip's advanced algorithms and data analytics match home buyers with the most suitable real estate agents across their national network of trusted professionals.
When SPFS mortgage customers opt into this program, they can save 1% on the sell side and 0.5% on the buy side as a closing credit decreasing their required cash-to-close in rebate eligible states.
Throughout the home buying and financing process, the Newzip platform keeps SPFS loan officers, borrowers, Newzip home advisors, and real estate agents seamlessly connected.
"Adding Newzip real estate services and technology to SouthPoint Financial's fast, friendly mortgage team creates a one-stop shop for our home-buying customers," said SouthPoint Financial Services CEO Mindy Rothenberger. "This partnership helps us double down on our mission to remove all barriers of home ownership and solve all the mysteries of home lending and buying. It adds personalized guidance at every step, giving our customers a confident, informed home buying journey from start to finish."
The SPFS/Newzip partnership is a shared commitment to innovation and customer-centric solutions, delivering a seamless, efficient, cost-saving journey to homebuyers across America.
"Integrating Newzip's platform into SPFS's mortgage experience will not only elevate the home buying/selling experience, but also makes it more affordable for borrowers in this challenging market," said Newzip CEO Adi Pavlovic. "We're thrilled to power real estate services for SPFS and innovate together in the mortgage industry."
Newzip is a real estate platform that empowers mortgage lenders to deliver an end-to-end customer experience. Leveraging a combination of technology and human empathy, Newzip's vision is to create the standard for a modern real estate experience that helps people make informed decisions throughout their entire journey.
About SouthPoint Financial Services
SouthPoint Financial Services (SPFS) is a full-service, Georgia-based mortgage lender offering government-backed and conventional loans. SPFS is one of the few mortgage lenders that handle every step of the process with in-house processing, underwriting, and document preparation. SPFS's mission is to remove all barriers to homeownership, answer all the questions, and solve all the mysteries of home lending.
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.
Real Estate Technology, Real Estate Investment
PRNasia | July 17, 2023
MRI Software has acquired Loci Solutions Group Pty Limited, an Australian property technology consulting and outsourced managed services company serving commercial, industrial, and retail property markets across Asia Pacific.
Loci Solutions is well-known as an MRI Certified Partner specialising in the implementation of property management systems (PMS) for property developers, managers, and owners/investors. It also provides value-add outsourced accounting and lease administration services, as well as concierge support.
David Bowie, Senior Vice President and Managing Director for MRI Software in Asia Pacific, said, "I'm excited to officially welcome Nikki, Gwen, and the rest of the Loci team to MRI. This acquisition strengthens our MRI @Work™ capabilities and enables us to scale and better support our commercial clients in their business growth. We're particularly excited to add Loci's outsourced lease administration services to our portfolio, helping clients automate manual tasks, reduce costs, and accelerate time to value."
"Loci has been one of our key partners for over 15 years, serving as our primary implementation partner for Property Management X (PMX) in APAC for most of this time. As we integrate Loci's capabilities into our solution suite, our clients will have a more consistent experience and further benefit from our combined PropTech expertise," he said.
Loci co-founder to lead MRI @Work Professional Services and Support
Loci CEO and co-founder, Nikki Steadman, will lead the APAC MRI @Work Professional Services and Support team, which supports some of Australia's largest and most complex commercial real estate portfolios.
Speaking in her new capacity as Head of MRI Professional Services and Support for MRI @Work, Asia Pacific, Ms. Steadman says, "We've felt like an extension of the MRI family for the last 15 years, and it's an honour to be formalising our relationship. Creating a united team like this allows an even more integrated approach for our commercial clients. I am really excited about the depth and breadth of service and product we're able to offer together. It's my privilege to now lead the unified team as we work from beginning to end in a client's journey and success."
Mr. Bowie says, "Rest assured, MRI remains committed to our core value of providing clients the ability to choose the service providers that best meet their business needs. We look forward to continuing to grow and enable our managed services and consulting partner ecosystem to meet client demands and deliver world class services with a sole focus of client success."
The financial terms of the deal are confidential.
About MRI Software
MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI's open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than six million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information, please visit mrisoftware.com/au.