REAL ESTATE TECHNOLOGY,INVESTMENTS
MRI Software | December 29, 2022
Marlette Holdings, Inc., one of the leading financial technology companies that operate the Best Egg platform, recently announced a partnership with MRI Software, a global leader in real estate solutions.
The Best Egg Flexible Rent platform allows tenants to customize their monthly rental payments by dividing the total amount into several smaller, more manageable installments that can be paid at any time during the month.
Due to the integration of this technology within MRI's RentPayment service, residents can now choose Flexible Rent as a payment option without leaving the MRI portal. In addition, millions of renters are managed nationwide by the open and linked software created by MRI, which is used by thousands of multifamily property managers.
Best Egg is committed to giving its clients the resources they need to manage their daily finances while fostering financial confidence. Therefore, the company is happy to collaborate with MRI to give payment flexibility to the renters who use its software. The company's new Flexible Rent platform is a natural extension of that aim. Flexible Rent gives tenants more control over how and when they pay bills and guarantees timely and full rent payments to property managers.
As part of the Partner Connect program, MRI Software is pleased to welcome the Best Egg Flexible Rent platform since it believes the combined technology will provide tenants greater freedom to manage their rent responsibilities while lessening the administrative burden on property managers. Flexible Rent will be offered to multifamily property managers and tenants via MRI RentPayment beginning in the first quarter of 2023 and will be rolled out to additional properties over time.
About MRI Software
MRI Software transforms how communities live, work, and play. Its flexible, open, and connected platform empowers commercial and residential property owners, operators, and occupiers to innovate in changing markets. MRI has been a PropTech pioneer for over 50 years, serving over 2 million consumers. MRI's leading technologies and partner ecosystem help real estate companies grow and compete.
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REAL ESTATE TECHNOLOGY, HOME AND DESIGN
FirstClose | February 02, 2023
To help home equity lenders select and integrate their preferred settlement service vendors into FirstCloseTM Equity more efficiently, the company has launched its next-generation Vendor Gateway.
FirstClose Equity is a one-of-a-kind home equity origination solution that streamlines operational touchpoints while improving borrowers' overall customer experience. The platform's end-to-end solution comprises a borrower-facing point-of-sale solution that provides consumers with fast online feedback on their home valuation, accessible home equity, loan possibilities, and credit decisions in minutes. Also, lenders may be able to finish the process from application to closing in 7–10 days, while the average in the industry is 45–60 days. This is possible because of automated workflows that include the ordering of settlement services.
Lenders and their vendor partners can both significantly benefit from using FirstClose Gateway. One of the many benefits is that it will reduce vendors' time to get their products on the market. It will also make things better for borrowers by giving them consistent data and making sure their orders are filled. Also, it will make contracting and managing vendors easier by letting FirstClose equity lenders connect with their preferred providers under a single agreement, with a single bill and a single point of contact.
Ramiro Castro, Chief Product Officer for FirstClose, stated, "We designed the Gateway to give lenders greater control over the home equity process: everything from the customer experience they deliver to their operational and risk management choices."
"While our latest release includes a core set of vendors that are accelerating the origination process, our platform is vendor agnostic," Ramiro Castro concluded.
(Source – Cision PR Newswire)
About FirstClose
FirstClose, Inc., based in Austin (Texas), is a national provider of fintech solutions for a home equity line of credit (HELOC) and mortgage lenders. The company aims to help mortgage lenders improve profits while decreasing expenses. This is made possible by FirstClose's technology and relationships, which allow lenders to help their borrowers better, minimize closing costs, and shorten closing timeframes.
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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
AppFolio | February 03, 2023
On February 2, 2023, AppFolio, Inc. introduced AppFolio AlphaTM, an AI-powered investment management solution meant to provide a unified experience that automatically gathers, standardizes, and displays crucial property management data.
The end goal of this innovation is to give real estate investment managers useful information that they can use to make better strategic decisions.
Manually aggregating property management data for business insights is time-consuming, difficult to manage, error-prone, and impossible to scale. According to a report by Pi Labs, nearly half of the organizations spend 2–3 months a year collecting and organizing data to make decisions. In today's economy, asset managers are more focused on maximizing their investments using measures like occupancy rates, lease expiration, and rent increases.
AppFolio Alpha is a cost-effective alternative to hiring more staff that makes it simple for asset managers to collect and consolidate data, view key metrics for optimizing asset performance, audit performance across multiple portfolios at a glance, generate accurate reports, and meet their objectives.
Nat Kunes, Senior Vice President of Real Estate Investment Management at AppFolio, stated, "Today's real estate investment managers deserve technology that keeps up with the fast pace of the broader real estate industry."
He continued, "AppFolio Alpha enables investment managers to spend less time sorting through scattered data sets and more time uncovering actionable insights with visual KPIs like occupancy rates and lease expirations. We're proud to continue bringing innovations like Alpha to the market so we can help customers better understand potential points of exposure and take action for their business."
(Source – GlobeNewswire)
About AppFolio
AppFolio, the industry's preeminent cloud-based business management solutions provider, specializes in serving the real estate sector. The company's products and services make it possible for its clients to digitally transform their companies, improve the efficiency of their most essential business processes, and provide superior service to their end users.
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