REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Globenewswire | May 17, 2023
HqO, the world’s leading workplace experience platform, today announced a strategic partnership with Savills, North America’s largest tenant-focused advisory firm. The partnership will enable Savills to provide its clients the ability to demonstrate the value of real estate through unique, actionable insights into connecting with and empowering employees, increasing flexibility in the workplace, and reimagining how the modern workplace enhances productivity and community.
HqO and Savills – both renowned for their steadfast commitment to advocating for occupiers across the globe, as well as for their cutting-edge technology, market data, and workplace insights – formed the alliance in an effort to best advise corporates navigating a real estate ecosystem that is currently experiencing a generational disruption.
“Savills modern and differentiated approach to translating data and market intelligence into actionable insights for occupiers across the globe, coupled with HqO’s position as a proven leader in the tenant experience space, makes this strategic alliance mutually beneficial for both parties,” said Sarah Dreyer, Executive Vice President, Information, Technology and Digital Strategy at Savills.
Due to the firms’ respective areas of expertise, the partnership will allow Savills and HqO to empirically demonstrate which layouts, amenities, and workplace programs drive employee engagement and maximize the ROI of every dollar spent on office space.
The partnership will provide granular visibility into how employees experience and interact with their workplace. In turn, corporate leaders will be able to evaluate and optimize their office performance to reimagine a modern workplace that enhances productivity, promotes community, and energizes employees.
“The last three years have radically transformed how people connect with each other and the places they work. Being able to activate those trends from users to physical real estate properties is mission-critical today,” said Chase Garbarino, Co-Founder and CEO at HqO. “Savills shares the same vision as HqO, and the overall belief that the future of the workplace will be driven by their experiences. This partnership represents the significant shift in overall mindset towards customer-centricity for the first time in the larger commercial real estate industry.”
About Savills Inc.
Savills helps organizations find the right solutions that ensure employee success. Sharply skilled and fiercely dedicated, the firm’s integrated teams of consultants and brokers are experts in better real estate. With services in tenant representation, workforce and incentives strategy, workplace strategy and occupant experience, project management, and capital markets, Savills has elevated the potential of workplaces around the corner, and around the world, for 160 years and counting. For more information, please visit Savills.us.
HqO, ranked No. 75 on the Inc. 5000 list, is transforming how people connect with each other and the places they work. The HqO Workplace Experience Platform makes it easy for companies and commercial property teams to create modern workplaces through world-class amenities and services that allow people to thrive and produce the best results. Active in over 250 million square feet in 25 countries, 57% of the Fortune 100 rely on HqO to enhance their workplace experiences, improve employee satisfaction, and drive operational excellence.
MORTGAGE AND LENDING, ASSET MANAGEMENT
Businesswire | May 12, 2023
First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today announced that its industry-leading FraudGuard® fraud risk detection and decisioning tool now includes enhancements that help lenders reduce home equity lending and compliance risk, and further improve loan quality and increase efficiency. The new features include the integration of the First American Procision™ AVM suite and the additions of a senior-lien review module designed for home equity lending and a military status verification module.
“In today’s lending environment, reducing risk, improving loan quality and increasing underwriting productivity are top of mind for lenders, and our latest FraudGuard enhancements help our lender clients address those priorities,” said Paul W. Harris, general manager, mortgage analytics for First American Data & Analytics. “These enhancements add to FraudGuard’s already robust capabilities. Now, FraudGuard’s smart analytics provide an even more effective, intuitive solution for critical underwriting decisions in first mortgage and home equity lending.”
FraudGuard’s integration with the Procision AVM suite provides users access to automated property values to help expedite lending functions, such as underwriting and collateral reviews for first and second mortgages, as well as home equity lines of credit. The Procision AVM suite uses a state-of-the-art blended ensemble modeling approach to deliver an exceptional level of accuracy. First American Data & Analytics runs Procision AVM valuations on every residential property in the U.S. every day and the company also updates the underlying data that fuels the Procision AVM suite daily. An automated surveillance system constantly monitors both data and valuation quality, and performs extensive testing to validate the accuracy of the valuations produced by the Procision AVM suite for various property types in various geographic markets.
Senior-Lien Review and Military Status Modules Boost Lending and Fraud Risk Detection
Designed to support home equity lending, the senior-lien review module identifies ineligible first liens that could prevent a lender from moving forward with a second lien. For example, the new feature will alert a lender to a private mortgage originated within the last 12 months, first mortgages with negative amortization, balloon loans with a due date before the second lien, or a reverse mortgage. The module can also identify payment deferrals and loans in forbearance.
The military status module verifies an applicant’s status – active, retired or a survivor of military personnel – under the Servicemembers Civil Relief Act (SCRA). In addition to mortgage lending, the new module can be leveraged in credit and automobile lending. Both the senior-lien review and military status modules are available as standalone API integrations.
FraudGuard is the first fraud analytics solution accessible through the latest Encompass Partner Connect™ API platform. The integration allows lenders to leverage automation to systematically trigger FraudGuard reports and analysis based on customizable business rules.
About First American Data & Analytics
First American Data & Analytics, a division of First American Financial Corporation, is a national provider of property-centric information, risk management and valuation solutions. First American maintains and curates the industry’s largest property and ownership dataset that includes more than 8 billion document images. Its major platforms and products include: DataTree®, FraudGuard®, RegsData®, First American TaxSource™ and ACI®. Find out more about how First American Data & Analytics powers the real estate, mortgage and title settlement services industries with advanced decisioning solutions at www.FirstAmDNA.com.
About First American
First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over 130 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $7.6 billion in 2022, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2023, First American was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune Magazine for the eighth consecutive year. More information about the company can be found at www.firstam.com.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRweb | June 05, 2023
Inside Real Estate, one of the fastest-growing independent real estate software companies and trusted technology partner to over 400,000 agents, teams, brokerages and top franchise brands, announced that CORE Home, the first-of-its-kind homeownership solution that puts real estate brokerages at the center of the lifetime consumer relationship, released new functionality and enhanced experiences for consumers, and is now widely available for brokerage clients.
“Real estate is more competitive than ever, and staying top-of-mind and delivering value post-close is more important than ever but rarely prioritized by agents. We all know the incredible value of generating consistent repeat and referral business, but the industry has had a difficult time solving for it,” says Grier Allen, Chief Strategy Officer of Inside Real Estate. “CORE Home solves this disconnect, acting as an extension of the agent, and enhancing the value that brokerages and their agents deliver at every stage of the homeownership process - not just the transaction process - to create coveted lifetime relationships.”
Completely branded for the brokerage, CORE Home uniquely allows brokerages to deliver a seamlessly connected experience throughout the entire homeownership lifecycle. The consumer-facing, one-stop resource, is tied to local, trusted expertise, and fully personalized to the homeowner’s specific home search and homeownership needs. The latest enhancements of CORE Home include:
My Search: An intuitive, addictive home search experience tailored to a client’s unique wants and needs.
My Home: Real-time alerts on home values, detailed local market data, and mortgages.
My Favorites: The ability to view saved searches and suggested homes while keeping the agent top-of-mind.
My Move: Valuable tools for buyers to view move progress, complete checklists, and receive service referrals.
My Transaction: Transaction checklists to keep buyers on task and closings on schedule.
My Maintenance: Home maintenance needs are tracked, and easily visible. Preferred service vendors can be requested in just a few clicks.
“CORE Home has given our agents the tools they need to easily stay relevant to their clients before, during, and long after the transaction has closed,” says Ron Snow, Broker & Owner of RE/MAX Associates. “The homeownership experience is not one-size-fits-all, and CORE Home taps into each layer of that unique journey exactly when the homeowner needs it. We are thrilled with the value and engagement CORE Home will continue to bring to our agents and clients alike!"
CORE Home is currently available to brokerages based on select criteria. For existing kvCORE brokerage clients, contact your Account Manager to learn more. For brokerages without kvCORE, visit insiderealestate.com/corehome to learn more about kvCORE and CORE Home.
About Inside Real Estate
Inside Real Estate is a fast-growing, independently-owned real estate software firm that serves as a trusted technology partner to over 400,000 top brokerages, agents, and teams. Their flagship product, kvCORE Platform, is the most modern and comprehensive solution in the industry known for delivering profitable growth at every level of a brokerage organization. Built on a modern, scalable, and flexible architecture, kvCORE enables every brokerage to create its own unique technology ecosystem through custom branding, robust integrations, and high-quality add-on solutions. Recent strategic acquisitions have expanded the company’s technology portfolio further, including BoomTown, Brokermint, and AmpStats solutions, which solidifies Inside Real Estate as the leading technology partner in the real estate industry. With an accomplished leadership team and its talented staff, Inside Real Estate brings the resources, scale, and vision to deliver ongoing innovation and success to their growing customer base. To learn more visit insiderealestate.com.