REAL ESTATE INVESTMENT, MORTGAGE AND LENDING
New American Funding | March 06, 2023
New American Funding, an independent mortgage lender, recently announced its partnership with Patch, the hyper-local news platform, to become its exclusive mortgage provider. Through this partnership, NAF will be featured prominently in Patch's weekly newsletters in more than 1200 communities worldwide and on the real estate and mortgage hub on each of Patch's community websites.
Patch offers unique news and information for over 1200 communities throughout the nation at present. By the end of the year, Patch plans to grow in a big way. With Patch, NAF is also a nationwide provider company, creating it as a natural partnership. By collaborating with NAF, Patch can offer its readers access to reliable mortgage services through a reputable provider. As Patch's growth continues, this partnership with NAF is poised to help both companies reach a wider audience and meet their business goals.
CEO and Co-Founder of New American Funding, Rick Arvielo, said, "As the way families find companies to work with evolves, so do the ways we can reach them," He also said, "This partnership will put our company in front of millions of people, giving us a great opportunity to educate them about the various loan options we offer and show them how we can help them achieve their dreams of homeownership."
(Source – Cision PR Newswire)
About New American Funding
Founded in 2003 as an independently-owned and operated mortgage lender, New American Funding has 165 branch offices nationwide and a servicing portfolio of over 243,770 loans worth about $64.3 billion. J.D. Power in Customer Satisfaction in 2022 ranked New American Funding as #1 among Mortgage Servicers. Furthermore, in 2022, the company ranked 18th on Fortune's list of the 100 Best Companies to Work For®. The company provides its Loan Officers with cutting-edge tools to help them streamline the mortgage process and offers advanced career training. Based in Tustin (California), it is committed to providing impartial mortgage education to the broader public.
MARKET OUTLOOK, REAL ESTATE TECHNOLOGY
MRI Software | February 27, 2023
One of the leading software solutions in real estate, MRI Software, announced it completed the acquisition of the $93.4 million stock of PropTech Group. The Foreign Investment Review Board (FIRB), Australian Competition and Consumer Commission (ACCC), and Federal Court of Australia approved the highly anticipated transaction, first announced last year.
Australia's property technology (PropTech) industry has experienced extraordinary growth in recent years due to an influx of new providers and innovation. By acquiring PTG, MRI enhances and expands its MRI LivingTM suite of residential sales and property management solutions, automating and simplifying all consumer touchpoints within the real estate industry.
It is recommended that the agency professionals continue their work with their respective PTG or MRI contacts. The PropTech Group initially traded as PTG on the Australian Securities Exchange (ASX) in November 2020 with a suggestive enterprise value of $27 million outlined in its Prospectus. MRI has acquired it for $93.4 million, equal to a nearly 250% increase in value in the past two years.
Senior Vice President and Executive Managing Director for MRI Software in Asia Pacific, David Bowie, said, "This acquisition brings together two innovative PropTech companies dedicated to providing the greatest possible value to real estate agencies across Australia and New Zealand." He added, "The residential real estate industry is now a step closer to having a holistic operational view of consumers throughout their property life cycle."
(Source: Cision PR Newswire)
About MRI Software
MRI Software, is a top real estate software solution provider that transforms how communities live, work and play. Its open and connected AI-first platform empowers owners, workers, and occupiers in residential and commercial property organizations to revolutionize in rapidly changing markets. It has been a pioneer in the PropTech industry for over fifty years, offering two million+ users globally. Through a rich partner ecosystem and innovative solutions, the software provider provides real estate companies access to accomplish their vision of building flourishing communities and more substantial businesses.
REAL ESTATE TECHNOLOGY,AGENT
SkySlope | January 10, 2023
Oregon Real Estate Forms, LLC (OREF) has recently added the SkySlope disclosure solution, Breeze, to its benefits program.
Breeze is a simple, guided digital workflow that helps agents and sellers easily complete disclosure forms.
OREF, based in Eugene (Oregon), develops and licenses real estate transaction and advisory forms for real estate professionals in Oregon. Almost a year ago, the organization turned to SkySlope to overhaul the experience of digital forms for the agents.
"Since its launch, OREF's partnership with SkySlope has been incredibly successful," says OREF CEO Melissa Peterson. She added, "SkySlope's ease of use, award-winning customer service, and time-saving functionality has helped to reinvent the form-filling process for our members. As we looked to 2023, we were interested to see how we could grow our partnership with SkySlope to optimize our member experience and provide additional value."
(Source: PR Newswire)
SkySlope Breeze, a digital disclosure solution that converts seller disclosures into a guided digital questionnaire, is being incorporated by OREF into their member benefits package to broaden its offerings.
"Breeze provides a guided workflow that helps sellers complete complicated disclosure forms with ease," says Peterson. "It's a win for sellers - and that's ultimately a win for agents."
(Source: PR Newswire)
Breeze transforms fill-in-the-blank disclosure forms like Oregon's SPDS into user-friendly procedures. This simplifies the time-consuming, legal jargon-heavy disclosure procedure. On the back end, sellers' responses populate form fields, resulting in complete disclosure forms. Breeze's convenience increases with in-app messaging that allows sellers to integrate comments or questions for agents in the workflow.
SkySlope, a California-based prop-tech company, is trusted and innovative. Over 650,000 U.S. and Canadian real estate agents and 15 prominent U.S. brokerages use its digital transaction management platform. The startup wants to produce the best autonomous transaction platform. SkySlope lets brokers, agents, auditors, and transaction coordinators handle deals from contract to close. Its product package lets real estate professionals spend less time in front of a screen and more time helping customers.