Rural Areas in U.S. Lagged Behind Urban Markets in Post-Recession Recovery

Zillow | September 09, 2019

According to Zillow, in the decade following the Great Recession, job growth has been disproportionately concentrated to the largest U.S. job centers, and home values in these markets have risen accordingly. The 25 largest job markets have accounted for more than half of employment growth and nearly two-thirds of home value growth in the U.S. since July 2009.

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Ribbon, Now Powered by EasyKnock, Relaunches Product in Atlanta and Charlotte Real Estate Markets, Bringing Advantage to Buyers, and Sellers

EasyKnock | August 17, 2023

Ribbon, powered by EasyKnock, announces today that RibbonCash – its pioneering cash offer solution – has relaunched in Atlanta and Charlotte. As one of the pioneers of powerbuying solutions, Ribbon has considered Atlanta and Charlotte as its historical home base, driving the company’s success since its founding in 2017. Ribbon’s product reached around 2 percent of the overall closings in the Atlanta market in 2022, an achievement indicative of the appetite for homeownership. “The EasyKnock and Ribbon teams could not be more excited to announce the return of RibbonCash to Charlotte and Atlanta,” said Jarred Kessler, CEO of EasyKnock. The Southeast in general remains competitive according to Bankrate’s Housing Heat Index. According to the index, despite price declines elsewhere in the United States, the Southeast has held steady due to comparatively affordable prices. Ribbon aims to tap into this reality for everyday homebuyers who seek ways to achieve homeownership for themselves or their family. “We believe the Southeast maintains a culture of homeownership that withstands shifts in the market. Mortgage rates and inventory may ebb and flow, but achieving homeownership - and seeking the leading tools to compete - has not,” Kessler said. “We continue to be bullish on Atlanta, Charlotte, and the Southeast overall.” By working with real estate agents and loan officers, and not competing with them as a direct-to-consumer offering like iBuyers, Ribbon sustains its reputation for empowering the real estate ecosystem. EasyKnock acquired the assets of Ribbon in 2023. Both EasyKnock and Ribbon have forged strong partnerships in residential real estate by using best-in–class technology that connects consumers with loan officers, real estate agents, and other participants in the homebuying and home selling experience. Together, Ribbon and EasyKnock are ushering in a new chapter for the real estate industry, creating a one-stop shop for financial solutions that serve homeowners, buyers, and sellers across the country. About EasyKnock EasyKnock is the first-to-market, technology-enabled residential sale-leaseback company in the U.S. Through innovative and accessible solutions, American homeowners who sell their property to EasyKnock can remain in their homes as renters while still getting the cash they need to pursue their financial goals. Headquartered in New York City and founded in 2016, EasyKnock has team members nationwide working to help homeowners unlock their financial freedom through non-loan programs so they can pay off debts, buy their dream home, fund a venture, and more - all while maintaining the ability to stay in their homes and communities. In 2023, EasyKnock acquired the assets of Ribbon Home and continues to offer Ribbon products to customers.

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Real Estate Technology, Mortgage and Lending

PortX Announces Partnership with MeridianLink to Enhance Digital Lending for Financial Institutions

Businesswire | July 03, 2023

PortX, the financial infrastructure and integration technology company that delivers open access to data and rapid innovation for financial institutions (FIs) through its Integration-Platform-as-a-Service (IPaaS), announced a new partnership with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. PortX has added the integration with the MeridianLink® One platform in order to increase value for customers looking to transform their digital lending. MeridianLink's cloud-based solutions enable customers to build deeper relationships with consumers through data-driven, personalized experiences across the entire lending life cycle. Its scalable platforms help customers accelerate revenue growth, reduce risk, and exceed consumer expectations through seamless digital experiences. MeridianLink's partner marketplace supports hundreds of integrations for tailored innovation. The partnership between PortX and MeridianLink® is expected to benefit FIs in multiple ways. PortX's platform will enable FIs to integrate MeridianLink's digital lending and account opening solutions into their existing systems quickly and seamlessly. This integration will provide PortX customers with simplified access to MeridianLink's sophisticated digital lending and account opening capabilities as well as data verification solutions for consumer reporting agencies. These capabilities can help FIs improve their lending processes and provide consumers with a seamless and engaging customer experience. “We are excited to partner with PortX and leverage their platform to bring our digital lending solutions to more FIs," said Megan Pulliam, SVP of MeridianLink’s Partner Marketplace. "By combining our advanced lending capabilities with PortX's integration technology, we can provide FIs with a powerful suite of tools that unleash rapid project creation, accelerate speed-to-market, and ultimately drive digital transformation.” “FIs need to stay ahead of the competition by integrating faster with innovative lending solutions," said David Wexler, CEO of PortX. "This partnership will bring MeridianLink's scalable and cloud-based platforms to more FIs, allowing them to deliver personalized lending experiences and build deeper relationships with their customers.” ABOUT PORTX PortX is an integration technology company focused on financial services infrastructure that delivers open access to core data and enables rapid project delivery, innovation, and optimal customer experiences. Our solutions facilitate interoperability between internal systems and member services such as online banking, credit checks, mortgage and loan applications, and more, allowing for a real-time 360-degree view of the customer. We help financial institutions empower their teams to connect to fintech partners and real-time payment networks like Zelle®, ACH, Fedwire, Mojaloop, and others. For more information, please visit www.portx.io. ABOUT MERIDIANLINK MeridianLink® (NYSE: MLNK) powers digital lending and account opening for financial institutions and provides data verification solutions for consumer reporting agencies. MeridianLink's scalable, cloud-based platforms help customers build deeper relationships with consumers through data-driven, personalized experiences across the entire lending life cycle. MeridianLink enables customers to accelerate revenue growth, reduce risk, and exceed consumer expectations through seamless digital experiences. Its partner marketplace supports hundreds of integrations for tailored innovation. For more than 20 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. For more information, please visit www.meridianlink.com.

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Real Estate Investment

Green Street Launches Seamless Commercial Real Estate Data Delivery on Snowflake Marketplace

PRnewswire | August 22, 2023

Green Street, the preeminent provider of actionable commercial real estate intelligence and analytics, has partnered with Snowflake, the Data Cloud company, to deliver real-time U.S. and Pan-European commercial real estate intelligence on Snowflake Marketplace. "Green Street is committed to delivering seamlessly connected commercial real estate data, analytics, research and news on both the public and private real estate markets in various formats," said John Guilfoy, Chief Product Officer for Green Street. "This collaboration gives clients yet another means to easily extract extensive time series data and predictive analytics – such as cap rates, market grades, and forecasts – and seamlessly integrate them into their own company models, internal systems, and daily workflows. We are excited to partner with Snowflake for this new method of data delivery." Some key Snowflake capabilities include: • Systematic updates: New data and analytics are promptly reflected in Snowflake. • Integrations: Market participants can connect to their company's preferred integrations, including BI/dashboarding tools, internal databases and more. Snowflake Marketplace simplifies discovery, access, and the commercialization of data products, enabling companies to unlock entirely new revenue streams and extended insights across the Data Cloud. To learn more about Snowflake Marketplace click here. About Green Street Green Street is the preeminent provider of actionable commercial real estate research, news, data, analytics, and advisory services in the U.S. and Europe. For more than 35 years, Green Street has delivered unparalleled intelligence and trusted data on the public and private real estate markets, helping investors, banks, lenders, and other industry participants optimize investment and strategic decisions. The firm delivers exclusive market information, conclusion-driven insights, and predictive analytics through a SaaS platform.

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