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
MAXX Properties | March 02, 2023
On March 01, 2023, a leading real estate organization, MAXX Properties, plans to implement software to manage all post-resident accounts receivable by Pay Ready, a multifamily premier post-resident payment system.
Chief Operating Officer of MAXX Properties, Genevieve Bauer, joined the organization last August and focused on maximizing the cash flow and value. With more than 9,300 units and a growing inventory, Gen was aware that technology was the key to maximizing yield. With her years of expertise in strategic property management operations, she thought back to the times she had worked with Pay Ready as a supplier.
Pay Ready's platform redefines the post-resident recovery process of MAXX Properties. The platform integrates with the property management software and controls the move-out process. Its automated messaging is augmented with human interactions and follow-up. Within the CRM, the onsite teams now have a centralized repository for their notes, which can be tracked and reported in real-time. With this platform, the owners and operators can have a robust solution and customized and empathetic brand communication for residents from the start, along with a simplified payment process and final payment arrangements.
Chief Operating Officer at MAXX Properties, Genevieve Bauer, said, "Making the decision to switch to Pay Ready was simple. MAXX Properties needed to centralize its post resident recovery efforts and have true insight into the data. Pay Ready's platform provides advanced technology along with real-time data and key metrics to give our operations' team the ability to make informed data-driven decisions, moving our business forward while maximizing our post resident recovery receivables."
(Source – Business Wire)
About MAXX Properties
Based in Harrison, New York, MAXX Properties is a privately held company comprising commercial, multifamily, and cooperatives. It was established in 1936 under the fourth generation of Wiener family leadership. Its portfolio consists of 39 communities containing 9,351 owned multifamily units in six states, 992 sponsor units and 32 managed cooperative units in New York. In addition, the company offers a wide range of training and educational courses specifically designed to equip teammates with the skills needed to deliver exceptional service to residents.
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MARKET OUTLOOK, REAL ESTATE INVESTMENT
The Agency | February 09, 2023
On February 7, 2023, Global real estate brokerage The Agency announced the opening of a new franchise office in Lisbon, Portugal. This marks the company's second office in Europe, following The Netherlands, which opened in 2022. The office joins the brokerage's expanding network of over 70 locations throughout the United States, Mexico, Canada, Europe and the Caribbean. The Portugal office will be overseen by Ayres Neto, an industry veteran and Managing Partner.
Over the past year, The Agency has rapidly extended its global footprint, making it one of the world's fastest-growing luxury boutique brokerages. The independent brokerages owned by The Agency are integrated and refered to as true global partners. Every Managing Partner, whether from corporate or independently-owned offices, functions as one true global network.
The Agency's global partners have the same access to marketing, leadership, training, public relations, resources, and technology as its corporate offices instead of merely employing brand likeness in their marketing. The Agency has exhibited remarkable global growth since 2022, launching 27 new corporate and independently-owned offices, including the new office in Portugal, with even more openings imminent.
Ayres Neto, a highly successful, award-winning, top-ranked agent, will serve as Managing Partner of The Agency Portugal, leading and mentoring a diverse, multilingual staff of real estate experts from over a dozen nations who speak thirteen languages.
The Agency's well-known brand has been featured on worldwide television programs such as The Real Housewives of Beverly Hills, Million Dollar Listing Los Angeles, and Buying Beverly Hills, which premiered on Netflix on November 4, 2022. The Agency has spread to more than 70 corporately owned and franchise offices worldwide, making it one of the world's fastest-growing luxury boutique brokerages. The Financial Times recognizes The Agency as one of America's Fastest Growing Firms and has ranked among Inc. 5000's list of the country's fastest-growing private companies for six consecutive years. The Agency is poised for future development with like-minded partners in essential areas.
About The Agency RE
The Agency is a full-service luxury real estate brokerage and lifestyle firm that represents customers all over the world in a variety of segments, including residential, new development, resort real estate, residential leasing, and luxury vacation rentals. Since its establishment in 2011, it has reinvented the real estate business, modernizing and expanding the industry by developing a partnership culture in which all customers and listings are represented collaboratively by all its agents. The company has closed over $8.62 billion in real estate transactions and has established itself as a dominant player in the luxury real estate market, representing several of the country's most visible and high-end properties.
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