Real Estate Technology, Mortgage and Lending
Globenewswire | July 05, 2023
8Twelve Financial Technologies Inc. (“8Twelve” or the “Company”) is delighted to announce a strategic partnership with Lotly, a trailblazer in shared equity programs. This collaboration aims to empower potential home buyers, making homeownership more accessible through Lotly's innovative shared equity program.
8Twelve's state-of-the-art INFIN8 platform, which employs real-time analytics, AI, and workflow automation, will be instrumental in this partnership. It will help identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products, thereby reducing the financial barriers to homeownership.
"Lotly's commitment to making homeownership more accessible aligns perfectly with our mission at 8Twelve," said Gary Fooks, the CEO of 8Twelve. "Our technology, combined with Lotly's shared equity program, will provide a unique solution to the financial challenges of home buying. This partnership ensures that we can help more people realize their dream of homeownership."
Lotly is renowned for its innovative approach to home buying, offering a portion of the home's purchase price in exchange for a share of the home's future value. This reduces the upfront costs for home buyers, making homeownership more accessible. And with Lotly, home buyers always retain the majority of their property’s appreciation, clearing the path to meaningful wealth generation through homeownership.
"With the current economic climate and the challenges of the housing market, potential homeowners need to be aware of all their financing options," said Martyna Gatkiewicz, the CEO of Lotly. "This partnership underscores the strength of our shared equity program and 8Twelve's technology in enabling us to deliver the best financing solutions to our clients."
8Twelve is experiencing growing interest and user success with its offerings as home buyers seek innovative ways to assist with their home purchase. 8Twelve's secure, smart technology is capable of providing swift turnarounds and exceptional service levels to home buyers as it strives to offer a solution for every borrower situation.
Lotly is a pioneer in shared equity programs, offering a unique solution to the financial challenges of home buying. The company's innovative program reduces the upfront costs for home buyers, making homeownership more accessible. Lotly’s investment funds are crowdfunded from real estate investors of all levels. Meaning, home buyers and investors tap into the market together, a first of its kind win-win solution in Canada. For more information, visit www.lotly.com.
About 8Twelve Financial Technologies
8Twelve is revolutionizing the home financing experience by providing consumers with one convenient platform to solve all their mortgage needs. No longer do borrowers need to search for a mortgage through multiple providers such as banks, mortgage brokers, and private lenders. Now, they can access Canada's largest selection of mortgages in one convenient marketplace. 8Twelve’s proprietary cloud platform INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible financing solution in the Canadian market (from over 65 lenders and over 7000 mortgage products).
Real Estate Investment
Newmark | September 26, 2023
Newmark Group, Inc. a leading commercial real estate adviser and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the launch of NewliticQuest. Bringing together Newmark's expertise in real estate, technology and consulting onto a single platform, NewliticQuest offers accelerated insights to develop strategic and tactical recommendations, inform business case development and achieve optimal results for property portfolios. Together with Newlitic, Newmark's proprietary data visualization platform, NewliticQuest is another addition to Newmark's growing suite of technology solutions serving corporate real estate leaders.
Leveraging NewliticQuest, organizations are better equipped to plan for and respond to business change, disruptive events, mergers and acquisitions and real estate opportunities through strategic insights, including location and market rate optimization, ideal vacancy rates, talent retention, commute times and more.
"Newmark is committed to investing in leading-edge technology that drives real decision-making dynamics to define the future of the workplace," said Rick Bertasi, Chief Executive Officer of Newmark Global Corporate Services. "Given the changing nature of corporate real estate, technology advancements will further amplify the value and potential of an organization's real estate strategy as companies pivot towards more data-centric cultures.
NewliticQuest offers several self-serve capabilities and insights into business and real estate performance with dynamic and simple dashboards, which can be accessed directly by clients. The software's automated data validation capabilities help users quickly pinpoint data issues to ensure that information is accurate before being executed. Coupled with Newmark's best-in-class consulting expertise, the tool can enable in-depth portfolio assessment, delivering tailored and tangible solutions for clients assessing their portfolio.
Newmark Group, Inc., together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of June 30, 2023, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world.
Real Estate Technology
FOREWARN | August 28, 2023
FOREWARN, LLC, a red violet company and the leading provider of real-time information solutions for real estate agents, today announced that Space Coast Association of REALTORS® (“SCAR”) has contracted to make FOREWARN® services available for the 6,000+ members they serve throughout Brevard County and the Space Coast to promote proactive real estate agent safety.
Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients -- using just a phone number. FOREWARN allows agents to properly and safely plan for showings with a higher level of confidence.
The FOREWARN services purchased by SCAR are available to the 6,000+ real estate agent membership at no additional cost to individual members.
“We were looking for a solution that would help our members protect themselves well ahead of being in a potentially dangerous situation, and FOREWARN was the clear choice,” said Nancy Bartlett, President of Space Coast Association of REALTORS®. “It will equip our members to verify the identity of their unknown prospects in seconds, helping to address concerns around physical safety as well as possible fraud.”
Lindsey Ruschak, CEO of Space Coast Association of REALTORS®, went on to say, “We’re thrilled to be able to offer this product as a benefit of membership with Space Coast Association of REALTORS®, the launch is timely with REALTOR® Safety Month being recognized in September.” Existing SCAR members will receive specific instructions on how to move forward with activating their FOREWARN subscription.
At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable organizations to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information. Risk assessment and due diligence at your fingertips™.
About red violet
At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our intelligent platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society.