REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRnewswire | April 17, 2023
Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X PropTech ETF (PTEC). This fund, which provides exposure to companies positioned to benefit from innovations in property technology, is Global X's latest addition to its growing suite of thematic-based funds.
The global real estate market comprises over $325 trillion in assets.i, and the opportunity for disruptive technology in this market is massive. From property management software to internet-of-things-based property monitoring to virtual reality tours, there is no shortage of new tools emerging for sellers and homeowners alike. By providing exposure to the companies that are positioned to benefit from the technology that optimizes the way people buy, sell, rent, design, construct, manage, and research and market residential and commercial properties, PTEC can help enable investors to capitalize on this growth.
"The process of both finding and maintaining a home is becoming increasingly reliant on cutting-edge technologies and real estate digitization," said Pedro Palandrani, Director of Research at Global X ETFs. "With the launch of PTEC, Global X is leveraging its expertise in thematic investing to offer investors exposure to companies investing in the technology that should meet the needs of this vast, addressable market."
The Global X PropTech ETF (PTEC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X PropTech Index. The fund has an expense ratio of 0.50%.
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 100 ETF strategies and over $38 billion in assets under management.ii While we are widely recognized for our Thematic Growth, Income, Commodity and International Access ETFs, we also offer Core, Risk Management, Digital Asset, and other solutions to suit a range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $480 billion in assets under management worldwide.iii Mirae Asset has an extensive global ETF platform ranging across the U.S., Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $80 billion in assets under management.
REAL ESTATE TECHNOLOGY, REAL ESTATE ADVICE
PRnewswire | May 26, 2023
Lex Machina, a LexisNexis company, announced today that it has officially released its newly expanded and enhanced federal practice area of real property litigation (the "Real Property Module"), which now provides Legal Analytics for over 100,000 cases. The Real Property Module includes any federal district court case involving a dispute concerning real property. Along with the Legal Analytics on all real property cases involving foreclosures that was released a few months ago, the Real Property Module now includes real property cases involving land condemnation, rent/lease/ejectment, and torts to land. Lex Machina has also added more than 17,000 Real Estate Settlement Procedures Act ("RESPA") cases to the consumer protection practice area as part of this expansion.
Real property is an important area of law in which transparency and understanding provide a crucial edge. The new Real Property Module gives practitioners essential insights on judges, courts, law firms, attorneys, and parties involved in real property litigation.
"Real property litigation is a complex, diverse, and nuanced area of law that involves a wide-range of legal issues and claims," said Ellen Chen, Lex Machina's real property legal data expert. "From the previously-released foreclosures to land condemnation to leases to torts to land, Lex Machina is proud to provide expanded and enhanced Legal Analytics on this new and important area of law. We are excited to offer essential data-driven insights on the key players and outcomes involved in real property litigation."
The Real Property Module incorporates case tag filters for cases involving foreclosures, land condemnation, rent/lease/ejectment, and torts to land. It also incorporates an extensive collection of practice area-specific damages and findings. The inclusion of these unique parameters enables users to find the most relevant information and analytics quickly and easily.
The current set of Real Property Module cases, documents, and filters can help uncover insights such as:
The Central District of California had the highest number of cases filed involving rent/lease/ejectment claims.
For cases involving torts to land claims, claim defendants won 1.8 times as often as claimants.
Most active defendants in real property cases included financial institutions such as Bank of America, N.A., Wells Fargo Bank, N.A., and JPMorgan Chase Bank, N.A.
Aside from the Department of Justice, Saul Ewing Arnstein & Lehr was the most active law firm representing plaintiffs in cases with land condemnation claims.
The median time to termination for real property cases involving foreclosures was 183 days.
The total amount of real property damages awarded in the ten-year period from 2013 to 2022, excluding attorneys' fees, was $4.1 billion.
As the only Legal Analytics platform that combines an exclusive artificial intelligence technology with attorney review to analyze more than 440,000 court documents included in the Real Property Module, Lex Machina does the difficult work of creating accurate analytics that are cleaned, corrected, and enhanced. This exclusive process allows Lex Machina to provide comprehensive data-driven insights about courts, judges, law firms, lawyers, and parties.
Real property joins the 20 other federal practice areas already available on the platform. Lex Machina is proud of this key achievement.
About LexisNexis Legal & Professional
LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 11,300 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
About Lex Machina
Lex Machina fundamentally changes how companies and law firms compete in the business and practice of law. The company provides strategic insights on judges, lawyers, law firms, parties, and other critical information across 20 federal practice areas and a rapidly growing number of state courts. Lex Machina allows law firms and companies to anticipate the behaviors and outcomes that different legal strategies will produce, enabling them to win cases and close business.
Lex Machina was named one of "Legal Tech's Most Promising Solution Providers" (CIO Review Awards 2022), "Greater Bay Area Top Workplaces 2022" (The San Francisco Chronicle Top Workplaces in the Bay Area 2022), "Legal Tech Company of the Year 2021" (CIO Review, 2021), "2021 Legal Technology Trailblazer" (National Law Journal Trailblazer Awards, 2021), Winner of the "Media Excellence" Award for Analytics/Big Data (13th Annual Media Excellence Award, 2021). Based in Silicon Valley, Lex Machina is part of LexisNexis, a leading global provider of legal, regulatory, and business information and analytics. For more information, please visit www.lexmachina.com.
REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING
Accesswire | May 04, 2023
Stavvy, the fintech company reshaping digital and remote collaboration for lending and real estate companies, today announced that they have entered into an agreement with WFG National Title Insurance Company (WFG), a leading provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, through which they will provide the company and its customers with eClosing technology solutions. This exciting collaboration aims to empower clients with cutting-edge technology solutions that drive customer experience, enhance digital protection, and combat fraud during the closing process.
As the world becomes more digital, the demand for secure and efficient eClosings has grown rapidly. Whether customers want a fully digital solution or a hybrid closing approach, Stavvy and WFG will work together to provide clients with digital closing solutions and a seamless closing experience.
"Stavvy is incredibly excited to work with WFG to bring innovative eClosing solutions to the masses," said Kosta Ligris, Founder and CEO of Stavvy. "Our collaboration will enable us to leverage our strengths and expertise to deliver a digitally integrated and secure closing experience that is sure to exceed buyer expectations."
WFG is well known for its dedication to outstanding customer experience and improving the closing process for everyone. The company knows that in today's tech-driven era, consumers are increasingly seeking flexible digital solutions for their real estate needs. WFG and Stavvy have come together to provide cutting-edge remote online notarization (RON) services that offer an unparalleled level of digital security with knowledge-based authentication (KBA), easy access to closing documentation, and flexible scheduling.
"We understand the importance of innovation and adapting to new technologies in our industry," said WFG SVP, National Escrow Advisor Natalie Koonce. "Through our relationship with Stavvy, we are excited to offer our clients eClosing solutions that enhance the overall efficiency of the real estate and mortgage lending industries, while also providing a seamless and secure closing experience."
The Stavvy digital mortgage platform, built by industry experts, is designed to simplify and maximize mortgage lending, real estate, and legal workflows. With Stavvy, clients can expect various benefits, including greater convenience, heightened security, and enhanced efficiency.
Stavvy is a Boston-based, venture-backed financial technology company building solutions to manage security risk, eliminate fragmentation, and increase speed, efficiency, and transparency in real estate and mortgage lending. The company's mission is to transform fragmented workflows into trusted and seamless experiences where technology does the work so people can focus on what matters most. Its platform offers eClosing functionality, including eSign, digital notarization, and video conferencing designed for real estate and mortgage professionals. To learn more, visit stavvy.com.
About WFG National Title Insurance Company
Portland, Oregon-based WFG National Title Insurance Company (WFG), a Williston Financial Group company, is a leading provider of title insurance and real estate settlement services for commercial and residential transactions nationwide. One of just six truly national title underwriters, WFG accomplished its national footprint faster than any other underwriter in history.
Built around the directive to "communicate, collaborate, coexist," WFG strives to improve the real estate process through the creation and delivery of comprehensive, innovative services and technology solutions that empower and increase transaction transparency for the title agents, real estate professionals, lenders, and consumers it serves. The company enjoys a Financial Stability Rating of A' (A prime), as assigned by Demotech, Inc. For more information, visit www.wfgtitle.com.