Real Estate Technology, Mortgage and Lending
Businesswire | June 28, 2023
Newrez LLC (“Newrez”), a leading mortgage lending and servicing organization, today announced a strategic partnership with Homebot, a home finance education portal that empowers consumers to make smart home finance decisions. This partnership taps the power of Homebot to solidify customer intelligence in empowering decisions.
As one of the largest lenders in the country, Newrez continually seeks innovative solutions to support loan officers, their clients and partners, and homeowners from their existing MSR portfolio. Homebot empowers homeowners and buyers with personalized home finance insights, market intelligence, and property search experiences, while keeping them connected with their trusted home advisor every step of the way.
"At Newrez, our mission is to reimagine the homeownership experience by empowering our clients to make the best financial decisions every step of the way. By incorporating Homebot’s rich content and technology in our servicing portfolio, it will allow our loan officers to provide clients support based upon their needs during their homeownership journey,” said Baron Silverstein, President of Newrez. "Newrez is also one of the first companies to offer Homebot to our servicing portfolio, a strategic initiative to drive enhanced engagement and recapture efforts.”
The partnership with Homebot will enable loan officers to deliver powerful, highly-personalized insights to homeowners and buyers, ultimately creating more connected client relationships and increasing engagement. Plus, Homebot’s rich behavioral engagement insights give loan officers an opportunity to connect with clients and prospects at the right time, the moment they start showing signals of intent.
“We’re incredibly excited about the relationship we’ve developed with Newrez and the opportunity we have to fuel retail growth and servicing recapture efforts, all by empowering and educating millions of clients,” said Charlie Pratt, CEO of Homebot.
Based in Fort Washington, Pennsylvania, Newrez is a leading mortgage company, dedicated to reimagining the homeownership journey. Combining mortgage origination and servicing, we are uniquely positioned to offer a streamlined, customer-centric experience, catering to our clients when and where they need us most. Our customer-first strategy empowers homeowners to optimize their investment, guiding them towards the most beneficial financial decisions every step of the way. Founded in 2008, Newrez is a member of the Rithm Capital Family of Companies.
©2023 Newrez LLC, 1100 Virginia Dr., Ste. 125, Fort Washington, PA 19034. 1-888-673-5521. NMLS #3013 (www.nmlsconsumeraccess.org). Doing business as Newrez Mortgage LLC in the state of Texas. Alaska Mortgage Lender License #AK3013. Arizona Mortgage Banker License #919777. Licensed by the Department of Financial Protection & Innovation under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Finance Lenders Law license. Massachusetts Lender #ML-3013. Licensed by the N.J. Department of Banking and Insurance. Licensed Mortgage Banker-NYS Banking Department. Additional licenses available at www.newrez.com.
Homebot, an ASG company, is a home education portal that keeps people connected to their home advisors (loan officers and real estate agents).
The award winning portal delivers personalized, actionable intelligence throughout the entire homeownership lifecycle. And with an average 50% monthly engagement rate, Homebot ensures lenders and agents remain the trusted advisors that consumers rely on to make informed decisions about the largest asset they may ever own, their home. For more information on Homebot, please visit: homebot.ai
Real Estate Technology, Real Estate Investment
PRnewswire | July 12, 2023
Covius, a leading provider of technology-enabled solutions to the financial services industry, announced today that its Settlement Services division has introduced a new home equity decisioning solution that significantly accelerates the origination process and gives lenders early insight into property and/or borrower issues that could expedite or delay decisions.
The Covius Home Equity Solution will allow bank and credit union clients to offer a streamlined origination experience to their home equity customers. For example, title and tax reports that used to take 3 or more days are now delivered in hours on a majority of loans, enabling closings to occur in as fast as 5 days, as opposed to the industry average of 20-plus days.
The new solution also features Covius Loanscape, a separate point-of-sale component for lenders that provides critical property and consumer insights in fewer than 45 seconds. This report reveals title, valuation and credit information that enhances a lender's loan origination workflow, coupled with expedited decisioning and abbreviated closing timelines.
The Covius Home Equity Solution is fueled by Flueid's leading title data and decisioning platform, Flueid Decision, as an expansion of the companies' integration announced in February 2023.
Joe Chappell, Executive Vice President of Operations at Covius, said, "The demand for home equity products is extremely strong, but the competition for this business is intense. Our new solution[s] enable clients to differentiate themselves by delivering a modern, streamlined customer experience, beginning at point-of-sale and continuing throughout the underwriting and closing processes.
"In seconds, Covius Loanscape allows lenders to determine if the loan qualifies for an expedited clear-to-close. Sharing this information at the point of sale empowers lenders to set borrower expectations more accurately, better prioritize orders and improve overall pipeline performance. Likewise, lenders will know that a lead on a property will not meet criteria before ordering full credit, valuation or other third-party products, and having underwriters spend days on an application that will be declined. This is especially valuable with home equity origination, where many costs are absorbed by the lender."
Covius is a trusted provider of services, insight and technology to leading financial companies. Covius' technology-enabled solutions deliver operational efficiencies, mitigate risk and empower compliant decisions and borrower interactions. Covius businesses are recognized leaders in loss mitigation, document and data solutions, title and settlement services, compliance and critical borrower communications, lien release tracking and preparation, HOA tracking, quality assurance, REO asset management and auction services, credit reporting and verification, capital markets due diligence and oversight, insurance policy analysis as well as rapid-development, customizable cloud-based business process solutions. The company was named a 2023 HousingWire Tech100 winner. For more information about the company and its services, visit www.covius.com.
Home and Design
PRnewsiwre | August 10, 2023
Weidner Apartment Homes, a real estate investment and property management company, recently joined the Anchorage Affordable Housing and Land Trust (AAHLT) to aid the organization in its mission to expand and preserve year-round housing rental opportunities that are affordable to low and very low-income households.
In March 2023, Dean Weidner, Weidner's Chairman and Founder, matched the Rasmuson Foundation's $250,000 donation to AAHLT to provide initial working capital for the Trust to begin operations. One of the first projects undertaken by the Trust is a renovation project that will convert The Lake House, a downtown hotel in Anchorage, AK, into a 45-unit multifamily property for low and very low-income citizens. The Lake House is an older, well-maintained hotel purchased by the AAHLT in 2023 using ARPA funds granted by the Municipality of Anchorage.
"Dean Weidner invests in these projects because he believes we all have a responsibility to be involved in our communities and give back however we can. As a housing provider, we are connected to those who are unhoused, and it's a natural issue for us to gravitate towards and bring some focused expertise to the process." Said Greg Cerbana, Weidner's VP. of Government Affairs.
Weidner has been a multifamily rental housing provider in Anchorage since 1981 and owns 5,696 units across six cities in Alaska. Through the company's long-standing relationships with various Alaska-based housing providers, they have partnered with several nonprofits to significantly improve the region's housing instability issues.
"Since Weidner is a market-rate housing provider, our investments in various affordable housing projects allows us to fund a different need of the area's housing market. Every sector in the industry needs to be healthy for it to thrive, and our recent involvement with AAHLT enables us to support the industry outside of our primary line of work." Said Cerbana.
"Anchorage is uniquely positioned to find workable solutions for the challenges associated with homelessness. The city has a history of cooperation between its businesses, nonprofits, and public sectors. I encourage everyone to come together and prioritize fulfilling the needs of the most vulnerable in our society." Said Weidner.
As of August 2023, Weidner has committed over $10 million to fund solutions for homelessness in Anchorage. Weidner is excited to expand its efforts to support the full continuum of Anchorage's housing market by joining the AAHLT to provide much-needed housing for low and very low-income citizens.
About Weidner Apartment Homes
Founded by W. Dean Weidner in 1977, Weidner Apartment Homes is a multi-faceted real estate investment, and management company recognized industry-wide as an efficient provider of quality rental homes and a creative developer of new housing. The vision of the Weidner Company is to distinguish ourselves as the apartment industry leader in each of our markets, which includes Alaska, Arkansas, Arizona, California, Colorado, Minnesota, North Dakota, Oklahoma, Texas, Utah, Washington, Wisconsin, and Canada. We can only achieve that vision by having the best apartment managers, leasing consultants, maintenance managers, and service technicians in the business.