Home and Design
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.
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.
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).
Mortgage and Lending
PR Newswire | August 24, 2023
RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, announces a groundbreaking relationship with the CCIM Institute, the premier provider of commercial real estate education. This collaboration, unveiled during the 2023 RE/MAX Broker Owner Conference, opens up new possibilities for growth and success for commercial brokers and residential agents interested in expanding their expertise.
RE/MAX® affiliates can now access the comprehensive educational resources at discounted rates through RE/MAX University® and the CCIM platform. The courses range from foundational knowledge for beginner agents to advanced topics for seasoned brokers.
RE/MAX provides a wide variety of educational opportunities that enable agents to expand their knowledge and stay cutting-edge. "At RE/MAX, we support the growth and development of our affiliates, and this relationship with CCIM is a testament to that dedication," said Shawna Gilbert, Senior Vice President of RE/MAX Global and Commercial. "We recognize the growing demand for expertise in commercial real estate, and through this alliance we offer our agents and brokers unparalleled access to valuable education and resources."
With CCIM Institute's offerings integrated into RE/MAX University, learners can conveniently engage with the courses at their own pace and on their own time. Broker/Owners can track their agents' progress, fostering a culture of continuous learning and development within their offices.
Aside from the new education CCIM Institute will provide, real estate professionals who are interested in commercial real estate can attend the 2024 RE/MAX Global Commercial Symposium from June 10 – 12 in Tampa, Florida. The annual event provides agents with insights from leaders in the commercial space and ample opportunities for networking.
About the RE/MAX Network
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings with more than 140,000 agents in over 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities.