Trending in Tech: Lone Wolf, kvCORE, Rental Beast, Zillow and More
Rental Beast and Midwest Real Estate Data Partner
Rental Beast, a fully integrated real estate software platform with a comprehensive listing database of more than 7 million rentals, announced it is teaming up with Chicagoland-area multiple listing service (MLS) Midwest Real Estate Data (MRED) to offer expanded services to brokers and agents.
Baird & Warner Launches kvCORE, to 2,500+ Agents
Baird & Warner, one of the largest independent brokerages in the country, has launched Inside Real Estate’s industry-leading tech platform, kvCORE, to drive business growth for their 2,500 agents across Chicago.
Inside Real Estate Gets Financial Backing
Inside Real Estate, an independently-owned real estate software companies and a trusted technology partner to over 200,000 top brokerages, agents & teams announced today an agreement in which Lovell Minnick Partners, a private equity firm focused on investments in the global financial services industry, including related technology and business service companies, will become the company’s new primary financial investor, backing their long-term strategy and vision.
Zillow Slows on Mortgage Entry
Just five months ago, Zillow Group announced it was officially entering the mortgage arena with the launch of Zillow Home Loans, a move made possible by its November 2018 acquisition of Mortgage Lenders of America.
Since then, the real estate giant has been working on the development of its own mortgage software, but it seems the platform’s creation is taking longer than expected.
On a call with investors on Thursday, Zillow CEO Rich Barton said the company plans to slow hiring for Zillow Home Loans until the software is officially up and running, GeekWire first reported.
“As we transition from (Mortgage Lenders of America) to Zillow Home Loans, we are building new proprietary technology to streamline and integrate home loans as our payments platform for Zillow Offers,” Barton said. “We’re already testing the initial version of our digital mortgage software, but the rollout is taking a bit longer than expected.”
Homesale Realty Implements Buyside Platform
Berkshire Hathaway HomeServices Homesale Realty has upgraded its systems with a new data analysis platform that helps real estate sales associates match buyers with potential new homes. The web-based platform, created by real estate analytics company Buyside, feeds search data from major real estate sites such as Zillow, Trulia and more, into one central location.
The Constellation Real Estate Group Acquires Assets of SmartZip
The Constellation Real Estate Group (CREG), has announced today that it has acquired certain assets of SmartZip Analytics Inc., a pioneer in predictive analytics and award-winning provider of data-driven marketing automation and lead generation products for the real estate industry.
The acquisition includes SmartZip’s SmartTargeting platform, patent-pending predictive analytics, data solutions, and automated referral-building content system, Reach150. The addition of SmartZip, which closely follows the recent acquisition of the Offrs.com business in July, marks CREG’s second predictive analytics company and fourth new portfolio business in 2019, and aligns with CREG’s strategy of investing in forward-thinking technology companies with a focus on strong solutions and its commitment to being a long-term, stable technology partner for the real estate industry.
Lone Wolf and SkySlope Dissolve Partnership
Lone Wolf Technologies (Lone Wolf), the North American leader in residential real estate technology, today announced the dissolution of its partnership with transaction management provider, SkySlope. This ends an integration between the SkySlope system and zipForm® Plus, Lone Wolf’s transaction management solution provided to over 1.3 million real estate agents in the U.S. as a national member benefit.
The dissolution of the partnership comes as Lone Wolf expands its ecosystem of market-leading technology solutions. In the past month, Lone Wolf announced that it will integrate its transaction management solutions with Real Estate Webmasters (REW), a leading provider of websites, CRM, and lead generation services. This integration will make it possible to manage a contact from contract to close and create a true lead-to-close experience for a significant number of real estate agents and brokerages.