BrokerPulse

RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Knock.com’s Sean Black on the transaction revolution

Real estate is on its third revolution, from the digital revolution of the early 2000s to the information revolution kicked off by Trulia and Zillow to today's transaction revolution.

Newsletter

The RealTrends BrokerSource and HousingWire OpenHouse newsletters deliver twice weekly information on trends, strategies, analysis, people, and news shaping the real estate industry.

Tech Roundup: NAR Invests in Proptech, School District Search and CoreLogic’s New Offering

NAR’s REACH Program Invests in Proptech Platform Propy

Propy, a Silicon Valley real estate startup, announced that Second Century Ventures, a real estate technology fund backed by the National Association of REALTORS® (NAR), has invested in Propy’s proptech platform through REACH Program. This partnership will help leverage the NAR’s network of 1.3 million REALTORS® and its community of real estate and tech executives.

Propy CEO Natalia Karayaneva, said his firm is focused on “bringing automation and blockchain to real estate with its easy-to-use platform for agents, buyers, and sellers.”

Second City Ventures and NAR have had a significant role in accelerating real estate technology through innovations in e-signature, analytics, banking and financial platforms, and marketing services. By participating in the NAR REACH Program, Propy will have access to mentorship, key industry events and increased exposure, to further Propy’s goal to transform the real estate purchase process into a secure and streamlined transaction.

Propy’s platform brings together all the parties that are involved in the real estate transaction process. Propy also integrates the favorite tools of agents such as DocuSign and addresses the main cybersecurity problem of the industry – wire fraud.

CoreLogic’s LendingQB Now Integrates Income Verification, Property Tax Estimator

CoreLogic announced that its FactCheck income calculation and analysis solution and Property Tax Estimator report are now available on the LendingQB® Loan Origination System. When combined with the previously existing CoreLogic integrations on the LendingQB LOS, Instant Merge credit report, Flood Determination services, LoanSafe reports, income verification and valuation solutions, these two new integrations provide LendingQB users with an end-to-end underwriting solution from a single provider.

FactCheck extracts borrower income data directly from source images and data sets. Once extracted, FactCheck automatically processes the borrower’s income information via a customizable rules engine, and allows underwriters to easily update calculations, document exceptions and track changes using a transparent audit log.

The solution’s Document Inventory tool automatically identifies missing documents, and the Income Finder tool automatically flags potential sources of new income. By leveraging a fixed set of rules in a repeatable, automated process, FactCheck ensures that teams of underwriters are evaluating income the same way every time, increasing efficiencies and helping reduce compliance and buy-back risks.

Property Tax Estimator is designed to significantly increase the accuracy of Loan Estimates, reduce compliance risk and improve the customer experience. By delivering highly accurate tax data early in the process, Property Tax Estimator also helps underwriters qualify the borrower’s ability to financially support all mortgage costs and improves the onboarding process for servicers. Additionally, it eliminates the need for any specialized skills required for data procurement and provides a consistent workflow process no matter the property, exemption status, county exception complexity, and loan officer tenure.

Search Portal Tracks Buyer Activities Based on School Districts

Silicon Valley-based planetRE, an enterprise cloud vendor for online real estate, has announced new enhancement to its flagship Socialite Millennial Consumer Search Portals targeted for agents and brokers. The new feature tracks in-depth Buyer Activities in the local market around seller’s home based on School Districts. Sellers who visit online wanting to sell their homes are interested in checking market pulse of the buyer demand.

Now, instead of just city and ZIP codes, the new feature will show the visitor detailed Buyer Activity, for past 90 days rendered as a heat map with tagged school districts with boundaries. The rich visualization can display school maponics with heat maps showing school areas people are searching in local market with a variety of both sell and buy side analytics.

“Consumers in most markets pay a lot of attention to schools while researching homes.” said Subrao Shenoy, CEO of planetRE. ”The new feature showing these activity graphs with school tags is a huge differentiation for consumers and a lead magnet for seller leads.”

Most Popular Articles

Where is the housing market headed?

Rising incomes, low interest rates and all other factors, including the balance between families looking for housing and the availability of housing, point towards a continuation of the strong housing market of the last 15 to 18 months.

Oct 18, 2021 By