Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements.
Tech-enabled home insurance provider Openly launched on Tuesday, equipped with $7.6 million from its seed round of funding. The company said in a press release it aims to simplify the home insurance buying process by empowering home insurance agents.
In order to do so, Openly plans to sell its up-market home insurance exclusively through independent insurance agents, rather than using technology to completely remove them from the process.
“Our goal is to help agents as they work to modernize their businesses,” said Ty Harris, the CEO, and co-founder of Openly. “We let them offer their customers better, faster and more economical products with comprehensive insurance protection for a wide range of needs.”
roOomy, a technology company that offers virtual staging services and 3D modeling and rendering for interior design, announced a partnership with home furnishing company Havertys to enhance the home selling and buying process.
Through the partnership, Havertys has launched the Designer Application, which is a custom interior design tool that enables its design consultants to transform 2D images of their customers’ rooms to assist in creating photorealistic 3D renderings.
“Often, the problem with redesigning any room is visualization – it’s difficult to picture how the room might look like with new furnishings or to imagine how it will all fit together,” roOmy said in a press release. “But that’s a thing of the past – with Havertys latest offering consumers will be able to visualize the entire room like never before.”
Wolters Kluwer, a Netherlands based information and financial services company, launched a new consumer lending offering that aims to enhance the online loan origination capabilities of U.S. community banks and credit unions.
The offering, Online Applications for Consumer Lending, is powered by Temenos Infinity, the digital front office product from banking software provider Temenos.
By integrating seamlessly with Wolters Kluwer’s ComplianceOne solution, the offering allows consumers to begin a loan application from any digital device, at any time.
“Until now, community banks and credit unions had few options available for providing online consumer loan applications, other than to build their own in-house functionality,” said Steven Meirink, the executive vice president of Wolters Kluwer Compliance Solutions. “Online Applications for Consumer Lending helps level the playing field with larger institutions and internet-only banks, delivering an appealing consumer design and high-tech experience without a heavy technology investment.”