Understanding Today’s Connected Borrower

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The unique challenges facing minority first-time homebuyers

In this episode, we interview Timothy Demry, a real estate agent in San Francisco’s Bay Area, about his experience serving minority first-time homebuyers.

How modernized servicing creates customers for life

Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators.

Savvy lenders are already preparing for the next valley – Here’s how

Despite increased rate of tech adoption, the industry still has room for continued tech development and usage. Read here to learn more about key technologies that lenders need to give more attention to.

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Real estate tech roundup: Asteroom, Homesnap and SafeShowings

Here's the new tech available to the real estate industry

Asteroom, a smartphone-based provider of mobile 3D home tours for real estate professionals, has announced a partnership with Berkshire Hathaway Home Services Fox & Roach which gives agents access to Asteroom’s 3D tour technology, image enhancement and 3D virtual staging capabilities.

Asteroom’s technology lets agents use their smartphone camera to film 3D home tours. After agents finish collecting images, they upload to the cloud where Asteroom’s AI stitches those images into a 3D dollhouse within 24 hours. Every Asteroom tour also includes a 2D floor plan with dimension estimates, the company said.

This partnership also gives BHHS Fox & Roach agents exclusive discounts on the hardware component, as well as member pricing on software upgrades.

Homesnap rolls out Sell Speed

Homesnap has introduced an AI algorithm that it says can predict how quickly a home will sell at various prices through its Sell Speed feature. The new feature is not consumer-facing, and is only accessible by Homesnap Pro and Homesnap Pro+ agents, the company said.

Homesnap lets agents adjust a home’s price up to 30% in either direction of the list price or estimated home value and as a home price is adjusted, the selling probability timeframe dynamically updates to create an estimated time in which the property will sell.

With Sell Speed, agents can set realistic goals and expectations on home prices for their clients, the company said. Homesnap Pro+ agents can access Sell Speed on any listing, even if they aren’t the listing agent.

Sell Speed is available now in beta.

SafeShowings now available for CAR members

The California Association of Realtors has partnered with SafeShowings, an app that seeks to give real estate professionals control over their own safety.

After having a frightening encounter of her own at a showing about two years ago, Charleston, South Carolina Realtor Helen Hudson founded SafeShowings.

The app allows the user to record names of potential homebuyers touring a home, capture exact GPS addresses and includes a prompt to capture a secure image of the potential buyer’s face before unlocking the door to a home.

“We go in and out of people’s homes every day that have their valuables and where people live, and it’s the highest commodity that anyone will ever purchase, yet there’s no system-wide approach for how we look at safety and be cautious about how to prevent crime,” Hudson told HousingWire. 

The app will notify an agent’s emergency contacts if the user doesn’t check in based on the given appointment time and an adjustable timer feature.

In addition to CAR members, SafeShowings is also available to members of the North Carolina Association of Realtors, Washington Association of Realtors, South Carolina Realtors, Realty ONE Group, ATI Home Inspector Training, Reading-Berks Association of Realtors and Sumter Board of Realtors.

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