Technology

Spruce raises $15.6M to disrupt title industry

Additional investor involvement brings total Series A funding up to $19.1 million
Self-proclaimed as the first digital native title company, Spruce is out to disrupt the paper-based title and escrow process as part of the real estate industry’s quickening march toward the digital mortgage. And now, the company has some new capital to aid its pursuit.
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Blend unveils expansion into homeowners' insurance space

Allows digital insurance selection in application process
On Monday, digital lending company Blend announced its expansion into a new space with the unveiling of Blend Insurance Agency, an independent insurance agency that enables borrowers to shop for homeowners’ insurance during the mortgage application process.
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Roostify appoints new chief financial officer

Amblard has more than a decade of board operating experience
Tech100 winner Roostify follows through on its plans of expansion, appointing Eric Amblard as its new chief financial officer. Amblard brings with him more than a decade of board operating experience scaling B2B SaaS companies.
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RealPage continues growth, plans $100M acquisition of LeaseLabs

Latest deal pushes total outlay for acquisitions since 2017 to more than $1B
RealPage, a provider of software and data analytics to the real estate industry, has been on quite the run of acquisitions in the last 18 months or so, acquiring five different companies as it seeks to grow its empire. And the company’s not done yet. RealPage announced late Thursday that it is planning to acquire LeaseLabs in a $100+ million deal.
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Lenders reveal why they upgrade their mortgage tech

Survey shows lenders not concerned with cost
Mortgage lenders are increasingly looking to implement more mortgage technology, and now revealed their top drivers when implementing this technology. While some of the top reasons will come as no surprise, others could be less expected. For example, only 15% of lenders said cost was a factor in putting new technology in place.
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Real estate tech company Skyline AI gets $18 million vote of confidence from JLL, others

After just 4 months of fundraising, CRE artificial intelligence developer raises $18 million in Series A
Investors are eager to get their hands on AI for their investment efforts. Skyline AI is cashing in on that demand garnering interest from major players in the commercial real estate space, including backing from JLL's new tech investment fund.
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Zillow makes big move into rental services

New tools allow renters to apply to unlimited properties for flat fee and pay rent through its portal
Zillow is at it again, aiming to take more ground in the rental market. This week, the online real estate giant rolled out new tools that allow renters to apply for multiple rentals with one application that includes a background check, eviction history, and a credit report. Plus renters can pay their rent directly through Zillow's portal.
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From HW Magazine

HOT or NOT August: What's trending in housing right now

Cybersecurity, stress tests, Mick Mulvaney and more make the list
Companies should keep an eye on these three cybersecurity trends, plus more homeowners are cashing in on equity and the Fed is considering eliminating the pass/fail score on bank stress tests. Read more inside!
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From HW Magazine

2018 Women of Influence: Cheri Lines

Vice President of Technology at Nexsys Technologies
In addition to expanding who the product serves, Cheri Lines led improvements to the reporting, automation features and custom integrations, helping to maintain both the largest lender (Quicken Loans) and the largest settlement services provider (Amrock) as clients. Due to her incredible work at Nexsys Technologies, Lines earned a promotion to vice president of technology this year. Lines is a 2017 HousingWire Rising Stars winner, and is a major reason why Nexsys Technologies’ won the Tech100 award two years consecutively.
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