Technology

Zillow to launch buying and selling operations in Charlotte and Raleigh

Expands Zillow Offers to six markets
Zillow announced it is expanding its home buying and selling operations into Charlotte and Raleigh. The additions bring Zillow’s burgeoning home buying and selling operations to six markets nationwide. The program launched in Phoenix in April, then moved on to Las Vegas and Atlanta, with Denver set to open later this month.
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DocuTech integrates with Blend's digital platform

Blend will bring ConformX and Solex to its customers
DocuTech, a 2018 HousingWire Tech100 winner, recently announced it has integrated its document and eSignature solutions with the Blend platform to streamline the origination process. Blend CEO and co-founder Nima Ghamsari said partnering with Docutech will provide Blend a means to improve the origination process moving forward.
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Home Point Financial Corporation, Capsilon partner to reduce purchase review time

Capsilon IQ platform integrated with Home Point’s Automated File Intake
Home Point Financial Corporation, a national mortgage originator and servicer, is partnering with Capsilon, a provider of mortgage automation software, to reduce risks and boost productivity in the loan process. Capsilon COO Jim Obsitnik said Home Point Financial is changing how mortgages are delivered.
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Stay Alfred raises $47 million in Series B

The short-term rental company has now raised a total of $62 million in funding
Stay Alfred, a short-term rental company that operates out of multifamily properties, just raised $47 million in its Series B funding round. Chicago-based real estate tech fund, Nine Four Ventures, led the round.
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CoreLogic adds new feature to LoanSafe Fraud Manager

Blended Reissue aims to simplify the transition of important information
As concern for mortgage fraud continues to haunt the financial services industry, CoreLogic has announced a new function in its LoanSafe Fraud Manager solution. The feature, Blended Reissue, will enable investors to gain additional insight into loans they intend to purchase, reduce costs and improve efficiency of their pre-purchase reviews.
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NYSE parent company ICE acquires MERS

ICE buys remaining stake in mortgage registry
Intercontinental Exchange, the parent company of the New York Stock Exchange, is now also the parent company of MERSCORP Holdings, as the companies announced Friday that ICE has acquired all of MERS.
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Movement Mortgage to lay off 180 employees

Company cites slowing loan growth
For the third time this year, Movement Mortgage is cutting its workforce. Movement announced Thursday that it is laying off 180 of its employees on Friday. In a note from CEO Casey Crawford released Thursday afternoon, the CEO explained that the lender is making this decision “in response to a nationwide downturn in the housing and mortgage market.”
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Baseline stakes its claim in HECM space

Offers reverse companies data and insight to fine-tune their business
Analytics provider Baseline is staking its claim in the reverse mortgage space. The firm offers clients a deep dive into HECM data with origination trends, performance stats and endorsement info – and companies are taking note. Baseline launched two years ago, but it took time for the company to gain traction. Now, President Dan Ribler said it has picked up significant market share.
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Roofstock offering investors guaranteed rent on single-family rental homes

Company will pay investors rent on vacant properties for 12 months
Roofstock, a platform for buying and selling single-family rental homes, is offering a unique carrot to try to entice investors to use its platform to buy a property: guaranteed rent. Roofstock announced Tuesday that it is rolling out what it calls an “industry-leading” guarantee that provides up to 12 months of rent on a vacant property purchased through the company’s platform.
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SoFi wants to make it easier for borrowers to take out a home improvement loan

Partners with Kukun to provide homeowners with more info about loan benefits
SoFi is preparing to arm borrowers with more information to help them decide whether taking out a home improvement loan is the right decision for them. The growing lender announced this week that it is partnering with Kukun to use Kukun’s technology to provide prospective borrowers with new tools that will help them determine how much a home improvement project would cost and how it could affect the value of their home.
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