Technology

Monday Morning Cup of Coffee: LinkedIn invests $10m in Silicon Valley affordable housing

The rent is too damn high!
Every week, it seems like there’s another example of people (or companies) going to extremes to secure housing in the Bay Area. Earlier this year, Facebook and Google both announced plans to help build new, affordable housing in Silicon Valley. And now, LinkedIn is joining in too. All that, and more, in your Monday Morning Cup of Coffee.
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Redfin Mortgage expands to Washington, D.C.

Online real estate brokerage began lending in Texas and Illinois this year
Earlier this year, Redfin rolled out a mortgage lending business, launching Redfin Mortgage in Texas. In October, Redfin expanded its mortgage operation to include Illinois as well. And now, Redfin Mortgage is expanding to the nation’s capital.
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Realtor.com picks Apartment List as exclusive provider of apartment community listings

Apartment List also providing listing data for Facebook
Last month, Facebook announced that it was launching a massive push into real estate, bringing apartment rental listings to its Marketplace. The listings are powered by Apartment List and Zumper. But as it turns out, powering Facebook’s real estate listing movement isn’t the only big deal that Apartment List inked lately.
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Email: An incubator for the untapped business network

And why we created NEXT
[Expert commentary] There’s something called the “Hollywood handshake.” It’s when someone shakes your hand, but instead of looking you in the eye, they scan the room to see if there’s anyone more important to speak to. (We don’t like those people.)
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Digital mortgage software provider Maxwell raises $3 million to fund growth

More than doubles amount of capital previously raised
Maxwell, a provider of digital mortgage software and a winner of HousingWire Magazine’s 2017 HW Tech100 as one of the housing industry’s top tech companies, announced this week that it just completed a funding round that more than doubled the amount of capital the company had previously raised.
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Black Knight launches robotics capabilities to assist lenders

Will operate without human intervention
Black Knight launched new robotics technology, which allows its LOS platform to perform certain tasks without human interference. The technology will actively monitor the LOS for key data changes or even lack of changes in order to trigger automated or manual tasks which need to be completed.
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New York renters can now make payments in bitcoin

ManageGo converts bitcoin to dollar for landlords
Although bitcoin transactions are rare, they are starting to make their way into the real estate market. Now, even renters can use bitcoin for their home, as one New York rental payment management platform is adding bitcoin to its list of payment options.
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